Wollaston Lutheran Church Apartments Inc
- Assets
- $16.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 05/1973
- Data as of
- 12/2021
- EIN
- 23-7036017
Organization Overview
Wollaston Lutheran Church Apartments Inc is located in Quincy, MA. The organization was established in 1973. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wollaston Lutheran Church Apartments Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wollaston Lutheran Church Apartments Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION SUPPORTS, AND HOLDS FUNDS FOR, ITS NONPROFIT MEMBER INSTITUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FENNO HOUSE PROVIDES DIGNIFIED ASSISTED LIVING SERVICES AND LOW-INCOME HANDICAPPED AND ELDERLY HOUSING FOR 152 INDIVIDUALS/COUPLES UNDER THE OVERSIGHT OF THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy M Wismar President/treasurer | OfficerTrustee | 1 | $0 |
Rev Steve Law Vice-President | OfficerTrustee | 1 | $0 |
Lola Tom Secretary/clerk | OfficerTrustee | 0.5 | $0 |
Ms Marcia Bailey Director | Trustee | 0.5 | $0 |
Rev Richard Law Director | Trustee | 0.5 | $0 |
Komborero Shoko Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,150,713 |
| Investment income | $958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,151,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $894,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,996 |
| Payroll taxes | $85,172 |
| Fees for services: Management | $186,024 |
| Fees for services: Legal | $8,221 |
| Fees for services: Accounting | $17,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $615 |
| Office expenses | $67,938 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $274,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,225 |
| Insurance | $161,691 |
| All other expenses | $87,384 |
| Total functional expenses | $3,243,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,962 |
| Accounts receivable, net | $58,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $109,593 |
| Net Land, buildings, and equipment | $2,552,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,600,844 |
| Total assets | $16,446,016 |
| Accounts payable and accrued expenses | $1,439,548 |
| Grants payable | $0 |
| Deferred revenue | $41,153 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,099,737 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,027 |
| Total liabilities | $13,698,465 |
| Net assets without donor restrictions | $2,747,551 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,446,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wollaston Lutheran Church Apartments Inc has recieved totaling $5,566.
| Awarding Organization | Amount |
|---|---|
W L C Management Company Inc Quincy, MA PURPOSE: OBTAIN RENT SUBSIDY | $5,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gateways Organization Inc Monsey, NY | $26,241,298 | $11,762,904 |
Calvin Coolidge Presidential Foundation Inc Plymouth, VT | $33,582,389 | $4,835,507 |
Wollaston Lutheran Church Apartments Inc Quincy, MA | $16,446,016 | $3,151,671 |
American Friends Of Netiv Aryeh Inc Monsey, NY | $174,267 | $2,714,241 |
Turning Point Brooklyn Inc Brooklyn, NY | $2,563,430 | $1,977,308 |
Eagles Wings International Inc Clarence, NY | $2,162,007 | $2,431,400 |
In2 Onnuri Community Church New York New York, NY | $2,609,357 | $2,620,100 |
Affirmative Evangelism Fellowship Middletown, NY | $2,879,019 | $1,947,839 |
Straight Ahead Ministries Inc Worcester, MA | $3,731,780 | $2,558,274 |
Camp Spofford Of The Evangelical Free Church Of America Spofford, NH | $5,897,116 | $2,036,666 |
Missionary Assembly Of God Of Marlborough Inc Marlborough, MA | $555,964 | $1,247,447 |
New Life Baptist Church Woburn, MA | $2,327,994 | $1,279,978 |