Tel-Hai Apartments Inc
- Assets
- $345.3k
- Revenue
- $265.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Honey Brook, PA
- Founding
- 02/1991
- Data as of
- 06/2023
- EIN
- 23-9118208
Organization Overview
Tel-Hai Apartments Inc is located in Honey Brook, PA. The organization was established in 1991. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Tel-Hai Apartments Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tel-Hai 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 06/2023, Tel-Hai Apartments Inc generated $265.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $226.3k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RENT SUBSIDIZED HOUSING IN THE FORM OF 37 APARTMENTS TO OLDER ADULTS AND/OR HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEL HAI APARTMENTS PROVIDES RENT SUBSIDIZED HOUSING IN THE FORM OF 37 APARTMENTS FOR ELDERLY AND/OR HANDICAPPED INDIVIDUALS. OVER THE COURSE OF THE YEAR THE UNITS WERE 96% OCCUPIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Horning Exec VP Resident Services/chair | OfficerTrustee | 1 | $0 |
Marlin Hershey Chair (until Dec. '22) | OfficerTrustee | 1 | $0 |
Sheldon Martin Treasurer | OfficerTrustee | 1 | $0 |
Eva Bering Director | Trustee | 1 | $0 |
Christopher Churchill Director (joined Jan. '23) | Trustee | 1 | $0 |
Lucinda Petersheim Director | Trustee | 1 | $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 | $233,343 |
| Investment income | $5 |
| 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 | $265,168 |
| 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 | $51,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,336 |
| Payroll taxes | $6,038 |
| Fees for services: Management | $25,986 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,935 |
| Advertising and promotion | $0 |
| Office expenses | $3,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,342 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,564 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,700 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $226,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,354 |
| 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 | $3,921 |
| Net Land, buildings, and equipment | $315,287 |
| Investments—publicly traded securities | $21,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $345,310 |
| Accounts payable and accrued expenses | $30,510 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $906,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $495,784 |
| Total liabilities | $1,432,998 |
| Net assets without donor restrictions | -$1,087,688 |
| 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 | $345,310 |