Tel-Hai Apartments Inc
- Assets
- $372.0k
- Revenue
- $254.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Honey Brook, PA
- Founding
- 02/1991
- Data as of
- 06/2022
- 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 06/2022, Tel-Hai Apartments Inc employed 3 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 06/2022, Tel-Hai Apartments Inc generated $254.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $254.6k during the year ending 06/2022. While expenses have increased by 0.9% 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
2022
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 94% OCCUPIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlin Hershey Chair | OfficerTrustee | 1 | $0 |
Eva Bering Director | OfficerTrustee | 1 | $0 |
Sheldon Martin Treasurer | OfficerTrustee | 1 | $0 |
Larry Shaub Treasurer (until Dec. '21) | OfficerTrustee | 0 | $0 |
David Shenk President & CEO | Officer | 2 | $0 |
Sharon Canull Cfo/asst. Secretary | Officer | 3 | $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 | $226,948 |
| Investment income | $10 |
| 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 | $254,806 |
| 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 | $44,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,460 |
| Fees for services: Management | $25,016 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,124 |
| Advertising and promotion | $60 |
| Office expenses | $3,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,433 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,863 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $254,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,041 |
| 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 | $3,830 |
| Net Land, buildings, and equipment | $329,729 |
| Investments—publicly traded securities | $30,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $372,007 |
| Accounts payable and accrued expenses | $27,245 |
| 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 | $942,284 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $528,994 |
| Total liabilities | $1,498,523 |
| Net assets without donor restrictions | -$1,126,516 |
| 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 | $372,007 |
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