Waverly Community House Inc
- Assets
- $6.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 54
- Location
- Waverly, PA
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 24-0798358
Organization Overview
Waverly Community House Inc is located in Waverly, PA. The organization was established in 1942. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Waverly Community House Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waverly Community House 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, Waverly Community House Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $781.0k during the year ending 12/2021. 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
THE MISSION OF THE WAVERLY COMMUNITY HOUSE IS TO ENHANCE THE LIVES OF INDIVIDUALS AND FAMILIES IN THE REGION BY FOSTERING EDUCATIONAL, RECREATIONAL AND CULTURAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE PROGRAMS
BELIN ARTS SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisa Nalevanko President | OfficerTrustee | 2 | $0 |
Michael J Poremba Vice-President | OfficerTrustee | 2 | $0 |
Leslie Peters Secretary | OfficerTrustee | 2 | $0 |
Louis S Houck Treasurer | OfficerTrustee | 2 | $0 |
Gretchan Henderson Director | Trustee | 2 | $0 |
Martina Bacarella Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $115,489 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $748,599 |
| Total Program Service Revenue | $143,739 |
| Investment income | $165,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,635 |
| Net Gain/Loss on Asset Sales | $166,044 |
| Net Income from Fundraising Events | -$699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,700 |
| 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 | $294,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,808 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,989 |
| 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 | $257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,893 |
| Insurance | $36,390 |
| All other expenses | $71,743 |
| Total functional expenses | $780,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,715 |
| Savings and temporary cash investments | $187,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,277 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,250,963 |
| Investments—publicly traded securities | $5,411,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $6,879,240 |
| Accounts payable and accrued expenses | $15,430 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,430 |
| Net assets without donor restrictions | $4,513,392 |
| Net assets with donor restrictions | $2,350,418 |
| 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 | $6,879,240 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Waverly Community House Inc has recieved totaling $13,915.
| Awarding Organization | Amount |
|---|---|
Scranton Area Foundation Inc Scranton, PA PURPOSE: TO SUPPORT VARIOUS PROGRAMS | $7,500 |
Overlook Estate Foundation Inc Waverly, PA PURPOSE: PROGRAM SUPPORT | $2,847 |
Richard C Marquardt Family Foundation Waverly, PA PURPOSE: DONATION | $2,000 |
Ross Family Foundation Philadelphia, PA PURPOSE: FOR GENERAL PURPOSES | $500 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $500 |
Bernstein Family Foundation Clarks Summit, PA PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $300 |
Endowment Analysis
| Beg. Balance | $3,098,536 |
| Earnings | $500,333 |
| Admin Expense | $28,466 |
| Other Expense | $203,939 |
| Ending Balance | $3,366,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |