Umh Ny Corp
- Assets
- $24.7m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 251
- Location
- Binghamton, NY
- Founding
- 11/1990
- Data as of
- 12/2022
- EIN
- 24-0856145
Organization Overview
Umh Ny Corp is located in Binghamton, NY. The organization was established in 1990. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Umh NY Corp employed 251 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Umh NY Corp 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 12/2022, Umh NY Corp generated $14.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $15.2m during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 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
NOT-FOR-PROFIT FACILITY OFFERING RESIDENT SERVICES TO THE FRAIL AND ILL ELDERLY OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSONAL CARE AND RESIDENTIAL LIVINGLICENSED PERSONAL CARE AND RESIDENTIAL APARTMENT LIVING SERVICES ARE PROVIDED TO THE FRAIL AND ILL ELDERLY RESIDENTS OF THE ORGANIZATION'S FACILITY. PERSONAL CARE SERVICES ARE LICENSED AND REGULATED BY THE STATE AUTHORITIES. 87,029 TOTAL DAYS OF PERSONAL CARE AND RESIDENTIAL APARTMENT LIVING SERVICES WERE RENDERED TO RESIDENTS OF THE FACILITY AND ARE REPRESENTED BY 77,730 DAYS OF PRIVATE PAYMENTS AND 9,299 DAYS OF MEDICAID PAYMENTS.
INDEPENDENT LIVING COMMUNITYSET IN A RESIDENTIAL ENVIRONMENT, THE COTTAGES OF THE COMMUNITY PROVIDED 27,611 DAYS OF INDEPENDENT LIVING HOUSING TO RESIDENTS VIA PRIVATE PAYMENT.
HOME AND COMMUNITY BASED CARE MANAGEMENT AND COORDINATIONBEGINNING IN MAY 2016, COMPLETE CARE OFFERS COMPREHENSIVE CARE MANAGEMENT AND CARE COORDINATION FOR RESIDENTS IN THE SURROUNDING AREA. SERVICES WERE PROVIDED TO 101 INDIVIDUALS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Berg Chairperson | OfficerTrustee | 12 | $0 |
John Crounse Vice Chairperson | OfficerTrustee | 17 | $0 |
Robert Montgomey Secretary | OfficerTrustee | 5 | $0 |
William Lewis Treasurer | OfficerTrustee | 2 | $0 |
Rosanne Mulligan Assistant Secretary | OfficerTrustee | 2 | $0 |
Edwin Betz Assistant Treasurer | OfficerTrustee | 7.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Air Temp Heating & A C Inc Hvac Services | 12/30/22 | $101,525 |
Perkins Eastman Architects Dpc Architect Services | 12/30/22 | $380,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $288,937 |
| Government grants | $9,150 |
| 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 | $298,087 |
| Total Program Service Revenue | $12,366,661 |
| Investment income | $246,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,050 |
| Net Gain/Loss on Asset Sales | $409,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,495,389 |
| 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 | $7,193,653 |
| Pension plan accruals and contributions | $86,372 |
| Other employee benefits | $1,107,900 |
| Payroll taxes | $523,231 |
| Fees for services: Management | $976,147 |
| Fees for services: Legal | $3,510 |
| Fees for services: Accounting | $15,730 |
| Fees for services: Lobbying | $1,098 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $808,931 |
| Advertising and promotion | $0 |
| Office expenses | $533,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $698,693 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $358,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,411,892 |
| Insurance | $258,041 |
| All other expenses | $49,349 |
| Total functional expenses | $15,201,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,066 |
| Savings and temporary cash investments | $2,712,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,288 |
| 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 | $56,280 |
| Net Land, buildings, and equipment | $8,583,525 |
| Investments—publicly traded securities | $11,440,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,693,366 |
| Total assets | $24,703,914 |
| Accounts payable and accrued expenses | $729,866 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,763,626 |
| Escrow or custodial account liability | $17,861 |
| 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 | $463,583 |
| Total liabilities | $9,974,936 |
| Net assets without donor restrictions | $14,728,978 |
| 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 | $24,703,914 |