Blair Tower Inc
- Assets
- $3.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Altoona, PA
- Founding
- 03/1978
- Data as of
- 09/2024
- EIN
- 25-1334884
Organization Overview
Blair Tower Inc is located in Altoona, PA. The organization was established in 1978. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blair Tower Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2024, Blair Tower Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $985.7k during the year ending 09/2024. While expenses have increased by 0.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW COST HOUSING FOR LOW AND MODERATE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW COST HOUSING ON A NON-PROFIT BASIS TO THOSE IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Diedrich Secretary | Officer | 0 | $0 |
William H Lightner Vice President | Officer | 0 | $0 |
Rev Carla J Gregory-Beckton President | Officer | 0 | $0 |
Howard Ermin Jr Treasurer | Officer | 0 | $0 |
Rev Eli A Hess Assistant Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $642,825 |
| 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 | $642,825 |
| Total Program Service Revenue | $531,116 |
| Investment income | $1,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,220,683 |
| 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 | $183,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,049 |
| Payroll taxes | $14,539 |
| Fees for services: Management | $83,115 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $5,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,790 |
| Advertising and promotion | $435 |
| Office expenses | $21,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,358 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,517 |
| Insurance | $316 |
| All other expenses | $1,392 |
| Total functional expenses | $985,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,207 |
| Savings and temporary cash investments | $40,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,115 |
| 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 | $24,082 |
| Net Land, buildings, and equipment | $1,597,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $60,853 |
| Other assets | $1,602,981 |
| Total assets | $3,352,121 |
| Accounts payable and accrued expenses | $172,984 |
| 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 | $1,643,290 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,500 |
| Total liabilities | $1,856,774 |
| Net assets without donor restrictions | $1,495,347 |
| 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 | $3,352,121 |