Benetwood Corporation
- Assets
- $3.6m
- Revenue
- $826.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Harborcreek, PA
- Founding
- 06/1979
- Data as of
- 06/2022
- EIN
- 25-1361354
Organization Overview
Benetwood Corporation is located in Harborcreek, PA. The organization was established in 1979. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Benetwood Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benetwood Corporation 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, Benetwood Corporation generated $826.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $744.8k during the year ending 06/2022. 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
BENETWOOD CORPORATION PROVIDESHOUSING FOR LOW INCOME ELDERLY AND DISABLED RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENETWOOD IS A HUD-SPONSORED LOW INCOME HOUSING PROJECT OPERATED BY THE BENEDICTINE SISTERS OF ERIE. THE PROJECT PROVIDES HUD SUBSIDIZED HOUSING TO ELDERLY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Cullen Director | Trustee | 1 | $0 |
Kitty Holtz Director | Trustee | 1 | $0 |
Judith Trambley Director | Trustee | 1 | $0 |
Michele Koszegi Director | Trustee | 1 | $0 |
Katie Ruffa Director | Trustee | 1 | $0 |
Cindy Hoover Osb Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $222 |
| 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 | $826,388 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $195,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,148 |
| Payroll taxes | $15,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,428 |
| Office expenses | $12,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,528 |
| Interest | $85,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,767 |
| Insurance | $67,073 |
| All other expenses | $0 |
| Total functional expenses | $744,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31 |
| Savings and temporary cash investments | $868,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $15,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $106,657 |
| Other assets | $0 |
| Total assets | $3,556,668 |
| Accounts payable and accrued expenses | $52,146 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $29,266 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,438,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,519,868 |
| Net assets without donor restrictions | $1,036,800 |
| 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 |
| Total liabilities and net assets/fund balances | $1,036,800 |