Chestnut Commons Inc
- Assets
- $200.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 25-1789744
Organization Overview
Chestnut Commons Inc is located in State College, PA. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Chestnut Commons 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, Chestnut Commons Inc generated $16.7k 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 (6.5%) each year. All expenses for the organization totaled $34.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES LOW INCOME HOUSING TO QUALIFIED INDIVIDUALS IN A H.U.D. UNIT IN BARNSBORO, PA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Springer Community Member | 0.5 | $0 | |
Eric Malone Community Member | 0.5 | $0 | |
Todd Deiffenbach CFO | 0.5 | $0 | |
Matt Fox Director | 0.5 | $0 | |
Val Barner CEO | 0.5 | $0 | |
Chris Knarr COO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,371 |
| Total Program Service Revenue | $11,304 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $34 |
| Total Revenue | $16,709 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,748 |
| Professional fees and other payments to independent contractors | $7,044 |
| Occupancy, rent, utilities, and maintenance | $24,351 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $410 |
| Total expenses | $34,553 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,317 |
| Other assets | $0 |
| Total assets | $200,143 |
| Total liabilities | $305,038 |
| Net assets or fund balances | -$104,895 |
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