Amherst Glen Senior Apartments Inc
- Assets
- $434.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 26-4693544
Organization Overview
Amherst Glen Senior Apartments Inc is located in Memphis, TN. The organization was established in 2009. 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. Amherst Glen Senior Apartments 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 12/2023, Amherst Glen Senior Apartments Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $58.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MENORAH CAMPUS, INC. D/B/A THE HARRY AND JEANETTE WEINBER G CAMPUS, IS TO ADDRESS THE FULL NEED SO OLDER PEOPLE IN OUR REGION: MEDICAL, RESIDENTIAL, EMOTIONAL, FINANCIAL, SOCIAL, AND SPIRITUAL. AMHERST GLEN SENIOR APARTMENTS, INC. IS A SUBSIDIARY OF MENORAH CAMPUS, INC. AND PROVIDES HUD 202 HOUSING FOR THE ELDERLY OF WESTERN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMHERST GLEN SENIOR APARTMENTS, INC. (THE "CORPORATION") WAS ORGANIZED APRIL 15, 2009 AS A NOT-FORPROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK, FOR THE PURPOSE OF OWNING AND OPERATING A 50-UNIT APARTMENT COMMUNITY ("AMHERST GLEN SENIOR APARTMENTS") LOCATED IN GETZVILLE, NEW YORK. THE ORGANIZATION SOLD THE BUILDING AT THE END OF THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor White President | OfficerTrustee | 0.5 | $0 |
Robert F Cook Director/secretary | OfficerTrustee | 0.5 | $0 |
Joshua Hammond Director | Trustee | 0.5 | $0 |
Mark Segel Director | Trustee | 0.5 | $0 |
Patrick Shea Director | Trustee | 0.5 | $0 |
Lawson Stringer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,862,553 |
| 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 | $5,862,553 |
| Total Program Service Revenue | $52,200 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,126,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,789,039 |
| 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 | $8,947 |
| Pension plan accruals and contributions | $229 |
| Other employee benefits | $28 |
| Payroll taxes | $377 |
| Fees for services: Management | $2,900 |
| Fees for services: Legal | $317 |
| Fees for services: Accounting | $7,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58 |
| Advertising and promotion | $27 |
| Office expenses | $457 |
| Information technology | $189 |
| Royalties | $0 |
| Occupancy | $3,597 |
| Travel | $1,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,808 |
| Insurance | $13 |
| All other expenses | $1,646 |
| Total functional expenses | $58,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,804 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $434,804 |
| Accounts payable and accrued expenses | $743 |
| 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 | $743 |
| Net assets without donor restrictions | $434,061 |
| 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 | $434,804 |