Monarch Senior Living Housing Development Fund Corporation

Organization Overview

Monarch Senior Living Housing Development Fund Corporation is located in Webster, NY. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monarch Senior Living Housing Development Fund Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2015

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO ASSIST IN THE DEVELOPMENT OF HOUSING FOR PERSONS OF LOW INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SUCCESSFULLY APPLIED FOR AND RECEIVED A GRANT OF HUD SECTION 202 FUNDS IN THE AMOUNT OF $2,617,700. DURING 2011 $1,992,526 OF THESE FUNDS WERE SUBSEQUENTLY LOANED TO MONARCH SENIOR LIVING, L.P. AND USED TO SUPPORT THE DEVELOPMENT AND CONSTRUCTION OF A 45 UNIT LOW INCOME APARTMENT FOR SENIOR CITIZENS. DURING 2012, THE BALANCE OF $625,174 WAS RECEIVED AND SUBSEQUENTLY LOANED TO MONARCH SENIOR LIVING, L.P. THE APARTMENT COMPLEX IS LOCATED IN WEBSTER, NEW YORK AND WILL PROVIDE AFFORDABLE, DECENT AND SAFE HOUSING TO RESIDENTS IN NEED IN THAT COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Peterson
Board Chair
$0
Mark Curletta
Executive Vp/coo
$0
William Woodward
Treasurer
$0
Sankar Sewnauth
President
$0
Gregory Gibben
Secretary
$0
Judy Consadine
Executive Vp/cfo
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $3
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 $3

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