Jennings Manor Housing Corporation
- Assets
- $2.6m
- Revenue
- $658.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Garfield Heights, OH
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 31-1544685
Organization Overview
Jennings Manor Housing Corporation is located in Garfield Heights, OH. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Jennings Manor Housing 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 06/2021, Jennings Manor Housing Corporation generated $658.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $641.3k during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUBSIDIZED HOUSING IN A CAMPUS SETTING FOR ADULTS AGE 62 OR OLDER WITH LIMITED MEANS WHO QUALIFY BASED ON CERTAIN INCOME REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING IN A 61-UNIT APARTMENT COMPLEX TO LOW-INCOMEELDERLY RESIDENTS (HUD 202 PROJECT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Q Salopeck President And CEO | OfficerTrustee | 1 | $0 |
Eugene M Killeen Director | Trustee | 1 | $0 |
FR Walter Jenne Director | Trustee | 1 | $0 |
Hugh J Morgan Director | Trustee | 1 | $0 |
Salvatore C Zingale Director | Trustee | 1 | $0 |
Sister Patricia Raelene Cssp Director | Trustee | 1 | $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 | $548,310 |
| Investment income | $65 |
| 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 | $658,611 |
| 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 | $127,646 |
| Pension plan accruals and contributions | $3,188 |
| Other employee benefits | $18,063 |
| Payroll taxes | $10,119 |
| Fees for services: Management | $32,208 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,173 |
| Advertising and promotion | $391 |
| Office expenses | $6,498 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $156,864 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,276 |
| Insurance | $15,782 |
| All other expenses | $0 |
| Total functional expenses | $641,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,534 |
| Savings and temporary cash investments | $426,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,347 |
| 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 | $9,268 |
| Net Land, buildings, and equipment | $2,044,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,550,768 |
| Accounts payable and accrued expenses | $98,961 |
| 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 | $4,243,600 |
| Total liabilities | $4,342,561 |
| Net assets without donor restrictions | -$1,791,793 |
| 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 | $2,550,768 |
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