Mansfield Leased Housing Corporation
- Assets
- $709.4k
- Revenue
- $682.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mansfield, OH
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 34-1202593
Organization Overview
Mansfield Leased Housing Corporation is located in Mansfield, OH. The organization was established in 1998. 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. Mansfield Leased 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 12/2021, Mansfield Leased Housing Corporation generated $682.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $734.5k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
LOW INCOME HOUSING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 158 APARTMENTS AND RELATED SERVICES TO LOW INCOME, ELDERLY INDIVIDUALS. ALL EXPENSES WERE INCURRED IN CARRYING OUT THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Bocka President | OfficerTrustee | 2 | $0 |
Duana Patton Board Member | Trustee | 2 | $0 |
Sally Gesouras Vice President | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Window World Of The Heartland Windows Replaced | 12/30/15 | $141,619 |
Russells Property Maintenance Property Maintenance | 12/30/15 | $103,130 |
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 | $680,312 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,540 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $104,506 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $444,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,141 |
| Insurance | $25,287 |
| All other expenses | $0 |
| Total functional expenses | $734,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,148 |
| Savings and temporary cash investments | $219,190 |
| 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 | $6,657 |
| Net Land, buildings, and equipment | $443,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $709,362 |
| Accounts payable and accrued expenses | $33,557 |
| 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 | $62,319 |
| Total liabilities | $95,876 |
| Net assets without donor restrictions | $0 |
| 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 | $18,335 |
| Retained earnings, endowment, accumulated income, or other funds | $595,151 |
| Total liabilities and net assets/fund balances | $709,362 |
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|---|---|---|
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Fox Run Village Inc Novi, MI | $460,113,194 | $70,545,249 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Csi-Derby Street Nonprofit Housing Corporation Warren, MI | $670,695 | $62,509,360 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Twin Lakes Cincinnati, OH | $221,116,873 | $30,548,357 |
Lutheran Home For The Aged Erie, PA | $0 | $39,821,403 |
St Leonard Centerville, OH | $96,777,617 | $31,237,067 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |