Senior Veterans Housing Assoc Inc
- Assets
- $448.7k
- Revenue
- $274.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Ashtabula, OH
- Founding
- 03/1991
- Data as of
- 05/2024
- EIN
- 34-1481270
Organization Overview
Senior Veterans Housing Assoc Inc is located in Ashtabula, OH. The organization was established in 1991. 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. As of 05/2024, Senior Veterans Housing Assoc Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Veterans Housing Assoc 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 05/2024, Senior Veterans Housing Assoc Inc generated $274.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $326.8k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION PROVIDES HOUSING FOR ELIGIBLE LOW INCOME ELDERLY/DISABLED PERSONS. THE CORPORATION OPERATES A 25 UNIT APARTMENT UNDER SEC. 207 NATIONAL HOUSING ACT. HUD REGULATES RENT CHARGES & OPERATING METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES HOUSING FOR ELIGIBLE LOW INCOME ELDERLY/DISABLED PERSONS. THE CORPORATION OPERATES A 25 UNIT APARTMENT UNDER SEC. 207 NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES & OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Burns Treasurer | Officer | 1 | $0 |
Barry Meadows V. President | Officer | 1 | $0 |
Luther Sawicki President | Officer | 1 | $0 |
Ron Vasinda Secretary | Officer | 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 | $274,542 |
| Investment income | $291 |
| 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 | $274,833 |
| 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 | $42,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,141 |
| Payroll taxes | $4,042 |
| Fees for services: Management | $18,441 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $269 |
| Office expenses | $12,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,304 |
| 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 | $28,374 |
| Insurance | $4,553 |
| All other expenses | $1,128 |
| Total functional expenses | $326,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,215 |
| Savings and temporary cash investments | $199,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,451 |
| 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 | $14,217 |
| Net Land, buildings, and equipment | $160,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $44,524 |
| Other assets | $9,642 |
| Total assets | $448,747 |
| Accounts payable and accrued expenses | $41,223 |
| Grants payable | $0 |
| Deferred revenue | $2,484 |
| 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 | $811,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,049 |
| Total liabilities | $862,255 |
| Net assets without donor restrictions | -$413,508 |
| 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 | $448,747 |