Jefferson-Chalmers Non-Profit Senior Housing Corporationn
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Detroit, MI
- Founding
- 06/1989
- Data as of
- 12/2020
- EIN
- 38-2866912
Organization Overview
Jefferson-Chalmers Non-Profit Senior Housing Corporationn is located in Detroit, MI. The organization was established in 1989. 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. As of 12/2020, Jefferson-Chalmers Non-Profit Senior Housing Corporationn employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson-Chalmers Non-Profit Senior Housing Corporationn 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 12/2020, Jefferson-Chalmers Non-Profit Senior Housing Corporationn generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. While expenses have increased by 1.5% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LOW INCOME HOUSING FOR SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES 122 HOUSING UNITS FOR SENIOR CITIZENS AT LOWER RENT THAN CURRENT MARKET RATES TO ASSURE AFFORDABILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Brooks III Chairman Effective 7/14/20 | OfficerTrustee | 0 | $0 |
Patricia Green Board Member Effective 7/14/20 | Trustee | 0 | $0 |
Orodell P Walker Board Member Effective 7/14/20 | Trustee | 0 | $0 |
Jannett S Gaines Board Member Effective 7/14/20 | Trustee | 0 | $0 |
Perry Morgan Board Member Effective 7/14/20 | Trustee | 0 | $0 |
Annica Brown Trustee/director Until 7/13/20 | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $913,602 |
| 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 | $913,602 |
| Total Program Service Revenue | $361,657 |
| Investment income | $422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,843 |
| 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 | $1,313,524 |
| 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 | $120,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,693 |
| Payroll taxes | $15,330 |
| Fees for services: Management | $64,596 |
| Fees for services: Legal | $1,855 |
| Fees for services: Accounting | $21,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,356 |
| Advertising and promotion | $2,751 |
| Office expenses | $26,853 |
| Information technology | $825 |
| Royalties | $0 |
| Occupancy | $791,520 |
| 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 | $194,072 |
| Insurance | $6,056 |
| All other expenses | $0 |
| Total functional expenses | $1,359,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,716 |
| 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 | $8,666 |
| Net Land, buildings, and equipment | $2,123,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,331 |
| Total assets | $2,414,168 |
| Accounts payable and accrued expenses | $509,633 |
| Grants payable | $0 |
| Deferred revenue | $5,908 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,583 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,059,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,601,824 |
| Net assets without donor restrictions | -$4,187,656 |
| 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 | $2,414,168 |