Advanced Living Community Development Corporation
- Assets
- $894.0k
- Revenue
- $31.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Landsdale, PA
- Founding
- 08/2013
- Data as of
- 06/2021
- EIN
- 45-2929347
Organization Overview
Advanced Living Community Development Corporation is located in Landsdale, PA. The organization was established in 2013. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Advanced Living Community Development 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, Advanced Living Community Development Corporation generated $31.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.7%) each year. All expenses for the organization totaled $76.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (28.7%) per year over the past 6 years. 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
ADVANCED LIVING COMMUNITY DEVELOPMENT PROVIDES DECENT, QUALITY HOUSING THAT IS AFFORDABLE TO LOW INCOME AND MODERATE INCOME PERSONS IN MONTGOMERY COUNTY, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCED LIVING COMMUNITY DEVELOPMENT RECEIVED RENT REVENUE IN ADDITION FOR ITS SERVICES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth W Clemens Chairman | OfficerTrustee | 2 | $0 |
George Mescheter Vice Chair | OfficerTrustee | 2 | $0 |
Sharon L Jones Hofer ESQ Secretary | OfficerTrustee | 2 | $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 | $31,774 |
| Investment income | $0 |
| 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 | $31,774 |
| 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 | $4,446 |
| Pension plan accruals and contributions | $203 |
| Other employee benefits | $141 |
| Payroll taxes | $825 |
| Fees for services: Management | $1,080 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,391 |
| 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 | $1,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $26,992 |
| Insurance | $4,002 |
| All other expenses | $0 |
| Total functional expenses | $76,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,610 |
| 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 | $645 |
| Net Land, buildings, and equipment | $879,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,926 |
| Total assets | $894,039 |
| Accounts payable and accrued expenses | $9,905 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,118 |
| 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 | $43,502 |
| Total liabilities | $56,525 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $837,514 |
| Total liabilities and net assets/fund balances | $894,039 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Advanced Living Community Development Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: NORTH PENN COMMONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |
Habitat For Humanity International Inc Maple Shade, NJ | $11,003,483 | $12,605,455 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Habitat For Humanity Of The Chesapeake Inc Baltimore, MD | $24,324,066 | $8,169,233 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Crotona Park West Housing Development Fund Corporation New York, NY | $24,353,081 | $7,261,955 |
Evergreen Estates Housing Development Fund Company Inc New York, NY | $7,286,125 | $3,876,768 |
Bushwick United Housing Development Fund Corporation Brooklyn, NY | $1,708,540 | $8,681,801 |
Settlement Housing Fund Inc New York, NY | $50,728,547 | $11,765,294 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |