Hunters Woods Elderly Developments Of Virginia Inc
- Assets
- $30.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Reston, VA
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 47-5323918
Organization Overview
Hunters Woods Elderly Developments Of Virginia Inc is located in Reston, VA. The organization was established in 2016. 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 06/2022, Hunters Woods Elderly Developments Of Virginia Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hunters Woods Elderly Developments Of Virginia 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 06/2022, Hunters Woods Elderly Developments Of Virginia Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING AND SERVICES FOR LOW INCOME SENIORS AND THOSE WHO ARE PHYSICALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP SQUARE PROVIDES AFFORDABLE HOUSING AND SERVICES TO SENIORS WHO HAVE VERY LIMITED INCOMES AND RESOURCES. SINCE 1960, FELLOWSHIP SQUARE FOUNDATION HAS PROVIDED QUALITY, INDEPENDENT APARTMENT LIVING IN RESTON AND WOODBRIDGE, VIRGINIA AND UPPER MARLBORO, MARYLAND FOR MORE THAN 3,000 RESIDENTS.HUNTERS WOODS FELLOWSHIP HOUSE OPENED IN 1979 AND OFFERS 224 UNITS OF INDEPENDENT LIVING ALONG WITH COMMON SPACE FOR ACTIVITIES, GAMES, EXERCISE, SOCIAL EVENTS, AND HEALTHCARE PRESENTATIONS. THE PROPERTY IS PART OF A LOCAL SHOPPING PLAZA WHICH MAKES DAILY ERRANDS EXTREMELY EASY AND CONVENIENT FOR RESIDENTS. THE PROPERTY OPERATES UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN THE SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM. THE PROPERTY IS REGULATED BY THE US HOUSING AND URBAN DEVELOPMENT AGENCY AS TO RENT CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl A Jenkins President | OfficerTrustee | 5.1 | $0 |
Jorn Dalboe Vice President | OfficerTrustee | 0.1 | $0 |
Cissy Nickel Director | Trustee | 0.1 | $0 |
Tierra Faggins Secretary | OfficerTrustee | 0.12 | $0 |
Mark Fleming Treasurer | OfficerTrustee | 2.05 | $0 |
Bob Thompson Director | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bm Contracting Llc Contractors | 6/29/22 | $264,750 |
Miner Feinstein Architects Architectural Svc | 6/29/22 | $255,784 |
Southway Builders Inc Construction | 6/29/22 | $5,300,918 |
Fellowship Square Foundation Management Fees | 6/29/22 | $170,042 |
Sl Nusbaum Management Fees | 6/29/22 | $167,678 |
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 | $4,093,825 |
| Investment income | $32,373 |
| 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 | $4,222,948 |
| 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 | $775,724 |
| Pension plan accruals and contributions | $6,054 |
| Other employee benefits | $66,084 |
| Payroll taxes | $51,087 |
| Fees for services: Management | $167,678 |
| Fees for services: Legal | $1,931 |
| Fees for services: Accounting | $15,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,070 |
| Advertising and promotion | $381 |
| Office expenses | $136,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $644,680 |
| Travel | $2,278 |
| 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 | $721,747 |
| Insurance | $59,607 |
| All other expenses | $684 |
| Total functional expenses | $2,968,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,867 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,945,950 |
| Investments—publicly traded securities | $2,305,344 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,731,225 |
| Total assets | $30,664,446 |
| Accounts payable and accrued expenses | $557,045 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $51,060 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,535,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,668 |
| Total liabilities | $23,198,046 |
| Net assets without donor restrictions | $7,466,400 |
| 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 | $30,664,446 |