Ingleside Homes Inc
- Assets
- $17.6m
- Revenue
- $8.6m
- Investments
- $603.4k
- Employees
- 181
- Location
- Wilmington, DE
- Founding
- 05/1972
- Data as of
- 12/2023
- EIN
- 51-0113243
Organization Overview
Ingleside Homes Inc is located in Wilmington, DE. The organization was established in 1972. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Ingleside Homes Inc employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingleside Homes 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 12/2023, Ingleside Homes Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $8.5m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INGLESIDE HOMES, INC. PROVIDES AFFORDABLE HOUSING AND HEALTHCARE SERVICES FOR LOW TO MODERATE INCOME SENIORS IN THE DELAWARE VALLEY. THE ORGANIZATION OFFERS SERVICES TO SENIORS AT ANY LEVEL OF INDEPENDENCE THROUGH ITS PROGRAMS THAT INCLUDE INGLESIDE RETIREMENT APARTMENTS, INGLESIDE ASSISTED LIVING, INGLESIDE SENIOR SERVICES, INGLESIDE HOME HEALTHCARE, AND THE ALLETTA LAIRD & ROBERT N. DOWNS CULTURAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INGLESIDE RETIREMENT APARTMENTS - A 208-UNIT APARTMENT COMPLEX REGULATED UNDER SECTIONS 8 AND 236 OF THE NATIONAL HOUSING ACT THAT PROVIDES AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME INDIVIDUALS. PROVIDED APPROXIMATELY 67,094 DAYS OF SHELTER DURING THE YEAR.
INGLESIDE SENIOR SERVICES PROVIDES INFORMATION TO THE ELDERLY AT RISK COMMUNITY ABOUT AVAILABLE SERVICES INCLUDING FOOD SUPPLIES, HOME REPAIRS, HOME SAFETY, HOUSING, MEDICARE AND MEDICAID SERVICES. THE PROGRAM EDUCATED 3,156 SENIORS AT 50 PRESENTATIONS, MANAGED 22 CASES, PERFORMED HOME SAFETY ASSESSMENTS, 32 INSTANCES OF HOMELESSNESS WERE ADDRESSED USING CDBG HOMELESS PREVENTION FUNDS, AND 4 SENIORS WERE ASSISTED WITH HOME REPAIRS DURING 2023.THE ORGANIZATION ALSO SPONSORS AND MANAGES THE H. FLETCHER BROWN APARTMENTS LOW-INCOME HOUSING TAX CREDIT PROJECT. THIS PROJECT PROVIDES 35 ONE-BEDROOM APARTMENTS FOR LOW-INCOME SENIORS. IN 2023 H. F. BROWN APARTMENTS PROVIDED 12,684 NIGHTS OF SHELTER. REVENUE FROM THIS PROGRAM INCLUDES FEES RELATING TO H. FLETCHER BROWN APARTMENTS LP MANAGEMENT AND DEVELOPMENT.
INGLESIDE ASSISTED LIVING - AN ASSISTED LIVING HOUSING FACILITY THAT OFFERS SENIORS THE ABILITY TO LIVE INDEPENDENTLY WITH ASSISTANCE. PROVIDED 18,087 DAYS OF CARE DURING THE YEAR.
INGLESIDE HOME CARE - PROVIDES COMPANION CARE AND PERSONAL ASSISTANCE SERVICES TO THE ELDERLY IN NEED. THE HOME CARE PROGRAM PROVIDES SERVICE TO ELDERLY CLIENTS IN THE AREAS OF PERSONAL CARE, COMPANIONSHIP, AND HOUSEKEEPING. THERE WERE 24,177 HOURS OF HOME CARE SERVICE PROVIDED DURING THE YEAR. THERE WERE 528 UNITS OF HOUSEKEEPING SERVICES AND 876 UNITS OF LAUNDRY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Garrity Trustee, Chairman | OfficerTrustee | 1 | $0 |
Timothy S Ferry ESQ Trustee, Secretary | OfficerTrustee | 1 | $0 |
Jason P Roebke Trustee | Trustee | 1 | $0 |
Robert Rogers Trustee, Treasurer | OfficerTrustee | 1 | $0 |
Patty Resnik Trustee, Vice Chair | OfficerTrustee | 1 | $0 |
Max Friedman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $914,694 |
| Total Program Service Revenue | $7,577,380 |
| Investment income | $73,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,366 |
| Net Gain/Loss on Asset Sales | -$4,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,627,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $110,177 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,528 |
| Compensation of current officers, directors, key employees. | $139,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,766,547 |
| Pension plan accruals and contributions | $69,718 |
| Other employee benefits | $270,571 |
| Payroll taxes | $292,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,321 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,838 |
| Fees for services: Other | $351,158 |
| Advertising and promotion | $97,803 |
| Office expenses | $164,276 |
| Information technology | $91,134 |
| Royalties | $0 |
| Occupancy | $925,958 |
| Travel | $27,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $157,933 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464,795 |
| Insurance | $253,971 |
| All other expenses | $30,849 |
| Total functional expenses | $8,452,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,059 |
| Savings and temporary cash investments | $395,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $864,467 |
| 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 | $137,890 |
| Net Land, buildings, and equipment | $4,810,490 |
| Investments—publicly traded securities | $62,852 |
| Investments—other securities | $603,391 |
| Investments—program-related | $6,805,806 |
| Intangible assets | $0 |
| Other assets | $2,216,412 |
| Total assets | $17,578,836 |
| Accounts payable and accrued expenses | $642,878 |
| Grants payable | $0 |
| Deferred revenue | $130,865 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $98,923 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,158,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,091,197 |
| Total liabilities | $13,121,870 |
| Net assets without donor restrictions | $2,266,971 |
| Net assets with donor restrictions | $2,189,995 |
| 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 | $17,578,836 |