James Lenox House Inc
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 04/1974
- Data as of
- 03/2022
- EIN
- 51-0181300
Organization Overview
James Lenox House Inc is located in New York, NY. The organization was established in 1974. 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 03/2022, James Lenox House Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James Lenox House 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 03/2022, James Lenox House Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.6m during the year ending 03/2022. 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
JAMES LENOX HOUSE, INC. IS A NOT-FOR-PROFIT RENTAL RESIDENCE FOR OLDER ADULTS IN MANHATTAN. ITS 99 RESIDENTIAL APARTMENTS ARE PROVIDED AT BELOW MARKET RENT TO PERSONS AGE 55 AND OLDER WHO HAVE LIMITED FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAMES LENOX HOUSE, INC. IS A MITCHELL LAMA OLDER ADULT RENTAL HOUSING PROJECT, PURSUANT TO ARTICLE II OF THE NEW YORK STATE HOUSING FINANCE LAW. DURING FY '22, JAMES LENOX HOUSE WAS HOME TO APPROXIMATELY 110 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicola M Heryet President | OfficerTrustee | 2 | $0 |
John Zeltin Vice President | OfficerTrustee | 2 | $0 |
Calvin Marshall Mew Secretary | OfficerTrustee | 2 | $0 |
Joseph H Girven Executive Dir. | Officer | 40 | $0 |
Christopher Trinka Thu 915 Director | Trustee | 2 | $0 |
William T Sullivan Director | Trustee | 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 | $1,657,162 |
| 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 | $1,658,775 |
| 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 | $380,932 |
| Pension plan accruals and contributions | $30,745 |
| Other employee benefits | $131,067 |
| Payroll taxes | $27,493 |
| Fees for services: Management | $83,919 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,152 |
| Advertising and promotion | $0 |
| Office expenses | $7,593 |
| 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 | $101,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,422 |
| Insurance | $183,255 |
| All other expenses | $16,208 |
| Total functional expenses | $1,599,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,074 |
| Savings and temporary cash investments | $597,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,371 |
| 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 | $167,129 |
| Net Land, buildings, and equipment | $1,783,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,829,424 |
| Accounts payable and accrued expenses | $4,760 |
| Grants payable | $0 |
| Deferred revenue | $39,208 |
| 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 | $2,477,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,399 |
| Total liabilities | $2,647,575 |
| Net assets without donor restrictions | $181,849 |
| 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 | $2,829,424 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that James Lenox House Inc has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
John And Barbara Samuelson Foundation Inc New York, NY PURPOSE: UNRESTRICTED | $5,000 |
The Vidda Foundation New York, NY PURPOSE: HEALTH AND WELLNESS PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $2,193,216 |
| Earnings | -$305,257 |
| Net Contributions | $10,000 |
| Other Expense | $90,039 |
| Ending Balance | $1,807,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |