St Lukes Apartments Inc
- Assets
- $2.9m
- Revenue
- $995.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Timonium, MD
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 52-1771022
Organization Overview
St Lukes Apartments Inc is located in Timonium, MD. The organization was established in 1992. 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. St Lukes Apartments 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, St Lukes Apartments Inc generated $995.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 1.7% 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
TO PROVIDE AFFORDABLE, SUPPORTIVE COMMUNITIES FOR OLDER ADULTS WITH A RESOLVE TO NURTURE A SPIRIT OF PURPOSE, WELLNESS, AND HARMONY AMONG BOTH OUR RESIDENTS AND COLLEAGUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE, SUPPORTIVE COMMUNITIES FOR OLDER ADULTS WITH A RESOLVE TO NURTURE A SPIRIT OF PURPOSE, WELLNESS, AND HARMONY AMONG BOTH OUR RESIDENTS AND COLLEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Mccarthy Jr Secretary | OfficerTrustee | 1 | $0 |
Scott W Becker Treasurer (through February 6, 2022) | Officer | 1 | $0 |
Mary Choplick Director Senior Communities | Officer | 1 | $0 |
Aileen Tinney Vice President | Officer | 1 | $0 |
Most Rev Adam Parker Director | Trustee | 1 | $0 |
Archbishop William E Lori Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $499,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,311 |
| Total Program Service Revenue | $495,838 |
| Investment income | $1,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,721 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $995,734 |
| 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 | $269,860 |
| Pension plan accruals and contributions | $10,017 |
| Other employee benefits | $51,101 |
| Payroll taxes | $19,693 |
| Fees for services: Management | $102,426 |
| Fees for services: Legal | $3,931 |
| Fees for services: Accounting | $20,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,127 |
| Advertising and promotion | $10,263 |
| Office expenses | $13,268 |
| Information technology | $7,940 |
| Royalties | $0 |
| Occupancy | $398,130 |
| Travel | $3,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,964 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,982 |
| Insurance | $7,386 |
| All other expenses | $1,807 |
| Total functional expenses | $1,164,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $82,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,420 |
| 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 | $7,463 |
| Net Land, buildings, and equipment | $2,309,674 |
| Investments—publicly traded securities | $463,358 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,885,660 |
| Accounts payable and accrued expenses | $176,424 |
| Grants payable | $0 |
| Deferred revenue | $8,892 |
| 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 | $7,129,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,654 |
| Total liabilities | $7,366,970 |
| Net assets without donor restrictions | -$4,481,310 |
| 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 | $2,885,660 |