Home For The Aged-Altenheim
- Assets
- $13.5m
- Revenue
- $609.3k
- Investments
- $7.3m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 03/1942
- Data as of
- 12/2022
- EIN
- 55-0371584
Organization Overview
Home For The Aged-Altenheim is located in Wheeling, WV. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home For The Aged-Altenheim 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 12/2022, Home For The Aged-Altenheim generated $609.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $688.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
OPERATES A PERSONAL CARE FACILITY FOR THE AGED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dakovic Executive Director | 40 | $67,153 | |
Mr David Ransom Board Member | 1 | $0 | |
Mr John Wensyel Vice-President | 1 | $0 | |
Mr Robert Shilling Board Member | 1 | $0 | |
Mr Tim Reed Secretary | 1 | $0 | |
Mrs Connie Myer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $302 |
| Dividends & Interest | $154,418 |
| Net Rental Income | $23,044 |
| Net Gain on Sale of Assets | $306,248 |
| Capital Gain Net Income | $306,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $609,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,153 |
| Other employee salaries and wages | $122,327 |
| Pension plans, employee benefits | $9,748 |
| Interest | $0 |
| Taxes | $30,051 |
| Depreciation | $164,987 |
| Occupancy | $28,133 |
| Travel, conferences, and meetings | $46 |
| Printing and publications | $0 |
| Other expenses | $254,224 |
| Total operating and administrative expenses | $688,608 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $688,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,751 |
| Savings and temporary cash investments | $198,148 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,360 |
| Net Investments - land, buildings, equipment | $4,851,199 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $541,095 |
| Other assets | $0 |
| Total assets | $13,539,960 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,161 |
| Total liabilities | $19,161 |