Epworth Village Inc
- Assets
- $13.9m
- Revenue
- $479.5k
- Investments
- $11.8m
- Employees
- 0
- Location
- Hialeah, FL
- Founding
- 04/1950
- Data as of
- 06/2022
- EIN
- 59-0589990
Organization Overview
Epworth Village Inc is located in Hialeah, FL. The organization was established in 1950. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Epworth Village 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, Epworth Village Inc generated $479.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $358.3k during the year ending 06/2022. While expenses have increased by 8.7% 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
ADVANCE AND PROMOTE THE INTEREST AND WELFARE OF ELDERLY PERSONS AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EPWORTH VILLAGE, INC. UNDERTAKES FUND RAISING ACTIVITIES TO BENEFIT RELATED 501(C)(3) ORGANIZATIONS THAT OPERATE A RETIREMENT LIVING FACILITY AND SKILLED NURSING FACILITY IN HIALEAH, FLORIDA. IN THE CURRENT YEAR, $47,372 WAS CONTRIBUTED TO INDIVIDUAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madelyn Simon Lozano Executive Director | OfficerTrustee | 10 | $0 |
Belinda Bacon Chair | OfficerTrustee | 5 | $0 |
Rev Ruben Velasco Vice-Chair | OfficerTrustee | 5 | $0 |
Rev Cynthia Weems Director | Trustee | 5 | $0 |
Judith Pierre-Okerson Director | Trustee | 5 | $0 |
Gertrude Stewart Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,953 |
| Total Program Service Revenue | $0 |
| Investment income | $423,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$319,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $479,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,000 |
| Grants and other assistance to domestic individuals. | $47,372 |
| 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 | $40,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,227 |
| Fees for services: Other | $420 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $40,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,577 |
| All other expenses | $7,595 |
| Total functional expenses | $358,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,847,305 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,987,915 |
| Total assets | $13,901,435 |
| Accounts payable and accrued expenses | $142,465 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $2,360,001 |
| Other liabilities | $0 |
| Total liabilities | $2,502,466 |
| Net assets without donor restrictions | $10,302,055 |
| Net assets with donor restrictions | $1,096,914 |
| 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 | $13,901,435 |