71 Glenwood Holding Corp
- Assets
- $1.3m
- Revenue
- $72.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Queensbury, NY
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-2850056
Organization Overview
71 Glenwood Holding Corp is located in Queensbury, NY. The organization was established in 2017. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. 71 Glenwood Holding Corp 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 12/2021, 71 Glenwood Holding Corp generated $72.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (51.8%) each year. All expenses for the organization totaled $58.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE PROPERTY FOR BENEFIT OF 501C3 ENTITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Merchant Secretary | 1 | $0 | |
Craig Seybolt Presidenttreasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $34,347 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $14,078 |
| Taxes | $275 |
| Depreciation | $22,250 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,653 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $58,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,342 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,191,199 |
| Other assets | $122,044 |
| Total assets | $1,321,585 |
| 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 | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Renewal Housing Development Fund Corporation New York, NY | $300,253,945 | $3,393,057 |
Jpc Affordable Housing Foundation Inc Newark, NJ | $16,189,985 | $7,541,928 |
Rth Mission Park Realty Corporation Boston, MA | $107,143,093 | $17,493,070 |
Presbyterian Seniorcare Foundation Oakmont, PA | $8,697,066 | $4,349,220 |
Jasa Housing Management Services For The Aged Inc New York, NY | $1,639,951 | $4,107,455 |
N Woodburn Nichols Foundation Inc Groveland, MA | $40,329,040 | $1,703,919 |
Fund For Public Housing Inc New York, NY | $1,013,121 | $2,190,535 |
Kendal New York Sleepy Hollow, NY | $0 | $1,764,852 |
Ehca Foundation Erie, PA | $9,325,618 | $619,289 |
89 South Care Support Inc Pittsfield, MA | $26,959,750 | $1,785,474 |
Pines At Narragansett Housing Development Fund Company Inc Ossining, NY | $1,108,354 | $873,822 |
St Peters Italian Church Housing Development Fund Co Inc Syracuse, NY | $3,862,039 | $1,176,808 |