Saugatucket Springs Inc
- Assets
- $5.0m
- Revenue
- $457.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 11/2003
- Data as of
- 06/2021
- EIN
- 04-3733576
Organization Overview
Saugatucket Springs Inc is located in Providence, RI. The organization was established in 2003. 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. Saugatucket Springs 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 06/2021, Saugatucket Springs Inc generated $457.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $636.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING IN HOPKINTON, RHODE ISLAND FOR SENIOR CITIZENS AND THE DISABLED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE HOPKINTON, RI AREA UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. OWNS AND OPERATES A 53 UNIT APARTMENT COMPLEX.
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 |
|---|---|---|---|
Julia Bush Chair | OfficerTrustee | 0.5 | $0 |
Valerie Talmage Treas And Sec | OfficerTrustee | 0.5 | $0 |
James Comer President | Officer | 1 | $0 |
Ann Sabbagh Director | Trustee | 0.5 | $0 |
Barbara Colt Director | Trustee | 0.5 | $0 |
Stephanie Zurek Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,409 |
| 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 | $218,409 |
| Total Program Service Revenue | $238,393 |
| Investment income | $241 |
| 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 | $457,043 |
| 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 | $129,101 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $40,879 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $12,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,990 |
| Travel | $2,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,663 |
| Insurance | $31,291 |
| All other expenses | $0 |
| Total functional expenses | $636,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,580 |
| Savings and temporary cash investments | $199,270 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $787 |
| 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 | $23,305 |
| Net Land, buildings, and equipment | $4,809,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,034,094 |
| Accounts payable and accrued expenses | $54,535 |
| 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 | $7,028,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,620 |
| Total liabilities | $7,102,355 |
| Net assets without donor restrictions | -$2,068,261 |
| 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 | $5,034,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
Mclean Affiliates Inc Simsbury, CT | $119,028,138 | $28,380,962 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Glenmeadow Inc Longmeadow, MA | $50,902,339 | $16,994,268 |
Alliance Health Of Southeastern Massachusetts Inc Southborough, MA | $17,238,136 | $13,319,734 |
Holyoke Retirement Community Inc Pittsfield, MA | $12,240,165 | $13,296,777 |
2life Communities Inc Brighton, MA | $57,717,629 | $7,095,673 |