Saint Elizabeth Place Providence
- Assets
- $5.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Providence, RI
- Founding
- 09/1981
- Data as of
- 06/2023
- EIN
- 05-0392246
Organization Overview
Saint Elizabeth Place Providence, operating under the name Saint Elizabeth Apartments For Seniors And Mobility-Impaired, is located in Providence, RI. The organization was established in 1981. 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. As of 06/2023, Saint Elizabeth Apartments For Seniors And Mobility-Impaired employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Elizabeth Apartments For Seniors And Mobility-Impaired 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 06/2023, Saint Elizabeth Apartments For Seniors And Mobility-Impaired generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS INCURRED IN CONNECTION WITH PROVIDING HOUSING TO THE ELDERLY UNDER SECTION 8 OF THE NATIONAL HOUSING ACT AND OTHER SUPPORTIVE SERVICES.
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 |
|---|---|---|---|
Philip C Slocum Trustee | Trustee | 2 | $0 |
Craig W Carpenter Immediate Past Chair | OfficerTrustee | 2 | $0 |
Steven W Tilley Chair | OfficerTrustee | 2 | $0 |
Claire C Flaherty Vice Chair | OfficerTrustee | 2 | $0 |
Steven H Kitchin Treasurer | OfficerTrustee | 2 | $0 |
Judy W Vigar Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,195,822 |
| 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 | $2,195,822 |
| Total Program Service Revenue | $458,438 |
| Investment income | $7,503 |
| 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 | $2,684,452 |
| 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 | $552,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,699 |
| Payroll taxes | $41,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,586 |
| Advertising and promotion | $9,153 |
| Office expenses | $44,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $422,831 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,600 |
| Interest | $541,835 |
| Payments to affiliates | $160,000 |
| Depreciation, depletion, and amortization | $299,917 |
| Insurance | $129,148 |
| All other expenses | $0 |
| Total functional expenses | $2,542,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,850 |
| Savings and temporary cash investments | $1,470,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,598 |
| 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 | $122,416 |
| Net Land, buildings, and equipment | $2,864,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $298,633 |
| Total assets | $4,983,690 |
| Accounts payable and accrued expenses | $1,060,058 |
| 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 | $11,366,405 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,320 |
| Total liabilities | $12,485,783 |
| Net assets without donor restrictions | -$7,502,093 |
| 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 | $4,983,690 |