Stamford Elderly Housing Corporation
- Assets
- $975.5k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 04/1984
- Data as of
- 09/2023
- EIN
- 06-1083307
Organization Overview
Stamford Elderly Housing Corporation is located in Stamford, CT. The organization was established in 1984. 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. Stamford Elderly Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Stamford Elderly Housing Corporation generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 2.6% 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
TO PROVIDE RESIDENTIAL CARE TO ELDERLY AND DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCOFIELD MANOR PROVIDES RESIDENTIAL CARE TO ELDERLY AND DISABLED INDIVIDUALS WHO COULD NOT RESIDE IN THE COMMUNITY WITHOUT SOME EXTRA HELP. SCOFIELD IS A STATE FUNDED RESIDENTIAL CARE HOME FACILITY THAT CAN ACCOMMODATE 50 RESIDENTS WITH SPECIAL ATTENTION TO SUPERVISED AND INDIVIDUAL CARE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Ostuw President | OfficerTrustee | 1 | $0 |
Vincent Tufo Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Lester Mckoy Board Of Commissioner | Trustee | 1 | $0 |
John Coff Board Of Commissioner | Trustee | 1 | $0 |
Divya Malhotra Board Of Commissioner | Trustee | 1 | $0 |
Sheila Williams-Brown Resident Commissioner | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Culinary Services Llc Food Service | 9/29/21 | $528,007 |
Greenway Maintenance Covid-19- Disinfectant Services | 9/29/21 | $176,631 |
Firstlight Homecare Contracted Nursing Services | 9/29/21 | $109,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,247 |
| Total Program Service Revenue | $2,655,152 |
| Investment income | $1,470 |
| 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 | $2,934,869 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $155,951 |
| Fees for services: Legal | $8,976 |
| Fees for services: Accounting | $21,540 |
| 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 | $72,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,817 |
| Travel | $0 |
| 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 | $29,004 |
| Insurance | $50,071 |
| All other expenses | $978 |
| Total functional expenses | $2,824,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $230,000 |
| Accounts receivable, net | $144,213 |
| 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 | $33,237 |
| Net Land, buildings, and equipment | $323,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $975,535 |
| Accounts payable and accrued expenses | $112,424 |
| 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 | $0 |
| Other liabilities | $398,958 |
| Total liabilities | $511,382 |
| Net assets without donor restrictions | $464,153 |
| 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 | $975,535 |