Ridgewood Seniors Community Corporation
- Assets
- $1.2m
- Revenue
- $227.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Ridgewood, NY
- Founding
- 10/1984
- Data as of
- 06/2021
- EIN
- 11-2662994
Organization Overview
Ridgewood Seniors Community Corporation is located in Ridgewood, NY. The organization was established in 1984. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Ridgewood Seniors Community Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewood Seniors Community Corporation 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, Ridgewood Seniors Community Corporation generated $227.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $167.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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 HOLD REAL ESTATE IN ORDER TO FURTHER THE MISSION AND ACTIVITIES OF THE PETER CARDELLA SENIOR CITIZEN CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASING OF ORGANIZATION OWNED FACILITIES TO FURTHER THE MISSION AND ACTIVITIES OF THE PETER CARDELLA SENIOR CITIZEN CENTER, INC.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Toscano Director | Trustee | 1 | $18,844 |
Vincent Aliperti Trustee | OfficerTrustee | 3 | $0 |
Joseph Ferretti President | OfficerTrustee | 10 | $0 |
Kathleen Ferretti Treasurer | OfficerTrustee | 5 | $0 |
Toniann Grande Advisor | OfficerTrustee | 3 | $0 |
Giovanni Toscano Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $562 |
| 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 | $227,218 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $21,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,100 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,658 |
| 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 | $34,673 |
| Insurance | $16,214 |
| All other expenses | $0 |
| Total functional expenses | $167,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,962 |
| Savings and temporary cash investments | $314,484 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,905 |
| Total assets | $1,182,874 |
| Accounts payable and accrued expenses | $5,312 |
| 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 | $23,000 |
| Total liabilities | $28,312 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,154,562 |
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