St Nicholas Home Inc
- Assets
- $687.3k
- Revenue
- $345.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/1975
- Data as of
- 10/2021
- EIN
- 11-6263923
Organization Overview
St Nicholas Home Inc is located in Brooklyn, NY. The organization was established in 1975. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Nicholas Home 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 10/2021, St Nicholas Home Inc generated $345.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $413.7k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (17.2%) 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
NOT FOR PROFIT SERVING THE ELDERLY POPULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT FOR PROFIT SERVING THE ELDERLY POPULATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
12 Directors Directors | Trustee | 1 | $0 |
George Prezioso Treasurer | Officer | 1 | $0 |
Joseph M Elhihow General Council | Officer | 1 | $0 |
Edward Mafoud Chairman | Officer | 1 | $0 |
Nizar Khoury Secretary | Officer | 1 | $0 |
Joseph Bassil Vice-Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,618 |
| 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 | $345,346 |
| 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 | $69,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,414 |
| Payroll taxes | $5,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,052 |
| Fees for services: Accounting | $12,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,992 |
| Advertising and promotion | $0 |
| Office expenses | $7,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,573 |
| 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 | $80,624 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $413,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,265 |
| Savings and temporary cash investments | $31,022 |
| 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 | $56,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,977 |
| Total assets | $687,298 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $1,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,631 |
| Total liabilities | $1,833,631 |
| Net assets without donor restrictions | -$1,346,333 |
| Net assets with donor restrictions | $200,000 |
| 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 | -$1,146,333 |