Danish Home For The Aged
- Assets
- $3.7m
- Revenue
- $139.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Crotononhudson, NY
- Founding
- 09/1959
- Data as of
- 12/2021
- EIN
- 13-1762453
Organization Overview
Danish Home For The Aged is located in Crotononhudson, NY. The organization was established in 1959. 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 12/2021, Danish Home For The Aged employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danish Home For The Aged 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 12/2021, Danish Home For The Aged generated $139.6k 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 (18.4%) each year. All expenses for the organization totaled $653.4k during the year ending 12/2021. 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
THE MISSION OF DANISH HOME FOR THE AGED,INC. WAS TO PROVIDE AN INDEPENDENT RETIREMENT RESIDENCE FOR THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANISH HOME FOR THE AGED, INC. RELOCATED RESIDENTS AND CEASED OPERATIONS IN 2020. THE ORGANIZATION HIRED PROFESSIONALS IN CONNECTION TO THE TRANSFER AND SALE OF ASSETS IN 2021. THE ORGANIZATION WILL DISSOLVE UPON THE SALE OF REAL PROPERTY IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik J Andersen Executive Di | Officer | 40 | $151,875 |
Keld Alstrup President | OfficerTrustee | 4 | $0 |
Sven Moller Vice Preside | OfficerTrustee | 2 | $0 |
Paul Moeller Treasurer | OfficerTrustee | 2 | $0 |
Helle Raheem Secretary | OfficerTrustee | 2 | $0 |
John Mark Nielsen Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,700 |
| Total Program Service Revenue | $0 |
| Investment income | $338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,250 |
| Net Gain/Loss on Asset Sales | $4,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,558 |
| 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. | $151,875 |
| Compensation of current officers, directors, key employees. | $37,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,450 |
| Payroll taxes | $24,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,625 |
| Advertising and promotion | $0 |
| Office expenses | $5,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,171 |
| Travel | $4,471 |
| 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 | $40,213 |
| Insurance | $32,848 |
| All other expenses | $0 |
| Total functional expenses | $653,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,748 |
| Savings and temporary cash investments | $3,000,052 |
| 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 | $12,131 |
| Net Land, buildings, and equipment | $502,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,743,151 |
| Accounts payable and accrued expenses | $63,816 |
| 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 | $0 |
| Total liabilities | $63,816 |
| Net assets without donor restrictions | $3,679,335 |
| 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 | $3,743,151 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Danish Home For The Aged has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Faith Home Foundation Amityville, NY PURPOSE: TO SUPPORT ADULT CARE SERVICES | $15,000 |
Faith Home Foundation Amityville, NY PURPOSE: TO SUPPORT ADULT CARE SERVICES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |