Fountainview At College Road Inc is located in Monsey, NY. The organization was established in 1997. 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 12/2019, Fountainview At College Road Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Fountainview At College Road Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $7.1m during the year ending 12/2019. While expenses have increased by 1.8% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE SPECIAL HOUSING NEEDS OF THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING: TO PROVIDE FOR THE HOUSING NEEDS OF THE ELDERLY.
BENEFITING, PROMOTING, AND SUPPORTING QUALIFYING RELIGIOUS CHARITABLE AND EDUCATIONAL ACTIVITIES CONDUCTED BY OR IN CONNECTION WITH CHEVRA LIADY NUSACH HOARY, A RELIGIOUS ORGANIZATION AND THE SOLE MEMBER OF NORTHERN FOUNDATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jacob Tauber Chairman | OfficerTrustee | 0.1 | $0 |
Rabbi Simon Lauber Secretary | OfficerTrustee | 0.1 | $0 |
Gedalia Klein COO | Officer | 3 | $0 |
Morris Klein Executive Dir. | Officer | 6 | $0 |
Michael Nowicki Compliance Offi | Officer | 6 | $0 |
Levi Appel Board Member | Trustee | 0.1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $7,936,085 |
Investment income | $7,461 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $103,200 |
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 | $8,070,650 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $581,533 |
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. | $9,796 |
Compensation of current officers, directors, key employees. | $9,796 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $981,835 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $89,772 |
Payroll taxes | $79,383 |
Fees for services: Management | $0 |
Fees for services: Legal | $13,708 |
Fees for services: Accounting | $28,325 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $429,663 |
Advertising and promotion | $69,411 |
Office expenses | $69,325 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,365,821 |
Travel | $19,541 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $12,590 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $810,683 |
Insurance | $83,188 |
All other expenses | $0 |
Total functional expenses | $7,090,103 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,041,484 |
Savings and temporary cash investments | $1,141,644 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $491,037 |
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 | $67,321 |
Net Land, buildings, and equipment | $18,104,835 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $23,846,321 |
Accounts payable and accrued expenses | $213,228 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $12,674,727 |
Escrow or custodial account liability | $535,891 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $53,634 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,307,272 |
Total liabilities | $14,784,752 |
Net assets without donor restrictions | $9,061,569 |
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 | $23,846,321 |
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