Senior Isle Inn Inc
- Assets
- $385.8k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 47
- Location
- New York, NY
- Founding
- 03/2001
- Data as of
- 06/2023
- EIN
- 13-4052538
Organization Overview
Senior Isle Inn Inc is located in New York, NY. The organization was established in 2001. 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 06/2023, Senior Isle Inn Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Isle Inn 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 06/2023, Senior Isle Inn Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN INDEPENDENT SENIOR LIVING FACILITY THAT PROVIDES LODGING, RECREATIONAL AND HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR ISLES INN ("SII") OPERATES ONE SENIOR RESIDENCE, CALLED ISLAND SHORES SENIOR RESIDENCES ("ISLAND SHORES"), THAT PROVIDE AN INDEPENDENT-LIVING RESIDENCE AND OTHER SUPPORTING SERVICES, INCLUDING MEALS, HOUSEKEEPING, AND VARIOUS RECREATIONAL AND EDUCATIONAL AMENITIES. AS NECESSARY, SII ALSO ASSISTS RESIDENTS IN OBTAINING EASILY ACCESSIBLE MEDICAL AND PHARMACEUTICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Webb Chairman | OfficerTrustee | 2 | $0 |
Steven Cohen Secretary | OfficerTrustee | 2 | $0 |
Michael Kalmus Treasurer | OfficerTrustee | 2 | $0 |
David Jones Director (thru 06/2023) | Trustee | 2 | $0 |
Richard Finkelstein Director | Trustee | 2 | $0 |
Susanne Hurowitz Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ambassador Food Services Corp Food Services | 6/29/20 | $1,416,887 |
Spectrum Reach Advertising | 6/29/20 | $216,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,196,255 |
| 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 | $1,196,255 |
| Total Program Service Revenue | $797,606 |
| Investment income | $265 |
| 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 | $1,994,143 |
| 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 | $540,365 |
| Pension plan accruals and contributions | $25,509 |
| Other employee benefits | $69,235 |
| Payroll taxes | $41,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,625 |
| Advertising and promotion | $539 |
| Office expenses | $446,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,858 |
| Travel | $26,119 |
| 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 | $247,027 |
| Insurance | $152,075 |
| All other expenses | $328 |
| Total functional expenses | $2,079,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,522 |
| Savings and temporary cash investments | $2,430 |
| 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 | $7,705 |
| Net Land, buildings, and equipment | $360,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $385,782 |
| Accounts payable and accrued expenses | $59,656 |
| 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 | $450,309 |
| Total liabilities | $509,965 |
| Net assets without donor restrictions | -$124,183 |
| 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 | $385,782 |