Heritage Home For Women
- Assets
- $15.0m
- Revenue
- $1.8m
- Investments
- $12.9m
- Employees
- 0
- Location
- Schenectady, NY
- Founding
- 10/1949
- Data as of
- 12/2023
- EIN
- 14-1364573
Organization Overview
Heritage Home For Women is located in Schenectady, NY. The organization was established in 1949. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Home For Women 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 12/2023, Heritage Home For Women generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 2.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A PERMANENT RESIDENCE FOR ELDERLY WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fenaroli Trustee/23 S | 1 | $0 | |
Michael Mcpartlon Trustee/24 V | 1 | $0 | |
Patrick Laporta Trustee | 1 | $0 | |
Robert Coan Trustee | 1 | $0 | |
Deborah A Deluke Trustee/24 P | 1 | $0 | |
Karl Griffith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,957 |
| Interest on Savings | $0 |
| Dividends & Interest | $554,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $406,154 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $743,351 |
| Total Revenue | $1,774,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,196,706 |
| Pension plans, employee benefits | $288,463 |
| Interest | $29,728 |
| Taxes | $0 |
| Depreciation | $112,432 |
| Occupancy | $213,096 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $224,888 |
| Total operating and administrative expenses | $2,148,317 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,148,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,150 |
| Savings and temporary cash investments | $42,301 |
| Net Accounts receivable | $25,670 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,145,314 |
| Net Land, buildings, and equipment | $2,050,169 |
| Other assets | $0 |
| Total assets | $15,042,317 |
| Accounts payable and accrued expenses | $87,834 |
| Grants payable | $0 |
| Deferred revenue | $55,535 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $576,205 |
| Other liabilities | $1,657 |
| Total liabilities | $721,231 |