Heritage Home For Women
- Assets
- $18.0m
- Revenue
- $1.9m
- Investments
- $15.9m
- Employees
- 0
- Location
- Schenectady, NY
- Founding
- 10/1949
- Data as of
- 12/2021
- 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 12/2021, Heritage Home For Women generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 4 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
2021
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 | 0 | $0 | |
Dr R J Donahue Trustee | 0 | $0 | |
Judy Schwarz Trustee | 0 | $0 | |
Deborah A Deluke Trustee | 0 | $0 | |
T Greg Sauer Trustee/ipp | 0 | $0 | |
Janet Carmichael Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $339,470 |
| Interest on Savings | $0 |
| Dividends & Interest | $579,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $169,570 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $769,877 |
| Total Revenue | $1,858,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,146,091 |
| Pension plans, employee benefits | $248,240 |
| Interest | $33,046 |
| Taxes | $0 |
| Depreciation | $103,543 |
| Occupancy | $132,354 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $227,567 |
| Total operating and administrative expenses | $1,989,768 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,989,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824 |
| Savings and temporary cash investments | $27,138 |
| Net Accounts receivable | $33,958 |
| 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 | $3,208,549 |
| Net Land, buildings, and equipment | $2,063,769 |
| Other assets | $0 |
| Total assets | $18,008,782 |
| Accounts payable and accrued expenses | $48,602 |
| Grants payable | $0 |
| Deferred revenue | $56,590 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $641,824 |
| Other liabilities | $1,326 |
| Total liabilities | $748,342 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Home For Women has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Karpus Family Foundation Inc Pittsford, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |