St Marks Terrace Housing Development Fund Corporation
- Assets
- $968.2k
- Revenue
- $839.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Penn Yan, NY
- Founding
- 09/1969
- Data as of
- 12/2021
- EIN
- 16-0958516
Organization Overview
St Marks Terrace Housing Development Fund Corporation is located in Penn Yan, NY. The organization was established in 1969. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, St Marks Terrace Housing Development Fund Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marks Terrace Housing Development Fund Corporation 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, St Marks Terrace Housing Development Fund Corporation generated $839.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $792.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SECURE AND HOSPITABLE ENVIRONMENT THAT ENABLES ITS RESIDENTS TO MAINTAIN DIGNITY AND INDEPENDENCE, WITH ACCESS TO HEALTH CARE SERVICES, AS WELL AS SOCIAL, RECREATIONAL AND SPIRITUAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROGRAM: TO PROVIDE AFFORDABLE AND SAFE HOUSING FOR LOW INCOME SENIORS IN PENN YAN, NEW YORK, THAT IS NEAR LOCAL AMENITIES SUCH AS GROCERY STORES, BANKS, CHURCHES, PUBLIC LIBRARY, POST OFFICE, PHARMACIES, RESTAURANTS AND SHOPPING DISTRICT ATTRACTS MANY SENIORS WHO MAY NO LONGER DESIRE TO DRIVE. TENANTS MUST BE 62 YEARS OF AGE OR OLDER AND ARE ABLE TO MANAGE LIVING INDEPENDENTLY. RENTAL SUBSIDY MAY BE AVAILABLE FOR THOSE WHO QUALIFY. 101 TENANTS SERVED.
ENRICHED HOUSING PROGRAM: THIS IS A NON-MEDICAL PROGRAM CERTIFIED BY THE NEW YORK STATE DEPARTMENT OF HEALTH; IT IS OFFERED TO TENANTS WHO ARE LIVING INDEPENDENTLY AT ST. MARK'S TERRACE, BUT SOME ASSISTANCE WITH DAILY LIVING NEEDS. ENRICHED HOUSING IS A LONG-TERM PROGRAM THAT PROVIDES THE FOLLOWING SERVICES: CASE MANAGEMENT, DAILY GROUP MEALS, GROCERY SHOPPING, LAUNDRY, HOUSEKEEPING, MEDICATION REMINDERS, PERSONAL CARE, SOCIAL/EMOTIONAL SUPPORT, ACTIVITIES AND ARRANGEMENT OF TRANSPORTATION TO MEDICAL APPOINTMENTS. 14 TENANTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Hafleigh Administrator | Officer | 20 | $43,503 |
Karen Christiansen Secretary | OfficerTrustee | 0.5 | $0 |
Edward Schultz President | OfficerTrustee | 0.5 | $0 |
Carolyn Hopkins Treasurer | OfficerTrustee | 0.5 | $0 |
Anne Wolden Board Member | Trustee | 0.5 | $0 |
Jim Henderson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,125 |
| 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 | $89,125 |
| Total Program Service Revenue | $655,687 |
| Investment income | $1,363 |
| 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 | $839,562 |
| 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. | $58,162 |
| Compensation of current officers, directors, key employees. | $58,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,663 |
| Pension plan accruals and contributions | $5,191 |
| Other employee benefits | $38,564 |
| Payroll taxes | $28,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,795 |
| Office expenses | $11,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,729 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,158 |
| Insurance | $41,047 |
| All other expenses | $0 |
| Total functional expenses | $792,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,347 |
| Savings and temporary cash investments | $397,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64 |
| 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 | $8,400 |
| Net Land, buildings, and equipment | $423,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,536 |
| Total assets | $968,150 |
| Accounts payable and accrued expenses | $30,833 |
| 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 | $6,104 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,536 |
| Total liabilities | $78,473 |
| Net assets without donor restrictions | $889,677 |
| 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 | $968,150 |