Georgian Court Estates Senior Housing Co
- Assets
- $1.2m
- Revenue
- $311.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New Hartford, NY
- Founding
- 03/2007
- Data as of
- 12/2018
- EIN
- 20-4288247
Organization Overview
Georgian Court Estates Senior Housing Co is located in New Hartford, NY. The organization was established in 2007. 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. Georgian Court Estates Senior Housing Co 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 12/2018, Georgian Court Estates Senior Housing Co generated $311.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $270.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
APARTMENTS WITHOUT NURSING CARE FOR SENIORS WHO ARE 62 YEARS OF AGE OR OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION LEASES MULTI-UNIT APARTMENTS TO INDIVIDUALS 62 YEARS OF AGE AND OLDER WHO CAN CARE FOR THEMSELVES. INCLUDED SERVICES ARE SOCIAL PROGRAMMING, FIRE ALARM SYSTEM, AND MAINTENANCE & GROUNDS UPKEEP. SERVICES PROVIDED AS NEEDED ARE LAUNDRY & HOUSEKEEPING SERVICES, MEALS, AND TRANSPORTATION. IN 2018, GEORGIAN COURT ESTATES' TOTAL RESIDENT DAYS WERE 7596 WITH A TOTAL OF 27 SENIORS SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Silverman Chairman | OfficerTrustee | 1 | $0 |
Dr Susan Blatt Vice Chairman | OfficerTrustee | 1 | $0 |
Michael Cominsky Treasurer | OfficerTrustee | 1 | $0 |
Marsha Silverman Secretary | OfficerTrustee | 1 | $0 |
Christa L Serafin Chief Executive Officer | Officer | 1 | $0 |
Patricia Hays Administrator | Officer | 2 | $0 |
Financial Statements
| 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 | $298,081 |
| Investment income | $0 |
| 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 | $311,120 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,000 |
| Fees for services: Legal | $11,331 |
| Fees for services: Accounting | $8,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,020 |
| Office expenses | $1,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,625 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,591 |
| Insurance | $11,213 |
| All other expenses | $0 |
| Total functional expenses | $270,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $15,397 |
| Net Land, buildings, and equipment | $1,100,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,158,620 |
| Accounts payable and accrued expenses | $29,281 |
| 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 | $617,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $515,475 |
| Total liabilities | $1,162,503 |
| Unrestricted restricted net Assets | -$3,883 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$3,883 |
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Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |