Sherrill-Kenwood Community Retirement Housing Corporation

Organization Overview

Sherrill-Kenwood Community Retirement Housing Corporation is located in Rome, NY. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Sherrill-Kenwood Community Retirement Housing Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherrill-Kenwood Community Retirement Housing 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 06/2021, Sherrill-Kenwood Community Retirement Housing Corporation generated $755.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $644.7k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHERRILL KENWOOD COMMUNITY RETIREMENT HOUSING CORPORATION OFFERS APARTMENT RENTAL TO LOW TO MODERATE INCOME ELDERLY AND HANDICAPPED INDIVIDUALS. THE RENTS ARE FEDERALLY SUBSIDIZED UNDER THE SECTION 8 PROGRAM. THE 80-UNIT PROJECT WAS CONSTRUCTED THROUGH A LOAN FROM FMHA.


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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$719,756
Investment income $962
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 $755,922

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