Metro Plaza Apartments Incorporated C O Thomas Nolan
- Assets
- $4.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 22-2209064
Organization Overview
Metro Plaza Apartments Incorporated C O Thomas Nolan is located in Binghamton, NY. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Metro Plaza Apartments Incorporated C O Thomas Nolan 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 06/2022, Metro Plaza Apartments Incorporated C O Thomas Nolan generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY AND MOBILITY IMPAIRED, APPROXIMATELY 150 INDIVIDUALS ARE PROVIDED HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Ouderkirk Assistant Secretary | OfficerTrustee | 0.25 | $2,027 |
Shellie Spinelli Secretary | OfficerTrustee | 0.25 | $0 |
Ann Yeager Board Chair | OfficerTrustee | 0.25 | $0 |
Joseph Moran Treasurer | OfficerTrustee | 0.25 | $0 |
Christopher Loughridge Vice Chair | OfficerTrustee | 0.25 | $0 |
Laura Rhinehart Ceo/president | Officer | 6 | $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 | $1,625,628 |
| Investment income | $139 |
| 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 | $1,625,767 |
| 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. | $2,027 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,285 |
| Pension plan accruals and contributions | $5,769 |
| Other employee benefits | $22,120 |
| Payroll taxes | $18,293 |
| Fees for services: Management | $100,881 |
| Fees for services: Legal | $7,152 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,697 |
| Advertising and promotion | $1,296 |
| Office expenses | $27,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249,742 |
| Travel | $1,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,355 |
| Insurance | $53,001 |
| All other expenses | $0 |
| Total functional expenses | $1,025,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,877 |
| Savings and temporary cash investments | $1,538,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $25,346 |
| Net Land, buildings, and equipment | $2,489,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,095,269 |
| Accounts payable and accrued expenses | $20,847 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,501 |
| Total liabilities | $63,348 |
| Net assets without donor restrictions | $4,031,921 |
| 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 | $4,095,269 |
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Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
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Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |