The Lena And David T Wilentz Senior Residence Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Somerset, NJ
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 22-2289444
Organization Overview
The Lena And David T Wilentz Senior Residence Inc is located in Somerset, NJ. The organization was established in 1980. 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. As of 12/2021, Lena And David T Wilentz Senior Residence Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lena And David T Wilentz Senior Residence Inc 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, Lena And David T Wilentz Senior Residence Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILENTZ SENIOR RESIDENCE IS A 100 APARTMENT FEDERALLY SUBSIDIZED LOW INCOME SENIOR HOUSING FACILITY. ALL OF THE RESIDENTS PAY APPROXIMATELY 30% OF THEIR INCOME IN RENT. WILENTZ PROVIDED MEALS, HOUSEKEEPING AND PERSONAL ASSISTANCE THROUGH A STATE FUNDED PROGRAM CALLED CONGREGATE HOUSING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Weissman Executive Director | OfficerTrustee | 48 | $94,247 |
Robert Barry Campus President/ceo | OfficerTrustee | 7 | $0 |
Maria Mercado Director Of Hr - Left May 2021 | OfficerTrustee | 16 | $0 |
Neil Weiss Assistant Treasurer | OfficerTrustee | 2 | $0 |
Ivan Greenstein Treasurer | OfficerTrustee | 2 | $0 |
Kalman Miller President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,888 |
| 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 | $46,888 |
| Total Program Service Revenue | $1,798,971 |
| Investment income | $55 |
| 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 | $1,851,075 |
| 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. | $94,372 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,879 |
| Payroll taxes | $38,123 |
| Fees for services: Management | $54,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,405 |
| Fees for services: Lobbying | $133 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,772 |
| Advertising and promotion | $7,051 |
| Office expenses | $26,839 |
| Information technology | $16,917 |
| Royalties | $0 |
| Occupancy | $330,271 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,755 |
| Interest | $129,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,217 |
| Insurance | $1,878 |
| All other expenses | $2,457 |
| Total functional expenses | $1,722,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,883 |
| Savings and temporary cash investments | $26,654 |
| Pledges and grants receivable | $22,788 |
| Accounts receivable, net | $9,589 |
| 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 | $15,075 |
| Net Land, buildings, and equipment | $1,807,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,039,916 |
| Accounts payable and accrued expenses | $27,426 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,654 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,010,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $263,140 |
| Total liabilities | $3,327,394 |
| Net assets without donor restrictions | -$1,287,478 |
| 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 | $2,039,916 |
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