Ridgewood Senior Citizens Housing Corporation Inc
- Assets
- $14.3m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Ridgewood, NJ
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 22-2295826
Organization Overview
Ridgewood Senior Citizens Housing Corporation Inc is located in Ridgewood, 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, Ridgewood Senior Citizens Housing Corporation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewood Senior Citizens Housing Corporation 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, Ridgewood Senior Citizens Housing Corporation Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
RIDGEWOOD SENIOR CITIZENS HOUSING CORPORATION, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN 1976 TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN RIDGEWOOD, NEW JERSEY AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 130 UNITS, UNDER SECTION 202 AND SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN 2005, THE CORPORATION ISSUED PRIVATE BONDS TO FUND VARIOUS CAPITAL PROJECTS, PAY OFF ITS ORIGINAL HUD MORTGAGE, AND REDUCE ITS MORTGAGE RELATED EXPENDITURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR CITIZENS HOUSING APARTMENT COMPLEX FOR LOW INCOME SENIOR CITIZENS AND LOW INCOME DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Philips Vice President | OfficerTrustee | 4 | $0 |
Gaby Wilday Treasurer | OfficerTrustee | 4 | $0 |
Jeannie Harris President | OfficerTrustee | 4 | $0 |
Digby Wirtz Trustee | Trustee | 4 | $0 |
Angela Funk Trustee | Trustee | 4 | $0 |
Richard Barclay Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,097,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,138,882 |
| Total Program Service Revenue | $370,126 |
| Investment income | $5,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,854,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,378,019 |
| 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 | $137,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,589 |
| Payroll taxes | $14,517 |
| Fees for services: Management | $77,131 |
| Fees for services: Legal | $1,018 |
| Fees for services: Accounting | $24,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,109 |
| Advertising and promotion | $0 |
| Office expenses | $23,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $417,490 |
| Travel | $0 |
| 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 | $139,924 |
| Insurance | $36,350 |
| All other expenses | $0 |
| Total functional expenses | $1,172,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,252,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,997 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,254,689 |
| Accounts payable and accrued expenses | $105,551 |
| 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 | $0 |
| Total liabilities | $105,551 |
| Net assets without donor restrictions | $14,149,138 |
| 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 | $14,254,689 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ridgewood Senior Citizens Housing Corporation Inc has recieved totaling $8,487.
| Awarding Organization | Amount |
|---|---|
Table To Table Inc Hasbrouck Heights, NJ PURPOSE: FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES | $8,376 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |