Fourteen Arnold Avenue Corporation
- Assets
- $1.4m
- Revenue
- $69.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Utica, NY
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 22-2378929
Organization Overview
Fourteen Arnold Avenue Corporation is located in Utica, NY. The organization was established in 2009. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fourteen Arnold Avenue Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Fourteen Arnold Avenue Corporation generated $69.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FOURTEEN ARNOLD AVENUE CORPORATION IS TO PROVIDE RENTAL REAL ESTATE FOR THE DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOURTEEN ARNOLD AVENUE CORPORATION IS A NOT FOR PROFIT CORPORATION ORGANIZED FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY LEASED TO AN AFFILIATE - THE ARC, ONEIDA - LEWIS CHAPTER, NYSARC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gassner President | OfficerTrustee | 5 | $0 |
Stephen Caruso Treasurer | OfficerTrustee | 5 | $0 |
Zaida Morell Secretary | OfficerTrustee | 5 | $0 |
Joanna Greco Director | Trustee | 1 | $0 |
David Mathis Director | Trustee | 1 | $0 |
Dr Lawrence Farago Director | Trustee | 1 | $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 | $68,087 |
| Investment income | $1,237 |
| 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 | $69,324 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,183 |
| Insurance | $0 |
| All other expenses | $274 |
| Total functional expenses | $107,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,500 |
| Savings and temporary cash investments | $411,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,434 |
| 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 | $10,687 |
| Net Land, buildings, and equipment | $886,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78 |
| Total assets | $1,390,293 |
| Accounts payable and accrued expenses | $7,500 |
| 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 | $194,428 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $201,928 |
| Net assets without donor restrictions | $1,188,365 |
| 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 | $1,390,293 |
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