Dock Village Inc
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Lansdale, PA
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 23-2136449
Organization Overview
Dock Village Inc is located in Lansdale, PA. 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 06/2022, Dock Village Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dock Village 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 06/2022, Dock Village Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $931.7k during the year ending 06/2022. 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
TO PROVIDE LOW-INCOME HOUSING AND SERVICES TO QUALIFIED FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCK VILLAGE, INC., IS A RENTAL-ASSISTANCE APARTMENT COMPLEX THAT SERVES FAMILIES OR INDIVIDUALS OF ANY AGE WHOSE INCOME LEVEL MEETS HUD SUBSIDY REQUIREMENTS. DOCK VILLAGE, INC. INCLUDES TEN (10) ONE-BEDROOM, EIGHTY (80) TWO-BEDROOM APARTMENTS, AND TEN (10) THREE-BEDROOM TOWNHOUSES. FIVE (5) APARTMENTS ARE DESIGNED TO ACCOMMODATE PERSONS WITH PHYSICAL DISABILITIES. FOR FISCAL YEAR ENDING JUNE 30, 2022, THE AVERAGE UNIT OCCUPANCY WAS 96% AND TOTAL RESIDENTS SERVED DURING THE YEAR WAS 274.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth J Clemmer Vice Chair | OfficerTrustee | 0.1 | $0 |
John W Duerksen Chair | OfficerTrustee | 0.1 | $0 |
L Brent Kolb Treasurer | OfficerTrustee | 0.1 | $0 |
Angela S Hackman Secretary | OfficerTrustee | 0.1 | $0 |
J Todd Alderfer MD Director | Trustee | 0.1 | $0 |
Bryan K Hunsberger Director | Trustee | 0.1 | $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 | $1,323,480 |
| Investment income | $14 |
| 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 | $1,531,450 |
| 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 | $202,055 |
| Pension plan accruals and contributions | $9,642 |
| Other employee benefits | $28,172 |
| Payroll taxes | $13,520 |
| Fees for services: Management | $79,822 |
| Fees for services: Legal | $7,683 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90 |
| Fees for services: Other | $181,171 |
| Advertising and promotion | $400 |
| Office expenses | $67,290 |
| Information technology | $7,020 |
| Royalties | $0 |
| Occupancy | $164,589 |
| Travel | $2,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,281 |
| Interest | $2,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,666 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $931,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $443,615 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,357 |
| 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 | $54,941 |
| Net Land, buildings, and equipment | $898,842 |
| Investments—publicly traded securities | $51,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,545,715 |
| Accounts payable and accrued expenses | $33,760 |
| Grants payable | $0 |
| Deferred revenue | $23,084 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,460 |
| 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 | $11,592 |
| Total liabilities | $109,896 |
| Net assets without donor restrictions | $1,435,819 |
| 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 | $1,545,715 |