Penn Apartments Corporation
- Assets
- $187.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- York, PA
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 23-2690315
Organization Overview
Penn Apartments Corporation is located in York, PA. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Apartments Corporation 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 12/2023, Penn Apartments Corporation generated $71.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $67.5k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MAINTAINED 7 APARTMENT UNITS FOR RENTAL THROUGHOUT THE YEAR WHICH WERE RENTED TO LOW-INCOME CHRONICALLY MENTALLY ILL PERSONS WHO HAVE DEMONSTRATED THE ABILITY TO LIVE INDEPENDENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Patterson Chairman | 0.5 | $0 | |
Dr Annette Logan Secretary/treasurer | 0.5 | $0 | |
Anthony Schweitzer Executive Director | 0.5 | $0 | |
Vicki Miller Director | 0.5 | $0 | |
Shane Aughenbaugh Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $69,239 |
| Membership dues | $0 |
| Investment income | $139 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,845 |
| Total Revenue | $71,223 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,905 |
| Occupancy, rent, utilities, and maintenance | $12,802 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,769 |
| Total expenses | $67,476 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,685 |
| Other assets | $0 |
| Total assets | $187,058 |
| Total liabilities | $412,884 |
| Net assets or fund balances | -$225,826 |