St Joseph Apartments Inc
- Assets
- $7.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Erie, PA
- Founding
- 02/1978
- Data as of
- 09/2021
- EIN
- 25-1315648
Organization Overview
St Joseph Apartments Inc is located in Erie, PA. The organization was established in 1978. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. St Joseph Apartments 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 09/2021, St Joseph Apartments Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. 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
TO PROVIDE AND MAINTAIN AFFORDABLE APARTMENT HOMES FOR THE ELDERLY AND NON-ELDERLY PHYSICALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JOSEPH APARTMENTS, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGBORHOOD DEVELOPMENT SERVICE (HANDS), PROVIDES 202 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING UNITS TO VERY-LOW, LOW AND MODERATE INCOME ELDERLY AND NON-ELDERLY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Richardson Vice Chairman | OfficerTrustee | 1 | $0 |
Sherry Bauer Treasurer | OfficerTrustee | 1 | $0 |
William Steger Chairman | OfficerTrustee | 1 | $0 |
Sister Marianne Stuckert Secretary | OfficerTrustee | 1 | $0 |
Joe Bloomstine Member | Trustee | 1 | $0 |
Almi Clerkin Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $641,220 |
| 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 | $641,220 |
| Total Program Service Revenue | $871,009 |
| Investment income | $135,458 |
| 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 | $1,687,346 |
| 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 | $169,249 |
| Fees for services: Legal | $2,966 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,782 |
| Fees for services: Other | $82,553 |
| Advertising and promotion | $3,126 |
| Office expenses | $20,730 |
| Information technology | $20,056 |
| Royalties | $0 |
| Occupancy | $464,276 |
| Travel | $264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,045 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,332,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,469 |
| Savings and temporary cash investments | $3,895,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,644 |
| 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 | $114,696 |
| Net Land, buildings, and equipment | $3,420,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,098 |
| Other assets | $0 |
| Total assets | $7,548,548 |
| Accounts payable and accrued expenses | $431,966 |
| Grants payable | $0 |
| Deferred revenue | $12,302 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $75,287 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,257,943 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,417 |
| Total liabilities | $1,807,915 |
| Net assets without donor restrictions | $5,740,633 |
| 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 | $7,548,548 |
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