Union Avenue Apartments Inc
- Assets
- $804.3k
- Revenue
- $284.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Altoona, PA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 25-1828833
Organization Overview
Union Avenue Apartments Inc is located in Altoona, PA. The organization was established in 1999. 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. Union Avenue 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 12/2022, Union Avenue Apartments Inc generated $284.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $148.0k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-COST HOUSING TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNION AVENUE APARTMENTS, INC. IS ORGANIZED TO PROVIDE LOW-COST HOUSING ON A NON-PROFIT BASIS. THE PROJECT IS AN 11-UNIT COMPLEX DESIGNED FOR THE CHRONICALLY MENTALLY ILL AND IS LOCATED IN ALTOONA, PA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex J Seltzer President | Officer | 0 | $0 |
Rev Evelyn L Madison Vice President | Officer | 0 | $0 |
Claire J White Treasurer | Officer | 0 | $0 |
Jennifer Mikolajczyk Secretary | Officer | 0 | $0 |
Joseph G Keller Assistant Secretary | Officer | 0 | $0 |
Rev John L Emig Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,142 |
| 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 | $217,142 |
| Total Program Service Revenue | $32,924 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,543 |
| 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 | $24,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,948 |
| Payroll taxes | $2,015 |
| Fees for services: Management | $9,523 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,075 |
| 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 | $7,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,327 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,068 |
| Insurance | $0 |
| All other expenses | $146 |
| Total functional expenses | $148,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,317 |
| Savings and temporary cash investments | $2,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,342 |
| 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 | $7,746 |
| Net Land, buildings, and equipment | $686,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,675 |
| Total assets | $804,345 |
| Accounts payable and accrued expenses | $8,369 |
| Grants payable | $0 |
| Deferred revenue | $79 |
| 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 | $2,073 |
| Total liabilities | $10,521 |
| Net assets without donor restrictions | -$523,439 |
| Net assets with donor restrictions | $1,317,263 |
| 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 | $804,345 |
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Arundel Community Development Services Inc Annapolis, MD | $42,935,600 | $33,111,572 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
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