Savannah Gardens Senior Residences Inc
- Assets
- $2.8m
- Revenue
- $312.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 27-3400284
Organization Overview
Savannah Gardens Senior Residences Inc is located in Denver, CO. The organization was established in 2012. 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. Savannah Gardens Senior Residences 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, Savannah Gardens Senior Residences Inc generated $312.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $547.4k during the year ending 12/2022. While expenses have increased by 3.8% 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
THE ORGANIZATION WAS FORMED TO OWN AND OPERATE AN APARTMENT PROJECT KNOWN AS SAVANNAH GARDENS SENIOR RESIDENCES. THE PROJECT IS IN SAVANNAH, GEORGIA AND PROVIDES HOUSING AND SERVICES TO LOW-INCOME, ELDERLY, AND DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVANNAH GARDENS SENIOR RESIDENCES, INC., A GEORGIA NON-PROFIT CORPORATION, WAS FORMED ON AUGUST 13, 2010 FOR THE PURPOSE OF DEVELOPING, OWNING, CONSTRUCTING, AND OPERATING A 40-UNITAPARTMENT COMPLEX OPERATING UNDER THE NAME OF SAVANNAH GARDENS SENIOR RESIDENCES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN SAVANNAH, GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anyeka Wallace Director | Trustee | 1 | $0 |
Bobby Artis Director | Trustee | 1 | $0 |
Elaine Williams Director | Trustee | 1 | $0 |
Joseph Rosenblum Secretary/director | OfficerTrustee | 1 | $0 |
Ronit Hoffer Director | Trustee | 1 | $0 |
Selena Freeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,905 |
| 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 | $163,905 |
| Total Program Service Revenue | $148,646 |
| Investment income | $16 |
| 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 | $312,567 |
| 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 | $85,210 |
| Pension plan accruals and contributions | $1,554 |
| Other employee benefits | $35,819 |
| Payroll taxes | $5,040 |
| Fees for services: Management | $30,330 |
| Fees for services: Legal | $126 |
| Fees for services: Accounting | $13,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,176 |
| Advertising and promotion | $15 |
| Office expenses | $10,420 |
| Information technology | $1,371 |
| Royalties | $0 |
| Occupancy | $62,803 |
| Travel | $3,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,837 |
| Insurance | $0 |
| All other expenses | $2,335 |
| Total functional expenses | $547,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,450 |
| 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 | $11,260 |
| Net Land, buildings, and equipment | $2,497,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,949 |
| Total assets | $2,807,469 |
| Accounts payable and accrued expenses | $130,466 |
| Grants payable | $0 |
| Deferred revenue | $2,726 |
| 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 | $12,349 |
| Total liabilities | $145,541 |
| Net assets without donor restrictions | $2,661,928 |
| 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 | $2,807,469 |