Senior Veterans Housing Assoc Inc
- Assets
- $540.1k
- Revenue
- $338.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Ashtabula, OH
- Founding
- 03/1991
- Data as of
- 05/2022
- EIN
- 34-1481270
Organization Overview
Senior Veterans Housing Assoc Inc is located in Ashtabula, OH. The organization was established in 1991. 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 05/2022, Senior Veterans Housing Assoc Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Veterans Housing Assoc 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 05/2022, Senior Veterans Housing Assoc Inc generated $338.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $310.7k during the year ending 05/2022. While expenses have increased by 1.5% per year over the past 7 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 CORPORATION PROVIDES HOUSING FOR ELIGIBLE LOW INCOME ELDERLY/DISABLED PERSONS. THE CORPORATION OPERATES A 25 UNIT APARTMENT UNDER SEC. 207 NATIONAL HOUSING ACT. HUD REGULATES RENT CHARGES & OPERATING METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES HOUSING FOR ELIGIBLE LOW INCOME ELDERLY/DISABLED PERSONS. THE CORPORATION OPERATES A 25 UNIT APARTMENT UNDER SEC. 207 NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES & OPERATING METHODS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Burns Treasurer | Officer | 1 | $0 |
Romel Hanna President | Officer | 1 | $0 |
Luke Sawicki V. President | Officer | 1 | $0 |
Ron Vasinda Secretary | Officer | 1 | $0 |
Barry Meadows Board Member | Trustee | 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 | $338,387 |
| Investment income | $226 |
| 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 | $338,613 |
| 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 | $49,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,769 |
| Payroll taxes | $4,442 |
| Fees for services: Management | $16,845 |
| Fees for services: Legal | $12,930 |
| Fees for services: Accounting | $10,600 |
| 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 | $10,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,108 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,027 |
| Insurance | $5,149 |
| All other expenses | $3,558 |
| Total functional expenses | $310,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,201 |
| Savings and temporary cash investments | $240,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,898 |
| 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 | $13,368 |
| Net Land, buildings, and equipment | $201,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $49,898 |
| Other assets | $7,887 |
| Total assets | $540,091 |
| Accounts payable and accrued expenses | $43,749 |
| Grants payable | $0 |
| Deferred revenue | $1,161 |
| 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 | $877,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,950 |
| Total liabilities | $929,527 |
| Net assets without donor restrictions | -$389,436 |
| 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 | $540,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Church Residences Columbus, OH | $160,821,916 | $104,850,885 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |