Christian Senior Housing Foundation Inc
- Assets
- $11.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1976
- Data as of
- 12/2021
- EIN
- 58-1251085
Organization Overview
Christian Senior Housing Foundation Inc, operating under the name Applewood Towers, is located in Atlanta, GA. The organization was established in 1976. 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. Applewood Towers 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 12/2021, Applewood Towers generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. 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
PROVIDE HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF THREE APARTMENT COMPLEXES FOR THE ELDERLY AND THE SELF-SUFFICIENT HANDICAPPED IN ACCORDANCE WITH THE US DEPARTMENT OF HUD'S SECTION 202 HOUSING PROGRAM.
TO PROVIDE FINANCIAL ASSISTANCE TO OTHER ENTITIES WHOSE PURPOSE IS CHARITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC AS ALLOWED UNDER SECION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph F Glenn Vice President | OfficerTrustee | 0.5 | $0 |
Gerald Eickhoff President | OfficerTrustee | 0.5 | $0 |
Elizabeth C Glenn Secretary | OfficerTrustee | 0.5 | $0 |
M Reynolds Delisle Treasurer | Officer | 0.5 | $0 |
Kim Delacey Director | Trustee | 0.5 | $0 |
Larry Gay Reagin Director | Trustee | 0.5 | $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 | $2,197,523 |
| Investment income | $4,631 |
| 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 | $2,223,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,425,000 |
| 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 | $322,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,541 |
| Payroll taxes | $24,565 |
| Fees for services: Management | $139,886 |
| Fees for services: Legal | $674 |
| Fees for services: Accounting | $48,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,147 |
| Office expenses | $34,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $710,334 |
| Travel | $941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,902 |
| Interest | $187,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,360 |
| Insurance | $86,490 |
| All other expenses | $0 |
| Total functional expenses | $3,098,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,156 |
| Savings and temporary cash investments | $725,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,144,835 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $96,773 |
| Net Land, buildings, and equipment | $366,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,648 |
| Total assets | $11,612,195 |
| Accounts payable and accrued expenses | $98,986 |
| Grants payable | $0 |
| Deferred revenue | $10,476 |
| 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 | $1,806,214 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,947 |
| Total liabilities | $1,978,623 |
| Net assets without donor restrictions | $9,633,572 |
| 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 | $11,612,195 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Senior Housing Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Christian Towers Inc Atlanta, GA PURPOSE: TO PROVIDE SUPPORT TO THE ELDERLY AND HANDICAPPED PERSONS AND ANY CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE CODE. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise Northeast Inc Miami, FL | $3,715,475 | $18,670,620 |
Affordable Housing Preservation Corporation St Augustine, FL | $540,750,555 | $2,294,342 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Nonprofit Housing Preservations Sb Inc Riviera Beach, FL | $13,108,120 | $31,278,179 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Jewish Association For Residential Care Inc Boca Raton, FL | $7,062,896 | $8,370,046 |
Habitat For Humanity Of Greater Miami Inc Miami, FL | $44,913,698 | $17,755,764 |
Contemporary Housing Alternatives Of Florida Inc Clearwater, FL | $42,120,344 | $6,399,709 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Housing And Neighborhood Development Services Of Central Orlando, FL | $22,476,842 | $6,815,149 |