United Residential Services Inc
- Assets
- $568.5k
- Revenue
- $328.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, NC
- Founding
- 05/1983
- Data as of
- 09/2023
- EIN
- 58-1482333
Organization Overview
United Residential Services Inc is located in Burlington, NC. The organization was established in 1983. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. United Residential Services 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 09/2023, United Residential Services Inc generated $328.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $620.7k during the year ending 09/2023. While expenses have increased by 10.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 40-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN BURLINGTON, NORTH CAROLINA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Syria President And Ceo, Everyage | 0.25 | $0 | |
John White Assistant Treasurer (ended 11/2022) | 0.25 | $0 | |
Tammy Jones Assistant Treasurer (began 2/2023) | 0.25 | $0 | |
Jeannette Breckenridge Assistant Secretary | 0.25 | $0 | |
Cory Tobin Board Chair | 0.25 | $0 | |
Kathy H Wood-Zealy PHD Director | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rogers Lawn Care And Hauling | 9/29/23 | $87,725 |
Everyage | 9/29/23 | $2,296,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $163,508 |
| Interest on Savings | $211 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $165,161 |
| Total Revenue | $328,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $101,736 |
| Pension plans, employee benefits | $236,593 |
| Interest | $0 |
| Taxes | $8,172 |
| Depreciation | $112,130 |
| Occupancy | $76,701 |
| Travel, conferences, and meetings | $1,591 |
| Printing and publications | $0 |
| Other expenses | $75,839 |
| Total operating and administrative expenses | $620,708 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $620,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,950 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $660 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,236 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $423,788 |
| Other assets | $134,851 |
| Total assets | $568,485 |
| Accounts payable and accrued expenses | $76,433 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $292,882 |
| Total liabilities | $369,315 |