Menorah Center Inc
- Assets
- $5.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 11
- Location
- St Petersburg, FL
- Founding
- 12/1968
- Data as of
- 06/2022
- EIN
- 59-1268962
Organization Overview
Menorah Center Inc is located in St Petersburg, FL. The organization was established in 1968. 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 06/2022, Menorah Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menorah Center 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 06/2022, Menorah Center Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
HOUSING FOR LOW TO MODERATE INCOME ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
197 RESIDENTIAL APARTMENTS PROVIDED TO LOW TO MODERATE INCOME ELDERLY PERSONS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT - HUD REGULATED UNTIL 9/1/2011 WHEN THE HUD REGULATORY AGREEMENT ENDED AS A RESULT OF THE HUD SECTION 236 MORTGAGE BEING PAID OFF. THE CENTER ENTERED INTO ANOTHER USE AGREEMENT WITH HUD THAT REQUIRES THE CENTER TO PROVIDE LIVING FACILITIES FOR LOW-INCOME ELDERLY OR DISABLED PERSONS UNTIL AUGUST 31, 2031. THE CENTER ALSO ENTERED INTO A PROJECT-BASED SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACT WITH THE ST. PETERSBURG HOUSING AUTHORITY EFFECTIVE FROM DECEMBER 1, 2012 THROUGH NOVEMBER 30, 2027. AS A RESULT, THE CENTER RECEIVED 162 VOUCHERS TO ASSIST LOW-INCOME ELDERLY FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris Lecompte Treasurer | OfficerTrustee | 2 | $0 |
Bill Marger Vp/secretary | OfficerTrustee | 1 | $0 |
Greg Sembler President | OfficerTrustee | 2 | $0 |
Rabbi Jacob Luski Director | Trustee | 1 | $0 |
Nancy Clark Director | Trustee | 1 | $0 |
Gerald Davis Director | 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 | $1,977,010 |
| Investment income | $965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,478 |
| 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 | $2,069,453 |
| 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 | $286,182 |
| Pension plan accruals and contributions | $5,175 |
| Other employee benefits | $44,227 |
| Payroll taxes | $22,241 |
| Fees for services: Management | $103,291 |
| Fees for services: Legal | $3,661 |
| Fees for services: Accounting | $26,594 |
| 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 | $21,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $322,759 |
| Travel | $2,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218 |
| Interest | $28,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,159 |
| Insurance | $139,169 |
| All other expenses | $40,402 |
| Total functional expenses | $1,609,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,169,167 |
| Savings and temporary cash investments | $151,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,253 |
| 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 | $71,366 |
| Net Land, buildings, and equipment | $2,732,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,133,046 |
| Accounts payable and accrued expenses | $104,394 |
| Grants payable | $0 |
| Deferred revenue | $7,119 |
| 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 | $1,062,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,594 |
| Total liabilities | $1,321,268 |
| Net assets without donor restrictions | $3,811,778 |
| 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 | $5,133,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Menorah Center Inc has recieved totaling $17,680.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Pinellas & Pasco Counties Fl Inc Largo, FL PURPOSE: Support Programming | $8,840 |
Jewish Federation Of Pinellas & Pasco Counties Fl Inc Largo, FL PURPOSE: Support Programming | $8,840 |
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 |
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 |
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 |
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 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |