Skip to content
Nonprofiteer
← THE SALVATION ARMY IVY RESIDENCE INC

Form 990 for tax year 2022

Filed by THE SALVATION ARMY IVY RESIDENCE INC.

Totals

Total revenue
$1,118,112
Total expenses
$1,371,592
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$923,222
Investment income
$1,659
Other revenue
$193,231
Total assets, end of year
$11,153,453
Total liabilities, end of year
$16,831,603
Net assets or fund balances, end of year
-$5,678,150
Program services expenses (Part IX)
$1,269,166
Management and general expenses
$102,426
Fundraising expenses
$0
Program service expenses (Part III)
$1,269,166

Program services were 92.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $920,348 · related or exempt $920,348

  • 2b · Program service revenue: LAUNDRY & VENDING REVE

    total $2,874 · related or exempt $2,874

  • 3 · Investment income

    total $1,659 · excluded $1,659

  • 11a · Other revenue: RESIDUAL RECEIPTS RECA

    total $193,231 · related or exempt $193,231

  • 11e · Other revenue, total

    $193,231

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $248,303 · program services $248,303

  • 9 · Other employee benefits

    total $47,937 · program services $47,937

  • 10 · Payroll taxes

    total $17,310 · program services $17,310

  • 11a · Fees: management

    total $80,199 · management and general $80,199

  • 11c · Fees: accounting

    total $19,568 · management and general $19,568

  • 13 · Office expenses

    total $32,163 · program services $32,163

  • 16 · Occupancy

    total $185,081 · program services $185,081

  • 22 · Depreciation, depletion and amortization

    total $415,380 · program services $415,380

  • 23 · Insurance

    total $58,821 · program services $58,821

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $156,276 · program services $156,276

  • 24b · Other expenses: SECURITY CONTRACT

    total $83,054 · program services $83,054

  • 24c · Other expenses: SUPPLIES

    total $14,023 · program services $14,023

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $8,544 · program services $8,544

  • 24e · All other expenses

    total $4,933 · program services $2,274 · management and general $2,659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,880

  • 4 · Accounts receivable

    beginning of year $20,152 · end of year $44,339

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,419 · end of year $646

  • 10a · Land, buildings and equipment: cost or other basis

    $17,410,040

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,122,316

  • 10c · Land, buildings and equipment, net

    beginning of year $9,670,669 · end of year $9,287,724

  • 14 · Intangible assets

    beginning of year $1,040 · end of year $1,003

  • 15 · Other assets

    beginning of year $1,977,402 · end of year $1,819,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $332,167 · end of year $227,320

  • 19 · Deferred revenue

    beginning of year $6,205 · end of year $13,506

  • 23 · Secured mortgages and notes payable

    beginning of year $16,116,900 · end of year $16,116,900

  • 25 · Other liabilities

    beginning of year $666,960 · end of year $473,877

  • 27 · Net assets without donor restrictions

    beginning of year -$5,424,670 · end of year -$5,678,150

Mission and programs · 2022

Mission

PROVIDE QUALITY HOUSING AND SERVICE FOR LOW-INCOME ELDERLY PERSONS AND MAINTAIN THE ABILITY OF RESIDENTS TO LIVE INDEPENDENTLY FOR AS LONG AS POSSIBLE.

  • THE SALVATION ARMY-IVY RESIDENCE INC. PROVIDES 129 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY IN PHILADELPHIA, PENNSYLVANIA.

    Expenses $1,269,166 · Revenue $1,116,453

As filed on the 2022 return.

Listed in Part VII

  • Philip J Maxwell

    VICE PRESIDENT THRU 3/16/23

    Total calculated
    $92,585
    From this org
    $0
    From related orgs
    $41,690
    Other
    $50,895
    Hours/week
    0 + 40 related

  • Richard D Allen

    ASSISTANT SECRETARY

    Total calculated
    $178,326
    From this org
    $0
    From related orgs
    $147,295
    Other
    $31,031
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,295 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,838 related
    Nontaxable benefits
    $0 + $22,193 related
    Filer's total
    $0 + $178,326 related

  • Hubert S Steele III

    TREASURER

    Total calculated
    $260,494
    From this org
    $0
    From related orgs
    $212,399
    Other
    $48,095
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,399 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,250 related
    Nontaxable benefits
    $0 + $39,845 related
    Filer's total
    $0 + $260,494 related

  • Ruth A Stoneburner

    DIRECTOR THRU 3/16/23

    Total calculated
    $207,402
    From this org
    $0
    From related orgs
    $146,532
    Other
    $60,870
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,532 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,250 related
    Nontaxable benefits
    $0 + $52,620 related
    Filer's total
    $0 + $207,402 related

  • Larry Ashcraft

    DIRECTOR

    Total calculated
    $81,807
    From this org
    $0
    From related orgs
    $40,486
    Other
    $41,321
    Hours/week
    0 + 40 related

  • Edgar C George Jr

    DIRECTOR THRU 3/16/23

    Total calculated
    $84,118
    From this org
    $0
    From related orgs
    $37,817
    Other
    $46,301
    Hours/week
    0 + 40 related

  • William A Bamford III

    PRESIDENT

    Total calculated
    $238,820
    From this org
    $0
    From related orgs
    $191,238
    Other
    $47,582
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,238 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,250 related
    Nontaxable benefits
    $0 + $39,332 related
    Filer's total
    $0 + $238,820 related

  • Michael J Southwick

    SECRETARY

    Total calculated
    $354,740
    From this org
    $0
    From related orgs
    $313,724
    Other
    $41,016
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,724 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,823 related
    Nontaxable benefits
    $0 + $22,193 related
    Filer's total
    $0 + $354,740 related

  • Leanne Robert

    DIRECTOR

    Total calculated
    $133,026
    From this org
    $0
    From related orgs
    $102,297
    Other
    $30,729
    Hours/week
    0 + 40 related

  • Barbara A George

    DIRECTOR THRU 3/16/23

    Total calculated
    $84,118
    From this org
    $0
    From related orgs
    $37,817
    Other
    $46,301
    Hours/week
    0 + 40 related

  • Ivan K Rock

    VICE PRESIDENT

    Total calculated
    $85,018
    From this org
    $0
    From related orgs
    $41,341
    Other
    $43,677
    Hours/week
    0 + 40 related

  • Cindy-Lou Drummond

    DIRECTOR

    Total calculated
    $91,620
    From this org
    $0
    From related orgs
    $37,145
    Other
    $54,475
    Hours/week
    0 + 40 related

  • Tawny Cowen-Zanders

    DIRECTOR

    Total calculated
    $80,531
    From this org
    $0
    From related orgs
    $37,301
    Other
    $43,230
    Hours/week
    0 + 40 related

  • Janet Ashcraft

    DIRECTOR

    Total calculated
    $81,807
    From this org
    $0
    From related orgs
    $40,486
    Other
    $41,321
    Hours/week
    0 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
22 December 2023
IRS schema version
2022v5.0
Source object
202303569349301025

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.