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Nonprofiteer
← SENIOR ISLE INN INC

Form 990 for tax year 2022

Filed by SENIOR ISLE INN INC.

Totals

Total revenue
$1,994,143
Total expenses
$2,079,683
Contributions and grants received
$1,196,255
Grants paid
$0
Program service revenue
$797,606
Investment income
$265
Other revenue
$17
Total assets, end of year
$385,782
Total liabilities, end of year
$509,965
Net assets or fund balances, end of year
-$124,183
Program services expenses (Part IX)
$1,567,082
Management and general expenses
$512,601
Fundraising expenses
$0
Program service expenses (Part III)
$1,567,082

Program services were 75.4% 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.

  • 1d · Related organizations

    $1,196,255

  • 2a · Program service revenue: RESIDENT FEES

    total $797,606 · related or exempt $797,606

  • 3 · Investment income

    total $265 · excluded $265

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $17 · excluded $17

  • 11e · Other revenue, total

    $17

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $540,365 · program services $540,365

  • 8 · Pension plan contributions

    total $25,509 · program services $25,509

  • 9 · Other employee benefits

    total $69,235 · program services $69,235

  • 10 · Payroll taxes

    total $41,447 · program services $41,447

  • 11c · Fees: accounting

    total $50 · management and general $50

  • 11g · Fees: other

    total $10,625 · program services $10,625

  • 12 · Advertising and promotion

    total $539 · program services $539

  • 13 · Office expenses

    total $446,138 · program services $85,662 · management and general $360,476

  • 16 · Occupancy

    total $284,858 · program services $284,858

  • 17 · Travel

    total $26,119 · program services $26,119

  • 22 · Depreciation, depletion and amortization

    total $247,027 · program services $247,027

  • 23 · Insurance

    total $152,075 · management and general $152,075

  • 24a · Other expenses: RESIDENT MEALS

    total $233,632 · program services $233,632

  • 24b · Other expenses: MEMBERSHIP DUES

    total $985 · program services $985

  • 24c · Other expenses: RECRUITING

    total $751 · program services $751

  • 24e · All other expenses

    total $328 · program services $328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,331 · end of year $15,522

  • 2 · Savings and temporary cash investments

    beginning of year $2,414 · end of year $2,430

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,045 · end of year $7,705

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

    $3,950,229

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

    $3,590,104

  • 10c · Land, buildings and equipment, net

    beginning of year $607,153 · end of year $360,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,228 · end of year $59,656

  • 25 · Other liabilities

    beginning of year $507,358 · end of year $450,309

  • 27 · Net assets without donor restrictions

    beginning of year -$38,643 · end of year -$124,183

Mission and programs · 2022

Mission

SEE SCHEDULE OTHE MISSION OF SENIOR ISLE INN INC. IS TO OPERATE SENIOR RESIDENCE, CALLED ISLAND SHORES SENIOR RESIDENCE ("ISLAND SHORES"). ISLAND SHORES IS A PREMIER, INDEPENDENT-LIVING RESIDENCE FOR OLDER ADULTS LOCATED ON THE SOUTH SHORE OF STATEN ISLAND OVERLOOKING BEAUTIFUL NEW YORK BAY. ISLAND SHORE PROVIDES LODGING, BOARD & HOUSEKEEPING SERVICES, ALONG WITH RECREATIONAL AND HEALTH & WELL-BEING AMENITIES TO ALL RESIDENTS.

Activities or mission (Part I)

AN INDEPENDENT SENIOR LIVING FACILITY THAT PROVIDES LODGING, RECREATIONAL AND HEALTH SERVICES.

  • SENIOR ISLES INN ("SII") OPERATES ONE SENIOR RESIDENCE, CALLED ISLAND SHORES SENIOR RESIDENCES ("ISLAND SHORES"), THAT PROVIDE AN INDEPENDENT-LIVING RESIDENCE AND OTHER SUPPORTING SERVICES, INCLUDING MEALS, HOUSEKEEPING, AND VARIOUS RECREATIONAL AND EDUCATIONAL AMENITIES. AS NECESSARY, SII ALSO ASSISTS RESIDENTS IN OBTAINING EASILY ACCESSIBLE MEDICAL AND PHARMACEUTICAL SERVICES.

    Expenses $1,567,082 · Revenue $797,606

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID WEBB

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • STEVEN COHEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • MICHAEL KALMUS

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • DAVID JONES

    DIRECTOR (THRU 06/2023)

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • RICHARD FINKELSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • SUSANNE HUROWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • PETER K JENIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • STEVEN KRAUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JOHN H GREENWOOD

    EXECUTIVE DIRECTOR

    Total calculated
    $292,457
    From this org
    $0
    From related orgs
    $254,029
    Other
    $38,428
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,529 related
    Bonus
    $0
    Other
    $0 + $20,500 related
    Deferred
    $0 + $21,588 related
    Nontaxable benefits
    $0 + $16,840 related
    Filer's total
    $0 + $292,457 related

  • AARON GOODMAN

    CHIEF ADMINISTRATION OFFICER

    Total calculated
    $229,911
    From this org
    $0
    From related orgs
    $197,025
    Other
    $32,886
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,525 related
    Bonus
    $0
    Other
    $0 + $20,500 related
    Deferred
    $0 + $16,046 related
    Nontaxable benefits
    $0 + $16,840 related
    Filer's total
    $0 + $229,911 related

  • GRETCHEN J HERNANDEZ

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $214,912
    From this org
    $0
    From related orgs
    $170,640
    Other
    $44,272
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,140 related
    Bonus
    $0
    Other
    $0 + $20,500 related
    Deferred
    $0 + $13,396 related
    Nontaxable benefits
    $0 + $30,876 related
    Filer's total
    $0 + $214,912 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

The filer's explanations (Part III)

PART I, LINE 3
ALL OFFICERS REPORTED ON THE FORM 990 WHO RECEIVE COMPENSATION ARE PAID BY A RELATED ORGANIZATION, HOMES FOR THE HOMELESS, INC. SENIOR ISLE INN INC. DOES NOT COMPENSATE ANY OF THE LISTED INDIVIDUALS; ACCORDINGLY ALL OF THE CHECKBOXES LISTED IN SCHEDULE J, PART I, LINE 3 ARE LEFT BLANK. THE PROCEDURES UNDERTAKEN TO DETERMINE THE COMPENSATION OF THESE INDIVIDUALS ARE REPORTED ON THE FORM 990 OF HOMES FOR THE HOMELESS, INC.

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
19 April 2024
IRS schema version
2022v5.0
Source object
202411109349300536

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