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Nonprofiteer
← AMHERST GLEN SENIOR APARTMENTS INC

Form 990 for tax year 2023

Filed by AMHERST GLEN SENIOR APARTMENTS INC.

Totals

Total revenue
$1,789,039
Total expenses
$58,481
Contributions and grants received
$5,862,553
Grants paid
$0
Program service revenue
$52,200
Investment income
-$4,126,122
Other revenue
$408
Total assets, end of year
$434,804
Total liabilities, end of year
$743
Net assets or fund balances, end of year
$434,061
Program services expenses (Part IX)
$48,347
Management and general expenses
$10,134
Fundraising expenses
$0
Program service expenses (Part III)
$48,347

Program services were 82.7% 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.

  • 1e · Government grants (contributions)

    $5,862,553

  • 2a · Program service revenue: TENANT ASSISTANCE PAYMENTS

    total $37,002 · related or exempt $37,002

  • 2b · Program service revenue: RESIDENT SERVICE REVENUE

    total $15,198 · related or exempt $15,198

  • 3 · Investment income

    total $23 · excluded $23

  • 7a · Gross sales of assets other than inventory

    other assets $433,333

  • 7b · Less cost or other basis and sales expenses

    other assets $4,559,478

  • 7c · Gain or loss

    other assets -$4,126,145

  • 7d · Net gain or loss

    total -$4,126,145 · excluded -$4,126,145

  • 11a · Other revenue: FORFEITED DEPOSITS

    total $338 · related or exempt $338

  • 11b · Other revenue: LAUNDRY REVENUE

    total $70 · excluded $70

  • 11e · Other revenue, total

    $408

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $8,947 · program services $8,947

  • 8 · Pension plan contributions

    total $229 · program services $229

  • 9 · Other employee benefits

    total $28 · program services $28

  • 10 · Payroll taxes

    total $377 · program services $377

  • 11a · Fees: management

    total $2,900 · management and general $2,900

  • 11b · Fees: legal

    total $317 · program services $317

  • 11c · Fees: accounting

    total $7,234 · management and general $7,234

  • 11g · Fees: other

    total $58 · program services $58

  • 12 · Advertising and promotion

    total $27 · program services $27

  • 13 · Office expenses

    total $457 · program services $457

  • 14 · Information technology

    total $189 · program services $189

  • 16 · Occupancy

    total $3,597 · program services $3,597

  • 17 · Travel

    total $1,136 · program services $1,136

  • 19 · Conferences, conventions and meetings

    total $276 · program services $276

  • 22 · Depreciation, depletion and amortization

    total $11,808 · program services $11,808

  • 23 · Insurance

    total $13 · program services $13

  • 24a · Other expenses: CONTRACT SEVICES

    total $8,725 · program services $8,725

  • 24b · Other expenses: MAINTENANCE SUPPLIES

    total $5,790 · program services $5,790

  • 24c · Other expenses: SNOW REMOVAL

    total $3,348 · program services $3,348

  • 24d · Other expenses: TAXES

    total $1,379 · program services $1,379

  • 24e · All other expenses

    total $1,646 · program services $1,646

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,373 · end of year $434,804

  • 4 · Accounts receivable

    beginning of year $1,542

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,908

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $4,073,990

  • 15 · Other assets

    beginning of year $538,444 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,830 · end of year $743

  • 19 · Deferred revenue

    beginning of year $1,952

  • 23 · Secured mortgages and notes payable

    beginning of year $5,862,553

  • 25 · Other liabilities

    beginning of year $17,419 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,296,497 · end of year $434,061

Mission and programs · 2023

Mission

THE MISSION OF MENORAH CAMPUS, INC. D/B/A THE HARRY AND JEANETTE WEINBER G CAMPUS, IS TO ADDRESS THE FULL NEED SO OLDER PEOPLE IN OUR REGION: MEDICAL, RESIDENTIAL, EMOTIONAL, FINANCIAL, SOCIAL, AND SPIRITUAL. AMHERST GLEN SENIOR APARTMENTS, INC. IS A SUBSIDIARY OF MENORAH CAMPUS, INC. AND PROVIDES HUD 202 HOUSING FOR THE ELDERLY OF WESTERN NEW YORK.

  • AMHERST GLEN SENIOR APARTMENTS, INC. (THE "CORPORATION") WAS ORGANIZED APRIL 15, 2009 AS A NOT-FORPROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK, FOR THE PURPOSE OF OWNING AND OPERATING A 50-UNIT APARTMENT COMMUNITY ("AMHERST GLEN SENIOR APARTMENTS") LOCATED IN GETZVILLE, NEW YORK. THE ORGANIZATION SOLD THE BUILDING AT THE END OF THE YEAR.

    Expenses $48,347 · Revenue $52,538

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eleanor White

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Robert F Cook

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Joshua Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Segel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Shea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lawson Stringer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • AMHERST SENIOR APARTMENTS LP

    $433,333

    Disposition · AMHERST GLEN (PARCEL B) · Jan 31, 2023 · PARTNERSHIP

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202402929349301230

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