Civic Intelligence

Woodlawn Apartments Inc

EIN 22-3376407 • 501(c)3 • Saratoga Springs, NY

Profile

Woodlawn is a community of independent and enriched housing with an emphasis on maintaining that independence throughout the aging process. Woodlawn apartments provides a supportive environment that can be tailored to meet a resident's personal needs.

156 Lawrence StreetSaratoga Springs, NY 12866

www.thewesleycommunity.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.60x

Higher debt load relative to assets than 77% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.83x

Higher debt load relative to revenue than 82% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2024

Net Margin

36th percentile

-0.4%

Higher net margin than 36% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$321,200

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

NTEE P • $5M-$10M nonprofits • Source year 2024

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.6%

Faster revenue growth than 45% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,638,382

Down $1,099,098 (-13%) from 2023

Liabilities

Down

$4,572,345

Down $1,094,028 (-19%) from 2023

Net Assets

Down

$3,066,037

Down $5,070 (-0.2%) from 2023

Revenue

Up

$5,480,691

Up $289,090 (+5.6%) from 2023

Expenses

Up

$5,504,513

Up $399,899 (+7.8%) from 2023

Net Income

Down

-$23,822

Down $110,809 (-127%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $9,416,346Liabilities 2010: $8,946,829Net Assets 2010: $469,5172010Assets 2011: $9,226,473Liabilities 2011: $8,508,186Net Assets 2011: $718,2872011Assets 2012: $9,354,700Liabilities 2012: $8,298,964Net Assets 2012: $1,055,7362012Assets 2013: $9,711,859Liabilities 2013: $8,013,296Net Assets 2013: $1,698,5632013Assets 2014: $9,460,772Liabilities 2014: $7,388,072Net Assets 2014: $2,072,7002014Assets 2015: $8,777,395Liabilities 2015: $6,617,423Net Assets 2015: $2,159,9722015Assets 2016: $10,079,673Liabilities 2016: $7,442,466Net Assets 2016: $2,637,2072016Assets 2017: $9,927,169Liabilities 2017: $6,860,328Net Assets 2017: $3,066,8412017Assets 2018: $10,449,487Liabilities 2018: $7,423,492Net Assets 2018: $3,025,9952018Assets 2019: $12,306,143Liabilities 2019: $8,895,265Net Assets 2019: $3,410,8782019Assets 2020: $11,874,525Liabilities 2020: $8,316,556Net Assets 2020: $3,557,9692020Assets 2021: $10,926,969Liabilities 2021: $7,465,429Net Assets 2021: $3,461,5402021Assets 2022: $9,830,253Liabilities 2022: $6,891,199Net Assets 2022: $2,939,0542022Assets 2023: $8,737,480Liabilities 2023: $5,666,373Net Assets 2023: $3,071,1072023Assets 2024: $7,638,382Liabilities 2024: $4,572,345Net Assets 2024: $3,066,0372024

Highlighted filing

2024

Assets$7,638,382
Liabilities$4,572,345
Net Assets$3,066,037

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,624,7592010Expenses 2011: $3,539,7372011Expenses 2012: $3,773,7762012Revenue 2013: $4,471,670Expenses 2013: $3,828,843Net Income 2013: $642,8272013Revenue 2014: $4,501,287Expenses 2014: $4,038,218Net Income 2014: $463,0692014Revenue 2015: $4,315,463Expenses 2015: $4,126,772Net Income 2015: $188,6912015Revenue 2016: $4,362,835Expenses 2016: $3,712,324Net Income 2016: $650,5112016Revenue 2017: $4,061,642Expenses 2017: $4,086,441Net Income 2017: -$24,7992017Revenue 2018: $4,520,983Expenses 2018: $4,208,590Net Income 2018: $312,3932018Revenue 2019: $4,496,852Expenses 2019: $4,402,313Net Income 2019: $94,5392019Revenue 2020: $4,817,703Expenses 2020: $4,912,120Net Income 2020: -$94,4172020Revenue 2021: $4,824,170Expenses 2021: $4,837,355Net Income 2021: -$13,1852021Revenue 2022: $5,055,674Expenses 2022: $5,018,400Net Income 2022: $37,2742022Revenue 2023: $5,191,601Expenses 2023: $5,104,614Net Income 2023: $86,9872023Revenue 2024: $5,480,691Expenses 2024: $5,504,513Net Income 2024: -$23,8222024

Highlighted filing

2024

Revenue$5,480,691
Expenses$5,504,513
Net Income-$23,822

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.64$4.57$3.07$5.48$5.50$0.02
2023Detailed filing. Detailed filing data is available for this year.$8.74$5.67$3.07$5.19$5.10$0.09
2022Detailed filing. Detailed filing data is available for this year.$9.83$6.89$2.94$5.06$5.02$0.04
2021Detailed filing. Detailed filing data is available for this year.$10.9$7.47$3.46$4.82$4.84$0.01
2020Detailed filing. Detailed filing data is available for this year.$11.9$8.32$3.56$4.82$4.91$0.09
2019Detailed filing. Detailed filing data is available for this year.$12.3$8.90$3.41$4.50$4.40$0.09
2018Detailed filing. Detailed filing data is available for this year.$10.4$7.42$3.03$4.52$4.21$0.31
2017Summary only. Only limited summary data is available for this year.$9.93$6.86$3.07$4.06$4.09$0.02
2016Detailed filing. Detailed filing data is available for this year.$10.1$7.44$2.64$4.36$3.71$0.65
2015Detailed filing. Detailed filing data is available for this year.$8.78$6.62$2.16$4.32$4.13$0.19
2014Detailed filing. Detailed filing data is available for this year.$9.46$7.39$2.07$4.50$4.04$0.46
2013Detailed filing. Detailed filing data is available for this year.$9.71$8.01$1.70$4.47$3.83$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$8.30$1.06$3.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.23$8.51$0.72$3.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.42$8.95$0.47$3.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 25, 2025
Return Version
2024v5.2
Gross Receipts
$5,779,481
Mission and Program Overview

Mission

Woodlawn is a community of independent and enriched housing with an emphasis on maintaining that independence throughout the aging process. Woodlawn apartments provides a supportive environment that can be tailored to meet a resident's personal needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,573,047$6,010,427▼ $562,620
Other Notes and Loans Receivable, Net$967,932$910,810▼ $57,122
Investments in Publicly Traded Securities$499,503$210,580▼ $288,923
Savings and Temporary Cash Investments$254,524$91,790▼ $162,734
Prepaid Expenses and Deferred Charges$6,220$17,221▲ $11,001
Accounts Receivable$12,860$15,780▲ $2,920
Intangible Assets$4,338$0▼ $4,338
Cash and Non-Interest-Bearing Accounts$36,323$920▼ $35,403
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$8,737,480$7,638,382▼ $1,099,098
Other Assets Total$382,733$380,854▼ $1,879
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,784,710$3,849,836▼ $934,874
Escrow Account Liability$260,055$300,272▲ $40,217
Accounts Payable and Accrued Expenses$414,092$268,834▼ $145,258
Other Liabilities$188,092$149,923▼ $38,169
Deferred Revenue$19,424$3,480▼ $15,944
Total Liabilities$5,666,373$4,572,345▼ $1,094,028
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,064,240$3,061,473▼ $2,767
Net Assets With Donor Restrictions$6,867$4,564▼ $2,303
Total Net Assets Fund Balance$3,071,107$3,066,037▼ $5,070
Total Liabilities and Net Assets / Fund Balance$8,737,480$7,638,382▼ $1,099,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,106,288$10,636,338$11,742,626
Leasehold Improvements$3,909,975$2,948,378$6,858,353
Equipment$348,437$1,098,576$1,447,013
Other Land Buildings$528,682$874,236$1,402,918
Land$117,045-$117,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Katherine LahoffCFOPT$135,832$135,832

Board Members and Trustees

NameTitle
Tara PleatPresident
DEBORAH DAMM-O'BRIENVice President
Brooke PancoeDirector
Kelli DerwayDirector
J Brian NealonCEO
Shelly AmatoCSO
Jesse BoucherSecretary
Raymond MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,244
Program Service Revenue
$5,271,659
Investment Income
$59,290
Other Revenue
$110,498
Change in Net Assets
$-23,822

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,480,691
Revenue Not Reported on Form 990
$21,055
Total Revenue per Audited Statements
$5,501,746
Total Revenue per Form 990
$5,480,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,523,211
Salaries, Compensation, and Employee Benefits$1,981,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,487,149$77,090-$1,564,239
Depreciation Depletion$817,058$5,180-$822,238
Occupancy$333,208$11,247-$344,455
Other Employee Benefits$273,008$14,154-$287,162
Fees for Services Management-$189,800-$189,800
Interest$172,103$1,091-$173,194
Office Expenses$161,762$4,287-$166,049
Insurance$162,707$1,032-$163,739
Payroll Taxes$108,105$5,604-$113,709
Advertising-$112,800-$112,800
Information Technology$48,702$12,175-$60,877
Pension Plan Contributions$15,394$798-$16,192
Other Expenses$6,241$6,143-$12,384
Fees for Services Accounting-$10,876-$10,876
All Other Expenses$7,921$411-$8,332
Conferences and Meetings$5,879$1,376-$7,255
Total Functional Expenses$4,972,137$532,376$0$5,504,513

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,504,513
Total Expenses per Audited Statements$5,504,513
Total Expenses per Form 990$5,504,513
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$77,923
Accrued Workers Compensation Exp.$72,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

United methodist health and housing, inc. Is the sole corporate member of this organization.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by internal accounting personnel. A copy of the completed form 990 in draft form is provided to the board of directors prior to filing with the internal revenue service. At the discretion of the board, the finance committee may review the 990 and present findings to the board as a whole. Questions and comments are reviewed by the cfo and addressed as appropriate. Discrepancies between the board and the director of finance will be resolved by the finance committee. Upon approval by the board and the finance committee, the final form 990 will be filed with the internal revenue service.every 3 years the tax return is reviewed by an independent accounting firm, this was last done for the 2023 form.

Form 990, Part VI, Section B, Line 12C

It is the policy of the organization to require officers, directors or trustees and key employees to disclose annually interests that could give rise to conflicts. It is a duty of the corporate compliance officer to regularly and consistently monitor and enforce compliance with the policy. Disclosures by officers, directors or trustees and key employees are completed annually.

Form 990, Part VI, Section B, Line 15B

All officer salaries are paid through united methodist health and housing, inc., a related organization. An independent salary survey is completed at least every 3 years. The survey is initiated by the personnel committee on behalf of the board. The survey includes comparability data and is used to arrive at an acceptable salary for officers and key employees. The ceo's evaluation and final salary determination is made by the board of directors. All other officers and key employees are evaluated by the ceo. Salary determinations for those staff are based on the salary survey and evaluations.

Form 990, Part VI, Section C, Line 19

All governing documents, policies and financial statements are available upon request. This is disclosed on our website: www.thewesleycommunity.org

Filing and Contact Details

Filer

Filer Name
Woodlawn Apartments Inc
EIN
22-3376407
Phone
5185874100
Address
156 LAWRENCE STREET, SARATOGA SPRINGS, NY 12866

Signing Officer

Name
Katherine Lahoff
Title
CFO
Signed
2025-08-25

Organization Details

Principal Officer
J Brian Nealon
Formed
1999
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
61
Volunteers
68
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Decrease in temp restricted net assets = -$2303

Form 990, Part XII, Line 2C

There has been no change in the audit oversight process or the independent accountant selection process from the previous year.

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

The resident security deposits are maintained in a separate interest bearing bank account in the name of woodlawn apartments. Interest is earned and credited to the residents.

Part X : FIN48 Footnote

Income taxes: woodlawn is a not-for-profit corporation pursuant to section 501(c)(3) of the internal revenue code (code), and accordingly exempt from fderal taxation under section 501(a) of the code. Fasb asc 740, accounting for uncertainty in income taxes, requires the recognition of income tax positions when it is more-likely-than-not that the position will be sustained based on the merits of the position. Management has concluded that there are no material tax liabilities that require recognition as of december 31, 2024 and 2023.

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IRS990/MissionDesc0WOODLAWN IS A COMMUNITY OF INDEPENDENT AND ENRICHED HOUSING WITH AN EMPHASIS ON MAINTAINING THAT INDEPENDENCE THROUGHOUT THE AGING PROCESS. WOODLAWN APARTMENTS PROVIDES A SUPPORTIVE ENVIRONMENT THAT CAN BE TAILORED TO MEET A RESIDENT'S PERSONAL NEEDS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION PROVIDES THREE MEALS PER DAY FOR APPROXIMATELY 14,000 ENRICHED HOUSING RESIDENT DAYS. THE DINING ROOM ALSO SERVES MEALS TO INDEPENDENT RESIDENTS, RESIDENT FAMILIES AND STAFF AT REGULAR MENU PRICES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSEKEEPING SERVICES ARE PROVIDED TO ALL 40 ENRICHED HOUSING UNITS AS PART OF THEIR MONTHLY RENT. INDEPENDENT RESIDENTS MAY PURCHASE HOUSEKEEPING SERVICES FOR A NOMINAL FEE AS NEEDED.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0WOODLAWN WAS ABLE TO NEGOTIATE PREFERABLE RATES WITH CABLE AND TELEPHONE COMPANIES. THIS ALLOWED WOODLAWN TO OFFER LOWER THAN MARKET COST TELEPHONE AND CABLE TO ITS RESIDENTS.
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