Civic Intelligence

Webster Towers Inc C/O Management Enterprises Inc

990 • Fiscal year 2016 • EIN 23-2742809

Jun 01, 2015 to May 31, 2016 • Filed on Oct 12, 2016

Organization ProfileN/A
327 North Washington Avenue Ste 811Scranton, PA 18503

(570) 346-4649

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.19x

Higher debt load relative to assets than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.33x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

49th percentile

1.7%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

60th percentile

4.2%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-6.2%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$1,158,046

Up $47,174 (+4.2%) from 2015

Net Assets

Up

$940,040

Up $11,113 (+1.2%) from 2015

Liabilities

Up

$218,006

Up $36,061 (+20%) from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin49th percentile

Revenue

Down

$655,091

Down $43,152 (-6.2%) from 2015

Expenses

Up

$643,978

Up $27,564 (+4.5%) from 2015

Net Income

Down

$11,113

Down $70,716 (-86%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,243,036Liabilities 2011: $692,154Net Assets 2011: $550,8822011Assets 2012: $1,219,102Liabilities 2012: $568,008Net Assets 2012: $651,0942012Assets 2013: $1,211,252Liabilities 2013: $449,790Net Assets 2013: $761,4622013Assets 2014: $1,180,895Liabilities 2014: $333,797Net Assets 2014: $847,0982014Assets 2015: $1,110,872Liabilities 2015: $181,945Net Assets 2015: $928,9272015Assets 2016: $1,158,046Liabilities 2016: $218,006Net Assets 2016: $940,0402016Assets 2017: $1,105,096Liabilities 2017: $131,214Net Assets 2017: $973,8822017Assets 2018: $1,073,017Liabilities 2018: $56,798Net Assets 2018: $1,016,2192018Assets 2019: $1,390,194Liabilities 2019: $302,873Net Assets 2019: $1,087,3212019Assets 2020: $1,688,920Liabilities 2020: $537,943Net Assets 2020: $1,150,9772020Assets 2021: $1,661,224Liabilities 2021: $474,963Net Assets 2021: $1,186,2612021Assets 2022: $1,712,312Liabilities 2022: $427,380Net Assets 2022: $1,284,9322022Assets 2023: $1,748,108Liabilities 2023: $394,721Net Assets 2023: $1,353,3872023Assets 2024: $1,700,745Liabilities 2024: $335,892Net Assets 2024: $1,364,8532024Assets 2025: $1,753,082Liabilities 2025: $286,351Net Assets 2025: $1,466,7312025

Highlighted filing

2016

Assets$1,158,046
Liabilities$218,006
Net Assets$940,040
Open 2016 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Expenses 2011: $619,0692011Expenses 2012: $610,7942012Expenses 2013: $595,0052013Revenue 2014: $716,465Expenses 2014: $630,829Net Income 2014: $85,6362014Revenue 2015: $698,243Expenses 2015: $616,414Net Income 2015: $81,8292015Revenue 2016: $655,091Expenses 2016: $643,978Net Income 2016: $11,1132016Revenue 2017: $701,554Expenses 2017: $667,712Net Income 2017: $33,8422017Revenue 2018: $681,037Expenses 2018: $638,700Net Income 2018: $42,3372018Revenue 2019: $716,555Expenses 2019: $645,453Net Income 2019: $71,1022019Revenue 2020: $739,477Expenses 2020: $675,821Net Income 2020: $63,6562020Revenue 2021: $759,580Expenses 2021: $724,296Net Income 2021: $35,2842021Revenue 2022: $779,273Expenses 2022: $680,602Net Income 2022: $98,6712022Revenue 2023: $785,225Expenses 2023: $716,770Net Income 2023: $68,4552023Revenue 2024: $801,128Expenses 2024: $789,662Net Income 2024: $11,4662024Revenue 2025: $908,897Expenses 2025: $807,019Net Income 2025: $101,8782025

Highlighted filing

2016

Revenue$655,091
Expenses$643,978
Net Income$11,113
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Oct 12, 2016
Return Version
2015v2.1
Gross Receipts
$655,091
Mission and Program Overview

Mission

Our mission as a not-for-profit entity is to provide affordable housing for elderly residents of the greater scranton area of pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$778,666$872,205▲ $93,539
Cash and Non-Interest-Bearing Accounts$42,428$45,346▲ $2,918
Savings and Temporary Cash Investments$37,018$38,437▲ $1,419
Accounts Receivable$56,160$25,728▼ $30,432
Prepaid Expenses and Deferred Charges$22,267$17,477▼ $4,790
Total Assets$1,110,872$1,158,046▲ $47,174
Other Assets Total$174,333$158,853▼ $15,480
Liabilities
Accounts Payable and Accrued Expenses$44,488$129,681▲ $85,193
Escrow Account Liability$36,907$38,120▲ $1,213
Unsecured Notes Loans Payable-$37,388-
Mortgage Notes Payable Secured by Investment Property$100,550$12,817▼ $87,733
Total Liabilities$181,945$218,006▲ $36,061
Net Assets / Fund Balance
Unrestricted Net Assets$928,927$940,040▲ $11,113
Total Net Assets Fund Balance$928,927$940,040▲ $11,113
Total Liabilities and Net Assets / Fund Balance$1,110,872$1,158,046▲ $47,174

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$414,580$2,252,019$2,666,599
Equipment$352,578$193,782$546,360
Land$98,864-$98,864
Other Land Buildings$6,183$5,274$11,457
Other Assets Org$16,060--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Michael GreensteinPresident
Andrew Hailstone EsqDirector
Fern BlumDirector
Harold BaillieDirector
Irving ZlatinDirector
Jeanne BarrettDirector
Jerry J WeinbergerDirector
Lou KahanowitzDirector
Margaret SheldonDirector
Marilyn PrevenDirector
Marshall KornblattDirector
Sheila Nudelman AbdoDirector
Stuart PollackDirector
Rabbi Samuel SandhausSecretary Tr
Richard G Fine EsquireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$21,909
Program Service Revenue
$572,944
Investment Income
$120
Other Revenue
$60,118
Change in Net Assets
$11,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$655,091
Total Revenue per Audited Statements
$655,091
Total Revenue per Form 990
$655,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$470,836
Salaries, Compensation, and Employee Benefits$173,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$196,075--$196,075
Other Salaries and Wages$135,303--$135,303
Depreciation Depletion$117,489--$117,489
Fees for Services Management$39,547--$39,547
Fees for Services Legal$35,826--$35,826
Insurance$32,842--$32,842
Other Employee Benefits$25,994--$25,994
Office Expenses$15,928--$15,928
Fees for Services Other$15,199--$15,199
Payroll Taxes$11,845--$11,845
Fees for Services Accounting$8,160--$8,160
Advertising$5,341--$5,341
Interest$2,582--$2,582
Other Expenses$1,847--$1,847
Total Functional Expenses$643,978$0$0$643,978

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$643,978
Total Expenses per Audited Statements$643,978
Total Expenses per Form 990$643,978
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The daily management of webster towers, inc. Is administered by management enterprises, inc.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is provided to all board members for reveiew, comment, and approval. The board members approve the form 990 at a quarterly meeting. Form 990 is then submitted electronically to the internal revenue service.”

Form 990, Page 6, Part VI, Line 15A

“Hiring and salary decisions are made by the management company, management enterprises, inc. Management enterprises informs the board of directors of all significant personnel issues at quarterly meetings.”

Form 990, Page 6, Part VI, Line 15B

“Hiring and salary decisions are made by the management company, management enterprises, inc. Management enterprises informs the board of directors of all significant personnel issues at quarterly meetings.”

Form 990, Page 6, Part VI, Line 19

“A hard copy of all governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Webster Towers Inc
EIN
23-2742809
Phone
5703464649
Address
327 NORTH WASHINGTON AVENUE STE 811, SCRANTON, PA 18503

Signing Officer

Name
Michael Greenstein
Title
President
Phone
5703464649
Signed
2016-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Greenstein
Formed
1976
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
25

Preparer

Firm
Ginader Jones & Co Llp
Address
1 HIGHLANDS BOULEVARD SUITE 201, ARCHBALD, PA 18403-1506
Preparer
Eric D Davis
Phone
5703473377
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers engage in promoting physical, mental, and emotional fitness to the entity's elderly tenants through several programs.”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Webster towers, inc. Receives security deposit payments from its tenants upon their move into the towers building. The organization holds these deposits in trust until a tenant moves out of the building. At this point, all deposit funds are returned by the organization to the tenant, less any charges for cleaning or repairs.”

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IRS990/MissionDesc0OUR MISSION AS A NOT-FOR-PROFIT ENTITY IS TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY RESIDENTS OF THE GREATER SCRANTON AREA OF PENNSYLVANIA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0100550
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012817
IRS990/NetAssetsOrFundBalancesBOYAmt0928927
IRS990/NetAssetsOrFundBalancesEOYAmt0940040
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0196075
IRS990/OccupancyGrp/TotalAmt0196075
IRS990/OfficeExpensesGrp/ProgramServicesAmt015928
IRS990/OfficeExpensesGrp/TotalAmt015928
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0174333
IRS990/OtherAssetsTotalGrp/EOYAmt0158853
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025994
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025994
IRS990/OtherExpensesGrp/Desc0AMORTIZATION
IRS990/OtherExpensesGrp/ProgramServicesAmt01847
IRS990/OtherExpensesGrp/TotalAmt01847
IRS990/OtherRevenueMiscGrp/Desc0INTEREST REDUCTION PAYMENTS
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING REVENUE
IRS990/OtherRevenueMiscGrp/Desc2DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt053768
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15327
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt053768
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15327
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21023
IRS990/OtherRevenueTotalAmt060118
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135303
IRS990/OtherSalariesAndWagesGrp/TotalAmt0135303
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt011845
IRS990/PayrollTaxesGrp/TotalAmt011845
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022267
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017477
IRS990/PrincipalOfficerNm0MICHAEL GREENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY & LOW INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0572944
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0572944
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt027886
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt069
IRS990/PYOtherExpensesAmt0443068
IRS990/PYOtherRevenueAmt0102933
IRS990/PYProgramServiceRevenueAmt0567355
IRS990/PYRevenuesLessExpensesAmt081829
IRS990/PYSalariesCompEmpBnftPaidAmt0173346
IRS990/PYTotalExpensesAmt0616414
IRS990/PYTotalRevenueAmt0698243
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt011113
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt037018
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038437
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST REDUCTION PAYMENTS 428,407 LAUNDRY AND VENDING INCOME 32,921 DAMAGES AND CLEANING FEES 9,855
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt027886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt031067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt025940
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt028241
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0135043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0311
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0418
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0243
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0589829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0590978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0685087
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0578093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0578964
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03022951
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0311
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0418
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01161
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt060118
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0102933
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0103652
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0100922
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0103558
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0471183
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86990
IRS990ScheduleA/PublicSupportPY509Pct00.86020
IRS990ScheduleA/PublicSupportTotal509Amt03157994
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0611738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0618864
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0716154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0604033
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0607205
IRS990ScheduleA/Total509Grp/TotalAmt03157994
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0671976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0721866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0820117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0705373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0711006
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03630338
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0414580
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02252019
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02666599
IRS990ScheduleD/EquipmentGrp/BookValueAmt0352578
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0193782
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0546360
IRS990ScheduleD/ExpensesSubtotalAmt0643978
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt098864
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt098864
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0142793
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116060
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05274
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011457
IRS990ScheduleD/RevenueSubtotalAmt0655091
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WEBSTER TOWERS, INC. RECEIVES SECURITY DEPOSIT PAYMENTS FROM ITS TENANTS UPON THEIR MOVE INTO THE TOWERS BUILDING. THE ORGANIZATION HOLDS THESE DEPOSITS IN TRUST UNTIL A TENANT MOVES OUT OF THE BUILDING. AT THIS POINT, ALL DEPOSIT FUNDS ARE RETURNED BY THE ORGANIZATION TO THE TENANT, LESS ANY CHARGES FOR CLEANING OR REPAIRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0872205
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0158853
IRS990ScheduleD/TotalExpensesPerForm990Amt0643978
IRS990ScheduleD/TotalRevenuePerForm990Amt0655091
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0655091
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0643978
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ENGAGE IN PROMOTING PHYSICAL, MENTAL, AND EMOTIONAL FITNESS TO THE ENTITY'S ELDERLY TENANTS THROUGH SEVERAL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DAILY MANAGEMENT OF WEBSTER TOWERS, INC. IS ADMINISTERED BY MANAGEMENT ENTERPRISES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVEIEW, COMMENT, AND APPROVAL. THE BOARD MEMBERS APPROVE THE FORM 990 AT A QUARTERLY MEETING. FORM 990 IS THEN SUBMITTED ELECTRONICALLY TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HIRING AND SALARY DECISIONS ARE MADE BY THE MANAGEMENT COMPANY, MANAGEMENT ENTERPRISES, INC. MANAGEMENT ENTERPRISES INFORMS THE BOARD OF DIRECTORS OF ALL SIGNIFICANT PERSONNEL ISSUES AT QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HIRING AND SALARY DECISIONS ARE MADE BY THE MANAGEMENT COMPANY, MANAGEMENT ENTERPRISES, INC. MANAGEMENT ENTERPRISES INFORMS THE BOARD OF DIRECTORS OF ALL SIGNIFICANT PERSONNEL ISSUES AT QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A HARD COPY OF ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01110872

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,158,046
Liabilities
$218,006
Net assets
$940,040
Revenue
$655,091
Expenses
$643,978
Net income
$11,113
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.29$1.47$0.91$0.81$0.10
2024Detailed filing. Detailed filing data is available for this year.$1.70$0.34$1.36$0.80$0.79$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.39$1.35$0.79$0.72$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.43$1.28$0.78$0.68$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.47$1.19$0.76$0.72$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.69$0.54$1.15$0.74$0.68$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.39$0.30$1.09$0.72$0.65$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.06$1.02$0.68$0.64$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.13$0.97$0.70$0.67$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.22$0.94$0.66$0.64$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.18$0.93$0.70$0.62$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.18$0.33$0.85$0.72$0.63$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.45$0.76$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.57$0.65$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.69$0.55$0.62