Civic Intelligence

Webster Towers Inc C/O Management Enterprises Inc

990 • Fiscal year 2017 • EIN 23-2742809

Jun 01, 2016 to May 31, 2017 • Filed on Oct 13, 2017

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

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.19x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

55th percentile

4.8%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

20th percentile

-4.6%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

7.1%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$1,105,096

Down $52,950 (-4.6%) from 2016

Net Assets

Up

$973,882

Up $33,842 (+3.6%) from 2016

Liabilities

Down

$131,214

Down $86,792 (-40%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin55th percentile

Revenue

Up

$701,554

Up $46,463 (+7.1%) from 2016

Expenses

Up

$667,712

Up $23,734 (+3.7%) from 2016

Net Income

Up

$33,842

Up $22,729 (+205%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2017

Assets$1,105,096
Liabilities$131,214
Net Assets$973,882
Open 2017 Filing

Operations Trend

Revenue Growth56th 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

2017

Revenue$701,554
Expenses$667,712
Net Income$33,842
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 13, 2017
Return Version
2016v3.0
Gross Receipts
$701,554
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$872,205$797,119▼ $75,086
Savings and Temporary Cash Investments$38,437$38,787▲ $350
Cash and Non-Interest-Bearing Accounts$45,346$25,836▼ $19,510
Prepaid Expenses and Deferred Charges$17,477$24,443▲ $6,966
Accounts Receivable$25,728$12,391▼ $13,337
Total Assets$1,158,046$1,105,096▼ $52,950
Other Assets Total$158,853$206,520▲ $47,667
Liabilities
Accounts Payable and Accrued Expenses$129,681$68,059▼ $61,622
Escrow Account Liability$38,120$38,720▲ $600
Unsecured Notes Loans Payable$37,388$24,435▼ $12,953
Mortgage Notes Payable Secured by Investment Property$12,817--
Total Liabilities$218,006$131,214▼ $86,792
Net Assets / Fund Balance
Unrestricted Net Assets$940,040$973,882▲ $33,842
Total Net Assets Fund Balance$940,040$973,882▲ $33,842
Total Liabilities and Net Assets / Fund Balance$1,158,046$1,105,096▼ $52,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$337,804$2,328,795$2,666,599
Equipment$340,496$247,501$587,997
Land$114,114-$114,114
Other Land Buildings$4,705$6,752$11,457
Other Assets Org$14,347--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Michael GreensteinPresident
Andrew Hailstone EsqDirector
Eleanor LiebermanDirector
Fern BlumDirector
Gayle GreensteinDirector
Harold BaillieDirector
Irving ZlatinDirector
Jerry J WeinbergerDirector
Joseph SawkoDirector
Lou KahanowitzDirector
Margaret SheldonDirector
Marilyn PrevenDirector
Sheila Nudelman AbdoDirector
Stuart PollackDirector
Rabbi Samuel SandhausSecretary Tr
Richard G Fine EsquireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$61,702
Program Service Revenue
$622,134
Investment Income
$210
Other Revenue
$17,508
Change in Net Assets
$33,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$701,554
Total Revenue per Audited Statements
$701,554
Total Revenue per Form 990
$701,554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$474,424
Salaries, Compensation, and Employee Benefits$193,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$214,136--$214,136
Other Salaries and Wages$145,595--$145,595
Depreciation Depletion$131,973--$131,973
Fees for Services Management$48,349--$48,349
Other Employee Benefits$35,156--$35,156
Insurance$32,377--$32,377
Office Expenses$21,350--$21,350
Payroll Taxes$12,537--$12,537
Fees for Services Legal$11,365--$11,365
Fees for Services Accounting$8,280--$8,280
Advertising$4,020--$4,020
Interest$1,904--$1,904
Fees for Services Other$400--$400
Other Expenses$270--$270
Total Functional Expenses$667,712$0$0$667,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$667,712
Total Expenses per Audited Statements$667,712
Total Expenses per Form 990$667,712
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
2017-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Greenstein
Formed
1976
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
16
Employees
5
Volunteers
30

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/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/BOYAmt012817
IRS990/NetAssetsOrFundBalancesBOYAmt0940040
IRS990/NetAssetsOrFundBalancesEOYAmt0973882
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0214136
IRS990/OccupancyGrp/TotalAmt0214136
IRS990/OfficeExpensesGrp/ProgramServicesAmt021350
IRS990/OfficeExpensesGrp/TotalAmt021350
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0158853
IRS990/OtherAssetsTotalGrp/EOYAmt0206520
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035156
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035156
IRS990/OtherExpensesGrp/Desc0OTHER TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0270
IRS990/OtherExpensesGrp/TotalAmt0270
IRS990/OtherRevenueMiscGrp/Desc0INTEREST REDUCTION PAYMENTS
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING REVENUE
IRS990/OtherRevenueMiscGrp/Desc2DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07681
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16146
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt23681
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07681
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16146
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23681
IRS990/OtherRevenueTotalAmt017508
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0145595
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145595
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt012537
IRS990/PayrollTaxesGrp/TotalAmt012537
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017477
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024443
IRS990/PrincipalOfficerNm0MICHAEL GREENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY & LOW INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0622134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0622134
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt021909
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0120
IRS990/PYOtherExpensesAmt0470836
IRS990/PYOtherRevenueAmt060118
IRS990/PYProgramServiceRevenueAmt0572944
IRS990/PYRevenuesLessExpensesAmt011113
IRS990/PYSalariesCompEmpBnftPaidAmt0173142
IRS990/PYTotalExpensesAmt0643978
IRS990/PYTotalRevenueAmt0655091
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt033842
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038437
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038787
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST REDUCTION PAYMENTS 341,499 LAUNDRY AND VENDING INCOME 30,624 DAMAGES AND CLEANING FEES 13,010
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt061702
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt027886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt031067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025940
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0168504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0311
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0418
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0639642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0589829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0590978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0685087
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0578093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03083629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0311
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0418
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01128
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt017508
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt060118
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0102933
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0103652
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0100922
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0385133
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89380
IRS990ScheduleA/PublicSupportPY509Pct00.86990
IRS990ScheduleA/PublicSupportTotal509Amt03252133
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0701344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0611738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0618864
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0716154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0604033
IRS990ScheduleA/Total509Grp/TotalAmt03252133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0719062
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0671976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0721866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0820117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0705373
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03638394
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0337804
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02328795
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02666599
IRS990ScheduleD/EquipmentGrp/BookValueAmt0340496
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0247501
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0587997
IRS990ScheduleD/ExpensesSubtotalAmt0667712
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0114114
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0114114
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0192173
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114347
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04705
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06752
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011457
IRS990ScheduleD/RevenueSubtotalAmt0701554
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/TotalBookValueLandBuildingsAmt0797119
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0206520
IRS990ScheduleD/TotalExpensesPerForm990Amt0667712
IRS990ScheduleD/TotalRevenuePerForm990Amt0701554
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0701554
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0667712
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,105,096
Liabilities
$131,214
Net assets
$973,882
Revenue
$701,554
Expenses
$667,712
Net income
$33,842
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