Civic Intelligence

Webster Towers Inc C/O Management Enterprises Inc

990 • Fiscal year 2018 • EIN 23-2742809

Jun 01, 2017 to May 31, 2018 • Filed on Oct 16, 2018

Organization ProfileN/A
777 Keystone Industrial Park RoadThroop, PA 18512

(570) 346-0759

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

58th percentile

6.2%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$1,073,017

Down $32,079 (-2.9%) from 2017

Net Assets

Up

$1,016,219

Up $42,337 (+4.3%) from 2017

Liabilities

Down

$56,798

Down $74,416 (-57%) from 2017

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin58th percentile

Revenue

Down

$681,037

Down $20,517 (-2.9%) from 2017

Expenses

Down

$638,700

Down $29,012 (-4.3%) from 2017

Net Income

Up

$42,337

Up $8,495 (+25%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2018

Assets$1,073,017
Liabilities$56,798
Net Assets$1,016,219
Open 2018 Filing

Operations Trend

Revenue Growth32nd 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

2018

Revenue$681,037
Expenses$638,700
Net Income$42,337
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Oct 16, 2018
Return Version
2017v2.3
Gross Receipts
$681,037
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$797,119$671,090▼ $126,029
Cash and Non-Interest-Bearing Accounts$25,836$71,628▲ $45,792
Savings and Temporary Cash Investments$38,787$39,392▲ $605
Prepaid Expenses and Deferred Charges$24,443$19,599▼ $4,844
Accounts Receivable$12,391$8,647▼ $3,744
Total Assets$1,105,096$1,073,017▼ $32,079
Other Assets Total$206,520$262,661▲ $56,141
Liabilities
Escrow Account Liability$38,720$39,392▲ $672
Unsecured Notes Loans Payable$24,435--
Accounts Payable and Accrued Expenses$68,059$17,406▼ $50,653
Total Liabilities$131,214$56,798▼ $74,416
Net Assets / Fund Balance
Unrestricted Net Assets$973,882$1,016,219▲ $42,337
Total Net Assets Fund Balance$973,882$1,016,219▲ $42,337
Total Liabilities and Net Assets / Fund Balance$1,105,096$1,073,017▼ $32,079

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$263,381$2,403,218$2,666,599
Equipment$305,619$304,078$609,697
Land$98,864-$98,864
Other Land Buildings$3,226$8,231$11,457
Other Assets Org$44,347--
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
$21,984
Program Service Revenue
$651,878
Investment Income
$960
Other Revenue
$6,215
Change in Net Assets
$42,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$681,037
Total Revenue per Audited Statements
$681,037
Total Revenue per Form 990
$681,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,026
Salaries, Compensation, and Employee Benefits$203,674
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$187,154--$187,154
Other Salaries and Wages$153,533--$153,533
Depreciation Depletion$132,479--$132,479
Fees for Services Management$47,675--$47,675
Other Employee Benefits$35,915--$35,915
Insurance$33,683--$33,683
Office Expenses$18,211--$18,211
Payroll Taxes$14,226--$14,226
Fees for Services Accounting$8,400--$8,400
Advertising$6,989--$6,989
Fees for Services Legal$350--$350
Other Expenses$85--$85
Total Functional Expenses$638,700$0$0$638,700

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$638,700
Total Expenses per Audited Statements$638,700
Total Expenses per Form 990$638,700
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 hbs management company, located in throop, pa. Prior to january 1, 2018, management duties were handled by management enterprises, inc., located in scranton, pa.”

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
5703460759
Address
777 KEYSTONE INDUSTRIAL PARK ROAD, THROOP, PA 18512

Signing Officer

Name
Michael Greenstein
Title
President
Phone
5703460759
Signed
2018-10-16
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
6
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/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/NetAssetsOrFundBalancesBOYAmt0973882
IRS990/NetAssetsOrFundBalancesEOYAmt01016219
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0187154
IRS990/OccupancyGrp/TotalAmt0187154
IRS990/OfficeExpensesGrp/ProgramServicesAmt018211
IRS990/OfficeExpensesGrp/TotalAmt018211
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0206520
IRS990/OtherAssetsTotalGrp/EOYAmt0262661
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035915
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035915
IRS990/OtherExpensesGrp/Desc0OTHER TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt085
IRS990/OtherExpensesGrp/TotalAmt085
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/OtherRevenueMiscGrp/Desc1DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05254
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1961
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05254
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1961
IRS990/OtherRevenueTotalAmt06215
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0153533
IRS990/OtherSalariesAndWagesGrp/TotalAmt0153533
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt014226
IRS990/PayrollTaxesGrp/TotalAmt014226
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024443
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019599
IRS990/PrincipalOfficerNm0MICHAEL GREENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY & LOW INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0651878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0651878
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt061702
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0210
IRS990/PYOtherExpensesAmt0474424
IRS990/PYOtherRevenueAmt017508
IRS990/PYProgramServiceRevenueAmt0622134
IRS990/PYRevenuesLessExpensesAmt033842
IRS990/PYSalariesCompEmpBnftPaidAmt0193288
IRS990/PYTotalExpensesAmt0667712
IRS990/PYTotalRevenueAmt0701554
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt042337
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038787
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039392
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST REDUCTION PAYMENTS 247,510 LAUNDRY AND VENDING INCOME 24,401 DAMAGES AND CLEANING FEES 12,300
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021984
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt061702
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt027886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt031067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0164548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0960
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0311
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0658093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0639642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0589829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0590978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0685087
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03163629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0311
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01670
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt017508
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt060118
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0102933
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0103652
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0284211
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92090
IRS990ScheduleA/PublicSupportPY509Pct00.89380
IRS990ScheduleA/PublicSupportTotal509Amt03328177
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0680077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0701344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0611738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0618864
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0716154
IRS990ScheduleA/Total509Grp/TotalAmt03328177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0681037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0719062
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0671976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0721866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0820117
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03614058
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0263381
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02403218
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02666599
IRS990ScheduleD/EquipmentGrp/BookValueAmt0305619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0304078
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0609697
IRS990ScheduleD/ExpensesSubtotalAmt0638700
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt098864
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt098864
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0218314
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt144347
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03226
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08231
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011457
IRS990ScheduleD/RevenueSubtotalAmt0681037
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/TotalBookValueLandBuildingsAmt0671090
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0262661
IRS990ScheduleD/TotalExpensesPerForm990Amt0638700
IRS990ScheduleD/TotalRevenuePerForm990Amt0681037
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0681037
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0638700
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 HBS MANAGEMENT COMPANY, LOCATED IN THROOP, PA. PRIOR TO JANUARY 1, 2018, MANAGEMENT DUTIES WERE HANDLED BY MANAGEMENT ENTERPRISES, INC., LOCATED IN SCRANTON, PA.
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/TotalAssetsBOYAmt01105096
IRS990/TotalAssetsEOYAmt01073017
IRS990/TotalAssetsGrp/BOYAmt01105096
IRS990/TotalAssetsGrp/EOYAmt01073017
IRS990/TotalCompGreaterThan150KInd0false

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,073,017
Liabilities
$56,798
Net assets
$1,016,219
Revenue
$681,037
Expenses
$638,700
Net income
$42,337
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