Civic Intelligence

Webster Towers Inc C/O Management Enterprises Inc

990 • Fiscal year 2019 • EIN 23-2742809

Jun 01, 2018 to May 31, 2019 • Filed on Oct 09, 2019

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

66th percentile

0.22x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.42x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

65th percentile

9.9%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

85th percentile

30%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

5.2%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,390,194

Up $317,177 (+30%) from 2018

Net Assets

Up

$1,087,321

Up $71,102 (+7.0%) from 2018

Liabilities

Up

$302,873

Up $246,075 (+433%) from 2018

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin65th percentile

Revenue

Up

$716,555

Up $35,518 (+5.2%) from 2018

Expenses

Up

$645,453

Up $6,753 (+1.1%) from 2018

Net Income

Up

$71,102

Up $28,765 (+68%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2019

Assets$1,390,194
Liabilities$302,873
Net Assets$1,087,321
Open 2019 Filing

Operations Trend

Revenue Growth53rd 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

2019

Revenue$716,555
Expenses$645,453
Net Income$71,102
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$716,555
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$671,090$902,868▲ $231,778
Cash and Non-Interest-Bearing Accounts$71,628$56,808▼ $14,820
Savings and Temporary Cash Investments$39,392$41,440▲ $2,048
Prepaid Expenses and Deferred Charges$19,599$22,144▲ $2,545
Accounts Receivable$8,647$9,547▲ $900
Total Assets$1,073,017$1,390,194▲ $317,177
Other Assets Total$262,661$357,387▲ $94,726
Liabilities
Mortgage Notes Payable Secured by Investment Property-$199,059-
Accounts Payable and Accrued Expenses$17,406$62,374▲ $44,968
Escrow Account Liability$39,392$41,440▲ $2,048
Total Liabilities$56,798$302,873▲ $246,075
Net Assets / Fund Balance
Unrestricted Net Assets$1,016,219$1,087,321▲ $71,102
Total Net Assets Fund Balance$1,016,219$1,087,321▲ $71,102
Total Liabilities and Net Assets / Fund Balance$1,073,017$1,390,194▲ $317,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$432,086$2,478,205$2,910,291
Equipment$368,779$274,754$643,533
Land$98,864-$98,864
Other Land Buildings$3,139$9,761$12,900
Other Assets Org$10,910--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Michael GreensteinPresident
Andrew Hailstone EsqDirector
David AndersonDirector
Eleanor LiebermanDirector
Fern BlumDirector
Gayle GreensteinDirector
Harold BaillieDirector
Jerry J WeinbergerDirector
Lou KahanowitzDirector
Margaret SheldonDirector
Mark WeinerDirector
Patricia AtkinsonDirector
Sheila Nudelman AbdoDirector
Stuart PollackDirector
Rabbi Samuel SandhausSecretary Tr
Richard G Fine EsquireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$34,128
Program Service Revenue
$675,408
Investment Income
$1,421
Other Revenue
$5,598
Change in Net Assets
$71,102

Audited Revenue Reconciliation

Revenue per Audited Statements
$716,555
Total Revenue per Audited Statements
$716,555
Total Revenue per Form 990
$716,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,886
Salaries, Compensation, and Employee Benefits$196,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$192,488--$192,488
Other Salaries and Wages$148,453--$148,453
Depreciation Depletion$133,878--$133,878
Fees for Services Management$47,154--$47,154
Other Employee Benefits$35,506--$35,506
Insurance$33,061--$33,061
Office Expenses$16,189--$16,189
Payroll Taxes$12,608--$12,608
Fees for Services Accounting$8,460--$8,460
Other Expenses$7,691--$7,691
Fees for Services Legal$3,841--$3,841
Advertising$3,551--$3,551
Interest$2,573--$2,573
Total Functional Expenses$645,453$0$0$645,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$645,453
Total Expenses per Audited Statements$645,453
Total Expenses per Form 990$645,453
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.”

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
2019-10-09
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
4
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/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/EOYAmt0199059
IRS990/NetAssetsOrFundBalancesBOYAmt01016219
IRS990/NetAssetsOrFundBalancesEOYAmt01087321
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0192488
IRS990/OccupancyGrp/TotalAmt0192488
IRS990/OfficeExpensesGrp/ProgramServicesAmt016189
IRS990/OfficeExpensesGrp/TotalAmt016189
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0262661
IRS990/OtherAssetsTotalGrp/EOYAmt0357387
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035506
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035506
IRS990/OtherExpensesGrp/Desc0LICENSING FEES & OTHER
IRS990/OtherExpensesGrp/ProgramServicesAmt07691
IRS990/OtherExpensesGrp/TotalAmt07691
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/OtherRevenueMiscGrp/Desc1DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05086
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1512
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05086
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1512
IRS990/OtherRevenueTotalAmt05598
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0148453
IRS990/OtherSalariesAndWagesGrp/TotalAmt0148453
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt012608
IRS990/PayrollTaxesGrp/TotalAmt012608
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019599
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022144
IRS990/PrincipalOfficerNm0MICHAEL GREENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY & LOW INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0675408
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0675408
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt021984
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0960
IRS990/PYOtherExpensesAmt0435026
IRS990/PYOtherRevenueAmt06215
IRS990/PYProgramServiceRevenueAmt0651878
IRS990/PYRevenuesLessExpensesAmt042337
IRS990/PYSalariesCompEmpBnftPaidAmt0203674
IRS990/PYTotalExpensesAmt0638700
IRS990/PYTotalRevenueAmt0681037
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt071102
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039392
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041440
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST REDUCTION PAYMENTS 154,165 LAUNDRY AND VENDING INCOME 17,616 DAMAGES AND CLEANING FEES 8,778
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt034128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021984
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt061702
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0167609
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0960
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0681006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0658093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0639642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0589829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0590978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03159548
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02780
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt017508
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt060118
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0102933
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0180559
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94780
IRS990ScheduleA/PublicSupportPY509Pct00.92090
IRS990ScheduleA/PublicSupportTotal509Amt03327157
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0715134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0680077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0701344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0611738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0618864
IRS990ScheduleA/Total509Grp/TotalAmt03327157
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0716555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0681037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0719062
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0671976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0721866
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03510496
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0432086
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02478205
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02910291
IRS990ScheduleD/EquipmentGrp/BookValueAmt0368779
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0274754
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0643533
IRS990ScheduleD/ExpensesSubtotalAmt0645453
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt098864
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt098864
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0306577
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt139900
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210910
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03139
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09761
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012900
IRS990ScheduleD/RevenueSubtotalAmt0716555
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/TotalBookValueLandBuildingsAmt0902868
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0357387
IRS990ScheduleD/TotalExpensesPerForm990Amt0645453
IRS990ScheduleD/TotalRevenuePerForm990Amt0716555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0716555
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0645453
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.
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,390,194
Liabilities
$302,873
Net assets
$1,087,321
Revenue
$716,555
Expenses
$645,453
Net income
$71,102
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