Civic Intelligence

Webster Towers Inc C/O Management Enterprises Inc

990 • Fiscal year 2020 • EIN 23-2742809

Jun 01, 2019 to May 31, 2020 • Filed on Nov 30, 2020

Organization ProfileN/A
425 Alder StreetScranton, PA 18505

(570) 346-0759

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.32x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.73x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

56th percentile

8.6%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

3.2%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$1,688,920

Up $298,726 (+21%) from 2019

Net Assets

Up

$1,150,977

Up $63,656 (+5.9%) from 2019

Liabilities

Up

$537,943

Up $235,070 (+78%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin56th percentile

Revenue

Up

$739,477

Up $22,922 (+3.2%) from 2019

Expenses

Up

$675,821

Up $30,368 (+4.7%) from 2019

Net Income

Down

$63,656

Down $7,446 (-10%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2020

Assets$1,688,920
Liabilities$537,943
Net Assets$1,150,977
Open 2020 Filing

Operations Trend

Revenue Growth55th 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

2020

Revenue$739,477
Expenses$675,821
Net Income$63,656
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Nov 30, 2020
Return Version
2019v5.0
Gross Receipts
$739,477
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$902,868$1,230,204▲ $327,336
Savings and Temporary Cash Investments$41,440$352,942▲ $311,502
Cash and Non-Interest-Bearing Accounts$56,808$71,023▲ $14,215
Prepaid Expenses and Deferred Charges$22,144$21,534▼ $610
Accounts Receivable$9,547$13,217▲ $3,670
Total Assets$1,390,194$1,688,920▲ $298,726
Other Assets Total$357,387--
Liabilities
Mortgage Notes Payable Secured by Investment Property$199,059$464,539▲ $265,480
Escrow Account Liability$41,440$41,847▲ $407
Accounts Payable and Accrued Expenses$62,374$31,557▼ $30,817
Total Liabilities$302,873$537,943▲ $235,070
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,087,321$1,150,977▲ $63,656
Total Net Assets Fund Balance$1,087,321$1,150,977▲ $63,656
Total Liabilities and Net Assets / Fund Balance$1,390,194$1,688,920▲ $298,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$714,251$2,541,123$3,255,374
Equipment$415,224$339,062$754,286
Land$98,864-$98,864
Other Land Buildings$1,865$11,035$12,900
Compensation and Service Providers
Top Officer Pay37th 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
Marshall KornblattDirector
Patricia AtkinsonDirector
Sheila Nudelman AbdoDirector
Stuart PollackDirector
Rabbi Samuel SandhausSecretary Tr
Richard G Fine EsquireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$35,306
Program Service Revenue
$694,155
Investment Income
$3,955
Other Revenue
$6,061
Change in Net Assets
$63,656

Audited Revenue Reconciliation

Revenue per Audited Statements
$739,477
Total Revenue per Audited Statements
$739,477
Total Revenue per Form 990
$739,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$482,313
Salaries, Compensation, and Employee Benefits$193,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$176,309--$176,309
Depreciation Depletion$162,713--$162,713
Other Salaries and Wages$150,134--$150,134
Fees for Services Management$52,097--$52,097
Insurance$36,507--$36,507
Other Employee Benefits$31,192--$31,192
Interest$19,096--$19,096
Office Expenses$17,295--$17,295
Payroll Taxes$12,182--$12,182
Fees for Services Accounting$8,520--$8,520
Conferences and Meetings$2,490--$2,490
Advertising$2,405--$2,405
Other Expenses$464--$464
Total Functional Expenses$675,821$0$0$675,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$675,821
Total Expenses per Audited Statements$675,821
Total Expenses per Form 990$675,821
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
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, now 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 hbs management company, the management agent. Hbs management company 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 hbs management company, the management agent. Hbs management company 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
425 ALDER STREET, SCRANTON, PA 18505

Signing Officer

Name
Michael Greenstein
Title
President
Phone
5703460759
Signed
2020-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Greenstein
Formed
1976
Legal Domicile
Pa
Voting Board Members
17
Independent Board Members
17
Employees
4
Volunteers
35

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/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02891220
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0902868
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01230204
IRS990/LandBldgEquipCostOrOtherBssAmt04121424
IRS990/LegalDomicileStateCd0PA
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/BOYAmt0199059
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0464539
IRS990/NetAssetsOrFundBalancesBOYAmt01087321
IRS990/NetAssetsOrFundBalancesEOYAmt01150977
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01087321
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01150977
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0176309
IRS990/OccupancyGrp/TotalAmt0176309
IRS990/OfficeExpensesGrp/ProgramServicesAmt017295
IRS990/OfficeExpensesGrp/TotalAmt017295
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0357387
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031192
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031192
IRS990/OtherExpensesGrp/Desc0LICENSING FEES & OTHER
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt04417
IRS990/OtherExpensesGrp/ProgramServicesAmt1464
IRS990/OtherExpensesGrp/TotalAmt04417
IRS990/OtherExpensesGrp/TotalAmt1464
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/OtherRevenueMiscGrp/Desc1DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05117
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1944
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05117
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1944
IRS990/OtherRevenueTotalAmt06061
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0150134
IRS990/OtherSalariesAndWagesGrp/TotalAmt0150134
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt012182
IRS990/PayrollTaxesGrp/TotalAmt012182
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022144
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021534
IRS990/PrincipalOfficerNm0MICHAEL GREENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY & LOW INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0694155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0694155
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt034128
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01421
IRS990/PYOtherExpensesAmt0448886
IRS990/PYOtherRevenueAmt05598
IRS990/PYProgramServiceRevenueAmt0675408
IRS990/PYRevenuesLessExpensesAmt071102
IRS990/PYSalariesCompEmpBnftPaidAmt0196567
IRS990/PYTotalExpensesAmt0645453
IRS990/PYTotalRevenueAmt0716555
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt063656
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0739477
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041440
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0352942
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST REDUCTION PAYMENTS 61,449 LAUNDRY AND VENDING INCOME 11,473 DAMAGES AND CLEANING FEES 4,704
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035306
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt034128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021984
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt061702
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt021909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0175029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03955
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0960
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0700216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0681006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0658093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0639642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0589829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03268786
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03955
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06666
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt017508
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt060118
IRS990ScheduleA/OtherIncome509Grp/TotalAmt077626
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97610
IRS990ScheduleA/PublicSupportPY509Pct00.94780
IRS990ScheduleA/PublicSupportTotal509Amt03443815
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0735522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0715134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0680077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0701344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0611738
IRS990ScheduleA/Total509Grp/TotalAmt03443815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0739477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0716555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0681037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0719062
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0671976
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03528107
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0714251
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02541123
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03255374
IRS990ScheduleD/EquipmentGrp/BookValueAmt0415224
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0339062
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0754286
IRS990ScheduleD/ExpensesSubtotalAmt0675821
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt098864
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt098864
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01865
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011035
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012900
IRS990ScheduleD/RevenueSubtotalAmt0739477
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/TotalBookValueLandBuildingsAmt01230204
IRS990ScheduleD/TotalExpensesPerForm990Amt0675821
IRS990ScheduleD/TotalRevenuePerForm990Amt0739477
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0739477
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0675821
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, NOW 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 HBS MANAGEMENT COMPANY, THE MANAGEMENT AGENT. HBS MANAGEMENT COMPANY INFORMS THE BOARD OF DIRECTORS OF ALL SIGNIFICANT PERSONNEL ISSUES AT QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HIRING AND SALARY DECISIONS ARE MADE BY HBS MANAGEMENT COMPANY, THE MANAGEMENT AGENT. HBS MANAGEMENT COMPANY 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

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,688,920
Liabilities
$537,943
Net assets
$1,150,977
Revenue
$739,477
Expenses
$675,821
Net income
$63,656
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