Civic Intelligence

Webster Towers Inc C/O Management Enterprises Inc

990 • Fiscal year 2021 • EIN 23-2742809

Jun 01, 2020 to May 31, 2021 • Filed on Dec 02, 2021

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

74th percentile

0.29x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.63x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

35th percentile

4.6%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

22nd percentile

-1.6%

Faster asset growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

2.7%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,661,224

Down $27,696 (-1.6%) from 2020

Net Assets

Up

$1,186,261

Up $35,284 (+3.1%) from 2020

Liabilities

Down

$474,963

Down $62,980 (-12%) from 2020

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin35th percentile

Revenue

Up

$759,580

Up $20,103 (+2.7%) from 2020

Expenses

Up

$724,296

Up $48,475 (+7.2%) from 2020

Net Income

Down

$35,284

Down $28,372 (-45%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2021

Assets$1,661,224
Liabilities$474,963
Net Assets$1,186,261
Open 2021 Filing

Operations Trend

Revenue Growth37th 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

2021

Revenue$759,580
Expenses$724,296
Net Income$35,284
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Dec 2, 2021
Return Version
2020v4.0
Gross Receipts
$759,580
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$1,230,204$1,240,204▲ $10,000
Savings and Temporary Cash Investments$352,942$373,537▲ $20,595
Prepaid Expenses and Deferred Charges$21,534$22,531▲ $997
Accounts Receivable$13,217$14,417▲ $1,200
Cash and Non-Interest-Bearing Accounts$71,023$10,535▼ $60,488
Total Assets$1,688,920$1,661,224▼ $27,696
Liabilities
Mortgage Notes Payable Secured by Investment Property$464,539$417,458▼ $47,081
Escrow Account Liability$41,847$42,732▲ $885
Accounts Payable and Accrued Expenses$31,557$14,773▼ $16,784
Total Liabilities$537,943$474,963▼ $62,980
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,150,977$1,186,261▲ $35,284
Total Net Assets Fund Balance$1,150,977$1,186,261▲ $35,284
Total Liabilities and Net Assets / Fund Balance$1,688,920$1,661,224▼ $27,696

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$616,103$2,639,271$3,255,374
Equipment$447,980$416,630$864,610
Land$117,464-$117,464
Other Land Buildings$58,657$9,513$68,170
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Michael GreensteinPresident
Andrew Hailstone EsqDirector
David AndersonDirector
Douglas FinkDirector
Eleanor LiebermanDirector
Fern BlumDirector
Gayle GreensteinDirector
Harold BaillieDirector
Jerry J Weinberger EsquireDirector
Margaret SheldonDirector
Mary Rose ApplegateDirector
Patricia AtkinsonDirector
Sheila Nudelman AbdoDirector
Stuart PollackDirector
Rabbi Samuel SandhausSecretary Tr
Richard G Fine EsquireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$31,443
Program Service Revenue
$719,932
Investment Income
$766
Other Revenue
$7,439
Change in Net Assets
$35,284

Audited Revenue Reconciliation

Revenue per Audited Statements
$759,580
Total Revenue per Audited Statements
$759,580
Total Revenue per Form 990
$759,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$537,927
Salaries, Compensation, and Employee Benefits$186,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$214,178--$214,178
Depreciation Depletion$179,879--$179,879
Other Salaries and Wages$142,940--$142,940
Fees for Services Management$53,944--$53,944
Insurance$35,677--$35,677
Other Employee Benefits$31,997--$31,997
Interest$21,003--$21,003
Office Expenses$11,830--$11,830
Payroll Taxes$11,432--$11,432
Fees for Services Accounting$8,580--$8,580
Advertising$8,113--$8,113
Conferences and Meetings$921--$921
Other Expenses$7--$7
Total Functional Expenses$724,296$0$0$724,296

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$724,296
Total Expenses per Audited Statements$724,296
Total Expenses per Form 990$724,296
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
Annual disclosure for covered persons
Yes
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
Yes
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 12C

“All members of the board of dirctors prepare and sign a "conflict of interest" reporting document each year, in which the members disclose any conflicts of interest they might have with tenants, cusotmers, vendors, or other directors. The officers review the signed "conflict of interest" reporting documents each year.”

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
2021-12-02
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
25

Preparer

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

Additional Explanations

Form 990, Page 1, Part I, Line 6

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

Financial Statement Notes

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

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

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01240204
IRS990/LandBldgEquipCostOrOtherBssAmt04305618
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/BOYAmt0464539
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0417458
IRS990/NetAssetsOrFundBalancesBOYAmt01150977
IRS990/NetAssetsOrFundBalancesEOYAmt01186261
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01150977
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01186261
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0214178
IRS990/OccupancyGrp/TotalAmt0214178
IRS990/OfficeExpensesGrp/ProgramServicesAmt011830
IRS990/OfficeExpensesGrp/TotalAmt011830
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031997
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031997
IRS990/OtherExpensesGrp/Desc0LICENSING FEES & OTHER
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt03795
IRS990/OtherExpensesGrp/ProgramServicesAmt17
IRS990/OtherExpensesGrp/TotalAmt03795
IRS990/OtherExpensesGrp/TotalAmt17
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REVENUE
IRS990/OtherRevenueMiscGrp/Desc1DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05623
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11816
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05623
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11816
IRS990/OtherRevenueTotalAmt07439
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0142940
IRS990/OtherSalariesAndWagesGrp/TotalAmt0142940
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt011432
IRS990/PayrollTaxesGrp/TotalAmt011432
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022531
IRS990/PrincipalOfficerNm0MICHAEL GREENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY & LOW INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0719932
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0719932
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt035306
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03955
IRS990/PYOtherExpensesAmt0482313
IRS990/PYOtherRevenueAmt06061
IRS990/PYProgramServiceRevenueAmt0694155
IRS990/PYRevenuesLessExpensesAmt063656
IRS990/PYSalariesCompEmpBnftPaidAmt0193508
IRS990/PYTotalExpensesAmt0675821
IRS990/PYTotalRevenueAmt0739477
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt035284
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0759580
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0352942
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0373537
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST REDUCTION PAYMENTS 7,681 LAUNDRY AND VENDING INCOME 6,146 DAMAGES AND CLEANING FEES 3,681
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031443
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt035306
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt034128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021984
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt061702
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0184563
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0766
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03955
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0960
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0727371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0700216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0681006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0658093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0639642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03406328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0766
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03955
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07312
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017508
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017508
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99310
IRS990ScheduleA/PublicSupportPY509Pct00.97610
IRS990ScheduleA/PublicSupportTotal509Amt03590891
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0758814
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0735522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0715134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0680077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0701344
IRS990ScheduleA/Total509Grp/TotalAmt03590891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0759580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0739477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0716555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0681037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0719062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03615711
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0616103
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02639271
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03255374
IRS990ScheduleD/EquipmentGrp/BookValueAmt0447980
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0416630
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0864610
IRS990ScheduleD/ExpensesSubtotalAmt0724296
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0117464
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0117464
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt058657
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09513
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068170
IRS990ScheduleD/RevenueSubtotalAmt0759580
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/TotalBookValueLandBuildingsAmt01240204
IRS990ScheduleD/TotalExpensesPerForm990Amt0724296
IRS990ScheduleD/TotalRevenuePerForm990Amt0759580
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0759580
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0724296
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/ExplanationTxt3ALL MEMBERS OF THE BOARD OF DIRCTORS PREPARE AND SIGN A "CONFLICT OF INTEREST" REPORTING DOCUMENT EACH YEAR, IN WHICH THE MEMBERS DISCLOSE ANY CONFLICTS OF INTEREST THEY MIGHT HAVE WITH TENANTS, CUSOTMERS, VENDORS, OR OTHER DIRECTORS. THE OFFICERS REVIEW THE SIGNED "CONFLICT OF INTEREST" REPORTING DOCUMENTS EACH YEAR.
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/ExplanationTxt5HIRING 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/ExplanationTxt6A 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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,661,224
Liabilities
$474,963
Net assets
$1,186,261
Revenue
$759,580
Expenses
$724,296
Net income
$35,284
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