Civic Intelligence

Methodist Towers Inc.

990 • Fiscal year 2017 • EIN 23-7213451

Oct 01, 2016 to Sep 30, 2017 • Filed on May 14, 2018

Organization ProfileWWW.METHODISTTOWERS.COM
160 West 8th StreetErie, PA 16501-1013

(814) 456-1783

Siviq Scores

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

Liabilities / Assets

67th percentile

0.14x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.14x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

49th percentile

3.2%

Higher net margin than 49% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$50,857

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

56th percentile

5.7%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

8.3%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$706,089

Up $37,779 (+5.7%) from 2016

Net Assets

Up

$608,809

Up $22,602 (+3.9%) from 2016

Liabilities

Up

$97,280

Up $15,177 (+18%) from 2016

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin49th percentile

Revenue

Up

$716,733

Up $54,806 (+8.3%) from 2016

Expenses

Up

$694,131

Up $8,957 (+1.3%) from 2016

Net Income

Up

$22,602

Up $45,849 (+197%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $936,730Liabilities 2010: $464,417Net Assets 2010: $472,3132010Assets 2011: $803,187Liabilities 2011: $304,685Net Assets 2011: $498,5022011Assets 2012: $721,370Liabilities 2012: $133,653Net Assets 2012: $587,7172012Assets 2013: $735,338Liabilities 2013: $105,275Net Assets 2013: $630,0632013Assets 2014: $684,778Liabilities 2014: $73,361Net Assets 2014: $611,4172014Assets 2015: $696,016Liabilities 2015: $86,562Net Assets 2015: $609,4542015Assets 2016: $668,310Liabilities 2016: $82,103Net Assets 2016: $586,2072016Assets 2017: $706,089Liabilities 2017: $97,280Net Assets 2017: $608,8092017Assets 2018: $694,875Liabilities 2018: $86,877Net Assets 2018: $607,9982018Assets 2019: $662,776Liabilities 2019: $55,851Net Assets 2019: $606,9252019Assets 2020: $817,198Liabilities 2020: $62,349Net Assets 2020: $754,8492020Assets 2021: $825,455Liabilities 2021: $62,257Net Assets 2021: $763,1982021Assets 2025: $651,773Liabilities 2025: $0Net Assets 2025: $651,7732025

Highlighted filing

2017

Assets$706,089
Liabilities$97,280
Net Assets$608,809
Open 2017 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $669,7002010Expenses 2011: $692,3402011Expenses 2012: $633,8562012Expenses 2013: $615,2632013Revenue 2014: $653,513Expenses 2014: $672,159Net Income 2014: -$18,6462014Revenue 2015: $674,158Expenses 2015: $676,121Net Income 2015: -$1,9632015Revenue 2016: $661,927Expenses 2016: $685,174Net Income 2016: -$23,2472016Revenue 2017: $716,733Expenses 2017: $694,131Net Income 2017: $22,6022017Revenue 2018: $744,612Expenses 2018: $745,423Net Income 2018: -$8112018Revenue 2019: $709,287Expenses 2019: $710,360Net Income 2019: -$1,0732019Revenue 2020: $852,817Expenses 2020: $704,893Net Income 2020: $147,9242020Revenue 2021: $811,089Expenses 2021: $802,740Net Income 2021: $8,3492021Revenue 2025: $28,006Expenses 2025: $23,315Net Income 2025: $4,6912025

Highlighted filing

2017

Revenue$716,733
Expenses$694,131
Net Income$22,602
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$716,733
Mission and Program Overview

Mission

To provide for affordable housing for low income and meet the physical, social and psychological needs of the elderly

To provide affordable rental housing and related facilities and services specially designed to meet the physical, social, and psychological needs of the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$402,300$334,914▼ $67,386
Savings and Temporary Cash Investments$16,926$30,072▲ $13,146
Prepaid Expenses and Deferred Charges$24,275$25,945▲ $1,670
Cash and Non-Interest-Bearing Accounts$3,329$6,982▲ $3,653
Accounts Receivable$3,830$2,108▼ $1,722
Total Assets$668,310$706,089▲ $37,779
Other Assets Total$217,650$306,068▲ $88,418
Liabilities
Escrow Account Liability$47,367$46,997▼ $370
Mortgage Notes Payable Secured by Investment Property$23,281$25,236▲ $1,955
Accounts Payable and Accrued Expenses$8,285$21,043▲ $12,758
Deferred Revenue$3,170$4,004▲ $834
Total Liabilities$82,103$97,280▲ $15,177
Net Assets / Fund Balance
Unrestricted Net Assets$586,207$608,809▲ $22,602
Total Net Assets Fund Balance$586,207$608,809▲ $22,602
Total Liabilities and Net Assets / Fund Balance$668,310$706,089▲ $37,779

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$265,824$3,368,595$3,634,419
Other Land Buildings$66,050$316,823$382,873
Equipment$3,040$24,388$27,428
Other Assets Org$25,459--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Darlene WinickiExecutive DirectorFT$50,857$50,857

Board Members and Trustees

NameTitle
Bruce BernardPresident
John BartlettDirector
Linda DonatiDirector
Marguerite JonesDirector
Mary CampbellDirector
Rev James ParkinsonDirector
Ronald NormanDirector
Trudy SmithDirector
Walter ToperzerDirector
James ReimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$164,495
Program Service Revenue
$521,710
Investment Income
$263
Other Revenue
$30,265
Change in Net Assets
$22,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,728
Salaries, Compensation, and Employee Benefits$208,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$250,833--$250,833
Other Salaries and Wages$118,841--$118,841
Depreciation Depletion$70,331$4,683-$75,014
Current Officers, Directors, Trustees, and Key Employees-$58,330-$58,330
Insurance$34,893--$34,893
Office Expenses$19,520--$19,520
Pension Plan Contributions$18,403--$18,403
Payroll Taxes$12,829--$12,829
Advertising$9,612--$9,612
Fees for Services Legal-$6,993-$6,993
Fees for Services Accounting-$6,540-$6,540
Other Expenses$9,185$5,607-$5,607
Interest$461--$461
Total Functional Expenses$611,978$82,153$0$694,131
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
Yes
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The board of directors is the governing body. There are no underlying committees.”

Form 990, Part VI, Section B, line 11B

“990 is reviewed by the executive director along with the CPA who prepared the return.”

Form 990, Part VI, Section B, line 15A

“The organization's budget is prepared by the executive director. Included within the budget is the executive director's proposed salary. The budget runs in direct correlation with the number of apartment rentals and vacancies. In order to facilitate independent discussion regarding the executive director's salary, the board asks her to leave the meeting room. Final board approval is made without her presence.”

Form 990, Part VI, Section C, line 19

“The organization makes it's governing documents and financial statements available upon verbal request.”

Filing and Contact Details

Filer

Filer Name
Methodist Towers Inc
EIN
23-7213451
Phone
8144561783
Address
160 West 8th Street, Erie, PA 16501-1013

Signing Officer

Name
Darlene Winicki
Title
Executive Director
Phone
8144561783
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darlene Winicki
Formed
1968
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
8
Volunteers
0

Preparer

Firm
Mcgill Power Bell & Associates Llp
Address
1920 WEST 8TH STREET, ERIE, PA 16505
Preparer
Shawn Emerson
Phone
8144536594
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B:

“Security deposits held of behalf of residents.”

Part X, Line 2:

“The project is exempt from income tax under section 501(c)(3) of the internal revenue code. Interest and penalties related to tax reporting are recognized when incurred and are included as administrative expenses in the statement of activities. There were no interest or penalties incurred related to tax reporting for the years ended september 30, 2017 and 2016. The project's tax returns are subject to audit by various taxing authorities. The open audit periods for the project are the fiscal years ending 2014, 2015, 2016, and 2017. The project follows the topic of income taxes from the financial accounting standards board, accounting standards codification ("fasb asc") with regard to the accounting and recognition of income tax positions taken or expected to be taken in the project's tax returns.”

Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08285
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt021043
IRS990/AccountsReceivableGrp/BOYAmt03830
IRS990/AccountsReceivableGrp/EOYAmt02108
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.
IRS990/AdvertisingGrp/ProgramServicesAmt09612
IRS990/AdvertisingGrp/TotalAmt09612
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DARLENE WINICKI
IRS990/BooksInCareOfDetail/PhoneNum08144561783
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0160 WEST 8TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ERIE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd016501
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03329
IRS990/CashNonInterestBearingGrp/EOYAmt06982
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt058330
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt058330
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0164495
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0263
IRS990/CYOtherExpensesAmt0485728
IRS990/CYOtherRevenueAmt030265
IRS990/CYProgramServiceRevenueAmt0521710
IRS990/CYRevenuesLessExpensesAmt022602
IRS990/CYSalariesCompEmpBnftPaidAmt0208403
IRS990/CYTotalExpensesAmt0694131
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0716733
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03170
IRS990/DeferredRevenueGrp/EOYAmt04004
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt04683
IRS990/DepreciationDepletionGrp/ProgramServicesAmt070331
IRS990/DepreciationDepletionGrp/TotalAmt075014
IRS990/Desc0APARTMENT BUILDING OPERATES TO PROVIDE HOUSNG FOR THE ELDERLY AND OPERATED UNDER THE TERMS OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REGULATORY AGREEMENT UNTIL THE MORTGAGE BALANCE WAS ZERO. METHODIST TOWERS HOUSES APPROXIMATLEY 130 RESIDENCES YEAR ROUND.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt047367
IRS990/EscrowAccountLiabilityGrp/EOYAmt046997
IRS990/ExpenseAmt0531044
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06540
IRS990/FeesForServicesAccountingGrp/TotalAmt06540
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06993
IRS990/FeesForServicesLegalGrp/TotalAmt06993
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1037.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0BRUCE BERNARD
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES REIM
IRS990/Form990PartVIISectionAGrp/PersonNm2WALTER TOPERZER
IRS990/Form990PartVIISectionAGrp/PersonNm3LINDA DONATI
IRS990/Form990PartVIISectionAGrp/PersonNm4RONALD NORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5TRUDY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6MARGUERITE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm7MARY CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm8REV JAMES PARKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN BARTLETT
IRS990/Form990PartVIISectionAGrp/PersonNm10DARLENE WINICKI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1050857
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0164495
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0716733
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt034893
IRS990/InsuranceGrp/TotalAmt034893
IRS990/InterestGrp/ProgramServicesAmt0461
IRS990/InterestGrp/TotalAmt0461
IRS990/InvestmentIncomeGrp/ExclusionAmt0263
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0263
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03709806
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0402300
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0334914
IRS990/LandBldgEquipCostOrOtherBssAmt04044720
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt023281
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt025236
IRS990/NetAssetsOrFundBalancesBOYAmt0586207
IRS990/NetAssetsOrFundBalancesEOYAmt0608809
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0250833
IRS990/OccupancyGrp/TotalAmt0250833
IRS990/OfficeExpensesGrp/ProgramServicesAmt019520
IRS990/OfficeExpensesGrp/TotalAmt019520
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0217650
IRS990/OtherAssetsTotalGrp/EOYAmt0306068
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Contracts
IRS990/OtherExpensesGrp/Desc1KITCHEN SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc3MISCELANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05607
IRS990/OtherExpensesGrp/ProgramServicesAmt051121
IRS990/OtherExpensesGrp/ProgramServicesAmt115949
IRS990/OtherExpensesGrp/ProgramServicesAmt29185
IRS990/OtherExpensesGrp/TotalAmt051121
IRS990/OtherExpensesGrp/TotalAmt115949
IRS990/OtherExpensesGrp/TotalAmt29185
IRS990/OtherExpensesGrp/TotalAmt35607
IRS990/OtherRevenueMiscGrp/BusinessCd0722210
IRS990/OtherRevenueMiscGrp/BusinessCd1812300
IRS990/OtherRevenueMiscGrp/Desc0KITCHEN INCOME
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING REVE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015959
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt114306
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015959
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt114306
IRS990/OtherRevenueTotalAmt030265
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0118841
IRS990/OtherSalariesAndWagesGrp/TotalAmt0118841
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012829
IRS990/PayrollTaxesGrp/TotalAmt012829
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018403
IRS990/PensionPlanContributionsGrp/TotalAmt018403
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024275
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025945
IRS990/PrincipalOfficerNm0DARLENE WINICKI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0Rent Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0521710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0521710
IRS990/ProgSrvcAccomActy2Grp/Desc0A RESIDENT SERVICE COORDINATOR LINKS RESIDENTS TO EXISTING SERVICES AND RESOURCES IN THE COMMUNITY, ASSISTS RESIDENTS TO BUILD AN INFORMAL SUPPORT NETWORK AMOUNG THEMSELVES, ENCOURAGES RESIDENTS TO BE PROACTIVE IN MEETING THEIR SOCIAL, PSYCHOLOGICAL AND PHYSICAL NEEDS. THE RESIDENT SERVICE COORDINATOR AIDES IN THE ABILITY OF TENANTS TO UPHOLD THEIR LEASE OBLIGATIONS SUCH AS PAYING THEIR RENT ON TIME, TAKING PROPER CARE OF THEIR UNIT AND ENSURING QUIET ENJOYMENT OF THE PROPERTY FOR ALL RESIDENTS AND SURROUNDING NEIGHBORS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt054414
IRS990/ProgSrvcAccomActy3Grp/Desc0KITCHEN SERVICES - LUNCH MEALS FOR RESIDENTS MONDAY THRU FRIDAY, SERVING OVER 6,000 MEALS IN THE CURRENT YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt026520
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt015959
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0122698
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0175
IRS990/PYOtherExpensesAmt0480800
IRS990/PYOtherRevenueAmt028979
IRS990/PYProgramServiceRevenueAmt0510075
IRS990/PYRevenuesLessExpensesAmt0-23247
IRS990/PYSalariesCompEmpBnftPaidAmt0204374
IRS990/PYTotalExpensesAmt0685174
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0661927
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt022602
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0536016
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016926
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0164495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0122698
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0155839
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0159500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0178833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0781365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0175
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0260
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0242
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0277
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01217
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct00.99860
IRS990ScheduleA/PublicSupportTotal170Amt0781365
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0164495
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0122698
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0155839
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0159500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0178833
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0781365
IRS990ScheduleA/TotalSupportAmt0782582
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0265824
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03368595
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03634419
IRS990ScheduleD/EquipmentGrp/BookValueAmt03040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024388
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027428
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046998
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1233611
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt225459
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT SAVINGS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACE-MT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066050
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0316823
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0382873
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SECURITY DEPOSITS HELD OF BEHALF OF RESIDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INTEREST AND PENALTIES RELATED TO TAX REPORTING ARE RECOGNIZED WHEN INCURRED AND ARE INCLUDED AS ADMINISTRATIVE EXPENSES IN THE STATEMENT OF ACTIVITIES. THERE WERE NO INTEREST OR PENALTIES INCURRED RELATED TO TAX REPORTING FOR THE YEARS ENDED SEPTEMBER 30, 2017 AND 2016. THE PROJECT'S TAX RETURNS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE OPEN AUDIT PERIODS FOR THE PROJECT ARE THE FISCAL YEARS ENDING 2014, 2015, 2016, AND 2017. THE PROJECT FOLLOWS THE TOPIC OF INCOME TAXES FROM THE FINANCIAL ACCOUNTING STANDARDS BOARD, ACCOUNTING STANDARDS CODIFICATION ("FASB ASC") WITH REGARD TO THE ACCOUNTING AND RECOGNITION OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE PROJECT'S TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0334914
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0306068
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS IS THE GOVERNING BODY. THERE ARE NO UNDERLYING COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 is reviewed by the executive director along with the CPA who prepared the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BUDGET IS PREPARED BY THE EXECUTIVE DIRECTOR. INCLUDED WITHIN THE BUDGET IS THE EXECUTIVE DIRECTOR'S PROPOSED SALARY. THE BUDGET RUNS IN DIRECT CORRELATION WITH THE NUMBER OF APARTMENT RENTALS AND VACANCIES. IN ORDER TO FACILITATE INDEPENDENT DISCUSSION REGARDING THE EXECUTIVE DIRECTOR'S SALARY, THE BOARD ASKS HER TO LEAVE THE MEETING ROOM. FINAL BOARD APPROVAL IS MADE WITHOUT HER PRESENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON VERBAL REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0668310
IRS990/TotalAssetsEOYAmt0706089
IRS990/TotalAssetsGrp/BOYAmt0668310
IRS990/TotalAssetsGrp/EOYAmt0706089
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0164495
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082153
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0611978
IRS990/TotalFunctionalExpensesGrp/TotalAmt0694131
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt082103
IRS990/TotalLiabilitiesEOYAmt097280
IRS990/TotalLiabilitiesGrp/BOYAmt082103
IRS990/TotalLiabilitiesGrp/EOYAmt097280
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0586207
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0608809
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0611978
IRS990/TotalProgramServiceRevenueAmt0521710
IRS990/TotalReportableCompFromOrgAmt050857
IRS990/TotalRevenueGrp/ExclusionAmt0263
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0551975
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0716733
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0668310
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0706089
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0586207
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0608809
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0160 WEST 8TH STREET
IRS990/USAddress/CityNm0ERIE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016501
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.METHODISTTOWERS.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$706,089
Liabilities
$97,280
Net assets
$608,809
Revenue
$716,733
Expenses
$694,131
Net income
$22,602
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.52$0.00$6.52$0.28$0.23$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.25$0.62$7.63$8.11$8.03$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.17$0.62$7.55$8.53$7.05$1.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.63$0.56$6.07$7.09$7.10$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.95$0.87$6.08$7.45$7.45$0.01
2017Detailed filing. Detailed filing data is available for this year.$7.06$0.97$6.09$7.17$6.94$0.23
2016Detailed filing. Detailed filing data is available for this year.$6.68$0.82$5.86$6.62$6.85$0.23
2015Detailed filing. Detailed filing data is available for this year.$6.96$0.87$6.09$6.74$6.76$0.02
2014Detailed filing. Detailed filing data is available for this year.$6.85$0.73$6.11$6.54$6.72$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$1.05$6.30$6.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.21$1.34$5.88$6.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$3.05$4.99$6.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.37$4.64$4.72$6.70