2024-05-03T13:29:50-05:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2023-01-01 232212212 ARDMORE HOUSING FOR THE ELDERLY INC ARDM 2158558700 75 ARDMORE AVENUE ARDMORE PA 19003 MARYAM PHILLIPS PRESIDENT 6102380580 2024-05-01 1 MARYAM PHILLIPS 999009999 0 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARYAM PHILLIPS 75 ARDMORE AVENUE ARDMORE PA 19003 809201 0 X WWW.ARDMOREHOUSE.ORG X 1982 PA TO PROVIDE FOR ELDERLY PERSONS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE AGED. 8 8 5 8 0 0 765436 540914 233360 242813 3802 25474 0 0 1002598 809201 0 0 0 0 198900 233214 0 0 0 536946 498602 735846 731816 266752 77385 2266525 2216807 1637223 1510120 629302 706687 TO PROVIDE FOR ELDERLY PERSONS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE AGED AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 0 0 556032 242813 PROVIDING QUALIFIED LOW INCOME & ELDERLY PERSONS WITH HOUSING FACILITIES & SERVICES DESIGNED TO MEET THEIR SPECIFIC NEEDS WITH THE CHARGES THEREOF TO BE ON A NON-PROFIT BASIS. 556032 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 7 5 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X GROSSE & QUADE MANAGEMENT CO 2158558700 762 E MAIN ST LANSDALE PA 19446 X MARYAM PHILLIPS PRESIDENT 0.30 X X 0 0 0 BISHOP MICHAEL BROKENBOROUGH VICE PRESIDENT 0.30 X X 0 0 0 MARY GRAHAM-ZAK SECRETARY 0.30 X X 0 0 0 DONNA ALLIE BOARD MEMBER 0.30 X 0 0 0 ROSE JOHNSON BOARD MEMBER 0.30 X 0 0 0 WILLIAM THOMAS MCDANIEL BOARD MEMBER 0.30 X 0 0 0 BRENDA MCLAHAN BOARD MEMBER 0.30 X 0 0 0 RUTH SPERBER BOARD MEMBER 0.30 X 0 0 0 0 0 0 0 0 0 0 0 540414 500 540914 RENTAL INCOME 532000 237975 237975 LAUNDRY AND OTHER TENA 900099 4838 4838 242813 25474 25474 809201 242813 0 25474 184660 103847 80813 33073 18599 14474 15481 8706 6775 37632 37632 3585 3585 10159 10159 297 167 130 40412 18196 22216 59478 59478 118542 118542 24125 24125 REPAIRS & MAINT CONTRAC 82871 82871 UTILITIES 51046 51046 MISCELLANEOUS 23235 23235 HEATING & COOLING REPAI 20238 20238 26982 26982 731816 556032 175784 0 51483 74435 318 656 13795 14729 4934234 3459032 1591912 1475202 609017 651785 2266525 2216807 70370 54973 1542129 1427312 24724 27835 1637223 1510120 X 629302 706687 629302 706687 2266525 2216807 77385 0 X X 1 X 0 1 0 X 495728 520191 589770 765436 540914 2912039 226089 224406 231392 233360 242813 1158060 721817 744597 821162 998796 783727 4070099 0 0 0 4070099 11247 3528 1294 3802 25474 45345 11247 3528 1294 3802 25474 45345 733064 748125 822456 1002598 809201 4115444 0.98900 0.99300 0.01100 0.00700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88136 88136 4245516 3084538 1160978 21005 15905 5100 374118 153446 220672 205459 205143 316 1475202 TENANT SECURITY DEPOSITS 23480 RESTRICTED DEPOSITS & RESERVES 628305 651785 TENANT SECURITY DEPOSITS 23480 PREPAID REVENUE 4355 27835 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE ORGANIZATION AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND NOT SUBJECT TO INCOME TAX, EXCEPT ON UNRELATED BUSINESS INCOME. ARDMORE HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY, IF ARDMORE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY ARDMORE AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ARDMORE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEAR ENDED DECEMBER 31, 2023. FORM 990, PART V, LINE 2B: ALL AMOUNTS REPORTED IN PART IX ON LINES 7 THRU 10 FOR PERSONNEL RELATED EXPENSES ARE PAID BY THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY IS REIMBURSED FOR THE COSTS ASSOCIATED WITH THOSE EMPLOYEES WITH TIME ALLOCATED TO THE PROJECT. ALL PAYROLL TAX FILINGS ARE COMPLETED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 3 GROSSE & QUADE MANAGEMENT COMPANY IS PAID A MANAGEMENT FEE FOR PROPERTY AND FACILITY MANAGEMENT SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, ON BEHALF OF THE BOARD OF DIRECTORS, WITH THE INDEPENDENT AUDITORS BEFORE IT IS FILED. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REQUIRED TO BE COMPLETED ON AN ANNUAL BASIS AND ARE REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS FOR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS, DIRECTORS OR KEY EMPLOYEES THEREFORE NO REVIEW PROCESS IS IN PLACE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST OF THE ADMNISTRATIVE OFFICES OF GROSSE & QUADE MANAGEMENT COMPANY. PART XII LINE 2C THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR SELECTING AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE COMPILATION OF THE FINANCIAL STATEMENTS. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.