EMBURY APARTMENTS INC

EIN: 237125951 501(c)(3) Housing & Shelter

SARATOGA SPRINGS, NY

Total Revenue
$1,369,550
Total Expenses
$570,120
Total Assets
$16,430,361
Net Assets
$16,376,290
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
Principal Officer
J BRIAN NEALON
Phone
5185873600
Tax Period
2024-01-01 to 2024-12-31

EMBURY APARTMENTS INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $799K, a strong 58% operating margin.

Mission

EMBURY APARTMENTS OFFERS AFFORDABLE INDEPENDENT HOUSING TO SENIORS, WITH AN EMPHASIS ON MAINTAINING INDEPENDENCE THROUGHOUT THE AGING PROCESS. Embury Apartments are owned by Embury Associates, LP and managed by Embury Apartments Inc. There are 192 units in total made up of Section 8 and Section 236 HUD housing.

Program Service Accomplishments

Program 1
Expenses: $469,753 Revenue: $574,159

DURING 2024, EMBURY APARTMENTS OFFERED AFFORDABLE HOUSING TO APPROXIMATELY 220 SENIORS, WITH AN EMPHASIS ON MAINTAINING INDEPENDENCE THROUGHOUT THE AGING PROCESS.THE WESLEY COMMUNITY AS A WHOLE HAS...

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DURING 2024, EMBURY APARTMENTS OFFERED AFFORDABLE HOUSING TO APPROXIMATELY 220 SENIORS, WITH AN EMPHASIS ON MAINTAINING INDEPENDENCE THROUGHOUT THE AGING PROCESS.THE WESLEY COMMUNITY AS A WHOLE HAS EMBRACED A PHILANTHROPIC CULTURE. ON BEHALF OF THE WESLEY COMMUNITY, MANAGEMENT DONATES OVER 800 HOURS PER YEAR OF THEIR OWN TIME TO LOCAL ORGANIZATIONS TO FURTHER SUPPORT THE NOT-FOR-PROFIT NEEDS IN OUR COMMUNITY. WE HAVE STAFF MEMBERS REGULARLY CONTRIBUTING THEIR OWN TIME TO THE ALZHEIMER'S ASSOCIATION, THE SARATOGA PLANNING BOARD, SARATOGA ARTSFEST, THE SARATOGA SPRINGS LIONS CLUB, SARATOGA ROTARY, LEADERSHIP SARATOGA AND THE SARATOGA COUNTY CHAMBER OF COMMERCE, TO NAME A FEW. ADDITIONALLY, THE WESLEY CAMPUS REGULARLY HOSTS THE ACTIVITIES AND MEETINGS OF OVER 15 NOT-FOR-PROFIT ORGANIZATIONS.

Program 2
Revenue: $598,241

INCOME RELATED TO ENSURING THE LONGEVITY OF THE EMBURY APARTMENT BUILDINGS THROUGH CONSTRUCTION PROJECTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,786
Program Service Revenue $1,172,400
Investment Income $192,364
Other Revenue $0
TOTAL REVENUE $1,369,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $473,119
Fundraising Expenses $0
Program Expenses $469,753
Other Expenses $97,001
TOTAL EXPENSES $570,120

Year-over-Year Comparison

2024 2023 Change
Revenue $1,369,550 $1,083,625 +0.3%
Expenses $570,120 $541,034 +0.1%
Net Income $799,430 $542,591 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
10
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$650,811
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J BRIAN NEALON CEO 5.00
Officer
$0 $17,200 $321,200
SHELLY AMATO CSO 5.00
Officer
$0 $526 $193,779
KATHERINE LAHOFF CFO 5.00
Officer
$0 $13,416 $135,832
TARA PLEAT President 1.00
Officer Director
$0 $0 $0
DEBORAH DAMM-O'BRIEN Vice President 1.00
Officer Director
$0 $0 $0
RAYMOND MARTIN Treasurer 1.00
Officer Director
$0 $0 $0
JESSE BOUCHER Secretary 1.00
Director
$0 $0 $0
BROOKE PANCOE Director 1.00
Director
$0 $0 $0
KELLI DERWAY Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,369,550 $570,120 $16,430,361 $799,430
2023 $1,083,625 $541,034 $15,629,312 $542,591
2022 $1,277,576 $556,318 $14,895,102 $721,258
2021 $1,608,556 $534,130 $15,055,012 $1,074,426
2020 $1,015,661 $401,488 $13,884,388 $614,173
2019 $1,084,926 $329,734 $12,832,496 $755,192
2018 $931,482 $363,222 $12,057,051 $568,260
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