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MAURICE I SCHWARTZ TOWERS INC

AUBURN, NY · EIN 160997888 · Form 990 · FY2024 · NTEE L22Z · Housing & Shelter · Small ($100K-$1M) · schwartztowers.com
revenue
$749K
expenses
$781K
net assets
$4.4M
employees
4
volunteers
7
program ratio
86%
mission · from form 990

ORGANIZED FOR THE PURPOSE OF PROVIDING HOUSING AND AUXILIARY FACILITIES TO LOW INCOME ELDERLY.

profile · synthesized from sources

MAURICE I SCHWARTZ TOWERS INC operates affordable housing for low-income seniors in Auburn, New York. The property provides 55+ age-restricted apartments with on-site management, safety features, and community amenities. It is named after a former mayor and school board president, reflecting its community-oriented mission.

named programs · 2 · from sources

What they call their work

Affordable Senior Housing
Provides income-restricted apartment units for individuals aged 55 and older in Auburn, NY, with on-site management and emergency support services.
On-site Resident Support
Features 24-hour superintendent availability, call-for-aid systems, and on-site management office for resident assistance and building maintenance.
activities · 5 groups

What they do

  • Campus and Residential Safety Services 3 activities
    • Ensures building safety and sanitation
      Maintains a smoke-free environment, installs security systems, safe bathrooms, rubbish disposal facilities, and smoke detectors throughout the building to promote health, cleanliness, and resident safety.
    • Facilitates resident communication and mail access
      Operates a mail station on the first floor and provides secure communication through intercom systems for building access and internal connectivity.
    • Manages on-site building operations and resident services
      Provides on-site property management during business hours and 24-hour emergency support through a resident building superintendent, along with secure building access via intercom systems and elevator access in the lobby.
  • Managed Parking Services 1 activity
    • Offers on-site parking for residents
      Provides on-site parking facilities to support resident convenience and accessibility.
  • Low-Income Senior Housing Operations 1 activity
    • Provides affordable senior housing
      Operates a residential apartment community for low-income elderly individuals in a downtown location, offering rental units with accessibility features and safety enhancements such as fireproof construction, smoke detectors, and emergency call-for-aid systems.
  • Luxury Senior Living Communities 1 activity
    • Provides on-site community and recreational amenities
      Offers shared spaces for resident use including a community lounge, library room, garden areas, gazebo, outdoor seating, and on-site laundry facilities with washing and drying machines.
  • Uncategorized 3 activities
    • Administers rental applications
      Manages a rental application process that is accessible via email or mail submission for prospective senior residents.
    • Provides accessible unit design and building access
      Designs residential units with large closets and windows for storage and natural lighting, and maintains multiple building entrances including a defined front entrance and a side entrance to accommodate accessibility needs.
    • Supports resident mobility and transportation access
      Ensures direct access to public transportation by locating the building in a downtown area where Centro buses stop at the front door, facilitating ease of travel for senior residents.
financials · form 990 · fy2024
revenue
Total revenue$749K
Contributions & grants$00%
Program service revenue$695K93%
Investment income$54K7%
Other revenue$0
expenses
Total expenses$781K
Program expenses86%
Admin / overhead14%
Fundraising0%
Salaries & benefits$257K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$4.45M
Cash$87K
Investments$1.38M
Liabilities$68K
Net assets$4.38M
Liquid reserves22.5 mo
5 years on record · 2020–2024 · YoY revenue -1.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 7
  • BARB SROKA — DIRECTOR
  • RICHARD KNAUL — DIRECTOR
  • SHARON DESANTIS — DIRECTOR
  • STEVE MOOLIN — VICE PRESIDENT
  • THOMAS HIGGINS — SECRETARY/TREASURER
  • TIMOTHY CARR — PRESIDENT
  • TIMOTHY HERRLING — DIRECTOR
relationships · 1

Who they work with

  • Centro Partner — Public transportation provider with bus stops located at the front door of Schwartz Towers.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Targeted Affordable Housing for Low-Income Seniors
    methodology: targeted_affordable_housing
    By using age and income eligibility criteria to allocate affordable housing, we serve low-income seniors because targeted selection ensures resources reach the highest-need populations who face disproportionate housing insecurity.