EIN 54-0971309

Cogic Memorial Home for the Elderly

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1974
Most recent tax filings
2021-12-01
Description
The purpose of the organization is to provide housing for the Elderly and handicapped under section 236 of the national housing act operated by hud. The organization's major programs are its section 236 loan and section 8 housing assistance payments contracts from hud. Cogic highrise also provides recreational activities and health related activities for its residents. The organizational motto is "providing quality living for a better quality of life". To provide affordable housing to the handicapped and Elderly.
Also known as...
Cogic Highrise Apartments
Total revenues
$224,289
2021
Total expenses
$340,644
2021
Total assets
$15,068,340
2021
Num. employees
7
2021

Program areas at Cogic Memorial Home for the Elderly

In 2020, Cogic Memorial Home for the Elderly, inc. ("Home") sold its 150-unit apartment complex providing housing to low-to-moderate income individuals to Cogic Home for the Elderly preservation lp ("lp") taking back a low-interest note receivable from the lp. the lp intends to rehabilitate the property utilizing low income housing tax credits. the organization owns a 54% interest in Cogic Memorial preservation, llc ("llc") which is the general partner of the lp. While the primary operations of the apartment complex are conducted by the lp, the Home continues to provide management oversight of the operations to ensure charitable purposes are being furthered.

Grants made by Cogic Memorial Home for the Elderly

GranteeGrant descriptionAmount
Bishop Williams Bishop Green and Bishop Daniels Charity FoundationOperational Support$500,000

Financials for Cogic Memorial Home for the Elderly

RevenuesFYE 12/2021
Total grants, contributions, etc.$0
Program services$224,283
Investment income and dividends$6
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$224,289

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Golden Valley ManorBeach, ND$736,112
Colonial ViewSun Prairie, WI$979,587
Shenango TreetopsNew Castle, PA$515,957
Mount Zion Sheltering Arms for the ElderlySan Antonio, TX$539,381
Luther Manor of Scott CountyBettendorf, IA$1,107,187
Mackenzie Place 202Saint Louis, MO$322,005
Zion Tabernacle Senior Living CenterIndianapolis, IN$542,962
Eskaton Roseville ManorCarmichael, CA$572,406
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Updated personnel
Identified 2 new personnel
June 13, 2023
Used new vendors
Identified 1 new vendor, including
June 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Housing and shelter organizationsRetirement homesCharities
Issues
Human servicesHousing
Characteristics
Partially liquidatedReceives government fundingTax deductible donations
General information
Address
2412 East Va Beach Blvd
Norfolk, VA 23504
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Norfolk city, VA
Website URL
cogichighrise.com/ 
Phone
(757) 622-2513
IRS details
EIN
54-0971309
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L22: Senior Citizens Housing, Retirement Communities
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Independent
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