Civic Intelligence

Thorpe Housing Development Fund Company Inc.

990 • Fiscal year 2022 • EIN 13-2986206

Oct 01, 2021 to Sep 30, 2022 • Filed on Dec 31, 2022

Organization ProfileN/A

View Organization Page

6 Thorpe DriveSparkill, NY 10976

(845) 359-0454

Siviq Scores

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

Liabilities / Assets

49th percentile

0.61x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

2.83x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Net Margin

76th percentile

31%

Higher net margin than 76% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Asset Growth

75th percentile

6.7%

Faster asset growth than 75% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

72%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$22,131,702

Up $1,384,397 (+6.7%) from 2021

Net Assets

Up

$8,639,653

Up $1,452,664 (+20%) from 2021

Liabilities

Down

$13,492,049

Down $68,267 (-0.5%) from 2021

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin76th percentile

Revenue

Up

$4,771,826

Up $1,998,130 (+72%) from 2021

Expenses

Down

$3,297,455

Down $1,910 (-0.1%) from 2021

Net Income

Up

$1,474,371

Up $2,000,040 (+380%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $13,125,911Liabilities 2010: $5,135,754Net Assets 2010: $7,990,1572010Assets 2011: $13,123,462Liabilities 2011: $4,830,794Net Assets 2011: $8,292,6682011Assets 2012: $13,041,619Liabilities 2012: $4,510,510Net Assets 2012: $8,531,1092012Assets 2013: $12,818,136Liabilities 2013: $4,244,622Net Assets 2013: $8,573,5142013Assets 2014: $13,006,506Liabilities 2014: $4,122,877Net Assets 2014: $8,883,6292014Assets 2015: $9,664,623Liabilities 2015: $807,023Net Assets 2015: $8,857,6002015Assets 2016: $22,104,612Liabilities 2016: $12,722,615Net Assets 2016: $9,381,9972016Assets 2017: $23,504,922Liabilities 2017: $14,360,282Net Assets 2017: $9,144,6402017Assets 2018: $22,858,150Liabilities 2018: $14,205,389Net Assets 2018: $8,652,7612018Assets 2019: $22,072,904Liabilities 2019: $13,972,279Net Assets 2019: $8,100,6252019Assets 2020: $21,561,109Liabilities 2020: $13,848,451Net Assets 2020: $7,712,6582020Assets 2021: $20,747,305Liabilities 2021: $13,560,316Net Assets 2021: $7,186,9892021Assets 2022: $22,131,702Liabilities 2022: $13,492,049Net Assets 2022: $8,639,6532022Assets 2023: $19,901,754Liabilities 2023: $12,800,233Net Assets 2023: $7,101,5212023Assets 2024: $14,774,881Liabilities 2024: $22,159,127Net Assets 2024: -$7,384,2462024

Highlighted filing

2022

Assets$22,131,702
Liabilities$13,492,049
Net Assets$8,639,653
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

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

$20M$10M$0-$10M-$20MExpenses 2010: $2,366,7242010Expenses 2011: $2,502,9102011Expenses 2012: $2,424,2882012Revenue 2013: $2,670,298Expenses 2013: $2,474,737Net Income 2013: $195,5612013Revenue 2014: $2,774,132Expenses 2014: $2,413,907Net Income 2014: $360,2252014Revenue 2015: $2,596,278Expenses 2015: $2,570,842Net Income 2015: $25,4362015Revenue 2016: $2,655,047Expenses 2016: $2,311,015Net Income 2016: $344,0322016Revenue 2017: $2,720,068Expenses 2017: $3,009,175Net Income 2017: -$289,1072017Revenue 2018: $2,725,218Expenses 2018: $3,217,095Net Income 2018: -$491,8772018Revenue 2019: $2,729,045Expenses 2019: $3,281,181Net Income 2019: -$552,1362019Revenue 2020: $2,782,772Expenses 2020: $3,170,739Net Income 2020: -$387,9672020Revenue 2021: $2,773,696Expenses 2021: $3,299,365Net Income 2021: -$525,6692021Revenue 2022: $4,771,826Expenses 2022: $3,297,455Net Income 2022: $1,474,3712022Revenue 2023: $3,957,841Expenses 2023: $5,495,973Net Income 2023: -$1,538,1322023Revenue 2024: $4,032,178Expenses 2024: $18,517,945Net Income 2024: -$14,485,7672024

Highlighted filing

2022

Revenue$4,771,826
Expenses$3,297,455
Net Income$1,474,371
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Dec 31, 2022
Return Version
2021v4.2
Gross Receipts
$4,771,826
Mission and Program Overview

Mission

To provide affordable residential housing to low-income senior citizens and handicapped under section 202 of the housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,940,043$14,115,282▼ $824,761
Accounts Receivable$63,336$2,260,153▲ $2,196,817
Intangible Assets$627,465$601,065▼ $26,400
Prepaid Expenses and Deferred Charges$179,867$211,527▲ $31,660
Cash and Non-Interest-Bearing Accounts$474,052$22,430▼ $451,622
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$20,747,305$22,131,702▲ $1,384,397
Other Assets Total$4,462,542$4,921,245▲ $458,703
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,446,636$13,275,413▼ $171,223
Other Liabilities$100,946$143,371▲ $42,425
Accounts Payable and Accrued Expenses$12,734$73,265▲ $60,531
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,560,316$13,492,049▼ $68,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,186,989$8,639,653▲ $1,452,664
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$7,186,989$8,639,653▲ $1,452,664
Total Liabilities and Net Assets / Fund Balance$20,747,305$22,131,702▲ $1,384,397

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,845,668$15,216,608$28,062,276
Leasehold Improvements$665,998$834,967$1,500,965
Equipment$198,125$846,703$1,044,828
Land$319,914-$319,914
Other Land Buildings$85,577$63,255$148,832
Other Assets Org$3,092,221--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Eileen GannonPresident
Mary DunningVice President
Matthew JaneczkoExecutive Director
Lesley BlockSecretary
Maryann SummaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,749,237
Program Service Revenue
$1,012,320
Investment Income
$4,774
Other Revenue
$5,495
Change in Net Assets
$1,474,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,771,826
Total Revenue per Audited Statements
$4,771,826
Total Revenue per Form 990
$4,771,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,648,821
Salaries, Compensation, and Employee Benefits$648,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$803,054--$803,054
Interest$532,867--$532,867
Other Salaries and Wages$433,280--$433,280
All Other Expenses$373,903--$373,903
Insurance$248,051--$248,051
Other Employee Benefits$181,883--$181,883
Fees for Services Management$143,753--$143,753
Fees for Services Accounting-$108,385$0$108,385
Other Expenses$0$49,459-$49,459
Payroll Taxes$33,471--$33,471
Fees for Services Legal$21,346--$21,346
Office Expenses-$20,051-$20,051
Total Functional Expenses$3,119,560$177,895$0$3,297,455

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,319,162
Expenses per Audited Statements$3,297,455
Total Expenses per Form 990$3,297,455
Expenses Not Reported on Form 990$21,707
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Payabl$94,066
Accrued Expenses$49,305
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“Line 11b explanation - the board of directors must approve the federal tax form 990 and the related state tax filings after it has received a formal presentation by the outside independent auditors and accountants regarding these filings in an annual board meeting.”

FORM 990, PART VI, SECTION B, LINE 12C:

“The conflict of interest policy is renewed annually with all officers of the organization. Potential conflicts are brought to the executive committee for review and officers found to have conflict of interest are asked to resign or abstain from involvement in all related projects.”

FORM 990, PART VI, SECTION B, LINE 15:

“Decision regarding compensation is based on the recommendations of an independent committee that considers performance, scope of responsibilities, and salary compensation for similar positions. Final approval for ceo compensation must be approved by the entire board of directors.”

FORM 990, PART VI, SECTION C, LINE 19:

“After approval of the financial statements by the board of directors on an annual basis, the organization makes available all governance documents, policy statements, financial statements and tax returns to the public, upon written request. The organization also timely files its annual char 500 report with the nys attorney general and all of its filings are made available through the nysoag charities website.”

Filing and Contact Details

Filer

Filer Name
Thorpe Housing Development Fund Company
EIN
13-2986206
In Care Of
% URSULA JOYCE
Phone
8453590454
Address
6 Thorpe Drive, SPARKILL, NY 10976

Signing Officer

Name
Matthew Janeczko
Title
Executive Director
Phone
2127519100
Signed
2022-12-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Janeczko
Formed
1978
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
9

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
James Huang CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCIRPTION OF ORGANIZATION MISSION:

“Under section 202 of the housing act of 1959”

FORM 990 PART XI Reconciliation of Net Assets

“Depreciation expenses of $21,707 reported on book financials and not on tax.”

Form 990 Part IX Line 24 - Other Expenses

“Description:other renting expenses total expenses:9161 program services:9161”

Form 990 Part IX Line 24 - Other Expenses

“Description:utilities total expenses:155651 program services:155651”

Form 990 Part IX Line 24 - Other Expenses

“Description:supplies total expenses:37922 program services:37922”

Form 990 Part IX Line 24 - Other Expenses

“Description:repairs total expenses:9598 program services:9598”

Form 990 Part IX Line 24 - Other Expenses

“Description:real estate taxes total expenses:161571 program services:161571”

Financial Statement Notes

Part X, Line 2

“The corporation is exempt from federal income taxes under section 501(c)(3) of the code. Being a nonstock corporation not organized for profit, the corporation is exempt from new york state franchise taxes. Accounting principles generally accepted in the united states of america require evaluation of the tax positions taken or expected to be taken in the course of preparing the corporation's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes any such positions would be immaterial to the overall financial statements. The corporation's federal and state tax returns remain subject to examination by the relevant taxing authorities for a period of three years from when they are filed.”

Raw XML AppendixShowing 400 of 602 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012734
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt073265
IRS990/AccountsReceivableGrp/BOYAmt063336
IRS990/AccountsReceivableGrp/EOYAmt02260153
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityCd0531110
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING TO LOW-INCOME SENIOR CITIZENS AND HANDICAPPED UNDER SECTION 202 OF THE HOUSING ACT OF 1959.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0373903
IRS990/AllOtherExpensesGrp/TotalAmt0373903
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0URSULA JOYCE
IRS990/BooksInCareOfDetail/PhoneNum08453590454
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ROUTE 340
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPARKILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010976
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0474052
IRS990/CashNonInterestBearingGrp/EOYAmt022430
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03749237
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04774
IRS990/CYOtherExpensesAmt02648821
IRS990/CYOtherRevenueAmt05495
IRS990/CYProgramServiceRevenueAmt01012320
IRS990/CYRevenuesLessExpensesAmt01474371
IRS990/CYSalariesCompEmpBnftPaidAmt0648634
IRS990/CYTotalExpensesAmt03297455
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04771826
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0803054
IRS990/DepreciationDepletionGrp/TotalAmt0803054
IRS990/Desc0PROVIDES AFFORDABLE RESIDENTIAL HOUSING TO LOW-INCOME SENIOR CITIZENS AND HANDICAPPED UNDER SECTION 202 OF THE HOUSING ACT OF 1959.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt03119560
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0108385
IRS990/FeesForServicesAccountingGrp/TotalAmt0108385
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt021346
IRS990/FeesForServicesLegalGrp/TotalAmt021346
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0143753
IRS990/FeesForServicesManagementGrp/TotalAmt0143753
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt29.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0EILEEN GANNON
IRS990/Form990PartVIISectionAGrp/PersonNm1Mary Dunning
IRS990/Form990PartVIISectionAGrp/PersonNm2Maryann Summa
IRS990/Form990PartVIISectionAGrp/PersonNm3Lesley Block
IRS990/Form990PartVIISectionAGrp/PersonNm4Matthew Janeczko
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt03749237
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04771826
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0248051
IRS990/InsuranceGrp/TotalAmt0248051
IRS990/IntangibleAssetsGrp/BOYAmt0627465
IRS990/IntangibleAssetsGrp/EOYAmt0601065
IRS990/InterestGrp/ProgramServicesAmt0532867
IRS990/InterestGrp/TotalAmt0532867
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04774
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04774
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016961533
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014940043
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014115282
IRS990/LandBldgEquipCostOrOtherBssAmt031076815
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING TO LOW-INCOME SENIOR CITIZENS AND HANDICAPPED UNDER SECTION 202 OF THE HOUSING ACT OF 1959.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013446636
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013275413
IRS990/NetAssetsOrFundBalancesBOYAmt07186989
IRS990/NetAssetsOrFundBalancesEOYAmt08639653
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07186989
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08639653
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020051
IRS990/OfficeExpensesGrp/TotalAmt020051
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04462542
IRS990/OtherAssetsTotalGrp/EOYAmt04921245
IRS990/OtherChangesInNetAssetsAmt0-21707
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0181883
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0181883
IRS990/OtherExpensesGrp/Desc0CONTRACT
IRS990/OtherExpensesGrp/Desc1GARBAGE AND TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE RENT-FREE UNIT
IRS990/OtherExpensesGrp/Desc3MISC ADMIN EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049459
IRS990/OtherExpensesGrp/ProgramServicesAmt0272803
IRS990/OtherExpensesGrp/ProgramServicesAmt141145
IRS990/OtherExpensesGrp/ProgramServicesAmt234004
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0272803
IRS990/OtherExpensesGrp/TotalAmt141145
IRS990/OtherExpensesGrp/TotalAmt234004
IRS990/OtherExpensesGrp/TotalAmt349459
IRS990/OtherLiabilitiesGrp/BOYAmt0100946
IRS990/OtherLiabilitiesGrp/EOYAmt0143371
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0OFFICE RENT
IRS990/OtherRevenueMiscGrp/Desc1VAN INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISC. INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04880
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1435
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04880
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1435
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2180
IRS990/OtherRevenueTotalAmt05495
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0433280
IRS990/OtherSalariesAndWagesGrp/TotalAmt0433280
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt033471
IRS990/PayrollTaxesGrp/TotalAmt033471
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0179867
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0211527
IRS990/PrincipalOfficerNm0Matthew Janeczko
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0AFFORDABLE HOUSING RENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANTS SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0990606
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121714
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0990606
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121714
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01698795
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03057
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02776004
IRS990/PYOtherRevenueAmt036858
IRS990/PYProgramServiceRevenueAmt01034986
IRS990/PYRevenuesLessExpensesAmt0-525669
IRS990/PYSalariesCompEmpBnftPaidAmt0523361
IRS990/PYTotalExpensesAmt03299365
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02773696
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01474371
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01012320
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03749237
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01698795
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01718218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01701735
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01711152
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010579137
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021170
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013009
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05100
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt047110
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01012320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01034986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01035466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01005956
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0999981
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05088709
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013009
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt047110
IRS990ScheduleA/InvestmentIncomeCYPct00.00298
IRS990ScheduleA/InvestmentIncomePYPct00.00330
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05495
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt036858
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07918
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08345
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08983
IRS990ScheduleA/OtherIncome509Grp/TotalAmt067599
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99273
IRS990ScheduleA/PublicSupportPY509Pct00.99143
IRS990ScheduleA/PublicSupportTotal509Amt015667846
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04761557
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02733781
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02753684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02707691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02711133
IRS990ScheduleA/Total509Grp/TotalAmt015667846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04771826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02773696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02782772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02729045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02725216
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015782555
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt012845668
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015216608
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028062276
IRS990ScheduleD/EquipmentGrp/BookValueAmt0198125
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0846703
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01044828
IRS990ScheduleD/ExpensesNotReportedAmt021707
IRS990ScheduleD/ExpensesSubtotalAmt03297455
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0319914
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0319914
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0665998
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0834967

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,131,702
Liabilities
$13,492,049
Net assets
$8,639,653
Revenue
$4,771,826
Expenses
$3,297,455
Net income
$1,474,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.8$22.2$7.38$4.03$18.5$14.5
2023Detailed filing. Detailed filing data is available for this year.$19.9$12.8$7.10$3.96$5.50$1.54
2022Detailed filing. Detailed filing data is available for this year.$22.1$13.5$8.64$4.77$3.30$1.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$13.6$7.19$2.77$3.30$0.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$13.8$7.71$2.78$3.17$0.39
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$14.0$8.10$2.73$3.28$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$14.2$8.65$2.73$3.22$0.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$14.4$9.14$2.72$3.01$0.29
2016Detailed filing. Detailed filing data is available for this year.$22.1$12.7$9.38$2.66$2.31$0.34
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.66$0.81$8.86$2.60$2.57$0.03
2014Detailed filing. Detailed filing data is available for this year.$13.0$4.12$8.88$2.77$2.41$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$4.24$8.57$2.67$2.47$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$4.51$8.53$2.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$4.83$8.29$2.50
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$5.14$7.99$2.37