Civic Intelligence

Timon Towers Housing Development Fund Company Inc

990 • Fiscal year 2024 • EIN 16-1075435

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 07, 2025

Organization ProfileWWW.DELTADEVELOPMENTWNY.ORG
525 Washington StreetBuffalo, NY 14203

(716) 847-1635

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

Higher debt load relative to assets than 94% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.60x

Higher debt load relative to revenue than 94% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

60th percentile

9.8%

Higher net margin than 60% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

41st percentile

1.1%

Faster asset growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.6%

Faster revenue growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$3,306,983

Up $35,906 (+1.1%) from 2023

Net Assets

Up

$27,770

Up $123,418 (+129%) from 2023

Liabilities

Down

$3,279,213

Down $87,512 (-2.6%) from 2023

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin60th percentile

Revenue

Up

$1,260,625

Up $44,195 (+3.6%) from 2023

Expenses

Up

$1,137,207

Up $60,832 (+5.7%) from 2023

Net Income

Down

$123,418

Down $16,637 (-12%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,487,857Liabilities 2011: $2,027,308Net Assets 2011: -$539,4512011Assets 2012: $1,477,944Liabilities 2012: $1,828,748Net Assets 2012: -$350,8042012Assets 2013: $1,480,708Liabilities 2013: $1,634,259Net Assets 2013: -$153,5512013Assets 2014: $1,436,612Liabilities 2014: $1,411,972Net Assets 2014: $24,6402014Assets 2015: $3,988,126Liabilities 2015: $3,946,092Net Assets 2015: $42,0342015Assets 2016: $3,849,107Liabilities 2016: $3,799,084Net Assets 2016: $50,0232016Assets 2017: $3,754,310Liabilities 2017: $3,740,369Net Assets 2017: $13,9412017Assets 2018: $3,524,456Liabilities 2018: $3,715,512Net Assets 2018: -$191,0562018Assets 2019: $3,412,814Liabilities 2019: $3,645,687Net Assets 2019: -$232,8732019Assets 2020: $3,382,231Liabilities 2020: $3,561,434Net Assets 2020: -$179,2032020Assets 2021: $3,293,242Liabilities 2021: $3,551,902Net Assets 2021: -$258,6602021Assets 2022: $3,228,704Liabilities 2022: $3,464,407Net Assets 2022: -$235,7032022Assets 2023: $3,271,077Liabilities 2023: $3,366,725Net Assets 2023: -$95,6482023Assets 2024: $3,306,983Liabilities 2024: $3,279,213Net Assets 2024: $27,7702024

Highlighted filing

2024

Assets$3,306,983
Liabilities$3,279,213
Net Assets$27,770
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $928,0912011Expenses 2012: $892,7952012Revenue 2013: $1,128,885Expenses 2013: $931,632Net Income 2013: $197,2532013Revenue 2014: $1,111,300Expenses 2014: $933,109Net Income 2014: $178,1912014Revenue 2015: $1,075,258Expenses 2015: $1,057,864Net Income 2015: $17,3942015Revenue 2016: $1,068,124Expenses 2016: $1,060,135Net Income 2016: $7,9892016Revenue 2017: $1,081,832Expenses 2017: $1,117,914Net Income 2017: -$36,0822017Revenue 2018: $1,073,919Expenses 2018: $1,278,916Net Income 2018: -$204,9972018Revenue 2019: $1,112,499Expenses 2019: $1,154,316Net Income 2019: -$41,8172019Revenue 2020: $1,157,011Expenses 2020: $1,103,341Net Income 2020: $53,6702020Revenue 2021: $1,135,761Expenses 2021: $1,215,218Net Income 2021: -$79,4572021Revenue 2022: $1,169,831Expenses 2022: $1,146,874Net Income 2022: $22,9572022Revenue 2023: $1,216,430Expenses 2023: $1,076,375Net Income 2023: $140,0552023Revenue 2024: $1,260,625Expenses 2024: $1,137,207Net Income 2024: $123,4182024

Highlighted filing

2024

Revenue$1,260,625
Expenses$1,137,207
Net Income$123,418
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 7, 2025
Return Version
2024v5.1
Gross Receipts
$1,260,625
Mission and Program Overview

Mission

To provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,366,591$1,294,274▼ $72,317
Prepaid Expenses and Deferred Charges$52,116$55,247▲ $3,131
Cash and Non-Interest-Bearing Accounts$69,154$44,398▼ $24,756
Accounts Receivable$11,472$10,478▼ $994
Total Assets$3,271,077$3,306,983▲ $35,906
Other Assets Total$1,771,744$1,902,586▲ $130,842
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,247,354$3,164,492▼ $82,862
Accounts Payable and Accrued Expenses$75,213$72,612▼ $2,601
Other Liabilities$44,158$42,109▼ $2,049
Total Liabilities$3,366,725$3,279,213▼ $87,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-95,648$27,770▲ $123,418
Total Net Assets Fund Balance$-95,648$27,770▲ $123,418
Total Liabilities and Net Assets / Fund Balance$3,271,077$3,306,983▲ $35,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,100,907$6,498,715$7,599,622
Land$193,367-$193,367
Other Land Buildings$0$141,861$141,861
Equipment$0$96,570$96,570
Other Assets Org$41,698--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Deacon Steve SchumerPresident
Rev Peter J KaralusVice President
Most Rev Michael W FisherDirector
Robert GoodsDirector
Sr Mary Mccarrick OsfDirector
Melissa PotzlerSecretary
Albert GressTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,253,577
Investment Income
$3,892
Other Revenue
$3,156
Change in Net Assets
$123,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,260,625
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,260,625
Total Revenue per Form 990
$1,260,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$781,911
Salaries, Compensation, and Employee Benefits$355,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$163,227$113,770-$276,997
Fees for Services Other$91,275$8,150-$99,425
Interest$97,856--$97,856
Fees for Services Management-$93,611-$93,611
Depreciation Depletion$90,042--$90,042
Occupancy$88,088--$88,088
Insurance$72,769--$72,769
Other Employee Benefits$32,182$22,431-$54,613
All Other Expenses$24,202$26,243-$50,445
Office Expenses-$33,629-$33,629
Payroll Taxes$13,958$9,728-$23,686
Other Expenses$15,624--$15,624
Fees for Services Legal-$9,789-$9,789
Fees for Services Accounting-$4,985-$4,985
Advertising-$422-$422
Total Functional Expenses$814,449$322,758$0$1,137,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,137,207
Total Expenses per Audited Statements$1,137,207
Total Expenses per Form 990$1,137,207
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
TENANTS' SECURITY DEPOSITS$41,698
Prepaid Rent$411
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Delta development of wny, inc. Is the management agent responsible for day-to-day operations involving tenant selection and application process required by hud. All management related matters including general maintenance and repairs, administrative, personnel administration, rent collection and lease enforcement, accounting services, marketing, and community relations, as outlined in the management agreement. Employee hiring, supervision, and terminations are the responsibility of delta development as managing agent.”

Form 990, Part VI, Section B, Line 11B

“The management company reviews the form and makes it available to officers and directors for their review.”

Form 990, Part VI, Section B, Line 12C

“The board of directors follows the conflict of interest policy of delta development, the managing agent.”

Form 990, Part VI, Section C, Line 19

“Available upon request by the public.”

Filing and Contact Details

Filer

Filer Name
Timon Towers Housing Development Fund
EIN
16-1075435
Phone
7168471635
Address
525 WASHINGTON STREET, BUFFALO, NY 14203

Signing Officer

Name
Deacon Steve Schumer
Title
President
Phone
7168471635
Signed
2025-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deacon Steve Schumer
Formed
1976
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended december 31, 2024.”

Financial Statement Notes

PART X, LINE 2:

“The company is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The company has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The company presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the company has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the company are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 503 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.

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IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0803130
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1450447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0803130
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1450447
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03281
IRS990/PYOtherExpensesAmt0821560
IRS990/PYOtherRevenueAmt010583
IRS990/PYProgramServiceRevenueAmt01202566
IRS990/PYRevenuesLessExpensesAmt0140055
IRS990/PYSalariesCompEmpBnftPaidAmt0254815
IRS990/PYTotalExpensesAmt01076375
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01216430
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0123418
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01253577
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03892
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03281
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01185
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0538
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0830
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09726
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01253577
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01202566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01115399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01082026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01096313
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05749881
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03892
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03281
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01185
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0538
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0830
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09726
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03156
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010583
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt053247
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt053197
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt059868
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0180051
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96800
IRS990ScheduleA/PublicSupportPY509Pct00.95880
IRS990ScheduleA/PublicSupportTotal509Amt05749881
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01253577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01202566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01115399
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01082026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01096313
IRS990ScheduleA/Total509Grp/TotalAmt05749881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01260625
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01216430
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01169831
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01135761
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01157011
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05939658
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01100907
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06498715
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07599622
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096570
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096570
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01137207
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0193367
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0193367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0401860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11338710
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt278529
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt341789
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt441698
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TAX & INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0141861
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0141861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt141698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01260625
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01294274
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01902586
IRS990ScheduleD/TotalExpensesPerForm990Amt01137207
IRS990ScheduleD/TotalLiabilityAmt042109
IRS990ScheduleD/TotalRevenuePerForm990Amt01260625
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01260625
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01137207
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DELTA DEVELOPMENT OF WNY, INC. IS THE MANAGEMENT AGENT RESPONSIBLE FOR DAY-TO-DAY OPERATIONS INVOLVING TENANT SELECTION AND APPLICATION PROCESS REQUIRED BY HUD. ALL MANAGEMENT RELATED MATTERS INCLUDING GENERAL MAINTENANCE AND REPAIRS, ADMINISTRATIVE, PERSONNEL ADMINISTRATION, RENT COLLECTION AND LEASE ENFORCEMENT, ACCOUNTING SERVICES, MARKETING, AND COMMUNITY RELATIONS, AS OUTLINED IN THE MANAGEMENT AGREEMENT. EMPLOYEE HIRING, SUPERVISION, AND TERMINATIONS ARE THE RESPONSIBILITY OF DELTA DEVELOPMENT AS MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT COMPANY REVIEWS THE FORM AND MAKES IT AVAILABLE TO OFFICERS AND DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS FOLLOWS THE CONFLICT OF INTEREST POLICY OF DELTA DEVELOPMENT, THE MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CATHOLIC CHARITIES OF BUFFALO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1DELTA DEVELOPMENT OF WNY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2SANTA MARIA TOWERS HOUSING DEVELOPMENT FUND CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0160743251
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1222926788
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2161235269
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE ASSISTANCE TO THE PUBLIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1MANAGEMENT OF LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0525 WASHINGTON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1525 WASHINGTON STREET

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,306,983
Liabilities
$3,279,213
Net assets
$27,770
Revenue
$1,260,625
Expenses
$1,137,207
Net income
$123,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$3.28$0.03$1.26$1.14$0.12
2023Summary only. Only limited summary data is available for this year.$3.27$3.37$0.10$1.22$1.08$0.14
2022Summary only. Only limited summary data is available for this year.$3.23$3.46$0.24$1.17$1.15$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$3.55$0.26$1.14$1.22$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$3.56$0.18$1.16$1.10$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$3.65$0.23$1.11$1.15$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$3.72$0.19$1.07$1.28$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$3.74$0.01$1.08$1.12$0.04
2016Summary only. Only limited summary data is available for this year.$3.85$3.80$0.05$1.07$1.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.99$3.95$0.04$1.08$1.06$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.44$1.41$0.02$1.11$0.93$0.18
2013Summary only. Only limited summary data is available for this year.$1.48$1.63$0.15$1.13$0.93$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.83$0.35$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$2.03$0.54$0.93