Civic Intelligence

Lancaster Housing Development Fund Company Inc.

990 • Fiscal year 2022 • EIN 16-1299762

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileWWW.BELMONTHOUSINGWNY.ORG
2393 Main StreetBuffalo, NY 14214

(716) 884-7791

Siviq Scores

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

Liabilities / Assets

95th percentile

2.36x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

8.23x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Net Margin

24th percentile

-31%

Higher net margin than 24% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

77th percentile

$214,003

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 71.2% of source-year revenue.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Asset Growth

19th percentile

-5.9%

Faster asset growth than 19% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-0.5%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,047,731

Down $66,077 (-5.9%) from 2021

Net Assets

Down

-$1,427,550

Down $92,287 (-6.9%) from 2021

Liabilities

Up

$2,475,281

Up $26,210 (+1.1%) from 2021

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin24th percentile

Revenue

Down

$300,611

Down $1,432 (-0.5%) from 2021

Expenses

Up

$392,898

Up $30,488 (+8.4%) from 2021

Net Income

Down

-$92,287

Down $31,920 (-53%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,564,883Liabilities 2011: $2,479,104Net Assets 2011: -$914,2212011Assets 2012: $1,464,088Liabilities 2012: $2,441,250Net Assets 2012: -$977,1622012Assets 2013: $1,465,487Liabilities 2013: $2,440,122Net Assets 2013: -$974,6352013Assets 2014: $1,436,237Liabilities 2014: $2,435,138Net Assets 2014: -$998,9012014Assets 2015: $1,416,404Liabilities 2015: $2,434,548Net Assets 2015: -$1,018,1442015Assets 2016: $1,370,122Liabilities 2016: $2,426,532Net Assets 2016: -$1,056,4102016Assets 2017: $1,302,918Liabilities 2017: $2,431,029Net Assets 2017: -$1,128,1112017Assets 2018: $1,231,332Liabilities 2018: $2,426,671Net Assets 2018: -$1,195,3392018Assets 2019: $1,202,446Liabilities 2019: $2,441,403Net Assets 2019: -$1,238,9572019Assets 2020: $1,171,347Liabilities 2020: $2,446,243Net Assets 2020: -$1,274,8962020Assets 2021: $1,113,808Liabilities 2021: $2,449,071Net Assets 2021: -$1,335,2632021Assets 2022: $1,047,731Liabilities 2022: $2,475,281Net Assets 2022: -$1,427,5502022Assets 2023: $1,019,066Liabilities 2023: $2,472,422Net Assets 2023: -$1,453,3562023Assets 2024: $986,737Liabilities 2024: $2,430,443Net Assets 2024: -$1,443,7062024

Highlighted filing

2022

Assets$1,047,731
Liabilities$2,475,281
Net Assets-$1,427,550
Open 2022 Filing

Operations Trend

Revenue Growth34th percentile

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

$400K$200K$0-$200KRevenue 2011: $266,405Expenses 2011: $324,322Net Income 2011: -$57,9172011Revenue 2012: $279,454Expenses 2012: $342,395Net Income 2012: -$62,9412012Revenue 2013: $278,784Expenses 2013: $276,257Net Income 2013: $2,5272013Revenue 2014: $283,047Expenses 2014: $307,313Net Income 2014: -$24,2662014Revenue 2015: $297,032Expenses 2015: $316,275Net Income 2015: -$19,2432015Revenue 2016: $296,139Expenses 2016: $334,405Net Income 2016: -$38,2662016Revenue 2017: $297,253Expenses 2017: $368,954Net Income 2017: -$71,7012017Revenue 2018: $296,368Expenses 2018: $363,596Net Income 2018: -$67,2282018Revenue 2019: $314,623Expenses 2019: $358,241Net Income 2019: -$43,6182019Revenue 2020: $309,254Expenses 2020: $345,193Net Income 2020: -$35,9392020Revenue 2021: $302,043Expenses 2021: $362,410Net Income 2021: -$60,3672021Revenue 2022: $300,611Expenses 2022: $392,898Net Income 2022: -$92,2872022Revenue 2023: $313,548Expenses 2023: $339,354Net Income 2023: -$25,8062023Revenue 2024: $341,280Expenses 2024: $331,630Net Income 2024: $9,6502024

Highlighted filing

2022

Revenue$300,611
Expenses$392,898
Net Income-$92,287
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$300,611
Mission and Program Overview

Mission

Entity was organized to develop a housing project for aged and handicapped persons of low income where no adequate housing exists for such persons, and to promote the welfare of elderly persons residing in the project.

Entity was organized to develop a housing project for aged and handicapped persons of low-income where no adequate housing exists for such persons, and to promote the welfare of elderly persons residing in the project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$878,809$800,123▼ $78,686
Savings and Temporary Cash Investments$206,846$217,257▲ $10,411
Prepaid Expenses and Deferred Charges$8,800$9,765▲ $965
Accounts Receivable$1,005$2,413▲ $1,408
Total Assets$1,113,808$1,047,731▼ $66,077
Other Assets Total$18,348$18,173▼ $175
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,400,700$2,400,700→ $0
Accounts Payable and Accrued Expenses$20,712$46,562▲ $25,850
Escrow Account Liability$18,348$18,173▼ $175
Other Liabilities$6,438$6,438→ $0
Deferred Revenue$2,873$3,408▲ $535
Total Liabilities$2,449,071$2,475,281▲ $26,210
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,335,263$-1,427,550▼ $92,287
Total Net Assets Fund Balance$-1,335,263$-1,427,550▼ $92,287
Total Liabilities and Net Assets / Fund Balance$1,113,808$1,047,731▼ $66,077

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$688,849$1,843,229$2,532,078
Land$99,945-$99,945
Other Land Buildings$1,464$44,835$46,299
Equipment$9,865$24,094$33,959
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleOtherTotal
Pamela BergerBoard Member/board Treas/v$140,324$140,324
Joyelle TedeschiBoard Member$132,836$132,836

Board Members and Trustees

NameTitle
Michael D RiegelBoard Member/board President
Brad PackardBoard Member
Aaron HejmowskiBoard Member/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$295,237
Investment Income
$21
Other Revenue
$5,353
Change in Net Assets
$-92,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$300,611
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$300,611
Total Revenue per Form 990
$300,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$266,063
Salaries, Compensation, and Employee Benefits$126,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,978--$105,978
Depreciation Depletion$79,202--$79,202
Fees for Services Management$53,277--$53,277
Insurance$15,775--$15,775
Fees for Services Accounting-$15,314-$15,314
Other Employee Benefits$14,168--$14,168
Payroll Taxes$6,689--$6,689
Office Expenses$3,892--$3,892
Other Expenses$2,448--$2,448
All Other Expenses$2$1,964-$1,966
Advertising-$815-$815
Total Functional Expenses$374,805$18,093$0$392,898

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$392,898
Total Expenses per Audited Statements$392,898
Total Expenses per Form 990$392,898
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
Miscellaneous - Hud Recapture$6,438
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

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

“The form 990 is prepared by an outside independent accounting firm. It is reviewed by the president of the board of directors and the chief financial officer of the organization before it is filed with the internal revenue service. A copy is provided to the entire board at a later date.”

Form 990, Part VI, Section B, Line 12

“The filing organization is currently reviewing the future implementation of conflict of interest, whistleblower and document retention policies. However, the filing organization has no employees. All day to day operations are performed by the staff of a related entity, belmont housing resources for wny, inc. Belmont has implemented all three policies.”

Form 990, Part VI, Section B, Line 15

“All employees are paid by belmont housing resources for wny, a related entity. Belmont's compensation program is developed by senior management, the human resources manager, and an employee benefits and compensation consulting firm, and reviewed by the hr and compensation committee of the board of directors. This compensation program applies to all staff, including officers. In addition, all compensation of officers is approved by the board of directors. The compensation program included market pricing and job slotting within established salary grades and ranges based on information provided by the independent consulting firm.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 1023 and form 990 available to the public upon request. In addition, the organization's form 990 is also available on the website guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents, internal policies and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Lancaster Housing Development Fund
EIN
16-1299762
Phone
7168847791
Address
2393 MAIN STREET, BUFFALO, NY 14214
Doing Business As
Townview Apartments

Signing Officer

Name
Michael D Riegel
Title
President
Phone
7168847791
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael D Riegel
Formed
1992
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization's process for selection of an independent accountant and monitoring of the audit process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits are held in a separate bank account in the name of the project. Interest earned on such deposits is paid to the individual tenants on an annual basis.”

PART X, LINE 2:

“The company is exempt from taxation under section 501(c)(3) of the u.s. Internal revenue code and section 402 of the new york state not-for-profit corporation law and, accordingly, no provision for income taxes has been reflected in the accompanying financial statements. U.s. Gaap provides guidance on the financial statement recognition and measurement for income tax positions that the company has taken or expects to take in the company's income tax returns. Organizations take many tax positions relative to tax laws, including those taken in determining whether tax is due, a refund is owed, a tax return needs to be filed, or the characterization of income as taxable (for example, unrelated business income) or nontaxable. The company has not recorded any liabilities relating to uncertain tax positions. The company files its return of organization exempt from income tax in the u.s. Federal jurisdiction and its annual filing of charitable organizations in new york state.”

Raw XML AppendixShowing 400 of 828 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt020712
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt046562
IRS990/AccountsReceivableGrp/BOYAmt01005
IRS990/AccountsReceivableGrp/EOYAmt02413
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ENTITY WAS ORGANIZED TO DEVELOP A HOUSING PROJECT FOR AGED AND HANDICAPPED PERSONS OF LOW-INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, AND TO PROMOTE THE WELFARE OF ELDERLY PERSONS RESIDING IN THE PROJECT.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0815
IRS990/AdvertisingGrp/TotalAmt0815
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01964
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02
IRS990/AllOtherExpensesGrp/TotalAmt01966
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AARON HEJMOWSKI
IRS990/BooksInCareOfDetail/PhoneNum07168847791
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02393 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014214
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt021
IRS990/CYOtherExpensesAmt0266063
IRS990/CYOtherRevenueAmt05353
IRS990/CYProgramServiceRevenueAmt0295237
IRS990/CYRevenuesLessExpensesAmt0-92287
IRS990/CYSalariesCompEmpBnftPaidAmt0126835
IRS990/CYTotalExpensesAmt0392898
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0300611
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02873
IRS990/DeferredRevenueGrp/EOYAmt03408
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt079202
IRS990/DepreciationDepletionGrp/TotalAmt079202
IRS990/Desc0OPERATED A 50-UNIT MULTI-FAMILY HOUSING PROJECT EXCLUSIVELY FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0TOWNVIEW APARTMENTS
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt018348
IRS990/EscrowAccountLiabilityGrp/EOYAmt018173
IRS990/ExpenseAmt0374805
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015314
IRS990/FeesForServicesAccountingGrp/TotalAmt015314
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt053277
IRS990/FeesForServicesManagementGrp/TotalAmt053277
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt034.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt134.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt234.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt334.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt434.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt022675
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt112476
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt223006
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt37501
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt413061
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL D RIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm1PAMELA BERGER
IRS990/Form990PartVIISectionAGrp/PersonNm2AARON HEJMOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm3BRAD PACKARD
IRS990/Form990PartVIISectionAGrp/PersonNm4JOYELLE TEDESCHI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0191328
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1127848
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2138293
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3149427
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4119775
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER/BOARD TREAS/V
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0300611
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt015775
IRS990/InsuranceGrp/TotalAmt015775
IRS990/InvestmentIncomeGrp/ExclusionAmt021
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01912158
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0878809
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0800123
IRS990/LandBldgEquipCostOrOtherBssAmt02712281
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ENTITY WAS ORGANIZED TO DEVELOP A HOUSING PROJECT FOR AGED AND HANDICAPPED PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, AND TO PROMOTE THE WELFARE OF ELDERLY PERSONS RESIDING IN THE PROJECT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02400700
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02400700
IRS990/NetAssetsOrFundBalancesBOYAmt0-1335263
IRS990/NetAssetsOrFundBalancesEOYAmt0-1427550
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1335263
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1427550
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt03892
IRS990/OfficeExpensesGrp/TotalAmt03892
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018348
IRS990/OtherAssetsTotalGrp/EOYAmt018173
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014168
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014168
IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3OTHER LEASING EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt062485
IRS990/OtherExpensesGrp/ProgramServicesAmt123769
IRS990/OtherExpensesGrp/ProgramServicesAmt27120
IRS990/OtherExpensesGrp/ProgramServicesAmt32448
IRS990/OtherExpensesGrp/TotalAmt062485
IRS990/OtherExpensesGrp/TotalAmt123769
IRS990/OtherExpensesGrp/TotalAmt27120
IRS990/OtherExpensesGrp/TotalAmt32448
IRS990/OtherLiabilitiesGrp/BOYAmt06438
IRS990/OtherLiabilitiesGrp/EOYAmt06438
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04973
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1361
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt219
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04973
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1361
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt219
IRS990/OtherRevenueTotalAmt05353
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105978
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105978
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06689
IRS990/PayrollTaxesGrp/TotalAmt06689
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08800
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09765
IRS990/PrincipalOfficerNm0MICHAEL D RIEGEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1HUD TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0197218
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt198019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0197218
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt198019
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019
IRS990/PYOtherExpensesAmt0241964
IRS990/PYOtherRevenueAmt06319
IRS990/PYProgramServiceRevenueAmt0295705
IRS990/PYRevenuesLessExpensesAmt0-60367
IRS990/PYSalariesCompEmpBnftPaidAmt0120446
IRS990/PYTotalExpensesAmt0362410
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0302043
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-92287
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0300590
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0206846
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0217257
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0183
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0300590
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0302024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0309216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0314568
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0296318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01522716
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0183
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt01522716
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0300590
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0302024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0309216
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0314568
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0296318
IRS990ScheduleA/Total509Grp/TotalAmt01522716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0300611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0302043
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0309254
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0314623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0296368
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01522899
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0688849
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01843229
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02532078
IRS990ScheduleD/EquipmentGrp/BookValueAmt09865
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024094
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033959
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0392898
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt099945
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099945
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01464
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044835
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISCELLANEOUS - HUD RECAPTURE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0300611
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT IN THE NAME OF THE PROJECT. INTEREST EARNED ON SUCH DEPOSITS IS PAID TO THE INDIVIDUAL TENANTS ON AN ANNUAL BASIS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE COMPANY IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND SECTION 402 OF THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE IN THE COMPANY'S INCOME TAX RETURNS. ORGANIZATIONS TAKE MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME AS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE COMPANY HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS. THE COMPANY FILES ITS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IN THE U.S. FEDERAL JURISDICTION AND ITS ANNUAL FILING OF CHARITABLE ORGANIZATIONS IN NEW YORK STATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0800123
IRS990ScheduleD/TotalExpensesPerForm990Amt0392898
IRS990ScheduleD/TotalLiabilityAmt06438
IRS990ScheduleD/TotalRevenuePerForm990Amt0300611
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0300611
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0392898
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0191328
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1138293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2149427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06943
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17274
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt27501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt015732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt115732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL D RIEGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1AARON HEJMOWSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2BRAD PACKARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER/BOARD PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0214003
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1161299
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2156928
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. IT IS REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY IS PROVIDED TO THE ENTIRE BOARD AT A LATER DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FILING ORGANIZATION IS CURRENTLY REVIEWING THE FUTURE IMPLEMENTATION OF CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. HOWEVER, THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY, INC. BELMONT HAS IMPLEMENTED ALL THREE POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ON THE WEBSITE GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, INTERNAL POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND MONITORING OF THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,047,731
Liabilities
$2,475,281
Net assets
-$1,427,550
Revenue
$300,611
Expenses
$392,898
Net income
-$92,287
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$2.43$1.44$0.34$0.33$0.01
2023Summary only. Only limited summary data is available for this year.$1.02$2.47$1.45$0.31$0.34$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$2.48$1.43$0.30$0.39$0.09
2021Summary only. Only limited summary data is available for this year.$1.11$2.45$1.34$0.30$0.36$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$2.45$1.27$0.31$0.35$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$2.44$1.24$0.31$0.36$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$2.43$1.20$0.30$0.36$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$2.43$1.13$0.30$0.37$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$2.43$1.06$0.30$0.33$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.42$2.43$1.02$0.30$0.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.44$2.44$1.00$0.28$0.31$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.47$2.44$0.97$0.28$0.28$0.00
2012Summary only. Only limited summary data is available for this year.$1.46$2.44$0.98$0.28$0.34$0.06
2011Summary only. Only limited summary data is available for this year.$1.56$2.48$0.91$0.27$0.32$0.06