Civic Intelligence

1490 Estates Housing Development Fund Corp

990 • Fiscal year 2022 • EIN 16-1498651

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization ProfileN/A
215 BroadwayBuffalo, NY 14204

(716) 881-6654

Siviq Scores

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

Liabilities / Assets

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.37x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-82%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

4.3%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,388,346

Down $271,484 (-16%) from 2021

Net Assets

Down

$1,239,657

Down $333,633 (-21%) from 2021

Liabilities

Up

$148,689

Up $62,149 (+72%) from 2021

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin4th percentile

Revenue

Up

$405,830

Up $16,916 (+4.3%) from 2021

Expenses

Up

$739,463

Up $144,896 (+24%) from 2021

Net Income

Down

-$333,633

Down $127,980 (-62%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,899,657Liabilities 2011: $32,281Net Assets 2011: $2,867,3762011Assets 2012: $2,763,942Liabilities 2012: $29,749Net Assets 2012: $2,734,1932012Assets 2013: $2,653,601Liabilities 2013: $30,096Net Assets 2013: $2,623,5052013Assets 2014: $2,530,290Liabilities 2014: $37,689Net Assets 2014: $2,492,6012014Assets 2015: $2,410,415Liabilities 2015: $35,872Net Assets 2015: $2,374,5432015Assets 2016: $2,304,342Liabilities 2016: $27,136Net Assets 2016: $2,277,2062016Assets 2017: $2,229,028Liabilities 2017: $25,546Net Assets 2017: $2,203,4822017Assets 2018: $2,106,933Liabilities 2018: $31,663Net Assets 2018: $2,075,2702018Assets 2019: $1,961,063Liabilities 2019: $31,752Net Assets 2019: $1,929,3112019Assets 2020: $1,833,707Liabilities 2020: $54,764Net Assets 2020: $1,778,9432020Assets 2021: $1,659,830Liabilities 2021: $86,540Net Assets 2021: $1,573,2902021Assets 2022: $1,388,346Liabilities 2022: $148,689Net Assets 2022: $1,239,6572022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2022

Assets$1,388,346
Liabilities$148,689
Net Assets$1,239,657
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $437,1122011Expenses 2012: $467,2572012Revenue 2013: $329,506Expenses 2013: $440,194Net Income 2013: -$110,6882013Revenue 2014: $332,985Expenses 2014: $463,889Net Income 2014: -$130,9042014Revenue 2015: $333,948Expenses 2015: $452,006Net Income 2015: -$118,0582015Revenue 2016: $335,010Expenses 2016: $432,347Net Income 2016: -$97,3372016Revenue 2017: $367,910Expenses 2017: $441,634Net Income 2017: -$73,7242017Revenue 2018: $384,071Expenses 2018: $512,283Net Income 2018: -$128,2122018Revenue 2019: $386,256Expenses 2019: $532,215Net Income 2019: -$145,9592019Revenue 2020: $388,054Expenses 2020: $538,422Net Income 2020: -$150,3682020Revenue 2021: $388,914Expenses 2021: $594,567Net Income 2021: -$205,6532021Revenue 2022: $405,830Expenses 2022: $739,463Net Income 2022: -$333,6332022Revenue 2023: $931,822Expenses 2023: $563,540Net Income 2023: $368,2822023

Highlighted filing

2022

Revenue$405,830
Expenses$739,463
Net Income-$333,633
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$405,830
Mission and Program Overview

Mission

Provide housing for low income elderly persons.

Provide housing for low income elderly persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,155,546$998,639▼ $156,907
Cash and Non-Interest-Bearing Accounts$2,628$77,867▲ $75,239
Prepaid Expenses and Deferred Charges$19,579$11,803▼ $7,776
Accounts Receivable$8,201$4,886▼ $3,315
Total Assets$1,659,830$1,388,346▼ $271,484
Other Assets Total$473,876$295,151▼ $178,725
Liabilities
Accounts Payable and Accrued Expenses$70,272$130,462▲ $60,190
Other Liabilities$16,268$13,937▼ $2,331
Deferred Revenue-$4,290-
Total Liabilities$86,540$148,689▲ $62,149
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,573,290$1,239,657▼ $333,633
Total Net Assets Fund Balance$1,573,290$1,239,657▼ $333,633
Total Liabilities and Net Assets / Fund Balance$1,659,830$1,388,346▼ $271,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$937,054$3,704,066$4,641,120
Other Land Buildings$0$45,318$45,318
Land$43,405-$43,405
Equipment$18,180$14,883$33,063
Other Assets Org$278,869--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Herbert L Bellamy JrPresident
Ashley WashingtonDirector
Brad WattsDirector
Chantelle N BellamyDirector
Gregory DavisDirector
James Hill JrDirector
Minnie ClemonsDirector
Patrick FreemanDirector
Robert L RobinsonDirector
Delphine StaleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,499
Program Service Revenue
$386,812
Investment Income
$243
Other Revenue
$17,276
Change in Net Assets
$-333,633

Audited Revenue Reconciliation

Revenue per Audited Statements
$405,830
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$405,830
Total Revenue per Form 990
$405,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$606,508
Salaries, Compensation, and Employee Benefits$132,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$156,907--$156,907
Other Salaries and Wages$113,622--$113,622
Occupancy$62,157--$62,157
Fees for Services Management-$44,726-$44,726
Insurance$31,888--$31,888
All Other Expenses$27,263--$27,263
Other Expenses$23,440--$23,440
Office Expenses$19,268--$19,268
Payroll Taxes$14,560--$14,560
Fees for Services Accounting-$12,589-$12,589
Fees for Services Legal$5,785--$5,785
Other Employee Benefits$4,773--$4,773
Advertising$4,634--$4,634
Total Functional Expenses$682,148$57,315$0$739,463

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$739,463
Total Expenses per Audited Statements$739,463
Total Expenses per Form 990$739,463
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
Tenant Deposits$13,937
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Herbert bellamy, jr., president and chantelle bellamy are father and daughter.”

Form 990, Part VI, Section A, Line 3

“The property is managed by silver tree residential, llc (silver tree), pursuant to a management agreement approved by hud.”

Form 990, Part VI, Section A, Line 6

“The organization has a board which is comprised of members who are not compensated.”

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

“Governing board 990 review process: annually each member of the board of directors will review the proposed form 990 prior to submission to the appropriate agencies.”

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

“The organization has each board member confirm annually that he or she does not have any conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The board of directors approves the salary of the top management officials and officers and reviews them on an annual basis.”

Form 990, Part VI, Section C, Line 19

“All are available on site by request.”

Filing and Contact Details

Filer

Filer Name
1490 Estates Housing Development Fund Co
EIN
16-1498651
Phone
7168816654
Address
215 BROADWAY, BUFFALO, NY 14204

Signing Officer

Name
Herbert L Bellamy Jr
Title
President
Phone
7168816654
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herbert L Bellamy Jr
Formed
1996
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
Natosha Carr
Phone
9373992000
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process has not changed.”

Financial Statement Notes

PART X, LINE 2:

“No provision or benefit for income taxes has been included in these financial statements since the corporation was organized as a not-for-profit corporation and has secured tax exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2022. The corporation has determined that all income tax filing positions would be sustained upon examination and accordingly, the corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions pursuant to asc 740 income taxes as of december 31, 2022.”

Raw XML AppendixShowing 400 of 473 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/BOYAmt070272
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0130462
IRS990/AccountsReceivableGrp/BOYAmt08201
IRS990/AccountsReceivableGrp/EOYAmt04886
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS
IRS990/AdvertisingGrp/ProgramServicesAmt04634
IRS990/AdvertisingGrp/TotalAmt04634
IRS990/AllOtherExpensesGrp/ProgramServicesAmt027263
IRS990/AllOtherExpensesGrp/TotalAmt027263
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SILVER TREE RESIDENTIAL LLC
IRS990/BooksInCareOfDetail/PhoneNum06788606833
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0795 RIDGE LAKE BLVD SUITE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038120
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02628
IRS990/CashNonInterestBearingGrp/EOYAmt077867
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01499
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0243
IRS990/CYOtherExpensesAmt0606508
IRS990/CYOtherRevenueAmt017276
IRS990/CYProgramServiceRevenueAmt0386812
IRS990/CYRevenuesLessExpensesAmt0-333633
IRS990/CYSalariesCompEmpBnftPaidAmt0132955
IRS990/CYTotalExpensesAmt0739463
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0405830
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt04290
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0156907
IRS990/DepreciationDepletionGrp/TotalAmt0156907
IRS990/Desc0THE COMPANY OPERATES A HUD REGULATED HOUSING PROJECT FRO LOWE INCOME ELDERLY PERSONS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0682148
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012589
IRS990/FeesForServicesAccountingGrp/TotalAmt012589
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05785
IRS990/FeesForServicesLegalGrp/TotalAmt05785
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt044726
IRS990/FeesForServicesManagementGrp/TotalAmt044726
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0HERBERT L BELLAMY JR
IRS990/Form990PartVIISectionAGrp/PersonNm1DELPHINE STALEY
IRS990/Form990PartVIISectionAGrp/PersonNm2GREGORY DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES HILL JR
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT L ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm5CHANTELLE N BELLAMY
IRS990/Form990PartVIISectionAGrp/PersonNm6ASHLEY WASHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm7MINNIE CLEMONS
IRS990/Form990PartVIISectionAGrp/PersonNm8BRAD WATTS
IRS990/Form990PartVIISectionAGrp/PersonNm9PATRICK FREEMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt01499
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0405830
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt031888
IRS990/InsuranceGrp/TotalAmt031888
IRS990/InvestmentIncomeGrp/ExclusionAmt0243
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0243
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03764267
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01155546
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0998639
IRS990/LandBldgEquipCostOrOtherBssAmt04762906
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01573290
IRS990/NetAssetsOrFundBalancesEOYAmt01239657
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01573290
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01239657
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt062157
IRS990/OccupancyGrp/TotalAmt062157
IRS990/OfficeExpensesGrp/ProgramServicesAmt019268
IRS990/OfficeExpensesGrp/TotalAmt019268
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0473876
IRS990/OtherAssetsTotalGrp/EOYAmt0295151
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04773
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04773
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3GARBAGE AND TRASH REMOV
IRS990/OtherExpensesGrp/ProgramServicesAmt0147726
IRS990/OtherExpensesGrp/ProgramServicesAmt138890
IRS990/OtherExpensesGrp/ProgramServicesAmt231235
IRS990/OtherExpensesGrp/ProgramServicesAmt323440
IRS990/OtherExpensesGrp/TotalAmt0147726
IRS990/OtherExpensesGrp/TotalAmt138890
IRS990/OtherExpensesGrp/TotalAmt231235
IRS990/OtherExpensesGrp/TotalAmt323440
IRS990/OtherLiabilitiesGrp/BOYAmt016268
IRS990/OtherLiabilitiesGrp/EOYAmt013937
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY REVENUE
IRS990/OtherRevenueMiscGrp/Desc2OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt03157
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013291
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1828
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013291
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13157
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2828
IRS990/OtherRevenueTotalAmt017276
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113622
IRS990/OtherSalariesAndWagesGrp/TotalAmt0113622
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014560
IRS990/PayrollTaxesGrp/TotalAmt014560
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019579
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011803
IRS990/PrincipalOfficerNm0HERBERT L BELLAMY JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1RENT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0198701
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1188111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0198701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1188111
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0188
IRS990/PYOtherExpensesAmt0458819
IRS990/PYOtherRevenueAmt02533
IRS990/PYProgramServiceRevenueAmt0386193
IRS990/PYRevenuesLessExpensesAmt0-205653
IRS990/PYSalariesCompEmpBnftPaidAmt0135748
IRS990/PYTotalExpensesAmt0594567
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0388914
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-333633
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0400931
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01499
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0243
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07477
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04938
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0400931
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0386139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0380947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0374737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0374604
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01917358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016509
IRS990ScheduleA/InvestmentIncomeCYPct00.00850
IRS990ScheduleA/InvestmentIncomePYPct00.00960
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03157
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02533
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03444
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04042
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04529
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017705
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98250
IRS990ScheduleA/PublicSupportPY509Pct00.98010
IRS990ScheduleA/PublicSupportTotal509Amt01918857
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0402430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0386139
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0380947
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0374737
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0374604
IRS990ScheduleA/Total509Grp/TotalAmt01918857
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0405830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0388860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0388054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0386256
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0384071
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01953071
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0937054
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03704066
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04641120
IRS990ScheduleD/EquipmentGrp/BookValueAmt018180
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014883
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033063
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0739463
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt043405
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043405
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016282
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1278869
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045318
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0405830
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE CORPORATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. THE CORPORATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO ASC 740 INCOME TAXES AS OF DECEMBER 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0998639
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0295151
IRS990ScheduleD/TotalExpensesPerForm990Amt0739463
IRS990ScheduleD/TotalLiabilityAmt013937
IRS990ScheduleD/TotalRevenuePerForm990Amt0405830
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0405830
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0739463
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HERBERT BELLAMY, JR., PRESIDENT AND CHANTELLE BELLAMY ARE FATHER AND DAUGHTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROPERTY IS MANAGED BY SILVER TREE RESIDENTIAL, LLC (SILVER TREE), PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A BOARD WHICH IS COMPRISED OF MEMBERS WHO ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING BOARD 990 REVIEW PROCESS: ANNUALLY EACH MEMBER OF THE BOARD OF DIRECTORS WILL REVIEW THE PROPOSED FORM 990 PRIOR TO SUBMISSION TO THE APPROPRIATE AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS EACH BOARD MEMBER CONFIRM ANNUALLY THAT HE OR SHE DOES NOT HAVE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS APPROVES THE SALARY OF THE TOP MANAGEMENT OFFICIALS AND OFFICERS AND REVIEWS THEM ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL ARE AVAILABLE ON SITE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01659830
IRS990/TotalAssetsEOYAmt01388346
IRS990/TotalAssetsGrp/BOYAmt01659830

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
$1,388,346
Liabilities
$148,689
Net assets
$1,239,657
Revenue
$405,830
Expenses
$739,463
Net income
-$333,633
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.93$0.56$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.39$0.15$1.24$0.41$0.74$0.33
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.09$1.57$0.39$0.59$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.83$0.05$1.78$0.39$0.54$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.03$1.93$0.39$0.53$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.11$0.03$2.08$0.38$0.51$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$0.37$0.44$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.03$2.28$0.34$0.43$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.41$0.04$2.37$0.33$0.45$0.12
2014Detailed filing. Detailed filing data is available for this year.$2.53$0.04$2.49$0.33$0.46$0.13
2013Detailed filing. Detailed filing data is available for this year.$2.65$0.03$2.62$0.33$0.44$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.03$2.73$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.03$2.87$0.44