Civic Intelligence

Buffalo Mercy Housing Development Fund Company Inc.

990 • Fiscal year 2023 • EIN 22-2810656

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 06, 2024

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

75th percentile

1.26x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

7.35x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Net Margin

64th percentile

3.6%

Higher net margin than 64% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

78th percentile

$221,101

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 65.1% of source-year revenue.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Asset Growth

25th percentile

-4.4%

Faster asset growth than 25% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

16%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$1,976,995

Down $90,962 (-4.4%) from 2022

Net Assets

Up

-$519,172

Up $12,204 (+2.3%) from 2022

Liabilities

Down

$2,496,167

Down $103,166 (-4.0%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin64th percentile

Revenue

Up

$339,655

Up $47,443 (+16%) from 2022

Expenses

Down

$327,451

Down $1,276 (-0.4%) from 2022

Net Income

Up

$12,204

Up $48,719 (+133%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $666,800Liabilities 2011: $1,299,008Net Assets 2011: -$632,2082011Assets 2012: $672,113Liabilities 2012: $1,319,999Net Assets 2012: -$647,8862012Assets 2013: $571,532Liabilities 2013: $1,241,329Net Assets 2013: -$669,7972013Assets 2014: $524,113Liabilities 2014: $1,213,543Net Assets 2014: -$689,4302014Assets 2015: $481,729Liabilities 2015: $1,180,491Net Assets 2015: -$698,7622015Assets 2016: $434,656Liabilities 2016: $1,127,009Net Assets 2016: -$692,3532016Assets 2017: $421,510Liabilities 2017: $1,083,638Net Assets 2017: -$662,1282017Assets 2018: $430,118Liabilities 2018: $1,043,665Net Assets 2018: -$613,5472018Assets 2019: $435,610Liabilities 2019: $995,243Net Assets 2019: -$559,6332019Assets 2020: $459,927Liabilities 2020: $926,690Net Assets 2020: -$466,7632020Assets 2021: $2,172,245Liabilities 2021: $2,667,106Net Assets 2021: -$494,8612021Assets 2022: $2,067,957Liabilities 2022: $2,599,333Net Assets 2022: -$531,3762022Assets 2023: $1,976,995Liabilities 2023: $2,496,167Net Assets 2023: -$519,1722023Assets 2024: $1,917,021Liabilities 2024: $2,422,418Net Assets 2024: -$505,3972024

Highlighted filing

2023

Assets$1,976,995
Liabilities$2,496,167
Net Assets-$519,172
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $320,8292011Expenses 2012: $336,6142012Revenue 2013: $319,957Expenses 2013: $341,868Net Income 2013: -$21,9112013Revenue 2014: $321,568Expenses 2014: $341,201Net Income 2014: -$19,6332014Revenue 2015: $312,085Expenses 2015: $321,417Net Income 2015: -$9,3322015Revenue 2016: $318,332Expenses 2016: $311,923Net Income 2016: $6,4092016Revenue 2017: $322,404Expenses 2017: $292,179Net Income 2017: $30,2252017Revenue 2018: $329,794Expenses 2018: $281,213Net Income 2018: $48,5812018Revenue 2019: $338,909Expenses 2019: $284,995Net Income 2019: $53,9142019Revenue 2020: $361,568Expenses 2020: $268,698Net Income 2020: $92,8702020Revenue 2021: $315,141Expenses 2021: $343,239Net Income 2021: -$28,0982021Revenue 2022: $292,212Expenses 2022: $328,727Net Income 2022: -$36,5152022Revenue 2023: $339,655Expenses 2023: $327,451Net Income 2023: $12,2042023Revenue 2024: $351,345Expenses 2024: $337,570Net Income 2024: $13,7752024

Highlighted filing

2023

Revenue$339,655
Expenses$327,451
Net Income$12,204
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$339,655
Mission and Program Overview

Mission

Buffalo mercy housing development fund company, inc. Was formed to acquire an interest in real property located in buffalo, new york and construct and operate thereon an apartment complex of 32 units for elderly or handicapped residents, under section 202 of the housing act of 1959.

Buffalo mercy housing development fund company, inc was formed to develop on a nonprofit basis a housing project for persons of low income where no adequate housing exists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,800,117$1,752,501▼ $47,616
Savings and Temporary Cash Investments$254,343$180,921▼ $73,422
Cash and Non-Interest-Bearing Accounts$91$28,469▲ $28,378
Accounts Receivable$5,108$4,978▼ $130
Prepaid Expenses and Deferred Charges$1,474$2,540▲ $1,066
Total Assets$2,067,957$1,976,995▼ $90,962
Other Assets Total$6,824$7,586▲ $762
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,513,132$2,444,093▼ $69,039
Accounts Payable and Accrued Expenses$76,601$39,957▼ $36,644
Escrow Account Liability$6,824$7,586▲ $762
Deferred Revenue$2,776$4,531▲ $1,755
Total Liabilities$2,599,333$2,496,167▼ $103,166
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-531,376$-519,172▲ $12,204
Total Net Assets Fund Balance$-531,376$-519,172▲ $12,204
Total Liabilities and Net Assets / Fund Balance$2,067,957$1,976,995▼ $90,962

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,573,785$1,725,502$3,299,287
Land$170,000-$170,000
Other Land Buildings$7,661$76,068$83,729
Leasehold Improvements$0$73,856$73,856
Equipment$1,055$67,146$68,201
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Pamela BergerBoard Member/board VP/treasurer$148,806$148,806
Joyelle TedeschiBoard Member$137,702$137,702

Board Members and Trustees

NameTitle
Michael D RiegelBoard Member/board President
Brad PackardBoard Member/board VP/secretary
Aaron HejmowskiCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$329,673
Investment Income
$1,257
Other Revenue
$8,725
Change in Net Assets
$12,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$339,655
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$339,655
Total Revenue per Form 990
$339,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$278,323
Salaries, Compensation, and Employee Benefits$49,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$72,881--$72,881
Interest$60,822--$60,822
Other Salaries and Wages$41,842--$41,842
Insurance$20,331--$20,331
Fees for Services Management$17,898--$17,898
All Other Expenses$9,946$2,707-$12,653
Other Expenses$10,774--$10,774
Fees for Services Accounting-$9,327-$9,327
Office Expenses$7,626--$7,626
Other Employee Benefits$4,952--$4,952
Payroll Taxes$2,334--$2,334
Advertising-$792-$792
Total Functional Expenses$314,625$12,826$0$327,451

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$327,451
Total Expenses per Audited Statements$327,451
Total Expenses per Form 990$327,451
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
Buffalo Mercy Housing Development Fund
EIN
22-2810656
Phone
7168847791
Address
2393 MAIN STREET, BUFFALO, NY 14214

Signing Officer

Name
Michael D Riegel
Title
President
Phone
7168847791
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael D Riegel
Formed
1987
Legal Domicile
Ny
Voting Board Members
4
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.”

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IRS990/PayrollTaxesGrp/TotalAmt02334
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01474
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02540
IRS990/PrincipalOfficerNm0MICHAEL D RIEGEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0HUD TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0224233
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1105440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0224233
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1105440
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0466
IRS990/PYOtherExpensesAmt0280396
IRS990/PYOtherRevenueAmt017675
IRS990/PYProgramServiceRevenueAmt0274071
IRS990/PYRevenuesLessExpensesAmt0-36515
IRS990/PYSalariesCompEmpBnftPaidAmt048331
IRS990/PYTotalExpensesAmt0328727
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0292212
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt012204
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0338398
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0254343
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0180921
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01257
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0466
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0841
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0338398
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0291746
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0314300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0361539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0338854
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01644837
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01257
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0841
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02648
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt01644837
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0338398
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0291746
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0314300
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0361539
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0338854
IRS990ScheduleA/Total509Grp/TotalAmt01644837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0339655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0292212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0315141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0361568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0338909
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01647485
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01573785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01725502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03299287
IRS990ScheduleD/EquipmentGrp/BookValueAmt01055
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067146
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068201
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0327451
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0170000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt073856
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt073856
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07661
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt076068
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt083729
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0339655
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/TotalBookValueLandBuildingsAmt01752501
IRS990ScheduleD/TotalExpensesPerForm990Amt0327451
IRS990ScheduleD/TotalRevenuePerForm990Amt0339655
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0339655
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0327451
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/CompensationBasedOnRltdOrgsAmt0196021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1151821
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2148067
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/DeferredCompRltdOrgsAmt07776
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt27470
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017304
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
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/PersonNm1BRAD PACKARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2AARON HEJMOWSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER/BOARD PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER/BOARD VP/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0221101
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1159441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2155537
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,976,995
Liabilities
$2,496,167
Net assets
-$519,172
Revenue
$339,655
Expenses
$327,451
Net income
$12,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.92$2.42$0.51$0.35$0.34$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.98$2.50$0.52$0.34$0.33$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.07$2.60$0.53$0.29$0.33$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.17$2.67$0.49$0.32$0.34$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.93$0.47$0.36$0.27$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.44$1.00$0.56$0.34$0.28$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.43$1.04$0.61$0.33$0.28$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.42$1.08$0.66$0.32$0.29$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.43$1.13$0.69$0.32$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.48$1.18$0.70$0.31$0.32$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.52$1.21$0.69$0.32$0.34$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.57$1.24$0.67$0.32$0.34$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$1.32$0.65$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$1.30$0.63$0.32
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