Civic Intelligence

Main Ferry Housing Development Fund Company Inc.

990 • Fiscal year 2022 • EIN 27-2066321

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 29, 2023

Organization ProfileN/A
1542 Main StreetBuffalo, NY 14209

(716) 854-1400

Siviq Scores

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

Liabilities / Assets

61st percentile

0.85x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

19.70x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-111%

Higher net margin than 4% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-4.7%

Faster asset growth than 25% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

15%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$1,752,203

Down $86,294 (-4.7%) from 2021

Net Assets

Down

$259,128

Down $84,187 (-25%) from 2021

Liabilities

Down

$1,493,075

Down $2,107 (-0.1%) from 2021

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin4th percentile

Revenue

Up

$75,794

Up $9,658 (+15%) from 2021

Expenses

Up

$159,981

Up $4,304 (+2.8%) from 2021

Net Income

Up

-$84,187

Up $5,354 (+6.0%) from 2021

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 2016: $2,347,050Liabilities 2016: $1,486,384Net Assets 2016: $860,6662016Assets 2017: $2,240,506Liabilities 2017: $1,487,206Net Assets 2017: $753,3002017Assets 2018: $2,124,001Liabilities 2018: $1,488,868Net Assets 2018: $635,1332018Assets 2019: $2,022,767Liabilities 2019: $1,491,760Net Assets 2019: $531,0072019Assets 2020: $1,922,873Liabilities 2020: $1,490,017Net Assets 2020: $432,8562020Assets 2021: $1,838,497Liabilities 2021: $1,495,182Net Assets 2021: $343,3152021Assets 2022: $1,752,203Liabilities 2022: $1,493,075Net Assets 2022: $259,1282022Assets 2023: $1,626,975Liabilities 2023: $1,508,867Net Assets 2023: $118,1082023Assets 2024: $1,508,407Liabilities 2024: $1,556,182Net Assets 2024: -$47,7752024

Highlighted filing

2022

Assets$1,752,203
Liabilities$1,493,075
Net Assets$259,128
Open 2022 Filing

Operations Trend

Revenue Growth78th percentile

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

$400K$200K$0-$200KRevenue 2016: $60,963Expenses 2016: $162,300Net Income 2016: -$101,3372016Revenue 2017: $59,841Expenses 2017: $167,207Net Income 2017: -$107,3662017Revenue 2018: $63,206Expenses 2018: $181,373Net Income 2018: -$118,1672018Revenue 2019: $69,771Expenses 2019: $173,897Net Income 2019: -$104,1262019Revenue 2020: $65,409Expenses 2020: $163,560Net Income 2020: -$98,1512020Revenue 2021: $66,136Expenses 2021: $155,677Net Income 2021: -$89,5412021Revenue 2022: $75,794Expenses 2022: $159,981Net Income 2022: -$84,1872022Revenue 2023: $67,543Expenses 2023: $208,563Net Income 2023: -$141,0202023Revenue 2024: $72,018Expenses 2024: $237,901Net Income 2024: -$165,8832024

Highlighted filing

2022

Revenue$75,794
Expenses$159,981
Net Income-$84,187
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 29, 2023
Return Version
2022v5.0
Gross Receipts
$75,794
Mission and Program Overview

Mission

The company was organized exclusively for the charitable purpose of owning, organizing, managing, maintaining, developing and operating on a non-profit basis a residential housing rental project for persons of low income and to provide offices for a non-profit civil rights organization.

The company was incorporated pursuant to article xi of the private housing finance law and section 402 of the not-for-profit corporation law exclusively for the charitable purpose of owning, organizing, managing, maintaining, developing and operating, on a non-profit basis, a residential housing rental project for persons of low income and to provide offices for a non-profit civil rights organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,738,979$1,637,483▼ $101,496
Prepaid Expenses and Deferred Charges$4,183$4,183→ $0
Cash and Non-Interest-Bearing Accounts$1,371$1,180▼ $191
Accounts Receivable$760$1,126▲ $366
Total Assets$1,838,497$1,752,203▼ $86,294
Other Assets Total$93,204$108,231▲ $15,027
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,482,134$1,482,134→ $0
Accounts Payable and Accrued Expenses$8,491$6,383▼ $2,108
Other Liabilities$4,557$4,558▲ $1
Total Liabilities$1,495,182$1,493,075▼ $2,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$343,315$259,128▼ $84,187
Total Net Assets Fund Balance$343,315$259,128▼ $84,187
Total Liabilities and Net Assets / Fund Balance$1,838,497$1,752,203▼ $86,294

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,618,733$1,092,488$2,711,221
Land$18,750-$18,750
Other Assets Org$5,250--
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Deanna EasonPresident
Charles ColstonVice President
Todd VaarwerkDirector
Jessica Milano-cartySecretary
Leslie VishwanathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,214
Program Service Revenue
$66,561
Investment Income
$19
Other Revenue
$0
Change in Net Assets
$-84,187

Audited Revenue Reconciliation

Revenue per Audited Statements
$75,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$75,794
Total Revenue per Form 990
$75,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,746
Salaries, Compensation, and Employee Benefits$5,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$87,287$14,209-$101,496
Insurance$13,014--$13,014
All Other Expenses$6,444--$6,444
Fees for Services Accounting$4,515$735-$5,250
Other Salaries and Wages$5,235--$5,235
Fees for Services Management$2,487$405-$2,892
Office Expenses$1,891$308-$2,199
Other Expenses$2,121--$2,121
Advertising$46--$46
Total Functional Expenses$144,324$15,657$0$159,981

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$159,981
Total Expenses per Audited Statements$159,981
Total Expenses per Form 990$159,981
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Deanna EasonOfficer of Both Organizations.See Schedule R, Part V.No-
Deanna EasonOfficer of Both Organizations.See Schedule R, Part V.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
TENANTS' SECURITY DEPOSITS$3,858
Deferred Revenue$700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The board of directors employs delta development of western new york, inc. To manage the operating activities of the company. However, all activities of the organization are subject to approval by the state of new york housing trust fund corporation.”

Form 990, Part VI, Section A, Line 6

“Housing opportunities made equal, inc., a domestic corporation exempt from taxes under section 501(c)(3) of the internal revenue code, is the sole member of the corporation.”

Form 990, Part VI, Section A, Line 7A

“The company's sole member appoints the governing body.”

Form 990, Part VI, Section A, Line 7B

“The corporation's administrative and operating activities are governed by a regulatory agreement with the state of new york housing trust fund corporation.”

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

“Form 990 is reviewed and approved by the president and the treasurer prior to filing and is made available to all board members after filing.”

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

“Board of director members are required to disclose any potential conflicts of interest on an annual basis or as situations arise.”

Form 990, Part VI, Section C, Line 19

“The corporation's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Main-ferry Housing Development Fund
EIN
27-2066321
Phone
7168541400
Address
1542 MAIN STREET, BUFFALO, NY 14209

Signing Officer

Name
Deanna Eason
Title
President
Phone
7168541400
Signed
2023-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Eason
Formed
2010
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Allied Cpas Pc
Address
501 JOHN JAMES AUDUBON SUITE 390, AMHERST, NY 14228
Preparer
Jason J Mayausky CPA
Phone
7166940336
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The company discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management of the company has concluded that the company has taken no uncertain tax positions that require adjustment in its financial statements. Tax returns filed by the company are subject to examination by taxing authorities generally for a period of three years after they were filed.”

Raw XML AppendixShowing 400 of 477 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/BOYAmt08491
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06383
IRS990/AccountsReceivableGrp/BOYAmt0760
IRS990/AccountsReceivableGrp/EOYAmt01126
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE COMPANY WAS INCORPORATED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW AND SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, ORGANIZING, MANAGING, MAINTAINING, DEVELOPING AND OPERATING, ON A NON-PROFIT BASIS, A RESIDENTIAL HOUSING RENTAL PROJECT FOR PERSONS OF LOW INCOME AND TO PROVIDE OFFICES FOR A NON-PROFIT CIVIL RIGHTS ORGANIZATION.
IRS990/AdvertisingGrp/ProgramServicesAmt046
IRS990/AdvertisingGrp/TotalAmt046
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06444
IRS990/AllOtherExpensesGrp/TotalAmt06444
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07168541400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01542 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014209
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt01371
IRS990/CashNonInterestBearingGrp/EOYAmt01180
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09214
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019
IRS990/CYOtherExpensesAmt0154746
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt066561
IRS990/CYRevenuesLessExpensesAmt0-84187
IRS990/CYSalariesCompEmpBnftPaidAmt05235
IRS990/CYTotalExpensesAmt0159981
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt075794
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt014209
IRS990/DepreciationDepletionGrp/ProgramServicesAmt087287
IRS990/DepreciationDepletionGrp/TotalAmt0101496
IRS990/Desc0PROVIDES 10 UNITS OF AFFORDABLE HOUSING TO PERSONS OF LOW INCOME AND ALSO PROVIDES OFFICE SPACE TO A NONPROFIT ORGANIZATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0144324
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0735
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04515
IRS990/FeesForServicesAccountingGrp/TotalAmt05250
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0405
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt02487
IRS990/FeesForServicesManagementGrp/TotalAmt02892
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
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/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DEANNA EASON
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES COLSTON
IRS990/Form990PartVIISectionAGrp/PersonNm2LESLIE VISHWANATH
IRS990/Form990PartVIISectionAGrp/PersonNm3JESSICA MILANO-CARTY
IRS990/Form990PartVIISectionAGrp/PersonNm4TODD VAARWERK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt075794
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt013014
IRS990/InsuranceGrp/TotalAmt013014
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01092488
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01738979
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01637483
IRS990/LandBldgEquipCostOrOtherBssAmt02729971
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE COMPANY WAS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, ORGANIZING, MANAGING, MAINTAINING, DEVELOPING AND OPERATING ON A NON-PROFIT BASIS A RESIDENTIAL HOUSING RENTAL PROJECT FOR PERSONS OF LOW INCOME AND TO PROVIDE OFFICES FOR A NON-PROFIT CIVIL RIGHTS ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01482134
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01482134
IRS990/NetAssetsOrFundBalancesBOYAmt0343315
IRS990/NetAssetsOrFundBalancesEOYAmt0259128
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0343315
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0259128
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0308
IRS990/OfficeExpensesGrp/ProgramServicesAmt01891
IRS990/OfficeExpensesGrp/TotalAmt02199
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt093204
IRS990/OtherAssetsTotalGrp/EOYAmt0108231
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTANCE
IRS990/OtherExpensesGrp/Desc1WATER AND SEWER
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3ELECTRICITY
IRS990/OtherExpensesGrp/ProgramServicesAmt011548
IRS990/OtherExpensesGrp/ProgramServicesAmt16336
IRS990/OtherExpensesGrp/ProgramServicesAmt23400
IRS990/OtherExpensesGrp/ProgramServicesAmt32121
IRS990/OtherExpensesGrp/TotalAmt011548
IRS990/OtherExpensesGrp/TotalAmt16336
IRS990/OtherExpensesGrp/TotalAmt23400
IRS990/OtherExpensesGrp/TotalAmt32121
IRS990/OtherLiabilitiesGrp/BOYAmt04557
IRS990/OtherLiabilitiesGrp/EOYAmt04558
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05235
IRS990/OtherSalariesAndWagesGrp/TotalAmt05235
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04183
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04183
IRS990/PrincipalOfficerNm0DEANNA EASON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL RENT
IRS990/ProgramServiceRevenueGrp/Desc1COMMERCIAL RENT
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058036
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2125
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2125
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021
IRS990/PYOtherExpensesAmt0155677
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt066115
IRS990/PYRevenuesLessExpensesAmt0-89541
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0155677
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt066136
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-84187
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt09214
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt066580
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09214
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt052
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt066580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt066115
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt065361
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt069710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt063154
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0330920
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0201
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt0340134
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt075794
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt066115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt065361
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt069710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt063154
IRS990ScheduleA/Total509Grp/TotalAmt0340134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt075813
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt066136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt065409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt069771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt063206
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0340335
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01618733
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01092488
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02711221
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0159981
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt018750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022870
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt176253
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23858
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt35250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RECEIVABLE FROM RELATED PARTY - HOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt075794
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT OF THE COMPANY HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. TAX RETURNS FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01637483
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0108231
IRS990ScheduleD/TotalExpensesPerForm990Amt0159981
IRS990ScheduleD/TotalLiabilityAmt04558
IRS990ScheduleD/TotalRevenuePerForm990Amt075794
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt075794
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0159981
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DEANNA EASON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1DEANNA EASON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER OF BOTH ORGANIZATIONS.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER OF BOTH ORGANIZATIONS.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE SCHEDULE R, PART V.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SEE SCHEDULE R, PART V.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS EMPLOYS DELTA DEVELOPMENT OF WESTERN NEW YORK, INC. TO MANAGE THE OPERATING ACTIVITIES OF THE COMPANY. HOWEVER, ALL ACTIVITIES OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE STATE OF NEW YORK HOUSING TRUST FUND CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HOUSING OPPORTUNITIES MADE EQUAL, INC., A DOMESTIC CORPORATION EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS THE SOLE MEMBER OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPANY'S SOLE MEMBER APPOINTS THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION'S ADMINISTRATIVE AND OPERATING ACTIVITIES ARE GOVERNED BY A REGULATORY AGREEMENT WITH THE STATE OF NEW YORK HOUSING TRUST FUND CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND THE TREASURER PRIOR TO FILING AND IS MADE AVAILABLE TO ALL BOARD MEMBERS AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTOR MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS OR AS SITUATIONS ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES MADE EQUAL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0166061434
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING CIVIL RIGHTS ADVOCACY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01542 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BUFFALO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09214
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES MADE EQUAL INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HOUSING OPPORTUNITIES MADE EQUAL INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2HOUSING OPPORTUNITIES MADE EQUAL INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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
$1,752,203
Liabilities
$1,493,075
Net assets
$259,128
Revenue
$75,794
Expenses
$159,981
Net income
-$84,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$1.56$0.05$0.07$0.24$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.63$1.51$0.12$0.07$0.21$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.75$1.49$0.26$0.08$0.16$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.84$1.50$0.34$0.07$0.16$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.92$1.49$0.43$0.07$0.16$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.02$1.49$0.53$0.07$0.17$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.12$1.49$0.64$0.06$0.18$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.24$1.49$0.75$0.06$0.17$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.35$1.49$0.86$0.06$0.16$0.10