Skip to content
Nonprofiteer
← SECOND FARMS NEIGHBORHOOD HOUSING DEVELOPMENT FUND INC

Form 990 for tax year 2022

Filed by SECOND FARMS NEIGHBORHOOD HOUSING DEVELOPMENT FUND INC.

Totals

Total revenue
$1,158,737
Total expenses
$191,272
Contributions and grants received
$0
Grants paid
$125,064
Program service revenue
$0
Investment income
$1,158,737
Other revenue
$0
Total assets, end of year
$35,461,745
Total liabilities, end of year
$2,631,998
Net assets or fund balances, end of year
$32,829,747
Program services expenses (Part IX)
$153,564
Management and general expenses
$37,708
Fundraising expenses
$0
Program service expenses (Part III)
$153,564

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,158,737 · related or exempt $1,158,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,064 · program services $125,064

  • 11a · Fees: management

    total $6,000 · management and general $6,000

  • 11b · Fees: legal

    total $15,500 · management and general $15,500

  • 11c · Fees: accounting

    total $16,200 · management and general $16,200

  • 11g · Fees: other

    total $1,000 · program services $1,000

  • 20 · Interest

    total $27,500 · program services $27,500

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $809,952 · end of year $996,719

  • 15 · Other assets

    beginning of year $33,710,562 · end of year $34,465,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,734 · end of year $9,000

  • 23 · Secured mortgages and notes payable

    beginning of year $662,590 · end of year $690,090

  • 25 · Other liabilities

    beginning of year $1,932,908 · end of year $1,932,908

  • 27 · Net assets without donor restrictions

    beginning of year $31,862,282 · end of year $32,829,747

Mission and programs · 2022

Mission

TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES.

  • TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES.

    Expenses $153,564 · Grants $125,064 · Revenue $1,158,737

As filed on the 2022 return.

Listed in Part VII

  • MONSIGNOR KEVIN SULLIVAN

    PRESIDENT / DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GEORGE HORTON

    TREASURER / DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • REVEREND ERIC CRUZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DAVID BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202332929349301178

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.