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Nonprofiteer
← PFI HOUSING COMPANY OF AUBURN INC C

Form 990 for tax year 2023

Filed by PFI HOUSING COMPANY OF AUBURN INC C.

Totals

Total revenue
$1,434,371
Total expenses
$1,412,283
Contributions and grants received
$60,000
Grants paid
$0
Program service revenue
$1,356,181
Investment income
$3,888
Other revenue
$14,302
Total assets, end of year
$3,818,070
Total liabilities, end of year
$3,410,854
Net assets or fund balances, end of year
$407,216
Program services expenses (Part IX)
$1,223,366
Management and general expenses
$188,917
Fundraising expenses
$0
Program service expenses (Part III)
$1,223,366

Program services were 86.6% 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.

  • 1e · Government grants (contributions)

    $60,000

  • 2a · Program service revenue: RENTAL INCOME - HUD

    total $741,384 · related or exempt $741,384

  • 2b · Program service revenue: RENTAL INCOME - TENANT

    total $587,960 · related or exempt $587,960

  • 2c · Program service revenue: RENTAL INCOME - COMMER

    total $26,837 · related or exempt $26,837

  • 3 · Investment income

    total $3,888 · excluded $3,888

  • 11a · Other revenue: LAUNDRY, VENDING AND O

    total $8,796 · related or exempt $8,796

  • 11b · Other revenue: OTHER MISC. INCOME

    total $5,506 · related or exempt $5,506

  • 11e · Other revenue, total

    $14,302

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $266,585 · program services $266,585

  • 8 · Pension plan contributions

    total $6,498 · program services $6,498

  • 9 · Other employee benefits

    total $81,702 · program services $81,702

  • 10 · Payroll taxes

    total $22,268 · program services $22,268

  • 11a · Fees: management

    total $97,074 · management and general $97,074

  • 11b · Fees: legal

    total $1,400 · management and general $1,400

  • 11c · Fees: accounting

    total $23,930 · management and general $23,930

  • 12 · Advertising and promotion

    total $911 · management and general $911

  • 13 · Office expenses

    total $27,410 · management and general $27,410

  • 16 · Occupancy

    total $255,154 · program services $255,154

  • 19 · Conferences, conventions and meetings

    total $879 · management and general $879

  • 20 · Interest

    total $163,480 · program services $163,480

  • 22 · Depreciation, depletion and amortization

    total $288,306 · program services $288,306

  • 23 · Insurance

    total $78,607 · program services $78,607

  • 24a · Other expenses: SERVICE COORDINATOR

    total $59,210 · program services $59,210

  • 24b · Other expenses: OTHER ADMIN

    total $37,313 · management and general $37,313

  • 24c · Other expenses: MISC. EXPENSE

    total $1,556 · program services $1,556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,619 · end of year $4,036

  • 4 · Accounts receivable

    beginning of year $9,666 · end of year $111

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,933 · end of year $23,487

  • 10a · Land, buildings and equipment: cost or other basis

    $9,515,622

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,800,044

  • 10c · Land, buildings and equipment, net

    beginning of year $2,931,412 · end of year $2,715,578

  • 15 · Other assets

    beginning of year $813,760 · end of year $1,074,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,550 · end of year $116,879

  • 19 · Deferred revenue

    beginning of year $516 · end of year $3,843

  • 23 · Secured mortgages and notes payable

    beginning of year $3,311,215 · end of year $3,219,194

  • 25 · Other liabilities

    beginning of year $64,981 · end of year $70,938

  • 27 · Net assets without donor restrictions

    beginning of year $385,128 · end of year $407,216

Mission and programs · 2023

Mission

PFI HOUSING COMPANY OF AUBURN, INC. (EDWARD T. BOYLE CENTER) IS A NONPROFIT CORPORATION FORMED PURSUANT TO SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE CORPORATION WAS ORGANIZED TO PROVIDE DWELLING ACCOMMODATIONS AND RELATED SOCIAL AND RECREATIONAL FACILITIES AND SERVICES FOR ELDERLY AND HANDICAPPED PERSONS AND FAMILIES OF LOW AND MODERATE INCOME. SAID PROJECT IS KNOWN AS EDWARD T. BOYLE CENTER AND IS LOCATED IN AUBURN, NEW YORK.

Activities or mission (Part I)

LOW INCOME HOUSING PROJECT

  • OPERATION OF A 150-UNIT PROJECT IS SUBJECT TO A REGULATORY AGREEMENT FOR NONPROFIT AND PUBLIC MORTGAGES UNDER THE SECTION 202 BASIC RENTAL PROGRAM (FEDERAL HOUSING ADMINISTRATION).

    Expenses $1,223,366 · Revenue $1,370,483

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Vijay Mital

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • James Hutchinson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Earle Thurston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nelsa Selover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maggie Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Long

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349304784

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