Form 990 for tax year 2023
Filed by WOODYSUN HOUSING DEVELOPMENT FUND CORPORATION.
Totals
- Total revenue
- $1,659,761
- Total expenses
- $1,505,709
- Contributions and grants received
- $1,398,332
- Grants paid
- $0
- Program service revenue
- $258,011
- Investment income
- $1,918
- Other revenue
- $1,500
- Total assets, end of year
- $2,881,997
- Total liabilities, end of year
- $4,432,727
- Net assets or fund balances, end of year
- -$1,550,730
- Program services expenses (Part IX)
- $1,197,902
- Management and general expenses
- $307,807
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,197,902
Program services were 79.6% 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)
$1,398,332
-
2a · Program service revenue: RENTAL INCOME
total $258,011 · related or exempt $258,011
-
3 · Investment income
total $1,918 · excluded $1,918
-
11a · Other revenue: LAUNDRY INCOME
total $1,500 · excluded $1,500
-
11e · Other revenue, total
$1,500
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $167,257 · program services $56,722 · management and general $110,535
-
8 · Pension plan contributions
total $16,299 · program services $5,527 · management and general $10,772
-
9 · Other employee benefits
total $56,225 · program services $19,069 · management and general $37,156
-
10 · Payroll taxes
total $21,347 · program services $7,239 · management and general $14,108
-
11a · Fees: management
total $58,258 · management and general $58,258
-
11c · Fees: accounting
total $24,100 · management and general $24,100
-
11g · Fees: other
total $276,512 · program services $263,578 · management and general $12,934
-
13 · Office expenses
total $15,838 · management and general $15,838
-
14 · Information technology
total $3,634 · management and general $3,634
-
16 · Occupancy
total $546,669 · program services $526,197 · management and general $20,472
-
22 · Depreciation, depletion and amortization
total $129,955 · program services $129,955
-
23 · Insurance
total $46,474 · program services $46,474
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $131,923 · program services $131,923
-
24b · Other expenses: OTHER SUPPLIES
total $4,916 · program services $4,916
-
24c · Other expenses: UNIFORMS
total $2,312 · program services $2,312
-
24d · Other expenses: GARBAGE AND TRASH REMOV
total $2,080 · program services $2,080
-
24e · All other expenses
total $1,910 · program services $1,910
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,704 · end of year $32,295
-
2 · Savings and temporary cash investments
beginning of year $50,051 · end of year $51,575
-
4 · Accounts receivable
beginning of year $119,761 · end of year $52,348
-
9 · Prepaid expenses and deferred charges
beginning of year $6,842 · end of year $22,372
-
10a · Land, buildings and equipment: cost or other basis
$8,215,507
-
10b · Land, buildings and equipment: accumulated depreciation
$5,894,389
-
10c · Land, buildings and equipment, net
beginning of year $2,383,107 · end of year $2,321,118
-
15 · Other assets
beginning of year $383,431 · end of year $402,289
-
17 · Accounts payable and accrued expenses
beginning of year $243,052 · end of year $81,317
-
19 · Deferred revenue
beginning of year $14,453 · end of year $15,379
-
21 · Escrow or custodial account liability
beginning of year $17,873 · end of year $20,472
-
23 · Secured mortgages and notes payable
beginning of year $4,448,300 · end of year $4,315,559
-
27 · Net assets without donor restrictions
beginning of year -$1,704,782 · end of year -$1,550,730
Mission and programs · 2023
Mission
TO DEVELOP AND OPERATE A HOUSING PROJECT FOR ELDERLY PERSONS OF LOW INCOME.
-
WOODYSUN HOUSING DEVELOPMENT FUND CORPORATION (THE "COMPANY"), A NOT FOR PROFIT ORGANIZATION, WAS ORGANIZED IN 1979 FOR THE PURPOSE OF DEVELOPING AND OPERATING A 78-UNIT RESIDENTIAL APARTMENT BUILDING COMPLEX IN WOODSIDE QUEENS, NEW YORK (THE "PROJECT") FOR ELDERLY, LOW-INCOME PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
Expenses $1,197,902 · Revenue $258,011
As filed on the 2023 return.
Listed in Part VII
-
Leslie HerediaLESLIE HEREDIA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Gerald LedermanGERALD LEDERMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
David EspinosaDAVID ESPINOSA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jacqueline AmayaJACQUELINE AMAYA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
William JourdainWILLIAM JOURDAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joanne SmithJOANNE SMITH
DIRECTOR
- 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
- 202403179349309800
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