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← JASA CORPORATION

Form 990 for tax year 2022

Filed by JASA CORPORATION.

Totals

Total revenue
$15,655,307
Total expenses
$18,111,241
Contributions and grants received
$195,549
Grants paid
$6,583,580
Program service revenue
$13,061,310
Investment income
$1,264,532
Other revenue
$1,133,916
Total assets, end of year
$107,972,495
Total liabilities, end of year
$96,482,282
Net assets or fund balances, end of year
$11,490,213
Program services expenses (Part IX)
$17,434,156
Management and general expenses
$677,085
Fundraising expenses
$0
Program service expenses (Part III)
$17,434,156

Program services were 96.3% 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.

  • 1a · Federated campaigns

    $110,000

  • 1e · Government grants (contributions)

    $85,549

  • 2a · Program service revenue: RENTAL REVENUE

    total $13,061,310 · related or exempt $13,061,310

  • 3 · Investment income

    total $1,858,744 · excluded $1,858,744

  • 7a · Gross sales of assets other than inventory

    securities $6,816,700

  • 7b · Less cost or other basis and sales expenses

    securities $7,410,912

  • 7c · Gain or loss

    securities -$594,212

  • 7d · Net gain or loss

    total -$594,212 · excluded -$594,212

  • 11a · Other revenue: AFFORDABLE HOUSING REFINANCING

    total $1,046,402 · related or exempt $1,046,402

  • 11b · Other revenue: USE OF PREMISES

    total $55,593 · related or exempt $55,593

  • 11c · Other revenue: LAUNDRY & VENDING

    total $23,558 · related or exempt $23,558

  • 11d · All other revenue

    total $8,363 · related or exempt $8,363

  • 11e · Other revenue, total

    $1,133,916

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,583,580 · program services $6,583,580

  • 11a · Fees: management

    total $2,478,219 · program services $2,013,191 · management and general $465,028

  • 11b · Fees: legal

    total $24,773 · management and general $24,773

  • 11c · Fees: accounting

    total $187,284 · management and general $187,284

  • 11g · Fees: other

    total $56,087 · program services $56,087

  • 12 · Advertising and promotion

    total $126 · program services $126

  • 13 · Office expenses

    total $144,369 · program services $144,369

  • 14 · Information technology

    total $14,208 · program services $14,208

  • 16 · Occupancy

    total $1,989,211 · program services $1,989,211

  • 19 · Conferences, conventions and meetings

    total $1,245 · program services $1,245

  • 20 · Interest

    total $3,071,835 · program services $3,071,835

  • 22 · Depreciation, depletion and amortization

    total $1,125,295 · program services $1,125,295

  • 23 · Insurance

    total $1,004,021 · program services $1,004,021

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $770,943 · program services $770,943

  • 24b · Other expenses: MORTGAGE ENTITY EXPENSE

    total $309,384 · program services $309,384

  • 24c · Other expenses: ELDERLY SERVICES

    total $239,831 · program services $239,831

  • 24d · Other expenses: BAD DEBTS

    total $86,992 · program services $86,992

  • 24e · All other expenses

    total $23,838 · program services $23,838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,858,420 · end of year $12,137,385

  • 2 · Savings and temporary cash investments

    end of year $2,321,063

  • 4 · Accounts receivable

    beginning of year $93,620 · end of year $594,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $239,091 · end of year $649,647

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

    $24,763,308

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

    $3,040,608

  • 10c · Land, buildings and equipment, net

    beginning of year $7,476,846 · end of year $21,722,700

  • 11 · Investments: publicly traded securities

    beginning of year $52,473,696 · end of year $54,019,113

  • 14 · Intangible assets

    beginning of year $642,411 · end of year $1,031,888

  • 15 · Other assets

    beginning of year $1,711,953 · end of year $15,496,504

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,749,439 · end of year $4,568,346

  • 19 · Deferred revenue

    beginning of year $4,980 · end of year $51,243

  • 21 · Escrow or custodial account liability

    beginning of year $35,146 · end of year $114,538

  • 23 · Secured mortgages and notes payable

    beginning of year $48,105,729 · end of year $91,115,435

  • 25 · Other liabilities

    beginning of year $247,359 · end of year $632,720

  • 27 · Net assets without donor restrictions

    beginning of year $22,353,384 · end of year $11,490,213

Mission and programs · 2022

Mission

JASA CORPORATION PROVIDES HOUSING MANAGEMENT SERVICES TO LOW-INCOME HOUSING DEVELOPMENTS FOR OLDER ADULTS AND PROVIDES SERVICES TO ASSIST TENANTS IN REMAINING IN THE COMMUNITY.

Activities or mission (Part I)

TO SUSTAIN & ENRICH THE LIVES OF THE AGING IN THE NY METRO AREA SO THEY CAN REMAIN IN THE COMMUNITY WITH DIGNITY & AUTONOMY.

  • JASA CORPORATION PROVIDES HOUSING MANAGEMENT SERVICES TO LOW-INCOME HOUSING DEVELOPMENTS FOR OLDER ADULTS AND PROVIDES SERVICES TO ASSIST TENANTS IN REMAINING IN THE COMMUNITY.

    Expenses $17,434,156 · Grants $6,583,580 · Revenue $14,195,226

As filed on the 2022 return.

Listed in Part VII

  • Kathryn Haslanger

    CEO

    Total calculated
    $474,411
    From this org
    $0
    From related orgs
    $409,833
    Other
    $64,578
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,663 related
    Bonus
    $0
    Other
    $0 + $7,170 related
    Deferred
    $0 + $7,659 related
    Nontaxable benefits
    $0 + $56,919 related
    Filer's total
    $0 + $474,411 related

  • Michele Warman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Nishana Armour

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Robyn Rapoport

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sharon Makowsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Matthew Locurto

    CFO

    Total calculated
    $186,069
    From this org
    $0
    From related orgs
    $162,270
    Other
    $23,799
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,877 related
    Bonus
    $0
    Other
    $0 + $393 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,799 related
    Filer's total
    $0 + $186,069 related

  • Andrea Landes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Bonnie D Rosenberg

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • David Hildes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Eleanor Wagner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Eric Levine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Ilaina Edison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Jessica Feder Mantel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Joseph Rubin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Judith West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Leonard Boxer

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Linda Rosensweig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Mark R Imowitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Mark Steiger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Martin Halbfinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Martin Siroka

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • Nancy Polevoy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Patricia Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Pinchas Lev

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Ruth Perelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sabine Charles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Saul B Katz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Victoria Dolan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COOPER SQUARE SENIOR HOUSING LP

    AFFORDABLE HOUSING FOR OLDER ADULTS · NY · income $6,502,464 · assets $12,986,325

    Directly controlled by JASA CORP

  • SEAGIRT SENIOR HOUSING LP

    AFFORDABLE HOUSING FOR OLDER ADULTS · NY · income $3,766,018 · assets $15,609,851

    Directly controlled by JASA CORP

  • MANHATTAN BEACH SENIOR HOUSING LP

    AFFORDABLE HOUSING FOR OLDER ADULTS · NY · income $2,970,948 · assets $18,789,970

    Directly controlled by JASA CORP

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349303478

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