Form 990 for tax year 2023
Filed by JAMESTOWN AFFORDABLE HOUSING INC.
Totals
- Total revenue
- $218,156
- Total expenses
- $3,969
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $170,985
- Other revenue
- $47,171
- Total assets, end of year
- $5,787,128
- Total liabilities, end of year
- $5,484,535
- Net assets or fund balances, end of year
- $302,593
- Program services expenses (Part IX)
- $294
- Management and general expenses
- $3,675
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $294
Program services were 7.4% 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 $170,985 · excluded $170,985
-
11a · Other revenue: FLOW THROUGH PARTNERSH
total $47,171 · related or exempt $47,171
-
11e · Other revenue, total
$47,171
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $3,675 · management and general $3,675
-
24a · Other expenses: MISCELLANEOUS TAXES, LI
total $294 · program services $294
Balance sheet
Part X, book values.
-
7 · Other notes and loans receivable
beginning of year $4,260,000 · end of year $4,260,000
-
15 · Other assets
beginning of year $1,344,113 · end of year $1,527,128
-
23 · Secured mortgages and notes payable
beginning of year $4,260,000 · end of year $4,260,000
-
25 · Other liabilities
beginning of year $1,255,707 · end of year $1,224,535
-
27 · Net assets without donor restrictions
beginning of year $88,406 · end of year $302,593
Mission and programs · 2023
Mission
TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.
Activities or mission (Part I)
TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.
-
PROVIDE LOW INCOME HOUSING
Expenses $294 · Revenue $47,171
As filed on the 2023 return.
Listed in Part VII
-
Richard F BurnsRICHARD F BURNS
PRESIDENT
- Total calculated
- $717,652
- From this org
- $0
- From related orgs
- $699,998
- Other
- $17,654
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $474,998 related
- Bonus
- $0 + $225,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,654 related
- Filer's total
- $0 + $717,652 related
-
Lauren AvioliLAUREN AVIOLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Kendra LondonKENDRA LONDON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Stephen M GreenSTEPHEN M GREEN
VICE PRESIDENT
- Total calculated
- $567,708
- From this org
- $0
- From related orgs
- $530,000
- Other
- $37,708
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $325,000 related
- Bonus
- $0 + $175,000 related
- Other
- $0 + $30,000 related
- Deferred
- $0 + $2,000 related
- Nontaxable benefits
- $0 + $35,708 related
- Filer's total
- $0 + $567,708 related
-
Joseph P WiedorferJOSEPH P WIEDORFER
VICE PRESIDENT
- Total calculated
- $350,737
- From this org
- $0
- From related orgs
- $329,615
- Other
- $21,122
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $199,615 related
- Bonus
- $0 + $100,000 related
- Other
- $0 + $30,000 related
- Deferred
- $0 + $2,000 related
- Nontaxable benefits
- $0 + $19,122 related
- Filer's total
- $0 + $350,737 related
-
Carlos A GonzalesCARLOS A GONZALES
VICE PRESIDENT
- Total calculated
- $313,496
- From this org
- $0
- From related orgs
- $295,906
- Other
- $17,590
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $199,423 related
- Bonus
- $0 + $95,000 related
- Other
- $0 + $1,483 related
- Deferred
- $0 + $477 related
- Nontaxable benefits
- $0 + $17,113 related
- Filer's total
- $0 + $313,496 related
-
Alla A EleonALLA A ELEON
TREASURER
- Total calculated
- $349,021
- From this org
- $0
- From related orgs
- $324,423
- Other
- $24,598
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $239,423 related
- Bonus
- $0 + $55,000 related
- Other
- $0 + $30,000 related
- Deferred
- $0 + $2,000 related
- Nontaxable benefits
- $0 + $22,598 related
- Filer's total
- $0 + $349,021 related
-
Eric W PriceERIC W PRICE
VICE PRESIDENT
- Total calculated
- $499,038
- From this org
- $0
- From related orgs
- $499,038
- Other
- $0
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $324,038 related
- Bonus
- $0 + $175,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $499,038 related
-
Thomas G VaccaroTHOMAS G VACCARO
VICE PRESIDENT & SECRETARY
- Total calculated
- $307,550
- From this org
- $0
- From related orgs
- $273,654
- Other
- $33,896
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $175,000 related
- Bonus
- $0 + $75,000 related
- Other
- $0 + $23,654 related
- Deferred
- $0 + $2,000 related
- Nontaxable benefits
- $0 + $31,896 related
- Filer's total
- $0 + $307,550 related
-
John M WelshJOHN M WELSH
VICE PRESIDENT
- Total calculated
- $384,482
- From this org
- $0
- From related orgs
- $365,000
- Other
- $19,482
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $285,000 related
- Bonus
- $0 + $50,000 related
- Other
- $0 + $30,000 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $19,482 related
- Filer's total
- $0 + $384,482 related
-
Neal T DrobenareNEAL T DROBENARE
VICE PRESIDENT
- Total calculated
- $359,002
- From this org
- $0
- From related orgs
- $349,231
- Other
- $9,771
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $219,231 related
- Bonus
- $0 + $100,000 related
- Other
- $0 + $30,000 related
- Deferred
- $0 + $2,000 related
- Nontaxable benefits
- $0 + $7,771 related
- Filer's total
- $0 + $359,002 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
The filer's explanations (Part III)
- PART I, LINE 3
- RELATED ORGANIZATION, NHP FOUNDATION, BOARD APPROVAL IS REQUIRED FOR DETERMINATION OF EXECUTIVE COMPENSATION. SALARY IS DETERMINED DURING AN ANNUAL REVIEW BASED ON SALARY SURVEYS AND INDIVIDUAL PERFORMANCE.
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
No itemized grants to organizations 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.
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501(C)(3) · REAL ESTATE · NY
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.
-
NHPF LIVE OAK MM LLC
REAL ESTATE · TX · income $0 · assets $0
Directly controlled by JAMESTOWN AFFORDABLE HOUSING INC
-
TRINITY EAST FAMILY LLC
REAL ESTATE · TX · income $0 · assets $0
Directly controlled by NHPF LIVE OAK MM LLC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CLEME MANOR HOLDINGS LLC
RELATED · REAL ESTATE · TX · 0.01% owned · share of income $318 · share of assets $3,412
Directly controlled by CLEME 284 LLC
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MAGNIFICAT PERMANENT AFFORDABLE LLC
RELATED · REAL ESTATE · TX · 0.01% owned · share of assets $1,807 · general or managing partner
Directly controlled by NHPF CAROLINE MM LLC
-
TENEMOS PERMANENT AFFORDABLE LLC
RELATED · REAL ESTATE · TX · 0.01% owned
Directly controlled by TENEMOS AFFORDABLE MANAGER LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CLEME 284 LLC
C · REAL ESTATE · TX · 100% owned · share of income $3,235,974 · share of assets $34,115,358 · controlled entity
Directly controlled by JAMESTOWN AFFORDABLE HOUSING
-
TEMENOS AFFORDABLE MANAGER LLC
C · REAL ESTATE · TX · 65% owned · share of income $898 · share of assets $30,928,236 · controlled entity
Directly controlled by JAMESTOWN AFFORDABLE HOUSING
-
NHPF CAROLINE MM LLC
C · REAL ESTATE · TX · 65.01% owned · share of assets $18,071,021 · controlled entity
Directly controlled by JAMESTOWN AFFORDABLE HOUSING INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433129349304403
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