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Nonprofiteer
← NORTH FORK HOUSING ALLIANCE INC

Form 990 for tax year 2022

Filed by NORTH FORK HOUSING ALLIANCE INC.

Totals

Total revenue
$2,944,962
Total expenses
$3,037,491
Contributions and grants received
$2,059,992
Grants paid
$0
Program service revenue
$884,934
Investment income
$36
Other revenue
$0
Total assets, end of year
$3,639,213
Total liabilities, end of year
$3,858,884
Net assets or fund balances, end of year
-$219,671
Program services expenses (Part IX)
$2,748,752
Management and general expenses
$288,739
Fundraising expenses
$0
Program service expenses (Part III)
$2,748,752

Program services were 90.5% 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)

    $2,059,992

  • 2a · Program service revenue: RENTAL INCOME

    total $598,587 · related or exempt $598,587

  • 2b · Program service revenue: WASHING MACHINE INCOME

    total $7,200 · related or exempt $7,200

  • 2c · Program service revenue: OTHER INCOME

    total $279,147 · related or exempt $279,147

  • 3 · Investment income

    total $36 · related or exempt $36

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $259,031 · program services $124,137 · management and general $134,894

  • 9 · Other employee benefits

    total $42,888 · program services $9,228 · management and general $33,660

  • 11c · Fees: accounting

    total $32,587 · program services $14,325 · management and general $18,262

  • 11g · Fees: other

    total $23,159 · program services $6,403 · management and general $16,756

  • 12 · Advertising and promotion

    total $1,110 · program services $535 · management and general $575

  • 13 · Office expenses

    total $7,514 · program services $2,295 · management and general $5,219

  • 14 · Information technology

    total $3,338 · management and general $3,338

  • 20 · Interest

    total $175,124 · program services $175,124

  • 23 · Insurance

    total $124,916 · program services $126,916 · management and general -$2,000

  • 24a · Other expenses: HOUSING ASSISTANCE PAYMENTS

    total $1,643,098 · program services $1,643,098

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $61,485 · program services $60,635 · management and general $850

  • 24c · Other expenses: UTILITIES

    total $137,724 · program services $134,931 · management and general $2,793

  • 24d · Other expenses: REAL ESTATE TAXES

    total $136,084 · program services $136,084

  • 24e · All other expenses

    total $389,433 · program services $315,041 · management and general $74,392

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,547 · end of year $76,425

  • 3 · Pledges and grants receivable

    beginning of year $22,651 · end of year $18,383

  • 4 · Accounts receivable

    beginning of year $94,723 · end of year $70,037

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

    $8,434,550

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

    $5,195,763

  • 10c · Land, buildings and equipment, net

    beginning of year $3,395,084 · end of year $3,238,787

  • 15 · Other assets

    beginning of year $355,983 · end of year $235,581

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,312 · end of year $156,119

  • 19 · Deferred revenue

    beginning of year $3,426 · end of year $4,268

  • 23 · Secured mortgages and notes payable

    beginning of year $2,668,112 · end of year $2,550,425

  • 24 · Unsecured notes and loans payable

    beginning of year $180,000 · end of year $180,000

  • 25 · Other liabilities

    beginning of year $1,161,280 · end of year $968,072

  • 27 · Net assets without donor restrictions

    beginning of year -$127,142 · end of year -$219,671

Mission and programs · 2022

Mission

TO PROVIDE LOW COST HOUSING

  • SECTION 8: FUNDS RECEIVED FROM THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE HOUSING ASSISTANCE PAYMENTS TO LANDLORDS ON BEHALF OF TENANTS.

    Expenses $1,643,983

  • RESERVE FUND AND HOUSING OPPORTUNITIES: TO ACCOUNT FOR VARIOUS GRANTS RECEIVED FOR THE PUROPOSE OF PURCHASING AND IMPROVING OR CONSTRUCTION OF RESIDENTAL UNITS TO BE SOLD OR RENTED TO LOW INCOME FAMILIES AND INDIVIDUALS.

    Expenses $508,546

  • FIVE MULTI-FAMILY HOMES LOCATED IN GREENPORT NY. IT IS OPERATED UNDER NY STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL PROGRAM WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

    Expenses $294,568

  • LAKESIDE GARDEN APARTMENTS: TO ACCOUNT FOR ALL RENT RECEIVED AND EXPENSES PAID FROM THE RENTAL OF APARTMENTS.

    Expenses $211,827

  • DHCR FUND: TO PROVIDE HOUSING ASSISTANCE.

    Expenses $89,828

As filed on the 2022 return.

Listed in Part VII

  • Frances Ortiz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Vernetta Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Edward Reale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Doug Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Paul Davis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Barry Latney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Emily Healy-Reeve

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Stephanie Spooner

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Tanya Palmore

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349308401

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