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Nonprofiteer
← DYNAMICS HOSTELS RESIDENCE CORPORATION

Form 990 for tax year 2023

Filed by DYNAMICS HOSTELS RESIDENCE CORPORATION.

Totals

Total revenue
$404,436
Total expenses
$259,825
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$403,026
Investment income
$1,410
Other revenue
$0
Total assets, end of year
$654,364
Total liabilities, end of year
$361,335
Net assets or fund balances, end of year
$293,029
Program services expenses (Part IX)
$191,698
Management and general expenses
$68,127
Fundraising expenses
$0
Program service expenses (Part III)
$191,698

Program services were 73.8% 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.

  • 2a · Program service revenue: RENTAL REVENUE

    total $403,026 · related or exempt $403,026

  • 3 · Investment income

    total $1,410 · excluded $1,410

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $18,792 · management and general $18,792

  • 11c · Fees: accounting

    total $24,379 · management and general $24,379

  • 11g · Fees: other

    total $23,704 · management and general $23,704

  • 16 · Occupancy

    total $178,171 · program services $178,171

  • 20 · Interest

    total $3,193 · program services $3,193

  • 22 · Depreciation, depletion and amortization

    total $10,334 · program services $10,334

  • 24a · Other expenses: MISCELLANEOUS

    total $1,252 · management and general $1,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $117,395 · end of year $150,766

  • 4 · Accounts receivable

    beginning of year $21,434 · end of year $49,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,869 · end of year $4,254

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

    $2,171,231

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

    $1,724,880

  • 10c · Land, buildings and equipment, net

    beginning of year $456,685 · end of year $446,351

  • 15 · Other assets

    beginning of year $3,770 · end of year $3,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,183 · end of year $12,519

  • 21 · Escrow or custodial account liability

    beginning of year $1,958 · end of year $1,958

  • 23 · Secured mortgages and notes payable

    beginning of year $89,049

  • 25 · Other liabilities

    beginning of year $379,545 · end of year $346,858

  • 27 · Net assets without donor restrictions

    beginning of year $148,418 · end of year $293,029

Mission and programs · 2023

Mission

MAINTAIN RESIDENCES FOR THE USE AND OCCUPANCY OF INDIVIDUALS WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES UNDER THE JURISDICTION OF NYS OPWDD AND HUD.

Activities or mission (Part I)

TO MAINTAIN RESIDENCES FOR INDIVIDUALS WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES.

  • MAINTAIN RESIDENCES FOR THE USE AND OCCUPANCY OF INDIVIDUALS WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES UNDER THE JURISDICTION OF NYS OPWDD AND HUD.

    Expenses $191,698 · Revenue $403,026

As filed on the 2023 return.

Listed in Part VII

  • Howard Rosenzweig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Michael Agovino

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Jeffrey Winik

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349308329

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