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Nonprofiteer
← RICO'S PLACE HDFC

Form 990 for tax year 2024

Filed by RICO'S PLACE HDFC.

Totals

Total revenue
-$282,780
Total expenses
$24,896
Contributions and grants received
$240,073
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$522,853
Total assets, end of year
$1,179,914
Total liabilities, end of year
$4,859,839
Net assets or fund balances, end of year
-$3,679,925
Program services expenses (Part IX)
$24,896
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$24,896

Program services were 100.0% 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)

    $240,073

  • 6a · Gross rents

    real property $59,014

  • 6b · Less rental expenses

    real property $581,867

  • 6c · Rental income or loss

    real property -$522,853

  • 6d · Net rental income or loss

    total -$522,853 · related or exempt -$522,853

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $24,896 · program services $24,896

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,628 · end of year $168,647

  • 2 · Savings and temporary cash investments

    beginning of year $120,082 · end of year $120,082

  • 4 · Accounts receivable

    beginning of year $9,593 · end of year $4,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,867 · end of year $2,057

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

    $3,592,912

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

    $2,725,790

  • 10c · Land, buildings and equipment, net

    beginning of year $985,510 · end of year $867,122

  • 12 · Investments: other securities

    beginning of year $3,601 · end of year $3,601

  • 14 · Intangible assets

    beginning of year $14,705 · end of year $13,474

  • 17 · Accounts payable and accrued expenses

    beginning of year $665,760 · end of year $695,852

  • 25 · Other liabilities

    beginning of year $4,029,994 · end of year $4,163,987

  • 27 · Net assets without donor restrictions

    beginning of year -$3,372,768 · end of year -$3,679,925

Mission and programs · 2024

Mission

THE CORPORATION IS A CHARITABLE NOT-FOR-PROFIT CORPORATION ORGANIZEDPURSUANT TO NPCL AND PHFL 573 EXCLUSIVELY FOR THIS PURPOSE OF DEVELOPING AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

Activities or mission (Part I)

THE CORPORATION IS A CHARITABLE NOT-FOR-PROFIT CORPORATION ORGANIZED PURSUANT TO NPCL AND PHFL 573 EXCLUSIVELY FOR THIS PURPOSE OF DEVELOPING AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

  • THE CORPORATION IS A CHARITABLE NOT-FOR-PROFIT CORPORATION ORGANIZED PURSUANT TO NPCL AND PHFL 573 EXCLUSIVELY FOR THIS PURPOSE OF DEVELOPING AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

    Expenses $24,896 · Revenue -$522,853

As filed on the 2024 return.

Listed in Part VII

  • Russel Shuler

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lawanda Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Boucher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Annette Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cassandra Underdue

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Douglas C Brooks

    CEO

    Total calculated
    $0
    Hours/week
    1

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.

  • CCMS

    501(C)(3) · SUPPORT SE · NY

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533189349302218

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