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Nonprofiteer
← YNS AFFORDABLE HOUSING INC

Form 990 for tax year 2023

Filed by YNS AFFORDABLE HOUSING INC.

Totals

Total revenue
$299,263
Total expenses
$577,384
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$298,154
Investment income
$0
Other revenue
$1,109
Total assets, end of year
$249,276
Total liabilities, end of year
$1,334,561
Net assets or fund balances, end of year
-$1,085,285
Program services expenses (Part IX)
$520,242
Management and general expenses
$57,142
Fundraising expenses
$0
Program service expenses (Part III)
$520,242

Program services were 90.1% 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 INCOME

    total $298,154 · related or exempt $298,154

  • 11a · Other revenue: MISCELLANEOUS

    total $1,109 · related or exempt $1,109

  • 11e · Other revenue, total

    $1,109

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,410 · program services $3,069 · management and general $341

  • 11c · Fees: accounting

    total $19,720 · program services $17,748 · management and general $1,972

  • 11d · Fees: lobbying

    total $660 · program services $594 · management and general $66

  • 16 · Occupancy

    total $80,180 · program services $72,162 · management and general $8,018

  • 20 · Interest

    total $3,299 · program services $2,969 · management and general $330

  • 22 · Depreciation, depletion and amortization

    total $17,921 · program services $16,129 · management and general $1,792

  • 24a · Other expenses: MANAGEMENT FEE-RESIDENT

    total $205,820 · program services $185,238 · management and general $20,582

  • 24b · Other expenses: RESIDENCE GENERAL ADMIN

    total $103,232 · program services $92,909 · management and general $10,323

  • 24c · Other expenses: CUSTODIAL FEE

    total $91,289 · program services $82,160 · management and general $9,129

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $20,068 · program services $18,061 · management and general $2,007

  • 24e · All other expenses

    total $31,785 · program services $29,203 · management and general $2,582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,897 · end of year $51,357

  • 2 · Savings and temporary cash investments

    beginning of year $5,990 · end of year $6,095

  • 4 · Accounts receivable

    beginning of year $18,359 · end of year $22,668

  • 9 · Prepaid expenses and deferred charges

    beginning of year $913 · end of year $209

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

    $801,672

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

    $727,587

  • 10c · Land, buildings and equipment, net

    beginning of year $92,006 · end of year $74,085

  • 15 · Other assets

    beginning of year $195,316 · end of year $94,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,205 · end of year $29,025

  • 19 · Deferred revenue

    beginning of year $508 · end of year $436

  • 23 · Secured mortgages and notes payable

    beginning of year $320,275 · end of year $320,275

  • 25 · Other liabilities

    beginning of year $952,657 · end of year $984,825

  • 27 · Net assets without donor restrictions

    beginning of year -$807,164 · end of year -$1,085,285

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE AND SAFE HOUSING TO INDIVIDUALS AND FAMILIES OF NEED WITHIN THE COMMUNITIES OF THE YMCA OF THE NORTH SHORE, INC.

  • THE ORGANIZATION MAINTAINS 68 SINGLE ROOM UNITS OF AFFORDABLE HOUSING FOR THOSE IN NEED AND MEETS THE REQUIRED FEDERAL AND STATE QUALIFICATIONS. THE BUILDING ACTS AS A COMMUNITY AND PROVIDES A SUPPORT SYSTEM FOR THOSE IN NEED.

    Expenses $520,242 · Revenue $299,263

As filed on the 2023 return.

Listed in Part VII

  • CHRISTOPHER LOVASCO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • WILLIAM J LEAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JENNIFER BURAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MICHAEL WHEELER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KEVIN MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • ALEXANDER THOMAS

    COUNSELOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • COURTNEY KAGAN

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 2 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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
24 May 2024
IRS schema version
2023v5.0
Source object
202441769349301134

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