Form 990 for tax year 2023
Filed by MHANY DUMONT HOUSING DEVELOPMENT FUND CORPORATION.
Totals
- Total revenue
- $620,025
- Total expenses
- $879,543
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $619,862
- Investment income
- $0
- Other revenue
- $163
- Total assets, end of year
- $11,135,809
- Total liabilities, end of year
- $7,465,912
- Net assets or fund balances, end of year
- $3,669,897
- Program services expenses (Part IX)
- $828,929
- Management and general expenses
- $50,614
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $828,929
Program services were 94.2% 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 $619,862 · related or exempt $619,862
-
11d · All other revenue
total $163 · related or exempt $163
-
11e · Other revenue, total
$163
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $77,293 · program services $39,974 · management and general $37,319
-
11b · Fees: legal
total $13,290 · program services $13,290
-
11c · Fees: accounting
total $13,295 · management and general $13,295
-
11g · Fees: other
total $5,347 · program services $5,347
-
13 · Office expenses
total $6,548 · program services $6,548
-
16 · Occupancy
total $116,782 · program services $116,782
-
20 · Interest
total $123,258 · program services $123,258
-
22 · Depreciation, depletion and amortization
total $328,337 · program services $328,337
-
23 · Insurance
total $64,994 · program services $64,994
-
24a · Other expenses: BAD DEBT
total $85,447 · program services $85,447
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $44,952 · program services $44,952
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $649,578 · end of year $46,624
-
4 · Accounts receivable
beginning of year $49,095 · end of year $63,123
-
9 · Prepaid expenses and deferred charges
beginning of year $3,605 · end of year $6,057
-
10a · Land, buildings and equipment: cost or other basis
$10,600,182
-
10b · Land, buildings and equipment: accumulated depreciation
$1,060,759
-
10c · Land, buildings and equipment, net
beginning of year $9,807,048 · end of year $9,539,423
-
15 · Other assets
beginning of year $904,371 · end of year $1,480,582
-
17 · Accounts payable and accrued expenses
beginning of year $13,454 · end of year $27,455
-
19 · Deferred revenue
beginning of year $10,345 · end of year $16,798
-
21 · Escrow or custodial account liability
beginning of year $25,360 · end of year $25,360
-
23 · Secured mortgages and notes payable
beginning of year $7,435,123 · end of year $7,396,299
-
27 · Net assets without donor restrictions
beginning of year $3,929,415 · end of year $3,669,897
Mission and programs · 2023
Mission
DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.
-
TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LIMITED INCOME BY BUYING, LEASING, DEVELOPING, AND REHABILITATING PROPERTIES, AND OTHERWISE ENGAGING IN THE COLLECTIVE AND CORPORATE ACTIVITIES NECESSARY TO IMPLEMENT THESE ENDS.
Expenses $828,929 · Revenue $620,025
As filed on the 2023 return.
Listed in Part VII
-
Dorothy AmadiDOROTHY AMADI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 13 related
-
Jenny PachecoJENNY PACHECO
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 13 related
-
Natalie BrownNATALIE BROWN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 13 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.
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
MUTUAL HOUSING ASSOCIATION OF NEW YORK
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
-
NEW JERSEY ACORN HOUSING CORPORATION INC
501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY
Directly controlled by MHANY MANAGEMENT INC
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.
-
730 ROCKAWAY AVE LP
INVESTMENT IN LOW-INCOME HOUSING · NY
-
ACORN NEW JERSEY STRAIGHT APARTMENTS LP
INVESTMENT IN LOW-INCOME HOUSING · NY
-
BRISTOL HOPKINSON LLC
INVESTMENT IN LOW-INCOME HOUSING · NY
-
MHANY 3 ASSOCIATES LP
INVESTMENT IN LOW-INCOME HOUSING · NY
-
MHANY 4 ASSOCIATES LP
INVESTMENT IN LOW-INCOME HOUSING · NY
-
MHANY 5 ASSOC LP
INVESTMENT IN LOW-INCOME HOUSING · NY
-
MHANY CORTELYOU LLC
INVESTMENT IN LOW-INCOME HOUSING · NY
-
MHANY OWNERS 2015 LLC
INVESTMENT IN LOW-INCOME HOUSING · NY
-
PE2 OWNERS LLC
INVESTMENT IN LOW-INCOME HOUSING · NY
-
PHOENIX ESTATES LLC
INVESTMENT IN LOW-INCOME HOUSING · NY
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
1825 ATLANTIC MHANY INC
C · INVESTMENT · NY
-
730 ROCKAWAY INC
C · INVESTMENT · NY
-
MHANY 2015 MANAGER INC
C · INVESTMENT · NY
-
MHANY 3 INC
C · INVESTMENT · NY
-
MHANY 4 INC
C · INVESTMENT · NY
-
C · INVESTMENT · NY
-
MHANY BRITSOL INC
C · INVESTMENT · NY
-
PHOENIX HUNTS POINT CORP
C · INVESTMENT · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423139349302152
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