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← OUR LADY OF MERCY SENIOR MANOR HOUSING DEVELOPMENT FUND CORPORATI

Form 990 for tax year 2023

Filed by OUR LADY OF MERCY SENIOR MANOR HOUSING DEVELOPMENT FUND CORPORATI.

Totals

Total revenue
$948,391
Total expenses
$970,629
Contributions and grants received
$718,310
Grants paid
$0
Program service revenue
$193,643
Investment income
$34,964
Other revenue
$1,474
Total assets, end of year
$4,478,507
Total liabilities, end of year
$6,577,275
Net assets or fund balances, end of year
-$2,098,768
Program services expenses (Part IX)
$833,589
Management and general expenses
$137,040
Fundraising expenses
$0
Program service expenses (Part III)
$833,589

Program services were 85.9% 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)

    $718,310

  • 2a · Program service revenue: RENTAL INCOME

    total $193,643 · related or exempt $193,643

  • 3 · Investment income

    total $34,964 · excluded $34,964

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $1,320 · excluded $1,320

  • 11b · Other revenue: FORFEITED SECURITY DEP

    total $154 · excluded $154

  • 11e · Other revenue, total

    $1,474

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $86,084 · management and general $86,084

  • 11b · Fees: legal

    total $5,194 · management and general $5,194

  • 11c · Fees: accounting

    total $35,505 · management and general $35,505

  • 11g · Fees: other

    total $64,902 · program services $64,902

  • 13 · Office expenses

    total $9,503 · program services $1,269 · management and general $8,234

  • 14 · Information technology

    total $2,023 · management and general $2,023

  • 16 · Occupancy

    total $273,862 · program services $273,862

  • 22 · Depreciation, depletion and amortization

    total $182,144 · program services $182,144

  • 23 · Insurance

    total $97,108 · program services $97,108

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $116,119 · program services $116,119

  • 24b · Other expenses: PURCHASED SERVICES

    total $98,185 · program services $98,185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,759 · end of year $3,752

  • 2 · Savings and temporary cash investments

    beginning of year $799 · end of year $823

  • 4 · Accounts receivable

    beginning of year $14,212 · end of year $28,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,507 · end of year $160,377

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

    $7,012,748

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

    $3,585,546

  • 10c · Land, buildings and equipment, net

    beginning of year $3,557,996 · end of year $3,427,202

  • 15 · Other assets

    beginning of year $760,697 · end of year $858,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,693 · end of year $175,176

  • 19 · Deferred revenue

    beginning of year $1,156 · end of year $4,800

  • 21 · Escrow or custodial account liability

    beginning of year $16,051 · end of year $16,699

  • 23 · Secured mortgages and notes payable

    beginning of year $6,380,600 · end of year $6,380,600

  • 27 · Net assets without donor restrictions

    beginning of year -$2,076,530 · end of year -$2,098,768

Mission and programs · 2023

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO OPERATE A HOUSING PROJECT FOR ELDERLY OR DISABLED PERSONS OF LOW INCOME, INCLUDING THE PROVISION OF HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE HEALTH, SECURITY AND HAPPINESS.

  • OLM SENIOR MANOR OPERATES A 55 UNIT HOUSING PROJECT FOR ELDERLY OR DISABLED PERSONS OF LOW INCOME, INCLUDING THE PROVISION OF HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

    Expenses $833,589 · Revenue $193,643

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BEATRIZ DIAZ TAVERAS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • WILLIAM WHISTON

    TREASURER

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • GEORGE HORTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • DAVID BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • MONSIGNOR KEVIN SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3 + 1 related

  • KENNETH DEMPSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3 + 1 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.

  • METROPOLITAN MUTUAL HOUSING ASSOCIATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • WOODSTOCK MANOR HOUSING DEVELOPMENT FUND CORPORATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • WOODSTOCK MANOR DEVELOPMENT CORPORATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • ANYCH CARM CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • ANYCH GHSF CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHATTY CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHHP CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHRIDGE CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSFARMS CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSPN CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSTA CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSVDP CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
31 July 2024
IRS schema version
2023v5.1
Source object
202402139349300715

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