Totals
- Total revenue
- $309,361
- Total expenses
- $379,947
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $281,129
- Investment income
- $146
- Other revenue
- $28,086
- Total assets, end of year
- $2,255,371
- Total liabilities, end of year
- $3,949,959
- Net assets or fund balances, end of year
- -$1,694,588
- Program services expenses (Part IX)
- $358,925
- Management and general expenses
- $21,022
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $358,925
Program services were 94.5% 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 $164,666 · related or exempt $164,666
-
2b · Program service revenue: HOUSING ASSISTANCE SUBSIDIES
total $114,364 · related or exempt $114,364
-
2c · Program service revenue: SPECIAL CLAIMS SUBSIDY
total $2,099 · related or exempt $2,099
-
3 · Investment income
total $146 · excluded $146
-
11a · Other revenue: SERVICE INCOME
total $28,086 · related or exempt $28,086
-
11e · Other revenue, total
$28,086
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $57,961 · program services $55,062 · management and general $2,899
-
9 · Other employee benefits
total $15,369 · program services $14,600 · management and general $769
-
10 · Payroll taxes
total $5,439 · program services $5,167 · management and general $272
-
11a · Fees: management
total $27,509 · program services $24,758 · management and general $2,751
-
11c · Fees: accounting
total $11,196 · program services $10,076 · management and general $1,120
-
12 · Advertising and promotion
total $2,258 · program services $2,258
-
16 · Occupancy
total $43,584 · program services $43,584
-
22 · Depreciation, depletion and amortization
total $93,250 · program services $83,925 · management and general $9,325
-
23 · Insurance
total $13,659 · program services $13,659
-
24a · Other expenses: EQUIPMENT RENTAL AND MA
total $40,737 · program services $40,737
-
24b · Other expenses: ADMINISTRATIVE
total $39,045 · program services $35,159 · management and general $3,886
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $21,824 · program services $21,824
-
24d · Other expenses: SUPPORTIVE SERVICES
total $8,037 · program services $8,037
-
24e · All other expenses
total $79 · program services $79
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,969 · end of year $1,593
-
4 · Accounts receivable
beginning of year $703 · end of year $1,464
-
9 · Prepaid expenses and deferred charges
beginning of year $11,483 · end of year $11,588
-
10a · Land, buildings and equipment: cost or other basis
$4,268,592
-
10b · Land, buildings and equipment: accumulated depreciation
$2,149,640
-
10c · Land, buildings and equipment, net
beginning of year $2,196,770 · end of year $2,118,952
-
15 · Other assets
beginning of year $122,076 · end of year $121,774
-
17 · Accounts payable and accrued expenses
beginning of year $28,135 · end of year $19,350
-
23 · Secured mortgages and notes payable
beginning of year $3,914,300 · end of year $3,914,300
-
25 · Other liabilities
beginning of year $16,568 · end of year $16,309
-
27 · Net assets without donor restrictions
beginning of year -$1,624,002 · end of year -$1,694,588
Mission and programs · 2022
Mission
TO CONSTRUCT AND OPERATE A RENTAL HOUSING FACILITY FOR LOW-INCOME, ELDERLY TENANTS AS DEFINED BY HUD REGULATIONS AND GUIDELINES.
-
THE ORGANIZATION WAS CREATED FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A 40-UNIT ELDERLY APARTMENT COMPLEX IN LANCASTER, PENNSYLVANIA.
Expenses $358,925 · Revenue $309,215
As filed on the 2022 return.
Listed in Part VII
-
Sharlene WoodruffSHARLENE WOODRUFF
HDC REPRESENTATIVE DIRECTO
- Total calculated
- $145,405
- From this org
- $0
- From related orgs
- $133,061
- Other
- $12,344
- Hours/week
- 0.5 + 40 related
-
Zoe BracciZOE BRACCI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry ReichLARRY REICH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Jo RaffJO RAFF
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris DriggsCHRIS DRIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lee MillsLEE MILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ian RawhauserIAN RAWHAUSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Elaine SavukasELAINE SAVUKAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jean WeglarzJEAN WEGLARZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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.
-
HOUSING DEVELOPMENT CORPORATION MIDATLANTIC
501(C)(3) · MEET THE AFFORDABLE HOUSING NEEDS IN THE COMMUNITIES THEY SERVE · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302169349300900
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