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Nonprofiteer
← CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2024

Filed by CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$88,911
Total expenses
$139,090
Contributions and grants received
$32,283
Grants paid
$0
Program service revenue
$56,628
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,150,364
Total liabilities, end of year
$1,625,963
Net assets or fund balances, end of year
-$475,599
Program services expenses (Part IX)
$132,417
Management and general expenses
$6,673
Fundraising expenses
$0
Program service expenses (Part III)
$132,417

Program services were 95.2% 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.

  • 1d · Related organizations

    $32,283

  • 2a · Program service revenue: RENTAL INCOME

    total $56,628 · related or exempt $56,628

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $18,311 · program services $18,311

  • 16 · Occupancy

    total $5,906 · program services $4,429 · management and general $1,477

  • 22 · Depreciation, depletion and amortization

    total $64,685 · program services $64,685

  • 23 · Insurance

    total $10,217 · program services $7,663 · management and general $2,554

  • 24a · Other expenses: REPAIRS

    total $34,688 · program services $34,688

  • 24b · Other expenses: MISCELLANEOUS

    total $5,283 · program services $2,641 · management and general $2,642

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,778 · end of year $2,656

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,363 · end of year $2,780

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

    $1,768,729

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

    $660,139

  • 10c · Land, buildings and equipment, net

    beginning of year $1,162,338 · end of year $1,108,590

  • 15 · Other assets

    beginning of year $32,064 · end of year $36,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,111 · end of year $473

  • 23 · Secured mortgages and notes payable

    beginning of year $1,521,000 · end of year $1,521,000

  • 25 · Other liabilities

    beginning of year $101,852 · end of year $104,490

  • 27 · Net assets without donor restrictions

    beginning of year -$425,420 · end of year -$475,599

Mission and programs · 2024

Mission

CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RUN THE OPERATIONS OF A LOW-INCOME APARTMENT COMPLEX.

  • CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RUN THE OPERATIONS OF A LOW-INCOME APARTMENT COMPLEX.

    Expenses $132,417 · Revenue $56,628

As filed on the 2024 return.

Listed in Part VII

  • ERIC LANDER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • HOWARD BLOCK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • CHRIS FILLION

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • ALEXANDER DRAINVILLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • LISA VAHAPOGLU

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ELIZA FRANK

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • SAMENDY BRICE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • PAUL MCDONNELL

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JULIANA MANDARANO

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • STEPHANIE J SIMEON

    EXECUTIVE DIRECTOR

    Total calculated
    $127,250
    From this org
    $0
    From related orgs
    $115,072
    Other
    $12,178
    Hours/week
    10 + 40 related

  • MICHELLE WOOTEN

    DIRECTOR OF FINANCE

    Total calculated
    $80,925
    From this org
    $0
    From related orgs
    $53,187
    Other
    $27,738
    Hours/week
    5 + 20 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.

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2025
IRS schema version
2024v5.1
Source object
202500919349300915

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