Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,851,795

• 3 · Investment income

  total $194 · excluded $194

• 6a · Gross rents

  real property $80,424

• 6b · Less rental expenses

  real property $19,950

• 6c · Rental income or loss

  real property $60,474

• 6d · Net rental income or loss

  total $60,474 · excluded $60,474

• 11a · Other revenue: OTHER REVENUE

  total $1,000 · related or exempt $1,000

• 11e · Other revenue, total

  $1,000

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,964,842 · program services $1,964,842

• 8 · Pension plan contributions

  total $36,547 · program services $36,547

• 9 · Other employee benefits

  total $60,108 · program services $60,108

• 10 · Payroll taxes

  total $215,474 · program services $215,474

• 11g · Fees: other

  total $270 · program services $270

• 13 · Office expenses

  total $9,543 · program services $3,938 · management and general $5,605

• 17 · Travel

  total $39,448 · program services $39,448

• 19 · Conferences, conventions and meetings

  total $2,000 · management and general $2,000

• 22 · Depreciation, depletion and amortization

  total $21,744 · program services $21,744

• 23 · Insurance

  total $66,548 · program services $43,912 · management and general $22,636

• 24a · Other expenses: SUPPLIES

  total $228,773 · program services $228,773

• 24b · Other expenses: ADMINISTRATION OVERHEAD

  total $100,000 · program services $100,000

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $73,817 · program services $73,817

• 24d · Other expenses: SUBRECIPIENT EXPENSES

  total $20,715 · program services $20,715

• 24e · All other expenses

  total $255 · program services $55 · management and general $200

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $99,121 · end of year $1,358,408

• 3 · Pledges and grants receivable

  beginning of year $590,760 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $745 · end of year $57,673

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

  $1,660,977

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

  $1,095,170

• 10c · Land, buildings and equipment, net

  beginning of year $587,551 · end of year $565,807

• 17 · Accounts payable and accrued expenses

  beginning of year $181,228 · end of year $258,423

• 19 · Deferred revenue

  end of year $561,137

• 25 · Other liabilities

  beginning of year $347,218 · end of year $339,218

• 27 · Net assets without donor restrictions

  beginning of year $715,120 · end of year $788,499

• 28 · Net assets with donor restrictions

  beginning of year $34,611 · end of year $34,611

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS ESTABLISHED BY THE RELATED ENTITY ST. NICKS ALLIANCE CORPORATION.

Related partnerships

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

• 609 METROPOLITAN AVENUE ASSOCIATES LP

  AFFORDABLE HOUSING · NY

• 695 GRAND STREET LLP

  AFFORDABLE HOUSING · NY

• MSGR VETRO ASSOCIATES

  AFFORDABLE HOUSING · NY

• 120 GERRY STREET LIMITED PARTNERSHIP

  AFFORDABLE HOUSING · NY

• JENNINGS HALL LP

  AFFORDABLE HOUSING · NY

• 270 PULASKI LP

  AFFORDABLE HOUSING · NY

• NORTH BROOKLYN ESTATES LP

  AFFORDABLE HOUSING · NY

• KINGS VILLAS LLC

  AFFORDABLE HOUSING · NY

• DEKALB COMMONS NY HOUSING DEVELOPMENT FUND

  AFFORDABLE HOUSING · NY

Related corporations and trusts

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

• DEKALB COMMONS NY MANAGERS CORP

  C · AFFORDABLE HOUSING · NY