Form 990 for tax year 2023
Filed by ST LUKE HOUSING DEVELOPMENT FUND CO INC.
Totals
- Total revenue
- $1,123,027
- Total expenses
- $1,035,012
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,080,620
- Investment income
- $5,121
- Other revenue
- $37,286
- Total assets, end of year
- $3,116,924
- Total liabilities, end of year
- $5,096,656
- Net assets or fund balances, end of year
- -$1,979,732
- Program services expenses (Part IX)
- $906,414
- Management and general expenses
- $128,598
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $906,414
Program services were 87.6% 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: TENANT ASSISTANCE PAYM
total $653,966 · related or exempt $653,966
-
2b · Program service revenue: RENT NET OF VACANCY
total $421,552 · related or exempt $421,552
-
2c · Program service revenue: SPECIAL CLAIMS REVENUE
total $5,102 · related or exempt $5,102
-
3 · Investment income
total $5,121 · excluded $5,121
-
11a · Other revenue: MISCELLANEOUS INCOME
total $27,477 · related or exempt $27,477
-
11b · Other revenue: LAUNDRY & VENDING
total $8,828 · related or exempt $8,828
-
11c · Other revenue: TENANT CHARGES
total $981 · related or exempt $981
-
11e · Other revenue, total
$37,286
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $174,897 · program services $174,897
-
8 · Pension plan contributions
total $2,888 · program services $2,888
-
9 · Other employee benefits
total $34,601 · program services $34,601
-
10 · Payroll taxes
total $13,905 · program services $13,905
-
11a · Fees: management
total $69,729 · management and general $69,729
-
11b · Fees: legal
total $1,290 · management and general $1,290
-
11c · Fees: accounting
total $20,270 · management and general $20,270
-
11g · Fees: other
total $2,594 · management and general $2,594
-
12 · Advertising and promotion
total $961 · management and general $961
-
13 · Office expenses
total $20,258 · management and general $20,258
-
16 · Occupancy
total $136,836 · program services $136,836
-
19 · Conferences, conventions and meetings
total $51 · management and general $51
-
20 · Interest
total $109,289 · program services $109,289
-
22 · Depreciation, depletion and amortization
total $275,714 · program services $275,714
-
23 · Insurance
total $69,770 · program services $69,770
-
24a · Other expenses: SERVICE COORDINATOR PRO
total $79,441 · program services $79,441
-
24b · Other expenses: MISCELLANEOUS ADMIN EXP
total $13,445 · management and general $13,445
-
24c · Other expenses: BAD DEBT EXPENSE
total $4,645 · program services $4,645
-
24d · Other expenses: RESIDUAL RECEIPTS SUBJE
total $4,428 · program services $4,428
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,658 · end of year $56,839
-
4 · Accounts receivable
beginning of year $2,726 · end of year $7,332
-
9 · Prepaid expenses and deferred charges
beginning of year $15,110 · end of year $33,454
-
10a · Land, buildings and equipment: cost or other basis
$8,838,350
-
10b · Land, buildings and equipment: accumulated depreciation
$7,025,351
-
10c · Land, buildings and equipment, net
beginning of year $2,082,775 · end of year $1,812,999
-
15 · Other assets
beginning of year $1,044,024 · end of year $1,206,300
-
17 · Accounts payable and accrued expenses
beginning of year $28,248 · end of year $42,066
-
19 · Deferred revenue
beginning of year $5,735 · end of year $2,797
-
23 · Secured mortgages and notes payable
beginning of year $5,131,108 · end of year $5,011,361
-
25 · Other liabilities
beginning of year $63,949 · end of year $40,432
-
27 · Net assets without donor restrictions
beginning of year -$2,067,747 · end of year -$1,979,732
Mission and programs · 2023
Mission
ST. LUKE HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NY. THE COMPANY WAS ORGANIZED EXCLUSIVELY TO DEVELOP, OWN, AND OPERATE A 100-UNIT LOW-INCOME HOUSING PROJECT PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959.
Activities or mission (Part I)
LOW-INCOME HOUSING PROJECT
-
ST. LUKE HOUSING DEVELOPMENT FUND COMPANY, INC. OWNS AND OPERATES A 100-UNIT HOUSING PROJECT FOR LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
Expenses $906,414 · Revenue $1,117,906
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael F MelaraMICHAEL F MELARA
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Justin RudgickJUSTIN RUDGICK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kyle P LyskawaKYLE P LYSKAWA
TREASURER AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522199349301337
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