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Nonprofiteer
← CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2025

Filed by CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$59,461
Total expenses
$125,807
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$59,461
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,092,285
Total liabilities, end of year
$1,634,230
Net assets or fund balances, end of year
-$541,945
Program services expenses (Part IX)
$120,333
Management and general expenses
$5,474
Fundraising expenses
$0
Program service expenses (Part III)
$120,333

Program services were 95.6% 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: RENTAL INCOME

    total $59,461 · related or exempt $59,461

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $6,569 · program services $6,569

  • 13 · Office expenses

    total $114 · program services $91 · management and general $23

  • 16 · Occupancy

    total $8,059 · program services $6,044 · management and general $2,015

  • 22 · Depreciation, depletion and amortization

    total $64,565 · program services $64,565

  • 23 · Insurance

    total $13,232 · program services $9,924 · management and general $3,308

  • 24a · Other expenses: PROPERTY MAINTENANCE

    total $19,001 · program services $19,001

  • 24b · Other expenses: REPAIRS

    total $14,012 · program services $14,012

  • 24c · Other expenses: MISCELLANEOUS

    total $255 · program services $127 · management and general $128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,656 · end of year $472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,780 · end of year $4,106

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

    $1,770,930

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

    $724,704

  • 10c · Land, buildings and equipment, net

    beginning of year $1,108,590 · end of year $1,046,226

  • 15 · Other assets

    beginning of year $36,338 · end of year $41,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $473 · end of year $763

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $104,490 · end of year $112,467

  • 27 · Net assets without donor restrictions

    beginning of year -$475,599 · end of year -$541,945

Mission and programs · 2025

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 $120,333 · Revenue $59,461

As filed on the 2025 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

  • SHARONNDA BAXTER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • PAUL MCDONNELL

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • THERESA GAY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ALEX CARDUCCI

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • STEPHANIE J SIMEON

    EXECUTIVE DIRECTOR

    Total calculated
    $152,868
    From this org
    $0
    From related orgs
    $136,619
    Other
    $16,249
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,619 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,631 related
    Nontaxable benefits
    $0 + $12,618 related
    Filer's total
    $0 + $152,868 related

  • MICHELLE WOOTEN

    DIRECTOR OF FINANCE

    Total calculated
    $59,674
    From this org
    $0
    From related orgs
    $59,674
    Other
    $0
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2025
Filed
12 March 2026
IRS schema version
2025v4.0
Source object
202630759349301073

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