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← BETTER HOUSING FOR TOMPKINS COUNTY INC

Form 990 for tax year 2022

Filed by BETTER HOUSING FOR TOMPKINS COUNTY INC.

Totals

Total revenue
$1,405,802
Total expenses
$1,753,859
Contributions and grants received
$89,828
Grants paid
$18,000
Program service revenue
$1,313,897
Investment income
$2,077
Other revenue
$0
Total assets, end of year
$2,300,578
Total liabilities, end of year
$2,877,336
Net assets or fund balances, end of year
-$576,758
Program services expenses (Part IX)
$370,937
Management and general expenses
$1,382,922
Fundraising expenses
$0
Program service expenses (Part III)
$370,937

Program services were 21.1% 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.

  • 1e · Government grants (contributions)

    $89,828

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $1,029,448 · related or exempt $1,029,448

  • 2b · Program service revenue: RENTAL INCOME

    total $172,953 · related or exempt $172,953

  • 2c · Program service revenue: FMHA INTEREST SUBSIDY

    total $92,385 · related or exempt $92,385

  • 2d · Program service revenue: OTHER INCOME

    total $18,211 · related or exempt $18,211

  • 2e · Program service revenue: CLIENT REIMBURSEMENTS

    total $900 · related or exempt $900

  • 3 · Investment income

    total $2,077 · excluded $2,077

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $18,000 · program services $18,000

  • 7 · Other salaries and wages

    total $1,049,553 · program services $5,473 · management and general $1,044,080

  • 9 · Other employee benefits

    total $179,118 · management and general $179,118

  • 10 · Payroll taxes

    total $92,832 · management and general $92,832

  • 11b · Fees: legal

    total $1,063 · program services $1,063

  • 11c · Fees: accounting

    total $20,800 · management and general $20,800

  • 11g · Fees: other

    total $3,114 · management and general $3,114

  • 12 · Advertising and promotion

    total $1,220 · program services $1,220

  • 13 · Office expenses

    total $7,929 · program services $2,250 · management and general $5,679

  • 16 · Occupancy

    total $27,979 · program services $27,979

  • 17 · Travel

    total $12,109 · program services $868 · management and general $11,241

  • 20 · Interest

    total $92,843 · program services $92,843

  • 22 · Depreciation, depletion and amortization

    total $97,227 · program services $97,227

  • 23 · Insurance

    total $15,437 · program services $15,437

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $57,727 · program services $57,727

  • 24b · Other expenses: PROPERTY MANAGEMENT

    total $30,814 · program services $30,814

  • 24c · Other expenses: VEHICLE EXPENSE

    total $21,489 · management and general $21,489

  • 24d · Other expenses: MISCELLANEOUS

    total $11,125 · program services $7,317 · management and general $3,808

  • 24e · All other expenses

    total $13,480 · program services $12,719 · management and general $761

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $381,188 · end of year $130,505

  • 2 · Savings and temporary cash investments

    beginning of year $297,611 · end of year $251,614

  • 4 · Accounts receivable

    beginning of year $4,575 · end of year $29,769

  • 7 · Other notes and loans receivable

    beginning of year $147,151 · end of year $157,498

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,333 · end of year $6,593

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

    $3,601,709

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

    $2,122,081

  • 10c · Land, buildings and equipment, net

    beginning of year $1,554,198 · end of year $1,479,628

  • 15 · Other assets

    beginning of year $241,973 · end of year $244,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,077 · end of year $107,274

  • 19 · Deferred revenue

    end of year $1,124

  • 23 · Secured mortgages and notes payable

    beginning of year $2,541,246 · end of year $2,512,839

  • 25 · Other liabilities

    beginning of year $254,397 · end of year $256,099

  • 27 · Net assets without donor restrictions

    beginning of year -$441,015 · end of year -$766,115

  • 28 · Net assets with donor restrictions

    beginning of year $212,324 · end of year $189,357

Mission and programs · 2022

Mission

DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.

  • RENT AND MANAGED AFFORDABLE RENTAL HOUSING UNITS TO LOW-MODERATE HOUSEHOLDS IN SERVICE AREA.

    Expenses $370,937 · Grants $18,000 · Revenue $1,313,897

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Cannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Nicole Carrier-Titti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Julee Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Sharon D Malone

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • H Matthys Van Cort

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Brendan Wilbur

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Ellen Morris-Knower Part Year

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Lacey Lent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jeremy Thomas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Rachel Lampert

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Lisa Nicholas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Maureen Abbott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Cooper Sirwatka

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Johanna Anderson

    EXECUTIVE DIRECTOR

    Total calculated
    $133,085
    From this org
    $0
    From related orgs
    $126,884
    Other
    $6,201
    Hours/week
    13 + 23 related

  • Scott Reynolds

    DIRECTOR OF INFORMATION TE

    Total calculated
    $113,193
    From this org
    $0
    From related orgs
    $105,780
    Other
    $7,413
    Hours/week
    13 + 23 related

  • Patricia Paolangeli

    DIRECTOR OF FINANCE

    Total calculated
    $116,397
    From this org
    $0
    From related orgs
    $105,739
    Other
    $10,658
    Hours/week
    13 + 23 related

  • Lynn Truame

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $107,853
    From this org
    $0
    From related orgs
    $102,573
    Other
    $5,280
    Hours/week
    13 + 23 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • BETTER HOUSING DEVELOPMENT CORP

    C · HOUSING DEVELOPMENT · NY · 100% owned · share of income $10,202 · share of assets $64,916

  • PINE VIEW CIRCLE MM INC

    C · HOUSING DEVELOPMENT · NY · 100% owned · share of income $8,588 · share of assets $275,642

  • PINE VIEW CIRCLE HOUSING DEVELOPMENT FUND CORPORATION

    C · HOUSING DEVELOPMENT · NY · 100% owned

Provenance

Return type
form_990
Tax year
2022
Filed
28 September 2023
IRS schema version
2022v5.0
Source object
202322849349301852

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