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Nonprofiteer
← PROJECT SHARE III INC

Form 990 for tax year 2022

Filed by PROJECT SHARE III INC.

Totals

Total revenue
$112,693
Total expenses
$194,135
Contributions and grants received
$43,032
Grants paid
$0
Program service revenue
$69,659
Investment income
$2
Other revenue
$0
Total assets, end of year
$876,734
Total liabilities, end of year
$344,778
Net assets or fund balances, end of year
$531,956
Program services expenses (Part IX)
$142,229
Management and general expenses
$51,906
Fundraising expenses
$0
Program service expenses (Part III)
$142,229

Program services were 73.3% 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)

    $43,032

  • 2a · Program service revenue: RENT

    total $69,659 · related or exempt $69,659

  • 3 · Investment income

    total $2 · excluded $2

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,440 · management and general $10,440

  • 11b · Fees: legal

    total $756 · management and general $756

  • 11c · Fees: accounting

    total $7,400 · management and general $7,400

  • 13 · Office expenses

    total $2,501 · management and general $2,501

  • 16 · Occupancy

    total $34,610 · program services $34,610

  • 22 · Depreciation, depletion and amortization

    total $39,804 · program services $39,804

  • 23 · Insurance

    total $7,832 · program services $7,832

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $36,862 · program services $36,862

  • 24b · Other expenses: CONTRACTED SERVICES - C

    total $36,124 · program services $22,994 · management and general $13,130

  • 24c · Other expenses: BAD DEBT

    total $17,679 · management and general $17,679

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $127 · program services $127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,818

  • 2 · Savings and temporary cash investments

    beginning of year $18,822 · end of year $22,818

  • 4 · Accounts receivable

    beginning of year $163,097 · end of year $206,155

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

    $1,558,062

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

    $910,301

  • 10c · Land, buildings and equipment, net

    beginning of year $687,565 · end of year $647,761

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,047 · end of year $6,201

  • 19 · Deferred revenue

    beginning of year $196 · end of year $1,715

  • 25 · Other liabilities

    beginning of year $254,661 · end of year $336,862

  • 27 · Net assets without donor restrictions

    beginning of year $613,398 · end of year $531,956

Mission and programs · 2022

Mission

COMMUNITY RESIDENCE PROGRAM WHICH ESTABLISHES, OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES.

  • COMMUNITY RESIDENCE PROGRAM WHICH ESTABLISHES, OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES.

    Expenses $142,229 · Revenue $69,659

As filed on the 2022 return.

Listed in Part VII

  • KAREN COBURN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • DR JOAN RUBENSTEIN

    VICE-PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • LISA PIAZZA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • KRISTIE GOLDEN PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • RAPHAEL MORGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • CAROL PERES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • ROBERT DETOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • JODI GELERTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • STEPHON HOLLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • WILFREDO LLANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • TIM SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • RALPH FASANO

    EXECUTIVE DIRECTOR

    Total calculated
    $496,257
    From this org
    $432,667
    From related orgs
    $0
    Other
    $63,590
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $432,667
    Bonus
    $0
    Other
    $0
    Deferred
    $36,600
    Nontaxable benefits
    $26,990
    Filer's total
    $496,257

  • ELIZABETH LUNDE

    CHIEF OPERATING OFFICER

    Total calculated
    $351,951
    From this org
    $293,488
    From related orgs
    $0
    Other
    $58,463
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $293,488
    Bonus
    $0
    Other
    $0
    Deferred
    $35,857
    Nontaxable benefits
    $22,606
    Filer's total
    $351,951

  • SHONA ST ANGELO

    CFO (RESIGNED JULY 2022)

    Total calculated
    $128,851
    From this org
    $105,759
    From related orgs
    $0
    Other
    $23,092
    Hours/week
    0.5 + 39.5 related

  • JAMES MUTTON

    DIRECTOR OF NYC OPERATIONS

    Total calculated
    $180,663
    From this org
    $151,722
    From related orgs
    $0
    Other
    $28,941
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $151,722
    Bonus
    $0
    Other
    $0
    Deferred
    $18,645
    Nontaxable benefits
    $10,296
    Filer's total
    $180,663

  • ELIZABETH WEINBAUM

    ASSOCIATE ED OF QUALITY AS

    Total calculated
    $207,426
    From this org
    $158,813
    From related orgs
    $0
    Other
    $48,613
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $158,813
    Bonus
    $0
    Other
    $0
    Deferred
    $19,934
    Nontaxable benefits
    $28,679
    Filer's total
    $207,426

  • ROBIN SMITH

    DIRECTOR OF LI PROGRAM OPE

    Total calculated
    $177,148
    From this org
    $140,319
    From related orgs
    $0
    Other
    $36,829
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $140,319
    Bonus
    $0
    Other
    $0
    Deferred
    $16,806
    Nontaxable benefits
    $20,023
    Filer's total
    $177,148

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
CONTRIBUTIONS TO 457 PLANS: RALPH FASANO - $19,500 TO 457(B); $19,500 TO 457(F) ELIZABETH LUNDE - $19,500 TO 457(B); $19,500 TO 457(F) ELIZABETH WEINBAUM - $10,000 TO 457(B) CHRIS BETTS - $10,000 TO 457(B)

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.

  • CONCERN HOUSING

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • PROJECT SHARE INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • PROJECT SHARE II INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • PROJECT SHARE IV INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • PROJECT SHARE V INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • PROJECT SHARE VI INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • PROJECT SHARE VII INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE VIII INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE IX INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE X INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE XI INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE XII INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE XIII INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

  • SHARE XIV INC

    501(C)3 · OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES · NY

Provenance

Return type
form_990
Tax year
2022
Filed
30 March 2023
IRS schema version
2022v5.0
Source object
202330909349300923

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