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← HOUSING WORKS EAST NEW YORK HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by HOUSING WORKS EAST NEW YORK HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$454,830
Total expenses
$359,081
Contributions and grants received
$10,000
Grants paid
$0
Program service revenue
$444,830
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,610,475
Total liabilities, end of year
$755,162
Net assets or fund balances, end of year
$1,855,313
Program services expenses (Part IX)
$231,981
Management and general expenses
$127,100
Fundraising expenses
$0
Program service expenses (Part III)
$231,981

Program services were 64.6% 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.

  • 1f · All other contributions, gifts and grants

    $10,000

  • 2a · Program service revenue: RENTAL INCOME

    total $444,830 · related or exempt $444,830

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $127,100 · management and general $127,100

  • 11g · Fees: other

    total $12,924 · program services $12,924

  • 13 · Office expenses

    total $13,204 · program services $13,204

  • 14 · Information technology

    total $2,371 · program services $2,371

  • 22 · Depreciation, depletion and amortization

    total $176,910 · program services $176,910

  • 23 · Insurance

    total $21,014 · program services $21,014

  • 24a · Other expenses: BAD DEBT

    total $4,256 · program services $4,256

  • 24b · Other expenses: FACILITY REPAIRS AND MA

    total $1,053 · program services $1,053

  • 24e · All other expenses

    total $249 · program services $249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,677 · end of year $4,529

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,093 · end of year $61,851

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

    $5,429,702

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

    $2,885,607

  • 10c · Land, buildings and equipment, net

    beginning of year $2,668,330 · end of year $2,544,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,097 · end of year $525

  • 25 · Other liabilities

    beginning of year $935,439 · end of year $754,637

  • 27 · Net assets without donor restrictions

    beginning of year $1,759,564 · end of year $1,855,313

Mission and programs · 2023

Mission

HOUSING WORKS EAST NEW YORK HOUSING DEVELOPMENT FUND CORP PROVIDES PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS. REVENUE COMES FROM GOVERNMENT CONTRACTS AND RESIDENTS' RENT. RESIDENT RENT IS CAPPED AT 30% OF THEIR INCOME.

Activities or mission (Part I)

PROVIDES PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS.

  • HOUSING WORKS EAST NEW YORK PROVIDES PERMANENT HOUSING TO INDIVIDUALS LIVING WITH HIV/AIDS IN AN APARTMENT BUILDING LOCATED IN THE EAST NEW YORK AREA OF BROOKLYN.

    Expenses $231,981 · Revenue $444,830

As filed on the 2023 return.

Listed in Part VII

  • ANDREW COAMEY

    SECRETARY

    Total calculated
    $283,789
    From this org
    $0
    From related orgs
    $248,588
    Other
    $35,201
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,630 related
    Bonus
    $0 + $32,700 related
    Other
    $0 + $258 related
    Deferred
    $0 + $3,429 related
    Nontaxable benefits
    $0 + $31,772 related
    Filer's total
    $0 + $283,789 related

  • CHARLES KING

    VICE CHAIR/CHIEF EXECUTIVE OFFICER

    Total calculated
    $473,511
    From this org
    $0
    From related orgs
    $452,553
    Other
    $20,958
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,391 related
    Bonus
    $0 + $74,400 related
    Other
    $0 + $762 related
    Deferred
    $0 + $4,500 related
    Nontaxable benefits
    $0 + $16,458 related
    Filer's total
    $0 + $473,511 related

  • EARL WARD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • JOLANTA ILCZUK

    CHIEF FINANCIAL OFFICER

    Total calculated
    $274,094
    From this org
    $0
    From related orgs
    $266,895
    Other
    $7,199
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,633 related
    Bonus
    $0 + $35,500 related
    Other
    $0 + $762 related
    Deferred
    $0 + $4,653 related
    Nontaxable benefits
    $0 + $2,546 related
    Filer's total
    $0 + $274,094 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

The filer's explanations (Part III)

PART I, LINE 3
CEO COMPENSATION IS DETERMINED BY THE PARTENT ORGANIZATION, HOUSING WORKS, INC.

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349302041

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