Form 990-EZ for tax year 2023
Filed by NATIVITY HOUSING DEVELOPMENT FUND COMPANY INC.
Totals
- Total revenue
- $107,420
- Total expenses
- $99,476
- Contributions and grants received
- not reported
- Grants paid
- not reported
- Program service revenue
- $107,420
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $215,755
- Total liabilities, end of year
- $367,438
- Net assets or fund balances, end of year
- -$151,683
- Program service expenses (Part III)
- $99,479
Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2023
Primary exempt purpose
NATIVITY HOUSING DEVELOPMENT FUND COMPANY, INC. WAS DEVELOPED AND OPERATES WITH FEDERAL HOUSING FINANCING. THE PROPERTY UTILIZES THE SECTION 202 SECTION 8 FEDERAL HOUSING PROGRAM TO MAKE RENT AFFORDABLE TO LOWER INCOME TENANTS. THE PROPERTY WAS DEVELOPED WITH FUNDING THROUGH THE HUD SECTION 202 SECTION 8 PROGRAM, WHICH PROVIDES FUNDING FOR ADULTS WHO ARE DISABLED OR 62 OR OLDER. NATIVITY IS AN AFFORDABLE APARTMENT COMMUNITY LOCATED AT 1080 COLVIN BLVD., TONAWANDA, NEW YORK, 14223 WHICH IS LOCATED IN ERIE COUNTY. THE PROPERTY CONSISTS OF 10 ASSISTED RENTAL UNITS.
-
NATIVITY HOUSING DEVELOPMENT FUND COMPANY, INC. PROVIDES RENTAL SUBSIDIES TO RENTERS. THE TYPE OF SUBSIDY PROVIDED TO APARTMENT RENTERS BY THIS PROPERTY IS HUD 202 SECTION 8 RENTAL ASSISTANCE. THE SUBSIDY ALLOWS THE RENTER TO PAY 30% OF THEIR INCOME FOR RENT WHILE THE SUBSIDY PAYS THE DIFFERENCE. TO QUALIFY, A RENTER MUST EARN 50% OR LESS THAN THE AREA MEDIAN INCOME, AND BE DISABLED OR 62 YEARS OF AGE OR OLDER.
Expenses $99,479
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
FATHER DAVID LIPUMA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
FATHER PETER J KARALUS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
CINDY LEE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
RHALLADAY SWANSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
BISHOP MICHAEL W FISHER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL QUINN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ELLEN MUSIALOWSKI
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2023
- Filed
- 29 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432919349200648
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