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← ENCORE WEST RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by ENCORE WEST RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,120,953
Total expenses
$1,424,852
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,112,230
Investment income
$2,396
Other revenue
$6,327
Total assets, end of year
$9,173,299
Total liabilities, end of year
$573,030
Net assets or fund balances, end of year
$8,600,269
Program services expenses (Part IX)
$1,170,943
Management and general expenses
$253,909
Fundraising expenses
$0
Program service expenses (Part III)
$1,170,943

Program services were 82.2% 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 $1,112,230 · related or exempt $1,112,230

  • 3 · Investment income

    total $2,396 · excluded $2,396

  • 11a · Other revenue: LAUNDRY REVENUE

    total $6,327 · excluded $6,327

  • 11e · Other revenue, total

    $6,327

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $69,742 · program services $21,620 · management and general $48,122

  • 9 · Other employee benefits

    total $18,392 · program services $13,575 · management and general $4,817

  • 10 · Payroll taxes

    total $11,254 · program services $8,306 · management and general $2,948

  • 11a · Fees: management

    total $85,692 · management and general $85,692

  • 11b · Fees: legal

    total $5,560 · management and general $5,560

  • 11c · Fees: accounting

    total $37,875 · management and general $37,875

  • 11g · Fees: other

    total $208,332 · program services $208,332

  • 13 · Office expenses

    total $10,764 · management and general $10,764

  • 14 · Information technology

    total $51,266 · management and general $51,266

  • 16 · Occupancy

    total $144,815 · program services $144,815

  • 22 · Depreciation, depletion and amortization

    total $363,809 · program services $363,809

  • 23 · Insurance

    total $31,365 · program services $31,365

  • 24a · Other expenses: UTILITIES

    total $280,761 · program services $280,761

  • 24b · Other expenses: REAL ESTATE TAXES

    total $98,360 · program services $98,360

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $5,093 · management and general $5,093

  • 24d · Other expenses: LICENSE

    total $1,772 · management and general $1,772

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,815 · end of year $182,922

  • 2 · Savings and temporary cash investments

    beginning of year $362,366 · end of year $420,818

  • 4 · Accounts receivable

    beginning of year $68,152 · end of year $72,210

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

    $14,546,020

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

    $6,085,333

  • 10c · Land, buildings and equipment, net

    beginning of year $8,824,496 · end of year $8,460,687

  • 15 · Other assets

    beginning of year $29,786 · end of year $36,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $434,450 · end of year $408,961

  • 19 · Deferred revenue

    beginning of year $2,012 · end of year $1,254

  • 21 · Escrow or custodial account liability

    beginning of year $29,786 · end of year $36,662

  • 25 · Other liabilities

    beginning of year $39,199 · end of year $126,153

  • 27 · Net assets without donor restrictions

    beginning of year $8,904,168 · end of year $8,600,269

Mission and programs · 2023

Mission

TO DEVELOP, CONSTRUCT, AND OPERATE HOUSING AND REALTED FACILITIES FOR VERY LOW INCOME SENIOR CITIZENS.

Activities or mission (Part I)

SUPPORTIVE HOUSING FOR VERY LOW-INCOME SENIORS.

  • ENCORE WEST PROVIDES SAFE, AFFORDABLE HOUSING FOR LOW-INCOME OLDER ADULTS IN NEW YORK CITY, FOSTERING A COMFORTABLE AND SUPPORTIVE LIVING ENVIRONMENT WHERE RESIDENTS CAN THRIVE WHILE REMAINING ENGAGED WITH THE COMMUNITY. THROUGH OUR COMMITMENT TO QUALITY HOUSING AND COMPASSIONATE CARE, WE ENSURE THAT OLDER NEW YORKERS HAVE ACCESS TO SECURE AND DIGNIFIED LIVING ARRANGEMENTS THAT PROMOTE STABILITY AND WELL-BEING.THE HOUSING AND RELATED FACILITIES CONSIST OF 84 UNITS OF HOUSING, WHICH ARE ELIGIBLE FOR HUD SECTION 8 RENTAL ASSISTANCE.

    Expenses $1,170,943 · Revenue $1,112,230

As filed on the 2023 return.

Listed in Part VII

  • MARK EPSTEIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DANNY DANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ELLEN DUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SR LILLIAN MCNAMARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LORI RAIMONDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK NEVINS

    DIRECTOR (THRU SPRING 24)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DANA CHANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JEREMY KAPLAN

    EXECUTIVE DIR.

    Total calculated
    $211,230
    From this org
    $0
    From related orgs
    $182,727
    Other
    $28,503
    Hours/week
    1 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,905 related
    Nontaxable benefits
    $0 + $21,598 related
    Filer's total
    $0 + $211,230 related

  • JUDITH CASTILLO

    COO

    Total calculated
    $159,670
    From this org
    $0
    From related orgs
    $140,083
    Other
    $19,587
    Hours/week
    1 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,083 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,240 related
    Nontaxable benefits
    $0 + $14,347 related
    Filer's total
    $0 + $159,670 related

  • MICHAEL WALTER

    SECRETARY

    Total calculated
    $96,952
    From this org
    $0
    From related orgs
    $67,218
    Other
    $29,734
    Hours/week
    1 + 36 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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349301715

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