Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME FROM COR

  total $186,728 · related or exempt $186,728

• 3 · Investment income

  total $11,708 · excluded $11,708

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $13,270 · management and general $13,270

• 16 · Occupancy

  total $34,283 · program services $34,283

• 20 · Interest

  total $8,905 · program services $8,905

• 22 · Depreciation, depletion and amortization

  total $53,238 · program services $53,238

• 23 · Insurance

  total $8,904 · program services $8,904

• 24a · Other expenses: MISCELLANEOUS

  total $21,303 · program services $21,303

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $11,931 · program services $11,931

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,561 · end of year $8,800

• 4 · Accounts receivable

  end of year $40,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,312 · end of year $5,682

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

  $1,778,047

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

  $589,073

• 10c · Land, buildings and equipment, net

  beginning of year $1,217,197 · end of year $1,188,974

• 11 · Investments: publicly traded securities

  beginning of year $578,763 · end of year $489,327

• 15 · Other assets

  beginning of year $37,540 · end of year $57,427

• 17 · Accounts payable and accrued expenses

  beginning of year $650

• 23 · Secured mortgages and notes payable

  beginning of year $228,217 · end of year $220,475

• 25 · Other liabilities

  beginning of year $2,400 · end of year $2,400

• 27 · Net assets without donor restrictions

  beginning of year $1,612,106 · end of year $1,567,335

The filer's explanations (Part III)

PART I, LINE 3

CEO COMPENSATION IS REVIEWED AND APPROVED AT THE SUPPORTED ORGANIZATION BOARD LEVEL. OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO, ALONG WITH THE HR COMMITTEE, AND COMPARED TO CURRENT MARKET RATES FOR THE AREA.

PART I LINE 4A

KIM BRUMBER, PRESIDENT AND CEO THROUGH MAY 2022, RECEIVED SEVERANCE IN THE FORM OF SIX MONTHS CONTINUED PAY SUBSEQUENT TO HER EXIT DATE, AMOUNTING TO $88,375. ADDITIONALLY, SHE RECEIVED A PAYOUT OF HER ACCUMULATED VACATION TIME, AMOUNTING TO $27,110.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ALEXANDER ST APARTMENTS LLC

  RELATED · HOUSING · NY

• EAST HOUSE CANAL STREET LLC

  RELATED · HOUSING · NY

Related corporations and trusts

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

• ALEXANDER ST APARTMENTS HDFC INC

  C · HOUSING · NY

• ALEXANDER ST APARTMENTS MANAGEMENT

  C · MANAGEMENT · NY

• EAST HOUSE CANAL STREET HOUSING DEVELOPMENT FUND CORPORATION

  C · HOUSING · NY

• EAST HOUSE CANAL STREET MM LLC

  C · MANAGEMENT · NY