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Nonprofiteer
← SIMCHA INC

Form 990 for tax year 2024

Filed by SIMCHA INC.

Totals

Total revenue
$156,019
Total expenses
$183,556
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$156,012
Investment income
$7
Other revenue
$0
Total assets, end of year
$860,791
Total liabilities, end of year
$1,177,925
Net assets or fund balances, end of year
-$317,134
Program services expenses (Part IX)
$137,018
Management and general expenses
$46,538
Fundraising expenses
$0
Program service expenses (Part III)
$137,018

Program services were 74.6% 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.

  • 2a · Program service revenue: Rental Income

    total $156,012 · related or exempt $156,012 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $7 · related or exempt $0 · unrelated business $0 · excluded $7

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,575 · program services $7,392 · management and general $16,183 · fundraising $0

  • 9 · Other employee benefits

    total $3,903 · program services $1,224 · management and general $2,679 · fundraising $0

  • 10 · Payroll taxes

    total $1,719 · program services $539 · management and general $1,180 · fundraising $0

  • 11a · Fees: management

    total $6,468 · program services $0 · management and general $6,468 · fundraising $0

  • 11c · Fees: accounting

    total $18,300 · program services $0 · management and general $18,300 · fundraising $0

  • 11g · Fees: other

    total $28,718 · program services $28,718 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,271 · program services $3,514 · management and general $757 · fundraising $0

  • 16 · Occupancy

    total $48,528 · program services $48,528

  • 22 · Depreciation, depletion and amortization

    total $40,061 · program services $40,061

  • 23 · Insurance

    total $2,465 · program services $2,465

  • 24a · Other expenses: Vehicle expenses

    total $738 · program services $738 · management and general $0 · fundraising $0

  • 24b · Other expenses: Miscellaneous taxes, licenses, and fees

    total $3,839 · program services $3,839 · management and general $0 · fundraising $0

  • 24c · Other expenses: Miscellaneous administrative expenses

    total $971 · program services $0 · management and general $971 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,854 · end of year $27,247

  • 4 · Accounts receivable

    beginning of year $2,731 · end of year $4,303

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

    $1,335,712

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

    $506,471

  • 10c · Land, buildings and equipment, net

    beginning of year $845,145 · end of year $829,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,479 · end of year $57,077

  • 23 · Secured mortgages and notes payable

    beginning of year $1,024,800 · end of year $1,024,800

  • 24 · Unsecured notes and loans payable

    beginning of year $92,307 · end of year $92,307

  • 25 · Other liabilities

    beginning of year $3,741 · end of year $3,741

  • 27 · Net assets without donor restrictions

    beginning of year -$289,597 · end of year -$317,134

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Housing for low-income developmentally disabled individuals

  • Residential apartment providing housing for eleven low-income individuals with serious developmental disabilities that allow the individuals to continue living in the community and thereby keeping them from having to be maintained at more expensive government operated facilities

    Expenses $137,018 · Revenue $156,012

As filed on the 2024 return.

Listed in Part VII

  • Robert Danzinger

    President

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related
  • Adam Gimbel

    Vice President

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Renny Wollfson

    Treasurer

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Terri Steindler

    Secretary

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Martin Davidson

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Larry Edelman

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Allan Goldner

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Dick Halle

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Jeffrey Kahn

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • David Kornbluth

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Mitch Lapin

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Patricia Rubin

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Mark Siegal

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.3 related
  • Barbara Cameron

    Vice President and CFO

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 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.

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
2024
Filed
7 May 2026
IRS schema version
2024v5.0
Source object
202611279349303406

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