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Nonprofiteer
← JACK KENNY MEMORIAL HOUSING DEV FUND CORP

Form 990 for tax year 2023

Filed by JACK KENNY MEMORIAL HOUSING DEV FUND CORP.

What the amendment changed

Compared with the return it replaced , filed 1 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$2,801,813
Total expenses
$2,269,776
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$781,898
Investment income
$2,017,156
Other revenue
$2,759
Total assets, end of year
$195,270
Total liabilities, end of year
$140,134
Net assets or fund balances, end of year
$55,136
Program services expenses (Part IX)
$1,602,800
Management and general expenses
$666,976
Fundraising expenses
$0
Program service expenses (Part III)
$1,602,800

Program services were 70.6% 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: TENANT RENT

    total $650,221 · related or exempt $650,221

  • 2b · Program service revenue: TENANT ASSISTANCE PAYMENTS

    total $131,677 · related or exempt $131,677

  • 3 · Investment income

    total $2,933 · excluded $2,933

  • 7a · Gross sales of assets other than inventory

    other assets $3,342,041

  • 7b · Less cost or other basis and sales expenses

    other assets $1,327,818

  • 7c · Gain or loss

    other assets $2,014,223

  • 7d · Net gain or loss

    total $2,014,223 · related or exempt $2,014,223

  • 11a · Other revenue: TENANT CHARGES

    total $2,370 · related or exempt $2,370

  • 11b · Other revenue: COLLECTION OF BAD DEBT

    total $389 · related or exempt $389

  • 11e · Other revenue, total

    $2,759

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $137,076 · program services $82,506 · management and general $54,570

  • 8 · Pension plan contributions

    total $37,361 · program services $22,374 · management and general $14,987

  • 9 · Other employee benefits

    total $53,588 · program services $33,386 · management and general $20,202

  • 10 · Payroll taxes

    total $10,984 · program services $6,611 · management and general $4,373

  • 11a · Fees: management

    total $66,167 · program services $3,368 · management and general $62,799

  • 11b · Fees: legal

    total $17,530 · management and general $17,530

  • 11c · Fees: accounting

    total $13,052 · program services $7,634 · management and general $5,418

  • 11g · Fees: other

    total $53,419 · program services $39,150 · management and general $14,269

  • 12 · Advertising and promotion

    total $648 · program services $486 · management and general $162

  • 13 · Office expenses

    total $1,549,044 · program services $1,161,786 · management and general $387,258

  • 14 · Information technology

    total $9,141 · program services $6,856 · management and general $2,285

  • 16 · Occupancy

    total $159,234 · program services $119,426 · management and general $39,808

  • 17 · Travel

    total $1,720 · program services $1,290 · management and general $430

  • 22 · Depreciation, depletion and amortization

    total $156,371 · program services $117,278 · management and general $39,093

  • 23 · Insurance

    total $3,110 · management and general $3,110

  • 24a · Other expenses: SERVICE COORDINATOR

    total $865 · program services $649 · management and general $216

  • 24b · Other expenses: MISC. TAXES AND INSURANCE

    total $466 · management and general $466

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,586 · end of year $31,104

  • 2 · Savings and temporary cash investments

    beginning of year $169,920 · end of year $164,166

  • 4 · Accounts receivable

    beginning of year $14,470

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,238

  • 10c · Land, buildings and equipment, net

    beginning of year $1,446,356

  • 15 · Other assets

    beginning of year $7,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,927 · end of year $140,134

  • 19 · Deferred revenue

    beginning of year $537

  • 21 · Escrow or custodial account liability

    beginning of year $38,948

  • 25 · Other liabilities

    beginning of year $2,100,635

  • 27 · Net assets without donor restrictions

    beginning of year -$476,901 · end of year $55,136

Mission and programs · 2023

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

  • OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

    Expenses $1,602,800 · Revenue $2,798,880

  • OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melanie Ribeiro

    DIRECTOR / V

    Total calculated
    $532,389
    From this org
    $424,921
    From related orgs
    $0
    Other
    $107,468
    Hours/week
    0.7 + 40 related

    Schedule J breakdown matched by us

    Base
    $424,921
    Bonus
    not reported
    Other
    not reported
    Deferred
    $62,441
    Nontaxable benefits
    $45,027
    Filer's total
    $532,389

  • Maria C Cordone

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 11.7 related

  • Tony Fransetta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Joseph Giffi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • William Holayter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Edward Romero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Erica Schmelzer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4 + 23.6 related

  • Christopher M Shelton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 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.

  • EHDOC

    501C3 · MANAGEMENT · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202501679349300420

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