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Nonprofiteer
← ST MARYS MANOR FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND COMPANY I

Form 990 for tax year 2022

Filed by ST MARYS MANOR FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND COMPANY I.

Totals

Total revenue
$3,984,907
Total expenses
$2,400,662
Contributions and grants received
$43,825
Grants paid
$0
Program service revenue
$3,626,953
Investment income
$309,179
Other revenue
$4,950
Total assets, end of year
$11,728,761
Total liabilities, end of year
$936,580
Net assets or fund balances, end of year
$10,792,181
Program services expenses (Part IX)
$2,056,233
Management and general expenses
$344,429
Fundraising expenses
$0
Program service expenses (Part III)
$2,056,233

Program services were 85.7% 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.

  • 1e · Government grants (contributions)

    $43,825

  • 2a · Program service revenue: SUBSIDY REVENUE

    total $2,953,154 · related or exempt $2,953,154

  • 2b · Program service revenue: PROGRAM SERVICE REVENU

    total $398,091 · related or exempt $398,091

  • 2f · All other program service revenue

    total $275,708 · related or exempt $275,708

  • 3 · Investment income

    total $309,179 · excluded $309,179

  • 11a · Other revenue: MISC INCOME

    total $3,150 · excluded $3,150

  • 11b · Other revenue: LAUNDRY INCOME

    total $1,800 · excluded $1,800

  • 11e · Other revenue, total

    $4,950

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $316,980 · program services $249,956 · management and general $67,024

  • 9 · Other employee benefits

    total $14,102 · program services $14,102

  • 10 · Payroll taxes

    total $21,503 · program services $21,503

  • 11a · Fees: management

    total $206,500 · management and general $206,500

  • 11b · Fees: legal

    total $7,913 · management and general $7,913

  • 11c · Fees: accounting

    total $22,570 · management and general $22,570

  • 12 · Advertising and promotion

    total $304 · program services $304

  • 13 · Office expenses

    total $2,579 · management and general $2,579

  • 16 · Occupancy

    total $234,515 · program services $234,515

  • 20 · Interest

    total $79,851 · program services $79,851

  • 22 · Depreciation, depletion and amortization

    total $536,195 · program services $536,195

  • 23 · Insurance

    total $131,672 · program services $131,672

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $271,394 · program services $271,394

  • 24b · Other expenses: ASSISTED LIVING SUPERVI

    total $225,438 · program services $225,438

  • 24c · Other expenses: ASSISTED LIVING FOOD SE

    total $86,937 · program services $86,937

  • 24d · Other expenses: GROUNDS CONTRACT

    total $78,720 · program services $78,720

  • 24e · All other expenses

    total $163,489 · program services $125,646 · management and general $37,843

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $895,440 · end of year $771,292

  • 2 · Savings and temporary cash investments

    beginning of year $6,230 · end of year $6,417

  • 3 · Pledges and grants receivable

    beginning of year $44,383 · end of year $15,282

  • 4 · Accounts receivable

    beginning of year $39,901 · end of year $47,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,296 · end of year $8,389

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

    $14,735,933

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

    $11,426,256

  • 10c · Land, buildings and equipment, net

    beginning of year $3,134,780 · end of year $3,309,677

  • 15 · Other assets

    beginning of year $6,478,019 · end of year $7,570,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,129 · end of year $300,499

  • 19 · Deferred revenue

    beginning of year $9,577 · end of year $5,963

  • 23 · Secured mortgages and notes payable

    beginning of year $1,177,470 · end of year $589,096

  • 25 · Other liabilities

    beginning of year $39,937 · end of year $41,022

  • 27 · Net assets without donor restrictions

    beginning of year $9,207,936 · end of year $10,792,181

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME FAMILIES AND INDIVIDUALS.

Activities or mission (Part I)

THE ORGANIZATION OWNS & OPERATES A SECTION 202 HUD MULTFIFAMILY PROJECT FOR THE ELDERLY.

  • ON A NOT-FOR-PROFIT BASIS, THE CORPORATION PROVIDES 150 UNITS OF AFFORDABLE RENTAL HOUSING FOR PERSONS OF LIMITED MEANS IN INWOOD, NEW YORK, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

    Expenses $2,056,233 · Revenue $3,626,953

As filed on the 2022 return.

Listed in Part VII

  • Michael Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Richard Balcom

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robert J Ahlstrom Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William G Chapin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maryanne Fitzgerald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Pietrowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary Cregan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jesus Valdes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202420199349300307

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