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Nonprofiteer
← SISTERS OF CHARITY HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by SISTERS OF CHARITY HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$3,778,920
Total expenses
$6,127,808
Contributions and grants received
$1,723,480
Grants paid
$42,140
Program service revenue
$1,302,446
Investment income
$709,177
Other revenue
$43,817
Total assets, end of year
$19,434,201
Total liabilities, end of year
$2,889,040
Net assets or fund balances, end of year
$16,545,161
Program services expenses (Part IX)
$3,961,096
Management and general expenses
$2,166,712
Fundraising expenses
$0
Program service expenses (Part III)
$3,961,096

Program services were 64.6% 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.

  • 1e · Government grants (contributions)

    $1,178,719

  • 1f · All other contributions, gifts and grants

    $544,761

  • 2a · Program service revenue: HOUSING SERVICES

    total $842,185 · related or exempt $842,185

  • 2b · Program service revenue: DEVELOPER FEE INCOME

    total $390,214 · related or exempt $390,214

  • 2c · Program service revenue: DEFERRED DEVELOPER FEE INTEREST I

    total $62,258 · related or exempt $62,258

  • 2d · Program service revenue: PARTNERSHIP FEE INCOME

    total $7,789 · related or exempt $7,789

  • 3 · Investment income

    total $636,685 · excluded $636,685

  • 7a · Gross sales of assets other than inventory

    securities $1,043,282

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

    securities $970,790

  • 7c · Gain or loss

    securities $72,492

  • 7d · Net gain or loss

    total $72,492 · excluded $72,492

  • 11a · Other revenue: MISCELLANEOUS

    total $43,817 · related or exempt $43,817

  • 11e · Other revenue, total

    $43,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,140 · program services $42,140

  • 5 · Compensation of officers, directors and key employees

    total $173,911 · program services $39,172 · management and general $134,739

  • 7 · Other salaries and wages

    total $1,247,017 · program services $280,882 · management and general $966,135

  • 9 · Other employee benefits

    total $146,691 · program services $146,691

  • 10 · Payroll taxes

    total $105,165 · program services $105,165

  • 11b · Fees: legal

    total $183,679 · management and general $183,679

  • 11c · Fees: accounting

    total $73,059 · management and general $73,059

  • 11g · Fees: other

    total $703,538 · management and general $703,538

  • 13 · Office expenses

    total $288,248 · program services $212,273 · management and general $75,975

  • 16 · Occupancy

    total $4,303 · program services $4,303

  • 22 · Depreciation, depletion and amortization

    total $2,962 · program services $2,962

  • 23 · Insurance

    total $18,702 · program services $18,702

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $2,430,009 · program services $2,430,009

  • 24b · Other expenses: TENANT RENT SUBSIDY

    total $546,128 · program services $546,128

  • 24c · Other expenses: SERVICE

    total $122,669 · program services $122,669

  • 24d · Other expenses: MISCELLANEOUS

    total $29,587 · management and general $29,587

  • 24e · All other expenses

    total $10,000 · program services $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,145,479 · end of year $3,668,062

  • 4 · Accounts receivable

    beginning of year $135,449 · end of year $200,386

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,253

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

    $20,732

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

    $5,430

  • 10c · Land, buildings and equipment, net

    beginning of year $18,264 · end of year $15,302

  • 11 · Investments: publicly traded securities

    beginning of year $11,632,345 · end of year $11,738,976

  • 15 · Other assets

    beginning of year $3,252,716 · end of year $3,811,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,880 · end of year $245,187

  • 24 · Unsecured notes and loans payable

    end of year $2,500,000

  • 25 · Other liabilities

    beginning of year $257,459 · end of year $143,853

  • 27 · Net assets without donor restrictions

    beginning of year $18,830,913 · end of year $16,511,721

  • 28 · Net assets with donor restrictions

    beginning of year $47,254 · end of year $33,440

Mission and programs · 2024

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO THE POOR ELDERLY ON A NONPROFIT BASIS.

Activities or mission (Part I)

FOSTER, PLAN, DEVELOP AND COORDINATE THE ACTIVITIES OF AFFILIATED ORGANIZATIONS WHICH PROVIDE LOW-INCOME HOUSING.

  • DEVELOPMENT OF AFFORDABLE HOUSING FOR THE COMMUNITY.

    Expenses $3,961,096 · Grants $42,140 · Revenue $1,346,263

As filed on the 2024 return.

Listed in Part VII

  • JAMES LANDY

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MAUREEN REISER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR MARGARET SWEENEY OP

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR DONNA DODGE SC

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR MARY ANN DALY SC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN DORAN ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHARON DOSIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR SHEILA BROSNAN SC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR MARGARET O'BRIEN SC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR CLAIRE REGAN SC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CATHLEEN TOBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LAWRENCE MCELROEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LYNNE BONGIOVANNI TWOMEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATTHEW JANECZKO

    EXECUTIVE DIRECTOR

    Total calculated
    $213,168
    From this org
    $173,911
    From related orgs
    $0
    Other
    $39,257
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $173,911
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,257
    Filer's total
    $213,168

  • XIOMARA PEDRAZA

    HIGHEST COMPENSATED EMPLOYEE

    Total calculated
    $141,188
    From this org
    $131,107
    From related orgs
    $0
    Other
    $10,081
    Hours/week
    1

  • SAMANTHA WALKER

    HIGHEST COMPENSATED EMPLOYEE

    Total calculated
    $172,481
    From this org
    $154,217
    From related orgs
    $0
    Other
    $18,264
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $154,217
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,264
    Filer's total
    $172,481

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Related corporations and trusts

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

  • THORPE VILLAGE INC

    PROVIDE MANAGEMENT SERVICES TO LOW INCOME HOUSING PROJECTS · NY · 100% owned · share of income -$93,776 · share of assets $213,702

    Directly controlled by SISTERS OF CHARITY HOUSING DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202532969349300828

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