Skip to content
Nonprofiteer
← TAYLOR BROWN HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2024

Filed by TAYLOR BROWN HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$525,494
Total expenses
$517,302
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$524,432
Investment income
$384
Other revenue
$678
Total assets, end of year
$1,766,144
Total liabilities, end of year
$1,968,927
Net assets or fund balances, end of year
-$202,783
Program services expenses (Part IX)
$447,925
Management and general expenses
$69,377
Fundraising expenses
$0
Program service expenses (Part III)
$447,925

Program services were 86.6% 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 - HUD

    total $373,303 · related or exempt $373,303

  • 2b · Program service revenue: RENTAL INCOME - TENANT

    total $151,129 · related or exempt $151,129

  • 3 · Investment income

    total $384 · excluded $384

  • 11a · Other revenue: OTHER MISC. INCOME

    total $678 · related or exempt $678

  • 11e · Other revenue, total

    $678

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $104,238 · program services $104,238

  • 9 · Other employee benefits

    total $22,349 · program services $22,349

  • 10 · Payroll taxes

    total $7,111 · program services $7,111

  • 11a · Fees: management

    total $31,590 · management and general $31,590

  • 11c · Fees: accounting

    total $13,648 · management and general $13,648

  • 12 · Advertising and promotion

    total $273 · management and general $273

  • 13 · Office expenses

    total $13,260 · management and general $13,260

  • 16 · Occupancy

    total $71,995 · program services $71,995

  • 20 · Interest

    total $52,119 · program services $52,119

  • 22 · Depreciation, depletion and amortization

    total $136,631 · program services $136,631

  • 23 · Insurance

    total $28,133 · program services $28,133

  • 24a · Other expenses: MISC. EXPENSE

    total $25,349 · program services $25,349

  • 24b · Other expenses: OTHER EXPENSE

    total $10,606 · management and general $10,606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,749 · end of year $30,172

  • 4 · Accounts receivable

    beginning of year $3,371 · end of year $1,873

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,322 · end of year $10,481

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

    $3,535,305

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

    $2,865,900

  • 10c · Land, buildings and equipment, net

    beginning of year $799,645 · end of year $669,405

  • 15 · Other assets

    beginning of year $939,545 · end of year $1,054,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,024 · end of year $13,971

  • 19 · Deferred revenue

    end of year $3,894

  • 23 · Secured mortgages and notes payable

    beginning of year $1,308,140 · end of year $1,252,425

  • 24 · Unsecured notes and loans payable

    beginning of year $625,200 · end of year $625,200

  • 25 · Other liabilities

    beginning of year $47,243 · end of year $73,437

  • 27 · Net assets without donor restrictions

    beginning of year -$210,975 · end of year -$202,783

Mission and programs · 2024

Mission

OPERATE A LOW INCOME HOUSING PROJECT FOR ELDERLY AND HANDICAPPED INDIVIDUALS.

  • TAYLOR BROWN HOUSING DEVELOPMENT FUND COMPANY, INC. OWNS AND OPERATES A 40-UNIT HOUSING PROJECT FOR LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.

    Expenses $447,925 · Revenue $525,110

As filed on the 2024 return.

Listed in Part VII

  • W James Gerling

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Stephen Deraddo

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Robert J McFadden

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jose Acevedo MD

    PRESIDENT & CEO

    Total calculated
    $924,067
    From this org
    $0
    From related orgs
    $880,675
    Other
    $43,392
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $655,957 related
    Bonus
    $0 + $223,530 related
    Other
    $0 + $1,188 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $12,892 related
    Filer's total
    $0 + $924,067 related

  • Trisha Koczent

    TREASURER & CFO

    Total calculated
    $448,054
    From this org
    $0
    From related orgs
    $395,109
    Other
    $52,945
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,600 related
    Bonus
    $0 + $67,095 related
    Other
    $0 + $414 related
    Deferred
    $0 + $52,169 related
    Nontaxable benefits
    $0 + $776 related
    Filer's total
    $0 + $448,054 related

  • Steve Goldstein

    BOARD MEMBER

    Total calculated
    $1,591,441
    From this org
    $0
    From related orgs
    $1,408,233
    Other
    $183,208
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,297,334 related
    Bonus
    $0
    Other
    $0 + $110,899 related
    Deferred
    $0 + $158,430 related
    Nontaxable benefits
    $0 + $24,778 related
    Filer's total
    $0 + $1,591,441 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION THESE QUESTIONS HAVE BEEN LEFT BLANK.
PART I, LINE 4B
CERTAIN OFFICERS AND DIRECTORS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PROVIDED BY GENEVA GENERAL HOSPITAL (GGH), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. GGH DEPOSITS FUNDS INTO A 457(F) PLAN FOR JOSE ACEVEDO, MD, PRESIDENT FOR HIS ROLE AS PRESIDENT AND CEO OF VARIOUS AFFILIATED ENTITIES.

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.

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.

Related corporations and trusts

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

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMA · NY

    Directly controlled by HIGHLD HOSP

  • UR EQUITY HOLDINGS INC

    C · HOLDING COMPA · DE

    Directly controlled by UNIV OF ROCH

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING COMPA · NY

    Directly controlled by FFTHS INC

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUB · NY

    Directly controlled by ROCH BIOVENTURE

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NET · NY

    Directly controlled by UNIV OF ROCH

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEP PRACT A · NY

    Directly controlled by AHP LLC

  • AHP INSURANCE COMPANY

    C · CAPTIVE INS C · VT

    Directly controlled by AHP LLC

  • LUMINATE VENTURE CHALLENGE CORP

    C · BUSINESS INCU · NY

    Directly controlled by NEXTCORPS INC

  • HORNELL MEDICAL VILLAGE LLC

    C · HOLD REAL EST · NY

    Directly controlled by ST JAMES

  • ROCHESTER BIOVENTURE CENTER INC

    C · BIOTECH INCUB · NY

    Directly controlled by UNIV OF ROCH

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349307420

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.