Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $351,384

• 1f · All other contributions, gifts and grants

  $108,905

• 2a · Program service revenue: MANAGEMENT FEES

  total $1,370,779 · related or exempt $1,370,779

• 2b · Program service revenue: MAINTENANCE FEES

  total $720,855 · related or exempt $720,855

• 2c · Program service revenue: ADMINISTRATIVE FEES

  total $61,754 · related or exempt $61,754

• 3 · Investment income

  total $73,311 · excluded $73,311

• 11a · Other revenue: MISCELLANEOUS OTHER IN

  total $542,730 · related or exempt $542,730

• 11e · Other revenue, total

  $542,730

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $803,839 · program services $803,839

• 7 · Other salaries and wages

  total $2,040,713 · program services $2,040,713

• 8 · Pension plan contributions

  total $68,267 · program services $68,267

• 9 · Other employee benefits

  total $409,112 · program services $409,112

• 10 · Payroll taxes

  total $219,751 · program services $219,751

• 11c · Fees: accounting

  total $34,800 · management and general $34,800

• 11g · Fees: other

  total $1,876 · program services $1,876

• 12 · Advertising and promotion

  total $2,691 · program services $907 · fundraising $1,784

• 13 · Office expenses

  total $814,670 · program services $814,670

• 22 · Depreciation, depletion and amortization

  total $23,132 · program services $23,132

• 24a · Other expenses: BAD DEBT EXPENSE

  total $35,178 · program services $35,178

• 24b · Other expenses: OPERATING AND MAINTENAN

  total $19,484 · program services $19,484

• 24c · Other expenses: UTILITIES

  total $344 · management and general $344

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $107,091 · end of year $551,391

• 2 · Savings and temporary cash investments

  beginning of year $67,957 · end of year $67,957

• 4 · Accounts receivable

  beginning of year $2,844,705 · end of year $3,089,826

• 7 · Other notes and loans receivable

  beginning of year $3,962,037 · end of year $4,035,378

• 9 · Prepaid expenses and deferred charges

  beginning of year -$6,531 · end of year -$6,531

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

  $249,956

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

  $112,686

• 10c · Land, buildings and equipment, net

  beginning of year $105,965 · end of year $137,270

• 12 · Investments: other securities

  beginning of year $3,352,951 · end of year $3,352,921

• 17 · Accounts payable and accrued expenses

  beginning of year $1,622,151 · end of year $3,737,250

• 24 · Unsecured notes and loans payable

  beginning of year $211,538 · end of year $134,615

• 27 · Net assets without donor restrictions

  beginning of year $8,600,486 · end of year $7,356,347

The filer's explanations (Part III)

PART I, LINE 4A

QUESTION 4A: SEVERANCE PAYMENT OF $47,115 WAS PAID TO JULIANNE STERN DURING 2023.

Disregarded entities

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

• PARK AVENUE AND CURTIS LLC

  RE · CO

• EIGHTH AND UNION COPORATION

  RE · CO

• RMHDC

  RE · CO

• SHERIDAN AND 69TH COPORATION

  RE · CO

• COLFAX & GRAY LLC

  RE · CO

• 14TH GRAY LLC

  RE · CO

Related partnerships

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

• CORNERSTONE RESIDENCES LLLP

  RE · CO · 0.01% owned · share of income -$27 · share of assets $6,800,191