Form 990 for tax year 2024
Filed by CORTLAND FUNDING FACILITIES FOR THE HANDICAPPED INC C O BONNIE BARKER.
Totals
- Total revenue
- $73,212
- Total expenses
- $72,543
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $73,212
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $265,649
- Total liabilities, end of year
- $49,477
- Net assets or fund balances, end of year
- $216,172
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $72,543
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: RENT REVENUE
total $73,212 · related or exempt $73,212
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $53
-
20 · Interest
total $3,453
-
22 · Depreciation, depletion and amortization
total $69,037
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,935 · end of year $4,638
-
10a · Land, buildings and equipment: cost or other basis
$1,854,786
-
10b · Land, buildings and equipment: accumulated depreciation
$1,593,775
-
10c · Land, buildings and equipment, net
beginning of year $330,049 · end of year $261,011
-
23 · Secured mortgages and notes payable
beginning of year $120,036 · end of year $37,608
-
25 · Other liabilities
beginning of year $445 · end of year $11,869
-
27 · Net assets without donor restrictions
beginning of year $215,503 · end of year $216,172
Mission and programs · 2024
Mission
TO PROVIDE RESIDENTIAL PROPERTY TO NONPROFITS PROVIDING SERVICES TO DEVELOPMENTALLY DISABLED.
-
PROVIDED RESIDENTIAL PROPERTY TO NYSARC, INC. MADISON CORTLAND COUNTIES CHAPTER, WHO PROVIDES SERVICES TO THE DEVELOPMENTALLY DISABLED.
Expenses $72,543 · Revenue $73,212
As filed on the 2024 return.
Listed in Part VII
-
ERIC STICKELS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
JAMES BETRO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
JOSEPH ZIFCHOCK
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
SAMUEL GETMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
PERRY COURTO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $232,104
- From this org
- $0
- From related orgs
- $203,241
- Other
- $28,863
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $203,241 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,044 related
- Nontaxable benefits
- $0 + $17,819 related
- Filer's total
- $0 + $232,104 related
-
KAREN MANSER
CHIEF FINANCIAL OFFICER
- Total calculated
- $132,519
- From this org
- $0
- From related orgs
- $114,806
- Other
- $17,713
- Hours/week
- 1 + 37.5 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
- 1a · Discretionary spending account
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- PERRY COURTO HAS A DISCRETIONARY SPENDING ACCOUNT OF $1,000 THRU NYSARC, INC. MADISON CORTLAND CHAPTER
- PART I, LINE 3
- ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS OF NYSARC, INC. MADISON CORTLAND CHAPTER, REVIEWS AND APPROVES PERFORMANCE GOALS, OBJECTIVES, AND COMPENSATION FOR THE EXECUTIVE DIRECTOR.
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.
-
NYSARC INC MADISON CORTLAND CHAPTER
501(C)(3) · PROVIDES SERVICES TO IMPROVE LIVES OF PEOPLE WITH DEVELOPMENTAL DISABILITIES · NY
-
501(C)(3) · PROVIDES RESIDENTIAL PROP TO NONPROFITS PROVIDING SERVICES TO DEV DISABLED. · NY
Directly controlled by NYSARC INC MADISON CORTLAND CHAPTER
-
MADISON COMMUNITY RESIDENTIAL PROJECT INC
501(C)(3) · OPERATES A RESIDENTIAL BLDG AS CMTY RESIDENCE FOR DEVELOPMENTALLY DISABLED. · NY
Directly controlled by NYSARC INC MADISON CORTLAND CHAPTER
-
BUILDING FUTURES FOUNDATION INC
501(C)(3) · RECEIVES AND ADMINISTERS GIFTS & CONDUCTS FUNDRAISING ACTIVITIES FOR CHAPTER · NY
Directly controlled by NYSARC INC MADISON CORTLAND CHAPTER
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543119349301949
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