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Nonprofiteer
← Y HOMES INC

Form 990 for tax year 2022

Filed by Y HOMES INC.

Totals

Total revenue
$5,000
Total expenses
$2,530
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$5,000
Total assets, end of year
$3,248,680
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,248,680
Program services expenses (Part IX)
$2,530
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,530

Program services were 100.0% 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.

  • 11a · Other revenue: MANAGEMENT FEE

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · program services $2,500

  • 11g · Fees: other

    total $30 · program services $30

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,440 · end of year $1,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $782 · end of year $782

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

    $1,928,775

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,928,775 · end of year $1,928,775

  • 15 · Other assets

    beginning of year $1,317,713 · end of year $1,317,713

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,257,790 · end of year $1,260,260

  • 28 · Net assets with donor restrictions

    beginning of year $1,988,420 · end of year $1,988,420

Mission and programs · 2022

Mission

THE ORGANIZATION IS ORGANIZED AS A NONPROFIT COMMUNITY HOUSING DEVELOPMENT ORGANIZATION TO SUPPORT THE MISSION OF THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF EASTERN UNION COUNTY OF DEVELOPING AND PROMOTING DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND COMMUNITY REVITALIZATION IN ELIZABETH, NEW JERSEY AND SURROUNDING COMMUNITIES.

  • COMMUNITY HOUSING - DEVELOPING AND PROMOTING DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND COMMUNITY REVITALIZATION IN ELIZABETH, NEW JERSEY AND SURROUNDING COMMUNITIES.

    Expenses $2,530 · Revenue $5,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Krystal Canady

    CEO OF AFFILIATE-THROUGH 10/31/2022

    Total calculated
    $400,775
    From this org
    $0
    From related orgs
    $381,685
    Other
    $19,090
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,685 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $3,840 related
    Filer's total
    $0 + $400,775 related

  • Melynda Mileski

    PRESIDENT / CEO OF AFFILIATE

    Total calculated
    $264,260
    From this org
    $0
    From related orgs
    $247,924
    Other
    $16,336
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,924 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,376 related
    Nontaxable benefits
    $0 + $3,960 related
    Filer's total
    $0 + $264,260 related

  • Earnistine Brookins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Evans Estabrook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rafael Cano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Masterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Michael C Klidas

    SVP,CFO,CGO OF AFFILIATE

    Total calculated
    $235,482
    From this org
    $0
    From related orgs
    $224,269
    Other
    $11,213
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,269 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,213 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $235,482 related

  • Rodger Koerber

    EVP, COO OF AFFILIATE

    Total calculated
    $215,187
    From this org
    $0
    From related orgs
    $198,135
    Other
    $17,052
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,135 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,851 related
    Nontaxable benefits
    $0 + $7,201 related
    Filer's total
    $0 + $215,187 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

  • 3 · Approval by the board or compensation committee

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

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
9 August 2023
IRS schema version
2022v5.0
Source object
202312219349300811

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