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Nonprofiteer
← HUDSON RIVER HOUSING

Form 990 for tax year 2023

Filed by HUDSON RIVER HOUSING.

Totals

Total revenue
$21,884,767
Total expenses
$20,041,209
Contributions and grants received
$14,823,437
Grants paid
$0
Program service revenue
$5,812,661
Investment income
$84,260
Other revenue
$1,164,409
Total assets, end of year
$36,063,244
Total liabilities, end of year
$18,718,924
Net assets or fund balances, end of year
$17,344,320
Program services expenses (Part IX)
$18,104,784
Management and general expenses
$1,936,425
Fundraising expenses
$0
Program service expenses (Part III)
$18,104,784

Program services were 90.3% 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.

  • 1c · Fundraising events

    $32,335

  • 1e · Government grants (contributions)

    $13,175,278

  • 1f · All other contributions, gifts and grants

    $1,615,824

  • 2a · Program service revenue: RENTAL INCOME

    total $5,353,314 · related or exempt $5,353,314

  • 2b · Program service revenue: PROGRAM REVENUE

    total $424,547 · related or exempt $424,547

  • 2c · Program service revenue: TRAVEL LODGE

    total $34,800 · unrelated business $34,800

  • 3 · Investment income

    total $86,546 · excluded $86,546

  • 7a · Gross sales of assets other than inventory

    securities $40,992

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

    securities $43,278

  • 7c · Gain or loss

    securities -$2,286

  • 7d · Net gain or loss

    total -$2,286 · excluded -$2,286

  • 8a · Fundraising events: gross income

    $22,300

  • 8a · Fundraising events: contributions included on line 1c

    $32,335

  • 8b · Fundraising events: direct expenses

    $23,400

  • 8c · Net income from fundraising events

    total -$1,100 · excluded -$1,100

  • 11a · Other revenue: OTHER INCOME

    total $1,125,531 · related or exempt $1,125,531

  • 11b · Other revenue: DEVELOPMENT FEES

    total $30,892 · related or exempt $30,892

  • 11c · Other revenue: FOOD INCOME

    total $9,086 · related or exempt $9,086

  • 11e · Other revenue, total

    $1,165,509

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $332,936 · program services $307,541 · management and general $25,395

  • 7 · Other salaries and wages

    total $7,813,524 · program services $7,271,765 · management and general $541,759

  • 8 · Pension plan contributions

    total $98,532 · program services $87,307 · management and general $11,225

  • 9 · Other employee benefits

    total $1,331,861 · program services $1,180,128 · management and general $151,733

  • 10 · Payroll taxes

    total $600,340 · program services $531,946 · management and general $68,394

  • 11a · Fees: management

    total $30,939 · program services $30,939

  • 11b · Fees: legal

    total $152,991 · program services $107,210 · management and general $45,781

  • 11g · Fees: other

    total $419,605 · program services $238,389 · management and general $181,216

  • 12 · Advertising and promotion

    total $24,611 · program services $15,229 · management and general $9,382

  • 13 · Office expenses

    total $396,717 · program services $318,454 · management and general $78,263

  • 16 · Occupancy

    total $1,806,070 · program services $1,780,384 · management and general $25,686

  • 17 · Travel

    total $55,390 · program services $53,567 · management and general $1,823

  • 19 · Conferences, conventions and meetings

    total $48,930 · program services $38,512 · management and general $10,418

  • 20 · Interest

    total $429,812 · program services $250,228 · management and general $179,584

  • 22 · Depreciation, depletion and amortization

    total $1,299,628 · program services $1,293,981 · management and general $5,647

  • 23 · Insurance

    total $554,674 · program services $261,771 · management and general $292,903

  • 24a · Other expenses: SUPPORT SERVICES

    total $1,766,649 · program services $1,757,779 · management and general $8,870

  • 24b · Other expenses: PAYMENT TO SUBRECIPIENT

    total $951,185 · program services $951,185

  • 24c · Other expenses: CREDIT LOSS

    total $863,221 · program services $862,850 · management and general $371

  • 24d · Other expenses: FOOD

    total $426,394 · program services $426,394

  • 24e · All other expenses

    total $637,200 · program services $339,225 · management and general $297,975

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,034,938 · end of year $1,155,070

  • 2 · Savings and temporary cash investments

    beginning of year $123,930 · end of year $145,280

  • 3 · Pledges and grants receivable

    beginning of year $1,817,513 · end of year $2,739,325

  • 4 · Accounts receivable

    beginning of year $2,541,455 · end of year $1,518,637

  • 7 · Other notes and loans receivable

    beginning of year $1,931,556 · end of year $1,390,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $131,747 · end of year $172,077

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

    $40,681,192

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

    $16,144,777

  • 10c · Land, buildings and equipment, net

    beginning of year $19,403,136 · end of year $24,536,415

  • 12 · Investments: other securities

    beginning of year $4,172,903 · end of year $4,307,802

  • 14 · Intangible assets

    beginning of year $110,497 · end of year $98,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,306,179 · end of year $1,734,883

  • 19 · Deferred revenue

    beginning of year $1,508,954 · end of year $607,717

  • 23 · Secured mortgages and notes payable

    beginning of year $9,554,529 · end of year $13,696,337

  • 24 · Unsecured notes and loans payable

    beginning of year $2,250,000 · end of year $2,342,905

  • 25 · Other liabilities

    beginning of year $417,598 · end of year $337,082

  • 27 · Net assets without donor restrictions

    beginning of year $16,110,415 · end of year $17,078,820

  • 28 · Net assets with donor restrictions

    beginning of year $120,000 · end of year $265,500

Mission and programs · 2023

Mission

TO PROVIDE HOUSING AND SERVICES TO QUALIFIED INDIVIDUALS.

  • WEBSTER HOUSE - PROVIDES EMERGENCY OVERNIGHT SHELTER FOR RESIDENTS OF DUTCHESS COUNTY.

    Expenses $2,982,350

  • RIVERHAVEN- PROVIDES COUNSELING FOR RUNAWAY YOUTHS. THE PROGRAM ALSO OPERATES AN EMERGENCY SHELTER AND TRANSITIONAL LIVING PROGRAM.

    Expenses $908,799

  • HILLCREST - PROVIDES HOUSING FOR QUALIFIED INDIVIDUALS. THIS PROGRAM CONSISTS OF A 56 UNIT LOW RENT HOUSING PROJECT.

    Expenses $1,562,575

  • PROGRAM EXPENSES HUDSON RIVER LODGING - 2,595,275 REAL ESTATE DEVELOPMENT AND MANAGEMENT - 5,253,332 MAYBROOK - 328,498 PERMANENT HOUSING - 3,935,480 NPC - 112,175 NEIGHBORWORKS - 46,333 FISH STREET - 42,966 HARLOW PROPERTIES -146,894 GARDEN STREET - 190,108 TOTAL OTHER PROGRAM EXPENSES - 12,651,061 PROGRAM REVENUES HUDSON RIVER LODGING - REAL ESTATE DEVELOPMENT AND MANAGEMENT - MAYBROOK - 495,350 PERMANENT HOUSING - NPC - NEIGHBORWORKS - FISH STREET - HARLOW PROPERTIES - 88,896 GARDEN STREET - 318,821 OTHER PROGRAM REVENUE - 4,909,594 TOTAL OTHER PROGRAM REVENUES - 5,812,661

    Expenses $12,651,060 · Revenue $5,812,661

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christa Hines

    PRESIDENT/CE

    Total calculated
    $196,869
    From this org
    $167,541
    From related orgs
    $0
    Other
    $29,328
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $167,541
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,612
    Nontaxable benefits
    $22,716
    Filer's total
    $196,869

  • Lewis Rucker

    CFO

    Total calculated
    $26,265
    From this org
    $24,009
    From related orgs
    $0
    Other
    $2,256
    Hours/week
    40 + 1 related

  • Emily Dozier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Janet J Kiyan

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3

  • Michael Schreiber

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Dwayne Douglas

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Susan Fortunato

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Lorna Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • William Carroll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jeff Kosmacher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Tim McQueen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Isis Benitez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Robert Canadilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Carisma Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jannera Cruz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Daria Hanssen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Norma Vizcarondo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Sarah Diesing

    RESIGNED AUG

    Total calculated
    $109,029
    From this org
    $89,571
    From related orgs
    $0
    Other
    $19,458
    Hours/week
    40

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

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.

Disregarded entities

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

  • MAYBROOK GARDENS LLC

    RENTAL · NY · income $495,350 · assets $2,169,426

    Directly controlled by HUDSON RIV

  • GARDEN STREET LP

    RENTAL · NY · income $318,821 · assets $4,332,931

    Directly controlled by HUDSON RIV

  • HARLOW PROPERTIES LP

    RENTAL · NY · income $88,896 · assets $1,149,361

    Directly controlled by HUDSON RIV

  • 291 MILL STREET LP

    RENTAL · NY · income $45,969 · assets $471,844

    Directly controlled by HUDSON RIV

  • MILL STREET DEVELOPMENT LP

    RENTAL · NY · assets $332,651

    Directly controlled by HUDSON RIV

  • NORTH CHERRY HDFC INC

    RENTAL · NY · income $972,693 · assets $4,771,801

    Directly controlled by HUDSON RIV

  • WINDOWS ON MAIN

    RENTAL · NY · income $138,611 · assets $1,752,910

    Directly controlled by HUDSON RIV

  • CONIFER STONE LEDGE LLC

    RENTAL · NY · income $97,252 · assets $4,102,534

    Directly controlled by HUDSON RIV

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403209349319235

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