Totals
- Total revenue
- $930,076
- Total expenses
- $770,077
- Contributions and grants received
- $269,000
- Grants paid
- $0
- Program service revenue
- $660,000
- Investment income
- $1,076
- Other revenue
- $0
- Total assets, end of year
- $3,558,992
- Total liabilities, end of year
- $2,505,882
- Net assets or fund balances, end of year
- $1,053,110
- Program services expenses (Part IX)
- $760,735
- Management and general expenses
- $9,342
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $760,735
Program services were 98.8% 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.
-
1f · All other contributions, gifts and grants
$269,000
-
2a · Program service revenue: Sale of Homes
total $660,000 · related or exempt $660,000
-
3 · Investment income
total $1,076 · excluded $1,076
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $395 · management and general $395
-
11c · Fees: accounting
total $1,800 · management and general $1,800
-
12 · Advertising and promotion
total $3,084 · program services $3,084
-
13 · Office expenses
total $4,015 · management and general $4,015
-
20 · Interest
total $86,175 · program services $86,175
-
23 · Insurance
total $33,036 · program services $30,477 · management and general $2,559
-
24a · Other expenses: Cost of Construction -
total $628,036 · program services $628,036
-
24b · Other expenses: Licenses & Fees
total $6,619 · program services $6,619
-
24c · Other expenses: Bank Service Charges
total $5,727 · program services $5,154 · management and general $573
-
24d · Other expenses: Real Estate Taxes
total $1,190 · program services $1,190
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $197,796 · end of year $90,447
-
2 · Savings and temporary cash investments
beginning of year $481 · end of year $102,447
-
15 · Other assets
beginning of year $1,425,543 · end of year $3,366,098
-
22 · Loans and payables to officers and key people
beginning of year $1,000 · end of year $1,000
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $150,000
-
25 · Other liabilities
beginning of year $580,597 · end of year $2,354,882
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $892,223 · end of year $1,053,110
Mission and programs · 2023
Mission
To construct affordable energy efficient housing for purchase by essential workers in the Village of Lake Placid, New York and the town of North Elba, New York in order to preserve a community lifestyle in an otherwise transient environment.
-
Purchase of vacant land, completion of engineering design, site preparation, and begin construction of affordable housing complex in Lake Placid and North Elba.
Expenses $760,735 · Revenue $660,000
As filed on the 2023 return.
Listed in Part VII
-
Stephen Sama
President
- Total calculated
- $0
- Hours/week
- 5
-
John B Huttlinger jr
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Whit Bissell
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Rogers
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Maja Giambalvo
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Emily Kilburn Politi
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Timothy Seymour
Trustee
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423179349309107
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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