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Nonprofiteer
← BOROUGH PARK HOUSING CORPORATION

Form 990 for tax year 2022

Filed by BOROUGH PARK HOUSING CORPORATION.

Totals

Total revenue
$132,995
Total expenses
$383,557
Contributions and grants received
$119,000
Grants paid
$333,500
Program service revenue
$0
Investment income
$13,995
Other revenue
$0
Total assets, end of year
$714,497
Total liabilities, end of year
$167,666
Net assets or fund balances, end of year
$546,831
Program services expenses (Part IX)
$339,037
Management and general expenses
$44,520
Fundraising expenses
$0
Program service expenses (Part III)
$339,037

Program services were 88.4% 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.

  • 1d · Related organizations

    $119,000

  • 3 · Investment income

    total $13,995 · excluded $13,995

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $333,500 · program services $333,500

  • 11c · Fees: accounting

    total $4,720 · management and general $4,720

  • 11g · Fees: other

    total $30,000 · management and general $30,000

  • 17 · Travel

    total $10,650 · program services $5,325 · management and general $5,325

  • 24a · Other expenses: ADMINISTRATIVE

    total $4,475 · management and general $4,475

  • 24b · Other expenses: MISCELLANEOUS

    total $112 · program services $112

  • 24c · Other expenses: FEES & PERMITS

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,630 · end of year $1,475

  • 2 · Savings and temporary cash investments

    beginning of year $485,944 · end of year $236,327

  • 7 · Other notes and loans receivable

    beginning of year $380,591 · end of year $380,591

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

    $49,875

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

    $49,875

  • 11 · Investments: publicly traded securities

    beginning of year $125,500 · end of year $96,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,876 · end of year $67,666

  • 23 · Secured mortgages and notes payable

    beginning of year $100,000 · end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $826,789 · end of year $546,831

Mission and programs · 2022

Mission

TO AID IN THE DEVELOPMENT, REHABILITATION AND PRESERVATION OF LOCAL HOUSING AND MAKE SUCH HOUSING AVAILABLE TO LOW AND MODERATE INCOME FAMILIES.

  • PROVIDING SERVICES WITH RESPECT TO OVERSEEING THE DEVELOPMENT OF MULTIFAMILY HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

    Expenses $339,037 · Grants $333,500

As filed on the 2022 return.

Listed in Part VII

  • Menachem Shayovich

    SECY/TREASUR

    Total calculated
    $0
    Hours/week
    3

  • David Singer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

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

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
11 June 2024
IRS schema version
2022v5.0
Source object
202441669349301514

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