Form 990 for tax year 2024
Filed by ALLIANCE APARTMENTS HOUSING DEVELOPMENT FUND CO INC.
Totals
- Total revenue
- $1,087,395
- Total expenses
- $1,537,995
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,077,120
- Investment income
- $9,723
- Other revenue
- $552
- Total assets, end of year
- $1,802,309
- Total liabilities, end of year
- $6,728,269
- Net assets or fund balances, end of year
- -$4,925,960
- Program services expenses (Part IX)
- $1,357,847
- Management and general expenses
- $180,148
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,357,847
Program services were 88.3% 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.
-
2a · Program service revenue: RENTAL INCOME
total $1,077,120 · related or exempt $1,077,120
-
3 · Investment income
total $9,723 · excluded $9,723
-
11a · Other revenue: UTILITY REIMBURSEMENT
total $539 · related or exempt $539
-
11b · Other revenue: SECURITY DEPOSITS
total $8 · related or exempt $8
-
11c · Other revenue: LAUNDRY AND VENDING
total $5 · excluded $5
-
11e · Other revenue, total
$552
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $151,611 · program services $118,915 · management and general $32,696
-
9 · Other employee benefits
total $19,279 · program services $19,279
-
10 · Payroll taxes
total $10,194 · program services $10,194
-
11a · Fees: management
total $55,589 · management and general $55,589
-
11g · Fees: other
total $372,510 · program services $328,837 · management and general $43,673
-
13 · Office expenses
total $24,022 · program services $475 · management and general $23,547
-
16 · Occupancy
total $317,727 · program services $317,727
-
22 · Depreciation, depletion and amortization
total $311,456 · program services $311,456
-
23 · Insurance
total $153,961 · program services $153,961
-
24a · Other expenses: VACANCIES
total $52,625 · program services $52,625
-
24b · Other expenses: BAD DEBT EXPENSE
total $24,643 · management and general $24,643
-
24c · Other expenses: OPERATING & MAINTENANCE
total $22,724 · program services $22,724
-
24d · Other expenses: SUPPLIES
total $18,067 · program services $18,067
-
24e · All other expenses
total $3,587 · program services $3,587
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,348 · end of year $68,594
-
2 · Savings and temporary cash investments
beginning of year $147,535 · end of year $163,698
-
4 · Accounts receivable
beginning of year $24,884 · end of year $15,547
-
9 · Prepaid expenses and deferred charges
beginning of year $165 · end of year $970
-
10a · Land, buildings and equipment: cost or other basis
$7,593,267
-
10b · Land, buildings and equipment: accumulated depreciation
$6,166,168
-
10c · Land, buildings and equipment, net
beginning of year $1,644,549 · end of year $1,427,099
-
15 · Other assets
beginning of year $133,103 · end of year $126,401
-
17 · Accounts payable and accrued expenses
beginning of year $282,349 · end of year $353,035
-
19 · Deferred revenue
beginning of year $8,269 · end of year $6,642
-
23 · Secured mortgages and notes payable
beginning of year $6,014,200 · end of year $6,014,200
-
25 · Other liabilities
beginning of year $159,442 · end of year $354,392
-
27 · Net assets without donor restrictions
beginning of year -$4,471,676 · end of year -$4,925,960
Mission and programs · 2024
Mission
TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY - 51 APARTMENTS LOCATED AT THE HARRY AND JEANETTE WEINBERG APARTMENTS 174-180 AVENUE A, NEW YORK, NY 10009.
Activities or mission (Part I)
TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY.
-
TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY - 51 APARTMENTS AT THE HARRY AND JEANETTE WEINBERG APARTMENTS, 174-178 AVENUE A, NEW YORK, NY 10009.
Expenses $1,357,847 · Revenue $1,077,667
As filed on the 2024 return.
Listed in Part VII
-
Anya HoerburgerANYA HOERBURGER
VICE PRESIDENT
- Total calculated
- $283,068
- From this org
- $0
- From related orgs
- $250,479
- Other
- $32,589
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $250,086 related
- Bonus
- $0
- Other
- $0 + $393 related
- Deferred
- $0 + $8,037 related
- Nontaxable benefits
- $0 + $24,552 related
- Filer's total
- $0 + $283,068 related
-
Benjamin WeissBENJAMIN WEISS
TRUSTEE
- Total calculated
- $154,950
- From this org
- $0
- From related orgs
- $135,402
- Other
- $19,548
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $135,288 related
- Bonus
- $0
- Other
- $0 + $114 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $19,548 related
- Filer's total
- $0 + $154,950 related
-
Jill OlonoffJILL OLONOFF
TRUSTEE
- Total calculated
- $235,174
- From this org
- $0
- From related orgs
- $177,838
- Other
- $57,336
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $175,587 related
- Bonus
- $0
- Other
- $0 + $2,251 related
- Deferred
- $0 + $5,952 related
- Nontaxable benefits
- $0 + $51,384 related
- Filer's total
- $0 + $235,174 related
-
Mark EnselmanMARK ENSELMAN
SECRETARY/CFO
- Total calculated
- $244,587
- From this org
- $0
- From related orgs
- $236,073
- Other
- $8,514
- Hours/week
- 2.1 + 37.9 related
Schedule J breakdown matched by us
- Base
- $0 + $233,157 related
- Bonus
- $0
- Other
- $0 + $2,916 related
- Deferred
- $0 + $7,248 related
- Nontaxable benefits
- $0 + $1,266 related
- Filer's total
- $0 + $244,587 related
-
Molly MurphyMOLLY MURPHY
ASSISTANT SECRETARY
- Total calculated
- $261,472
- From this org
- $0
- From related orgs
- $259,472
- Other
- $2,000
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $258,781 related
- Bonus
- $0
- Other
- $0 + $691 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $2,000 related
- Filer's total
- $0 + $261,472 related
-
Richard BaumRICHARD BAUM
PRESIDENT
- Total calculated
- $485,075
- From this org
- $0
- From related orgs
- $471,731
- Other
- $13,344
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $469,195 related
- Bonus
- $0
- Other
- $0 + $2,536 related
- Deferred
- $0 + $13,344 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $485,075 related
-
Samuel RosenblattSAMUEL ROSENBLATT
TREASURER
- Total calculated
- $0
- Hours/week
- 1.1 + 2.1 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
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE RELATED ENTITY, THE EDUCATIONAL ALLIANCE, INC.
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.
-
501(C)(3) · SOCIAL SERVICES · NY
-
ALLIANCE HOLDINGS INC
501(C)(3) · AFFORDABLE HOUSING · NY
Directly controlled by THE EDUCATIONAL ALLIANCE
-
501(C)(3) · AFFORDABLE HOUSING · NY
Directly controlled by THE EDUCATIONAL ALLIANCE
-
ALLIANCE HENRY HOUSING DEVELOPMENT FUND CORPORATION
501(C)(3) · AFFORDABLE HOUSING · NY
Directly controlled by ALLIANCE HOLDINGS INC
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
179 HENRY OWNER LLC
AFFORDABLE HOUSING · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621319349304057
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