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← SEVENTEENTH STREET HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SEVENTEENTH STREET HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$339,735
Total expenses
$403,840
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$329,681
Investment income
$6,967
Other revenue
$3,087
Total assets, end of year
$3,041,766
Total liabilities, end of year
$3,496,039
Net assets or fund balances, end of year
-$454,273
Program services expenses (Part IX)
$377,076
Management and general expenses
$26,764
Fundraising expenses
$0
Program service expenses (Part III)
$377,076

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PERRY J PERLMUTTER

    PRESIDENT & CEO

    Total calculated
    $517,296
    From this org
    $0
    From related orgs
    $454,276
    Other
    $63,020
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,276 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $24,620 related
    Filer's total
    $0 + $517,296 related

  • ARLO M CHASE

    SECRETARY

    Total calculated
    $367,393
    From this org
    $0
    From related orgs
    $315,097
    Other
    $52,296
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,097 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,538 related
    Nontaxable benefits
    $0 + $35,758 related
    Filer's total
    $0 + $367,393 related

  • DOUGLAS WALERSTEIN

    TREASURER

    Total calculated
    $299,565
    From this org
    $0
    From related orgs
    $276,013
    Other
    $23,552
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,013 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,552 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $299,565 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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:
SERVICES FOR THE UNDERSERVED, INC. (EIN: 91-1918247), A 501(C)(3) AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. SERVICES FOR THE UNDERSERVED, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B:
THE FOLLOWING EMPLOYEE OF THE ORGANIZATION IS A PARTICIPANT IN A SECTION 457(F) PLAN. THE AMOUNT EARNED DURING THE YEAR WAS: PERRY PERLMUTTER...................$ 6,000

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202501269349301250

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