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← NCS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2022

Filed by NCS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$698,163
Total expenses
$1,320,598
Contributions and grants received
$506,329
Grants paid
$759,768
Program service revenue
$191,064
Investment income
$0
Other revenue
$770
Total assets, end of year
$2,105,643
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,105,643
Program services expenses (Part IX)
$1,320,598
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,320,598

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $506,329

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $191,064 · related or exempt $191,064

  • 11a · Other revenue: MISCELLANEOUS

    total $770 · related or exempt $770

  • 11e · Other revenue, total

    $770

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $759,768 · program services $759,768

  • 7 · Other salaries and wages

    total $244,192 · program services $244,192

  • 9 · Other employee benefits

    total $33,899 · program services $33,899

  • 10 · Payroll taxes

    total $21,281 · program services $21,281

  • 11g · Fees: other

    total $32,547 · program services $32,547

  • 13 · Office expenses

    total $10,858 · program services $10,858

  • 16 · Occupancy

    total $46,577 · program services $46,577

  • 17 · Travel

    total $225 · program services $225

  • 22 · Depreciation, depletion and amortization

    total $153,776 · program services $153,776

  • 23 · Insurance

    total $609 · program services $609

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $15,109 · program services $15,109

  • 24b · Other expenses: STAFF RELATED EXPENSE

    total $1,297 · program services $1,297

  • 24c · Other expenses: EQUIPMENT

    total $286 · program services $286

  • 24d · Other expenses: MISC EXPENSES

    total $174 · program services $174

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,650 · end of year $108,080

  • 4 · Accounts receivable

    beginning of year $15,109 · end of year $5,002

  • 9 · Prepaid expenses and deferred charges

    end of year $35,233

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

    $4,947,930

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

    $2,990,602

  • 10c · Land, buildings and equipment, net

    beginning of year $2,108,873 · end of year $1,957,328

  • 27 · Net assets without donor restrictions

    beginning of year $2,215,632 · end of year $2,105,643

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF OWNERSHIP, OPERATION, DEVELOPMENT AND DISPOSITION, ON A NON-PROFIT BASIS, OF HOUSING FOR PERSONS OF LOW INCOME WHO ARE OTHERWISE HOMELESS PERSONS.

  • RESIDENCE PROGRAM: THE ORGANIZATION OPERATES HOUSING FOR SINGLE ADULT HOMELESS AND LOW-INCOME HOUSING NEEDY INDIVIDUALS RESIDING AT THE 65-UNIT NCS RESIDENCE (211 EAST 81ST STREET). RESIDENTS ARE REFERRED BY THE NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES FROM HOMELESS SHELTERS AND TRANSITIONAL HOUSING PROGRAMS THROUGHOUT THE CITY AND FROM NCS' OWN PROGRAMS FOR HOMELESS PEOPLE. PROGRAM SUPPORTIVE HOUSING SERVICES AT THE RESIDENCE ARE DESIGNED TO PROMOTE STABILITY AND INDEPENDENT LIVING IN THE COMMUNITY.

    Expenses $1,320,598 · Grants $759,768 · Revenue $191,834

As filed on the 2022 return.

Listed in Part VII

  • Ann Shalof

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $208,846
    From this org
    $0
    From related orgs
    $165,086
    Other
    $43,760
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,086 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,400 related
    Nontaxable benefits
    $0 + $38,360 related
    Filer's total
    $0 + $208,846 related

  • Jan Golann

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • Stephanie Guest

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • Pearl Chin

    CHIEF FINANCIAL OFFICER

    Total calculated
    $142,361
    From this org
    $0
    From related orgs
    $127,755
    Other
    $14,606
    Hours/week
    2 + 35 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

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

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.

  • LOUIS NINE LP

    ORGANIZED EXCLUSIVELY TO FURTHER THE CHARITABLE PURPOSES OF LOUIS NINE HDFC · NY

Related corporations and trusts

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

  • LOUIS NINE GP INC

    C · ACTS AS THE GP AND MANAGES THE BUSINESS AND AFFAIRS OF LOUIS NINE LP. · NY

Provenance

Return type
form_990
Tax year
2022
Filed
16 April 2024
IRS schema version
2022v5.0
Source object
202441089349300629

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