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Nonprofiteer
← BRADSTREET COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2022

Filed by BRADSTREET COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$35,630
Total expenses
$93,359
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,488
Investment income
$1,142
Other revenue
$0
Total assets, end of year
$420,228
Total liabilities, end of year
$858,763
Net assets or fund balances, end of year
-$438,535
Program services expenses (Part IX)
$75,417
Management and general expenses
$17,942
Fundraising expenses
$0
Program service expenses (Part III)
$75,417

Program services were 80.8% 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.

  • 2a · Program service revenue: RENTAL FEES

    total $34,488 · related or exempt $34,488

  • 3 · Investment income

    total $1,142 · excluded $1,142

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,388 · management and general $3,388

  • 11c · Fees: accounting

    total $12,532 · management and general $12,532

  • 11g · Fees: other

    total $13,908 · program services $12,405 · management and general $1,503

  • 16 · Occupancy

    total $46,329 · program services $46,329

  • 22 · Depreciation, depletion and amortization

    total $16,683 · program services $16,683

  • 24a · Other expenses: MISC EXPENSES

    total $519 · management and general $519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $784 · end of year $689

  • 2 · Savings and temporary cash investments

    beginning of year $36,852 · end of year $39,760

  • 4 · Accounts receivable

    beginning of year $274 · end of year $190

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

    $711,157

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

    $331,568

  • 10c · Land, buildings and equipment, net

    beginning of year $396,272 · end of year $379,589

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,069 · end of year $2,374

  • 23 · Secured mortgages and notes payable

    beginning of year $712,208 · end of year $712,208

  • 25 · Other liabilities

    beginning of year $95,711 · end of year $144,181

  • 27 · Net assets without donor restrictions

    beginning of year -$380,806 · end of year -$438,535

Mission and programs · 2022

Mission

PROVIDES LOW-INCOME RESIDENTIAL HOUSING.

  • THE AGENCY OPERATES FOUR UNITS OF LOW INCOME RESIDENTIAL HOUSING.

    Expenses $75,417 · Revenue $34,488

As filed on the 2022 return.

Listed in Part VII

  • Deborah Wayne

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Charlotte Nunez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Renee Caso Griffin

    CLERK

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Jackie K Moore

    CEO (UNTIL 9/30/22)

    Total calculated
    $310,587
    From this org
    $0
    From related orgs
    $305,996
    Other
    $4,591
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,531 related
    Bonus
    $0 + $68,000 related
    Other
    $0 + $69,465 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,591 related
    Filer's total
    $0 + $310,587 related

  • Kim Joyce

    CHIEF FINANCIAL OFFICER

    Total calculated
    $170,909
    From this org
    $0
    From related orgs
    $162,297
    Other
    $8,612
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,497 related
    Bonus
    $0 + $6,800 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,612 related
    Filer's total
    $0 + $170,909 related

  • Damien Cabezas

    CEO

    Total calculated
    $202,813
    From this org
    $0
    From related orgs
    $183,531
    Other
    $19,282
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,731 related
    Bonus
    $0 + $1,800 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,282 related
    Filer's total
    $0 + $202,813 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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
COMPENSATION IS PAID BY RELATED ORGANIZATION NORTH SUFFOLK COMMUNITY SERVICES, INC. (NSCS). NSCS'S BOARD COMPENSATION COMMITTEE REVIEWS THE CEO SALARY USING THE FOLLOWING PROCEDURE AND THE CEO USES THE SAME PROCEDURE TO DETERMINE KEY EMPLOYEES' COMPENSATION: 1) THE COMMITTEE REVIEWS WRITTEN EVALUATION, REVIEWS GOALS AND OBJECTIVES, AND MEASURES FINANCIAL GOALS AGAINST FINAL RESULTS. 2) THE COMMITTEE REVIEWS SALARIES OF SIMILAR AGENCIES WITHIN THE SAME INDUSTRY AND MAKES SALARY DECISIONS WITH CONSIDERATION FOR THE AGENCY'S OVERALL ECONOMIC AND COMPETITIVE POSITION. 3) THE BOARD VOTES FINAL COMPENSATION PACKAGE.
PART I, LINE 4A
JACKIE MOORE, FORMER CEO, RECEIVED SEVERANCE PAYMENTS TOTALING $69,465 DURING CALENDAR YEAR 2022 FROM RELATED ORGANIZATION, NORTH SUFFOLK COMMUNITY SERVICES, 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.

Provenance

Return type
form_990
Tax year
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202312929349300126

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