Form 990 for tax year 2022
Filed by LIBERTY GOLDEN AGE HOUSING DEVELOPMENT FUND COMPANY INC.
Totals
- Total revenue
- $908,577
- Total expenses
- $1,013,947
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $908,163
- Investment income
- $414
- Other revenue
- $0
- Total assets, end of year
- $2,994,745
- Total liabilities, end of year
- $4,594,967
- Net assets or fund balances, end of year
- -$1,600,222
- Program services expenses (Part IX)
- $878,994
- Management and general expenses
- $134,953
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $878,994
Program services were 86.7% 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: RENT REVENUE
total $894,363 · related or exempt $894,363
-
2b · Program service revenue: LAUNDRY AND VENDING RE
total $8,787 · related or exempt $8,787
-
2c · Program service revenue: SPECIAL CLAIMS REVENUE
total $2,519 · related or exempt $2,519
-
2d · Program service revenue: TENANT CHARGES
total $2,201 · related or exempt $2,201
-
2e · Program service revenue: EXCESS RENT
total $242 · related or exempt $242
-
2f · All other program service revenue
total $51 · related or exempt $51
-
3 · Investment income
total $414 · excluded $414
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $151,170 · program services $151,170
-
9 · Other employee benefits
total $33,412 · program services $33,412
-
11a · Fees: management
total $65,502 · management and general $65,502
-
11b · Fees: legal
total $7,206 · management and general $7,206
-
11c · Fees: accounting
total $23,580 · management and general $23,580
-
12 · Advertising and promotion
total $1,675 · program services $1,675
-
13 · Office expenses
total $29,104 · management and general $29,104
-
19 · Conferences, conventions and meetings
total $735 · management and general $735
-
20 · Interest
total $132,190 · program services $132,190
-
22 · Depreciation, depletion and amortization
total $104,083 · program services $104,083
-
23 · Insurance
total $51,408 · program services $51,408
-
24a · Other expenses: SUPPLIES AND CONTRACTS
total $125,033 · program services $125,033
-
24b · Other expenses: UTILITIES
total $119,352 · program services $119,352
-
24c · Other expenses: UNALLOCATED PAYMENTS
total $84,750 · program services $84,750
-
24d · Other expenses: REAL ESTATE TAXES
total $43,050 · program services $43,050
-
24e · All other expenses
total $41,697 · program services $32,871 · management and general $8,826
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $96,171 · end of year $17,901
-
4 · Accounts receivable
beginning of year $4,598 · end of year $618
-
9 · Prepaid expenses and deferred charges
beginning of year $16,374 · end of year $7,621
-
10a · Land, buildings and equipment: cost or other basis
$4,640,254
-
10b · Land, buildings and equipment: accumulated depreciation
$2,253,473
-
10c · Land, buildings and equipment, net
beginning of year $2,490,864 · end of year $2,386,781
-
15 · Other assets
beginning of year $520,374 · end of year $581,824
-
17 · Accounts payable and accrued expenses
beginning of year $11,473 · end of year $65,535
-
19 · Deferred revenue
beginning of year $25 · end of year $992
-
23 · Secured mortgages and notes payable
beginning of year $4,574,666 · end of year $4,491,763
-
25 · Other liabilities
beginning of year $37,069 · end of year $36,677
-
27 · Net assets without donor restrictions
beginning of year -$1,494,852 · end of year -$1,600,222
Mission and programs · 2022
Mission
LIBERTY GOLDEN AGE HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT FOR PROFIT CORPORATION FORMED TO OPERATE A 100 UNIT MULTIFAMILY HOUSING PROJECT FOR LOW AND MODERATE INCOME SENIOR RESIDENTS LOCATED AT 33 MECHANIC STREET IN THE CITY OF NORWICH, NEW YORK.
Activities or mission (Part I)
RENTAL OF LOW INCOME APARTMENTS.
-
RENTAL OF LOW INCOME APARTMENTS.
Expenses $878,994 · Revenue $908,163
As filed on the 2022 return.
Listed in Part VII
-
David CarelloDAVID CARELLO
SR VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John F BuffaJOHN F BUFFA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David CollisDAVID COLLIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Patricia CaprioPATRICIA CAPRIO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Donald DavidsonDONALD DAVIDSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Timothy BirnieTIMOTHY BIRNIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Frederick GriffinFREDERICK GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cindy LafountainCINDY LAFOUNTAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Matthew NimeyMATTHEW NIMEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert RyanROBERT RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rev Msgr Walter MadejREV MSGR WALTER MADEJ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mary RhoadesMARY RHOADES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Richard SanbornRICHARD SANBORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Christina SanfilippoCHRISTINA SANFILIPPO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311319349302576
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