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← MASSACHUSETTS AVENUE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by MASSACHUSETTS AVENUE HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$56,194
Total expenses
$122,472
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$49,418
Investment income
$0
Other revenue
$6,776
Total assets, end of year
$1,514,846
Total liabilities, end of year
$1,394,877
Net assets or fund balances, end of year
$119,969
Program services expenses (Part IX)
$122,472
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$122,472

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.

  • 2a · Program service revenue: RENTAL INCOME

    total $49,418 · related or exempt $49,418

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $6,776 · related or exempt $6,776

  • 11e · Other revenue, total

    $6,776

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,850 · program services $5,850

  • 11c · Fees: accounting

    total $18,425 · program services $18,425

  • 11g · Fees: other

    total $27,309 · program services $27,309

  • 13 · Office expenses

    total $304 · program services $304

  • 22 · Depreciation, depletion and amortization

    total $50,565 · program services $50,565

  • 23 · Insurance

    total $6,630 · program services $6,630

  • 24a · Other expenses: UTILITIES

    total $11,219 · program services $11,219

  • 24b · Other expenses: PROPERTY TAXES

    total $2,170 · program services $2,170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,135 · end of year $7,328

  • 4 · Accounts receivable

    beginning of year $1,791 · end of year $449

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,071 · end of year $2,082

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

    $2,075,309

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

    $720,191

  • 10c · Land, buildings and equipment, net

    beginning of year $1,405,683 · end of year $1,355,118

  • 15 · Other assets

    beginning of year $140,786 · end of year $149,869

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,589 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,375,000 · end of year $1,375,000

  • 25 · Other liabilities

    beginning of year $5,630 · end of year $19,877

  • 27 · Net assets without donor restrictions

    beginning of year $186,247 · end of year $119,969

Mission and programs · 2024

Mission

TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, AS DEFINED IN SECTION 2 OF PRIVATE HOUSING FINANCE LAW, WHICH HOUSING ACCOMODATIONS SHALL BE SITUATED AND LOCATED AT/OR NEAR MASSACHUSETTS AVENUE, CITY OF BUFFALO, NEW YORK.

  • THE ORGANIZATION PROVIDED 11 RESIDENTIAL UNITS FOR PERSONS AND FAMILIES OF LOW INCOME, AS DEFINED IN SECTION 2 OF PRIVATE HOUSING FINANCE LAW IN THREE SEPARATE BUILDINGS LOCATED NEAR MASSACHUSETTS AVENUE, CITY OF BUFFALO, NEW YORK.

    Expenses $122,472 · Revenue $56,194

As filed on the 2024 return.

Listed in Part VII

  • Robert Jahnke

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ramone Alexander

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jim Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Wells-Clyburn

    EXECUTIVE DIRECTOR

    Total calculated
    $87,988
    From this org
    $0
    From related orgs
    $87,988
    Other
    $0
    Hours/week
    2 + 40 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.

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.

  • S77 LLC

    N/A · REAL ESTATE RENTAL · NY

  • WEST SIDE HOMES LLC

    N/A · REAL ESTATE RENTAL · NY

Related corporations and trusts

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

  • S77 MM LLC

    C · REAL ESTATE RENTAL · NY

  • PUSH GRO INC

    C · COMPOST & FLORA · NY

  • WS HOMES MM LLC

    C · REAL ESTATE RENTAL · NY

Provenance

Return type
form_990
Tax year
2024
Filed
20 May 2025
IRS schema version
2024v5.1
Source object
202501409349300205

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