Skip to content
Nonprofiteer
← FH HOMES HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by FH HOMES HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,795,060
Total expenses
$1,406,155
Contributions and grants received
$688,922
Grants paid
$0
Program service revenue
$1,102,476
Investment income
$2,342
Other revenue
$1,320
Total assets, end of year
$2,957,561
Total liabilities, end of year
$4,902,414
Net assets or fund balances, end of year
-$1,944,853
Program services expenses (Part IX)
$1,321,438
Management and general expenses
$84,717
Fundraising expenses
$0
Program service expenses (Part III)
$1,321,438

Program services were 94.0% 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)

    $688,922

  • 2a · Program service revenue: HUD SECTION 8

    total $847,956 · related or exempt $847,956 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: TENANTS PAYMENTS

    total $254,520 · related or exempt $254,520 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,342 · related or exempt $0 · unrelated business $0 · excluded $2,342

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,320 · related or exempt $0 · unrelated business $0 · excluded $1,320

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,320

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $47,241 · program services $47,241 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $76,639 · program services $76,639 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $84,717 · program services $0 · management and general $84,717 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $16,055 · program services $16,055 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $749,690 · program services $749,690 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $197,193 · program services $197,193 · management and general $0 · fundraising $0

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $93,124 · program services $93,124 · management and general $0 · fundraising $0

  • 24b · Other expenses: SUPPLIES

    total $75,478 · program services $75,478 · management and general $0 · fundraising $0

  • 24c · Other expenses: PERSONNEL & FRINGE EXPENSES PAID BY COMMON PAYMASTER

    total $46,024 · program services $46,024 · management and general $0 · fundraising $0

  • 24d · Other expenses: TAXES & LICENSES

    total $1,678 · program services $1,678 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $18,316 · program services $18,316 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,610 · end of year $57,309

  • 4 · Accounts receivable

    beginning of year $61,366 · end of year $1,911

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $142,197 · end of year $144,636

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

    $7,410,117

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

    $4,955,228

  • 10c · Land, buildings and equipment, net

    beginning of year $1,372,518 · end of year $2,454,889

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $515,363 · end of year $298,816

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,405 · end of year $155,558

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $4,229,291 · end of year $4,155,094

  • 25 · Other liabilities

    beginning of year $220,116 · end of year $591,762

  • 27 · Net assets without donor restrictions

    beginning of year -$2,333,758 · end of year -$1,944,853

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE HOUSING TO PEOPLE LIVING WITH MENTAL ILLNESS.

  • TO PROVIDE HOUSING FOR PEOPLE LIVING WITH MENTAL ILLNESS AND OPERATE A 20 UNIT APARTMENT FACILITY LOCATED AT 2264-66 AMSTERDAM AVENUE IN MANHATTAN, NEW YORK AND A 19-UNIT APARTMENT FACILITY LOCATED AT 441-445 WEST 47TH STREET IN MANHATTAN, NEW YORK.

    Expenses $1,321,438 · Revenue $1,102,476

As filed on the 2024 return.

Listed in Part VII

  • Alexandra A Herzan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Charles J Marsden

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • William S Hilburn

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Andrew Schonebaum

    CHIEF FINANCIAL OFFICER (THRU 08/2024)

    Total calculated
    $163,022
    From this org
    $0
    From related orgs
    $141,538
    Other
    $21,484
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,538 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,815 related
    Nontaxable benefits
    $0 + $1,669 related
    Filer's total
    $0 + $163,022 related

  • Kc Klegar

    CONTRACTED CHIEF FINANCIAL OFFICER (AS OF 08/2024)

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Kenneth Zimmerman

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $434,019
    From this org
    $0
    From related orgs
    $390,836
    Other
    $43,183
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,836 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,008 related
    Nontaxable benefits
    $0 + $27,175 related
    Filer's total
    $0 + $434,019 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE CEO OF THE REPORTING ORGANIZATION RECEIVES COMPENSATION FROM FOUNTAIN HOUSE, INC., A RELATED 501(C)(3) ORGANIZATION. FOUNTAIN HOUSE, INC. USES AN EXECUTIVE COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR EXECUTIVE COMMITTEE TO ESTABLISH THE COMPENSATION OF THE CEO.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543189349308014

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.