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Nonprofiteer
← MARKHAM GARDENS MANOR HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by MARKHAM GARDENS MANOR HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,229,564
Total expenses
$1,487,586
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,182,187
Investment income
$40,129
Other revenue
$7,248
Total assets, end of year
$14,254,835
Total liabilities, end of year
$5,123,238
Net assets or fund balances, end of year
$9,131,597
Program services expenses (Part IX)
$1,310,329
Management and general expenses
$177,257
Fundraising expenses
$0
Program service expenses (Part III)
$1,310,329

Program services were 88.1% 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: TENANT ASSISTANCE PAYM

    total $906,662 · related or exempt $906,662

  • 2b · Program service revenue: TENANT RENT PAYMENTS

    total $275,525 · related or exempt $275,525

  • 3 · Investment income

    total $40,129 · excluded $40,129

  • 11a · Other revenue: MISC INCOME

    total $5,328 · excluded $5,328

  • 11b · Other revenue: LAUNDRY

    total $1,920 · excluded $1,920

  • 11e · Other revenue, total

    $7,248

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $147,466 · program services $125,366 · management and general $22,100

  • 9 · Other employee benefits

    total $14,761 · program services $14,761

  • 10 · Payroll taxes

    total $5,852 · program services $5,852

  • 11a · Fees: management

    total $103,245 · management and general $103,245

  • 11c · Fees: accounting

    total $21,000 · management and general $21,000

  • 13 · Office expenses

    total $10,107 · management and general $10,107

  • 16 · Occupancy

    total $151,538 · program services $151,538

  • 22 · Depreciation, depletion and amortization

    total $457,497 · program services $457,497

  • 23 · Insurance

    total $52,933 · program services $52,933

  • 24a · Other expenses: SECURITY

    total $189,047 · program services $189,047

  • 24b · Other expenses: REAL ESTATE TAXES

    total $187,065 · program services $187,065

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $105,962 · program services $105,962

  • 24d · Other expenses: BOOKKEEPING

    total $20,183 · management and general $20,183

  • 24e · All other expenses

    total $20,930 · program services $20,308 · management and general $622

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,203 · end of year $36,036

  • 4 · Accounts receivable

    beginning of year $16,718 · end of year $18,555

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,730 · end of year $165,043

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

    $17,687,667

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

    $4,734,349

  • 10c · Land, buildings and equipment, net

    beginning of year $13,386,979 · end of year $12,953,318

  • 15 · Other assets

    beginning of year $908,918 · end of year $1,081,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,296 · end of year $177,785

  • 19 · Deferred revenue

    beginning of year $3,567 · end of year $2,332

  • 23 · Secured mortgages and notes payable

    beginning of year $4,919,031 · end of year $4,919,031

  • 25 · Other liabilities

    beginning of year $24,035 · end of year $24,090

  • 27 · Net assets without donor restrictions

    beginning of year $9,389,619 · end of year $9,131,597

Mission and programs · 2023

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO THE POOR ELDERLY ON A NONPROFIT BASIS.

Activities or mission (Part I)

OWN AND OPERATE A HUD-FINANCED MULTIFAMILY PROJECT FOR THE ELDERLY ON A NONPROFIT BASIS.

  • THE ORGANIZATION OWNS AND OPERATES A SECTION 202 HUD FINANCED MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY. THE PROJECT CONSISTS OF 80 UNITS.

    Expenses $1,310,329 · Revenue $1,182,187

As filed on the 2023 return.

Listed in Part VII

  • BRIAN F DORAN ESQ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DIANNE POWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SR DOMINICA ROCCHIO SC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DR PANKAJ PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SR EILEEN WALSH SC RN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • SR SHIELA BROSNAN SC

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOAN CATALANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KATHERINE CONNORS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • TARA FRENCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GERARD VILLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DANA WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MATTHEW JANECZKO

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    5 + 30 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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2024
IRS schema version
2023v5.0
Source object
202421229349301882

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