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← SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPORATION OF STUEBEN COUNTY

Form 990 for tax year 2023

Filed by SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPORATION OF STUEBEN COUNTY.

Totals

Total revenue
$570,031
Total expenses
$480,241
Contributions and grants received
$2,657
Grants paid
$0
Program service revenue
$559,524
Investment income
$7,061
Other revenue
$789
Total assets, end of year
$1,413,195
Total liabilities, end of year
$176,389
Net assets or fund balances, end of year
$1,236,806
Program services expenses (Part IX)
$284,388
Management and general expenses
$195,853
Fundraising expenses
$0
Program service expenses (Part III)
$284,388

Program services were 59.2% 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.

  • 1d · Related organizations

    $2,657

  • 2a · Program service revenue: TENANT ASSISTANCE PAYMENTS

    total $378,453 · related or exempt $378,453

  • 2b · Program service revenue: TENANT RENT

    total $179,834 · related or exempt $179,834

  • 2c · Program service revenue: SPECIAL CLAIMS

    total $1,237 · related or exempt $1,237

  • 3 · Investment income

    total $7,061 · excluded $7,061

  • 11a · Other revenue: TENANT CHARGES

    total $789 · related or exempt $789

  • 11e · Other revenue, total

    $789

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $110,176 · program services $59,998 · management and general $50,178

  • 8 · Pension plan contributions

    total $32,939 · program services $17,347 · management and general $15,592

  • 9 · Other employee benefits

    total $66,999 · program services $36,316 · management and general $30,683

  • 10 · Payroll taxes

    total $9,181 · program services $5,000 · management and general $4,181

  • 11a · Fees: management

    total $34,119 · program services $2,768 · management and general $31,351

  • 11b · Fees: legal

    total $521 · management and general $521

  • 11c · Fees: accounting

    total $11,041 · program services $5,731 · management and general $5,310

  • 11g · Fees: other

    total $53,516 · program services $38,961 · management and general $14,555

  • 12 · Advertising and promotion

    total $472 · program services $354 · management and general $118

  • 13 · Office expenses

    total $7,831 · program services $5,873 · management and general $1,958

  • 14 · Information technology

    total $6,179 · program services $4,634 · management and general $1,545

  • 16 · Occupancy

    total $60,075 · program services $45,057 · management and general $15,018

  • 19 · Conferences, conventions and meetings

    total $1,228 · program services $921 · management and general $307

  • 22 · Depreciation, depletion and amortization

    total $81,904 · program services $61,428 · management and general $20,476

  • 23 · Insurance

    total $4,060 · management and general $4,060

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,594 · end of year $511

  • 2 · Savings and temporary cash investments

    beginning of year $273,679 · end of year $403,254

  • 4 · Accounts receivable

    beginning of year $76,254 · end of year $77,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,670 · end of year $4,822

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

    $2,909,502

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

    $2,051,333

  • 10c · Land, buildings and equipment, net

    beginning of year $928,400 · end of year $858,169

  • 15 · Other assets

    beginning of year $67,515 · end of year $68,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,080 · end of year $23,306

  • 21 · Escrow or custodial account liability

    beginning of year $12,982 · end of year $14,998

  • 25 · Other liabilities

    beginning of year $202,034 · end of year $138,085

  • 27 · Net assets without donor restrictions

    beginning of year -$1,548,384 · end of year -$1,458,594

  • 28 · Net assets with donor restrictions

    beginning of year $2,695,400 · end of year $2,695,400

Mission and programs · 2023

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

  • OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

    Expenses $284,388 · Revenue $560,313

As filed on the 2023 return.

Listed in Part VII

  • Melanie Ribeiro

    DIRECTOR/VP

    Total calculated
    $497,512
    From this org
    $0
    From related orgs
    $424,921
    Other
    $72,591
    Hours/week
    0.7 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $424,921 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $25,495 related
    Nontaxable benefits
    not reported + $47,096 related
    Filer's total
    not reported + $497,512 related

  • John Olsen

    TREASURER

    Total calculated
    $26,541
    From this org
    $0
    From related orgs
    $26,541
    Other
    $0
    Hours/week
    0.1 + 18.9 related

  • Maria Cordone

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 11.7 related

  • Tony Fransetta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Zack Housworth

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Carolyn Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Amey Rusak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Christopher Shelton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 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

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
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202540249349301234

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