Skip to content
Nonprofiteer
← BISHOP JOHN R MCGANN SENIOR HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by BISHOP JOHN R MCGANN SENIOR HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,258,945
Total expenses
$1,273,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,195,214
Investment income
$59,723
Other revenue
$4,008
Total assets, end of year
$6,719,873
Total liabilities, end of year
$126,680
Net assets or fund balances, end of year
$6,593,193
Program services expenses (Part IX)
$1,013,325
Management and general expenses
$260,530
Fundraising expenses
$0
Program service expenses (Part III)
$1,013,325

Program services were 79.5% 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: SUBSIDY REVENUE

    total $691,883 · related or exempt $691,883

  • 2b · Program service revenue: PROGRAM SERVICE REVENU

    total $503,331 · related or exempt $503,331

  • 3 · Investment income

    total $59,723 · excluded $59,723

  • 11a · Other revenue: LAUNDRY

    total $3,000 · excluded $3,000

  • 11b · Other revenue: OTHER INCOME

    total $1,008 · excluded $1,008

  • 11e · Other revenue, total

    $4,008

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $121,955 · program services $90,563 · management and general $31,392

  • 9 · Other employee benefits

    total $7,855 · program services $7,855

  • 10 · Payroll taxes

    total $14,854 · program services $14,854

  • 11a · Fees: management

    total $151,814 · management and general $151,814

  • 11b · Fees: legal

    total $10,066 · management and general $10,066

  • 11c · Fees: accounting

    total $20,650 · management and general $20,650

  • 13 · Office expenses

    total $1,458 · management and general $1,458

  • 16 · Occupancy

    total $121,366 · program services $121,366

  • 22 · Depreciation, depletion and amortization

    total $311,909 · program services $311,909

  • 23 · Insurance

    total $88,908 · program services $88,908

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $205,217 · program services $205,217

  • 24b · Other expenses: SECURITY CONTRACT

    total $64,125 · program services $64,125

  • 24c · Other expenses: GROUNDS CONTRACT

    total $62,265 · program services $62,265

  • 24d · Other expenses: BOOKKEEPING

    total $33,354 · management and general $33,354

  • 24e · All other expenses

    total $58,059 · program services $46,263 · management and general $11,796

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,413 · end of year $79,048

  • 2 · Savings and temporary cash investments

    beginning of year $8,616 · end of year $8,946

  • 4 · Accounts receivable

    beginning of year $71,700 · end of year $25,158

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,054 · end of year $26,865

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

    $12,540,854

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

    $7,463,625

  • 10c · Land, buildings and equipment, net

    beginning of year $5,262,518 · end of year $5,077,229

  • 15 · Other assets

    beginning of year $1,311,899 · end of year $1,502,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,802 · end of year $61,052

  • 19 · Deferred revenue

    beginning of year $7,451 · end of year $21,589

  • 25 · Other liabilities

    beginning of year $44,844 · end of year $44,039

  • 27 · Net assets without donor restrictions

    beginning of year $6,608,103 · end of year $6,593,193

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME FAMILIES AND INDIVIDUALS.

Activities or mission (Part I)

THE ORGANIZATION OWNS & OPERATES A SECTION 202 HUD MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY.

  • ON A NOT-FOR-PROFIT BASIS, THE CORPORATION PROVIDES 125 UNITS OF AFFORDABLE RENTAL HOUSING FOR PERSONS OF LIMITED MEANS IN CENTRAL ISLIP, NEW YORK, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

    Expenses $1,013,325 · Revenue $1,195,214

As filed on the 2023 return.

Listed in Part VII

  • Michael Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Richard Balcom

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robert J Ahlstrom Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William G Chapin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maryanne Fitzgerald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Pietrowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary Cregan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jesus Valdes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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
3 February 2025
IRS schema version
2023v6.0
Source object
202510379349300036

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.