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Nonprofiteer
← NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,931,532
Total expenses
$2,364,195
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,931,011
Investment income
$521
Other revenue
$0
Total assets, end of year
$2,831,287
Total liabilities, end of year
$967,760
Net assets or fund balances, end of year
$1,863,527
Program services expenses (Part IX)
$2,139,485
Management and general expenses
$224,710
Fundraising expenses
$0
Program service expenses (Part III)
$2,139,485

Program services were 90.5% 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: RENTAL INCOME

    total $1,931,011 · related or exempt $1,931,011

  • 3 · Investment income

    total $521 · excluded $521

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $343,182 · program services $226,488 · management and general $116,694

  • 8 · Pension plan contributions

    total $22,000 · program services $22,000

  • 9 · Other employee benefits

    total $100,798 · program services $84,111 · management and general $16,687

  • 10 · Payroll taxes

    total $27,249 · program services $27,249

  • 11a · Fees: management

    total $152,153 · program services $152,153

  • 11b · Fees: legal

    total $7,071 · management and general $7,071

  • 11c · Fees: accounting

    total $50,000 · management and general $50,000

  • 11g · Fees: other

    total $106,929 · program services $102,798 · management and general $4,131

  • 13 · Office expenses

    total $90,813 · program services $71,341 · management and general $19,472

  • 16 · Occupancy

    total $835,714 · program services $835,714

  • 20 · Interest

    total $2,835 · management and general $2,835

  • 22 · Depreciation, depletion and amortization

    total $379,929 · program services $379,929

  • 23 · Insurance

    total $166,803 · program services $166,803

  • 24a · Other expenses: SOCIAL SERVICES

    total $58,000 · program services $58,000

  • 24e · All other expenses

    total $20,719 · program services $12,899 · management and general $7,820

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,915 · end of year $27,009

  • 2 · Savings and temporary cash investments

    end of year $220,043

  • 4 · Accounts receivable

    beginning of year $87,382 · end of year $125,119

  • 9 · Prepaid expenses and deferred charges

    beginning of year $263,004 · end of year $285,021

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

    $10,694,034

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

    $8,649,975

  • 10c · Land, buildings and equipment, net

    beginning of year $2,189,301 · end of year $2,044,059

  • 15 · Other assets

    beginning of year $346,940 · end of year $130,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $170,032 · end of year $191,251

  • 25 · Other liabilities

    beginning of year $526,320 · end of year $776,509

  • 27 · Net assets without donor restrictions

    beginning of year $2,181,306 · end of year $1,748,643

  • 28 · Net assets with donor restrictions

    beginning of year $114,884 · end of year $114,884

Mission and programs · 2022

Mission

PROVIDE LOW INCOME HOUSING IN THE BRONX, NY

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING IN BRONX, NY

  • REHABILITATION AND OPERATION OF GOVERNMENT SUBSIDIZED LOW INCOME HOUSING IN BRONX, NY.

    Expenses $2,081,485 · Revenue $1,931,011

  • SERVICES PROVIDED TO NOSOTROS' TENANTS IN THE FORM OF SOCIAL, RECREATIONAL AND EDUCATIONAL PROGRAMS.

    Expenses $58,000

As filed on the 2022 return.

Listed in Part VII

  • MSGR DONALD SAKANO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • REV MARK CREGAN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • KENNETH P BROWNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • REV JOSEPH FRANCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • KEN SINGLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • KOBINA ARHIN

    SVP/CEO

    Total calculated
    $316,608
    From this org
    $0
    From related orgs
    $292,398
    Other
    $24,210
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,398 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,076 related
    Nontaxable benefits
    $0 + $15,134 related
    Filer's total
    $0 + $316,608 related

  • SIMONE BRISCO

    CONTROLLER

    Total calculated
    $115,306
    From this org
    $0
    From related orgs
    $110,000
    Other
    $5,306
    Hours/week
    1 + 34 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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349317381

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