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← ST HEDWIGS GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by ST HEDWIGS GARDENS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$100
Total expenses
$190,419
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$100
Investment income
$0
Other revenue
$0
Total assets, end of year
$139,210
Total liabilities, end of year
$1,329,212
Net assets or fund balances, end of year
-$1,190,002
Program services expenses (Part IX)
$190,419
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$190,419

Program services were 100.0% 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.

  • 2a · Program service revenue: PARTNERSHIP MGMT FEE

    total $100 · related or exempt $100

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $28,617 · program services $28,617

  • 22 · Depreciation, depletion and amortization

    total $28,284 · program services $28,284

  • 24a · Other expenses: PASSTHROUGH LOSS FROM L

    total $133,518 · program services $133,518

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $2,400 · end of year $2,500

  • 14 · Intangible assets

    beginning of year $164,994 · end of year $136,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $303,752 · end of year $332,369

  • 23 · Secured mortgages and notes payable

    beginning of year $235,678 · end of year $235,678

  • 25 · Other liabilities

    beginning of year $627,647 · end of year $761,165

  • 27 · Net assets without donor restrictions

    beginning of year -$999,683 · end of year -$1,190,002

Mission and programs · 2023

Mission

TO PROVIDE LOW INCOME HOUSING TO RESIDENTS OF THE COMMUNITY ON A NOT-FOR-PROFIT BASIS.

  • CREATED AND OPERATES A 27 UNIT LOW INCOME HOUSING PROJECT LOCATED IN FLORAL PARK, NEW YORK.

    Expenses $190,419 · Revenue $100

  • THIS ORGANIZATION HAS A LOW-INCOME HOUSING TAX CREDIT CARRYOVER OF THE FOLLOWING:

  • 1998 = $2,286, 1999 = $310, 2000 = $310, 2001 = $310, 2002 = $310, 2003 = $310, 2004 = $310, 2005 = $310, 2006 = $310, 2007 = $310 & 2008 = $81. TOTAL = $5,157; PURSUANT TO SCHEDULE K-1 PASSTHROUGHS. 2008 WAS THE FINAL YEAR OF THE CREDIT PASSTHROUGH.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Richard Balcom

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Robert J Ahlstrom Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • William G Chapin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Don Jesus Valdes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bro Gary Cregan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Fr Stephen Pietrowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sr Maryanne Fitzgerald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ST HEDWIG'S GARDENS ASSOCIATES LLC

    OWNS LIMITED PARTNERSHIP INTEREST · NY · income $0 · assets $0

    Directly controlled by ST HEDWIGS GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ST HEDWIGS GARDENS LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · NY · 100% owned · share of income $314,755 · share of assets $2,031,425 · general or managing partner

    Directly controlled by ST HEDWIGS GARDENS HOUSING DEVELOPMENT COMPANY INC

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2024
IRS schema version
2023v5.0
Source object
202401229349302355

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