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← 50-60 KOSCIUZKO STREET HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by 50-60 KOSCIUZKO STREET HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$55,119
Total expenses
$57,466
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$54,300
Investment income
$819
Other revenue
$0
Total assets, end of year
$350,417
Total liabilities, end of year
$6,391
Net assets or fund balances, end of year
$344,026
Program services expenses (Part IX)
$39,646
Management and general expenses
$17,820
Fundraising expenses
$0
Program service expenses (Part III)
$39,646

Program services were 69.0% 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: TENANT ASSISTANCE PAYM

    total $44,388 · related or exempt $44,388

  • 2b · Program service revenue: RENTAL INCOME

    total $9,912 · related or exempt $9,912

  • 3 · Investment income

    total $819 · excluded $819

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,030 · program services $2,050 · management and general $1,980

  • 9 · Other employee benefits

    total $6 · program services $3 · management and general $3

  • 10 · Payroll taxes

    total $403 · program services $205 · management and general $198

  • 11a · Fees: management

    total $4,164 · management and general $4,164

  • 11b · Fees: legal

    total $1,669 · management and general $1,669

  • 11c · Fees: accounting

    total $201 · management and general $201

  • 11g · Fees: other

    total $3,300 · management and general $3,300

  • 12 · Advertising and promotion

    total $19 · management and general $19

  • 13 · Office expenses

    total $2,780 · management and general $2,780

  • 16 · Occupancy

    total $3,142 · program services $3,142

  • 22 · Depreciation, depletion and amortization

    total $12,904 · program services $12,904

  • 23 · Insurance

    total $5,890 · program services $5,890

  • 24a · Other expenses: MAINTENANCE CONTRACTS

    total $12,636 · program services $12,636

  • 24b · Other expenses: BAD DEBTS

    total $2,407 · management and general $2,407

  • 24c · Other expenses: SUPPLIES

    total $1,377 · program services $1,377

  • 24d · Other expenses: MISCELLANEOUS

    total $1,099 · management and general $1,099

  • 24e · All other expenses

    total $1,439 · program services $1,439

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $942 · end of year $5,074

  • 4 · Accounts receivable

    end of year $132

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,345 · end of year $2,532

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

    $532,125

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

    $295,054

  • 10c · Land, buildings and equipment, net

    beginning of year $249,975 · end of year $237,071

  • 15 · Other assets

    beginning of year $95,036 · end of year $105,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $834 · end of year $5,406

  • 25 · Other liabilities

    beginning of year $1,091 · end of year $985

  • 27 · Net assets without donor restrictions

    beginning of year $346,373 · end of year $344,026

Mission and programs · 2023

Mission

TO CONSTRUCT AND OPERATE A LOW INCOME HOUSING PROJECT OF FIVE UNITS IN THE CITY OF BUFFALO, NEW YORK.

  • PROVIDE HOUSING TO LOW INCOME RESIDENTS.

    Expenses $39,646 · Revenue $54,300

As filed on the 2023 return.

Listed in Part VII

  • DEACON STEVE SCHUMER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • REV PETER J KARALUS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MOLLY OLIVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELLEN MUSIALOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOST REV MICHAEL W FISCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SISTER MARY MCCARRICK OSF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA POTZLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
17 June 2024
IRS schema version
2023v5.1
Source object
202431699349301568

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