Skip to content
Nonprofiteer
← RECLAIM ROUND II HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by RECLAIM ROUND II HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$2,078,418
Total expenses
$2,137,754
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,933,598
Investment income
$144,820
Other revenue
$0
Total assets, end of year
$14,212,266
Total liabilities, end of year
$16,072,292
Net assets or fund balances, end of year
-$1,860,026
Program services expenses (Part IX)
$2,110,351
Management and general expenses
$27,403
Fundraising expenses
$0
Program service expenses (Part III)
$2,110,351

Program services were 98.7% 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 - TENANT

    total $1,449,123 · related or exempt $1,449,123 · unrelated business $0

  • 2b · Program service revenue: RENTAL SUBSIDIARY - SECTION 8

    total $484,475 · related or exempt $484,475 · unrelated business $0

  • 3 · Investment income

    total $144,820 · unrelated business $0 · excluded $144,820

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · unrelated business $0

  • 7d · Net gain or loss

    total $0 · unrelated business $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · unrelated business $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $143,452 · program services $143,452

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $49,007 · program services $49,007

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $221,282 · program services $221,282

  • 11b · Fees: legal

    total $20,027 · program services $20,027

  • 11c · Fees: accounting

    total $14,872 · management and general $14,872

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $19,962 · program services $19,962

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $74,147 · program services $61,616 · management and general $12,531

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $951,923 · program services $951,923

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $127,713 · program services $127,713

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $333,360 · program services $333,360

  • 23 · Insurance

    total $182,009 · program services $182,009

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,115,320 · end of year $1,203,479

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $371,535 · end of year $449,960

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $274,368 · end of year $306,540

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

    $9,995,557

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

    $3,593,213

  • 10c · Land, buildings and equipment, net

    beginning of year $6,666,683 · end of year $6,402,344

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $6,650,467 · end of year $5,849,943

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,661 · end of year $37,225

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $72,943 · end of year $62,971

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $12,326,168 · end of year $12,330,434

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,513,531 · end of year $3,641,662

  • 27 · Net assets without donor restrictions

    beginning of year -$880,930 · end of year -$1,860,026

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

PRESERVATION & IMPROVEMENT OF HOUSING IN BRONX, NY

  • THE COMPANY OPERATES FOUR BUILDINGS CONTAINING 161 APARTMENT UNITS FOR LOW-AND MODERATE-INCOME TENANTS AND FOUR COMMUNITY-RENTAL SPACES

    Expenses $2,110,351 · Revenue $1,933,598

As filed on the 2022 return.

Listed in Part VII

  • Vanessa Lanier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph P Muriana

    PRESIDENT

    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.

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.

Related partnerships

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

  • ROSE HILL APARTMENTS LP

    LOW INCOME HO · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROSEHILL SENIOR APTS INC

    C · LOW INCOME HO · NY

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202322659349301342

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.