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Nonprofiteer
← ARC APARTMENTS INC

Form 990 for tax year 2024

Filed by ARC APARTMENTS INC.

Totals

Total revenue
$108,698
Total expenses
$89,879
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$108,666
Investment income
$32
Other revenue
$0
Total assets, end of year
$457,055
Total liabilities, end of year
$84,720
Net assets or fund balances, end of year
$372,335
Program services expenses (Part IX)
$80,187
Management and general expenses
$9,692
Fundraising expenses
$0
Program service expenses (Part III)
$80,187

Program services were 89.2% 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 $108,666 · related or exempt $108,666

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $32 · excluded $32

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $4,576 · management and general $4,576

  • 11c · Fees: accounting

    total $5,116 · management and general $5,116

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $31,089 · program services $31,089

  • 14 · Information technology

    total $931 · program services $931

  • 16 · Occupancy

    total $19,508 · program services $19,508

  • 22 · Depreciation, depletion and amortization

    total $16,278 · program services $16,278

  • 23 · Insurance

    total $12,381 · program services $12,381

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $251,945 · end of year $285,264

  • 4 · Accounts receivable

    beginning of year $30,994 · end of year $106,372

  • 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

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

    $696,784

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

    $631,365

  • 10c · Land, buildings and equipment, net

    beginning of year $81,697 · end of year $65,419

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    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

  • 25 · Other liabilities

    beginning of year $11,120 · end of year $84,720

  • 27 · Net assets without donor restrictions

    beginning of year $353,516 · end of year $372,335

Mission and programs · 2024

Mission

A NOT-FOR-PROFIT CORPORATION WHOSE PRINCIPAL PURPOSE IS TO PROVIDE HOUSING FOR THE AGED AND HANDICAPPED UNDER SECTION 202 OF THE HOUSING ACT OF 1959.

  • TO DEVELOP AND MAINTAIN A SUPERVISED INDIVIDUAL RESIDENTIAL ALTERNATIVE LIVING APARTMENTS PROGRAM FOR MENTALLY DISABLED ADULTS WHICH IS CERTIFIED BY THE NYS OPWDD. WE PROVIDE RESIDENTIAL HOUSING/SHELTER ALONG WITH 24 HOUR STAFFING TO HELP THEM WITH THEIR DAILY APPOINTMENTS.

    Expenses $80,187 · Revenue $108,666

As filed on the 2024 return.

Listed in Part VII

  • PETER ENRIGHT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • ROBERT BOENING

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • ROXANNE PECORA

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • SUSAN LUCAS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.7 related

  • TODD MCNUTT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • JENNIFER LEALE

    CFO

    Total calculated
    $240,935
    From this org
    $0
    From related orgs
    $192,778
    Other
    $48,157
    Hours/week
    0.4 + 40.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,778 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,620 related
    Nontaxable benefits
    $0 + $25,537 related
    Filer's total
    $0 + $240,935 related

  • JOHN MCHUGH

    CEO

    Total calculated
    $419,753
    From this org
    $0
    From related orgs
    $346,882
    Other
    $72,871
    Hours/week
    0.4 + 40.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,634 related
    Bonus
    $0
    Other
    $0 + $4,248 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $42,371 related
    Filer's total
    $0 + $419,753 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

  • 3 · Approval by the board or compensation committee

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543189349302349

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