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Nonprofiteer
← CARMEL HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2024

Filed by CARMEL HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,315,638
Total expenses
$28,500
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,238,004
Investment income
$77,634
Other revenue
$0
Total assets, end of year
$18,141,578
Total liabilities, end of year
$326,383
Net assets or fund balances, end of year
$17,815,195
Program services expenses (Part IX)
$0
Management and general expenses
$28,500
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: PRI - INTEREST

    total $1,230,504 · related or exempt $1,230,504

  • 2b · Program service revenue: ADMINISTRATIVE FEES

    total $7,500 · related or exempt $7,500

  • 3 · Investment income

    total $77,634 · excluded $77,634

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,000 · management and general $10,000

  • 11c · Fees: accounting

    total $18,344 · management and general $18,344

  • 24a · Other expenses: TAXES

    total $156 · management and general $156

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,277 · end of year $73,398

  • 2 · Savings and temporary cash investments

    beginning of year $1,602,010 · end of year $1,731,929

  • 13 · Investments: program-related

    beginning of year $14,880,756 · end of year $15,980,943

  • 15 · Other assets

    beginning of year $340,147 · end of year $355,308

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,133 · end of year $46,383

  • 25 · Other liabilities

    beginning of year $280,000 · end of year $280,000

  • 27 · Net assets without donor restrictions

    beginning of year $16,528,057 · end of year $17,815,195

Mission and programs · 2024

Mission

THE ORGANIZATION SUPPORTS LOW INCOME HOUSING AND RELATED ACCESSORY FACILITIES TO THE BROADEST RANGE OF LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS AND HANDICAPPED PERSONS IN NEED THROUGH PROGRAM RELATED INVESTMENTS.

Activities or mission (Part I)

THE ORGANIZATION SUPPORTS LOW INCOME HOUSING AND RELATED ACCESSORY FACILITIES TO LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS AND HANDICAPPED PERSONS IN NEED THROUGH PROGRAM RELATED INVESTMENTS.

  • THE ORGANIZATION SUPPORTS LOW INCOME HOUSING BY HOLDING A NOTE IT HAS TREATED AS PROGRAM RELATED INVESTMENT IN AN ENTITY THAT PROVIDES LOW INCOME HOUSING TO POOR DISTRESSED RESIDENTS THAT RECEIVE RENT SUBSIDIES THROUGH THE HUD SECTION 8 PROGRAM.

    Revenue $1,238,004

As filed on the 2024 return.

Listed in Part VII

  • BEATRIZ DIAZ TAVERAS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 2.3 related

  • WILLIAM WHISTON

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 4.3 related

  • ERIKA BRANDT

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • DAVID BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 10.3 related

  • MONSIGNOR KEVIN SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 10.3 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.

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.

Related corporations and trusts

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

  • ANYCH CARM CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • ANYCH GHSF CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHATTY CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHHP CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHRIDGE CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSFARMS CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSPN CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSTA CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHSVDP CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by HOUSING INITIATIVE HOUSING DEVELOPMENT FUND CORPORATION

  • ANYCHANSELM CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • ANYCHSTJ CORP

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • METROPOLITAN MUTUAL HOUSING ASSOCIATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • WOODSTOCK MANOR HOUSING DEVELOPMENT FUND CORPORATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

  • WOODSTOCK MANOR DEVELOPMENT CORPORATION

    C · PROVIDE LOW INCOME HOUSING · NY

    Directly controlled by ASSOCIATION OF NEW YORK CATHOLIC HOMES INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202602309349301030

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