Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $151,486

• 1f · All other contributions, gifts and grants

  $77,698

• 2a · Program service revenue: GOVERNMENT CONTRACTS

  total $5,775,520 · related or exempt $5,775,520

• 2b · Program service revenue: FEES

  total $4,749,900 · related or exempt $4,749,900

• 2c · Program service revenue: CLIENT FEES

  total $2,610,543 · related or exempt $2,610,543

• 2d · Program service revenue: FOOD STAMPS

  total $156,020 · related or exempt $156,020

• 3 · Investment income

  total $105,452 · excluded $105,452

• 11a · Other revenue: OTHER REVENUE

  total $3,053,694 · related or exempt $3,053,694

• 11b · Other revenue: DEVELOPER FEE REVENUE

  total $893,821 · related or exempt $893,821

• 11c · Other revenue: OTHER THIRD PARTY REVENUE

  total $195,922 · related or exempt $195,922

• 11e · Other revenue, total

  $4,143,437

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $600,525 · program services $600,525

• 5 · Compensation of officers, directors and key employees

  total $454,228 · management and general $454,228

• 7 · Other salaries and wages

  total $7,372,042 · program services $6,813,314 · management and general $558,728

• 8 · Pension plan contributions

  total $257,858 · program services $235,340 · management and general $22,518

• 9 · Other employee benefits

  total $1,053,199 · program services $930,174 · management and general $123,025

• 10 · Payroll taxes

  total $583,905 · program services $509,873 · management and general $74,032

• 11b · Fees: legal

  total $43,214 · management and general $43,214

• 11c · Fees: accounting

  total $87,300 · management and general $87,300

• 11f · Fees: investment management

  total $31,326 · management and general $31,326

• 11g · Fees: other

  total $806,021 · program services $603,952 · management and general $202,069

• 13 · Office expenses

  total $96,130 · program services $46,203 · management and general $49,927

• 16 · Occupancy

  total $588,268 · program services $577,477 · management and general $10,791

• 17 · Travel

  total $22,775 · program services $21,505 · management and general $1,270

• 19 · Conferences, conventions and meetings

  total $86,571 · program services $61,637 · management and general $24,934

• 20 · Interest

  total $88,271 · program services $88,271

• 22 · Depreciation, depletion and amortization

  total $133,965 · program services $132,124 · management and general $1,841

• 23 · Insurance

  total $124,441 · program services $103,039 · management and general $21,402

• 24a · Other expenses: RENT SUBSIDIES

  total $2,455,227 · program services $2,455,227

• 24b · Other expenses: BAD DEBT

  total $398,693 · program services $398,693

• 24c · Other expenses: PROGRAM DEVELOPMENT COS

  total $312,982 · program services $312,585 · management and general $397

• 24d · Other expenses: FOOD AND BEVERAGE

  total $208,430 · program services $191,739 · management and general $16,691

• 24e · All other expenses

  total $684,947 · program services $620,074 · management and general $64,873

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $244,164 · end of year $1,790,077

• 4 · Accounts receivable

  beginning of year $1,794,202 · end of year $2,401,648

• 9 · Prepaid expenses and deferred charges

  beginning of year $283,463 · end of year $340,604

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

  $3,718,921

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

  $2,373,629

• 10c · Land, buildings and equipment, net

  beginning of year $2,440,273 · end of year $1,345,292

• 11 · Investments: publicly traded securities

  beginning of year $5,825,233 · end of year $4,081,792

• 15 · Other assets

  beginning of year $5,708,851 · end of year $8,588,761

• 17 · Accounts payable and accrued expenses

  beginning of year $1,458,800 · end of year $964,659

• 19 · Deferred revenue

  beginning of year $729,333 · end of year $1,185,223

• 23 · Secured mortgages and notes payable

  beginning of year $1,011,447

• 25 · Other liabilities

  beginning of year $2,008,414 · end of year $3,647,116

• 27 · Net assets without donor restrictions

  beginning of year $10,704,326 · end of year $12,458,061

• 28 · Net assets with donor restrictions

  beginning of year $383,866 · end of year $293,115

The filer's explanations (Part III)

PART I, LINE 3

CEO COMPENSATION IS REVIEWED AND APPROVED AT THE BOARD LEVEL AND OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO ALONG WITH THE HR COMMITTEE AND COMPARED TO CURRENT MARKET PRACTICES FOR THE AREA.

PART I LINE 4A

KIM BRUMBER, PRESIDENT AND CEO THROUGH MAY 2022, RECEIVED SEVERANCE IN THE FORM OF SIX MONTHS CONTINUED PAY SUBSEQUENT TO HER EXIT DATE, AMOUNTING TO $88,375. ADDITIONALLY, SHE RECEIVED A PAYOUT OF HER ACCUMULATED VACATION TIME, AMOUNTING TO $27,110.

Related partnerships

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

• ALEXANDER ST APARTMENTS LLC

  RELATED · HOUSING · NY · general or managing partner

• EAST HOUSE CANAL STREET LLC

  RELATED · HOUSING · NY · general or managing partner

Related corporations and trusts

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

• ALEXANDER ST APARTMENTS HDFC INC

  C · HOUSING · NY

• ALEXANDER ST APARTMENTS MANAGEMENT

  C · MANAGEMENT · NY · 60% owned

• EAST HOUSE CANAL STREET HOUSING DEVELOPMENT FUND CORPORATION

  C · HOUSING · NY

• EAST HOUSE CANAL STREET MM LLC

  C · MANAGEMENT · NY