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Nonprofiteer
← JAMES LENOX HOUSE INC

Form 990 for tax year 2022

Filed by JAMES LENOX HOUSE INC.

Totals

Total revenue
$1,649,652
Total expenses
$1,630,914
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,623,648
Investment income
$0
Other revenue
$26,004
Total assets, end of year
$2,791,351
Total liabilities, end of year
$2,590,764
Net assets or fund balances, end of year
$200,587
Program services expenses (Part IX)
$1,436,062
Management and general expenses
$194,852
Fundraising expenses
$0
Program service expenses (Part III)
$1,436,062

Program services were 88.1% 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 $1,614,348 · related or exempt $1,614,348

  • 2b · Program service revenue: LAUNDRY INCOME

    total $9,300 · related or exempt $9,300

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $26,004 · excluded $26,004

  • 11e · Other revenue, total

    $26,004

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $383,710 · program services $383,710

  • 8 · Pension plan contributions

    total $26,888 · program services $26,888

  • 9 · Other employee benefits

    total $95,509 · program services $95,509

  • 10 · Payroll taxes

    total $27,705 · program services $27,705

  • 11a · Fees: management

    total $83,919 · management and general $83,919

  • 11g · Fees: other

    total $62,743 · management and general $62,743

  • 13 · Office expenses

    total $16,714 · management and general $16,714

  • 20 · Interest

    total $99,356 · program services $99,356

  • 22 · Depreciation, depletion and amortization

    total $148,531 · program services $148,531

  • 23 · Insurance

    total $217,926 · program services $217,926

  • 24a · Other expenses: UTILITIES

    total $342,099 · program services $342,099

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $80,165 · program services $80,165

  • 24c · Other expenses: MISCELLANEOUS

    total $18,265 · management and general $18,265

  • 24d · Other expenses: TELEPHONE AND POSTAGE

    total $13,211 · management and general $13,211

  • 24e · All other expenses

    total $14,173 · program services $14,173

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,074 · end of year $135,669

  • 2 · Savings and temporary cash investments

    beginning of year $597,502 · end of year $670,822

  • 4 · Accounts receivable

    beginning of year $153,371 · end of year $138,816

  • 9 · Prepaid expenses and deferred charges

    beginning of year $167,129 · end of year $182,912

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

    $8,171,234

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

    $6,508,102

  • 10c · Land, buildings and equipment, net

    beginning of year $1,783,348 · end of year $1,663,132

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,760 · end of year $4,241

  • 19 · Deferred revenue

    beginning of year $39,208 · end of year $50,296

  • 23 · Secured mortgages and notes payable

    beginning of year $2,477,208 · end of year $2,416,153

  • 25 · Other liabilities

    beginning of year $126,399 · end of year $120,074

  • 27 · Net assets without donor restrictions

    beginning of year $181,849 · end of year $200,587

Mission and programs · 2022

Mission

JAMES LENOX HOUSE, INC. IS A NOT-FOR-PROFIT RENTAL RESIDENCE FOR OLDER ADULTS IN MANHATTAN. ITS 99 RESIDENTIAL APARTMENTS ARE PROVIDED AT BELOW MARKET RENT TO PERSONS AGE 55 AND OLDER WHO HAVE LIMITED FINANCIAL RESOURCES.

  • JAMES LENOX HOUSE, INC. IS A MITCHELL LAMA OLDER ADULT RENTAL HOUSING PROJECT, PURSUANT TO ARTICLE II OF THE NEW YORK STATE HOUSING FINANCE LAW. DURING FY 23, JAMES LENOX HOUSE WAS HOME TO APPROXIMATELY 110 RESIDENTS.

    Expenses $1,436,062 · Revenue $1,623,648

As filed on the 2022 return.

Listed in Part VII

  • NICOLA M HERYET

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JOHN ZELTIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CALVIN MARSHALL MEW

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM T SULLIVAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • THOMAS A TEEPLE THRU 62922

    EXECUTIVE DIR.

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH H GIRVEN

    EXECUTIVE DIR.

    Total calculated
    $338,846
    From this org
    $300,000
    From related orgs
    $0
    Other
    $38,846
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $12,926
    Nontaxable benefits
    $25,920
    Filer's total
    $338,846

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

None.

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
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202420399349301207

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