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Nonprofiteer
← ALBANY HOUSING COALITION INC

Form 990 for tax year 2024

Filed by ALBANY HOUSING COALITION INC.

Totals

Total revenue
$3,306,103
Total expenses
$2,766,600
Contributions and grants received
$3,014,639
Grants paid
$419,334
Program service revenue
$240,537
Investment income
$50,927
Other revenue
$0
Total assets, end of year
$4,689,519
Total liabilities, end of year
$362,771
Net assets or fund balances, end of year
$4,326,748
Program services expenses (Part IX)
$2,551,319
Management and general expenses
$215,281
Fundraising expenses
$0
Program service expenses (Part III)
$2,551,319

Program services were 92.2% 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.

  • 1c · Fundraising events

    $26,337

  • 1e · Government grants (contributions)

    $2,860,983

  • 1f · All other contributions, gifts and grants

    $127,319

  • 2a · Program service revenue: RENTAL INCOME

    total $240,537 · related or exempt $240,537

  • 3 · Investment income

    total $50,927 · excluded $50,927

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $26,337

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $419,334 · program services $419,334

  • 5 · Compensation of officers, directors and key employees

    total $145,158 · management and general $145,158

  • 7 · Other salaries and wages

    total $1,346,783 · program services $1,314,110 · management and general $32,673

  • 9 · Other employee benefits

    total $185,588 · program services $176,968 · management and general $8,620

  • 10 · Payroll taxes

    total $110,579 · program services $97,324 · management and general $13,255

  • 11g · Fees: other

    total $17,408 · program services $2,735 · management and general $14,673

  • 13 · Office expenses

    total $47,264 · program services $47,264

  • 16 · Occupancy

    total $89,276 · program services $89,276

  • 17 · Travel

    total $9,628 · program services $9,628

  • 19 · Conferences, conventions and meetings

    total $8,266 · program services $8,266

  • 20 · Interest

    total $610 · program services $610

  • 22 · Depreciation, depletion and amortization

    total $57,268 · program services $57,268

  • 23 · Insurance

    total $72,459 · program services $71,557 · management and general $902

  • 24a · Other expenses: FOOD

    total $100,208 · program services $100,208

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $84,039 · program services $84,039

  • 24c · Other expenses: EQUIPMENT AND EQUIPMENT

    total $46,273 · program services $46,273

  • 24d · Other expenses: MEMBERSHIPS AND FEES

    total $21,609 · program services $21,609

  • 24e · All other expenses

    total $4,850 · program services $4,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $351,335 · end of year $302,988

  • 2 · Savings and temporary cash investments

    beginning of year $1,058,156 · end of year $808,777

  • 4 · Accounts receivable

    beginning of year $269,468 · end of year $673,745

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,318 · end of year $2,957

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

    $4,649,002

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

    $2,190,378

  • 10c · Land, buildings and equipment, net

    beginning of year $1,901,538 · end of year $2,458,624

  • 15 · Other assets

    beginning of year $428,298 · end of year $442,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $153,596 · end of year $276,209

  • 19 · Deferred revenue

    beginning of year $61,388 · end of year $70,272

  • 23 · Secured mortgages and notes payable

    beginning of year $10,433 · end of year $6,058

  • 25 · Other liabilities

    beginning of year $10,451 · end of year $10,232

  • 27 · Net assets without donor restrictions

    beginning of year $3,250,356 · end of year $3,355,497

  • 28 · Net assets with donor restrictions

    beginning of year $536,889 · end of year $971,251

Mission and programs · 2024

Mission

STABILIZE THE COMMUNITY BY PROVIDING A CONTINUUM OF AFFORDABLE HOUSING AND SUPPORT SERVICES TO HOMELESS VETERANS AND LOW INCOME INDIVIDUALS AND FAMILIES.

  • ASSIST OCCUPANTS THROUGH HOUSING COUNSELING ACTIVITIES TO UPGRADE AND IMPROVE EXISTING HOUSING CONDITIONS, AID IN THE DEVELOPMENT OF PROJECTS FOR THE ELIMINATION OF SLUMS AND BLIGHTING INFLUENCES, AND FOSTER THE IMPROVEMENT OF HOUSING CONDITIONS THEREBY ENCOURAGING RESIDENTIAL CHARACTER.

    Expenses $2,551,319 · Grants $419,334 · Revenue $240,537

As filed on the 2024 return.

Listed in Part VII

  • James Bouldin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Larita Vanbergen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Gail Patricia Perry

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Peter Phelan

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Bernard Bryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Laporte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary K Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Sosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph P Sluszka

    EXECUTIVE DIRECTOR

    Total calculated
    $100,770
    From this org
    $100,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Stephanie Lane

    EXECUTIVE DIRECTOR

    Total calculated
    $24,528
    From this org
    $24,528
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Sondra Young

    EXECUTIVE DIRECTOR

    Total calculated
    $44,388
    From this org
    $44,388
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202502939349300930

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