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← RIVERVIEW AVENUE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2024

Filed by RIVERVIEW AVENUE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$311,969
Total expenses
$166,224
Contributions and grants received
$233,625
Grants paid
$0
Program service revenue
$0
Investment income
$78,344
Other revenue
$0
Total assets, end of year
$3,997,917
Total liabilities, end of year
$3,103,294
Net assets or fund balances, end of year
$894,623
Program services expenses (Part IX)
$164,724
Management and general expenses
$1,500
Fundraising expenses
$0
Program service expenses (Part III)
$164,724

Program services were 99.1% 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.

  • 1d · Related organizations

    $233,625

  • 3 · Investment income

    total $78,344 · related or exempt $78,344

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 20 · Interest

    total $164,724 · program services $164,724

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,491

  • 4 · Accounts receivable

    beginning of year $1,500 · end of year $1,500

  • 7 · Other notes and loans receivable

    beginning of year $3,916,581 · end of year $3,994,917

  • 9 · Prepaid expenses and deferred charges

    end of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,500 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,160,485 · end of year $3,103,294

  • 27 · Net assets without donor restrictions

    beginning of year $782,587 · end of year $894,623

Mission and programs · 2024

Mission

THE CORPORATION WAS ORGANIZED TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE ASSISTED BY A "MUNICIPALLY-AIDED MORTGAGE" AS DEFINED IN SECTION 572(13) OF THE PRIVATE HOUSING FINANCE LAW THROUGH ONE OR MORE MORTGAGE LOANS MADE BY THE CITY OF CORTLAND "SUPERVISING AGENCY, AND SUCH OTHER INSTRUMENTALITIES OF FEDERAL, STATE AND LOCAL GOVERNMENT AS MAY BE NECESSARY TO COMPLETE THE FINANCING FOR THE PROJECT.

Activities or mission (Part I)

FINANCING FOR LOW INCOME HOUSING PROJECT.

  • THE CORPORATION WAS ORGANIZED TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE ASSISTED BY A "MUNICIPALLY-AIDED MORTGAGE" AS DEFINED IN SECTION 572(13) OF PRIVATE HOUSING FINANCE LAW THROUGH ONE OR MORE MORTGAGE LOANS MADE BY THE CITY OF CORTLAND "SUPERVISING AGENCY, AND SUCH OTHER INSTRUMENTALITIES OF FEDERAL, STATE AND LOCAL GOVERNMENT AS MAY BE NECESSARY TO COMPLETE THE FINANCING FOR THE PROJECT.

    Expenses $164,724 · Revenue $78,344

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JUSTIN RUDGICK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARIE WALSH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KYLE LYSKAWA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513169349302966

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