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Nonprofiteer
← BYRNE MANOR HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2022

Filed by BYRNE MANOR HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$318,990
Total expenses
$336,655
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$315,902
Investment income
$1,681
Other revenue
$1,407
Total assets, end of year
$1,583,966
Total liabilities, end of year
$21,988
Net assets or fund balances, end of year
$1,561,978
Program services expenses (Part IX)
$270,189
Management and general expenses
$66,466
Fundraising expenses
$0
Program service expenses (Part III)
$270,189

Program services were 80.3% 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 - NET OF

    total $315,902 · related or exempt $315,902

  • 3 · Investment income

    total $1,681 · excluded $1,681

  • 11a · Other revenue: LAUNDRY/VENDING REVENU

    total $1,407 · excluded $1,407

  • 11e · Other revenue, total

    $1,407

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $49,979 · program services $49,979

  • 9 · Other employee benefits

    total $5,052 · program services $5,052

  • 10 · Payroll taxes

    total $5,356 · program services $5,356

  • 11a · Fees: management

    total $34,005 · management and general $34,005

  • 11c · Fees: accounting

    total $11,851 · management and general $11,851

  • 12 · Advertising and promotion

    total $257 · management and general $257

  • 13 · Office expenses

    total $27,382 · program services $13,049 · management and general $14,333

  • 16 · Occupancy

    total $15,832 · program services $15,832

  • 19 · Conferences, conventions and meetings

    total $134 · management and general $134

  • 22 · Depreciation, depletion and amortization

    total $92,317 · program services $92,317

  • 23 · Insurance

    total $22,078 · program services $22,078

  • 24a · Other expenses: SERVICE COORDINATOR EXP

    total $27,326 · program services $27,326

  • 24b · Other expenses: EQUIPMENT RENTAL & MAIN

    total $16,435 · program services $16,435

  • 24c · Other expenses: MISC. TAXES, LICENCES A

    total $13,179 · program services $13,179

  • 24d · Other expenses: MISC. ADMIN EXPENSES

    total $5,886 · management and general $5,886

  • 24e · All other expenses

    total $9,586 · program services $9,586

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $7,792

  • 4 · Accounts receivable

    beginning of year $1,938 · end of year $1,078

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,363 · end of year $20,562

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

    $2,838,247

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

    $1,485,803

  • 10c · Land, buildings and equipment, net

    beginning of year $1,406,261 · end of year $1,352,444

  • 15 · Other assets

    beginning of year $172,468 · end of year $202,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,752 · end of year $7,397

  • 19 · Deferred revenue

    beginning of year $1,695 · end of year $2,398

  • 25 · Other liabilities

    beginning of year $11,940 · end of year $12,193

  • 27 · Net assets without donor restrictions

    beginning of year -$1,006,857 · end of year -$1,024,522

  • 28 · Net assets with donor restrictions

    beginning of year $2,586,500 · end of year $2,586,500

Mission and programs · 2022

Mission

THE CORPORATION WAS ORGANIZED EXCLUSIVELY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 221(D)(4) OF THE NATIONAL HOUSING ACT.

Activities or mission (Part I)

LOW-INCOME HOUSING PROJECT

  • DEVELOPS, ON A NON-PROFIT BASIS, A 34-UNIT HOUSING PROJECT FOR ELDERLY/HANDICAPPED PERSONS OF LOW-INCOME PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW & SEC. 402 OF THE NOT-FOR-PROFIT CORPORATION LAW.

    Expenses $270,189 · Revenue $315,902

As filed on the 2022 return.

Listed in Part VII

  • Fredrick Zolna

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Schaefer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cindy Falise

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Michel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Sindoni

    MEMBER

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349311329

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