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Nonprofiteer
← NHS STEVENS HOUSING CORPORATION

Form 990 for tax year 2022

Filed by NHS STEVENS HOUSING CORPORATION.

Totals

Total revenue
$115,561
Total expenses
$187,843
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$114,649
Investment income
$40
Other revenue
$872
Total assets, end of year
$383,060
Total liabilities, end of year
$1,020,790
Net assets or fund balances, end of year
-$637,730
Program services expenses (Part IX)
$167,303
Management and general expenses
$20,540
Fundraising expenses
$0
Program service expenses (Part III)
$167,303

Program services were 89.1% 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 $77,306 · related or exempt $77,306

  • 2b · Program service revenue: COUNTY REVENUE

    total $37,343 · related or exempt $37,343

  • 3 · Investment income

    total $40 · excluded $40

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $872 · excluded $872

  • 11e · Other revenue, total

    $872

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,567 · program services $20,567

  • 8 · Pension plan contributions

    total $333 · program services $333

  • 9 · Other employee benefits

    total $3,942 · program services $3,942

  • 10 · Payroll taxes

    total $1,467 · program services $1,467

  • 11c · Fees: accounting

    total $5,000 · program services $5,000

  • 11g · Fees: other

    total $3,800 · program services $3,800

  • 13 · Office expenses

    total $5,675 · program services $5,675

  • 16 · Occupancy

    total $61,733 · program services $61,733

  • 17 · Travel

    total $11 · program services $11

  • 22 · Depreciation, depletion and amortization

    total $48,194 · program services $48,194

  • 24a · Other expenses: OTHER EXPENSES

    total $37,121 · program services $16,581 · management and general $20,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79 · end of year $80

  • 2 · Savings and temporary cash investments

    beginning of year $91,479 · end of year $88,434

  • 4 · Accounts receivable

    beginning of year $2,506 · end of year $69,896

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

    $301,384

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

    $106,251

  • 10c · Land, buildings and equipment, net

    beginning of year $212,665 · end of year $195,133

  • 15 · Other assets

    beginning of year $43,655 · end of year $29,517

  • 17 · Accounts payable and accrued expenses

    end of year $2,498

  • 19 · Deferred revenue

    beginning of year $2,201 · end of year $3,293

  • 23 · Secured mortgages and notes payable

    beginning of year $622,653 · end of year $622,653

  • 25 · Other liabilities

    beginning of year $290,978 · end of year $392,346

  • 27 · Net assets without donor restrictions

    beginning of year -$565,448 · end of year -$637,730

Mission and programs · 2022

Mission

PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS INCLUDING DISABLED AND DISADVANTAGED INDIVIDUALS.

Activities or mission (Part I)

PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS INCLUDING DISABLED AND DISADVANTAGED INDIVIDUALS.

  • MERAKEY OFFERS A CONTINUUM OF CARE IN BEHAVIORAL HEALTH (INCLUDES MENTAL HEALTH AND ADDICTIVE DISEASES), INTEGRATING SERVICES IN COMMUNITY, RESIDENTIAL AND SITE BASED SETTINGS. THESE SERVICES PROVIDE A WIDE RANGE OF RECOVERY FOCUSED TREATMENT, SERVICES, AND SUPPORTS FOR CHILDREN AND ADULTS. NHS STEVENS HOUSING CORPORATION SUPPORTS THE MAINTENANCE OF A BUILDING THAT ALLOWS FOR THE PROVISION OF HOUSING THROUGH A COMMUNITY RESIDENTIAL REHABILITATION SITE. INDIVIDUALS ARE SUPPORTED IN THEIR ACTIVITIES OF DAILY LIVING IN ORDER TO BECOME MORE INDEPENDENT MEMBERS OF THE COMMUNITY.

    Expenses $167,303 · Revenue $114,649

As filed on the 2022 return.

Listed in Part VII

  • JOSEPH MARTZ

    PRESIDENT/CEO

    Total calculated
    $1,176,036
    From this org
    $0
    From related orgs
    $1,120,084
    Other
    $55,952
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $893,832 related
    Bonus
    $0
    Other
    $0 + $226,252 related
    Deferred
    $0 + $12,475 related
    Nontaxable benefits
    $0 + $43,477 related
    Filer's total
    $0 + $1,176,036 related

  • DERRICK YACOVELLI

    SECRETARY/TREASURER/CFO

    Total calculated
    $705,871
    From this org
    $0
    From related orgs
    $671,726
    Other
    $34,145
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,726 related
    Bonus
    $0
    Other
    $0 + $102,000 related
    Deferred
    $0 + $6,369 related
    Nontaxable benefits
    $0 + $27,776 related
    Filer's total
    $0 + $705,871 related

  • LEAH PASON

    VICE PRESIDENT/CPO

    Total calculated
    $510,457
    From this org
    $0
    From related orgs
    $488,535
    Other
    $21,922
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,060 related
    Bonus
    $0
    Other
    $0 + $49,475 related
    Deferred
    $0 + $5,231 related
    Nontaxable benefits
    $0 + $16,691 related
    Filer's total
    $0 + $510,457 related

  • ROBERT NIX III ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 11 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THIS ORGANIZATION DOES NOT DIRECTLY PAY ITS OFFICERS AND DIRECTORS. ALL COMPENSATION TO THE OFFICERS AND DIRECTORS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, MERAKEY USA. MERAKEY USA UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. MERAKEY USA CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, PART I, QUESTION 3 ON ITS FORM 990: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE
PART I, LINE 4B
THE FOLLOWING OFFICERS AND DIRECTORS PARTICIPATED IN A 457(F) NONQUALIFIED RETIREMENT PLAN IN FY2023: JOSEPH MARTZ - $226,252 DERRICK YACOVELLI - $102,000 LEAH PASON - $49,475

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.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202421359349300107

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