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Nonprofiteer
← CENTER HOUSING DEVELOPMENT FUND CORPORATION II

Form 990 for tax year 2022

Filed by CENTER HOUSING DEVELOPMENT FUND CORPORATION II.

Totals

Total revenue
$92,526
Total expenses
$132,116
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$92,428
Investment income
$23
Other revenue
$75
Total assets, end of year
$921,721
Total liabilities, end of year
$62,691
Net assets or fund balances, end of year
$859,030
Program services expenses (Part IX)
$122,431
Management and general expenses
$9,685
Fundraising expenses
$0
Program service expenses (Part III)
$122,431

Program services were 92.7% 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: HUD ASSISTED REVENUE

    total $61,168 · related or exempt $61,168

  • 2b · Program service revenue: HUD RENT SUBSIDY

    total $44,960 · related or exempt $44,960

  • 2c · Program service revenue: EXCESS RESIDUAL RECEIPTS

    total -$13,700 · related or exempt -$13,700

  • 3 · Investment income

    total $23 · excluded $23

  • 11a · Other revenue: HUD LAUNDRY

    total $75 · related or exempt $75

  • 11e · Other revenue, total

    $75

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $582 · management and general $582

  • 7 · Other salaries and wages

    total $10,535 · program services $10,535

  • 8 · Pension plan contributions

    total $382 · program services $382

  • 9 · Other employee benefits

    total $620 · program services $620

  • 10 · Payroll taxes

    total $1,011 · program services $1,011

  • 11c · Fees: accounting

    total $1,538 · program services $1,538

  • 11g · Fees: other

    total $11,851 · program services $11,851

  • 12 · Advertising and promotion

    total $22 · program services $22

  • 13 · Office expenses

    total $3 · program services $3

  • 14 · Information technology

    total $972 · program services $972

  • 16 · Occupancy

    total $9,868 · program services $9,868

  • 17 · Travel

    total $57 · program services $57

  • 20 · Interest

    total $137 · program services $137

  • 22 · Depreciation, depletion and amortization

    total $30,051 · program services $30,051

  • 23 · Insurance

    total $6,325 · program services $6,325

  • 24a · Other expenses: PROPERTY REPAIRS & MAINT

    total $42,047 · program services $42,047

  • 24b · Other expenses: MANAGEMENT FEES

    total $9,103 · management and general $9,103

  • 24c · Other expenses: EQUIPMENT & SUPPLIES

    total $4,553 · program services $4,553

  • 24d · Other expenses: AUTO EXPENSES

    total $2,221 · program services $2,221

  • 24e · All other expenses

    total $238 · program services $238

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,301 · end of year $17,220

  • 4 · Accounts receivable

    beginning of year $537 · end of year $1,610

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

    $1,169,828

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

    $514,044

  • 10c · Land, buildings and equipment, net

    beginning of year $45,000 · end of year $655,784

  • 15 · Other assets

    beginning of year $219,213 · end of year $247,107

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,730 · end of year $5,313

  • 25 · Other liabilities

    beginning of year $27,626 · end of year $57,378

  • 27 · Net assets without donor restrictions

    beginning of year $259,695 · end of year $859,030

Mission and programs · 2022

Mission

TO PROVIDE HOUSING FOR THE DISABLED AND LOW INCOME FAMILIES.

  • PROVIDING HOUSING FOR THE DISABLED AND LOW INCOME FAMILIES.

    Expenses $122,431 · Revenue $92,503

As filed on the 2022 return.

Listed in Part VII

  • Gregory J Sorrentino

    PRES/CEO/TRE

    Total calculated
    $400,170
    From this org
    $264
    From related orgs
    $369,080
    Other
    $30,826
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $258 + $354,520 related
    Bonus
    not reported
    Other
    $6 + $14,560 related
    Deferred
    not reported + $13,725 related
    Nontaxable benefits
    $12 + $17,089 related
    Filer's total
    $276 + $399,894 related

  • Marc Antonucci

    SECRETARY

    Total calculated
    $259,865
    From this org
    $181
    From related orgs
    $247,860
    Other
    $11,824
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $173 + $247,568 related
    Bonus
    not reported
    Other
    $8 + $292 related
    Deferred
    not reported + $11,148 related
    Nontaxable benefits
    not reported + $676 related
    Filer's total
    $181 + $259,684 related

  • Brian T Cregin

    COO

    Total calculated
    $208,064
    From this org
    $137
    From related orgs
    $187,039
    Other
    $20,888
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $131 + $184,961 related
    Bonus
    not reported
    Other
    $6 + $2,078 related
    Deferred
    not reported + $8,945 related
    Nontaxable benefits
    $8 + $11,935 related
    Filer's total
    $145 + $207,919 related

  • James P Coleman

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • Rosemarie V Rosen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

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. 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.

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 corporations and trusts

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

  • CENTER COMMERCIAL SERVICES CORP

    C CORP · PRT/RELSUP · NY

  • CENTER TRANSPORTATION SERVICES INC

    C CORP · TRANSPORT · NY

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349303781

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