Form 990 for tax year 2022
Filed by FORTUNE HOUSING DEVELOPMENT FUND CORPORATION.
Totals
- Total revenue
- -$132,171
- Total expenses
- $1,891
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $16
- Other revenue
- -$132,187
- Total assets, end of year
- -$770,573
- Total liabilities, end of year
- $37,116
- Net assets or fund balances, end of year
- -$807,689
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $1,891
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
3 · Investment income
total $16 · excluded $16
-
6b · Less rental expenses
real property $132,187
-
6c · Rental income or loss
real property -$132,187
-
6d · Net rental income or loss
total -$132,187 · excluded -$132,187
Functional expenses
Part IX, the statement of functional expenses.
-
24a · Other expenses: MISCELLANEOUS
total $1,891 · management and general $1,891
Balance sheet
Part X, book values.
-
13 · Investments: program-related
beginning of year -$658,676 · end of year -$790,847
-
15 · Other assets
beginning of year $20,274 · end of year $20,274
-
25 · Other liabilities
beginning of year $35,225 · end of year $37,116
-
28 · Net assets with donor restrictions
beginning of year -$673,627 · end of year -$807,689
Mission and programs · 2022
Mission
FORTUNE HFDC WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING LOW INCOME HOUSING.
Activities or mission (Part I)
THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING LOW INCOME HOUSING.
-
THE FORTUNE HDFC WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING LOW INCOME HOUSING.
As filed on the 2022 return.
Listed in Part VII
-
Betty P RauchBETTY P RAUCH
PRESIDENT/CEO
- Total calculated
- $0
- Hours/week
- 2
-
Joanne PageJOANNE PAGE
SECRETARY
- Total calculated
- $319,136
- From this org
- $0
- From related orgs
- $294,163
- Other
- $24,973
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $292,944 related
- Bonus
- $0
- Other
- $0 + $1,219 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $24,973 related
- Filer's total
- $0 + $319,136 related
-
Sherry GoldsteinSHERRY GOLDSTEIN
TREASURER
- Total calculated
- $217,041
- From this org
- $0
- From related orgs
- $199,629
- Other
- $17,412
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $198,018 related
- Bonus
- $0
- Other
- $0 + $1,611 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,412 related
- Filer's total
- $0 + $217,041 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
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.
-
501(C)(3) · TO SUPPORT SUCCESSFUL RE-ENTRY FROM INCARCERATION · NY
Directly controlled by THE FORTUNE SOCIETY
-
FORTUNE W 140TH ST HOUSING DEV FUND
501(C)(3) · LOW INCOME HOUSING · NY
Directly controlled by THE FORTUNE SOCIETY
-
1080 WASHINGTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION
501(C)(3) · LOW INCOME HOUSING · NY
Directly controlled by THE FORTUNE SOCIETY
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.
-
FORTUNE LP
RELATED · DEVELOPING AND OPERATING LOW INCOME HOUSING · NY · 99.99% owned
Directly controlled by THE FORTUNE SOCIETY
-
625 WEST 140TH STREET L P
DEVELOPING AND OPERATING LOW INCOME HOUSING · NY
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FORTUNE GP INC
C · LOW INCOME HOUSING · NY
-
FORTUNE WEST 140TH STREET GP
C · LOW INCOME HOUSING · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349328513
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.