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← 417 HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2022

Filed by 417 HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$160,274
Total expenses
$131,587
Contributions and grants received
$100,000
Grants paid
$0
Program service revenue
$60,274
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,409,833
Total liabilities, end of year
$2,381,399
Net assets or fund balances, end of year
$28,434
Program services expenses (Part IX)
$131,587
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$131,587

Program services were 100.0% 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.

  • 1d · Related organizations

    $100,000

  • 2a · Program service revenue: RENTAL INCOME

    total $60,274 · related or exempt $60,274

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,918 · program services $3,918

  • 11c · Fees: accounting

    total $7,000 · program services $7,000

  • 11g · Fees: other

    total $1,795 · program services $1,795

  • 16 · Occupancy

    total $9,554 · program services $9,554

  • 20 · Interest

    total $135 · program services $135

  • 22 · Depreciation, depletion and amortization

    total $77,993 · program services $77,993

  • 23 · Insurance

    total $4,616 · program services $4,616

  • 24a · Other expenses: PROPERTY STABILIZATION

    total $19,250 · program services $19,250

  • 24b · Other expenses: PROPERTY TAXES

    total $4,677 · program services $4,677

  • 24c · Other expenses: BANK CHARGES

    total $1,846 · program services $1,846

  • 24d · Other expenses: TELEPHONE, INTERNET & I

    total $683 · program services $683

  • 24e · All other expenses

    total $120 · program services $120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,561 · end of year $21,480

  • 4 · Accounts receivable

    beginning of year $0 · end of year $8,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,857 · end of year $3,780

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

    $2,426,190

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

    $77,422

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,348,768

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,072,320 · end of year $26,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,342 · end of year $9,051

  • 23 · Secured mortgages and notes payable

    beginning of year $2,063,994 · end of year $2,279,532

  • 25 · Other liabilities

    beginning of year $11,655 · end of year $92,816

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$47 · end of year $28,434

Mission and programs · 2022

Mission

TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME IN THE CITY OF BUFFALO, NEW YORK.

  • TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, WHICH HOUSING ACCOMODATIONS INCLUDE 9 LOW-INCOME RESIDENTIAL UNITS AND 1 COMMERCIAL UNIT, LOCATED IN THE CITY OF BUFFALO, NEW YORK.

    Expenses $131,587 · Revenue $60,274

As filed on the 2022 return.

Listed in Part VII

  • Robert Jahnke

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ramone Alexander

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jim Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Rahwa Ghirmatzion

    VICE PRESIDENT

    Total calculated
    $97,078
    From this org
    $0
    From related orgs
    $97,078
    Other
    $0
    Hours/week
    2 + 40 related

  • Dawn Wells-Clyburn

    VICE PRESIDENT

    Total calculated
    $63,048
    From this org
    $0
    From related orgs
    $63,048
    Other
    $0
    Hours/week
    2 + 40 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.

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.

  • S77 LLC

    N/A · REAL ESTATE RENTAL · NY

Related corporations and trusts

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

  • S77 MM LLC

    C · REAL ESTATE RENTAL · NY

  • PUSH GRO INC

    C · REAL ESTATE RENTAL · NY

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323129349302127

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