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← CENTER HOUSING DEVELOPMENT FUND CORPORATION II

Form 990 for tax year 2023

Filed by CENTER HOUSING DEVELOPMENT FUND CORPORATION II.

Totals

Total revenue
$111,619
Total expenses
$145,481
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$109,446
Investment income
$25
Other revenue
$2,148
Total assets, end of year
$867,047
Total liabilities, end of year
$41,837
Net assets or fund balances, end of year
$825,210
Program services expenses (Part IX)
$135,495
Management and general expenses
$9,986
Fundraising expenses
$0
Program service expenses (Part III)
$135,495

Program services were 93.1% 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: HUD ASSISTED REVENUE

    total $58,006 · related or exempt $58,006

  • 2b · Program service revenue: HUD RENT SUBSIDY

    total $51,440 · related or exempt $51,440

  • 3 · Investment income

    total $25 · excluded $25

  • 11a · Other revenue: WORKFORCE STABILIZATION INCEN

    total $1,998 · related or exempt $1,998

  • 11b · Other revenue: HUD LAUNDRY

    total $150 · related or exempt $150

  • 11e · Other revenue, total

    $2,148

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $796 · management and general $796

  • 7 · Other salaries and wages

    total $7,983 · program services $7,983

  • 8 · Pension plan contributions

    total $302 · program services $302

  • 9 · Other employee benefits

    total $396 · program services $396

  • 10 · Payroll taxes

    total $882 · program services $882

  • 11c · Fees: accounting

    total $1,589 · program services $1,589

  • 11g · Fees: other

    total $17,716 · program services $17,716

  • 13 · Office expenses

    total $4 · program services $4

  • 14 · Information technology

    total $1,001 · program services $1,001

  • 16 · Occupancy

    total $9,777 · program services $9,777

  • 17 · Travel

    total $11 · program services $11

  • 20 · Interest

    total $234 · program services $234

  • 22 · Depreciation, depletion and amortization

    total $31,660 · program services $31,660

  • 23 · Insurance

    total $6,656 · program services $6,656

  • 24a · Other expenses: PROPERTY REPAIRS & MAINT

    total $50,367 · program services $50,367

  • 24b · Other expenses: MANAGEMENT FEES

    total $9,190 · management and general $9,190

  • 24c · Other expenses: EQUIPMENT & SUPPLIES

    total $5,454 · program services $5,454

  • 24d · Other expenses: AUTO EXPENSES

    total $1,266 · program services $1,266

  • 24e · All other expenses

    total $197 · program services $197

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,220 · end of year $6,958

  • 4 · Accounts receivable

    beginning of year $1,610 · end of year $10

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

    $1,172,035

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

    $546,470

  • 10c · Land, buildings and equipment, net

    beginning of year $655,784 · end of year $625,565

  • 15 · Other assets

    beginning of year $247,107 · end of year $234,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,313 · end of year $5,365

  • 25 · Other liabilities

    beginning of year $57,378 · end of year $36,472

  • 27 · Net assets without donor restrictions

    beginning of year $859,030 · end of year $825,210

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR THE DISABLED AND LOW INCOME FAMILIES.

  • PROVIDING HOUSING FOR THE DISABLED AND LOW INCOME FAMILIES.

    Expenses $135,495 · Revenue $111,594

As filed on the 2023 return.

Listed in Part VII

  • GREGORY J SORRENTINO

    PRES/CEO/TRE

    Total calculated
    $444,414
    From this org
    $394
    From related orgs
    $411,093
    Other
    $32,927
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $368 + $396,479 related
    Bonus
    not reported
    Other
    $26 + $14,614 related
    Deferred
    not reported + $14,850 related
    Nontaxable benefits
    $16 + $18,061 related
    Filer's total
    $410 + $444,004 related

  • MARC ANTONUCCI

    SECRETARY

    Total calculated
    $254,476
    From this org
    $227
    From related orgs
    $242,794
    Other
    $11,455
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $217 + $242,504 related
    Bonus
    not reported
    Other
    $10 + $290 related
    Deferred
    not reported + $10,734 related
    Nontaxable benefits
    $1 + $720 related
    Filer's total
    $228 + $254,248 related

  • BRIAN T CREGIN

    COO

    Total calculated
    $205,407
    From this org
    $175
    From related orgs
    $183,896
    Other
    $21,336
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $165 + $181,710 related
    Bonus
    not reported
    Other
    $10 + $2,186 related
    Deferred
    not reported + $8,742 related
    Nontaxable benefits
    $11 + $12,583 related
    Filer's total
    $186 + $205,221 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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202413199349303776

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