Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $34,000

• 1c · Fundraising events

  $67,040

• 1e · Government grants (contributions)

  $2,000,707

• 1f · All other contributions, gifts and grants

  $450,739

• 2a · Program service revenue: TECHNICAL ASSISTANCE SERVICES

  total $684,719 · related or exempt $684,719

• 2b · Program service revenue: APPLICATION, CLOSING & OTHER

  total $221,828 · related or exempt $221,828

• 3 · Investment income

  total $27,612 · excluded $27,612

• 7a · Gross sales of assets other than inventory

  securities $582,141 · other assets $979

• 7b · Less cost or other basis and sales expenses

  securities $617,000

• 7c · Gain or loss

  securities -$34,859 · other assets $979

• 7d · Net gain or loss

  total -$33,880 · excluded -$33,880

• 8a · Fundraising events: gross income

  $19,710

• 8a · Fundraising events: contributions included on line 1c

  $67,040

• 8b · Fundraising events: direct expenses

  $35,860

• 8c · Net income from fundraising events

  total -$16,150 · excluded -$16,150

• 11a · Other revenue: REIMBURSEMENT FROM AFFILIATES

  total $594,197 · related or exempt $594,197

• 11e · Other revenue, total

  $594,197

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,047,108 · program services $624,528 · management and general $390,913 · fundraising $31,667

• 7 · Other salaries and wages

  total $1,382,874 · program services $832,485 · management and general $516,263 · fundraising $34,126

• 8 · Pension plan contributions

  total $51,795 · program services $31,383 · management and general $19,215 · fundraising $1,197

• 9 · Other employee benefits

  total $333,713 · program services $200,660 · management and general $124,183 · fundraising $8,870

• 10 · Payroll taxes

  total $157,910 · program services $94,182 · management and general $59,474 · fundraising $4,254

• 11b · Fees: legal

  total $9,713 · program services $5,824 · management and general $3,889

• 11c · Fees: accounting

  total $80,240 · program services $48,120 · management and general $32,120

• 11f · Fees: investment management

  total $2,701 · management and general $2,701

• 11g · Fees: other

  total $639,347 · program services $546,619 · management and general $79,884 · fundraising $12,844

• 12 · Advertising and promotion

  total $27,624 · program services $27,624

• 13 · Office expenses

  total $139,571 · program services $81,839 · management and general $49,222 · fundraising $8,510

• 16 · Occupancy

  total $149,425 · program services $89,610 · management and general $55,789 · fundraising $4,026

• 17 · Travel

  total $12,224 · program services $7,954 · management and general $4,254 · fundraising $16

• 19 · Conferences, conventions and meetings

  total $12,588 · program services $8,114 · management and general $4,173 · fundraising $301

• 20 · Interest

  total $584 · management and general $584

• 22 · Depreciation, depletion and amortization

  total $123,503 · program services $74,065 · management and general $49,438

• 23 · Insurance

  total $80,511 · program services $48,282 · management and general $30,060 · fundraising $2,169

• 24a · Other expenses: SUBSCRIPTIONS/PUBLICATNS

  total $49,585 · program services $36,774 · management and general $12,811

• 24b · Other expenses: PRESCREENING COSTS

  total $40,247 · program services $40,247

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $27,544 · program services $16,218 · management and general $10,826 · fundraising $500

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,016,505 · end of year $1,249,967

• 2 · Savings and temporary cash investments

  beginning of year $1,858,245 · end of year $2,818,416

• 4 · Accounts receivable

  beginning of year $1,665,985 · end of year $697,796

• 9 · Prepaid expenses and deferred charges

  beginning of year $61,323 · end of year $39,127

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

  $929,594

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

  $788,873

• 10c · Land, buildings and equipment, net

  beginning of year $170,893 · end of year $140,721

• 11 · Investments: publicly traded securities

  beginning of year $3,442,079 · end of year $4,054,694

• 12 · Investments: other securities

  beginning of year $1,401,382 · end of year $1,262,133

• 15 · Other assets

  beginning of year $676,455 · end of year $590,145

• 17 · Accounts payable and accrued expenses

  beginning of year $849,163 · end of year $724,362

• 19 · Deferred revenue

  beginning of year $111,792 · end of year $112,124

• 21 · Escrow or custodial account liability

  beginning of year $1,537,316 · end of year $1,623,436

• 25 · Other liabilities

  beginning of year $3,744,045 · end of year $3,585,516

• 27 · Net assets without donor restrictions

  beginning of year $4,234,512 · end of year $4,028,417

• 28 · Net assets with donor restrictions

  beginning of year $816,039 · end of year $779,144

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7

IN 2023, EXECUTIVE OFFICERS APPROVED AN ANNUAL BONUS FOR THE NON-EXECUTIVE OFFICER IN THE AMOUNT REFLECTED IN PART VII OF FORM 990.

Related corporations and trusts

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

• LI SNR CITIZEN HSNG BROADWAY WEST

  C CORP · DEV RNT UN · NY · 100% owned

• LI SENIOR HSNG AT MEDFORD LANDING

  C CORP · DEV RNT UN · NY · 100% owned

• HG HOUSING DEVELOPMENT FUND CO INC

  C CORP · DEV RNT UN · NY · 100% owned · share of assets $17,414

  Directly controlled by LIHP