Skip to content
Nonprofiteer
← HOUSING OPPORTUNITIES HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by HOUSING OPPORTUNITIES HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$281,551
Total expenses
$502,085
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$279,143
Investment income
$25
Other revenue
$2,383
Total assets, end of year
$1,496,020
Total liabilities, end of year
$2,890,873
Net assets or fund balances, end of year
-$1,394,853
Program services expenses (Part IX)
$450,139
Management and general expenses
$51,946
Fundraising expenses
$0
Program service expenses (Part III)
$450,139

Program services were 89.7% 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: Rental Income

    total $279,143 · related or exempt $279,143

  • 3 · Investment income

    total $25 · excluded $25

  • 11a · Other revenue: Other Income

    total $2,383 · related or exempt $2,383

  • 11e · Other revenue, total

    $2,383

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $25,713 · program services $25,713

  • 11b · Fees: legal

    total $13,797 · management and general $13,797

  • 11c · Fees: accounting

    total $2,390 · management and general $2,390

  • 11g · Fees: other

    total $88,140 · program services $88,140

  • 13 · Office expenses

    total $5,963 · program services $1,404 · management and general $4,559

  • 16 · Occupancy

    total $176,015 · program services $176,015

  • 17 · Travel

    total $651 · program services $651

  • 19 · Conferences, conventions and meetings

    total $316 · program services $316

  • 20 · Interest

    total $14,055 · program services $14,055

  • 22 · Depreciation, depletion and amortization

    total $92,195 · program services $92,195

  • 23 · Insurance

    total $48,794 · program services $48,794

  • 24a · Other expenses: Bad Debt Expense

    total $31,200 · management and general $31,200

  • 24e · All other expenses

    total $2,856 · program services $2,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,517 · end of year $14,315

  • 2 · Savings and temporary cash investments

    beginning of year $173,415 · end of year $168,436

  • 4 · Accounts receivable

    beginning of year $21,260 · end of year $13,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,643 · end of year $22,931

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

    $2,789,823

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

    $1,661,815

  • 10c · Land, buildings and equipment, net

    beginning of year $1,198,903 · end of year $1,128,008

  • 13 · Investments: program-related

    beginning of year $139,010 · end of year $139,010

  • 15 · Other assets

    beginning of year $9,357 · end of year $9,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $267,672 · end of year $149,432

  • 19 · Deferred revenue

    beginning of year $2,747 · end of year $17,997

  • 21 · Escrow or custodial account liability

    beginning of year $9,357 · end of year $9,840

  • 23 · Secured mortgages and notes payable

    beginning of year $2,193,713 · end of year $2,193,713

  • 25 · Other liabilities

    beginning of year $502,701 · end of year $519,891

  • 27 · Net assets without donor restrictions

    beginning of year -$1,385,085 · end of year -$1,394,853

Mission and programs · 2022

Mission

Developing, maintaining, and operating affordable housing for person of low income.

Activities or mission (Part I)

Developing, maintaining, and operating affordable housing for low/very low income individuals.

  • The sole program of Housing Opportunities Housing Development Fund Corporation is to maintain affordable housing for low and very low income individuals within the greater Rochester, New York area.

    Expenses $450,139 · Revenue $281,526

As filed on the 2022 return.

Listed in Part VII

  • Alexander D Castro

    Vice President

    Total calculated
    $256,796
    From this org
    $0
    From related orgs
    $243,302
    Other
    $13,494
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,302 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,299 related
    Nontaxable benefits
    $0 + $6,195 related
    Filer's total
    $0 + $256,796 related

  • Kathleen Greeley

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • Jean Lowe

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jason Sackett

    President

    Total calculated
    $78,423
    From this org
    $0
    From related orgs
    $76,139
    Other
    $2,284
    Hours/week
    0.1 + 40 related

  • Kathryn Bryan

    Vice President

    Total calculated
    $186,002
    From this org
    $0
    From related orgs
    $173,543
    Other
    $12,459
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,543 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,206 related
    Nontaxable benefits
    $0 + $7,253 related
    Filer's total
    $0 + $186,002 related

  • Ruperto Montero

    Vice President and Treasurer

    Total calculated
    $221,951
    From this org
    $0
    From related orgs
    $209,888
    Other
    $12,063
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,888 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,297 related
    Nontaxable benefits
    $0 + $5,766 related
    Filer's total
    $0 + $221,951 related

  • Leslie W Kernan Jr

    Secretary

    Total calculated
    $197,190
    From this org
    $0
    From related orgs
    $191,447
    Other
    $5,743
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,447 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,743 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,190 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

The filer's explanations (Part III)

Part I, Line 3
The wages and benefits of all top management employees are determined by the personnel committee of PathStone Corporation, the related organization, as part of its ongoing wage comparative studies and benefit budgeting process. The process includes independent review, comparability data, and deliberation by a compensation committee.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Ada Ridge Partners II LLC

    N/A · Affordable Housing · NY

  • Ada Ridge Partners LP

    Related · Affordable Housing · NY

  • Albion Senior Living LLC

    N/A · Affordable Housing · NY

  • Alturas de Castaner LP

    N/A · Affordable Housing · NY

  • Andrews Terrace LLC

    N/A · Affordable Housing · NY

  • Anthony Square LP

    N/A · Affordable Housing · NY

  • April Meadows LP

    N/A · Affordable Housing · NY

  • Beechwood Apartments LLC

    N/A · Affordable Housing · NY

  • Bradmar Village LLC

    N/A · Affordable Housing · NY

  • Breckenridge on Seneca LLC

    N/A · Affordable Housing · NY

  • Briarwood Place LP

    N/A · Affordable Housing · NY

  • Brower Road LLC

    N/A · Affordable Housing · NY

  • Canal Place LP

    N/A · Affordable Housing · NY

  • Canal View Senior Housing LLC

    N/A · Affordable Housing · NY

  • Castle Street Associates LP

    N/A · Affordable Housing · NY

  • Cedar Creek Housing LLC

    N/A · Affordable Housing · NY

  • Central Place LP

    Related · Affordable Housing · NY · 99% owned · share of income -$79,408 · share of assets -$509,826

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • Clarkson-Seldon Square Partners LP

    N/A · Affordable Housing · NY

  • Clayton Heights LP

    Related · Affordable Housing · NY · 0.01% owned · share of income -$812 · share of assets $18,953

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • Clifton Commons Associates LP

    N/A · Affordable Housing · NY

  • Creekside Clearing LP

    N/A · Affordable Housing · NY

  • Crerand Commons LLC

    N/A · Affordable Housing · NY

  • Destiny at WCP LP

    N/A · General Housing · NY

  • Eastman Reserve LLC

    N/A · Affordable Housing · NY

  • Elliott's Landing LP

    N/A · Affordable Housing · NY

  • Elmgrove Place LP

    N/A · Affordable Housing · NE

  • Fullerton Lofts LP

    N/A · Affordable Housing · NY

  • Gettysburg Scattered Sites Associates

    N/A · Affordable Housing · NY

  • Hale Court LP

    N/A · Affordable Housing · NY

  • Heritage Meadows Partners LP

    N/A · Affordable Housing · NY

  • Highland Meadows Partners LLC

    N/A · Affordable Housing · NY

  • Lander Street Partners II LP

    N/A · Affordable Housing · NY

  • Lander Street Partners III LLC

    N/A · Affordable Housing · NY

  • Lander Street Partners LP

    N/A · Affordable Housing · NY

  • Lehigh Managing Member LLC

    N/A · Affordable Housing · NY

  • LivMoor Portfolio LLC

    N/A · Affordable Housing · NY

  • Long Pond Senior Apartments LLC

    N/A · Affordable Housing · NY

  • Macartovin Apartments LLC

    N/A · Affordable Housing · NY

  • Marketview Housing LP

    Related · Affordable Housing · NY · 99% owned · share of income -$131,721 · share of assets $1,240,305

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • Marketview Phase II LP

    Related · Affordable Housing · NY · 99.99% owned · share of income -$27,896 · share of assets $31,330

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • MJ Estates II LLC

    N/A · Affordable Housing · NY

  • MJ Estates LP

    N/A · Affordable Housing · NY

  • Monica Homes LLC

    N/A · Affordable Housing · NY

  • Niagara Place LP

    Related · Affordable Housing · NY · 99% owned · share of income -$67,525 · share of assets $61,345

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • Ontario Place LP

    N/A · Affordable Housing · NY

  • Oxford Crossing Apartments

    N/A · Affordable Housing · NY

  • PABH Development LLC

    N/A · Affordable Housing · NY

  • PathStone Wedgepoint LLC

    N/A · Affordable Housing · NY

  • Pinnacle Apartments LLC

    N/A · Affordable Housing · NY

  • Portal De San German LLC

    N/A · Affordable Housing · NY

  • Rexford Place LP

    N/A · Affordable Housing · NY

  • Sandy Creek Associates LP

    N/A · Affordable Housing · NY

  • Seldon Square II LLC

    N/A · Affordable Housing · NY

  • Sisson Reserve II LLC

    N/A · Affordable Housing · NY

  • Sisson Reserve LLC

    N/A · Affordable Housing · NY

  • SLM Apartments LLC

    N/A · Affordable Housing · NY

  • Stone Quarry Apartments LLC

    N/A · Affordable Housing · NY

  • Stonewood Village LLC

    N/A · Affordable Housing · NY

  • Susan B Anthony LP

    N/A · Affordable Housing · NY

  • Thompson Building Associates LP

    N/A · Affordable Housing · NY

  • Towpath III LP

    N/A · Affordable Housing · NY

  • Washington Park Associates LP

    N/A · Affordable Housing · NY

  • Westminister Place LP

    Related · Affordable Housing · NY · 98.99% owned · share of income $1,047 · share of assets $648,394

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • Woodward LP

    Related · Affordable Housing · NY · 99.99% owned · share of income -$61,936 · share of assets $175,928

    Directly controlled by Housing Opportunities Housing Development Fund Corporation

  • Baird Road Development LLC

    N/A · Affordable Housing · NY

Related corporations and trusts

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

  • Alliance Homes II Corp

    C · General Partner in L.P. Transactions · NY

  • Crerand Commons MM Corporation

    C · General Partner in L.P. Transactions · NY

  • Destiny at Wilson Commencement Park

    C · General Partner in L.P. Transactions · NY

  • Eastman Reserve MM Corporation

    C · General Partner in L.P. Transactions · NY

  • Jamestown Managing Member LLC

    C · General Partner in L.P. Transactions · NY

  • Marketview Housing Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Breckenridge Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Long Pond Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Stone Quarry Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Wedgepoint MM Corporation

    C · General Partner in L.P. Transactions · NY

  • PathStone Whitehall Acres LLC

    C · General Partner in L.P. Transactions · NY

  • PDC Towpath Corporation

    C · General Partner in L.P. Transactions · NY

  • PHEDCO Investments Inc

    C · General Partner in L.P. Transactions · NY

  • Pinnacle Managing Member LLC

    C · General Partner in L.P. Transactions · NY

  • RHAC Development Corporation

    C · General Partner in L.P. Transactions · NY

  • RHOC Crossman Inc

    C · General Partner in L.P. Transactions · NY

  • Rural Housing Opportunities Development Corp

    C · General Partner in L.P. Transactions · NY

  • Salem Senior Housing Corp

    C · General Partner in L.P. Transactions · NY

  • Sisson Reserve MM II LLC

    C · General Partner in L.P. Transactions · NY

  • Sisson Reserve MM LLC

    C · General Partner in L.P. Transactions · NY

  • Sisson Sewage Works Corporation

    C · General Partner in L.P. Transactions · NY

  • Slater Neighborhood Inc

    C · General Partner in L.P. Transactions · NY

  • Baird Road MM LLC

    C · General Partner in L.P. Transactions · NY

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202410789349300851

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.