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Nonprofiteer
← N S COMMUNITY PLANNING AND DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by N S COMMUNITY PLANNING AND DEVELOPMENT CORP.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 2 January 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,120,075 changed to $1,039,778
Total expenses
$5,181,749 changed to $1,053,844
Investment income
$0 changed to -$145,513
Other revenue
$5,600 changed to $70,816
Total assets, end of year
$508,821 changed to $3,402,466
Total liabilities, end of year
$2,911,530 changed to $1,757,567
Net assets or fund balances, end of year
-$2,402,709 changed to $1,644,899
Program services expenses
$5,003,868 changed to $874,611
Management and general expenses
$177,881 changed to $179,233
Program service expenses (Part III)
$5,003,868 changed to $874,611

Totals

Total revenue
$1,120,075
Total expenses
$5,181,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,114,475
Investment income
$0
Other revenue
$5,600
Total assets, end of year
$508,821
Total liabilities, end of year
$2,911,530
Net assets or fund balances, end of year
-$2,402,709
Program services expenses (Part IX)
$5,003,868
Management and general expenses
$177,881
Fundraising expenses
$0
Program service expenses (Part III)
$5,003,868

Program services were 96.6% 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: MANAGEMENT FEES

    total $1,114,475 · related or exempt $1,114,475

  • 6a · Gross rents

    real property $5,600

  • 6c · Rental income or loss

    real property $5,600

  • 6d · Net rental income or loss

    total $5,600 · excluded $5,600

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $91,788 · program services $74,782 · management and general $17,006

  • 7 · Other salaries and wages

    total $349,348 · program services $284,621 · management and general $64,727

  • 9 · Other employee benefits

    total $10,943 · program services $8,754 · management and general $2,189

  • 10 · Payroll taxes

    total $36,249 · program services $28,999 · management and general $7,250

  • 11b · Fees: legal

    total $2,698 · program services $2,158 · management and general $540

  • 11c · Fees: accounting

    total $42,516 · program services $34,013 · management and general $8,503

  • 11g · Fees: other

    total $180,907 · program services $144,726 · management and general $36,181

  • 12 · Advertising and promotion

    total $255 · program services $255

  • 13 · Office expenses

    total $38,420 · program services $30,736 · management and general $7,684

  • 16 · Occupancy

    total $73,990 · program services $59,192 · management and general $14,798

  • 17 · Travel

    total $2,560 · program services $2,048 · management and general $512

  • 20 · Interest

    total $22,917 · program services $18,334 · management and general $4,583

  • 22 · Depreciation, depletion and amortization

    total $24,121 · program services $24,121

  • 23 · Insurance

    total $36,479 · program services $29,183 · management and general $7,296

  • 24a · Other expenses: PROGRAM EXPENSES

    total $4,235,496 · program services $4,235,496

  • 24b · Other expenses: SUNDRY

    total $33,062 · program services $26,450 · management and general $6,612

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $539,062 · end of year $196,706

  • 4 · Accounts receivable

    beginning of year $161,175

  • 7 · Other notes and loans receivable

    beginning of year $1,275,760 · end of year $65,000

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

    $398,536

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

    $154,137

  • 10c · Land, buildings and equipment, net

    beginning of year $266,837 · end of year $244,399

  • 12 · Investments: other securities

    beginning of year $1,249,220 · end of year -$1,024,434

  • 15 · Other assets

    beginning of year $606,099 · end of year $1,027,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,041 · end of year $46,767

  • 23 · Secured mortgages and notes payable

    end of year $1,500,000

  • 25 · Other liabilities

    end of year $1,364,763

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,092,112 · end of year -$2,402,709

Mission and programs · 2022

Mission

PERFORMING COMMUNITY & ECONOMIC DEVELOPMENT ACTIVITIES

  • ASSISTED THE LOCAL HOUSING AUTHORITY AND OTHER HOUSING RELATED ENTITIES IN MANAGING VARIOUS GOVERNMENT HOUSING PROGRAMS

    Expenses $5,003,868 · Revenue $1,114,475

As filed on the 2022 return.

Listed in Part VII

  • Betty Mermelstein

    EXEC DIR./SE

    Total calculated
    $91,788
    From this org
    $91,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Abraham Biston

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jacob Braun

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Spitzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

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.

  • NEW SQUARE LP

    REAL ESTAT · NY · 98% owned

  • NSCPDC LP

    REAL ESTAT · NY · 99.5% owned

  • NEW SQUARE LP II

    REAL ESTAT · NY · 99% owned

  • NEW SQUARE LP III

    REAL ESTAT · NY · 99.9% owned

Related corporations and trusts

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

  • 798 CLEVELAND CORPORATION

    REAL ESTAT · NY · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349318681

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