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← NYSD ROMBOUTS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by NYSD ROMBOUTS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,069,711
Total expenses
$891,634
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,048,926
Investment income
$20,785
Other revenue
$0
Total assets, end of year
$2,341,639
Total liabilities, end of year
$3,721,192
Net assets or fund balances, end of year
-$1,379,553
Program services expenses (Part IX)
$816,967
Management and general expenses
$74,667
Fundraising expenses
$0
Program service expenses (Part III)
$816,967

Program services were 91.6% 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: RENT REVENUE

    total $1,048,926 · related or exempt $1,048,926

  • 3 · Investment income

    total $20,785 · excluded $20,785

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $70,944 · program services $70,944

  • 9 · Other employee benefits

    total $27,712 · program services $27,712

  • 10 · Payroll taxes

    total $6,257 · program services $6,257

  • 11a · Fees: management

    total $48,094 · management and general $48,094

  • 11b · Fees: legal

    total $1,540 · management and general $1,540

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11g · Fees: other

    total $5,830 · management and general $5,830

  • 13 · Office expenses

    total $10,893 · program services $10,893

  • 16 · Occupancy

    total $222,741 · program services $222,741

  • 22 · Depreciation, depletion and amortization

    total $108,615 · program services $108,615

  • 23 · Insurance

    total $93,979 · program services $93,979

  • 24a · Other expenses: SECURITY CONTRACT

    total $208,593 · program services $208,593

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $50,440 · program services $50,440

  • 24c · Other expenses: RESIDUAL RECEIPTS RECAP

    total $10,313 · program services $10,313

  • 24d · Other expenses: MISCELLANEOUS ADMINISTR

    total $9,096 · management and general $9,096

  • 24e · All other expenses

    total $6,587 · program services $6,480 · management and general $107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,011 · end of year $52,487

  • 4 · Accounts receivable

    beginning of year $44,586 · end of year $45,484

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,942 · end of year $41,696

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

    $4,279,591

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

    $2,665,734

  • 10c · Land, buildings and equipment, net

    beginning of year $1,679,346 · end of year $1,613,857

  • 15 · Other assets

    beginning of year $837,513 · end of year $588,115

  • 17 · Accounts payable and accrued expenses

    beginning of year $332,460 · end of year $234,935

  • 19 · Deferred revenue

    beginning of year $1,736 · end of year $5,210

  • 23 · Secured mortgages and notes payable

    beginning of year $3,296,816 · end of year $3,465,300

  • 25 · Other liabilities

    beginning of year $376,532 · end of year $15,747

  • 27 · Net assets without donor restrictions

    beginning of year -$1,614,146 · end of year -$1,604,553

  • 28 · Net assets with donor restrictions

    beginning of year $225,000 · end of year $225,000

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR THE DEAF, DEAF-BLIND, AND DISABLED PERSONS.

Activities or mission (Part I)

PROVIDING HOUSING FOR DEAF, DEAF-BLIND AND DISABLED PERSONS OF LOW INCOME.

  • NYSD ROMBOUTS HDFC'S PRINCIPAL PURPOSE IS TO PROVIDE HOUSING FOR THE DEAF. THIS HOUSING PROGRAM HAS 32 APARTMENT UNITS.

    Expenses $816,967 · Revenue $1,048,926

As filed on the 2023 return.

Listed in Part VII

  • Judith Pincus

    PRESIDENT

    Total calculated
    $222,043
    From this org
    $0
    From related orgs
    $185,519
    Other
    $36,524
    Hours/week
    1.5 + 33.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,332 related
    Bonus
    $0
    Other
    $0 + $1,187 related
    Deferred
    $0 + $5,875 related
    Nontaxable benefits
    $0 + $30,649 related
    Filer's total
    $0 + $222,043 related

  • Michael Kirshner

    VP/TREASURER

    Total calculated
    $96,266
    From this org
    $0
    From related orgs
    $84,995
    Other
    $11,271
    Hours/week
    1 + 34 related

  • Andrew Slutsky

    SECRETARY

    Total calculated
    $169,100
    From this org
    $0
    From related orgs
    $115,832
    Other
    $53,268
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,508 related
    Bonus
    $0
    Other
    $0 + $324 related
    Deferred
    $0 + $3,667 related
    Nontaxable benefits
    $0 + $49,601 related
    Filer's total
    $0 + $169,100 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

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.

  • HR DYNAMICS INC

    C · INACTIVE · NY

  • ALLSECTOR TECHNOLOGY GROUP INC

    C · INACTIVE · NY

  • STAFF RESOURCES INC

    C · INACTIVE · NY

  • FEGS HOLDING CORP

    C · DORMANT · NY

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2025
IRS schema version
2023v6.0
Source object
202531059349300613

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