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Nonprofiteer
← MOHAWK VALLEY COMMUNITY COLLEGE DORMITORY CORP

Form 990 for tax year 2022

Filed by MOHAWK VALLEY COMMUNITY COLLEGE DORMITORY CORP.

Totals

Total revenue
$2,593,395
Total expenses
$2,374,399
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,454,282
Investment income
$51,546
Other revenue
$87,567
Total assets, end of year
$10,755,902
Total liabilities, end of year
$5,856,192
Net assets or fund balances, end of year
$4,899,710
Program services expenses (Part IX)
$1,916,075
Management and general expenses
$458,324
Fundraising expenses
$0
Program service expenses (Part III)
$1,916,075

Program services were 80.7% 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: ROOM RENTS

    total $2,064,668 · related or exempt $2,064,668

  • 2b · Program service revenue: SUMMER CONFERENCE FEES

    total $387,951 · related or exempt $387,951

  • 2c · Program service revenue: VENDING COMMISSION

    total $1,663 · related or exempt $1,663

  • 3 · Investment income

    total $53,705 · excluded $53,705

  • 7a · Gross sales of assets other than inventory

    securities $203,595

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

    securities $205,754

  • 7c · Gain or loss

    securities -$2,159

  • 7d · Net gain or loss

    total -$2,159 · excluded -$2,159

  • 11a · Other revenue: MISCELLANEOUS

    total $50,474 · related or exempt $50,474

  • 11b · Other revenue: FORFEITED DEPOSITS & D

    total $26,743 · related or exempt $26,743

  • 11c · Other revenue: ORIENTATION FEE

    total $10,350 · related or exempt $10,350

  • 11e · Other revenue, total

    $87,567

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $415,443 · program services $415,443

  • 9 · Other employee benefits

    total $85,761 · program services $85,761

  • 10 · Payroll taxes

    total $30,719 · program services $30,719

  • 11a · Fees: management

    total $78,881 · management and general $78,881

  • 11b · Fees: legal

    total $6,643 · management and general $6,643

  • 11c · Fees: accounting

    total $10,651 · management and general $10,651

  • 11f · Fees: investment management

    total $11,952 · management and general $11,952

  • 13 · Office expenses

    total $3,168 · program services $3,168

  • 17 · Travel

    total $3,749 · program services $3,749

  • 20 · Interest

    total $206,217 · management and general $206,217

  • 22 · Depreciation, depletion and amortization

    total $445,084 · program services $445,084

  • 23 · Insurance

    total $82,734 · program services $82,734

  • 24a · Other expenses: UTILITIES

    total $325,919 · program services $325,919

  • 24b · Other expenses: SECURITY

    total $191,604 · program services $191,604

  • 24c · Other expenses: BOND TRUSTEE FEES

    total $104,792 · management and general $104,792

  • 24d · Other expenses: TEMPORARY SERVICES

    total $97,649 · program services $97,649

  • 24e · All other expenses

    total $273,433 · program services $234,245 · management and general $39,188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,146,549 · end of year $221,244

  • 2 · Savings and temporary cash investments

    beginning of year $684,161 · end of year $1,142,809

  • 3 · Pledges and grants receivable

    beginning of year $845 · end of year $1,171

  • 4 · Accounts receivable

    beginning of year $137,410 · end of year $150,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,582 · end of year $36,922

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

    $16,873,460

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

    $8,902,916

  • 10c · Land, buildings and equipment, net

    beginning of year $8,259,267 · end of year $7,970,544

  • 11 · Investments: publicly traded securities

    beginning of year $1,172,679 · end of year $1,232,443

  • 17 · Accounts payable and accrued expenses

    beginning of year $364,302 · end of year $356,623

  • 19 · Deferred revenue

    beginning of year $45,453 · end of year $30,870

  • 23 · Secured mortgages and notes payable

    beginning of year $4,910,516 · end of year $4,622,622

  • 25 · Other liabilities

    beginning of year $1,904,526 · end of year $846,077

  • 27 · Net assets without donor restrictions

    beginning of year $4,205,696 · end of year $4,899,710

Mission and programs · 2022

Mission

THE DORMITORY CORPORATION'S PRIMARY MISSION IS TO PROVIDE HOUSING FACILITIES TO THE STUDENTS OF MOHAWK VALLEY COMMUNITY COLLEGE.

Activities or mission (Part I)

TO PROVIDE HOUSING FACILITIES TO STUDENTS OF MOHAWK VALLEY COMMUNITY COLLEGE

  • THE DORMITORY CORPORATION PROVIDES HOUSING FACILITIES TO STUDENTS OF MOHAWK VALLEY COMMUNITY COLLEGE.

    Expenses $1,916,075 · Revenue $2,541,849

As filed on the 2022 return.

Listed in Part VII

  • David Mathis

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Anthony Colon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Camille Kahler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William Calli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wendy Waters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elaine Falvo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Anna D'Ambrosio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dana Jerrard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frank Dubeck

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hanadi Tajir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dennis Gibbons

    SECRETARY

    Total calculated
    $123,566
    From this org
    $0
    From related orgs
    $102,029
    Other
    $21,537
    Hours/week
    23 + 12 related

  • Stephanie Reynolds

    ASSISTANT SECRETARY

    Total calculated
    $188,020
    From this org
    $0
    From related orgs
    $158,964
    Other
    $29,056
    Hours/week
    7 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,964 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,658 related
    Nontaxable benefits
    $0 + $8,398 related
    Filer's total
    $0 + $188,020 related

  • Randall Vanwagoner

    PRESIDENT

    Total calculated
    $335,941
    From this org
    $0
    From related orgs
    $279,629
    Other
    $56,312
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,629 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,031 related
    Nontaxable benefits
    $0 + $23,281 related
    Filer's total
    $0 + $335,941 related

  • Thomas Squires

    ASSISTANT TREASURER

    Total calculated
    $197,609
    From this org
    $0
    From related orgs
    $146,878
    Other
    $50,731
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,878 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $23,281 related
    Filer's total
    $0 + $197,609 related

  • Mary Beth Murphy

    TREASURER

    Total calculated
    $94,904
    From this org
    $0
    From related orgs
    $75,069
    Other
    $19,835
    Hours/week
    5 + 30 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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 April 2024
IRS schema version
2022v5.0
Source object
202411039349301951

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