Skip to content
Nonprofiteer
← CICERO COMMONS SENIOR HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by CICERO COMMONS SENIOR HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$230,438
Total expenses
$267,343
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$228,968
Investment income
$1,470
Other revenue
$0
Total assets, end of year
$1,363,892
Total liabilities, end of year
$38,728
Net assets or fund balances, end of year
$1,325,164
Program services expenses (Part IX)
$213,251
Management and general expenses
$54,092
Fundraising expenses
$0
Program service expenses (Part III)
$213,251

Program services were 79.8% 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 - HUD

    total $125,707 · related or exempt $125,707

  • 2b · Program service revenue: RENTAL INCOME - TENANT

    total $103,261 · related or exempt $103,261

  • 3 · Investment income

    total $1,470 · excluded $1,470

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $54,842 · program services $54,842

  • 9 · Other employee benefits

    total $3,893 · program services $3,893

  • 10 · Payroll taxes

    total $5,338 · program services $5,338

  • 11a · Fees: management

    total $23,306 · management and general $23,306

  • 11c · Fees: accounting

    total $12,348 · management and general $12,348

  • 12 · Advertising and promotion

    total $178 · management and general $178

  • 13 · Office expenses

    total $11,734 · management and general $11,734

  • 16 · Occupancy

    total $58,586 · program services $58,586

  • 19 · Conferences, conventions and meetings

    total $48 · management and general $48

  • 22 · Depreciation, depletion and amortization

    total $65,842 · program services $65,842

  • 23 · Insurance

    total $17,075 · program services $17,075

  • 24a · Other expenses: MISC. ADMIN

    total $13,868 · program services $7,390 · management and general $6,478

  • 24b · Other expenses: BAD DEBT

    total $285 · program services $285

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $567 · end of year $1,277

  • 4 · Accounts receivable

    beginning of year $22,869 · end of year $22,696

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,296 · end of year $16,933

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

    $2,254,317

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

    $1,122,849

  • 10c · Land, buildings and equipment, net

    beginning of year $1,197,310 · end of year $1,131,468

  • 15 · Other assets

    beginning of year $150,040 · end of year $191,518

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,863 · end of year $16,621

  • 19 · Deferred revenue

    beginning of year $2,686 · end of year $4,125

  • 25 · Other liabilities

    beginning of year $8,464 · end of year $17,982

  • 27 · Net assets without donor restrictions

    beginning of year -$372,631 · end of year -$409,536

  • 28 · Net assets with donor restrictions

    beginning of year $1,734,700 · end of year $1,734,700

Mission and programs · 2023

Mission

THE CORPORATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK.

Activities or mission (Part I)

LOW INCOME HOUSING

  • OPERATES, ON A NONPROFIT BASIS, A 24-UNIT HOUSING PROJECT FOR ELDERLY/HANDICAPPED PERSONS OF LOW INCOME PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW & SEC. 402 OF THE NOT-FOR-PROFIT CORPORATION LAW.

    Expenses $213,251 · Revenue $228,968

As filed on the 2023 return.

Listed in Part VII

  • Eleanor Carr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Toni Buckley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202511219349300721

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.