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Nonprofiteer
← GALVAN HOUSING RESOURCES INC

Form 990 for tax year 2023

Filed by GALVAN HOUSING RESOURCES INC.

Totals

Total revenue
$818,828
Total expenses
$774,284
Contributions and grants received
$245,677
Grants paid
$0
Program service revenue
$567,172
Investment income
$5,979
Other revenue
$0
Total assets, end of year
$3,336,939
Total liabilities, end of year
$2,395,060
Net assets or fund balances, end of year
$941,879
Program services expenses (Part IX)
$750,675
Management and general expenses
$23,609
Fundraising expenses
$0
Program service expenses (Part III)
$750,675

Program services were 97.0% 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.

  • 1e · Government grants (contributions)

    $245,677

  • 2a · Program service revenue: RDC ASSOCIATES - CHATHAM NY

    total $340,026 · related or exempt $340,026

  • 2b · Program service revenue: DAWNWOOD - TOWN OF GREENPOR

    total $216,913 · related or exempt $216,913

  • 2c · Program service revenue: FEE FOR SERVICE INCOME

    total $10,233 · related or exempt $10,233

  • 3 · Investment income

    total $5,979 · excluded $5,979

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $80,225 · program services $72,202 · management and general $8,023

  • 11a · Fees: management

    total $4,700 · program services $4,700

  • 11g · Fees: other

    total $116,908 · program services $105,217 · management and general $11,691

  • 13 · Office expenses

    total $22,015 · program services $19,813 · management and general $2,202

  • 16 · Occupancy

    total $145,589 · program services $145,589

  • 17 · Travel

    total $1,121 · program services $1,009 · management and general $112

  • 20 · Interest

    total $34,249 · program services $33,658 · management and general $591

  • 22 · Depreciation, depletion and amortization

    total $151,759 · program services $151,759

  • 23 · Insurance

    total $7,712 · program services $6,941 · management and general $771

  • 24a · Other expenses: SALARIES & WAGES

    total $50,004 · program services $50,004

  • 24b · Other expenses: SALARIES & WAGES

    total $32,520 · program services $32,520

  • 24c · Other expenses: REPAIRS

    total $31,302 · program services $31,302

  • 24d · Other expenses: REPAIRS

    total $23,940 · program services $23,940

  • 24e · All other expenses

    total $72,240 · program services $72,021 · management and general $219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,393 · end of year $142,116

  • 3 · Pledges and grants receivable

    beginning of year $42,204 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $16,774 · end of year $68,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,294 · end of year $9,580

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

    $5,821,639

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

    $3,291,820

  • 10c · Land, buildings and equipment, net

    beginning of year $2,681,579 · end of year $2,529,819

  • 15 · Other assets

    beginning of year $1,472,987 · end of year $577,072

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,389 · end of year $108,696

  • 23 · Secured mortgages and notes payable

    beginning of year $2,278,094 · end of year $2,141,899

  • 25 · Other liabilities

    beginning of year $149,182 · end of year $144,465

  • 27 · Net assets without donor restrictions

    beginning of year $1,703,566 · end of year $941,879

Mission and programs · 2023

Mission

TO IMPROVE HOUSING CONDITIONS AND INCREASE HOUSING CHOICES THROUGHOUT COLUMBIA COUNTY.

  • HOUSING RESOURCES OF COLUMBIA COUNTY, INC. HAS AS ITS STATED OBJECTIVES THE FOLLOWING: 1) REDUCE THE INCIDENCE OF SUBSTANDARD HOUSING: 2) IMPROVE THE OPPORTUNITY FOR OWNER OCCUPIES HOUSING: 3) DEVELOP A LONG-RANGE PLANFOR ADDRESSING COMMUNITY HOUSING NEEDS: 4) INCREASE THE INVENTORY OF RESOURCES AVAILABLE TO ADDRESS THE COMMUNITY'S HOUSING AND DEVELOPMENT NEEDS.

    Expenses $750,675 · Revenue $567,172

As filed on the 2023 return.

Listed in Part VII

  • Daniel Kent

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • T Eric Galloway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rafal Markwat

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rodney Russo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Swope

    TRUSTEE

    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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOUSING RESOURCES HOMES INC

    RENTAL · NY

    Directly controlled by GHR GALVAN HOUSING RESOURCES

Related partnerships

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

  • HUDSON KTD LP

    RELATED · RENTAL · NY · general or managing partner

    Directly controlled by HRCC

  • CONIFER PEPPERTREE ASSOC LP

    RELATED · RENTAL · NY · general or managing partner

    Directly controlled by GHR

  • RDC ASSOCIATES I LP

    RELATED · RENTAL · NY · share of income $340,026 · share of assets $1,257,743

    Directly controlled by GHR

Related corporations and trusts

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

  • HOUSING RESOURCES OF CHATHAM INC

    S CORP · RENTAL · NY

    Directly controlled by GHR

  • HOUSING RESOURCES HOMES INC

    C CORP · RENTAL · NY

    Directly controlled by GHR

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202511079349301351

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