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← MHANY MANAGEMENT INC

Form 990 for tax year 2023

Filed by MHANY MANAGEMENT INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 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
$5,357,674 changed to $9,526,509
Total expenses
$6,959,652 changed to $7,742,432
Contributions and grants received
$1,190,510 changed to $1,207,110
Program service revenue
$4,100,165 changed to $7,919,946
Investment income
$42,975 changed to $115,295
Other revenue
$24,024 changed to $284,158
Total assets, end of year
$52,292,514 changed to $58,890,132
Total liabilities, end of year
$25,735,010 changed to $28,917,623
Net assets or fund balances, end of year
$26,557,504 changed to $29,972,509
Program services expenses
$6,840,602 changed to $7,623,382
Program service expenses (Part III)
$6,840,602 changed to $7,623,382

Totals

Total revenue
$9,526,509
Total expenses
$7,742,432
Contributions and grants received
$1,207,110
Grants paid
$0
Program service revenue
$7,919,946
Investment income
$115,295
Other revenue
$284,158
Total assets, end of year
$58,890,132
Total liabilities, end of year
$28,917,623
Net assets or fund balances, end of year
$29,972,509
Program services expenses (Part IX)
$7,623,382
Management and general expenses
$119,050
Fundraising expenses
$0
Program service expenses (Part III)
$7,623,382

Program services were 98.5% 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)

    $104,191

  • 1f · All other contributions, gifts and grants

    $1,102,919

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $3,397,559 · related or exempt $3,397,559

  • 2b · Program service revenue: PROPERTY MANAGEMENT FE

    total $2,509,402 · related or exempt $2,509,402

  • 2c · Program service revenue: OTHER CONSULTING

    total $2,012,985 · related or exempt $2,012,985

  • 3 · Investment income

    total $115,295 · excluded $115,295

  • 11a · Other revenue: OTHER REIMBURSEMENTS

    total $248,858 · related or exempt $248,858

  • 11b · Other revenue: COUNSELING

    total $35,300 · related or exempt $35,300

  • 11e · Other revenue, total

    $284,158

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $135,301 · program services $135,301

  • 7 · Other salaries and wages

    total $2,719,505 · program services $2,719,505

  • 8 · Pension plan contributions

    total $130,000 · program services $130,000

  • 9 · Other employee benefits

    total $648,186 · program services $648,186

  • 10 · Payroll taxes

    total $1,060,842 · program services $1,060,842

  • 11b · Fees: legal

    total $373,620 · program services $373,620

  • 11c · Fees: accounting

    total $119,050 · management and general $119,050

  • 11g · Fees: other

    total $173,889 · program services $173,889

  • 12 · Advertising and promotion

    total $758 · program services $758

  • 13 · Office expenses

    total $53,686 · program services $53,686

  • 14 · Information technology

    total $224,941 · program services $224,941

  • 16 · Occupancy

    total $1,088,674 · program services $1,088,674

  • 17 · Travel

    total $954 · program services $954

  • 20 · Interest

    total $136,829 · program services $136,829

  • 22 · Depreciation, depletion and amortization

    total $59,819 · program services $59,819

  • 23 · Insurance

    total $19,201 · program services $19,201

  • 24a · Other expenses: BAD DEBTS

    total $763,248 · program services $763,248

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $21,677 · program services $21,677

  • 24e · All other expenses

    total $12,252 · program services $12,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,461,689 · end of year $4,758,302

  • 2 · Savings and temporary cash investments

    beginning of year $5,400,000 · end of year $1,441,969

  • 3 · Pledges and grants receivable

    beginning of year $3,364 · end of year $709,521

  • 4 · Accounts receivable

    beginning of year $3,699,468 · end of year $3,961,604

  • 7 · Other notes and loans receivable

    beginning of year $1,446,403 · end of year $1,446,403

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

    $731,431

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

    $241,700

  • 10c · Land, buildings and equipment, net

    beginning of year $868,160 · end of year $489,731

  • 11 · Investments: publicly traded securities

    beginning of year -$4,024,813 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,554,370 · end of year $1,554,370

  • 14 · Intangible assets

    end of year $13,924,235

  • 15 · Other assets

    beginning of year $27,520,943 · end of year $30,603,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $914,713 · end of year $1,944,383

  • 19 · Deferred revenue

    beginning of year $7,220,554 · end of year $6,487,197

  • 21 · Escrow or custodial account liability

    beginning of year $12,520 · end of year $12,520

  • 23 · Secured mortgages and notes payable

    beginning of year $1,051,613 · end of year $1,649,671

  • 25 · Other liabilities

    beginning of year $64,895 · end of year $18,823,852

  • 27 · Net assets without donor restrictions

    beginning of year $28,665,289 · end of year $29,972,509

Mission and programs · 2023

Mission

PROVISION OF RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED OF PUBLIC GOOD TO LESSEN NEIGHBORHOOD TENSIONS, DETERIORATION AND PREJUDICE.

  • PROVIDING HOUSING TO LOW AND MODERATE INCOME RESIDENTS, CONDUCTING ACTIVITIES TO HALT DETERIORATION OF DISTRESSED AREAS IN NEW YORK CITY, DISSEMINATION OF INFORMATION AND TECHNICAL ASSISTANCE TO TARGETED RESIDENTS.

    Expenses $7,623,382 · Revenue $8,204,104

As filed on the 2023 return.

Listed in Part VII

  • BERTHA LEWIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARMEN DE RIEL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEREK OWENS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • JENNY PACHECO

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • LORNA BLAKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTA TEJEDA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALIE BROWN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • ROLANDO PERDOMO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VAUGHN ARMOR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ISMENE SPELIOTIS

    EXECUTIVE DIRECTOR

    Total calculated
    $120,301
    From this org
    $106,037
    From related orgs
    $0
    Other
    $14,264
    Hours/week
    40

  • MANDING S DARBOE

    FINANCE DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

  • MHANY 1999 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 1999 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2002 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2003 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2004 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2005 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2013

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY DUMONT HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY MANAGEMENT INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

  • MHANY MOTHER GASTON HOUSING DEVELOPMENT FUND CORP

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY STELLA

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MUTUAL HOUSING ASSOCIATION OF NEW YORK

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • NEW JERSEY ACORN HOUSING CORPORATION INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

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.

  • MHANY 2012 HOLDINGS LLC

    REAL ESTATE HOLDING · NY · income $0 · assets $0

    Directly controlled by MMI

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
3 June 2025
IRS schema version
2023v6.0
Source object
202521559349300307

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