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Nonprofiteer
← CHURCHPEOPLE HOUSING MANAGEMENT SERVICES INC

Form 990 for tax year 2023

Filed by CHURCHPEOPLE HOUSING MANAGEMENT SERVICES INC.

Totals

Total revenue
$507,146
Total expenses
$845,374
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$501,527
Investment income
$848
Other revenue
$4,771
Total assets, end of year
$5,839,903
Total liabilities, end of year
$6,191,490
Net assets or fund balances, end of year
-$351,587
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$845,374

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

    total $501,527 · related or exempt $501,527

  • 3 · Investment income

    total $848 · excluded $848

  • 11a · Other revenue: TENANT CHARGES

    total $1,916 · related or exempt $1,916

  • 11b · Other revenue: MISCELLANEOUS

    total $1,492 · related or exempt $1,492

  • 11c · Other revenue: LAUNDRY INCOME

    total $1,363 · related or exempt $1,363

  • 11e · Other revenue, total

    $4,771

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $54,500

  • 11a · Fees: management

    total $43,518

  • 11b · Fees: legal

    total $3,000

  • 11g · Fees: other

    total $12,350

  • 12 · Advertising and promotion

    total $187

  • 13 · Office expenses

    total $4,637

  • 14 · Information technology

    total $4,531

  • 16 · Occupancy

    total $200,485

  • 17 · Travel

    total $76

  • 20 · Interest

    total $12,000

  • 22 · Depreciation, depletion and amortization

    total $248,526

  • 23 · Insurance

    total $46,519

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $181,821

  • 24b · Other expenses: TRASH REMOVAL

    total $16,375

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $14,437

  • 24d · Other expenses: MISCELLANEOUS

    total $1,997

  • 24e · All other expenses

    total $415

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,048,107 · end of year $1,050,809

  • 4 · Accounts receivable

    beginning of year $12,803 · end of year $5,586

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,296 · end of year $33,698

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

    $9,937,343

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

    $5,606,119

  • 10c · Land, buildings and equipment, net

    beginning of year $4,540,772 · end of year $4,331,224

  • 15 · Other assets

    beginning of year $400,805 · end of year $418,586

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,307 · end of year $20,806

  • 19 · Deferred revenue

    beginning of year $3,566 · end of year $4,343

  • 23 · Secured mortgages and notes payable

    beginning of year $4,384,754 · end of year $4,381,248

  • 25 · Other liabilities

    beginning of year $1,643,515 · end of year $1,785,093

  • 27 · Net assets without donor restrictions

    beginning of year -$13,359 · end of year -$351,587

Mission and programs · 2023

Mission

RENTAL OF REAL ESTATE.

  • CHURCHPEOPLE HOUSING MANAGEMENT SERVICES, INC. - A HOLDING COMPANY FOR THE PURPOSE OF RENTING REAL ESTATE TO NON-PROFIT ORGANIZATIONS AND LOW-INCOME HOUSEHOLDS.

    Expenses $345,049 · Revenue $269,928

  • HOPE HOUSE ONE, LLC - A LIMITED LIABILITY COMPANY FORMED TO OWN HOPE HOUSE, A RENTAL PROJECT. HOPE HOUSE IS SOLELY OWNED BY CHURCHPEOPLE HOUSING MANAGEMENT SERVICES, INC.

    Expenses $36,348 · Revenue $22,569

  • SENECA STREET STATION APARTMENTS - A 22-UNIT RENTAL HOUSING PROJECT FOR PERSONS OF LOW AND MODERATE INCOME. ALSO CONTAINS 6 COMMERCIAL RENTAL UNITS AND 4 UNITS RENTED BY ARBOR.

    Expenses $463,977 · Revenue $213,801

As filed on the 2023 return.

Listed in Part VII

  • SUSAN BULL

    PRESIDENT

    Total calculated
    $153,289
    From this org
    $0
    From related orgs
    $148,840
    Other
    $4,449
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,840 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,449 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,289 related

  • MEGAN PIPER

    VICE PRESIDENT

    Total calculated
    $121,131
    From this org
    $0
    From related orgs
    $104,257
    Other
    $16,874
    Hours/week
    1 + 39 related

  • JESSICA SMITH

    TREASURER

    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. 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

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.

Disregarded entities

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

  • SENECA STREET STATION APARTMENTS

    RENTAL PROPERTY · NY · income $214,265 · assets $1,895,970

    Directly controlled by CHURCHPEOPLE HOUSING MANAGEMENT SERVICES

  • HOPE HOUSE ONE LLC

    RENTAL PROPERTY · NY · income $22,643 · assets $32,064

    Directly controlled by CHURCHPEOPLE HOUSING MANAGEMENT SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
17 June 2024
IRS schema version
2023v5.1
Source object
202441769349300709

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