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← LUTHERAN HOUSING DEVELOPMENT FUND CORPORATION OF PAWLING

Form 990 for tax year 2022

Filed by LUTHERAN HOUSING DEVELOPMENT FUND CORPORATION OF PAWLING.

Totals

Total revenue
$759,298
Total expenses
$993,161
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$755,495
Investment income
$830
Other revenue
$2,973
Total assets, end of year
$3,944,880
Total liabilities, end of year
$3,734,996
Net assets or fund balances, end of year
$209,884
Program services expenses (Part IX)
$820,781
Management and general expenses
$172,380
Fundraising expenses
$0
Program service expenses (Part III)
$820,781

Program services were 82.6% 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: TENANT ASSISTANCE PAYM

    total $400,032 · related or exempt $400,032

  • 2b · Program service revenue: APARTMENT RENTAL

    total $355,463 · related or exempt $355,463

  • 3 · Investment income

    total $830 · excluded $830

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $2,973 · related or exempt $2,973

  • 11e · Other revenue, total

    $2,973

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $190,629 · program services $174,738 · management and general $15,891

  • 8 · Pension plan contributions

    total $1,450 · program services $1,329 · management and general $121

  • 9 · Other employee benefits

    total $22,932 · program services $21,021 · management and general $1,911

  • 10 · Payroll taxes

    total $10,688 · program services $9,797 · management and general $891

  • 11a · Fees: management

    total $63,567 · management and general $63,567

  • 11b · Fees: legal

    total $874 · management and general $874

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 11g · Fees: other

    total $90,914 · program services $64,477 · management and general $26,437

  • 13 · Office expenses

    total $45,808 · program services $30,653 · management and general $15,155

  • 16 · Occupancy

    total $164,581 · program services $152,514 · management and general $12,067

  • 17 · Travel

    total $763 · program services $519 · management and general $244

  • 19 · Conferences, conventions and meetings

    total $508 · program services $508

  • 22 · Depreciation, depletion and amortization

    total $273,251 · program services $273,251

  • 23 · Insurance

    total $41,470 · program services $41,470

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $58,234 · program services $49,679 · management and general $8,555

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $8,600 · management and general $8,600

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $892 · program services $825 · management and general $67

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,184 · end of year $22,731

  • 4 · Accounts receivable

    beginning of year $10,677 · end of year $16,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,273 · end of year $8,982

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

    $8,901,424

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

    $5,348,829

  • 10c · Land, buildings and equipment, net

    beginning of year $3,789,923 · end of year $3,552,595

  • 15 · Other assets

    beginning of year $333,048 · end of year $343,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,914 · end of year $60,679

  • 25 · Other liabilities

    beginning of year $3,675,444 · end of year $3,674,317

  • 27 · Net assets without donor restrictions

    beginning of year $443,747 · end of year $209,884

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING TO SENIORS/ELDERY POPULATION.

  • TO PROVIDE 76 UNITS OF AFFORDABLE INDEPENDENT HOUSING FOR THE ELDERLY.

    Expenses $820,781 · Revenue $758,468

As filed on the 2022 return.

Listed in Part VII

  • John Ruth

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Steven Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Fr Brian McWeeney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rev Jeffrey Koenig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dr Abby Dux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nancy Graf-Peters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Laraine Fellegara

    CEO

    Total calculated
    $457,973
    From this org
    $0
    From related orgs
    $413,479
    Other
    $44,494
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,479 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,489 related
    Nontaxable benefits
    $0 + $32,005 related
    Filer's total
    $0 + $457,973 related

  • Kathleen McEvoy

    DIRECTOR OF FINANCE

    Total calculated
    $159,787
    From this org
    $0
    From related orgs
    $138,664
    Other
    $21,123
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,345 related
    Nontaxable benefits
    $0 + $16,778 related
    Filer's total
    $0 + $159,787 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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
19 October 2023
IRS schema version
2022v5.0
Source object
202342939349301609

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