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Nonprofiteer
← GALVAN HOUSING RESOURCES INC

Form 990 for tax year 2022

Filed by GALVAN HOUSING RESOURCES INC.

Totals

Total revenue
$682,866
Total expenses
$737,364
Contributions and grants received
$199,555
Grants paid
$0
Program service revenue
$460,658
Investment income
$15,700
Other revenue
$6,953
Total assets, end of year
$4,328,231
Total liabilities, end of year
$2,624,665
Net assets or fund balances, end of year
$1,703,566
Program services expenses (Part IX)
$630,086
Management and general expenses
$107,278
Fundraising expenses
$0
Program service expenses (Part III)
$630,086

Program services were 85.5% 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)

    $197,055

  • 1f · All other contributions, gifts and grants

    $2,500

  • 2a · Program service revenue: RENTAL INCOME

    total $452,431 · related or exempt $452,431

  • 2b · Program service revenue: DEVELOPMENT FEE INCOME

    total $8,227 · related or exempt $8,227

  • 3 · Investment income

    total $15,700 · excluded $15,700

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,953 · related or exempt $6,953

  • 11e · Other revenue, total

    $6,953

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $132,299 · program services $132,299

  • 10 · Payroll taxes

    total $3,350 · program services $3,350

  • 11a · Fees: management

    total $47,013 · management and general $47,013

  • 11b · Fees: legal

    total $14,723 · program services $5,854 · management and general $8,869

  • 11c · Fees: accounting

    total $40,043 · program services $12,750 · management and general $27,293

  • 13 · Office expenses

    total $2,091 · management and general $2,091

  • 16 · Occupancy

    total $92,221 · program services $92,221

  • 20 · Interest

    total $32,555 · program services $32,555

  • 22 · Depreciation, depletion and amortization

    total $166,680 · program services $155,197 · management and general $11,483

  • 23 · Insurance

    total $3,124 · management and general $3,124

  • 24a · Other expenses: SALARIES & WAGES

    total $80,835 · program services $80,835

  • 24b · Other expenses: REPAIRS

    total $73,359 · program services $73,359

  • 24c · Other expenses: MANAGEMENT FEES

    total $23,631 · program services $23,631

  • 24d · Other expenses: OFFICE EXPENSE

    total $12,576 · program services $12,576

  • 24e · All other expenses

    total $12,864 · program services $5,459 · management and general $7,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,924 · end of year $109,393

  • 3 · Pledges and grants receivable

    beginning of year $15,604 · end of year $42,204

  • 4 · Accounts receivable

    beginning of year $12,183 · end of year $16,774

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,121 · end of year $5,294

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

    $6,016,861

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

    $3,335,282

  • 10c · Land, buildings and equipment, net

    beginning of year $1,493,881 · end of year $2,681,579

  • 15 · Other assets

    beginning of year $1,808,780 · end of year $1,472,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,857 · end of year $197,389

  • 23 · Secured mortgages and notes payable

    beginning of year $1,400,738 · end of year $2,410,469

  • 25 · Other liabilities

    beginning of year $30,626 · end of year $16,807

  • 27 · Net assets without donor restrictions

    beginning of year $2,081,272 · end of year $1,703,566

Mission and programs · 2022

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 $135,649 · Revenue $205,282

  • Expenses $494,437

As filed on the 2022 return.

Listed in Part VII

  • T Eric Galloway

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Dan Kent

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Rafal Markwat

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rodney Russo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Scalera

    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.

  • HRCC HOMES LLC

    RENTAL · NY

    Directly controlled by HOUSING RE HOUSING RESOURCES HOMES INC

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 HRCC HOMES LLC

  • HUDSON HOMESTEADS LP

    RELATED · RENTAL · NY · general or managing partner

    Directly controlled by HRCC HRCC HOMES LLC

  • CONIFER PEPPERTREE ASSOC LP

    RELATED · RENTAL · NY · general or managing partner

    Directly controlled by HOUSING RE HOUSING RESOURCES HOMES INC

  • RDC ASSOCIATES I LP

    RELATED · RENTAL · NY · general or managing partner

    Directly controlled by HOUSING RE HOUSING RESOURCES AT CHATHAM INC

Related corporations and trusts

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

  • HOUSING RESOURCES AT CHATHAM INC

    S CORP · RENTAL · NY

    Directly controlled by GHR GALVAN HOUSING RESOURCES INC

  • HOUSING RESOURCES HOMES INC

    C CORP · RENTAL · NY

    Directly controlled by GHR GALVAN HOUSING RESOURCES INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202411349349306461

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