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Nonprofiteer
← 219 HENRY ST H D F C

Form 990 for tax year 2023

Filed by 219 HENRY ST H D F C.

Totals

Total revenue
$184,942
Total expenses
$214,153
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$180,909
Investment income
$4,033
Other revenue
$0
Total assets, end of year
$666,971
Total liabilities, end of year
$171,094
Net assets or fund balances, end of year
$495,877
Program services expenses (Part IX)
$149,624
Management and general expenses
$64,529
Fundraising expenses
$0
Program service expenses (Part III)
$149,624

Program services were 69.9% 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: RENTAL INCOME

    total $180,909 · related or exempt $180,909

  • 3 · Investment income

    total $4,033 · excluded $4,033

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $29,060 · program services $6,500 · management and general $22,560

  • 11b · Fees: legal

    total $3,213 · program services $3,213

  • 11c · Fees: accounting

    total $24,460 · program services $3,200 · management and general $21,260

  • 11g · Fees: other

    total $29,219 · program services $29,219

  • 13 · Office expenses

    total $208 · management and general $208

  • 22 · Depreciation, depletion and amortization

    total $36,423 · program services $36,423

  • 23 · Insurance

    total $11,236 · management and general $11,236

  • 24a · Other expenses: UTILITY

    total $49,112 · program services $49,112

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $21,930 · program services $21,930

  • 24c · Other expenses: FINES

    total $8,293 · management and general $8,293

  • 24d · Other expenses: BAD DEBT EXPENSES

    total $849 · management and general $849

  • 24e · All other expenses

    total $150 · program services $27 · management and general $123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,560 · end of year $208,263

  • 2 · Savings and temporary cash investments

    beginning of year $254,498 · end of year $258,531

  • 4 · Accounts receivable

    beginning of year $21,093 · end of year $15,639

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

    $1,508,437

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

    $1,324,034

  • 10c · Land, buildings and equipment, net

    beginning of year $176,926 · end of year $184,403

  • 15 · Other assets

    beginning of year $135 · end of year $135

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,000 · end of year $33,656

  • 19 · Deferred revenue

    beginning of year $838 · end of year $2,496

  • 25 · Other liabilities

    beginning of year $58,286 · end of year $134,942

  • 27 · Net assets without donor restrictions

    beginning of year $525,088 · end of year $495,877

Mission and programs · 2023

Mission

TO PROVIDE LOW INCOME HOUSING FOR FORMERLY HOMELESS PERSONS SUFFERING FORM MENTAL ILLNESS.

Activities or mission (Part I)

LOW INCOME HOUSING RESIDENCE

  • LOW INCOME HOUSING219 HENRY STREET HDFC PROVIDES HOUSING IN THE FORM OF A SINGLE ROOM OCCUPANCY FOR 22 FORMERLY HOMELESS PERSONS SUFFERING FORM MENTAL ILLNESS. THE SRO IS A FIVE STORY WALK UP. FOUR OUT OF THE FIVE STORIES HOUSE 5 ADULTS. EACH RESIDENT HAS A PRIVATE BEDROOM AND SHARE ONE KITCHEN 2 BATHROOMS AND 2 COMMON SPACES.

    Expenses $149,624 · Revenue $180,909

As filed on the 2023 return.

Listed in Part VII

  • Betsy Jacobson

    BOARD MEMBER

    Total calculated
    $93,178
    From this org
    $0
    From related orgs
    $82,700
    Other
    $10,478
    Hours/week
    3 + 50 related

  • David Sitzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Frieda Fried

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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.

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.

  • UNITED JEWISH COUNCIL OF THE EAST SIDE 13-2735378

    501(C)(3) · COMMUNITY SERVICES · NY

  • 142 LUDLOW STREET HOUSING DEVELOPMENT FUND CO INC

    501(C)(3) · GOVERNMENT ASSISTED HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202511159349300821

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