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Nonprofiteer
← THE MULFORD CORPORATION

Form 990 for tax year 2022

Filed by THE MULFORD CORPORATION.

Totals

Total revenue
$873,353
Total expenses
$4,786,883
Contributions and grants received
$0
Grants paid
$162,838
Program service revenue
$857,873
Investment income
$11,480
Other revenue
$4,000
Total assets, end of year
$20,053,042
Total liabilities, end of year
$541,257
Net assets or fund balances, end of year
$19,511,785
Program services expenses (Part IX)
$2,251,529
Management and general expenses
$2,535,354
Fundraising expenses
$0
Program service expenses (Part III)
$2,251,529

Program services were 47.0% 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: DEVELOPER FEES

    total $857,873 · related or exempt $857,873

  • 3 · Investment income

    total $11,480 · excluded $11,480

  • 11a · Other revenue: OTHER INCOME

    total $4,000 · excluded $4,000

  • 11e · Other revenue, total

    $4,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $162,838 · program services $162,838

  • 6 · Compensation of disqualified persons

    total $1,938,158 · program services $421,599 · management and general $1,516,559

  • 11c · Fees: accounting

    total $66,854 · management and general $66,854

  • 11g · Fees: other

    total $891,000 · program services $260,966 · management and general $630,034

  • 12 · Advertising and promotion

    total $153,495 · management and general $153,495

  • 13 · Office expenses

    total $2,406 · program services $1,569 · management and general $837

  • 14 · Information technology

    total $4,204 · management and general $4,204

  • 16 · Occupancy

    total $3,780 · program services $3,780

  • 23 · Insurance

    total $134,154 · management and general $134,154

  • 24a · Other expenses: ACQUISITION & REHABILIT

    total $764,338 · program services $764,338

  • 24b · Other expenses: ASSET MANAGEMENT SERVIC

    total $486,127 · program services $486,127

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $127,526 · program services $127,526

  • 24d · Other expenses: STAFF TRAINING EXPENSES

    total $22,786 · program services $22,786

  • 24e · All other expenses

    total $29,217 · management and general $29,217

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,427 · end of year $185,447

  • 2 · Savings and temporary cash investments

    beginning of year $6,799,004 · end of year $3,879,969

  • 4 · Accounts receivable

    beginning of year $14,631,025 · end of year $15,248,724

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $194,547

  • 12 · Investments: other securities

    beginning of year $364,929 · end of year $363,781

  • 15 · Other assets

    beginning of year $1,551,038 · end of year $180,574

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,960 · end of year $541,257

  • 27 · Net assets without donor restrictions

    beginning of year $23,426,463 · end of year $19,511,785

Mission and programs · 2022

Mission

TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING.

  • PROVIDES SOCIAL SERVICES TO RESIDENTS OF THE LOW AND MODERATE INCOME HOUSING PROJECTS OPERATED BY THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING, TO RAISE FUNDS TO SUPPLEMENT MHACY'S LOW-INCOME HOUSING PROJECTS.

    Expenses $2,251,529 · Grants $162,838 · Revenue $857,873

As filed on the 2022 return.

Listed in Part VII

  • James J Landy

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John J McDonald

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Greg Arcaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Deierlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brenda Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wilda Mejias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean Tickell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wilson Kimball

    PRESIDENT & CEO

    Total calculated
    $259,858
    From this org
    $0
    From related orgs
    $257,108
    Other
    $2,750
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,108 related
    Bonus
    $0
    Other
    $0 + $27,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,750 related
    Filer's total
    $0 + $259,858 related

  • Carlos Laboy-Diaz

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brian Sweeney

    SECRETARY

    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
  • 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

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.

  • CITY OF YONKERS

    SECTION 115 · GOVERNMENT AGENCY · NY

  • MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS

    SECTION 115 · GOVERNMENT AGENCY · NY

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.

Related partnerships

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

  • SEVEN TOWNHOMES LP

    RELATED · HOUSING · NY · 0.01% owned

    Directly controlled by MHACY TOWNHOMES GP LLC

  • TROY KRISTENSEN LP

    RELATED · HOUSING · NY · 0.01% owned

    Directly controlled by TROY KRISTENSEN GP LLC

  • GRANT PARK II LP

    RELATED · HOUSING · NY · 0.01% owned

    Directly controlled by ASHBURTON SERVICES HOUSING INC

  • 188 WARBURTON DEVELOPERS LLC

    RELATED · HOUSING · NY · 30% owned

    Directly controlled by ASHBURTON SERVICES HOUSING INC

  • PS 6 GP LLC

    RELATED · HOUSING · NY · 0.05% owned

    Directly controlled by ASHBURTON SERVICES HOUSING INC

  • CALCAGNO PRESERVATION PARTNERS LLC

    RELATED · HOUSING · NY · 0.1% owned · general or managing partner

    Directly controlled by THE MULFORD CORPORATION

Related corporations and trusts

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

  • TROY KRISTENSEN GP LLC

    C · HOUSING · NY · 100% owned · share of assets $367,418 · controlled entity

    Directly controlled by MULFORD CORPORATION

  • ASHBURTON SENIOR HOUSING INC

    C · HOUSING · NY · 100% owned · share of assets $3,106 · controlled entity

    Directly controlled by MULFORD CORPORATION

  • MULFORD YONKERS PRESERVATION LLC

    C · HOUSING · NY · 100% owned · controlled entity

    Directly controlled by MULFORD CORPORATION

  • MHACY TOWNHOMES GP LLC

    C · HOUSING · NY · 100% owned · controlled entity

    Directly controlled by MULFORD CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349324953

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