Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $108,485

• 1g · Noncash contributions included above

  $9,995

• 2a · Program service revenue: Low Income Housing

  total $931,649 · related or exempt $931,649

• 2b · Program service revenue: Other Program Services

  total $118,831 · related or exempt $118,831

• 3 · Investment income

  total $859,681 · excluded $859,681

• 7a · Gross sales of assets other than inventory

  securities $4,858,771

• 7b · Less cost or other basis and sales expenses

  securities $5,050,541

• 7c · Gain or loss

  securities -$191,770

• 7d · Net gain or loss

  total -$191,770 · excluded -$191,770

• 11a · Other revenue: Development fee

  total $603,772 · excluded $603,772

• 11b · Other revenue: Other Income

  total $20,727 · excluded $20,727

• 11c · Other revenue: Laundry revenue, etc.

  total $8,500 · related or exempt $8,500

• 11e · Other revenue, total

  $632,999

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $999,790 · program services $999,790

• 2 · Grants to domestic individuals

  total $20,000 · program services $20,000

• 5 · Compensation of officers, directors and key employees

  total $618,794 · program services $305,158 · management and general $269,563 · fundraising $44,073

• 7 · Other salaries and wages

  total $340,364 · program services $185,845 · management and general $139,329 · fundraising $15,190

• 8 · Pension plan contributions

  total $33,263 · program services $17,282 · management and general $14,551 · fundraising $1,430

• 9 · Other employee benefits

  total $77,012 · program services $36,837 · management and general $36,195 · fundraising $3,980

• 10 · Payroll taxes

  total $62,802 · program services $34,484 · management and general $24,632 · fundraising $3,686

• 11a · Fees: management

  total $72,222 · program services $15,889 · management and general $56,333

• 11b · Fees: legal

  total $5,220 · program services $4,132 · management and general $1,088

• 11c · Fees: accounting

  total $62,687 · management and general $62,687

• 11f · Fees: investment management

  total $150,888 · management and general $150,888

• 11g · Fees: other

  total $237,891 · program services $207,771 · management and general $26,697 · fundraising $3,423

• 12 · Advertising and promotion

  total $1,000 · fundraising $1,000

• 13 · Office expenses

  total $36,331 · program services $21,042 · management and general $13,343 · fundraising $1,946

• 14 · Information technology

  total $19,457 · program services $8,756 · management and general $9,339 · fundraising $1,362

• 16 · Occupancy

  total $312,283 · program services $241,248 · management and general $62,118 · fundraising $8,917

• 17 · Travel

  total $7,350 · program services $6,887 · management and general $398 · fundraising $65

• 19 · Conferences, conventions and meetings

  total $23,652 · program services $11,196 · management and general $10,871 · fundraising $1,585

• 20 · Interest

  total $7,179 · program services $7,179

• 22 · Depreciation, depletion and amortization

  total $264,448 · program services $217,634 · management and general $40,856 · fundraising $5,958

• 23 · Insurance

  total $225,996 · program services $206,071 · management and general $19,925

• 24a · Other expenses: Repairs & Maintenance

  total $103,435 · program services $102,222 · management and general $1,059 · fundraising $154

• 24e · All other expenses

  total $59,203 · program services $43,448 · management and general $14,848 · fundraising $907

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $92,642 · end of year $117,745

• 2 · Savings and temporary cash investments

  beginning of year $123,214 · end of year $104,309

• 3 · Pledges and grants receivable

  beginning of year $30,000 · end of year $0

• 4 · Accounts receivable

  beginning of year $155,630 · end of year $115,240

• 7 · Other notes and loans receivable

  beginning of year $416,437 · end of year $124,208

• 9 · Prepaid expenses and deferred charges

  beginning of year $101,335 · end of year $110,342

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

  $8,109,739

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

  $4,326,098

• 10c · Land, buildings and equipment, net

  beginning of year $3,998,065 · end of year $3,783,641

• 11 · Investments: publicly traded securities

  beginning of year $43,402,083 · end of year $42,243,699

• 15 · Other assets

  beginning of year $182,118 · end of year $625,902

• 17 · Accounts payable and accrued expenses

  beginning of year $214,873 · end of year $261,965

• 18 · Grants payable

  beginning of year $562,560 · end of year $351,200

• 21 · Escrow or custodial account liability

  beginning of year $5,475,584 · end of year $2,882,898

• 24 · Unsecured notes and loans payable

  beginning of year $313,101 · end of year $8,101

• 25 · Other liabilities

  beginning of year $671,430 · end of year $1,205,253

• 27 · Net assets without donor restrictions

  beginning of year $37,805,246 · end of year $38,858,632

• 28 · Net assets with donor restrictions

  beginning of year $3,458,730 · end of year $3,657,037

The filer's explanations (Part III)

Part 1 Line 1a and line 2

The Executive Director/CEO of the UMCS is a United Methodist clergy person and as such is entitled to a non-taxable housing allowance. The IRS (Publiction 517) allows clergy to designate a certain amount of their compensation as a non-taxable housing allowance. The Board approves this amount annually.

Disregarded entities

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

• UM 104th Street LLC

  realty holding company for low income housing · NY

  Directly controlled by United Methodist City Society

Related corporations and trusts

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

• Trinity-UMCS LLC

  C · Realty holding company for low income senior housing · DE · 100% owned

  Directly controlled by United Methodist City Society