Form 990 for tax year 2023
Filed by WEST FARMS NEIGHBORHOOD HOUSING DEVELOPMENT FUND CO INC.
Totals
- Total revenue
- $854,532
- Total expenses
- $161,393
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $851,275
- Investment income
- $3,257
- Other revenue
- $0
- Total assets, end of year
- $26,591,647
- Total liabilities, end of year
- $2,684,275
- Net assets or fund balances, end of year
- $23,907,372
- Program services expenses (Part IX)
- $67,282
- Management and general expenses
- $94,111
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $67,282
Program services were 41.7% 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: INTEREST FROM NOTES RE
total $851,275 · related or exempt $851,275
-
3 · Investment income
total $3,257 · excluded $3,257
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $83,062 · management and general $83,062
-
11c · Fees: accounting
total $11,040 · management and general $11,040
-
20 · Interest
total $67,282 · program services $67,282
-
24e · All other expenses
total $9 · management and general $9
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,171,421 · end of year $1,113,633
-
2 · Savings and temporary cash investments
end of year $254,434
-
7 · Other notes and loans receivable
beginning of year $22,722,523 · end of year $23,286,298
-
15 · Other assets
beginning of year $1,937,282 · end of year $1,937,282
-
17 · Accounts payable and accrued expenses
beginning of year $8,000 · end of year $8,000
-
25 · Other liabilities
beginning of year $2,608,993 · end of year $2,676,275
-
27 · Net assets without donor restrictions
beginning of year $23,214,233 · end of year $23,907,372
Mission and programs · 2023
Mission
TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS.
-
ACTED AS CO-DEVELOPER, FACILITATED, PARTICIPATED, AND ASSISTED THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS.
Expenses $67,282 · Revenue $851,275
As filed on the 2023 return.
Listed in Part VII
-
Monsignor Kevin SullivanMONSIGNOR KEVIN SULLIVAN
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
George HortonGEORGE HORTON
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
David BrownDAVID BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Reverend Eric CruzREVEREND ERIC CRUZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 1 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.
-
ASSOCIATION OF NEW YORK CATHOLIC HOMES
501(C)(3) · PROTECT, PRESERVE, AND DEVELOP AFFORDABLE HOUSING · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501269349301200
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