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Nonprofiteer
← ITHACA NEIGHBORHOOD HOUSING SERVICES INC

Form 990 for tax year 2022

Filed by ITHACA NEIGHBORHOOD HOUSING SERVICES INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 17 January 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$7,288,232
Total expenses
$5,431,398
Contributions and grants received
$4,489,065
Grants paid
$0
Program service revenue
$3,260,355
Investment income
$44,109
Other revenue
-$505,297
Total assets, end of year
$52,359,889
Total liabilities, end of year
$9,561,966
Net assets or fund balances, end of year
$42,797,923
Program services expenses (Part IX)
$2,493,168
Management and general expenses
$2,928,720
Fundraising expenses
$9,510
Program service expenses (Part III)
$2,493,168

Program services were 45.9% 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.

  • 1a · Federated campaigns

    $13,090

  • 1e · Government grants (contributions)

    $2,759,810

  • 1f · All other contributions, gifts and grants

    $1,716,165

  • 1g · Noncash contributions included above

    $310

  • 2a · Program service revenue: DEVELOPER FEES

    total $1,102,095 · related or exempt $1,102,095

  • 2b · Program service revenue: RENTAL INCOME

    total $944,885 · related or exempt $944,885

  • 2c · Program service revenue: PROGRAM INCOME

    total $664,577 · related or exempt $664,577

  • 2d · Program service revenue: MANAGEMENT FEE INCOME

    total $488,331 · related or exempt $488,331

  • 2e · Program service revenue: MISCELLANEOUS

    total $60,467 · related or exempt $60,467

  • 3 · Investment income

    total $6,646 · excluded $6,646

  • 7a · Gross sales of assets other than inventory

    other assets $37,463

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

    other assets $0

  • 7c · Gain or loss

    other assets $37,463

  • 7d · Net gain or loss

    total $37,463 · excluded $37,463

  • 10b · Cost of goods sold

    $505,297

  • 10c · Net income from sales of inventory

    total -$505,297 · related or exempt -$505,297

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $133,085 · program services $3,499 · management and general $129,586

  • 7 · Other salaries and wages

    total $1,480,823 · program services $40,840 · management and general $1,439,983

  • 8 · Pension plan contributions

    total $54,233 · management and general $54,233

  • 9 · Other employee benefits

    total $74,405 · management and general $74,405

  • 10 · Payroll taxes

    total $210,322 · management and general $210,322

  • 11a · Fees: management

    total $44,819 · program services $44,819

  • 11b · Fees: legal

    total $16,228 · program services $8,421 · management and general $7,807

  • 11c · Fees: accounting

    total $55,475 · program services $2,500 · management and general $52,975

  • 11g · Fees: other

    total $502,838 · program services $54,118 · management and general $448,720

  • 12 · Advertising and promotion

    total $16,469 · program services $332 · management and general $16,137

  • 13 · Office expenses

    total $18,759 · program services $197 · management and general $18,562

  • 14 · Information technology

    total $37,513 · management and general $37,513

  • 16 · Occupancy

    total $310,049 · program services $301,279 · management and general $8,770

  • 17 · Travel

    total $59,786 · program services $952 · management and general $58,834

  • 20 · Interest

    total $126,054 · program services $123,485 · management and general $2,569

  • 22 · Depreciation, depletion and amortization

    total $244,753 · program services $175,706 · management and general $69,047

  • 23 · Insurance

    total $80,574 · program services $25,598 · management and general $54,976

  • 24a · Other expenses: HOUSING SERVICES

    total $1,367,766 · program services $1,346,996 · management and general $20,770

  • 24b · Other expenses: LOANS FORGIVEN

    total $164,440 · program services $164,440

  • 24c · Other expenses: PROPERTY TAXES

    total $163,101 · program services $163,101

  • 24d · Other expenses: PURCHASES AND SUPPLIES

    total $133,592 · program services $1,350 · management and general $132,242

  • 24e · All other expenses

    total $136,314 · program services $35,535 · management and general $91,269 · fundraising $9,510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,834,150 · end of year $6,641,517

  • 2 · Savings and temporary cash investments

    beginning of year $815,848 · end of year $795,003

  • 4 · Accounts receivable

    beginning of year $2,848,120 · end of year $3,058,184

  • 7 · Other notes and loans receivable

    beginning of year $21,557,196 · end of year $21,691,787

  • 8 · Inventories for sale or use

    beginning of year $2,112,770 · end of year $3,502,275

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,974 · end of year $128,875

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

    $11,932,611

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

    $2,551,896

  • 10c · Land, buildings and equipment, net

    beginning of year $8,449,544 · end of year $9,380,715

  • 15 · Other assets

    beginning of year $7,686,439 · end of year $7,161,533

  • 17 · Accounts payable and accrued expenses

    beginning of year $728,729 · end of year $1,013,608

  • 19 · Deferred revenue

    beginning of year $1,634,232 · end of year $2,182,026

  • 23 · Secured mortgages and notes payable

    beginning of year $4,699,598 · end of year $5,200,031

  • 24 · Unsecured notes and loans payable

    beginning of year $688,202 · end of year $450,000

  • 25 · Other liabilities

    beginning of year $561,166 · end of year $716,301

  • 27 · Net assets without donor restrictions

    beginning of year $35,813,850 · end of year $37,938,841

  • 28 · Net assets with donor restrictions

    beginning of year $5,278,264 · end of year $4,859,082

Mission and programs · 2022

Mission

DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.

  • HOME PROGRAM FUND - GRANTS FOR ELIGIBLE PURCHASE ASSISTANCE AND HOME IMPROVEMENT.

    Expenses $112,862 · Revenue $160

  • REAL ESTATE DEVELOPMENT FUND - DEVELOP NEW FOR-SALE AND/OR AFFORDABLE RENTAL UNITS, PURCHASE AND REHABILITATE PROPERTIES FOR HOME OWNERSHIP OR RENTAL HOUSING.

    Expenses $1,110,213 · Revenue $1,504,117

  • SCATTERED SITES CONSOLIDATED FUNDS - RESIDENTIAL AND COMMERCIAL RENTAL UNITS OWNED AND MANAGED BY INHS.

    Expenses $316,419 · Revenue $329,025

  • VARIOUS LOAN AND GRANT FUNDS

    Expenses $953,674 · Revenue $921,756

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRENDAN WILBUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • SHARON D MALONE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • H MATTHYS VAN CORT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • MICHAEL CANNON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • NICOLE CARRIER-TITTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • JULEE JOHNSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • ELLEN MORRIS-KNOWER PART YEAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • LACEY LENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • JEREMY THOMAS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • RACHEL LAMPERT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • LISA NICHOLAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • MAUREEN ABBOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • COOPER SIRWATKA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • JOHANNA ANDERSON

    EXECUTIVE DIRECTOR

    Total calculated
    $133,085
    From this org
    $126,884
    From related orgs
    $0
    Other
    $6,201
    Hours/week
    23 + 13 related

  • SCOTT REYNOLDS

    DIRECTOR OF INFORMATION TE

    Total calculated
    $113,193
    From this org
    $105,780
    From related orgs
    $0
    Other
    $7,413
    Hours/week
    23 + 13 related

  • PATRICIA PAOLENGELI

    DIRECTOR OF FINANCE

    Total calculated
    $116,397
    From this org
    $105,739
    From related orgs
    $0
    Other
    $10,658
    Hours/week
    23 + 13 related

  • LYNN TRUAME

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $107,853
    From this org
    $102,573
    From related orgs
    $0
    Other
    $5,280
    Hours/week
    23 + 13 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.

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.

  • INHS CDFI LLC

    HOUSING DEVELOPMENT · NY · income $0 · assets $194,784

  • INHS IRONDEQUOIT HOUSING LLC

    HOUSING DEVELOPMENT · NY

Related partnerships

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

  • VERONA VILLAGE LLC

    RELATED · HOUSING DEVELOPMENT · NY · 49% owned · share of income -$32,346 · general or managing partner

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
28 September 2023
IRS schema version
2022v5.0
Source object
202342849349300929

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