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Nonprofiteer
← SHALOM HOUSING INC

Form 990 for tax year 2024

Filed by SHALOM HOUSING INC.

Totals

Total revenue
$2,024,976
Total expenses
$1,580,362
Contributions and grants received
$70,664
Grants paid
$220,000
Program service revenue
$1,923,350
Investment income
$19,548
Other revenue
$11,414
Total assets, end of year
$3,720,397
Total liabilities, end of year
$322,350
Net assets or fund balances, end of year
$3,398,047
Program services expenses (Part IX)
$1,400,419
Management and general expenses
$179,943
Fundraising expenses
$0
Program service expenses (Part III)
$1,400,419

Program services were 88.6% 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.

  • 1f · All other contributions, gifts and grants

    $70,664

  • 2a · Program service revenue: TENANT RENTS

    total $1,923,350 · related or exempt $1,923,350

  • 3 · Investment income

    total $19,548 · excluded $19,548

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $7,238 · related or exempt $7,238

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $4,176 · related or exempt $4,176

  • 11e · Other revenue, total

    $11,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,000 · program services $220,000

  • 7 · Other salaries and wages

    total $325,229 · program services $284,425 · management and general $40,804

  • 8 · Pension plan contributions

    total $9,240 · program services $7,115 · management and general $2,125

  • 9 · Other employee benefits

    total $21,879 · program services $16,847 · management and general $5,032

  • 10 · Payroll taxes

    total $28,680 · program services $22,084 · management and general $6,596

  • 11a · Fees: management

    total $90,000 · management and general $90,000

  • 11b · Fees: legal

    total $1,340 · program services $1,032 · management and general $308

  • 11c · Fees: accounting

    total $36,023 · program services $27,738 · management and general $8,285

  • 13 · Office expenses

    total $37,556 · program services $33,467 · management and general $4,089

  • 16 · Occupancy

    total $550,739 · program services $550,739

  • 19 · Conferences, conventions and meetings

    total $7,696 · program services $5,926 · management and general $1,770

  • 22 · Depreciation, depletion and amortization

    total $140,894 · program services $140,894

  • 23 · Insurance

    total $91,017 · program services $70,083 · management and general $20,934

  • 24a · Other expenses: TENANT SERVICES

    total $13,921 · program services $13,921

  • 24b · Other expenses: CREDIT LOSS EXPENSE

    total $6,148 · program services $6,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $315,654 · end of year $823,981

  • 2 · Savings and temporary cash investments

    beginning of year $46,137 · end of year $46,149

  • 4 · Accounts receivable

    beginning of year $52,009 · end of year $67,681

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,664 · end of year $30,860

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

    $6,564,697

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

    $5,602,629

  • 10c · Land, buildings and equipment, net

    beginning of year $1,047,127 · end of year $962,068

  • 15 · Other assets

    beginning of year $1,671,071 · end of year $1,789,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $181,805 · end of year $265,206

  • 25 · Other liabilities

    beginning of year $51,424 · end of year $57,144

  • 27 · Net assets without donor restrictions

    beginning of year $2,945,281 · end of year $3,394,436

  • 28 · Net assets with donor restrictions

    beginning of year $8,152 · end of year $3,611

Mission and programs · 2024

Mission

LOW INCOME HOUSING FOR THE ELDERLY AND MOBILITY IMPAIRED.

Activities or mission (Part I)

LOW INCOME HOUSING FOR THE ELDERLY

  • TO PROVIDE HOUSING TO ELDERLY, MOBILITY IMPAIRED AND LOW-INCOME TENANTS UNDER HUD FINANCED HOUSING (SEC. 202).

    Expenses $1,400,419 · Grants $220,000 · Revenue $1,934,764

As filed on the 2024 return.

Listed in Part VII

  • MINDY STONE

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KAYLA ROSEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MINNA ELLISON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHRISTINE CANNATA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MATTHEW BLANK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ELAINE FARBER BUDISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DOUG EMANUEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ROBIN ENGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • FELICE FARBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MARCIA WERBER FELDMAN

    DIRECTOR (AS OF 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JAMES GALKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MARISA GARBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MAILYN KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MYRNA LEVINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • RICHARD LICHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • HAL MATZKIN

    DIRECTOR (AS OF 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JEFFREY ROGG

    DIRECTOR (AS OF 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • BONNIE RYVICKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • NIECIE WEINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • PAMELA MORRIS

    PRESIDENT AND CEO

    Total calculated
    $212,528
    From this org
    $0
    From related orgs
    $183,083
    Other
    $29,445
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,083 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,000 related
    Nontaxable benefits
    $0 + $26,445 related
    Filer's total
    $0 + $212,528 related

  • RENEE ST JOHN

    CFO

    Total calculated
    $150,701
    From this org
    $0
    From related orgs
    $137,018
    Other
    $13,683
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,018 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,000 related
    Nontaxable benefits
    $0 + $10,683 related
    Filer's total
    $0 + $150,701 related

  • RACHAEL ADAMS

    PORTFOLIO MANAGER

    Total calculated
    $93,593
    From this org
    $0
    From related orgs
    $90,593
    Other
    $3,000
    Hours/week
    20 + 20 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. 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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202611359349305966

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