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← BAILEY-HOLT HOUSE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by BAILEY-HOLT HOUSE HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$167,092
Total expenses
$130,701
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$167,092
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,097,459
Total liabilities, end of year
$19,050,308
Net assets or fund balances, end of year
$47,151
Program services expenses (Part IX)
$130,701
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$130,701

Program services were 100.0% 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: RENTAL INCOME

    total $167,092 · related or exempt $167,092

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $655 · program services $655

  • 13 · Office expenses

    total $1,346 · program services $1,346

  • 14 · Information technology

    total $240 · program services $240

  • 20 · Interest

    total $19,100 · program services $19,100

  • 22 · Depreciation, depletion and amortization

    total $105,333 · program services $105,333

  • 23 · Insurance

    total $4,027 · program services $4,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,099 · end of year $26,098

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

    $19,488,766

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

    $474,000

  • 10c · Land, buildings and equipment, net

    beginning of year $19,119,276 · end of year $19,014,766

  • 15 · Other assets

    beginning of year $75,693 · end of year $56,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,250

  • 19 · Deferred revenue

    beginning of year $1,692,784 · end of year $1,692,784

  • 23 · Secured mortgages and notes payable

    beginning of year $384,681 · end of year $384,681

  • 25 · Other liabilities

    beginning of year $17,124,593 · end of year $16,972,843

  • 27 · Net assets without donor restrictions

    beginning of year $10,760 · end of year $47,151

Mission and programs · 2022

Mission

TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO PEOPLE LIVING WITH HIV/AIDS AND TO ADVOCATE ON THEIR BEHALF. OUR HOUSING PROGRAMS AND COMMUNITY SERVICES ARE DESIGNED TO PROVIDE A CONTINUUM OF CARE THAT SERVES AS A NATIONAL MODEL.OUR SERVICES INCLUDE HOUSING, CASE MANAGEMENT AND OTHER PROGRAMS THAT STRIVE TO REDUCE HIV INCIDENCES, INCREASE ACCESS TO CARE AND OPTIMIZE HEALTH OUTCOMES AND REDUCE HEALTH DISPARITIES AND HOMELESSNESS.

Activities or mission (Part I)

TO ADVOCATE AND PROVIDE HOUSING AND SUPPORTIVE SERVICE TO PEOPLE LIVING WITH HIV/AIDS.

  • ESTABLISHED TO ACQUIRE BAILEY-HOLT HOUSE FROM THE CITY OF NEW YORK, THIS FACILITY HOUSED 46 SINGLE ADULTS LIVING WITH HIV/AIDS. SERVICES INCLUDE 24-HOUR STAFFING, A COMMUNAL DINING ROOM OFFERING THREE MEALS DAILY, HEALTH CARE COORDINATION, CASE MANAGEMENT AND INDEPENDENT LIVING SKILLS, A FITNESS ROOM, AN OUTDOOR ROOFTOP GARDEN, AND OTHER THERAPEUTIC RECREATIONAL ACTIVITIES.

    Expenses $130,701 · Revenue $167,092

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

Listed in Part VII

  • Charles King

    MEMBER

    Total calculated
    $473,043
    From this org
    $0
    From related orgs
    $456,081
    Other
    $16,962
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,919 related
    Bonus
    $0 + $75,400 related
    Other
    $0 + $762 related
    Deferred
    $0 + $4,687 related
    Nontaxable benefits
    $0 + $12,275 related
    Filer's total
    $0 + $473,043 related

  • Gregory Spraggins

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Jacques MD

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Lack-Kaplan

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Katherine G Weinstein

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathleen McGivney

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Louis A Burns Sr

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matthew Bernardo

    MEMBER

    Total calculated
    $369,232
    From this org
    $0
    From related orgs
    $339,453
    Other
    $29,779
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,544 related
    Bonus
    $0 + $59,651 related
    Other
    $0 + $258 related
    Deferred
    $0 + $6,104 related
    Nontaxable benefits
    $0 + $23,675 related
    Filer's total
    $0 + $369,232 related

  • Matthew Baney

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ted Dawson

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 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. 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

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.

Related partnerships

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

  • FITZPATRICK ASSOCIATES LP

    HOUSING · NY

Related corporations and trusts

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

  • BRONX CLAREMONT PARKWAY GP

    C · HOUSING · NY

  • HOUSING WORKS CANNABIS LLC

    C · HOUSING · NY

  • HOUSING WORKS LIRIO HOUSING DEVELOPMENT FUND CORPORATION

    C · HOUSING · NY

  • HW LIRIO INC

    C · HOUSING · NY

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349302957

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