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Nonprofiteer
← BRADFORD-TIOGA LEASED HOUSING CORPORATION

Form 990 for tax year 2023

Filed by BRADFORD-TIOGA LEASED HOUSING CORPORATION.

Totals

Total revenue
$42,337
Total expenses
$50,490
Contributions and grants received
$8,328
Grants paid
$0
Program service revenue
-$35,466
Investment income
$69,475
Other revenue
$0
Total assets, end of year
$2,731,692
Total liabilities, end of year
$52,206
Net assets or fund balances, end of year
$2,679,486
Program services expenses (Part IX)
$10,566
Management and general expenses
$39,924
Fundraising expenses
$0
Program service expenses (Part III)
$10,566

Program services were 20.9% 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.

  • 1f · All other contributions, gifts and grants

    $8,328

  • 1g · Noncash contributions included above

    $8,328

  • 2a · Program service revenue: PROGRAM SERVICE INTERE

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

  • 2b · Program service revenue: LOW INCOME HOUSING REN

    total -$36,568 · related or exempt -$36,568

  • 3 · Investment income

    total $58,422 · excluded $58,422

  • 7a · Gross sales of assets other than inventory

    securities $413,392

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

    securities $402,339

  • 7c · Gain or loss

    securities $11,053

  • 7d · Net gain or loss

    total $11,053 · excluded $11,053

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,785 · management and general $8,785

  • 11f · Fees: investment management

    total $11,949 · management and general $11,949

  • 23 · Insurance

    total $1,190 · management and general $1,190

  • 24a · Other expenses: ADMINISTRATIVE COSTS

    total $18,000 · management and general $18,000

  • 24b · Other expenses: WELLSBORO HOUSING ASSOC

    total $10,566 · program services $10,566

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $85,834 · end of year $86,877

  • 7 · Other notes and loans receivable

    beginning of year $549,301 · end of year $540,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $836 · end of year $836

  • 11 · Investments: publicly traded securities

    beginning of year $2,032,662 · end of year $2,060,917

  • 15 · Other assets

    beginning of year $39,806 · end of year $42,972

  • 23 · Secured mortgages and notes payable

    beginning of year $60,534 · end of year $52,206

  • 27 · Net assets without donor restrictions

    beginning of year $2,647,905 · end of year $2,679,486

Mission and programs · 2023

Mission

PROMOTE AND ADVANCE DECENT, SAFE, AND SANITARY HOUSING TO PERSONS OF LOW INCOME, MODERATE INCOME OR THE ELDERLY AND/OR DISABLED IN BRADFORD COUNTY, PENNSYLVANIA AND TIOGA COUNTY, PENNSYLVANIA.

Activities or mission (Part I)

PROVIDE FINANCIAL ASSISTANCE TO PUBLIC HOUSING AUTHORITIES FOR ACQUISITION AND/OR CONSTRUCTION.

  • THE FOLLOWING ACTIVITIES ARE PLANNED BY THE ORGANIZATION TO ACHIEVE ITS PURPOSE: 1) PROVIDING FINANCIAL ASSISTANCE TO THE PUBLIC HOUSING AUTHORITIES OF BRADFORD AND TIOGA COUNTIES BY FINANCING THE ACQUISITION OR CONSTRUCTION OF BUILDINGS FOR PUBLIC HOUSING PURPOSES. 2) PROVIDE FINANCIAL ASSISTANCE TO OTHER CHARITABLE NOT-FOR-PROFIT IRC SECTION 501(C)3 ORGANIZATIONS IN BRADFORD AND TIOGA COUNTIES BY ASSISTING IN THE FINANCING FOR THE ACQUISITION AND/OR CONSTRUCTION OF BUILDINGS FOR PUBLIC HOUSING PURPOSES. 3) ACQUIRE BY LEASE, PURCHASE, LEASE-BACK OR OTHERWISE, REAL ESTATE IN BRADFORD AND TIOGA COUNTIES TO CONSTRUCT OR OTHERWISE ACQUIRE AND EQUIP BUILDINGS WHICH MAY BE UTILIZED BY THE PUBLIC HOUSING AUTHORITIES OF BRADFORD AND TIOGA COUNTIES OR BY OTHER NOT-FOR-PROFIT SECTION 501(C)3 ORGANIZATIONS FOR LOW RENT HOUSING AND OTHER CIVIC PURPOSES AUTHORIZED BY LAW. 4) BORROW FUNDS NECESSARY TO FUND THE COSTS OF ACQUIRING, CONSTRUCTING, MAINTAINING, AND OPERATING SUCH PROPERTIES AND FACILITIES.

    Expenses $10,566

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Roger Graham

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ray Depaola

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Amy Wood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barb Austin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shane Nickerson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Sember

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

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.

  • NORTH TOWANDA HOUSINGS ASSOICATES LP

    RELATED · LOW-INCOME HOUSING · PA · 0.02% owned · share of income -$19 · share of assets $206,952 · general or managing partner

    Directly controlled by BRADFORD-TIOGA LEASED HOUSING CORP

  • WELLSBORO HOUSING ASSOCIATES LP

    RELATED · LOW-INCOME HOUSING · PA · 0.02% owned · share of income -$36,538 · share of assets $73,772 · general or managing partner

    Directly controlled by BRADFORD-TIOGA LEASED HOUSING CORP

  • LIBERTY COTTAGES LP

    RELATED · LOW-INCOME HOUSING · PA · 0.01% owned · share of income -$11 · share of assets $14,294 · general or managing partner

    Directly controlled by BRADFORD-TIOGA LEASED HOUSING CORP

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202520439349300607

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