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Nonprofiteer
← MHANY 1999 HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by MHANY 1999 HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$668,406
Total expenses
$660,965
Contributions and grants received
$4,209
Grants paid
$0
Program service revenue
$663,760
Investment income
$0
Other revenue
$437
Total assets, end of year
$1,980,102
Total liabilities, end of year
$9,354,044
Net assets or fund balances, end of year
-$7,373,942
Program services expenses (Part IX)
$594,793
Management and general expenses
$66,172
Fundraising expenses
$0
Program service expenses (Part III)
$594,793

Program services were 90.0% 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.

  • 1e · Government grants (contributions)

    $4,209

  • 2a · Program service revenue: RENTAL INCOME

    total $663,760 · related or exempt $663,760

  • 11d · All other revenue

    total $437 · related or exempt $437

  • 11e · Other revenue, total

    $437

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $100,699 · program services $47,222 · management and general $53,477

  • 11b · Fees: legal

    total $767 · program services $767

  • 11c · Fees: accounting

    total $12,695 · management and general $12,695

  • 11g · Fees: other

    total $2,519 · program services $2,519

  • 13 · Office expenses

    total $1,701 · program services $1,701

  • 16 · Occupancy

    total $212,887 · program services $212,887

  • 20 · Interest

    total $74,751 · program services $74,751

  • 22 · Depreciation, depletion and amortization

    total $44,341 · program services $44,341

  • 23 · Insurance

    total $61,132 · program services $61,132

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $104,604 · program services $104,604

  • 24b · Other expenses: BAD DEBTS

    total $43,992 · program services $43,992

  • 24c · Other expenses: PERMITS

    total $280 · program services $280

  • 24e · All other expenses

    total $597 · program services $597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $272,639 · end of year $20,890

  • 4 · Accounts receivable

    beginning of year $58,964 · end of year $75,099

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,397 · end of year $5,567

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

    $5,962,154

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

    $4,391,139

  • 10c · Land, buildings and equipment, net

    beginning of year $1,414,816 · end of year $1,571,015

  • 15 · Other assets

    beginning of year $265,571 · end of year $307,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $324,089 · end of year $30,344

  • 19 · Deferred revenue

    beginning of year $8,650 · end of year $6,970

  • 21 · Escrow or custodial account liability

    beginning of year $29,540 · end of year $29,540

  • 23 · Secured mortgages and notes payable

    beginning of year $8,848,454 · end of year $8,827,010

  • 25 · Other liabilities

    beginning of year $187,037 · end of year $460,180

  • 27 · Net assets without donor restrictions

    beginning of year -$7,381,383 · end of year -$7,373,942

Mission and programs · 2022

Mission

DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

  • EXPENSES WERE INCURRED FOR THE MAINTENANCE OF A HOUSING PROJECT DEVELOPED FOR THE BENEFIT OF PERSONS OF LOW INCOME.

    Expenses $594,793 · Revenue $664,197

As filed on the 2022 return.

Listed in Part VII

  • Dorothy Amadi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • Derrick Owens

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • Natalie Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 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.

  • MHAMY PENINSULA LOCAL DEVELOPMENT CORPORATION

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 1999 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2002 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2003 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2004 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2005 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2011 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2013

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY DUMONT HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY MANAGEMENT INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

  • MHANY STELLA

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MUTUAL HOUSING ASSOCIATION OF NEW YORK

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • NEW JERSEY ACORN HOUSING CORPORATION INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

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.

  • 730 ROCKAWAY AVE LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • 830 FOX STREET LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • 830 FOX STREET MANAGERS LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • ACORN NEW JERSEY STRAIGHT APARTMENTS LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • BRISTOL HOPKINSON LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY 3 ASSOCIATES LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY 4 ASSOCIATES LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY 5 ASSOC LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY CORTELYOU LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY CORTELYOU GP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY OWNERS 2015 LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • PE2 OWNERS LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • PHOENIX ESTATES LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

Related corporations and trusts

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

  • 1825 ATLANTIC MHANY INC

    C · INVESTMENT · NY

  • 730 ROCKAWAY INC

    C · INVESTMENT · NY

  • 830 FOX STREET HDFC

    C · INVESTMENT · NY

  • ACORN STRAIGHT APARTMENTS INC

    C · INVESTMENT · NY

  • ACORN BRISTOL HDFC

    C · INVESTMENT · NY

  • MHANY 2007 HDFC

    C · INVESTMENT · NY

  • MHANY 2013 HOLDINGS HDFC

    C · INVESTMENT · NY

  • MHANY 2015 HDFC

    C · INVESTMENT · NY

  • MHANY 2015 MANAGER INC

    C · INVESTMENT · NY

  • MHANY 3 INC

    C · INVESTMENT · NY

  • MHANY 4 INC

    C · INVESTMENT · NY

  • MHANY 5 INC

    C · INVESTMENT · NY

  • MHANY BRITSOL INC

    C · INVESTMENT · NY

  • MHANY CORTELYOU HDFC

    C · INVESTMENT · NY

  • PE2 HDFC

    C · INVESTMENT · NY

  • PE2 MANAGER LLC

    C · INVESTMENT · NY

  • PHOENIX ESTATES HDFC

    C · INVESTMENT · NY

  • PHOENIX HUNTS POINT CORP

    C · INVESTMENT · NY

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343119349302194

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