Skip to content
Nonprofiteer
← NEW YORK INSTITUTE FOR HUMAN DEVELOPMENT INC

Form 990 for tax year 2023

Filed by NEW YORK INSTITUTE FOR HUMAN DEVELOPMENT INC.

Totals

Total revenue
$5,778,753
Total expenses
$7,619,824
Contributions and grants received
$0
Grants paid
$744,392
Program service revenue
$5,735,599
Investment income
$43,154
Other revenue
$0
Total assets, end of year
$47,955,232
Total liabilities, end of year
$39,703,148
Net assets or fund balances, end of year
$8,252,084
Program services expenses (Part IX)
$7,049,307
Management and general expenses
$570,517
Fundraising expenses
$0
Program service expenses (Part III)
$7,049,307

Program services were 92.5% 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: DEVELOPER FEES

    total $4,479,450 · related or exempt $4,479,450

  • 2b · Program service revenue: HOUSING PROJECT MGMT.

    total $733,331 · related or exempt $733,331

  • 2c · Program service revenue: INT. ON PROGRAM INV.

    total $474,286 · related or exempt $474,286

  • 2d · Program service revenue: CONSTRUCTION MGMT.

    total $45,000 · related or exempt $45,000

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $3,532 · related or exempt $3,532

  • 3 · Investment income

    total $43,154 · excluded $43,154

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $744,392 · program services $744,392

  • 5 · Compensation of officers, directors and key employees

    total $510,568 · program services $463,711 · management and general $46,857

  • 7 · Other salaries and wages

    total $799,222 · program services $769,031 · management and general $30,191

  • 8 · Pension plan contributions

    total $59,603 · program services $56,236 · management and general $3,367

  • 9 · Other employee benefits

    total $6,482 · program services $6,129 · management and general $353

  • 10 · Payroll taxes

    total $88,860 · program services $83,479 · management and general $5,381

  • 11a · Fees: management

    total $403,333 · management and general $403,333

  • 11b · Fees: legal

    total $105,659 · program services $101,928 · management and general $3,731

  • 11c · Fees: accounting

    total $7,950 · management and general $7,950

  • 11g · Fees: other

    total $4,668,451 · program services $4,612,900 · management and general $55,551

  • 12 · Advertising and promotion

    total $3,000 · program services $3,000

  • 13 · Office expenses

    total $107,323 · program services $106,146 · management and general $1,177

  • 16 · Occupancy

    total $70,255 · program services $60,227 · management and general $10,028

  • 23 · Insurance

    total $32,226 · program services $29,628 · management and general $2,598

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $12,500 · program services $12,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,665,086 · end of year $2,291,763

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $3,011,710

  • 4 · Accounts receivable

    beginning of year $22,500 · end of year $17,525

  • 7 · Other notes and loans receivable

    beginning of year $32,877,352 · end of year $38,437,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,978 · end of year $68,509

  • 12 · Investments: other securities

    beginning of year $3,319,503 · end of year $4,080,000

  • 15 · Other assets

    beginning of year $95,272 · end of year $47,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,692 · end of year $330,102

  • 19 · Deferred revenue

    beginning of year $32,877,353 · end of year $38,437,834

  • 25 · Other liabilities

    beginning of year $536,841 · end of year $935,212

  • 27 · Net assets without donor restrictions

    beginning of year $8,358,805 · end of year $8,252,084

Mission and programs · 2023

Mission

TO ASSURE THE MAINTENANCE AND DEVELOPMENT OF QUALITY AFFORDABLE HOUSING THROUGH MANAGEMENT AND OVERSIGHT SERVICES TO PARISH-SPONSORED HOUSING PROJECTS OWNED BY NON-PROFIT HOUSING DEVELOPMENT AND FINANCE COMPANIES. IHD ALSO MANAGES DEVELOPMENT OF NEW AFFORDABLE HOUSING UNITS ON VACANT OR UNDERUTILIZED PARISH PROPERTIES, AND THE REFINANCING OF EXISTING DEBT OBLIGATIONS.

Activities or mission (Part I)

TO AID IN THE CREATION, SURVIVAL, AND GROWTH OF COMMUNITY-BASED ORGANIZATIONS THROUGH A BROAD RANGE OF TECHNICAL ASSISTANCE, CONSULTING SERVICES, AND FINANCIAL SUPPORT. ASSOCIATION OF NEW YORK CATHOLIC HOMES, INC. ("ANYCH") IS THE SOLE MEMBER OF IHD AND PROVIDES OVERSIGHT TO ARCHDIOCESAN AFFILIATED HOUSING COMPANIES. THEREFORE, IHD IS AFFILIATED WITH THE CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEW YORK ("CC") AND OTHER ARCHDIOCESAN ENTITIES.

  • THE ORGANIZATION PROVIDES CONSULTING TO VARIOUS INDEPENDENT COMPANIES THAT MANAGE AFFORDABLE MULTIFAMILY AND SENIOR CITIZEN HOUSING. THE ORGANIZATION ALSO PROVIDES CONSTRUCTION MANAGEMENT CONSULTING AND DEVELOPMENT SERVICES TO HOUSING DEVELOPMENT FINANCE CORPORATIONS ENGAGED IN THE REHABILITATION OF EXISTING AFFORDABLE HOUSING PROJECTS AND CONSTRUCTION FOR NEW AFFORDABLE HOUSING.

    Expenses $7,049,307 · Grants $744,392 · Revenue $5,735,599

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

Listed in Part VII

  • Monsignor Kevin Sullivan

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William Whiston

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Brown

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • George Horton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Cahill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paula Carethers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Reverend Eric Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stanley Grayson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Beatriz Diaz-Taveras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Luz Tavarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Johanna Kletter

    INTERIM CEO (THRU APRIL 2023)

    Total calculated
    $233,908
    From this org
    $227,265
    From related orgs
    $0
    Other
    $6,643
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $227,265
    Bonus
    $0
    Other
    $0
    Deferred
    $6,138
    Nontaxable benefits
    $505
    Filer's total
    $233,908

  • Russell Lang

    PRESIDENT & CEO (AS OF MAY 2023)

    Total calculated
    $230,701
    From this org
    $230,280
    From related orgs
    $0
    Other
    $421
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $230,117
    Bonus
    $0
    Other
    $163
    Deferred
    $0
    Nontaxable benefits
    $421
    Filer's total
    $230,701

  • Erika Brandt

    CHIEF OPERATING OFFICER

    Total calculated
    $45,959
    From this org
    $45,872
    From related orgs
    $0
    Other
    $87
    Hours/week
    20 + 20 related

  • Susan Albrecht

    SENIOR DIRECTOR, DEVELOPMENT

    Total calculated
    $218,943
    From this org
    $177,650
    From related orgs
    $0
    Other
    $41,293
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $176,549
    Bonus
    $0
    Other
    $1,101
    Deferred
    $11,400
    Nontaxable benefits
    $29,893
    Filer's total
    $218,943

  • Angela Herrera-Sanchez

    SENIOR PROJECT ASSET MANAGER

    Total calculated
    $140,018
    From this org
    $125,296
    From related orgs
    $0
    Other
    $14,722
    Hours/week
    35

  • Drew Kiriazides

    ASSOCIATE DIRECTOR, DEVELOPMENT

    Total calculated
    $142,167
    From this org
    $117,799
    From related orgs
    $0
    Other
    $24,368
    Hours/week
    35

  • Launthia Wellington

    SENIOR COMPLIANCE MANAGER

    Total calculated
    $136,626
    From this org
    $106,704
    From related orgs
    $0
    Other
    $29,922
    Hours/week
    35

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
LAUNTHIA WELLINGTON, SENIOR COMPLIANCE MANAGER, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $15,566 IN 2023.

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.

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.

  • ST PHILIP NERI APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • WOODSTOCK MANOR ASSOCIATES LP

    PROVIDE LOW INCOME HOUSING · NY

  • ST VINCENT DEPAUL APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • ST AUGUSTINE APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • HAVEN PLAZA SQUARE LLC

    PROVIDE LOW INCOME HOUSING · NY

  • SECOND FARMS AFFORDABLE LLC

    PROVIDE LOW INCOME HOUSING · NY

  • CARMEL APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • GEORGE HARDY ST FRANCIS APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • 177 BROOME STREET LLC

    PROVIDE LOW INCOME HOUSING · NY

  • ST ANSELM APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • SECOND FARMS APARTMENTS LLC

    PROVIDE LOW INCOME HOUSING · NY

  • CHRISTOPHER COURT HOUSING COMPANY LIMITED PARTNERSHIP

    PROVIDE LOW INCOME HOUSING · NY

  • CLINTON BROOME DEVELOPMENT LLC

    PROVIDE LOW INCOME HOUSING · NY

  • WOODSTOCK MANOR GP LLC

    PROVIDE LOW INCOME HOUSING · NY

Related corporations and trusts

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

  • ANYCHCARM CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCH GHSF CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHATTY CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHHP CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHRIDGE CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHSFARMS CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHSPN CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHSTA CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHSVDP CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • ANYCHANSELM CORP

    C · PROVIDE LOW INCOME HOUSING · NY

  • WOODSTOCK MANOR HOUSING DEVELOPMENT FUND CORPORATION

    C · PROVIDE LOW INCOME HOUSING · NY

  • METROPOLITAN MUTUAL HOUSING ASSOCIATION INC

    C · PROVIDE LOW INCOME HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349328178

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.