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Nonprofiteer
← SYRACUSE MODEL NEIGHBORHOOD CORP

Form 990 for tax year 2023

Filed by SYRACUSE MODEL NEIGHBORHOOD CORP.

Totals

Total revenue
$3,354,753
Total expenses
$3,000,005
Contributions and grants received
$1,770,684
Grants paid
$0
Program service revenue
$712,918
Investment income
$542,741
Other revenue
$328,410
Total assets, end of year
$864,886
Total liabilities, end of year
$1,278,904
Net assets or fund balances, end of year
-$414,018
Program services expenses (Part IX)
$2,959,932
Management and general expenses
$40,073
Fundraising expenses
$0
Program service expenses (Part III)
$2,959,932

Program services were 98.7% 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.

  • 1d · Related organizations

    $1,640,960

  • 1f · All other contributions, gifts and grants

    $129,724

  • 2a · Program service revenue: RENTAL INCOME

    total $712,918 · related or exempt $712,918

  • 3 · Investment income

    total $121 · excluded $121

  • 7a · Gross sales of assets other than inventory

    other assets $550,564

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

    other assets $7,944

  • 7c · Gain or loss

    other assets $542,620

  • 7d · Net gain or loss

    total $542,620 · related or exempt $542,620

  • 11a · Other revenue: DEBT FORGIVENESS REVEN

    total $327,710 · related or exempt $327,710

  • 11b · Other revenue: OTHER

    total $700 · related or exempt $700

  • 11e · Other revenue, total

    $328,410

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $15,165 · management and general $15,165

  • 11c · Fees: accounting

    total $1,010 · program services $1,010

  • 11g · Fees: other

    total $3,747 · program services $3,747

  • 13 · Office expenses

    total $4,145 · program services $400 · management and general $3,745

  • 16 · Occupancy

    total $76,226 · program services $70,813 · management and general $5,413

  • 20 · Interest

    total $7,500 · program services $7,500

  • 22 · Depreciation, depletion and amortization

    total $49,934 · program services $49,934

  • 23 · Insurance

    total $112,831 · program services $112,831

  • 24a · Other expenses: GRANT EXPENSES

    total $1,640,960 · program services $1,640,960

  • 24b · Other expenses: PROPERTY MANAGEMENT AND

    total $863,058 · program services $863,058

  • 24c · Other expenses: SHARED SERVICE EXPENSE

    total $225,000 · program services $209,250 · management and general $15,750

  • 24d · Other expenses: DUES AND PUBLICATIONS

    total $385 · program services $385

  • 24e · All other expenses

    total $44 · program services $44

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $318,188 · end of year $123,021

  • 2 · Savings and temporary cash investments

    beginning of year $36,676 · end of year $36,826

  • 4 · Accounts receivable

    beginning of year $7,351 · end of year $4,003

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,214 · end of year $21,360

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

    $7,412,701

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

    $6,905,371

  • 10c · Land, buildings and equipment, net

    beginning of year $561,113 · end of year $507,330

  • 15 · Other assets

    beginning of year $169,944 · end of year $172,346

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,993 · end of year $45,898

  • 19 · Deferred revenue

    beginning of year $78,688 · end of year $74,151

  • 23 · Secured mortgages and notes payable

    beginning of year $1,085,483 · end of year $457,773

  • 25 · Other liabilities

    beginning of year $629,088 · end of year $701,082

  • 27 · Net assets without donor restrictions

    beginning of year -$768,766 · end of year -$414,018

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO ENHANCE AND BUILD RESILIENT DIVERSE COMMUNITIES, BY SUPPORTING ECONOMIC GROWTH, CREATIVE COMMUNITY-BASED INITIATIVES, AND QUALITY HOUSING SERVICES IN THE NEIGHBORHOODS IT SERVES.

  • RENTAL AND SALES OF HOUSING TO LOW-MODERATE INCOME FAMILIES.

    Expenses $2,830,208 · Revenue $2,353,877

  • NEIGHBORHOOD PRESERVATION PROGRAM - OPERATING SUPPORT FOR COMMUNITY DEVELOPMENT, NEIGHBORHOOD PRESERVATION ACTIVITIES.

    Expenses $129,724 · Revenue $129,724

As filed on the 2023 return.

Listed in Part VII

  • KERRY QUAGLIA

    BOARD CHAIR/PRESIDENT

    Total calculated
    $207,425
    From this org
    $0
    From related orgs
    $188,405
    Other
    $19,020
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,405 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,304 related
    Nontaxable benefits
    $0 + $7,716 related
    Filer's total
    $0 + $207,425 related

  • KITTY RICE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RENEE SEALS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CIMONE JORDAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CELINA DEFRANCIS

    ASSISTANT SECRETARY

    Total calculated
    $101,932
    From this org
    $0
    From related orgs
    $83,795
    Other
    $18,137
    Hours/week
    1 + 40 related

  • MARIE MATTISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AYEHSA EVERSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE WELCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARLAINA HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRICIA BAUER

    CFO

    Total calculated
    $147,339
    From this org
    $0
    From related orgs
    $138,906
    Other
    $8,433
    Hours/week
    1 + 40 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.

  • HOME HEADQUARTERS INC

    501(C)(3) · PROVIDE HOMEBUYING EDUCATIONAL COURSES AS WELL AS POST-PURCHASE · NY

  • OPPORTUNITY HEADQUARTERS

    501(C)(3) · TO PROVIDE CONSTRUCTION APPRENTICE TRAINING AND CONSTRUCTION SERVICES · NY

    Directly controlled by HOME HEADQUARTERS INC

  • CAYUGA DEVELOPMENTS INC

    501(C)(4) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING · NY

    Directly controlled by HOME HEADQUARTERS INC

  • HOMSITE HOLDING CO INC

    501(C)(2) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING · NY

    Directly controlled by HOME HEADQUARTERS INC

  • HOMSITE FUND INC

    501(C)(3) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING · NY

    Directly controlled by HOME HEADQUARTERS INC

  • CAYUGA COUNTY HOMSITE DEVELOPMENT CORPORATION

    501(C)(3) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING · NY

    Directly controlled by HOME HEADQUARTERS INC

  • SYRACUSE MODEL NEIGHBORHOOD CORPORATION

    501(C)(3) · TO PROVIDE HOUSING FOR LOW TO MODERATE INCOME FAMILIES · NY

    Directly controlled by HOME HEADQUARTERS 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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202422349349300112

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