Form 990 for tax year 2023
Filed by CATHOLIC CHARITIES PROGRESS OF DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $12,353,348
- Total expenses
- $2,342,422
- Contributions and grants received
- $2,936,151
- Grants paid
- $0
- Program service revenue
- $4,692,574
- Investment income
- $4,618,446
- Other revenue
- $106,177
- Total assets, end of year
- $136,928,045
- Total liabilities, end of year
- $4,255,932
- Net assets or fund balances, end of year
- $132,672,113
- Program services expenses (Part IX)
- $642,077
- Management and general expenses
- $1,700,345
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $642,077
Program services were 27.4% 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
$2,936,151
-
2a · Program service revenue: DEVELOPER'S FEE
total $4,593,687 · related or exempt $4,593,687
-
2b · Program service revenue: RENTAL INCOME
total $98,887 · related or exempt $98,887
-
3 · Investment income
total $4,489,170 · unrelated business $0 · excluded $4,489,170
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $5,927,628
-
7b · Less cost or other basis and sales expenses
securities $5,798,352
-
7c · Gain or loss
securities $129,276
-
7d · Net gain or loss
total $129,276 · excluded $129,276
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS INCOME
total $106,177 · excluded $106,177
-
11e · Other revenue, total
$106,177
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $235,811 · management and general $235,811
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $534,024 · program services $68,509 · management and general $465,515
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $93,978 · program services $93,978
-
10 · Payroll taxes
total $54,336 · program services $54,336
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $230,000 · management and general $230,000
-
11c · Fees: accounting
total $65,500 · management and general $65,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $141,178 · management and general $141,178
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $23,939 · management and general $23,939
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $113,927 · program services $113,927
-
17 · Travel
total $1,196 · management and general $1,196
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,740 · management and general $6,740
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $8,332 · management and general $8,332
-
23 · Insurance
total $8,874 · program services $8,874
-
24a · Other expenses: ADMINISTRATIVE FEE
total $522,134 · management and general $522,134
-
24b · Other expenses: BAD DEBTS
total $299,223 · program services $299,223
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $3,230 · program services $3,230
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,082,029 · end of year $7,360,078
-
2 · Savings and temporary cash investments
beginning of year $5,255,754 · end of year $8,887,384
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $17,885,267 · end of year $15,133,541
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $47,011,492 · end of year $49,633,138
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,608 · end of year $12,876
-
10a · Land, buildings and equipment: cost or other basis
$493,148
-
10b · Land, buildings and equipment: accumulated depreciation
$258,539
-
10c · Land, buildings and equipment, net
beginning of year $242,941 · end of year $234,609
-
11 · Investments: publicly traded securities
beginning of year $23,160,781 · end of year $27,249,271
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $882,358 · end of year $882,358
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $25,662,452 · end of year $27,534,790
-
17 · Accounts payable and accrued expenses
beginning of year $288,317 · end of year $213,065
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $596,344 · end of year $587,854
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $2,298,899 · end of year $2,298,899
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,001,238 · end of year $1,156,114
-
27 · Net assets without donor restrictions
beginning of year $119,001,884 · end of year $132,672,113
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
SPONSOR, ARRANGE AND PROVIDE AFFORDABLE HOUSING TO LOW, MODERATE AND MIDDLE-INCOME RESIDENTS, INCLUDING THE ELDERLY RESIDING IN BROOKLYN AND QUEENS, AND NEW YORK CITY, NEW YORK.
Activities or mission (Part I)
SPONSOR, ARRANGE AND PROVIDE AFFORDABLE HOUSING TO LOW, MODERATE, AND MIDDLE INCOME RESIDENTS INCLUDING THE ELDERLY RESIDING IN BROOKLYN AND QUEENS, NEW YORK CITY, NEW YORK.
-
PROVIDE TECHNICAL ASSISTANCE TO AFFILIATED ORGANIZATIONS IN DEVELOPING TAX-EXEMPT, LOW-INCOME HOUSING FOR THE RESIDENTS OF BROOKLYN AND QUEENS, AND NEW YORK CITY, NEW YORK.
Expenses $642,077 · Revenue $4,692,574
As filed on the 2023 return.
Listed in Part VII
-
Emmie Glynn RyanEMMIE GLYNN RYAN
EXEC. SEC/COS/GEN. COUNSEL
- Total calculated
- $357,550
- From this org
- $0
- From related orgs
- $320,188
- Other
- $37,362
- Hours/week
- 0.2 + 34.8 related
Schedule J breakdown matched by us
- Base
- $0 + $316,073 related
- Bonus
- $0
- Other
- $0 + $4,115 related
- Deferred
- $0 + $9,250 related
- Nontaxable benefits
- $0 + $28,112 related
- Filer's total
- $0 + $357,550 related
-
Christine D'OttavioCHRISTINE D'OTTAVIO
CFO
- Total calculated
- $273,900
- From this org
- $0
- From related orgs
- $243,075
- Other
- $30,825
- Hours/week
- 0.2 + 34.8 related
Schedule J breakdown matched by us
- Base
- $0 + $242,871 related
- Bonus
- $0
- Other
- $0 + $204 related
- Deferred
- $0 + $5,500 related
- Nontaxable benefits
- $0 + $25,325 related
- Filer's total
- $0 + $273,900 related
-
Timothy McManusTIMOTHY MCMANUS
SENIOR VP
- Total calculated
- $231,321
- From this org
- $222,860
- From related orgs
- $0
- Other
- $8,461
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $222,860
- Bonus
- $0
- Other
- $0
- Deferred
- $5,260
- Nontaxable benefits
- $3,201
- Filer's total
- $231,321
-
David DownsDAVID DOWNS
VP PROGRAM MANAGEMENT
- Total calculated
- $175,965
- From this org
- $170,766
- From related orgs
- $0
- Other
- $5,199
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $170,766
- Bonus
- $0
- Other
- $0
- Deferred
- $4,712
- Nontaxable benefits
- $487
- Filer's total
- $175,965
-
Jennifer SwiftJENNIFER SWIFT
ASSOCIATE DIRECOR
- Total calculated
- $131,101
- From this org
- $126,000
- From related orgs
- $0
- Other
- $5,101
- Hours/week
- 35
-
Jacob E GottfriedJACOB E GOTTFRIED
SR. PROJECT DIRECTOR
- Total calculated
- $114,291
- From this org
- $108,150
- From related orgs
- $0
- Other
- $6,141
- Hours/week
- 35
-
Very Rev Patrick KeatingVERY REV PATRICK KEATING
DEPUTY CEO
- Total calculated
- $46,500
- From this org
- $0
- From related orgs
- $45,000
- Other
- $1,500
- Hours/week
- 0.2 + 34.8 related
-
Rev Msgr Alfred P LopintoREV MSGR ALFRED P LOPINTO
CEO
- Total calculated
- $43,500
- From this org
- $0
- From related orgs
- $37,000
- Other
- $6,500
- Hours/week
- 0.2 + 34.8 related
-
Joseph GiamboiJOSEPH GIAMBOI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John CantirinoJOHN CANTIRINO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Gail DukeGAIL DUKE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Rev Richard J AhlemeyerREV RICHARD J AHLEMEYER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Paul T CassonePAUL T CASSONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter CastellanaPETER CASTELLANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Thomas GrechTHOMAS GRECH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Daniel GreeneDANIEL GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Michael LappinMICHAEL LAPPIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicholas PaolilloNICHOLAS PAOLILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Andreas SymietzANDREAS SYMIETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
John TynanJOHN TYNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 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
The filer's explanations (Part III)
- SCHEDULE, J, PART I, LINE 3:
- THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHO USED ONE OR MORE OF THESE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
- SCHEDULE J, PART II:
- FOR INDIVIDUALS LISTED ON PART II, INCLUDED IN COLUMN B(III) IS TAXABLE AUTO ALLOWANCE IN ADDITION TO GROUP TERM LIFE INSURANCE.
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.
-
CATHOLIC CHARITIES DIOCESE OF BROOKLYN
501(C)(3) · CHARITABLE · NY
Directly controlled by NA
-
CATHOLIC CHARITIES NEIGHBORHOOD SVCS
501(C)(3) · SOCIAL SVCS · NY
Directly controlled by CCBQ
-
CASA BETSAIDA HDFC
501(C)(3) · SOCIAL PROG · NY
Directly controlled by CCBQ
-
501(C)(2) · REAL ESTATE · NY
Directly controlled by CCBQ
-
501(C)(3) · SOCIAL SVCS · NY
Directly controlled by CCBQ
-
PIERREPONT CHARITABLE FUND INC
501(C)(3) · SUPPORT CATH · NY
Directly controlled by CCBQ
-
PROGRESS OF PEOPLES MANAGEMENT CORP
501(C)(3) · HOUSING · NY
Directly controlled by CCBQ
-
176 SOUTH EIGHTH STREET APTS HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
DAVID MINKIN RESIDENCE HDFC INC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
MSGR JOSEPH F STEDMAN RESIDENCE HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
PIERREPONT HOUSE FOR THE ELDERLY
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
ST PAUL THE APOSTLE SENIOR HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
101-105 SOUTH EIGHTH STREET APTS HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
CARING COMMUNITIES ASSOCIATES HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
72 LEWIS AVENUE APARTMENTS HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
MONASTERY SENIOR HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
HOWARD BEACH HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
55 PIERREPONT HDFC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
161-01 89TH AVENUE CORPORATION
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
EMMAUS OF THE DIOCESE OF BROOKLYN INC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
QUEENS REHAB CORPORATION
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
ST TERESA OF AVILA SENIOR HDFC INC
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
OUR LADY OF FATIMA
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
501(C)(3) · HOUSING · NY
Directly controlled by POPDC
-
SAINTS JOACHIM & ANNE NURSING & REHAB
501(C)(3) · NURSING FAC · NY
Directly controlled by CCBQ
-
501(C)(3) · SOLAR Energy · NY
Directly controlled by POPDC
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.
-
715 ST JOHN'S PLACE LP
REAL ESTATE · NY
Directly controlled by NA
-
918 KENT AVENUE LP
REAL ESTATE · NY
Directly controlled by NA
-
BISHOP BOARDMAN SENIOR APARTMENTS INC
REAL ESTATE · NY
Directly controlled by NA
-
BISHOP FRANCIS J MUGAVERO SR APARTMENTS
REAL ESTATE · NY
Directly controlled by NA
-
CLASSON AVENUE LTD PARTNERSHIP
REAL ESTATE · NY
Directly controlled by NA
-
HOLY SPIRIT SENIOR APARTMENTS LP
REAL ESTATE · NY
Directly controlled by NA
-
MARY STAR OF THE SEA SENIOR APARTMENTS
REAL ESTATE · NY
Directly controlled by NA
-
MSGR EDWARD T BURKE SENIOR APARTMENTS
REAL ESTATE · NY
Directly controlled by NA
-
MSGR JOHN O'BRIEN SENIOR APARTMENTS LP
REAL ESTATE · NY
Directly controlled by NA
-
MSGR THOMAS CAMPBELL SENIOR APARTMENTS
REAL ESTATE · NY
Directly controlled by NA
-
POPE JOHN PAUL II SENIOR APARTMENTS LP
REAL ESTATE · NY
Directly controlled by NA
-
SR LUCIAN SENIOR APARTMENTS LP
REAL ESTATE · NY
Directly controlled by NA
-
ST BRENDAN'S SENIOR APARTMENTS LP
REAL ESTATE · NY
Directly controlled by NA
-
WILSON AVENUE LIMITED PARTNERSHIP
REAL ESTATE · NY
Directly controlled by NA
-
HOWARD BEACH APARTMENTS LLC
REAL ESTATE · NY
Directly controlled by NA
-
55 PIERREPONT LLC
REAL ESTATE · NY
Directly controlled by NA
-
LORETO PRESERVATION LLC
REAL ESTATE · NY
Directly controlled by NA
-
CARING SUPPORTED HOUSING LLC
REAL ESTATE · NY
Directly controlled by NA
-
LORETO II LLC
REAL ESTATE · NY
Directly controlled by NA
-
SHERIDAN II LLC
REAL ESTATE · NY
Directly controlled by NA
-
JOHN TYNAN SENIOR RESIDENCE LLC
REAL ESTATE · NY
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BEDFORD SAINT JOHN'S ASSOCIATES INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
BISHOP BOARDMAN APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
BISHOP FRANCIS J MUGAVERO APARTMENTS
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
HOLY SPIRIT APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
JEFFERSON MELROSE ASSOCIATES INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
MARY STAR OF THE SEA APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
MSGR EDWARD T BURKE APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
MSGR JOHN P O'BRIEN APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
MSGR THOMAS CAMPBELL APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
POPE JOHN PAUL II APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
SR LUCIAN APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
ST BRENDAN'S APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
TAAFFE KENT ASSOCIATES INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
WILLOUGHBY CLASSON APARTMENTS INC
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
HOWARD BEACH HOUSING CORPORATION
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
55 PIERREPONT APARTMENTS CORPORATION
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
OL LORETO HOUSING CORP
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
CARING SUPPORTED HSG MNG MBR CORPORATION
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
LORETO II MM CORPORATION
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
SHERIDAN II MM CORPORATION
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
VB CCPOPD HOUSING DEVELOPMENT FUND CORP
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
SHERIDAN II 25 CORPORATION
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
-
JOHN TYNAN SENIOR RESIDENCE MM CORP
C · REAL ESTATE · NY · share of income $0 · share of assets $0
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511019349301001
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