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Nonprofiteer
← ISS OF NEW YORK INC

Form 990 for tax year 2023

Filed by ISS OF NEW YORK INC.

Totals

Total revenue
$258,825
Total expenses
$87,399
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$258,825
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,756,493
Total liabilities, end of year
$1,418,565
Net assets or fund balances, end of year
$337,928
Program services expenses (Part IX)
$27,624
Management and general expenses
$59,775
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 31.6% 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: PROGRAM SERVICE REVENUE

    total $258,825 · related or exempt $258,825

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 13 · Office expenses

    total $28 · management and general $28

  • 20 · Interest

    total $57,247 · management and general $57,247

  • 22 · Depreciation, depletion and amortization

    total $27,624 · program services $27,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $305,733 · end of year $601,201

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

    $893,296

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

    $427,787

  • 10c · Land, buildings and equipment, net

    beginning of year $488,133 · end of year $465,509

  • 14 · Intangible assets

    beginning of year $65,000 · end of year $60,000

  • 15 · Other assets

    beginning of year $761,533 · end of year $629,783

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000 · end of year $7,500

  • 23 · Secured mortgages and notes payable

    beginning of year $1,442,722 · end of year $1,404,890

  • 25 · Other liabilities

    beginning of year $6,175 · end of year $6,175

  • 27 · Net assets without donor restrictions

    beginning of year $166,502 · end of year $337,928

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED AS A HOLDING COMPANY FOR IMMIGRANT SOCIAL SERVICES, INC. ("ISS"-ID-13-2689273).THE ORGANIZATION PURCHASED THE BUILDING THAT HOUSES ISS, AND OTHER THAN THE NORMAL PROPERTY COSTS OF OWNING THE BUILDING, THE ORGANIZATION IS INACTIVE. THE ORGANIZATION ACTS ONLY AS AN INVESTING AGENT FOR ISS (A 501(C)3 ORGANIZATION.

  • RENTAL

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

Listed in Part VII

  • Sherman Eng

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patrick So

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Calvin Chan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Francis Cheng

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Grace Law

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Chan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Nevins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531349349305423

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