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Nonprofiteer
← H E L P DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by H E L P DEVELOPMENT CORP.

Totals

Total revenue
$7,686,833
Total expenses
$1,571,139
Contributions and grants received
$634,720
Grants paid
$0
Program service revenue
$7,247,974
Investment income
$256,886
Other revenue
-$452,747
Total assets, end of year
$47,965,719
Total liabilities, end of year
$11,762,355
Net assets or fund balances, end of year
$36,203,364
Program services expenses (Part IX)
$1,333,101
Management and general expenses
$238,038
Fundraising expenses
$0
Program service expenses (Part III)
$1,333,101

Program services were 84.8% 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)

    $492,720

  • 1f · All other contributions, gifts and grants

    $142,000

  • 2a · Program service revenue: DEVELOPMENT FEE

    total $7,867,817 · related or exempt $7,867,817

  • 2b · Program service revenue: REALIZED LOSS ON INVESTMENTS

    total -$619,843 · related or exempt -$619,843

  • 3 · Investment income

    total $256,886 · excluded $256,886

  • 6a · Gross rents

    real property $773,045

  • 6b · Less rental expenses

    real property $1,247,600

  • 6c · Rental income or loss

    real property -$474,555

  • 6d · Net rental income or loss

    total -$474,555 · excluded -$474,555

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $21,808 · excluded $21,808

  • 11e · Other revenue, total

    $21,808

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $18,933 · program services $18,933

  • 7 · Other salaries and wages

    total $886,652 · program services $886,652

  • 8 · Pension plan contributions

    total $31,754 · program services $31,754

  • 9 · Other employee benefits

    total $106,200 · program services $106,200

  • 10 · Payroll taxes

    total $53,256 · program services $53,256

  • 11a · Fees: management

    total $91,633 · program services $91,633

  • 11b · Fees: legal

    total $149,554 · management and general $149,554

  • 11c · Fees: accounting

    total $88,484 · management and general $88,484

  • 13 · Office expenses

    total $75,321 · program services $75,321

  • 14 · Information technology

    total $5,097 · program services $5,097

  • 16 · Occupancy

    total $1,674 · program services $1,674

  • 17 · Travel

    total $18,439 · program services $18,439

  • 20 · Interest

    total $21,359 · program services $21,359

  • 22 · Depreciation, depletion and amortization

    total $10,589 · program services $10,589

  • 23 · Insurance

    total $12,194 · program services $12,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,324,188 · end of year $5,516,771

  • 4 · Accounts receivable

    beginning of year $2,293,934 · end of year $86,596

  • 7 · Other notes and loans receivable

    beginning of year $10,895,339 · end of year $10,730,258

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,226 · end of year $50,050

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

    $9,172,108

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

    $1,026,926

  • 10c · Land, buildings and equipment, net

    beginning of year $48,948,017 · end of year $8,145,182

  • 12 · Investments: other securities

    beginning of year $4,065,842 · end of year $5,472,784

  • 15 · Other assets

    beginning of year $3,762,005 · end of year $17,964,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,911,618 · end of year $342,038

  • 19 · Deferred revenue

    beginning of year $8,611,319 · end of year $12,618

  • 21 · Escrow or custodial account liability

    end of year $12,393

  • 23 · Secured mortgages and notes payable

    beginning of year $26,335,113 · end of year $4,417,599

  • 25 · Other liabilities

    beginning of year $5,637,702 · end of year $6,977,707

  • 27 · Net assets without donor restrictions

    beginning of year $18,834,799 · end of year $36,203,364

Mission and programs · 2022

Mission

HELP DEVELOPMENT CORP. BELIEVES THAT ALL PEOPLE DESERVE A SAFE, AFFORDABLE, STABLE PLACE TO LIVE, AND THAT DEVELOPING AND MANAGING LOW-INCOME AND SUPPORTIVE HOUSING IS THE BEST WAY TO ACHIEVE THAT GOAL.

Activities or mission (Part I)

DEVELOPS LOW INCOME HOUSING FOR LOW INCOME AND FORMERLY HOMELESS FAMILIES AND INDIVIDUALS.

  • HELP DEVELOPMENT CORP. (HDC) IS FOCUSED ON DEVELOPING AND MANAGING AFFORDABLE AND SUPPORTIVE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES.

    Expenses $1,333,101 · Revenue $7,247,974

As filed on the 2022 return.

Listed in Part VII

  • Richard Sirota

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Sachs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Cleghorn

    PRESIDENT

    Total calculated
    $424,329
    From this org
    $18,933
    From related orgs
    $335,152
    Other
    $70,244
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $18,933 + $305,000 related
    Bonus
    $0
    Other
    $0 + $30,152 related
    Deferred
    $981 + $13,656 related
    Nontaxable benefits
    $0 + $55,607 related
    Filer's total
    $19,914 + $404,415 related

  • Louis Hunter

    VICE PRESIDENT, PERMANENT HOUSING FACILITIES & CON

    Total calculated
    $194,168
    From this org
    $0
    From related orgs
    $153,615
    Other
    $40,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,615 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,681 related
    Nontaxable benefits
    $0 + $32,872 related
    Filer's total
    $0 + $194,168 related

  • Christopher Moscicki

    ASSOCIATE VICE PRESIDENT OF LEASING AND COMPLIANCE

    Total calculated
    $141,373
    From this org
    $0
    From related orgs
    $114,097
    Other
    $27,276
    Hours/week
    1 + 39 related

  • Ava Wu

    FINANCE DIRECTOR

    Total calculated
    $125,766
    From this org
    $0
    From related orgs
    $108,457
    Other
    $17,309
    Hours/week
    5 + 35 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

  • 4b · Supplemental nonqualified retirement plan
  • 5b · Pay contingent on a related organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this 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 3
EXPLANATION: HELP USA, INC., A RELATED ORGANIZATION, HAS A COMPENSATION COMMITTEE WHICH IS USED TO DETERMINE THE SALARIES OF ITS EMPLOYEES. THE COMPENSATION COMMITTEE REVIEWS AND RECOMMENDS TO THE FULL BOARD FOR APPROVAL THE COMPENSATION INCLUDING BASE SALARY AND OTHER SIGNIFICANT TERMS OF EMPLOYEMENT OF THE PRESIDENT AND CEO, VICE PRESIDENT, AND SENIOR MANAGEMENT. THE COMMITTEE HAS SOLE AUTHORITY TO RETAIN AND TERMINATE OUTSIDE COUNSEL, AND RETAIN COMPENSATION CONSULTANTS TO ASSIST THE COMMITTEE IN DETERMINING THE COMPENSATION OF THE PRESIDENT AND CEO OR SENIOR EXECUTIVE OFFICES, AS IT DEEMS APPROPRIATE.
PART I, LINE 4B
DAVID CLEGHORN - 30,152

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.

  • HELP HOUSES DEVELOPMENT CORPORATION

    501(C)(3) · LOW INCOME HOUSING · NY

    Directly controlled by HELP USA INC

  • MENTORING USA INC

    501(C)(3) · MENTORING YOUTH · NY

    Directly controlled by HELP USA INC

  • BRITEWAY INC

    501(C)(3) · COMPUTER SERVICES AND INFORMATION TECHNOLOGY · NY

    Directly controlled by HELP USA INC

  • THE HELP USA FUND INC

    501(C)(3) · FUNDRAISING · NY

  • HELP USA INC

    501(C)(3) · CHARITABLE PURPOSE BENEFITTING RELATED ORGANIZATIONS · NY

    Directly controlled by CSC HUMAN SERVICE INC

  • HELP USA INC & AFFILIATES

    501(C)(3) · PROVIDING TRANSITIONAL HOUSING AND SUPPORTIVE SERVICES TO LOW INCOME · NY

    Directly controlled by HELP USA INC

  • STREET SOCCER USA INC

    501(C)(3) · SPORT OF SOCCER ADVOCACY IN ORDER TO ERADICATE HOMELESSNESS & POVERTY · NY

    Directly controlled by HELP USA 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UNION AVENUE APARTMENTS

    PARTNER OWNER AFFORDABLE HOUSING · NY · income -$29,295 · assets $2,967,589

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP LIVONIA II CS LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY · income -$245,262 · assets $2,737,253

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP ROC I LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY · income $0 · assets $2,977,955

    Directly controlled by HELP DEVELOPMENT CORP

  • GENESIS MORRIS-CROTONA LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY · income $0 · assets $0

    Directly controlled by HELP DEVELOPMENT CORP

  • GENESIS ACQUISITION LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY · income $0 · assets $0

    Directly controlled by HELP DEVELOPMENT CORP

  • GENESIS RFK LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY · income -$122,950 · assets $0

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP DUMONT ADMINISTRATIVE UNIT LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY · income -$98,009 · assets $244,974

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP HINSDALE C LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP HINSDALE C MANAGING MEMBER LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PA I AND II LP

    PARTNER OWNER AFFORDABLE HOUSING · NY

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PERRY POINT PHASE II LP

    PARTNER OWNER AFFORDABLE HOUSING · NY

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PERRY POINT PHASE II MM LLC

    PARTNER OWNER AFFORDABLE HOUSING · NY

    Directly controlled by HELP DEVELOPMENT CORP

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 13TH STREET ASSOCIATES

    RELATED · LOW INCOME HOUSING · NY · 49.5% owned · share of income -$245,901 · share of assets $4,685,551

    Directly controlled by GENESIS RFK LLC (SMLLC OF HDC)

  • BROADWAY GENESIS URBAN RENEWAL APARTMENTS LP

    LOW INCOME HOUSING · NY

  • DIXWELL HOUSING ASSOCIATES LLC

    LOW INCOME HOUSING · NY

  • GENESIS NEIGHBORHOOD PLAZA II LP

    RELATED · LOW INCOME HOUSING · NY · 0.05% owned · share of income -$310,088 · share of assets $1,029

    Directly controlled by HELP DEVELOPMENT CORP

  • GENESIS NEIGHBORHOOD PLAZA LP

    RELATED · LOW INCOME HOUSING · NY · 99.98% owned · share of income -$47,640 · share of assets $1,918,096

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PHILADELPHIA I ASSOC LP

    RELATED · LOW INCOME HOUSING · NY · 99.99% owned · share of income -$66,168 · share of assets $2,463,772

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PHILADELPHIA II ASSOCIATES LP

    RELATED · LOW INCOME HOUSING · NY · 99.99% owned · share of income -$348,125 · share of assets $3,046,608

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP - BRONX LP

    LOW INCOME HOUSING · NY

  • HELP BUFFALO II LLC

    LOW INCOME HOUSING · NY

  • HELP CMC MANAGING MEMBER LLC

    LOW INCOME HOUSING · NY

  • HELP CROTONA PARK LLC

    LOW INCOME HOUSING · NY

  • HELP CROTONA PARK MANAGING MEMBER LLC

    LOW INCOME HOUSING · NY

  • HELP DUMONT LLC

    LOW INCOME HOUSING · NY

  • HELP GENESIS CLINTON AVENUE URBAN RENEWAL LP

    LOW INCOME HOUSING · NY

  • HELP HINSDALE B LLC

    LOW INCOME HOUSING · NY

  • HELP LAS VEGAS HOUSING ASSOCIATES II LP

    RELATED · LOW INCOME HOUSING · NY · 99.99% owned · share of income -$206,974 · share of assets $3,859,110

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP LAS VEGAS HOUSING ASSOCIATES LP

    RELATED · LOW INCOME HOUSING · NY · 99.99% owned · share of income -$258,777 · share of assets $3,087,180

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP LIVONIA II LLC

    LOW INCOME HOUSING · NY

  • HELP NEW JERSEY DEVELOPMENT CO LLC

    LOW INCOME HOUSING · NY

  • HELP OWENS ASSOCIATES LP

    LOW INCOME HOUSING · NY

  • HELP PA AFFORDABLE HOUSING I LP

    LOW INCOME HOUSING · NY

  • HELP PA IV LP

    LOW INCOME HOUSING · NY

  • HELP PA V LP

    LOW INCOME HOUSING · NY

  • HELP PA VI LP

    LOW INCOME HOUSING · NY

  • HELP PARK PLACE LLC

    LOW INCOME HOUSING · NY

  • HELP PERRY POINT LP

    LOW INCOME HOUSING · NY

  • HELP SUTTER A LLC

    LOW INCOME HOUSING · NY

  • HELP WASHINGTON DC LP

    LOW INCOME HOUSING · NY

  • HELP WOODYCREST LLC

    LOW INCOME HOUSING · NY

  • HOME SIMPSON LLC

    LOW INCOME HOUSING · NY

  • HOME SIMPSON MANAGING MEMBER LLC

    LOW INCOME HOUSING · NY

  • NEWARK GENESIS APARTMENTS LP

    LOW INCOME HOUSING · NY

  • WOODYCREST DEVELOPER LLC

    RELATED · LOW INCOME HOUSING · NY · 73% owned · share of income -$1,792 · share of assets -$1

    Directly controlled by HELP DEVELOPMENT CORP

Related corporations and trusts

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

  • BONANZA MCKNIGHT INC

    C · LOW INCOME HOUSING · NY

  • DUMONT INC

    C · LOW INCOME HOUSING · NY

  • GENESIS GP INC

    C · LOW INCOME HOUSING · NY

  • GENESIS NEIGHBORHOOD PLAZA II APTS INC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $2,727,390

    Directly controlled by HELP DEVELOPMENT CORP

  • GENESIS NEIGHBORHOOD PLAZA II HOUSING DEVELOPMENT FUND COMPA

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • GENESIS NEIGHBORHOOD PLAZA INC

    C · LOW INCOME HOUSING · NY

  • HELP - GENESIS AT 13TH INC

    C · LOW INCOME HOUSING · NY

  • HELP - MORRIS CROTONA INC

    C · LOW INCOME HOUSING · NY

  • HELP PHILADELPHIA GROUP I INC

    C · LOW INCOME HOUSING · NY · 100% owned · share of income $14,028 · share of assets $583,366

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP BROADWAY GENESIS LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $323,520

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP BUFFALO II HOUSING DEVELOPMENT FUND CORPORATION

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP BUFFALO MM LLC

    C · LOW INCOME HOUSING · NY

  • HELP CARLISLE VETERANS LLC

    C · LOW INCOME HOUSING · NY

  • HELP CLINTON AVENUE INC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $359,440

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP CROTONA DEVELOPMENT LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $2,060,977

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP CROTONA PARK HOUSING DEVELOPMENT FUND CORPORATION

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP DIXWELL LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $61,304

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP HINSDALE B HOUSING DEVELOPMENT FUND CORPORATION

    C · LOW INCOME HOUSING · NY · 100% owned · share of income $2,780

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP HINSDALE B MANAGING MEMBER LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $77,112

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP HOME SIMPSON LLC

    C · LOW INCOME HOUSING · NY · 63% owned · share of assets $2,133,758

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP LIVONIA II HOUSING DEV FUND CORP

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP LIVONIA II MANAGING MEMBER LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $949,467

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP MONTGOMERY LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $520

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP OWENS II INC

    C · LOW INCOME HOUSING · NY

  • HELP OWENS INC

    C · LOW INCOME HOUSING · NY

  • HELP PA AFFORDABLE HOUSING GP IV LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of income $1 · share of assets $346,402

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PA AFFORDABLE HOUSING INC

    C · LOW INCOME HOUSING · NY

  • HELP PA GP V LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of income $40 · share of assets $2,061,487

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PA GP VI LLC

    C · LOW INCOME HOUSING · NY

  • HELP PARK PLACE HOUSING DEVELOPMENT CORPORATION

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PARK PLACE MM LLC

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PERRY POINT MM LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $3,736,222

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP ROC I HOUSING DEVELOPMENT CORPORATION

    C · LOW INCOME HOUSING · NY · 2% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP ROC I MM LLC

    C · LOW INCOME HOUSING · NY · 51% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP SUTTER A HOUSING DEVELOPMENT CORP

    C · LOW INCOME HOUSING · NY · 100% owned · share of income $493

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP SUTTER A MANAGING MEMBER LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of income $626

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP WASHINGTON DC MM LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $4,008,553

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP WOODYCREST HOUSING DEVELOPMENT FUND CORPORATION

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $170,367

    Directly controlled by HELP DEVELOPMENT CORP

  • HOME SIMPSON HDFC

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by HELP DEVELOPMENT CORP

  • MANAGER DUMONT LLC

    C · LOW INCOME HOUSING · NY · 100% owned · share of assets $834,997

    Directly controlled by HELP DEVELOPMENT CORP

  • HELP PA I AND PA II GP LLC

    C · LOW INCOME HOUSING · NY

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349306972

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