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Nonprofiteer
← PATRICIA AND MARK JOSEPH SHELTER FOUNDATION INC

Form 990 for tax year 2023

Filed by PATRICIA AND MARK JOSEPH SHELTER FOUNDATION INC.

Totals

Total revenue
$4,298,469
Total expenses
$6,978,945
Contributions and grants received
$0
Grants paid
$4,550,380
Program service revenue
$3,122,270
Investment income
$1,154,185
Other revenue
$22,014
Total assets, end of year
$43,918,473
Total liabilities, end of year
$8,912,153
Net assets or fund balances, end of year
$35,006,320
Program services expenses (Part IX)
$6,517,377
Management and general expenses
$461,568
Fundraising expenses
$0
Program service expenses (Part III)
$6,517,377

Program services were 93.4% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $3,122,270 · related or exempt $3,122,270

  • 3 · Investment income

    total $973,368 · excluded $973,368

  • 7a · Gross sales of assets other than inventory

    securities $4,144,523

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

    securities $3,963,706

  • 7c · Gain or loss

    securities $180,817

  • 7d · Net gain or loss

    total $180,817 · excluded $180,817

  • 11a · Other revenue: OTHER INCOME

    total $22,014 · related or exempt $22,014

  • 11e · Other revenue, total

    $22,014

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,550,380 · program services $4,550,380

  • 5 · Compensation of officers, directors and key employees

    total $41,110 · program services $39,590 · management and general $1,520

  • 7 · Other salaries and wages

    total $333,230 · program services $320,910 · management and general $12,320

  • 9 · Other employee benefits

    total $98,252 · program services $98,252

  • 10 · Payroll taxes

    total $3,744 · program services $3,744

  • 11a · Fees: management

    total $213,532 · management and general $213,532

  • 11b · Fees: legal

    total $5,842 · management and general $5,842

  • 11c · Fees: accounting

    total $85,022 · management and general $85,022

  • 11f · Fees: investment management

    total $108,338 · management and general $108,338

  • 11g · Fees: other

    total $125,292 · program services $105,325 · management and general $19,967

  • 16 · Occupancy

    total $521,713 · program services $517,621 · management and general $4,092

  • 20 · Interest

    total $408,952 · program services $408,952

  • 22 · Depreciation, depletion and amortization

    total $297,818 · program services $297,818

  • 23 · Insurance

    total $9,783 · management and general $9,783

  • 24a · Other expenses: OPERATIONS & MAINTENANC

    total $162,147 · program services $162,147

  • 24b · Other expenses: AMORTIZATION

    total $12,638 · program services $12,638

  • 24c · Other expenses: BANK FEES

    total $1,152 · management and general $1,152

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000,182 · end of year $1,145,220

  • 2 · Savings and temporary cash investments

    beginning of year $1,211,608 · end of year $860,623

  • 4 · Accounts receivable

    beginning of year $140,883 · end of year $18,184

  • 7 · Other notes and loans receivable

    beginning of year $36,552 · end of year $34,392

  • 9 · Prepaid expenses and deferred charges

    beginning of year $199,806 · end of year $193,876

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

    $12,677,009

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

    $8,285,406

  • 10c · Land, buildings and equipment, net

    beginning of year $4,609,454 · end of year $4,391,603

  • 11 · Investments: publicly traded securities

    beginning of year $32,055,226 · end of year $31,308,751

  • 12 · Investments: other securities

    beginning of year $2,404,611 · end of year $5,255,085

  • 15 · Other assets

    beginning of year $735,902 · end of year $710,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,707 · end of year $108,927

  • 18 · Grants payable

    beginning of year $1,756,753 · end of year $2,357,911

  • 19 · Deferred revenue

    beginning of year $2,045 · end of year $24,236

  • 23 · Secured mortgages and notes payable

    beginning of year $6,630,569 · end of year $6,340,393

  • 25 · Other liabilities

    beginning of year $83,227 · end of year $80,686

  • 27 · Net assets without donor restrictions

    beginning of year $33,819,923 · end of year $35,006,320

Mission and programs · 2023

Mission

TO PROVIDE HOUSING, INCLUDING OWNING, INVESTING IN AND OPERATING RENTAL HOUSING PROJECTS AND ALL RELATED AMENITIES TO BENEFIT HOMELESS PERSONS, THE ELDERLY AND PERSONS OF LOW OR MODERATE INCOME; TO EDUCATE THE PUBLIC ABOUT HOUSING NEEDS; TO PROVIDE EDUCATION AND TRAINING IN HOUSING MANAGEMENT AND RELATED SERVICES; AND TO OPERATE PROGRAMS WHICH AID DISTRESSED URBAN AREAS.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LOW AND MODERATE INCOME AND TO MAKE GRANTS TO NONPROFIT ORGANIZATIONS AND AGENCIES THAT ADDRESS THE NEEDS OF CHILDREN, THE ELDERLY AND THE COMMUNITY.

  • TO PROVIDE HOUSING FOR THE BENEFIT OF THE ELDERLY LOW-INCOME, AND HOMELESS.

    Expenses $6,517,377 · Grants $4,550,380 · Revenue $3,144,284

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

Listed in Part VII

  • Patricia H Joseph

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jessica K Joseph

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cara S Weiman

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert C Embry Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Patricia P Baum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan D Eisner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shale D Stiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracey R Tizard

    ASSISTANT SECRETARY

    Total calculated
    $41,110
    From this org
    $41,110
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark K Joseph

    PRESIDENT/TREASURER

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202402649349301325

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

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