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← NEW OPPORTUNITIES COMMUNITY HOUSING DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by NEW OPPORTUNITIES COMMUNITY HOUSING DEVELOPMENT CORP.

Totals

Total revenue
$29,422
Total expenses
$106,202
Contributions and grants received
$16,471
Grants paid
$0
Program service revenue
$9,450
Investment income
$3,501
Other revenue
$0
Total assets, end of year
$1,030,077
Total liabilities, end of year
$850,729
Net assets or fund balances, end of year
$179,348
Program services expenses (Part IX)
$87,319
Management and general expenses
$18,883
Fundraising expenses
$0
Program service expenses (Part III)
$87,319

Program services were 82.2% 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)

    $16,471

  • 2a · Program service revenue: DEVELOPER FEES

    total $9,450 · related or exempt $9,450

  • 3 · Investment income

    total $3,501 · excluded $3,501

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,979 · management and general $4,979

  • 11c · Fees: accounting

    total $13,904 · management and general $13,904

  • 12 · Advertising and promotion

    total $2,523 · program services $2,523

  • 23 · Insurance

    total $60,082 · program services $60,082

  • 24a · Other expenses: CONSULTING

    total $9,450 · program services $9,450

  • 24b · Other expenses: REAL ESTATE TAXES

    total $6,679 · program services $6,679

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $6,653 · program services $6,653

  • 24d · Other expenses: UTILITIES

    total $1,932 · program services $1,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,306 · end of year $16,102

  • 4 · Accounts receivable

    beginning of year $35,270 · end of year $36,597

  • 7 · Other notes and loans receivable

    beginning of year $350,000 · end of year $350,000

  • 15 · Other assets

    beginning of year $773,002 · end of year $627,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,289 · end of year $223,192

  • 23 · Secured mortgages and notes payable

    beginning of year $773,161 · end of year $627,537

  • 27 · Net assets without donor restrictions

    beginning of year $256,128 · end of year $179,348

Mission and programs · 2022

Mission

TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS OF WNY.

  • PROVIDED FOR THE ACQUISITION AND REHABILITATION OR CONSTRUCTION OF SINGLE-FAMILY HOMES IN ORDER TO ESTABLISH HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS.

    Expenses $87,319 · Revenue $9,450

As filed on the 2022 return.

Listed in Part VII

  • Aaron Hejmowski

    BOARD MEMBER/TREASURER

    Total calculated
    $161,299
    From this org
    $0
    From related orgs
    $138,293
    Other
    $23,006
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,274 related
    Nontaxable benefits
    $0 + $15,732 related
    Filer's total
    $0 + $161,299 related

  • Pamela Berger

    BOARD MEMBER/SECRETARY

    Total calculated
    $140,324
    From this org
    $0
    From related orgs
    $127,848
    Other
    $12,476
    Hours/week
    0.5 + 34.5 related

  • Michael D Riegel

    BOARD MEMBER/PRESIDENT

    Total calculated
    $214,003
    From this org
    $0
    From related orgs
    $191,328
    Other
    $22,675
    Hours/week
    0.5 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,328 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,943 related
    Nontaxable benefits
    $0 + $15,732 related
    Filer's total
    $0 + $214,003 related

  • Alice Lanier

    BOARD MEMBER/2ND VICE PR

    Total calculated
    $51,710
    From this org
    $0
    From related orgs
    $42,396
    Other
    $9,314
    Hours/week
    0.5 + 34.5 related

  • Brad A Packard

    BOARD MEMBER/1ST VICE PR

    Total calculated
    $156,928
    From this org
    $0
    From related orgs
    $149,427
    Other
    $7,501
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,427 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,501 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,928 related

  • Judith Scott

    BOARD MEMBER

    Total calculated
    $98,163
    From this org
    $0
    From related orgs
    $87,069
    Other
    $11,094
    Hours/week
    0.5 + 34.5 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)

PART I, LINE 3
ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.

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.

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.

  • CAMBRIA COMMONS LIMITED PARTNERSHIP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • LANCASTER LIMITED PARTNERSHIP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • COLONY RUN TOWNHOUSES LP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • WOODLAND PLACE APARTMENTS LP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • SOUTHWIND LANDING APARTMENTS LP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • EAST SIDE HOUSING LP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • SHAWNEE LANDING TOWNHOUSES LP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • ARTSPACE AFFORDABLE HOUSING

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • TRUE BETHEL TOWNHOMES MM LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • TRUE BETHEL TOWNHOMES LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • BELMONT ARTSPACE LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • BELLAMY COMMONS

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • ELIM TOWNHOMES MM LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • ELIM TOWNHOMES LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • ALBERTA PLACE LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • ALBERTA PLACE MM LLC

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

Related corporations and trusts

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

  • ATTICA COLONY INC

    C · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

  • WOODLAND GENERAL INC

    C · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

Provenance

Return type
form_990
Tax year
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202410459349300501

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