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← PROJECT HOSPITALITY 385 HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by PROJECT HOSPITALITY 385 HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,519,117
Total expenses
$1,476,390
Contributions and grants received
$1,518,361
Grants paid
$0
Program services expenses (Part IX)
$1,356,007
Management and general expenses
$120,383
Fundraising expenses
$0
Program service expenses (Part III)
$1,356,007

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • AURELIA CURTIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JANET H JONES

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • PETER TESORIERO

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • TIMOTHY C HARRISON ESQ

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JO M REYES

    CFO (END 07/16/2023)

    Total calculated
    $132,724
    From this org
    $0
    From related orgs
    $128,569
    Other
    $4,155
    Hours/week
    1 + 34 related

  • LUIS PICO

    CFO (START 11/01/2023)

    Total calculated
    $27,232
    From this org
    $0
    From related orgs
    $27,232
    Other
    $0
    Hours/week
    1 + 34 related

  • TERRY TROIA

    CEO

    Total calculated
    $174,957
    From this org
    $0
    From related orgs
    $170,897
    Other
    $4,060
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,897 related
    Bonus
    $0
    Other
    $0 + $24,000 related
    Deferred
    $0 + $4,060 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $174,957 related

  • AYO ODEYALE

    DEPUTY CHIEF PROGRAM DIRECTOR

    Total calculated
    $176,942
    From this org
    $9,913
    From related orgs
    $163,958
    Other
    $3,071
    Hours/week
    3 + 32 related

    Schedule J breakdown matched by us

    Base
    $9,913 + $163,958 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,071 related
    Nontaxable benefits
    $0
    Filer's total
    $9,913 + $167,029 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 — 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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant

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 1a Housing allowance or residence for personal use
THE CHIEF EXECUTIVE OFFICER RECEIVED A HOUSING ALLOWANCE VALUED AT $24,000 DURING CALENDAR YEAR 2023. THE AMOUNT IS INCLUDED ON FORM 990, PART VII, SECTION A, COLUMN (E).

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.

  • PROJECT HOSPITALITY INC

    501(c)(3) · TO PROVIDE COUNSELING, FOOD, AND SHELTER TO HOMELESS INDIVIDUALS · NY

    Directly controlled by NA

  • NEW VISION HDFC

    501(c)(2) · TO PROVIDE COUNSELING, FOOD, AND SHELTER TO HOMELESS INDIVIDUALS · NY

    Directly controlled by PROJECT HOSPITALITY INC

  • PROJECT HOSPITALITY INC

    501(c)(4) · TO PROVIDE COUNSELING, FOOD, AND SHELTER TO HOMELESS INDIVIDUALS · NY

    Directly controlled by PROJECT HOSPITALITY INC

  • CASTLETON HDFC

    501(c)(4) · TO PROVIDE COUNSELING, FOOD, AND SHELTER TO HOMELESS INDIVIDUALS · NY

    Directly controlled by PROJECT HOSPITALITY INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349308393

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