Form 990 for tax year 2025
Filed by OUR MOTHER OF GOOD COUNSEL HOUSING DEVELOPEMENT FUND CO INC.
Totals
- Total revenue
- $435,298
- Total expenses
- $405,500
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $431,714
- Investment income
- $1,369
- Other revenue
- $2,215
- Total assets, end of year
- $1,372,715
- Total liabilities, end of year
- $1,857,606
- Net assets or fund balances, end of year
- -$484,891
- Program services expenses (Part IX)
- $303,273
- Management and general expenses
- $102,227
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $303,273
Program services were 74.8% 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.
-
2a · Program service revenue: TENANT ASSISTANCE PAYM
total $258,612 · related or exempt $258,612
-
2b · Program service revenue: RENTAL INCOME
total $173,102 · related or exempt $173,102
-
3 · Investment income
total $1,369 · excluded $1,369
-
11a · Other revenue: LAUNDRY & VENDING REVE
total $1,957 · excluded $1,957
-
11b · Other revenue: TENANT CHARGES
total $258 · excluded $258
-
11e · Other revenue, total
$2,215
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $55,314 · program services $29,854 · management and general $25,460
-
9 · Other employee benefits
total $7,270 · program services $3,924 · management and general $3,346
-
10 · Payroll taxes
total $4,630 · program services $2,499 · management and general $2,131
-
11a · Fees: management
total $23,472 · management and general $23,472
-
11b · Fees: legal
total $2,202 · management and general $2,202
-
11c · Fees: accounting
total $1,568 · management and general $1,568
-
11g · Fees: other
total $62,396 · program services $54,346 · management and general $8,050
-
12 · Advertising and promotion
total $23 · management and general $23
-
13 · Office expenses
total $18,286 · management and general $18,286
-
16 · Occupancy
total $26,665 · program services $26,665
-
20 · Interest
total $61,042 · program services $61,042
-
22 · Depreciation, depletion and amortization
total $57,640 · program services $57,640
-
23 · Insurance
total $22,590 · program services $22,590
-
24a · Other expenses: SUPPLIES
total $19,243 · program services $19,243
-
24b · Other expenses: ADMINISTRATIVE RENT-FRE
total $11,259 · management and general $11,259
-
24c · Other expenses: REAL ESTATE TAXES
total $7,849 · program services $7,849
-
24d · Other expenses: GARBAGE & TRASH REMOVAL
total $7,706 · program services $7,706
-
24e · All other expenses
total $16,345 · program services $9,915 · management and general $6,430
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $79,408 · end of year $45,598
-
4 · Accounts receivable
beginning of year $1,778 · end of year $5,430
-
9 · Prepaid expenses and deferred charges
beginning of year $13,438 · end of year $16,753
-
10a · Land, buildings and equipment: cost or other basis
$2,660,144
-
10b · Land, buildings and equipment: accumulated depreciation
$1,878,775
-
10c · Land, buildings and equipment, net
beginning of year $839,009 · end of year $781,369
-
15 · Other assets
beginning of year $467,721 · end of year $523,565
-
17 · Accounts payable and accrued expenses
beginning of year $26,341 · end of year $11,826
-
23 · Secured mortgages and notes payable
beginning of year $1,876,420 · end of year $1,832,587
-
25 · Other liabilities
beginning of year $13,282 · end of year $13,193
-
27 · Net assets without donor restrictions
beginning of year -$514,689 · end of year -$484,891
Mission and programs · 2025
Mission
TO PROVIDE LOW-INCOME HOUSING
Activities or mission (Part I)
TO PROVIDE LOW-INCOME HOUSING.
-
TO PROVIDE ELDERLY, HANDICAPPED, AND PERSONS OF LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
Expenses $303,273 · Revenue $431,714
As filed on the 2025 return.
Listed in Part VII
-
Deacon Steve SchumerDEACON STEVE SCHUMER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Rev Peter KaralusREV PETER KARALUS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Albert GressALBERT GRESS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa PotzlerMELISSA POTZLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Most Rev Michael W FisherMOST REV MICHAEL W FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sr Mary McCarrick OsfSR MARY MCCARRICK OSF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert GoodsROBERT GOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Reverend Adolph KowalczykREVEREND ADOLPH KOWALCZYK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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.
-
501(C)(3) · CHARITABLE ASSISTANCE TO THE PUBLIC · NY
-
501(C)(3) · MANAGEMENT OF LOW-INCOME HOUSING · NY
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 19 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202600809349300800
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