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← 101-105 SOUTH EIGHTH STREET APTS HOUSING DEVELOPMENT FUND CORP

Form 990 for tax year 2022

Filed by 101-105 SOUTH EIGHTH STREET APTS HOUSING DEVELOPMENT FUND CORP.

Totals

Total revenue
$348,445
Total expenses
$320,182
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$267,066
Investment income
$42,465
Other revenue
$38,914
Total assets, end of year
$4,453,080
Total liabilities, end of year
$2,637,753
Net assets or fund balances, end of year
$1,815,327
Program services expenses (Part IX)
$282,867
Management and general expenses
$37,315
Fundraising expenses
$0
Program service expenses (Part III)
$282,867

Program services were 88.3% 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 $267,066 · related or exempt $267,066

  • 3 · Investment income

    total $42,465 · unrelated business $0 · excluded $42,465

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: INSURANCE RECOVERY

    total $37,284 · excluded $37,284

  • 11b · Other revenue: LAUNDRY AND VENDING

    total $1,630 · excluded $1,630

  • 11e · Other revenue, total

    $38,914

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $18,436 · program services $18,436

  • 11b · Fees: legal

    total $6,895 · management and general $6,895

  • 11c · Fees: accounting

    total $15,800 · management and general $15,800

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $8,702 · program services $2,669 · management and general $6,033

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $101,579 · program services $101,579

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $17,222 · program services $17,222

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $47,378 · program services $47,378

  • 23 · Insurance

    total $43,232 · program services $43,232

  • 24a · Other expenses: PERSONNEL/FRINGE COM PAYMAST

    total $46,357 · program services $39,397 · management and general $6,960

  • 24b · Other expenses: ADMIN. RENT-FREE UNIT

    total $11,796 · program services $11,796

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $2,785 · program services $1,158 · management and general $1,627

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $358,965 · end of year $209,997

  • 2 · Savings and temporary cash investments

    beginning of year $2,924,508 · end of year $2,940,335

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $22,981 · end of year $47,862

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,166 · end of year $8,555

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

    $2,088,033

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

    $859,240

  • 10c · Land, buildings and equipment, net

    beginning of year $956,637 · end of year $1,228,793

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $148,818 · end of year $17,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,923 · end of year $23,717

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,638 · end of year $2,321

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,719,332 · end of year $1,729,782

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $902,118 · end of year $881,933

  • 27 · Net assets without donor restrictions

    beginning of year $1,787,064 · end of year $1,815,327

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Listed in Part VII

  • MARY HURSON

    VICE PRESIDENT

    Total calculated
    $208,375
    From this org
    $0
    From related orgs
    $187,425
    Other
    $20,950
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,310 related
    Bonus
    $0
    Other
    $0 + $4,115 related
    Deferred
    $0 + $7,658 related
    Nontaxable benefits
    $0 + $13,292 related
    Filer's total
    $0 + $208,375 related

  • JEANNE M DIULIO

    PRESIDENT

    Total calculated
    $207,150
    From this org
    $0
    From related orgs
    $186,611
    Other
    $20,539
    Hours/week
    0.2 + 34.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,611 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,900 related
    Nontaxable benefits
    $0 + $12,639 related
    Filer's total
    $0 + $207,150 related

  • DESIREE A JACKSON-FRYSON

    SECRETARY

    Total calculated
    $206,833
    From this org
    $0
    From related orgs
    $162,078
    Other
    $44,755
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,078 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,434 related
    Nontaxable benefits
    $0 + $41,321 related
    Filer's total
    $0 + $206,833 related

  • MARTIN SUSSMAN

    TREASURER

    Total calculated
    $192,630
    From this org
    $0
    From related orgs
    $148,586
    Other
    $44,044
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,586 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,600 related
    Nontaxable benefits
    $0 + $39,444 related
    Filer's total
    $0 + $192,630 related

  • SAMIRA ALIEVA

    DIRECTOR

    Total calculated
    $191,738
    From this org
    $0
    From related orgs
    $160,374
    Other
    $31,364
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,374 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,998 related
    Nontaxable benefits
    $0 + $25,366 related
    Filer's total
    $0 + $191,738 related

  • Desiree M Barberio

    Director

    Total calculated
    $183,894
    From this org
    $0
    From related orgs
    $166,549
    Other
    $17,345
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,549 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,700 related
    Nontaxable benefits
    $0 + $12,645 related
    Filer's total
    $0 + $183,894 related

  • RICHARD SLIZESKI

    DIRECTOR

    Total calculated
    $169,079
    From this org
    $0
    From related orgs
    $149,957
    Other
    $19,122
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,072 related
    Bonus
    $0
    Other
    $0 + $1,885 related
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $13,122 related
    Filer's total
    $0 + $169,079 related

  • VERY REV PATRICK KEATING

    Deputy CEO/CFO

    Total calculated
    $46,500
    From this org
    $0
    From related orgs
    $45,000
    Other
    $1,500
    Hours/week
    0.2 + 34.8 related

  • REV MSGR ALFRED P LOPINTO

    CEO

    Total calculated
    $43,500
    From this org
    $0
    From related orgs
    $37,000
    Other
    $6,500
    Hours/week
    0.2 + 34.8 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)

SCHEDULE J, PART I, LINE 3:
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHO USED ONE OR MORE OF THESE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
SCHEDULE J, PART II:
FOR INDIVIDUALS LISTED ON PART II, INCLUDED IN COLUMN B(III) IS TAXABLE AUTO ALLOWANCE IN ADDITION TO GROUP TERM LIFE INSURANCE.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202411179349300131

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