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Nonprofiteer
← THE J JEROME REDDY FOUNDATION INC

Form 990 for tax year 2022

Filed by THE J JEROME REDDY FOUNDATION INC.

Totals

Total revenue
$4,794,921
Total expenses
$4,968,769
Contributions and grants received
$0
Grants paid
$4,908,997
Program service revenue
$0
Investment income
$4,703,379
Other revenue
$91,542
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $379 · related or exempt $0 · unrelated business $0 · excluded $379

  • 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

  • 7a · Gross sales of assets other than inventory

    other assets $4,800,000

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

    other assets $97,000

  • 7c · Gain or loss

    other assets $4,703,000

  • 7d · Net gain or loss

    total $4,703,000 · excluded $4,703,000

  • 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: WRITE-OFF OF LIABILITY

    total $91,542 · excluded $91,542

  • 11e · Other revenue, total

    $91,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,908,997

  • 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 $0

  • 11b · Fees: legal

    total $20,000

  • 11c · Fees: accounting

    total $0

  • 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 $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $8,497

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PURCHASE OF SERVICE

    total $31,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,249 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $28,229 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $50,000 · end of year $0

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,088 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $91,542 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $173,848 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE J. JEROME REDDY FOUNDATION, INC. ASSISTS CATHOLIC CHARITIES DIOCESE OF BROOKLYN IN THE FULFILLMENT OF ITS MISSION TO THE POOR, DEPENDENT, HANDICAPPED, AGED, FAMILIES, AND CHILDREN IN BROOKLYN AND QUEENS BY LEASING PROPERTY TO SENIOR CITIZEN CENTERS FOR VARIOUS SOCIAL ACTIVITIES INCLUDING MEAL PROGRAMS.

Activities or mission (Part I)

TO ASSIST CATHOLIC CHARITIES DIOCESE OF BROOKLYN IN ITS MISSION BY LEASING PROPERTY TO SENIOR CITIZENS FOR VARIOUS SOCIAL ACTIVITIES.

  • LEASING OF FACILITIES TO NON-PROFIT ORGANIZATIONS IN THE DIOCESE OF BROOKLYN UNTIL AUGUST 2022 WHEN THE BUILDING OWNED BY THE ORGANIZATION WAS SOLD.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emmie Glynn Ryan

    SECRETARY

    Total calculated
    $346,005
    From this org
    $0
    From related orgs
    $310,469
    Other
    $35,536
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,330 related
    Bonus
    $0
    Other
    $0 + $2,139 related
    Deferred
    $0 + $11,490 related
    Nontaxable benefits
    $0 + $24,046 related
    Filer's total
    $0 + $346,005 related

  • Lawrence Jockel

    TREASURER

    Total calculated
    $183,029
    From this org
    $0
    From related orgs
    $143,779
    Other
    $39,250
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,779 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,380 related
    Nontaxable benefits
    $0 + $35,870 related
    Filer's total
    $0 + $183,029 related

  • Very Rev Patrick J Keating

    VICE PRESIDENT/Deputy CEO/CFO

    Total calculated
    $46,500
    From this org
    $0
    From related orgs
    $45,000
    Other
    $1,500
    Hours/week
    0.1 + 34.9 related

  • Rev Msgr Alfred Lopinto

    PRESIDENT/CEO

    Total calculated
    $43,500
    From this org
    $0
    From related orgs
    $37,000
    Other
    $6,500
    Hours/week
    0.1 + 34.9 related

  • John Tynan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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. 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
OFFICER COMPENSATION IS PAID BY A RELATED 501(C)(3)ORGANIZATION.

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

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.

  • 715 ST JOHN'S PLACE LP

    REAL ESTATE · NY

    Directly controlled by NA

  • 918 KENT AVENUE LP

    REAL ESTATE · NY

    Directly controlled by NA

  • BISHOP BOARDMAN SENIOR APARTMENTS INC

    REAL ESTATE · NY

    Directly controlled by NA

  • BISHOP FRANCIS J MUGAVERO SR APARTMENTS

    REAL ESTATE · NY

    Directly controlled by NA

  • CLASSON AVENUE LTD PARTNERSHIP

    REAL ESTATE · NY

    Directly controlled by NA

  • HOLY SPIRIT SENIOR APARTMENTS LP

    REAL ESTATE · NY

    Directly controlled by NA

  • MARY STAR OF THE SEA SENIOR APARTMENTS

    REAL ESTATE · NY

    Directly controlled by NA

  • MSGR EDWARD T BURKE SENIOR APARTMENTS

    REAL ESTATE · NY

    Directly controlled by NA

  • MSGR JOHN O'BRIEN SENIOR APARTMENTS LP

    REAL ESTATE · NY

    Directly controlled by NA

  • MSGR THOMAS CAMPBELL SENIOR APARTMENTS

    REAL ESTATE · NY

    Directly controlled by NA

  • POPE JOHN PAUL II SENIOR APARTMENTS LP

    REAL ESTATE · NY

    Directly controlled by NA

  • SR LUCIAN SENIOR APARTMENTS LP

    REAL ESTATE · NY

    Directly controlled by NA

  • ST BRENDAN'S SENIOR APARTMENTS LP

    REAL ESTATE · NY

    Directly controlled by NA

  • WILSON AVENUE LIMITED PARTNERSHIP

    REAL ESTATE · NY

    Directly controlled by NA

  • HOWARD BEACH APARTMENTS LLC

    REAL ESTATE · NY

    Directly controlled by NA

  • 55 PIERREPONT LLC

    REAL ESTATE · NY

    Directly controlled by NA

  • LORETO PRESERVATION LLC

    REAL ESTATE · NY

    Directly controlled by NA

  • CARING SUPPORTED HOUSING LLC

    REAL ESTATE · NY

    Directly controlled by NA

  • LORETO II LLC

    REAL ESTATE · NY

    Directly controlled by NA

  • SHERIDAN II LLC

    REAL ESTATE · NY

    Directly controlled by NA

Related corporations and trusts

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

  • BEDFORD SAINT JOHN'S ASSOCIATES INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • BISHOP BOARDMAN APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • BISHOP FRANCIS J MUGAVERO APARTMENTS

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • HOLY SPIRIT APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • JEFFERSON MELROSE ASSOCIATES INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • MARY STAR OF THE SEA APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • MSGR EDWARD T BURKE APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • MSGR JOHN P O'BRIEN APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • MSGR THOMAS CAMPBELL APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • POPE JOHN PAUL II APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • SR LUCIAN APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • ST BRENDAN'S APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • TAAFFE KENT ASSOCIATES INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • WILLOUGHBY CLASSON APARTMENTS INC

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • HOWARD BEACH HOUSING CORPORATION

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • 55 PIERREPONT APARTMENTS CORPORATION

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • OL LORETO HOUSING CORP

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • CARING SUPPORTED HSG MNG MBR CORPORATION

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • LORETO II MM CORPORATION

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • SHERIDAN II MM CORPORATION

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • VB CCPOPD HOUSING DEVELOPMENT FUND CORP

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • SHERIDAN II 25 CORPORATION

    C · REAL ESTATE · NY · share of income $0 · share of assets $0

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

2 distributions to recipients named as people, $9,708,997 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202421029349300347

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