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← HOUSE OF DAVID PRESERVATION INC

Form 990 for tax year 2022

Filed by HOUSE OF DAVID PRESERVATION INC.

Totals

Total revenue
$5,938,014
Total expenses
$6,607,544
Contributions and grants received
$4,153,661
Grants paid
$112,882
Program service revenue
$1,532,335
Investment income
$252,018
Other revenue
$0
Total assets, end of year
$50,756,751
Total liabilities, end of year
$40,218,537
Net assets or fund balances, end of year
$10,538,214
Program services expenses (Part IX)
$6,302,022
Management and general expenses
$305,522
Fundraising expenses
$0
Program service expenses (Part III)
$6,302,022

Program services were 95.4% 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)

    $3,653,936

  • 1f · All other contributions, gifts and grants

    $499,725

  • 2a · Program service revenue: LOW INCOME HOUSING RENTAL

    total $1,532,335 · related or exempt $1,532,335

  • 3 · Investment income

    total $252,018 · excluded $252,018

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $112,882 · program services $112,882

  • 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 $32,400 · program services $32,400

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $900,526 · program services $900,526

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $164,716 · program services $164,716

  • 10 · Payroll taxes

    total $113,920 · program services $113,920

  • 11a · Fees: management

    total $351,093 · program services $351,093

  • 11b · Fees: legal

    total $41,881 · management and general $41,881

  • 11c · Fees: accounting

    total $168,925 · management and general $168,925

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $825,628 · program services $825,628

  • 12 · Advertising and promotion

    total $20,573 · program services $20,573

  • 13 · Office expenses

    total $121,244 · program services $60,622 · management and general $60,622

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,650,769 · program services $2,650,769

  • 17 · Travel

    total $5,495 · management and general $5,495

  • 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 $837,558 · program services $837,558

  • 23 · Insurance

    total $67,632 · program services $67,632

  • 24a · Other expenses: ELDERLY CARE

    total $123,406 · program services $123,406

  • 24b · Other expenses: BAD DEBT

    total $40,297 · program services $40,297

  • 24c · Other expenses: OTHER TAXES

    total $28,599 · management and general $28,599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,399,261 · end of year $149,758

  • 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 $513,836 · end of year $485,920

  • 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 $122,780 · end of year $124,255

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

    $36,257,245

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

    $3,149,779

  • 10c · Land, buildings and equipment, net

    beginning of year $33,619,459 · end of year $33,107,466

  • 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 $11,442,487 · end of year $13,136,118

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,336,980 · end of year $3,753,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $946,361 · end of year $1,594,337

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $47,816 · end of year $26,765

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $116,813 · end of year $121,335

  • 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 $36,249,259 · end of year $36,148,551

  • 24 · Unsecured notes and loans payable

    beginning of year $2,253,052 · end of year $2,327,549

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10,821,502 · end of year $10,538,214

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND LOW INCOME PERSONS AND FAMILIES

  • Affordable HOUSING FOR THE ELDERLY, DISABLED AND Low income Persons and FAMILIES under Section 8, Section 202 and Section 811 of the National Housing Act.

    Expenses $6,302,022 · Revenue $1,532,335

As filed on the 2022 return.

Listed in Part VII

  • Rabbi Israel Wilhelm

    President

    Total calculated
    $31,200
    From this org
    $30,000
    From related orgs
    $0
    Other
    $1,200
    Hours/week
    2

  • Rabbi Abraham Lapine

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Rabbi Levi Brook

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Deborah Friedman

    SECRETARY - EFFECTIVE 8/17/23

    Total calculated
    $0
    Hours/week
    2

  • William Franklyn Richardson

    Director - Effective 8/17/23

    Total calculated
    $0
    Hours/week
    2

  • Russell Grundhauser

    Director - Effective 8/17/23

    Total calculated
    $0
    Hours/week
    2

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Cedars Of Lebanon LLC

    Affordable Ho · IL · income $1,625,438 · assets $6,176,316

    Directly controlled by House of Dav

  • Guild House West II LLC

    Affordable Ho · PA · income $751,833 · assets $4,254,727

    Directly controlled by House of Dav

  • HOD Palomino LLC

    Affordable Ho · TX · income -$89,587 · assets -$1,544,195

    Directly controlled by House of Dav

  • HOD Prospect Park Apartments LLC

    Affordable Ho · NJ · income $0 · assets $0

    Directly controlled by House of Dav

  • Hod Guild House I LLC

    Affordable Ho · PA · income $74,343 · assets -$239,590

    Directly controlled by House of Dav

  • Gesher House HOD LP

    Affordable Ho · NJ · income $1,263,308 · assets $8,722,898

    Directly controlled by House of Dav

  • Kappa House Senior Apartments II LP

    AFFORDABLE HO · OH · income $405,144 · assets $4,121,866

    Directly controlled by HOUSE OF DAV

  • Sarah Allen Housing HOD LLC

    AFFORDABLE HO · PA · income $753,372 · assets $667,390

    Directly controlled by House of Dav

  • Spring Garden Elderly Housing LP

    AFFORDABLE HO · NJ · income $1,425,117 · assets $13,026,599

    Directly controlled by House of Dav

  • Alexian Court HOD LLC

    Affordable Ho · MO · income -$16,206 · assets $3,057

    Directly controlled by House of Dav

  • Bethany Manor HOD LLC

    Affordable Ho · NJ · income -$30,543 · assets -$120,557

    Directly controlled by House of Dav

  • De Freese Manor HOD LLC

    Affordable Ho · NE · income -$7,293 · assets -$966

    Directly controlled by House of Dav

  • Kenzie Apartments HOD LLC

    Affordable Ho · MN · income -$1,025 · assets $22,259

    Directly controlled by House of Dav

  • Phillip Sims HOD LLC

    Affordable Ho · MI · income -$3,328 · assets $25,920

    Directly controlled by House of Dav

  • River Apartments HOD LLC

    Affordable Ho · MN · income -$979 · assets $13,551

    Directly controlled by House of Dav

  • Menorah Plaza HOD LLC

    Affordable Ho · MN · income $0 · assets $470,444

    Directly controlled by House of Dav

  • Restoration Plaza HOD LLC

    Affordable Ho · OH · income $0 · assets $28,954

    Directly controlled by House of Dav

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Guild House I LP

    Affordable Ho · PA · 10% owned · share of income $74,343 · share of assets $547,761 · general or managing partner

    Directly controlled by House of David

  • Palomino Apartments LP

    Affordable Ho · TX · 20% owned · share of income -$89,587 · share of assets $384,116 · general or managing partner

    Directly controlled by House of David

  • ST John Tower LLC

    Affordable Ho · NY · 10% owned · share of income $34,254 · share of assets $1,420,987 · general or managing partner

    Directly controlled by House of David

  • Sir Walter Apartments GP LLC

    Affordable Ho · NC · 51% owned · share of income -$18 · share of assets $756,309

    Directly controlled by House of David

  • William Watters House GP LLC

    Affordable Ho · VA · 0.01% owned · share of income $44 · share of assets $209 · general or managing partner

    Directly controlled by House of David

  • Mayflower Manor Apartments GP LLC

    Affordable Ho · OH · 51% owned · share of income -$65 · share of assets $5,526,164

    Directly controlled by House of David

  • Casa Trevino Apartments HOD LLC

    Affordable Ho · TX · 99% owned · share of income -$1,192 · share of assets $56,500

    Directly controlled by House of David

  • Cedar Green Housing HOD LLC

    Affordable Ho · TX · 99% owned · share of income -$665 · share of assets $93,092

    Directly controlled by House of David

  • Woodberry Apartments GP LLC

    Affordable Ho · DC · 51% owned · share of income -$54 · share of assets $5,072,679

    Directly controlled by House of David

  • Sarah Allen Elderly Housing LP

    AFFORDABLE HO · PA · 10% owned · share of income -$34,598 · share of assets $433,666 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Greenview Manor Senior Apartments LP

    AFFORDABLE HO · FL · 1% owned · share of income $157 · share of assets $71,348 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Hacienda Villas Apartments LP

    AFFORDABLE HO · FL · 1% owned · share of income -$3,473 · share of assets $160,073 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Kappa House I LLC

    AFFORDABLE HO · OH · 99% owned · share of income -$627 · share of assets $51,962 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Maple Woods Apartments HOD LLC

    AFFORDABLE HO · VA · 99% owned · share of income $819 · share of assets $133,480 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Shockoe I Apartments GP LLC

    AFFORDABLE HO · VA · 51% owned · share of income -$49 · share of assets $2,482,137

    Directly controlled by HOUSE OF DAVID

  • Alexian Court Apartments LP

    AFFORDABLE HO · MO · 1% owned · share of income -$16,206 · share of assets $72,624 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Bethany Manor Apartments Urban Renewal L

    Affordable Ho · NJ · 1% owned · share of income -$22,487 · share of assets $247,647 · general or managing partner

    Directly controlled by House of David

  • De Freese Manor Apartments LP

    Affordable Ho · NE · 1% owned · share of income -$7,293 · share of assets $26,253 · general or managing partner

    Directly controlled by House of David

  • Kenzie Senior Apartments LP

    Affordable Ho · MN · 1% owned · share of income -$1,025 · share of assets $3,467,316 · general or managing partner

    Directly controlled by House of David

  • Parker Square Apartments GP LLC

    Affordable Ho · MO · 51% owned · share of income -$237 · share of assets $4,793,672

    Directly controlled by House of David

  • Phillip Sims Apartments LDHA LP

    Affordable Ho · MI · 1% owned · share of income -$3,328 · share of assets $103,962 · general or managing partner

    Directly controlled by House of David

  • River Senior Apartments LP

    Affordable Ho · MN · 1% owned · share of income -$979 · share of assets $44,017 · general or managing partner

    Directly controlled by House of David

Related corporations and trusts

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

  • HOD Prospect MM LLC

    C · Affordable Ho · NJ · 100% owned · share of income -$8 · share of assets -$26,020

    Directly controlled by HOD Prospect Pa

  • VUM Sterling Park Inc

    C · AFFORDABLE HO · VA · 51% owned · share of income $44 · share of assets -$794

    Directly controlled by HOUSE OF DAVID

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349301758

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