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Nonprofiteer
← PURCHASE HOUSING CORPORATION II

Form 990 for tax year 2022

Filed by PURCHASE HOUSING CORPORATION II.

Totals

Total revenue
$3,256,997
Total expenses
$3,402,985
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,224,859
Investment income
$4,790
Other revenue
$27,348
Total assets, end of year
$31,263,947
Total liabilities, end of year
$30,327,943
Net assets or fund balances, end of year
$936,004
Program services expenses (Part IX)
$3,374,060
Management and general expenses
$28,925
Fundraising expenses
$0
Program service expenses (Part III)
$3,374,060

Program services were 99.2% 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: ROOM RENTALS

    total $3,224,859 · related or exempt $3,224,859

  • 3 · Investment income

    total $4,790 · excluded $4,790

  • 11a · Other revenue: OTHER INCOME

    total $27,348 · excluded $27,348

  • 11e · Other revenue, total

    $27,348

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $560,234 · program services $560,234

  • 11c · Fees: accounting

    total $19,900 · management and general $19,900

  • 11g · Fees: other

    total $9,025 · management and general $9,025

  • 16 · Occupancy

    total $129,493 · program services $129,493

  • 20 · Interest

    total $1,210,002 · program services $1,210,002

  • 22 · Depreciation, depletion and amortization

    total $1,182,197 · program services $1,182,197

  • 23 · Insurance

    total $156,227 · program services $156,227

  • 24a · Other expenses: REPAIRS, MAINTENANCE AN

    total $95,618 · program services $95,618

  • 24b · Other expenses: OTHER EXPENSES

    total $32,640 · program services $32,640

  • 24c · Other expenses: BAD DEBT

    total $7,649 · program services $7,649

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,398,974 · end of year $3,707,084

  • 4 · Accounts receivable

    beginning of year $31,163 · end of year $24,820

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

    $32,036,190

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

    $4,504,147

  • 10c · Land, buildings and equipment, net

    beginning of year $28,706,540 · end of year $27,532,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,620 · end of year $188,374

  • 20 · Tax-exempt bond liabilities

    beginning of year $30,856,644 · end of year $30,085,084

  • 25 · Other liabilities

    beginning of year $47,421 · end of year $54,485

  • 27 · Net assets without donor restrictions

    beginning of year $1,081,992 · end of year $936,004

Mission and programs · 2022

Mission

TO SUPPORT THE PURPOSES OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK.

  • THE CORPORATION CONSTRUCTED A 310 JUNIOR SUITE-STYLE HALL PROJECT ON APPROXIMATELY 4 ACRES OF LAND. THE BUILDING WAS OPENED IN AUGUST 2019.

    Expenses $3,374,060 · Revenue $3,224,859

As filed on the 2022 return.

Listed in Part VII

  • David Fleisher

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Judith Nolan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Fonseca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michelle Ifill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Milagros Pena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patricia Bice

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wayne Rush

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sarah James

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
27 February 2024
IRS schema version
2022v5.0
Source object
202440679349301614

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