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← HEART OF THE CITY NEIGHBORHOODS INC

Form 990 for tax year 2022

Filed by HEART OF THE CITY NEIGHBORHOODS INC.

Totals

Total revenue
$1,658,680
Total expenses
$1,749,865
Contributions and grants received
$1,486,822
Grants paid
$110,831
Program service revenue
$143,734
Investment income
$99
Other revenue
$28,025
Total assets, end of year
$565,159
Total liabilities, end of year
$430,283
Net assets or fund balances, end of year
$134,876
Program services expenses (Part IX)
$1,545,345
Management and general expenses
$204,520
Fundraising expenses
$0
Program service expenses (Part III)
$1,545,345

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.

  • 1e · Government grants (contributions)

    $345,531

  • 1f · All other contributions, gifts and grants

    $1,141,291

  • 2a · Program service revenue: TECHNICAL ASSISTANCE

    total $124,906 · related or exempt $124,906

  • 2b · Program service revenue: MANAGEMENT FEES

    total $13,430 · related or exempt $13,430

  • 2c · Program service revenue: RENTAL INCOME

    total $5,398 · related or exempt $5,398

  • 3 · Investment income

    total $99 · excluded $99

  • 11a · Other revenue: SETTLEMENT FUNDS

    total $28,025 · excluded $28,025

  • 11e · Other revenue, total

    $28,025

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,831 · program services $110,831

  • 5 · Compensation of officers, directors and key employees

    total $105,393 · program services $20,717 · management and general $84,676

  • 7 · Other salaries and wages

    total $348,856 · program services $348,856

  • 9 · Other employee benefits

    total $107,523 · program services $89,272 · management and general $18,251

  • 10 · Payroll taxes

    total $35,811 · program services $27,343 · management and general $8,468

  • 11b · Fees: legal

    total $19,360 · program services $19,360

  • 11g · Fees: other

    total $9,100 · management and general $9,100

  • 13 · Office expenses

    total $6,255 · program services $5,004 · management and general $1,251

  • 16 · Occupancy

    total $25,382 · program services $19,037 · management and general $6,345

  • 19 · Conferences, conventions and meetings

    total $2,710 · program services $1,355 · management and general $1,355

  • 20 · Interest

    total $1,607 · management and general $1,607

  • 22 · Depreciation, depletion and amortization

    total $2,164 · program services $2,164

  • 23 · Insurance

    total $11,674 · program services $8,756 · management and general $2,918

  • 24a · Other expenses: RENOVATIONS/PROGRAM EXP

    total $872,998 · program services $872,998

  • 24b · Other expenses: BAD DEBT

    total $46,600 · management and general $46,600

  • 24c · Other expenses: FRAUDULENT CHECKS

    total $11,860 · management and general $11,860

  • 24d · Other expenses: MISCELLANEOUS

    total $11,845 · program services $5,922 · management and general $5,923

  • 24e · All other expenses

    total $19,896 · program services $13,730 · management and general $6,166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $322,070 · end of year $99,808

  • 4 · Accounts receivable

    beginning of year $83,433 · end of year $190,601

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,539 · end of year $17,313

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

    $27,892

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

    $21,486

  • 10c · Land, buildings and equipment, net

    beginning of year $8,570 · end of year $6,406

  • 15 · Other assets

    beginning of year $193,540 · end of year $251,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,167 · end of year $30,840

  • 19 · Deferred revenue

    beginning of year $358,726 · end of year $329,587

  • 21 · Escrow or custodial account liability

    end of year $9,437

  • 23 · Secured mortgages and notes payable

    beginning of year $18,198 · end of year $10,071

  • 24 · Unsecured notes and loans payable

    end of year $50,348

  • 27 · Net assets without donor restrictions

    beginning of year $226,061 · end of year $113,165

  • 28 · Net assets with donor restrictions

    end of year $21,711

Mission and programs · 2022

Mission

HEART OF THE CITY NEIGHBORHOODS, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED FOR THE PURPOSE OF WORKING TOWARDS WESTERN NEW YORK NEIGHBORHOOD DEVELOPMENT AND PRESERVATION.

  • TO CREATE, FACILITATE, AND SUPPORT HOUSING AND NEIGHBORHOOD DEVELOPMENT IN THE CITY OF BUFFALO.

    Expenses $1,545,345 · Grants $110,831 · Revenue $143,734

As filed on the 2022 return.

Listed in Part VII

  • Lauren M Gannon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • Jason Falk

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • Daniel Bender

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • Alexander Drainville

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • Colleen Roberts

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Adebare Ogunleye

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Eric Lander

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Stephanie J Simeon

    EXECUTIVE DIRECTOR

    Total calculated
    $79,124
    From this org
    $79,124
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 10 related

  • Michelle Wooten

    DIRECTOR OF FINANCE

    Total calculated
    $20,717
    From this org
    $20,717
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 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

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
14 June 2023
IRS schema version
2022v5.0
Source object
202331719349300523

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