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← NCS HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by NCS HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$717,870
Total expenses
$789,049
Contributions and grants received
$505,043
Grants paid
$163,708
Program service revenue
$212,827
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,034,464
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,034,464
Program services expenses (Part IX)
$789,049
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$789,049

Program services were 100.0% 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)

    $505,043

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $212,827 · related or exempt $212,827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $163,708 · program services $163,708

  • 7 · Other salaries and wages

    total $199,815 · program services $199,815

  • 9 · Other employee benefits

    total $52,105 · program services $52,105

  • 11g · Fees: other

    total $31,817 · program services $31,817

  • 13 · Office expenses

    total $16,083 · program services $16,083

  • 16 · Occupancy

    total $107,093 · program services $107,093

  • 17 · Travel

    total $60 · program services $60

  • 22 · Depreciation, depletion and amortization

    total $168,669 · program services $168,669

  • 23 · Insurance

    total $9,575 · program services $9,575

  • 24a · Other expenses: MISC EXPENSES

    total $12,925 · program services $12,925

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $10,130 · program services $10,130

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $7,265 · program services $7,265

  • 24d · Other expenses: EQUIPMENT

    total $5,704 · program services $5,704

  • 24e · All other expenses

    total $4,100 · program services $4,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,080 · end of year $124,330

  • 4 · Accounts receivable

    beginning of year $5,002 · end of year $26,314

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,233 · end of year $28,112

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

    $5,021,175

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

    $3,165,467

  • 10c · Land, buildings and equipment, net

    beginning of year $1,957,328 · end of year $1,855,708

  • 27 · Net assets without donor restrictions

    beginning of year $2,105,643 · end of year $2,034,464

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF OWNERSHIP, OPERATION, DEVELOPMENT AND DISPOSITION, ON A NON-PROFIT BASIS, OF HOUSING FOR PERSONS OF LOW INCOME WHO ARE OTHERWISE HOMELESS PERSONS.

  • RESIDENCE PROGRAM: THE ORGANIZATION OPERATES HOUSING FOR SINGLE ADULT HOMELESS AND LOW-INCOME HOUSING NEEDY INDIVIDUALS RESIDING AT THE 65-UNIT NCS RESIDENCE (211 EAST 81ST STREET). RESIDENTS ARE REFERRED BY THE NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES FROM HOMELESS SHELTERS AND TRANSISTIONAL HOUSNG PROGRAMS THROUGHOUT THE CITY AND FROM NCS' OWN PROGRRAMS FOR HOMELESS PEOPLE. PROGRAM SUPPORTIVE HOUSING SERVICES AT THE RESIDENCE ARE DESIGNED TO PROMOTE STABILITY AND INDEPENDENT LIVING IN THE COMMUNITY.

    Expenses $789,049 · Grants $163,708 · Revenue $212,827

As filed on the 2023 return.

Listed in Part VII

  • Ann Shalof

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $207,627
    From this org
    $0
    From related orgs
    $174,280
    Other
    $33,347
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,280 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,700 related
    Nontaxable benefits
    $0 + $27,647 related
    Filer's total
    $0 + $207,627 related

  • Jan Golann

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • Stephanie Guest

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • Pearl Chin

    CHIEF FINANCIAL OFFICER

    Total calculated
    $149,730
    From this org
    $0
    From related orgs
    $135,113
    Other
    $14,617
    Hours/week
    2 + 35 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)

PART I, LINE 3
THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS ESTABLISHED BY THE RELATED ENTITY, NEIGHBORHOOD COALITION FOR SHELTER, INC.

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.

  • LOUIS NINE LP

    ORGANIZED EXCLUSIVELY TO FURTHER THE CHARITABLE PURPOSES OF LOUIS NINE HDFC · NY

Related corporations and trusts

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

  • LOUIS NINE GP INC

    C · ACTS AS THE GP AND MANAGES THE BUSINESS AND AFFAIRS OF LOUIS NINE LP. · NY

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349309860

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