Form 990 for tax year 2022
Filed by STEGER II HOUSING DEVELOPMENT FUND COMPANY INC.
Totals
- Total revenue
- $314,297
- Total expenses
- $458,262
- Contributions and grants received
- $177,415
- Grants paid
- $0
- Program service revenue
- $132,884
- Investment income
- $2,692
- Other revenue
- $1,306
- Total assets, end of year
- $1,438,747
- Total liabilities, end of year
- $3,663,360
- Net assets or fund balances, end of year
- -$2,224,613
- Program services expenses (Part IX)
- $272,828
- Management and general expenses
- $185,434
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $272,828
Program services were 59.5% 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)
$177,415
-
2a · Program service revenue: RENTAL INCOME
total $132,884 · related or exempt $132,884
-
3 · Investment income
total $2,692 · excluded $2,692
-
11a · Other revenue: LAUNDRY & VENDING REVE
total $1,206 · related or exempt $1,206
-
11b · Other revenue: TENANT CHARGES
total $100 · related or exempt $100
-
11e · Other revenue, total
$1,306
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $96,300 · program services $3,404 · management and general $92,896
-
9 · Other employee benefits
total $17,212 · program services $17,212
-
10 · Payroll taxes
total $8,690 · program services $8,690
-
11a · Fees: management
total $33,926 · management and general $33,926
-
11c · Fees: accounting
total $13,057 · management and general $13,057
-
12 · Advertising and promotion
total $294 · management and general $294
-
13 · Office expenses
total $33,454 · program services $21,722 · management and general $11,732
-
16 · Occupancy
total $34,377 · program services $34,377
-
19 · Conferences, conventions and meetings
total $153 · management and general $153
-
22 · Depreciation, depletion and amortization
total $149,289 · program services $149,289
-
24a · Other expenses: SERVICE COORDINATOR
total $26,137 · management and general $26,137
-
24b · Other expenses: INSURANCE
total $18,671 · program services $18,671
-
24c · Other expenses: CONTRACTS
total $15,259 · program services $15,259
-
24d · Other expenses: ADMINISTRATIVE EXPENSES
total $7,239 · management and general $7,239
-
24e · All other expenses
total $4,204 · program services $4,204
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,261 · end of year $2,345
-
4 · Accounts receivable
beginning of year $367 · end of year $66
-
9 · Prepaid expenses and deferred charges
beginning of year $17,519 · end of year $20,842
-
10a · Land, buildings and equipment: cost or other basis
$3,742,191
-
10b · Land, buildings and equipment: accumulated depreciation
$2,565,616
-
10c · Land, buildings and equipment, net
beginning of year $1,325,863 · end of year $1,176,575
-
15 · Other assets
beginning of year $227,120 · end of year $238,919
-
17 · Accounts payable and accrued expenses
beginning of year $7,818 · end of year $10,918
-
19 · Deferred revenue
beginning of year $666 · end of year $1,021
-
23 · Secured mortgages and notes payable
beginning of year $3,637,957 · end of year $3,637,957
-
25 · Other liabilities
beginning of year $13,337 · end of year $13,464
-
27 · Net assets without donor restrictions
beginning of year -$2,080,648 · end of year -$2,224,613
Mission and programs · 2022
Mission
THE COMPANY WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, SAID PROJECT KNOWN AS ST. JUDE II APARTMENTS, A 39-UNIT PROJECT LOCATED IN ROCHESTER, NEW YORK.
Activities or mission (Part I)
TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT FOR THE ELDERLY, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
-
PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY
Expenses $272,828 · Revenue $134,190
As filed on the 2022 return.
Listed in Part VII
-
Steve SpotoSTEVE SPOTO
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Donald E KuhmanDONALD E KUHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Gary RigoniGARY RIGONI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
William A GilletteWILLIAM A GILLETTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Greg WestbrookGREG WESTBROOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
James GrayJAMES GRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rochelle BrunshidleROCHELLE BRUNSHIDLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sharon M ParisSHARON M PARIS
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0
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.
-
STEGER HOUSING DEVELOPMENT FUND COMPANY PROJECT NO 014-EE057
501(C)(3) · TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303419349300805
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