Form 990 for tax year 2022
Filed by ENCORE 49 HOUSING DEVELOPMENT FUND CO INC.
Totals
- Total revenue
- $763,711
- Total expenses
- $924,793
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $760,373
- Investment income
- $58
- Other revenue
- $3,280
- Total assets, end of year
- $1,154,677
- Total liabilities, end of year
- $1,181,785
- Net assets or fund balances, end of year
- -$27,108
- Program services expenses (Part IX)
- $924,793
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $924,793
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.
-
2a · Program service revenue: RENTAL INCOME
total $760,373 · related or exempt $760,373
-
3 · Investment income
total $58 · excluded $58
-
11a · Other revenue: LAUNDRY INCOME
total $3,280 · excluded $3,280
-
11e · Other revenue, total
$3,280
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $247,989 · program services $247,989
-
8 · Pension plan contributions
total $6,926 · program services $6,926
-
9 · Other employee benefits
total $35,248 · program services $35,248
-
10 · Payroll taxes
total $22,293 · program services $22,293
-
11g · Fees: other
total $62,873 · program services $62,873
-
13 · Office expenses
total $21,435 · program services $21,435
-
14 · Information technology
total $26,643 · program services $26,643
-
16 · Occupancy
total $108,838 · program services $108,838
-
17 · Travel
total $1,310 · program services $1,310
-
22 · Depreciation, depletion and amortization
total $145,110 · program services $145,110
-
23 · Insurance
total $18,393 · program services $18,393
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $223,702 · program services $223,702
-
24b · Other expenses: DUES AND FEES
total $3,570 · program services $3,570
-
24c · Other expenses: POSTAGE
total $463 · program services $463
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,154 · end of year $23,795
-
2 · Savings and temporary cash investments
beginning of year $174,636 · end of year $155,709
-
4 · Accounts receivable
beginning of year $147,312 · end of year $169,014
-
10a · Land, buildings and equipment: cost or other basis
$5,237,023
-
10b · Land, buildings and equipment: accumulated depreciation
$4,430,864
-
10c · Land, buildings and equipment, net
beginning of year $883,606 · end of year $806,159
-
25 · Other liabilities
beginning of year $1,080,734 · end of year $1,181,785
-
27 · Net assets without donor restrictions
beginning of year $133,974 · end of year -$27,108
Mission and programs · 2022
Mission
TO PROVIDE AFFORDABLE HOUSING TO PREVIOUSLY HOMELESS SENIOR CITIZENS.
Activities or mission (Part I)
SUPPORTIVE HOUSING FOR LOW-INCOME SENIORS.
-
THE ENCORE 49 RESIDENCE IS A SINGLE ROOM OCCUPANCY FACILITY IN OPERATION SINCE 1989 AND PROVIDES PERMANENT, SUPPORTIVE AND AFFORDABLE HOUSING TO 88 FORMERLY HOMELESS ELDERLY MEN AND WOMEN WHO SUFFER WITH CHRONIC MENTAL ILLNESS. ONE OF THE UNIQUE ASPECTS OF THE RESIDENCE IS THE COMPREHENSIVE ON SITE CLINICAL SERVICES PROVIDED TO TREAT THE COMPLEX MENTAL HEALTH ISSUES AFFECTING THIS ELDERLY POPULATION WITH SPECIAL NEEDS.
Expenses $924,793 · Revenue $760,373
As filed on the 2022 return.
Listed in Part VII
-
Mark EpsteinMARK EPSTEIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ellen DunnELLEN DUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dana ChangDANA CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Danny DangDANNY DANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sr Lillian McNamraSR LILLIAN MCNAMRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Kendall MessickKENDALL MESSICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark NevinsMARK NEVINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jeremy KaplanJEREMY KAPLAN
EXECUTIVE DIRECTOR
- Total calculated
- $214,482
- From this org
- $0
- From related orgs
- $191,669
- Other
- $22,813
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $171,419 related
- Bonus
- $0 + $20,250 related
- Other
- $0
- Deferred
- $0 + $9,126 related
- Nontaxable benefits
- $0 + $13,687 related
- Filer's total
- $0 + $214,482 related
-
Judith CastilloJUDITH CASTILLO
COO
- Total calculated
- $186,012
- From this org
- $0
- From related orgs
- $157,709
- Other
- $28,303
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $147,584 related
- Bonus
- $0 + $10,125 related
- Other
- $0
- Deferred
- $0 + $6,944 related
- Nontaxable benefits
- $0 + $21,359 related
- Filer's total
- $0 + $186,012 related
-
Michael WalterMICHAEL WALTER
SECRETARY
- Total calculated
- $84,635
- From this org
- $0
- From related orgs
- $68,976
- Other
- $15,659
- Hours/week
- 1 + 36 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
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
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.
-
501(C)(3) · PROVIDE ASSISTANCE TO OLDER NEW YORKERS · NY
-
501(C)(3) · DEVELOP AND OPERATE HOUSING FOR SENIORS · NY
Directly controlled by ENCORE COMMUNITY SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441379349302104
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