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← KIRYAS JOEL HOUSING DEVELOPMENT FUND COMPANY INCORPORATED

Form 990 for tax year 2022

Filed by KIRYAS JOEL HOUSING DEVELOPMENT FUND COMPANY INCORPORATED.

Totals

Total revenue
$1,486,254
Total expenses
$303,429
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$242,204
Investment income
$1,244,050
Other revenue
$0
Total assets, end of year
$1,898,688
Total liabilities, end of year
$719,213
Net assets or fund balances, end of year
$1,179,475
Program services expenses (Part IX)
$277,758
Management and general expenses
$25,671
Fundraising expenses
$0
Program service expenses (Part III)
$277,758

Program services were 91.5% 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.

  • 2a · Program service revenue: RENTAL PROPERTY

    total $242,204 · related or exempt $242,204

  • 3 · Investment income

    total $1,538 · excluded $1,538

  • 7a · Gross sales of assets other than inventory

    other assets $1,500,000

  • 7b · Less cost or other basis and sales expenses

    other assets $257,488

  • 7c · Gain or loss

    other assets $1,242,512

  • 7d · Net gain or loss

    total $1,242,512 · related or exempt $1,242,512

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $72,116 · program services $50,481 · management and general $21,635

  • 9 · Other employee benefits

    total $604 · program services $423 · management and general $181

  • 10 · Payroll taxes

    total $7,899 · program services $5,529 · management and general $2,370

  • 11b · Fees: legal

    total $835 · program services $334 · management and general $501

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 12 · Advertising and promotion

    total $375 · program services $375

  • 20 · Interest

    total $42,886 · program services $42,886

  • 22 · Depreciation, depletion and amortization

    total $40,438 · program services $40,438

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $32,987 · program services $32,987

  • 24b · Other expenses: GAS & FUEL

    total $28,604 · program services $28,604

  • 24c · Other expenses: ELECTRICITY

    total $20,092 · program services $20,092

  • 24d · Other expenses: INSURANCE

    total $13,914 · program services $13,914

  • 24e · All other expenses

    total $42,179 · program services $41,695 · management and general $484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,710 · end of year $387,201

  • 4 · Accounts receivable

    beginning of year $113,320 · end of year $88,350

  • 7 · Other notes and loans receivable

    beginning of year $627,846 · end of year $647,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,880 · end of year $11,400

  • 10c · Land, buildings and equipment, net

    beginning of year $248,728

  • 14 · Intangible assets

    beginning of year $16,674

  • 15 · Other assets

    beginning of year $7,788 · end of year $763,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,903 · end of year $24,243

  • 23 · Secured mortgages and notes payable

    beginning of year $877,030 · end of year $500,000

  • 24 · Unsecured notes and loans payable

    beginning of year $108,590 · end of year $188,197

  • 25 · Other liabilities

    beginning of year $6,773 · end of year $6,773

  • 27 · Net assets without donor restrictions

    beginning of year -$3,350 · end of year $1,179,475

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING TO SENIOR CITZENS AND NEEDY FAMILIES.

  • TO PROVIDE AFFORDABLE HOUSING TO SENIOR CITZENS AND NEEDY FAMILIES.

    Expenses $277,758

As filed on the 2022 return.

Listed in Part VII

  • Joseph Greenfeld

    SCERETARY

    Total calculated
    $0
    Hours/week
    1

  • Eluzer Gruber

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Yechezkel Steinmetz

    TREAS

    Total calculated
    $0
    Hours/week
    1.5

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349317764

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