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← MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,200,942
Total expenses
$1,425,022
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,019,462
Investment income
$638
Other revenue
$180,842
Total assets, end of year
$9,476,681
Total liabilities, end of year
$13,479,262
Net assets or fund balances, end of year
-$4,002,581
Program services expenses (Part IX)
$1,321,232
Management and general expenses
$103,790
Fundraising expenses
$0
Program service expenses (Part III)
$1,321,232

Program services were 92.7% 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 $1,019,462 · related or exempt $1,019,462

  • 3 · Investment income

    total $638 · excluded $638

  • 11a · Other revenue: DEBT EXTINGUISHMENT

    total $165,000 · related or exempt $165,000

  • 11b · Other revenue: LAUNDRY AND VENDING

    total $503 · related or exempt $503

  • 11d · All other revenue

    total $15,339 · related or exempt $15,339

  • 11e · Other revenue, total

    $180,842

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $231,409 · program services $142,586 · management and general $88,823

  • 11b · Fees: legal

    total $9,117 · program services $9,117

  • 11c · Fees: accounting

    total $14,967 · management and general $14,967

  • 11g · Fees: other

    total $10,073 · program services $10,073

  • 13 · Office expenses

    total $13,082 · program services $13,082

  • 14 · Information technology

    total $2,458 · program services $2,458

  • 16 · Occupancy

    total $288,877 · program services $288,877

  • 20 · Interest

    total $78,600 · program services $78,600

  • 22 · Depreciation, depletion and amortization

    total $383,835 · program services $383,835

  • 23 · Insurance

    total $116,763 · program services $116,763

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $219,262 · program services $219,262

  • 24b · Other expenses: BAD DEBTS

    total $52,775 · program services $52,775

  • 24c · Other expenses: PERMITS

    total $3,803 · program services $3,803

  • 24e · All other expenses

    total $1 · program services $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $840,018 · end of year $398,695

  • 4 · Accounts receivable

    beginning of year $113,808 · end of year $126,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,533 · end of year $28,430

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

    $15,787,489

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

    $8,306,993

  • 10c · Land, buildings and equipment, net

    beginning of year $7,851,806 · end of year $7,480,496

  • 15 · Other assets

    beginning of year $1,050,664 · end of year $1,442,588

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,503 · end of year $56,553

  • 19 · Deferred revenue

    beginning of year $1,166 · end of year $632

  • 23 · Secured mortgages and notes payable

    beginning of year $13,480,941 · end of year $13,320,957

  • 25 · Other liabilities

    beginning of year $103,720 · end of year $101,120

  • 27 · Net assets without donor restrictions

    beginning of year -$3,778,501 · end of year -$4,002,581

Mission and programs · 2022

Mission

DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

  • EXPENSES WERE INCURRED FOR THE MAINTENANCE OF A HOUSING PROJECT DEVELOPED FOR THE BENEFIT OF PERSONS OF LOW INCOME.

    Expenses $1,321,232 · Revenue $1,200,304

As filed on the 2022 return.

Listed in Part VII

  • DOROTHY AMADI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • DERRICK OWENS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • NATALIE BROWN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 7 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

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.

  • MHANY 1999 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 1999 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2003 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2004 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2005 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2011 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY DUMONT HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY MANAGEMENT INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

  • MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY STELLA HEIGHTS HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MUTUAL HOUSING ASSOCIATION OF NEW YORK

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • NEW JERSEY ACORN HOUSING CORPORATION INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303139349300600

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