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Nonprofiteer
← ALLIANCE APARTMENTS HOUSING DEVELOPMENT FUND CO INC

Form 990 for tax year 2023

Filed by ALLIANCE APARTMENTS HOUSING DEVELOPMENT FUND CO INC.

Totals

Total revenue
$1,022,449
Total expenses
$1,375,915
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,014,527
Investment income
$7,475
Other revenue
$447
Total assets, end of year
$1,992,584
Total liabilities, end of year
$6,464,260
Net assets or fund balances, end of year
-$4,471,676
Program services expenses (Part IX)
$1,358,031
Management and general expenses
$17,884
Fundraising expenses
$0
Program service expenses (Part III)
$1,358,031

Program services were 98.7% 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 $1,014,527 · related or exempt $1,014,527

  • 3 · Investment income

    total $7,475 · excluded $7,475

  • 11a · Other revenue: OTHER INCOME

    total $447 · related or exempt $447

  • 11e · Other revenue, total

    $447

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $153,947 · program services $153,947

  • 9 · Other employee benefits

    total $18,469 · program services $18,469

  • 10 · Payroll taxes

    total $10,949 · program services $10,949

  • 11a · Fees: management

    total $57,995 · program services $57,995

  • 11g · Fees: other

    total $257,375 · program services $257,375

  • 16 · Occupancy

    total $408,366 · program services $408,366

  • 22 · Depreciation, depletion and amortization

    total $311,187 · program services $311,187

  • 23 · Insurance

    total $97,480 · program services $97,480

  • 24a · Other expenses: SUPPLIES

    total $32,668 · program services $32,668

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $17,884 · management and general $17,884

  • 24c · Other expenses: MISCELLANEOUS

    total $9,595 · program services $9,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $263,091 · end of year $42,348

  • 2 · Savings and temporary cash investments

    beginning of year $16,719 · end of year $147,535

  • 4 · Accounts receivable

    beginning of year $15,478 · end of year $24,884

  • 9 · Prepaid expenses and deferred charges

    beginning of year $516 · end of year $165

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

    $7,495,579

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

    $5,851,030

  • 10c · Land, buildings and equipment, net

    beginning of year $1,934,367 · end of year $1,644,549

  • 15 · Other assets

    beginning of year $81,261 · end of year $133,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $255,551 · end of year $282,349

  • 19 · Deferred revenue

    beginning of year $5,009 · end of year $8,269

  • 23 · Secured mortgages and notes payable

    beginning of year $6,014,200 · end of year $6,014,200

  • 25 · Other liabilities

    beginning of year $154,882 · end of year $159,442

  • 27 · Net assets without donor restrictions

    beginning of year -$4,118,210 · end of year -$4,471,676

Mission and programs · 2023

Mission

TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY - 51 APARTMENTS LOCATED AT THE HARRY AND JEANETTE WEINBERG APARTMENTS 174-180 AVENUE A, NEW YORK, NY 10009

Activities or mission (Part I)

TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY

  • TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY - 51 APARTMENTS AT THE HARRY AND JEANETTE WEINBERG APARTMENTS, 174-178 AVENUE A, NEW YORK, NY 10009

    Expenses $1,358,031 · Revenue $1,014,974

As filed on the 2023 return.

Listed in Part VII

  • Anya Hoerburger

    VICE PRESIDENT

    Total calculated
    $347,171
    From this org
    $0
    From related orgs
    $314,324
    Other
    $32,847
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,928 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $9,686 related
    Nontaxable benefits
    $0 + $23,161 related
    Filer's total
    $0 + $347,171 related

  • Jill Olonoff

    TRUSTEE

    Total calculated
    $229,903
    From this org
    $0
    From related orgs
    $174,436
    Other
    $55,467
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,166 related
    Bonus
    $0
    Other
    $0 + $2,270 related
    Deferred
    $0 + $5,657 related
    Nontaxable benefits
    $0 + $49,810 related
    Filer's total
    $0 + $229,903 related

  • Mark Enselman

    SECRETARY/CFO

    Total calculated
    $239,646
    From this org
    $0
    From related orgs
    $231,488
    Other
    $8,158
    Hours/week
    2.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,542 related
    Bonus
    $0
    Other
    $0 + $2,946 related
    Deferred
    $0 + $6,892 related
    Nontaxable benefits
    $0 + $1,266 related
    Filer's total
    $0 + $239,646 related

  • Samuel Rosenblatt

    TREASURER

    Total calculated
    $0
    Hours/week
    1.1 + 2 related

  • Molly Murphy

    ASSISTANT SECRETARY

    Total calculated
    $242,383
    From this org
    $0
    From related orgs
    $233,333
    Other
    $9,050
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,000 related
    Bonus
    $0
    Other
    $0 + $333 related
    Deferred
    $0 + $7,050 related
    Nontaxable benefits
    $0 + $2,000 related
    Filer's total
    $0 + $242,383 related

  • Richard Baum

    PRESIDENT

    Total calculated
    $244,663
    From this org
    $0
    From related orgs
    $208,507
    Other
    $36,156
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,974 related
    Bonus
    $0
    Other
    $0 + $533 related
    Deferred
    $0 + $6,490 related
    Nontaxable benefits
    $0 + $29,666 related
    Filer's total
    $0 + $244,663 related

  • Jamaul Webster

    TRUSTEE/CHIEF DEV. OFF. (OUTGOING)

    Total calculated
    $236,934
    From this org
    $0
    From related orgs
    $230,033
    Other
    $6,901
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,801 related
    Bonus
    $0
    Other
    $0 + $232 related
    Deferred
    $0 + $6,894 related
    Nontaxable benefits
    $0 + $7 related
    Filer's total
    $0 + $236,934 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 FOR THE PRESIDENT IS ESTABLISHED BY THE RELATED ENTITY, THE EDUCATIONAL ALLIANCE, 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

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.

  • THE EDUCATIONAL ALLIANCE INC

    501(C)(3) · SOCIAL SERVICES · NY

  • ALLIANCE HOLDINGS INC

    501(C)(3) · AFFORDABLE HOUSING · NY

    Directly controlled by THE EDUCATIONAL ALLIANCE

  • EA FOUNDATION OF NEW YORK INC

    501(C)(3) · AFFORDABLE HOUSING · NY

    Directly controlled by THE EDUCATIONAL ALLIANCE

  • ALLIANCE HENRY HOUSING DEVELOPMENT FUND CORPORATION

    501(C)(3) · AFFORDABLE HOUSING · NY

    Directly controlled by ALLIANCE HOLDINGS 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.

  • 179 HENRY OWNER LLC

    AFFORDABLE HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501329349304230

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