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Nonprofiteer
← FREDONIA COMMONS AFFORDABLE HOUSING INC

Form 990 for tax year 2025

Filed by FREDONIA COMMONS AFFORDABLE HOUSING INC.

Totals

Total revenue
$266,639
Total expenses
$376,045
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$266,639
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,986,619
Total liabilities, end of year
$1,606,165
Net assets or fund balances, end of year
$380,454
Program services expenses (Part IX)
$331,290
Management and general expenses
$44,755
Fundraising expenses
$0
Program service expenses (Part III)
$331,290

Program services were 88.1% 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 $263,835 · related or exempt $263,835

  • 2b · Program service revenue: MISCELLANEOUS RENTAL INCOME

    total $2,804 · related or exempt $2,804

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,729 · management and general $21,729

  • 11b · Fees: legal

    total $1,707 · management and general $1,707

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 20 · Interest

    total $13,500 · program services $13,500

  • 22 · Depreciation, depletion and amortization

    total $119,792 · program services $119,792

  • 23 · Insurance

    total $33,763 · program services $33,763

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $109,038 · program services $109,038

  • 24b · Other expenses: ELECTRICITY & GAS

    total $21,670 · program services $21,670

  • 24c · Other expenses: WATER & SEWER

    total $21,048 · program services $21,048

  • 24d · Other expenses: MAINTENANCE SUPPLIES

    total $8,008 · program services $8,008

  • 24e · All other expenses

    total $19,290 · program services $4,471 · management and general $14,819

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,495 · end of year $8,934

  • 4 · Accounts receivable

    beginning of year $8,425 · end of year $2,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,682 · end of year $6,664

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

    $4,051,707

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

    $2,238,056

  • 10c · Land, buildings and equipment, net

    beginning of year $1,885,897 · end of year $1,813,651

  • 15 · Other assets

    beginning of year $157,639 · end of year $155,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $252,190 · end of year $280,371

  • 19 · Deferred revenue

    beginning of year $2,390 · end of year $1,393

  • 23 · Secured mortgages and notes payable

    beginning of year $1,350,000 · end of year $1,350,000

  • 25 · Other liabilities

    beginning of year -$30,302 · end of year -$25,599

  • 27 · Net assets without donor restrictions

    beginning of year $489,860 · end of year $380,454

Mission and programs · 2025

Mission

FREDONIA COMMONS IS A 37-UNIT AFFORDABLE HOUSING DEVELOPMENT IN THE VILLAGE OF FREDONIA, NEW YORK. IT IS A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

Activities or mission (Part I)

FREDONIA COMMONS IS A 37-UNIT AFFORDABLE HOUSING DEVELOPMENT LOCATED IN THE VILLAGE OF FREDONIA, NEW YORK. IT IS A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

  • FREDONIA COMMONS IS A 37-UNIT AFFORDABLE HOUSING DEVELOPMENT LOCATED IN THE VILLAGE OF FREDONIA, NEW YORK. IT IS A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

    Expenses $331,290 · Revenue $266,639

As filed on the 2025 return.

Listed in Part VII

  • Marie Carrubba

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patricia Moore

    TREASURER TI

    Total calculated
    $0
    Hours/week
    1

  • Robert Moore

    TREASURER AT

    Total calculated
    $0
    Hours/week
    1

  • Kevin O'Connell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Diane Hewitt-Johnson

    CEO

    Total calculated
    $0
    Hours/week
    1

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.

  • CHAUTAUQUA OPPORTUNITIES INC

    501C3 · POVERTY · NY

Provenance

Return type
form_990
Tax year
2025
Filed
6 April 2026
IRS schema version
2025v4.0
Source object
202631009349300013

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