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Nonprofiteer
← NORTH STAR HOUSING INC

Form 990 for tax year 2023

Filed by NORTH STAR HOUSING INC.

Totals

Total revenue
$447,762
Total expenses
$289,761
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$447,456
Investment income
$306
Other revenue
$0
Total assets, end of year
$4,200,674
Total liabilities, end of year
$2,558,529
Net assets or fund balances, end of year
$1,642,145
Program services expenses (Part IX)
$274,469
Management and general expenses
$15,292
Fundraising expenses
$0
Program service expenses (Part III)
$274,469

Program services were 94.7% 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 $447,456 · related or exempt $447,456

  • 3 · Investment income

    total $306 · excluded $306

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $14,710 · management and general $14,710

  • 20 · Interest

    total $115,898 · program services $115,898

  • 22 · Depreciation, depletion and amortization

    total $158,571 · program services $158,571

  • 24a · Other expenses: MISCELLANEOUS

    total $582 · management and general $582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,409 · end of year $7,409

  • 2 · Savings and temporary cash investments

    beginning of year $7,513 · end of year $7,817

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

    $6,932,150

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

    $3,176,167

  • 10c · Land, buildings and equipment, net

    beginning of year $3,787,121 · end of year $3,755,983

  • 15 · Other assets

    beginning of year $458,476 · end of year $429,465

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,746 · end of year $113,269

  • 23 · Secured mortgages and notes payable

    beginning of year $2,654,786 · end of year $2,370,417

  • 25 · Other liabilities

    beginning of year $74,843 · end of year $74,843

  • 27 · Net assets without donor restrictions

    beginning of year $1,484,144 · end of year $1,642,145

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PERSONS, PROMOTE ECONOMIC DEVELOPMENT IN THOSE COMMUNITIES BY PLANNING, DEVELOPING OR MANAGING PROJECTS THAT ATTRACT COMMERCIAL AND BUSINESS DEVELOPMENT, AND INCREASE JOB OPPORTUNITIES FOR LOW INCOME RESIDENTS BOTH DIRECTLY AND THROUGH WORKING WITH PRIVATE EMPLOYERS.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PERSONS AND PROMOTE ECONOMIC DEVELOPMENT BY PLANNING, DEVELOPING, OR MANAGING PROJECTS THAT ATTRACT COMMERCIAL AND BUSINESS DEVELOPMENT.

  • AFFORDABLE HOUSING - PROVIDE HOUSING THAT IS AFFORDABLE FOR LOW-INCOME PERSONS

    Expenses $274,469 · Revenue $447,456

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Belzer

    TRUSTEE (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Gail Weiss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • James Davidson

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Michael Doherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Eric Rosenbaum

    PRESIDENT & CEO

    Total calculated
    $414,381
    From this org
    $0
    From related orgs
    $372,632
    Other
    $41,749
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,346 related
    Bonus
    $0
    Other
    $0 + $2,286 related
    Deferred
    $0 + $7,279 related
    Nontaxable benefits
    $0 + $34,470 related
    Filer's total
    $0 + $414,381 related

  • Paul Woody

    CHIEF REAL ESTATE

    Total calculated
    $223,667
    From this org
    $0
    From related orgs
    $210,994
    Other
    $12,673
    Hours/week
    0.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,814 related
    Bonus
    $0
    Other
    $0 + $180 related
    Deferred
    $0 + $4,823 related
    Nontaxable benefits
    $0 + $7,850 related
    Filer's total
    $0 + $223,667 related

  • Steven Jones

    CFO

    Total calculated
    $302,881
    From this org
    $0
    From related orgs
    $276,167
    Other
    $26,714
    Hours/week
    1 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,898 related
    Bonus
    $0
    Other
    $0 + $14,269 related
    Deferred
    $0 + $6,257 related
    Nontaxable benefits
    $0 + $20,457 related
    Filer's total
    $0 + $302,881 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)

SCHEDULE J, PART II:
AMOUNT IN PART II COLUMN (B)(III) FOR STEVEN JONES REPRESENTS CONTRIBUTIONS TO A 457(B) PLAN. THE COMPENSATION OF THE PRESIDENT/CEO IS ESTABLISHED BY THE RELATED ENTITY, PROJECT RENEWAL 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.

  • 141 NICHOLAS HOUSING DEVELOPMENT FUND CORP

    501(C)(3) · OPERATING A LOW INCOME HOUSING FACILITY · NY

    Directly controlled by PROJECT RENEWAL FUND INC

  • 2880 JEROME AVE HDFC

    501(C)(4) · PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS · NY

    Directly controlled by PROJECT RENEWAL INC

  • BRONX BOULEVARD HDFC

    501(C)(4) · PROVIDING HOUSING FOR MEN WITH MENTAL ILLNESS · NY

    Directly controlled by PROJECT RENEWAL INC

  • HOLLAND HOTEL HOUSING DEVELOPMENT FUND CORP

    501(C)(3) · PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS · NY

    Directly controlled by PROJECT RENEWAL FUND INC

  • MANHATTAN BOWERY MANAGEMENT CORPORATION

    501(C)(3) · PROVIDE JOB TRAINING AND REHABILITATION FOR FORMER ALCOHOLICS · NY

    Directly controlled by PROJECT RENEWAL FUND INC

  • PROJECT RENEWAL INC

    501(C)(3) · PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS · NY

  • PRI HEALTHCARE INC

    501(C)(3) · PROVIDING A TREATMENT CENTER · NY

    Directly controlled by PROJECT RENEWAL FUND INC

  • PRI VILLA AVENUE HDFC

    501(C)(4) · OPERATING A LOW INCOME HOUSING FACILITY · NY

    Directly controlled by PROJECT RENEWAL INC

  • PROJECT RENEWAL FUND INC

    501(C)(3) · PROVIDING SERVICES TO HOMELESS AND FORMERLY HOMELESS · NY

  • PROJECT RENEWAL HDFC

    501(C)(3) · PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS · NY

    Directly controlled by PROJECT RENEWAL INC

  • 161 LEXINGTON HDFC

    501(C)(4) · PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS · NY · controlled entity

    Directly controlled by PROJECT RENEWAL INC

  • NEW PROVIDENCE HDFC

    501(C)(4) · PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS · NY · controlled entity

    Directly controlled by PROJECT RENEWAL INC

  • 10 MINERVA PLACE HDFC

    OPERATING A LOW INCOME HOUSING FACILITY · NY

    Directly controlled by PROJECT RENEWAL 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.

  • 10 MINERVA PLACE LP

    OPERATING THE MINERVA PLACE PROJECT FOR LOW INCOME TENANTS · NY · general or managing partner

  • MRG PARTNERS LP

    OPERATING THE STARTING HOME PROJECT FOR LOW INCOME TENANTS · NY

  • PRI VILLA AVENUE LP

    OPERATING THE VILLA AVENUE PROJECT FOR LOW INCOME TENANTS · NY · general or managing partner

  • ST NICHOLAS HOUSE LIMITED PARTNERSHIP

    OPERATING THE ST. NICHOLAS HOUSE PROJECT FOR LOW INCOME TENANTS · NY

  • WASHINGTON FLETCHER OMH LP

    OPERATING THE WASHINGTON AVENUE PROJECT FOR LOW INCOME TENANTS · NY · general or managing partner

  • 2880 JEROME AVE LP

    OPERATING THE 2880 JEROME PROJECT FOR LOW INCOME TENANTS · NY · general or managing partner

Related corporations and trusts

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

  • 10 MINERVA PLACE GP

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • STARTING HOMES INC

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • PRI VILLA AVENUE GP INC

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • VILLA RENEWAL INC

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • WASHINGTON FLETCHER OMH CORPORATION

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • PROJECT RENEWAL VILLA AVENUE GP

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • ST NICHOLAS HOUSE GP CORP

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

  • 2880 JEROME AVE GP INC

    C · OPERATING A LOW INCOME HOUSING FACILITY · NY

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531359349314163

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