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Nonprofiteer
← BELMONT HOUSING RESOURCES FOR WNY INC

Form 990 for tax year 2024

Filed by BELMONT HOUSING RESOURCES FOR WNY INC.

Totals

Total revenue
$9,045,879
Total expenses
$8,936,055
Contributions and grants received
$2,372,889
Grants paid
$0
Program service revenue
$5,926,363
Investment income
$310,481
Other revenue
$436,146
Total assets, end of year
$18,179,757
Total liabilities, end of year
$5,267,652
Net assets or fund balances, end of year
$12,912,105
Program services expenses (Part IX)
$7,991,446
Management and general expenses
$944,609
Fundraising expenses
$0
Program service expenses (Part III)
$7,991,446

Program services were 89.4% 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.

  • 1a · Federated campaigns

    $147,575

  • 1e · Government grants (contributions)

    $1,452,867

  • 1f · All other contributions, gifts and grants

    $772,447

  • 2a · Program service revenue: MANAGEMENT, CONSULTING

    total $5,926,363 · related or exempt $5,926,363

  • 3 · Investment income

    total $310,481 · excluded $310,481

  • 6a · Gross rents

    real property $699,485

  • 6b · Less rental expenses

    real property $341,071

  • 6c · Rental income or loss

    real property $358,414

  • 6d · Net rental income or loss

    total $358,414 · unrelated business $106,980 · excluded $251,434

  • 7a · Gross sales of assets other than inventory

    securities $153,000

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

    securities $153,000

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $77,732 · related or exempt $77,732

  • 11e · Other revenue, total

    $77,732

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $776,712 · program services $704,588 · management and general $72,124

  • 7 · Other salaries and wages

    total $4,882,541 · program services $4,426,413 · management and general $456,128

  • 8 · Pension plan contributions

    total $219,437 · program services $194,751 · management and general $24,686

  • 9 · Other employee benefits

    total $823,190 · program services $734,840 · management and general $88,350

  • 10 · Payroll taxes

    total $455,342 · program services $414,106 · management and general $41,236

  • 11b · Fees: legal

    total $5,545 · program services $4,376 · management and general $1,169

  • 11c · Fees: accounting

    total $67,131 · program services $52,982 · management and general $14,149

  • 11g · Fees: other

    total $234,009 · program services $205,006 · management and general $29,003

  • 12 · Advertising and promotion

    total $14,039 · program services $13,940 · management and general $99

  • 13 · Office expenses

    total $242,012 · program services $187,766 · management and general $54,246

  • 19 · Conferences, conventions and meetings

    total $42,955 · program services $40,974 · management and general $1,981

  • 20 · Interest

    total $88,064 · program services $68,774 · management and general $19,290

  • 22 · Depreciation, depletion and amortization

    total $181,669 · program services $131,345 · management and general $50,324

  • 23 · Insurance

    total $228,147 · program services $211,884 · management and general $16,263

  • 24a · Other expenses: UBI TAX PAID

    total $1,023 · program services $401 · management and general $622

  • 24b · Other expenses: BUILDING MAINTENANCE

    total $101,919 · program services $101,749 · management and general $170

  • 24c · Other expenses: POSTAGE & DELIVERY

    total $97,381 · program services $84,896 · management and general $12,485

  • 24d · Other expenses: TELEPHONE EXPENSE

    total $90,146 · program services $66,399 · management and general $23,747

  • 24e · All other expenses

    total $384,793 · program services $346,256 · management and general $38,537

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $984,052 · end of year $511,925

  • 4 · Accounts receivable

    beginning of year $1,656,786 · end of year $991,049

  • 7 · Other notes and loans receivable

    beginning of year $4,660,082 · end of year $4,799,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180,051 · end of year $193,201

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

    $7,267,852

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

    $1,428,229

  • 10c · Land, buildings and equipment, net

    beginning of year $5,994,496 · end of year $5,839,623

  • 11 · Investments: publicly traded securities

    beginning of year $3,622,795 · end of year $3,936,638

  • 15 · Other assets

    beginning of year $1,775,611 · end of year $1,907,796

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,817,761 · end of year $1,595,023

  • 23 · Secured mortgages and notes payable

    beginning of year $4,022,380 · end of year $3,184,776

  • 25 · Other liabilities

    beginning of year $478,538 · end of year $487,853

  • 27 · Net assets without donor restrictions

    beginning of year $12,544,999 · end of year $12,902,110

  • 28 · Net assets with donor restrictions

    beginning of year $10,195 · end of year $9,995

Mission and programs · 2024

Mission

OUR MISSION IS TO EXPAND AFFORDABLE HOUSING OPPORTUNITES IN WESTERN NEW YORK BY ASSISTING LOW AND MODERATE INCOME HOUSEHOLDS TO OBTAIN HOUSING, BY PRODUCING AND PRESERVING HOUSING UNITS, AND BY PROFESSIONALLY MANAGING AFFORDABLE HOUSING.

Activities or mission (Part I)

OUR MISSION IS TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES IN WESTERN NEW YORK BY ASSISTING LOW AND MODERATE INCOME HOUSEHOLDS TO OBTAIN HOUSING, BY PRODUCING AND PRESERVING HOUSING UNITS, AND BY PROFESSIONALLY MANAGING AFFORDABLE HOUSING.

  • SEE DETAILED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS FOR LINE #4A ON SCHEDULE O.

    Expenses $5,388,974 · Revenue $5,080,566

  • SEE DETAILED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS FOR LINE #4B ON SCHEDULE O.

    Expenses $1,488,416 · Revenue $400,333

  • SEE DETAILED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS FOR LINE #4C ON SCHEDULE O.

    Expenses $1,114,056 · Revenue $523,196

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRUCE C BAIRD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ED NEGRON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH HUCKABONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RODNEY RICHARDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS ULBRICH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JILL SZALACH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLY PATTERSON

    BOARD MEMBER/BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DONNA MOSTILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT DELUCA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAMELA BERGER

    VICE PRESIDENT/SECRETARY

    Total calculated
    $157,732
    From this org
    $143,765
    From related orgs
    $0
    Other
    $13,967
    Hours/week
    31 + 4 related

    Schedule J breakdown matched by us

    Base
    $143,765
    Bonus
    $0
    Other
    $0
    Deferred
    $7,271
    Nontaxable benefits
    $6,696
    Filer's total
    $157,732

  • AARON HEJMOWSKI

    CFO/BOARD TREASURER

    Total calculated
    $159,781
    From this org
    $152,069
    From related orgs
    $0
    Other
    $7,712
    Hours/week
    31 + 4 related

    Schedule J breakdown matched by us

    Base
    $152,069
    Bonus
    $0
    Other
    $0
    Deferred
    $7,712
    Nontaxable benefits
    $0
    Filer's total
    $159,781

  • MICHAEL D RIEGEL

    PRESIDENT

    Total calculated
    $219,456
    From this org
    $191,662
    From related orgs
    $0
    Other
    $27,794
    Hours/week
    31 + 4 related

    Schedule J breakdown matched by us

    Base
    $191,662
    Bonus
    $0
    Other
    $0
    Deferred
    $9,674
    Nontaxable benefits
    $18,120
    Filer's total
    $219,456

  • BRAD PACKARD

    CHIEF OPERATING OFFICER

    Total calculated
    $169,755
    From this org
    $161,644
    From related orgs
    $0
    Other
    $8,111
    Hours/week
    31 + 4 related

    Schedule J breakdown matched by us

    Base
    $161,644
    Bonus
    $0
    Other
    $0
    Deferred
    $8,111
    Nontaxable benefits
    $0
    Filer's total
    $169,755

  • JOYELLE TEDESCHI

    VP OF HOUSING

    Total calculated
    $152,357
    From this org
    $127,572
    From related orgs
    $0
    Other
    $24,785
    Hours/week
    31 + 4 related

    Schedule J breakdown matched by us

    Base
    $127,572
    Bonus
    $0
    Other
    $0
    Deferred
    $6,665
    Nontaxable benefits
    $18,120
    Filer's total
    $152,357

  • LYNN AUGUSTYNIAK

    HUMAN RESOURCES MANAGER

    Total calculated
    $114,813
    From this org
    $102,896
    From related orgs
    $0
    Other
    $11,917
    Hours/week
    40

  • ERIC SCHIFFMAN

    SENIOR HOUSING REHAB PROGRAMS MANAGER

    Total calculated
    $125,019
    From this org
    $102,280
    From related orgs
    $0
    Other
    $22,739
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BELMONT ARTSPACE LLC

    PROVIDE AFFORDABLE HOUSING OPPOURTUNITIES · NY · income $0 · assets $50,992

    Directly controlled by BELMONT HOUSING RESOURCES FOR WNY INC

  • ALBERTA PLACE MM LLC

    PROVIDE AFFORDABLE HOUSING OPPOURTUNITIES · NY · income $0 · assets $2,580,526

    Directly controlled by WOODLAND GENERAL INC

  • TRUE BETHEL COMMONS MM LLC

    PROVIDE AFFORDABLE HOUSING OPPOURTUNITIES · NY · income $0 · assets $4,768,653

    Directly controlled by WOODLAND GENERAL INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ALBERTA PLACE LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $2,580,526 · general or managing partner

    Directly controlled by ALBERTA PLACE MM LLC

  • ARTSPACE AFFORDABLE HOUSING I LP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · share of assets $50,992 · general or managing partner

    Directly controlled by BELMONT ARTSPACE LLC

  • BELLAMY COMMONS LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $1,557,196 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • CAMBRIA COMMONS LIMITED PARTNERSHIP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 1% owned · share of assets $150,617 · general or managing partner

    Directly controlled by BELMONT HOUSING RESOURCES FOR WNY INC

  • COLONY RUN TOWNHOUSES LP

    PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · general or managing partner

  • EAST SIDE HOUSING LP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $1,295,767 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • ELIM TOWNHOMES MM LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 51% owned · share of assets $2,045,989 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • ELIM TOWNHOMES LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.5% owned · share of assets $4,011,741 · general or managing partner

    Directly controlled by ELIM TOWNHOMES MM LLC

  • LANCASTER LIMITED PARTNERSHIP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 1% owned · share of assets $90,815 · general or managing partner

    Directly controlled by BELMONT HOUSING RESOURCES FOR WNY INC

  • SHAWNEE LANDING TOWNHOUSES LP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $3,391,435 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • SOUTHWIND LANDING APARTMENTS LP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $159,718 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • TRUE BETHEL TOWNHOMES MM LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 51% owned · share of assets -$27 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • TRUE BETHEL TOWNHOMES LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $8,948 · general or managing partner

    Directly controlled by TRUE BETHEL TOWNHOMES MM LLC

  • WOODLAND PLACE APARTMENTS LP

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $2,261,100 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

  • TRUE BETHEL COMMONS LLC

    RELATED · PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY · 0.01% owned · share of assets $4,768,653 · general or managing partner

    Directly controlled by WOODLAND GENERAL INC

Related corporations and trusts

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

  • ATTICA COLONY INC

    C · PROVIDE AFFORDABLE HOUSING OPPORTUNITIES · NY

  • WOODLAND GENERAL INC

    C · PROVIDE AFFORDABLE HOUSING OPPORTUNITIES · NY · 100% owned · share of income $6,602 · share of assets $1,810,221 · controlled entity

    Directly controlled by BELMONT HOUSING RESOURCES FOR WNY INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202543219349303259

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