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Nonprofiteer
← THE MULFORD CORPORATION

Form 990 for tax year 2023

Filed by THE MULFORD CORPORATION.

Totals

Total revenue
$2,071,885
Total expenses
$3,659,649
Contributions and grants received
$76,500
Grants paid
$489,309
Program service revenue
$1,910,792
Investment income
$84,593
Other revenue
$0
Total assets, end of year
$19,695,138
Total liabilities, end of year
$663,452
Net assets or fund balances, end of year
$19,031,686
Program services expenses (Part IX)
$3,384,027
Management and general expenses
$264,141
Fundraising expenses
$11,481
Program service expenses (Part III)
$3,384,027

Program services were 92.5% 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.

  • 1e · Government grants (contributions)

    $72,000

  • 1f · All other contributions, gifts and grants

    $4,500

  • 2a · Program service revenue: DEVELOPER FEES

    total $1,910,792 · related or exempt $1,910,792

  • 3 · Investment income

    total $84,593 · excluded $84,593

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $489,309 · program services $489,309

  • 6 · Compensation of disqualified persons

    total $1,227,343 · program services $1,227,343

  • 11b · Fees: legal

    total $19,058 · management and general $19,058

  • 11c · Fees: accounting

    total $79,400 · management and general $79,400

  • 11e · Fees: professional fundraising services

    total $11,481 · fundraising $11,481

  • 11g · Fees: other

    total $83,048 · program services $83,048

  • 13 · Office expenses

    total $122,715 · program services $1,727 · management and general $120,988

  • 14 · Information technology

    total $5,110 · management and general $5,110

  • 16 · Occupancy

    total $3,780 · management and general $3,780

  • 17 · Travel

    total $1,971 · program services $1,971

  • 23 · Insurance

    total $5,115 · management and general $5,115

  • 24a · Other expenses: ASSET MANAGEMENT SERVIC

    total $693,210 · program services $693,210

  • 24b · Other expenses: INSPECTIONS

    total $590,272 · program services $590,272

  • 24c · Other expenses: PROJECT CONSULTING AND

    total $295,908 · program services $295,908

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $30,690 · management and general $30,690

  • 24e · All other expenses

    total $1,239 · program services $1,239

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185,447 · end of year $186,115

  • 2 · Savings and temporary cash investments

    beginning of year $3,879,969 · end of year $2,293,799

  • 4 · Accounts receivable

    beginning of year $15,248,724 · end of year $16,304,736

  • 9 · Prepaid expenses and deferred charges

    beginning of year $194,547 · end of year $339,114

  • 12 · Investments: other securities

    beginning of year $363,781 · end of year $363,781

  • 15 · Other assets

    beginning of year $180,574 · end of year $207,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $541,257 · end of year $663,452

  • 27 · Net assets without donor restrictions

    beginning of year $19,511,785 · end of year $19,031,686

Mission and programs · 2023

Mission

TO SUPPORT THE GOVERNMENTAL ACTIVITIES AND GOALS OF THE MUNICIPAL HOUSING FOR THE CITY OF YONKERS, NY.

  • PROVIDES SOCIAL SERVICES TO RESIDENTS OF THE LOW AND MODERATE INCOME HOUSING PROJECTS OPERATED BY THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING, TO RAISE FUNDS TO SUPPLEMENT MHACY'S LOW-INCOME HOUSING PROJECTS.

    Expenses $3,384,027 · Grants $489,309 · Revenue $1,910,792

As filed on the 2023 return.

Listed in Part VII

  • James J Landy

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joan Deierlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John J McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edgar Santana Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Schopfer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean Tickell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wilson Kimball

    PRESIDENT & CEO

    Total calculated
    $278,478
    From this org
    $0
    From related orgs
    $275,428
    Other
    $3,050
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,428 related
    Bonus
    $0
    Other
    $0 + $40,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,050 related
    Filer's total
    $0 + $278,478 related

  • John Liszewski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carlos Laboy-Diaz

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brian Sweeney

    SECRETARY

    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. 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

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

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.

  • CITY OF YONKERS

    SECTION 115 · GOVERNMENT AGENCY · NY

  • MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS

    SECTION 115 · GOVERNMENT AGENCY · NY

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.

  • SEVEN TOWNHOMES LP

    RELATED · HOUSING · NY · 0.01% owned

    Directly controlled by MHACY TOWNHOMES GP LLC

  • TROY KRISTENSEN LP

    RELATED · HOUSING · NY · 0.01% owned

    Directly controlled by TROY KRISTENSEN GP LLC

  • GRANT PARK II LP

    RELATED · HOUSING · NY · 0.01% owned

    Directly controlled by ASHBURTON SERVICES HOUSING INC

  • 188 WARBURTON DEVELOPERS LLC

    RELATED · HOUSING · NY · 30% owned

    Directly controlled by ASHBURTON SERVICES HOUSING INC

  • PS 6 GP LLC

    RELATED · HOUSING · NY · 0.05% owned

    Directly controlled by ASHBURTON SERVICES HOUSING INC

  • CALCAGNO PRESERVATION PARTNERS LLC

    RELATED · HOUSING · NY · 0.1% owned · general or managing partner

    Directly controlled by THE MULFORD CORPORATION

Related corporations and trusts

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

  • TROY KRISTENSEN GP LLC

    C · HOUSING · NY · 100% owned · share of income $4 · share of assets $367,324 · controlled entity

    Directly controlled by MULFORD CORPORATION

  • ASHBURTON SENIOR HOUSING INC

    C · HOUSING · NY · 100% owned · share of assets $3,027 · controlled entity

    Directly controlled by MULFORD CORPORATION

  • MULFORD YONKERS PRESERVATION LLC

    C · HOUSING · NY · 100% owned · controlled entity

    Directly controlled by MULFORD CORPORATION

  • MHACY TOWNHOMES GP LLC

    C · HOUSING · NY · 100% owned · controlled entity

    Directly controlled by MULFORD CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349322842

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