Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $49,500

• 1c · Fundraising events

  $82,700

• 1e · Government grants (contributions)

  $3,279,149

• 1f · All other contributions, gifts and grants

  $506,455

• 1g · Noncash contributions included above

  $18,194

• 2a · Program service revenue: TECHNICAL ASSISTANCE SERVICES

  total $566,316 · related or exempt $566,316

• 2b · Program service revenue: APPLICATION, CLOSING & OTHER

  total $333,350 · related or exempt $333,350

• 3 · Investment income

  total $44,641 · excluded $44,641

• 7a · Gross sales of assets other than inventory

  securities $19,141 · other assets $699,954

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

  securities $15,398 · other assets $204,919

• 7c · Gain or loss

  securities $3,743 · other assets $495,035

• 7d · Net gain or loss

  total $498,778 · related or exempt $495,035 · excluded $3,743

• 8a · Fundraising events: gross income

  $16,250

• 8a · Fundraising events: contributions included on line 1c

  $82,700

• 8b · Fundraising events: direct expenses

  $26,030

• 8c · Net income from fundraising events

  total -$9,780 · excluded -$9,780

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,072 · program services $6,072

• 5 · Compensation of officers, directors and key employees

  total $976,279 · program services $636,166 · management and general $318,051 · fundraising $22,062

• 7 · Other salaries and wages

  total $1,652,720 · program services $1,047,090 · management and general $538,421 · fundraising $67,209

• 8 · Pension plan contributions

  total $84,131 · program services $52,605 · management and general $27,989 · fundraising $3,537

• 9 · Other employee benefits

  total $350,728 · program services $222,492 · management and general $115,843 · fundraising $12,393

• 10 · Payroll taxes

  total $175,233 · program services $114,186 · management and general $54,924 · fundraising $6,123

• 11b · Fees: legal

  total $55,000 · program services $35,189 · management and general $19,811

• 11c · Fees: accounting

  total $73,602 · program services $47,090 · management and general $26,512

• 11f · Fees: investment management

  total $1,684 · management and general $1,684

• 11g · Fees: other

  total $1,044,493 · program services $965,680 · management and general $74,300 · fundraising $4,513

• 12 · Advertising and promotion

  total $58,738 · program services $57,747 · management and general $304 · fundraising $687

• 13 · Office expenses

  total $128,556 · program services $73,931 · management and general $35,691 · fundraising $18,934

• 16 · Occupancy

  total $127,147 · program services $81,348 · management and general $41,729 · fundraising $4,070

• 17 · Travel

  total $14,120 · program services $10,106 · management and general $3,988 · fundraising $26

• 19 · Conferences, conventions and meetings

  total $11,833 · program services $7,626 · management and general $4,207

• 22 · Depreciation, depletion and amortization

  total $110,339 · program services $70,595 · management and general $39,744

• 23 · Insurance

  total $75,090 · program services $48,042 · management and general $24,467 · fundraising $2,581

• 24e · All other expenses

  total $291,467 · program services $262,878 · management and general $27,877 · fundraising $712

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,346,768 · end of year $2,016,505

• 2 · Savings and temporary cash investments

  beginning of year $1,663,450 · end of year $1,849,595

• 4 · Accounts receivable

  beginning of year $1,760,799 · end of year $1,665,985

• 9 · Prepaid expenses and deferred charges

  beginning of year $67,899 · end of year $61,323

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

  $850,533

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

  $679,640

• 10c · Land, buildings and equipment, net

  beginning of year $228,848 · end of year $170,893

• 11 · Investments: publicly traded securities

  beginning of year $3,997,491 · end of year $3,450,729

• 12 · Investments: other securities

  beginning of year $1,672,644 · end of year $1,401,382

• 15 · Other assets

  beginning of year $31,762 · end of year $676,455

• 17 · Accounts payable and accrued expenses

  beginning of year $583,239 · end of year $849,163

• 19 · Deferred revenue

  beginning of year $115,857 · end of year $111,792

• 21 · Escrow or custodial account liability

  beginning of year $1,428,060 · end of year $1,537,316

• 25 · Other liabilities

  beginning of year $4,536,646 · end of year $3,744,045

• 27 · Net assets without donor restrictions

  beginning of year $4,330,222 · end of year $4,234,512

• 28 · Net assets with donor restrictions

  beginning of year $775,637 · end of year $816,039

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7

IN 2022, EXECUTIVE OFFICERS APPROVED AN ANNUAL BONUS FOR THE NON-EXECUTIVE OFFICER IN THE AMOUNT REFLECTED IN PART VII OF FORM 990.

Related corporations and trusts

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

• LI SNR CITIZEN HSNG BROADWAY WEST

  C CORP · DEV RNT UN · NY · 100% owned

• LI SENIOR HSNG AT MEDFORD LANDING

  C CORP · DEV RNT UN · NY · 100% owned

• HG HOUSING DEVELOPMENT FUND CO INC

  C CORP · DEV RNT UN · NY · 100% owned

  Directly controlled by LIHP