Form 990 for tax year 2023
Filed by BETTER HOUSING FOR TOMPKINS COUNTY INC.
Totals
- Total revenue
- $2,409,142
- Total expenses
- $2,332,880
- Contributions and grants received
- $105,805
- Grants paid
- $0
- Program service revenue
- $2,301,449
- Investment income
- $1,888
- Other revenue
- $0
- Total assets, end of year
- $10,704,668
- Total liabilities, end of year
- $8,912,235
- Net assets or fund balances, end of year
- $1,792,433
- Program services expenses (Part IX)
- $710,616
- Management and general expenses
- $1,622,264
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $710,616
Program services were 30.5% 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)
$105,805
-
2a · Program service revenue: MANAGEMENT FEE INCOME
total $1,575,980 · related or exempt $1,575,980
-
2b · Program service revenue: RENTAL INCOME
total $617,761 · related or exempt $617,761
-
2c · Program service revenue: FMHA INTEREST SUBSIDY
total $92,086 · related or exempt $92,086
-
2d · Program service revenue: OTHER INCOME
total $15,622 · related or exempt $15,622
-
3 · Investment income
total $1,888 · excluded $1,888
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,204,715 · management and general $1,204,715
-
9 · Other employee benefits
total $228,875 · management and general $228,875
-
10 · Payroll taxes
total $96,490 · management and general $96,490
-
11b · Fees: legal
total $19,832 · program services $17,332 · management and general $2,500
-
11c · Fees: accounting
total $22,000 · program services $750 · management and general $21,250
-
11g · Fees: other
total $24,459 · program services $2,775 · management and general $21,684
-
12 · Advertising and promotion
total $189 · management and general $189
-
13 · Office expenses
total $9,685 · program services $2,510 · management and general $7,175
-
16 · Occupancy
total $112,937 · program services $112,937
-
17 · Travel
total $9,460 · program services $225 · management and general $9,235
-
20 · Interest
total $147,716 · program services $147,716
-
22 · Depreciation, depletion and amortization
total $159,361 · program services $159,361
-
23 · Insurance
total $31,824 · program services $31,824
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $100,154 · program services $100,154
-
24b · Other expenses: BAD DEBT EXPENSE
total $35,953 · program services $35,953
-
24c · Other expenses: ASSESSMENTS & TAXES
total $31,006 · program services $30,919 · management and general $87
-
24d · Other expenses: PROPERTY MANAGEMENT
total $27,625 · program services $27,625
-
24e · All other expenses
total $70,599 · program services $40,535 · management and general $30,064
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $130,505 · end of year $423,272
-
2 · Savings and temporary cash investments
beginning of year $251,614 · end of year $420,553
-
4 · Accounts receivable
beginning of year $29,769 · end of year $2,746
-
7 · Other notes and loans receivable
beginning of year $157,498 · end of year $139,608
-
9 · Prepaid expenses and deferred charges
beginning of year $6,593 · end of year $50,742
-
10a · Land, buildings and equipment: cost or other basis
$11,801,959
-
10b · Land, buildings and equipment: accumulated depreciation
$2,357,019
-
10c · Land, buildings and equipment, net
beginning of year $1,479,628 · end of year $9,444,940
-
15 · Other assets
beginning of year $244,971 · end of year $222,807
-
17 · Accounts payable and accrued expenses
beginning of year $107,274 · end of year $404,841
-
19 · Deferred revenue
beginning of year $1,124 · end of year $1,174
-
23 · Secured mortgages and notes payable
beginning of year $2,512,839 · end of year $8,219,074
-
25 · Other liabilities
beginning of year $256,099 · end of year $287,146
-
27 · Net assets without donor restrictions
beginning of year -$766,115 · end of year $1,613,053
-
28 · Net assets with donor restrictions
beginning of year $189,357 · end of year $179,380
Mission and programs · 2023
Mission
DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.
-
RENT AND MANAGED AFFORDABLE RENTAL HOUSING UNITS TO LOW-MODERATE HOUSEHOLDS IN SERVICE AREA.
Expenses $710,616 · Revenue $2,301,449
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael CannonMICHAEL CANNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Nicole Carrier-TittiNICOLE CARRIER-TITTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Julee JohnsonJULEE JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Sharon D MaloneSHARON D MALONE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
H Matthys Van CortH MATTHYS VAN CORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Brendan WilburBRENDAN WILBUR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Lacey LentLACEY LENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Jeremy ThomasJEREMY THOMAS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Lisa NicholasLISA NICHOLAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Maureen AbbottMAUREEN ABBOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Cooper SirwatkaCOOPER SIRWATKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Cristine DonovanCRISTINE DONOVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Steven WoodsSTEVEN WOODS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Johanna AndersonJOHANNA ANDERSON
EXECUTIVE DIRECTOR (PART YEAR)
- Total calculated
- $84,445
- From this org
- $0
- From related orgs
- $80,141
- Other
- $4,304
- Hours/week
- 13 + 23 related
-
Scott ReynoldsSCOTT REYNOLDS
DIRECTOR OF INFORMATION TE
- Total calculated
- $116,925
- From this org
- $0
- From related orgs
- $107,145
- Other
- $9,780
- Hours/week
- 13 + 23 related
-
Patricia PaolangeliPATRICIA PAOLANGELI
DIRECTOR OF FINANCE
- Total calculated
- $152,614
- From this org
- $0
- From related orgs
- $132,026
- Other
- $20,588
- Hours/week
- 13 + 23 related
Schedule J breakdown matched by us
- Base
- $0 + $132,026 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,619 related
- Nontaxable benefits
- $0 + $14,969 related
- Filer's total
- $0 + $152,614 related
-
Lynn TruameLYNN TRUAME
DIRECTOR OF REAL ESTATE DE
- Total calculated
- $108,234
- From this org
- $0
- From related orgs
- $104,071
- Other
- $4,163
- Hours/week
- 13 + 23 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)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S JOB PERFORMANCE ANNUALLY. ANY RECOMMENDED SALARY INCREASE IS APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION UTILIZES INDEPENDENT COMPENSATION REPORTS PREPARED BY HUMAN RESOURCE COALITION AND NEIGHBORWORKS OF AMERICA FOR COMPARATIVE ANALYSIS.
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.
-
ITHACA NEIGHBORHOOD HOUSING SERVICES INC
501(C)(3) · HOUSING DEVELOPMENT · 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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BETTER HOUSING DEVELOPMENT CORP
C · HOUSING DEVELOPMENT · NY · 100% owned · share of income $10,563 · share of assets $73,645
-
PINE VIEW CIRCLE MM INC
C · HOUSING DEVELOPMENT · NY · 100% owned · share of income $20,635 · share of assets $481,008
-
PINE VIEW CIRCLE HOUSING DEVELOPMENT FUND CORPORATION
C · HOUSING DEVELOPMENT · NY · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412609349300606
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