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Nonprofiteer
← HAVEN PLAZA HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by HAVEN PLAZA HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,052,873
Total expenses
$45,756
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,003,331
Investment income
$49,542
Other revenue
$0
Total assets, end of year
$19,637,315
Total liabilities, end of year
$2,515,005
Net assets or fund balances, end of year
$17,122,310
Program services expenses (Part IX)
$45,756
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$45,756

Program services were 100.0% 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: SELLERS NOTE

    total $809,331 · related or exempt $809,331

  • 2b · Program service revenue: GROUND LEASE RENT INCO

    total $194,000 · related or exempt $194,000

  • 3 · Investment income

    total $49,542 · related or exempt $49,542

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $37,500 · program services $37,500

  • 11c · Fees: accounting

    total $6,750 · program services $6,750

  • 23 · Insurance

    total $1,506 · program services $1,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $670,971 · end of year $249,998

  • 2 · Savings and temporary cash investments

    beginning of year $151 · end of year $153

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,389 · end of year $16,389

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

    $24,083

  • 10c · Land, buildings and equipment, net

    beginning of year $24,083 · end of year $24,083

  • 15 · Other assets

    beginning of year $17,918,604 · end of year $19,346,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,035 · end of year $8,035

  • 25 · Other liabilities

    beginning of year $2,506,970 · end of year $2,506,970

  • 27 · Net assets without donor restrictions

    beginning of year $16,115,193 · end of year $17,122,310

Mission and programs · 2023

Mission

GROUND LEASE AGREEMENT WITH A LOW INCOME HOUSING PROJECT AND PROVIDE SUPPORT TO AN EXEMPT ORGANIZATION ORGANIZED UNDER SECTION 170 (B) (1) (A) (I) WHOSE PURPOSE IS TO ASSURE THE MAINTENANCE AND DEVELOPMENT OF QUALITY AFFORDABLE HOUSING BY PROVIDING SERVICES TO ORGANIZATION-SPONSORED HOUSING PROJECTS OWNED BY NON-PROFIT HOUSING DEVELOPMENT AND FINANCE COMPANIES, INCLUDING THE PRESERVATION AND REHABILITATION OF EXISTING AFFORDABLE HOUSING UNITS, DEVELOPMENT OF NEW AFFORDABLE HOUSING UNITS ON VACANT OR UNDERUTILIZED ORGANIZATION-OWNED PROPERTIES.

Activities or mission (Part I)

GROUND LEASE AGREEMENT WITH A LOW INCOME HOUSING PROJECT AND PROVIDE SUPPORT TO AN EXEMPT ORGANIZATION WHOSE PURPOSE IS TO MAINTAIN AND DEVELOP AFFORDABLE HOUSING.

  • GROUND LEASE AGREEMENT WITH A LOW INCOME HOUSING PROJECT THAT OWNS AND OPERATES 371 RENTAL APARTMENTS FOR PERSONS WITH VERY LOW INCOME WHICH IT PREVIOUSLY OWNED THROUGH MARCH 17, 2011.

    Expenses $45,756 · Revenue $1,052,873

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

Listed in Part VII

  • MONSIGNOR KEVIN NELAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • GEORGE HORTON

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • LISA PETRUCCO

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ROBERT ROSSI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • REVEREND LORENZO LABOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2024
IRS schema version
2023v5.1
Source object
202402279349301660

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