Bensonhurst Housing For The Elderly
- Assets
- $5.5m
- Revenue
- $242.6k
- Investments
- $5.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1993
- Data as of
- 12/2022
- EIN
- 11-2947221
Organization Overview
Bensonhurst Housing For The Elderly is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bensonhurst Housing For The Elderly is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bensonhurst Housing For The Elderly generated $242.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENSONHURST HOUSING DEVELOPMENT FUND COMPANY, INC. HOLDS A SELLER NOTE FROM BENSONHURST HOUSING, L.P. THE PARTNERSHIP OWNS AND OPERATES A MULTIFAMILY HOUSING PROPERTY IN ORDER TO PROVIDE AFFORDABLE LOW-INCOME HOUSING FOR THE ELDERLY. THE ENTITY OWNS THE FEE TITLE TO THIS PROJECT AS NOMINEE OF THE PARTNERSHIP. THE PARTNERSHIP'S PAYMENT ON THE NOTE SUPPORTS THE CHARITABLE PURPOSE OF THIS ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Balko Director | 0.5 | $0 | |
Eli S Feldman Chairperson | 0.5 | $0 | |
Jonathan Gold Vice Chair | 0.5 | $0 | |
Alex Budnitsky Director | 0.5 | $0 | |
David Wagner Director | 0.5 | $0 | |
David Koschitzki Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $242,611 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $242,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,295 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,877 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,513,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,519,576 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,460 |
| Total liabilities | $14,460 |