General Chauncey M Hooper Towers Housing Development Fund Co Inc
- Assets
- $6.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 12/1982
- Data as of
- 09/2023
- EIN
- 13-3140546
Organization Overview
General Chauncey M Hooper Towers Housing Development Fund Co Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, General Chauncey M Hooper Towers Housing Development Fund Co Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Chauncey M Hooper Towers Housing Development Fund Co Inc 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 09/2023, General Chauncey M Hooper Towers Housing Development Fund Co Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO SENIOR CITIZENS AND HANDICAPPED PERSONS OF LOW INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROJECT FOR SENIOR CITIZENS AND HANDICAPPED PERSONS OF LOW INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darnley Beckles President | OfficerTrustee | 5 | $0 |
Donald Singletary Treasurer | OfficerTrustee | 2 | $0 |
Donald Eaton III Board Member | Trustee | 1 | $0 |
Harold Muller Vice-President | OfficerTrustee | 1 | $0 |
Geoffrey E Eaton Vice-President | OfficerTrustee | 1 | $0 |
Allison Eaton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,077 |
| Total Program Service Revenue | $2,119,547 |
| Investment income | $27,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,269,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,285 |
| Payroll taxes | $16,749 |
| Fees for services: Management | $69,078 |
| Fees for services: Legal | $10,683 |
| Fees for services: Accounting | $52,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,768 |
| Advertising and promotion | $0 |
| Office expenses | $50,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,943 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $374,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526,160 |
| Insurance | $97,748 |
| All other expenses | $32,199 |
| Total functional expenses | $2,393,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102,227 |
| Net Land, buildings, and equipment | $3,308,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $321,562 |
| Other assets | $2,192,069 |
| Total assets | $6,419,975 |
| Accounts payable and accrued expenses | $335,229 |
| Grants payable | $0 |
| Deferred revenue | $4,978 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,361,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,885 |
| Total liabilities | $10,756,308 |
| Net assets without donor restrictions | -$4,336,333 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,419,975 |