C A L B C Housing Development Fund Co Inc
- Assets
- $3.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Jamaica, NY
- Founding
- 04/1997
- Data as of
- 09/2020
- EIN
- 13-3173604
Organization Overview
C A L B C Housing Development Fund Co Inc is located in Jamaica, NY. The organization was established in 1997. 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. As of 09/2020, C A L B C Housing Development Fund Co Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C A L B C 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 09/2020, C A L B C Housing Development Fund Co Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY AND THE HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR THE ELDERLY PERSONS AND THE DISABLED
PROVIDED HOUSING FOR THE ELDERLY PERSONS AND THE DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary F Mills 1st. Vice Chairperson | Trustee | 1 | $0 |
Cynthia Basden 2nd. Vice Chairperson | Trustee | 1 | $0 |
Lonnie L Adams Treasurer | Trustee | 1 | $0 |
Della Johnson Secretary | Trustee | 1 | $0 |
Ethel Devone Assistant Treasurer | Trustee | 1 | $0 |
Rosalie-Walker Garrett Assistant Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,754 |
| 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 | $1,510,393 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $127,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,554 |
| Payroll taxes | $18,584 |
| Fees for services: Management | $71,400 |
| Fees for services: Legal | $1,045 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $474,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,240 |
| Insurance | $67,322 |
| All other expenses | $0 |
| Total functional expenses | $1,586,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,824 |
| Savings and temporary cash investments | $313,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,687 |
| 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 | $5,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,080 |
| Total assets | $3,350,168 |
| Accounts payable and accrued expenses | $449,461 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,538,898 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,647 |
| Total liabilities | $6,017,006 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,666,838 |
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