Catskill Mountain Housing Development Corporation
- Assets
- $494.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Catskill, NY
- Founding
- 04/1982
- Data as of
- 06/2021
- EIN
- 14-1629449
Organization Overview
Catskill Mountain Housing Development Corporation is located in Catskill, NY. The organization was established in 1982. 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 06/2021, Catskill Mountain Housing Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catskill Mountain Housing Development Corporation 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 06/2021, Catskill Mountain Housing Development Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $929.7k during the year ending 06/2021. While expenses have increased by 13.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS PROGRAMS TO PURCHASE, BUILD OR REHABILITATE STRUCTURES TO MAKE AFFORDABLE HOUSING AVAILABLE TO THE ELDERLY AND THOSE OF LOW TO MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE VARIOUS PROGRAMS TO PURCHASE, BUILD OR REHABILITATE STRUCTURES TO MAKE AFFORDABLE HOUSING AVAILABLE TO THE ELDERLY AND THOSE OF LOW TO MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Heck President | OfficerTrustee | 0 | $0 |
Florence Hohenstein Secretary | OfficerTrustee | 0 | $0 |
Patricia Lamb Vice President | OfficerTrustee | 0 | $0 |
Valerie Chippa Director | Trustee | 0 | $0 |
Kathleen Balthazar-Heitzman Director | Trustee | 0 | $0 |
Willie Davis Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,459 |
| Total Program Service Revenue | $257,363 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,751 |
| 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 | $1,053,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $490,039 |
| 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. | $67,692 |
| Compensation of current officers, directors, key employees. | $25,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,095 |
| Office expenses | $4,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,426 |
| Travel | $572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,206 |
| Interest | $14,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,119 |
| Insurance | $9,454 |
| All other expenses | $7,327 |
| Total functional expenses | $929,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,333 |
| Savings and temporary cash investments | $72,320 |
| Pledges and grants receivable | $128,373 |
| Accounts receivable, net | $68,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,605 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,483 |
| Net Land, buildings, and equipment | $114,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,674 |
| Total assets | $494,934 |
| Accounts payable and accrued expenses | $37,590 |
| Grants payable | $0 |
| Deferred revenue | $29,348 |
| 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 | $274,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,155 |
| Total liabilities | $342,517 |
| Net assets without donor restrictions | $152,417 |
| 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 | $494,934 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catskill Mountain Housing Development Corporation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bank Of Greene County Charitable Foundation Catskill, NY PURPOSE: PURCHASE OF VIDEO SURVEILLANCE EQUIPMENT FOR CATSKILL APARTMENT COMPLEX | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |