Lcs Housing Development Fund Company Inc
- Assets
- $344.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 14-1822059
Organization Overview
Lcs Housing Development Fund Company Inc is located in Albany, NY. The organization was established in 1946. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lcs Housing Development Fund Company 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 12/2022, Lcs Housing Development Fund Company Inc generated $191.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $145.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EXPENSES DIRECTLY RELATED TO THE CONTINUOUS MAINTENANCE AND OPERATION OF A 12 UNIT COMPLEX FOR THE DISABLED INDIVIDUALS IN SCHENECTADY, NEW YOK UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND SUBSTIDIZED BY A CONTRACT WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Richard Leskovar Director | 1 | $0 | |
James Early Director | 1 | $0 | |
Marggie Skinner Director | 1 | $0 | |
Rev Leo Markert Director | 1 | $0 | |
Noel Olsen President | 1 | $0 | |
Mary Olsen Secretary/vp | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,235 |
| Total Program Service Revenue | $46,913 |
| Membership dues | $0 |
| Investment income | $288 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $985 |
| Total Revenue | $191,421 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,378 |
| Professional fees and other payments to independent contractors | $18,737 |
| Occupancy, rent, utilities, and maintenance | $40,123 |
| Printing, publications, postage, and shipping | $10,201 |
| Other expenses | $22,671 |
| Total expenses | $145,110 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,427 |
| Other assets | $0 |
| Total assets | $344,153 |
| Total liabilities | $129,301 |
| Net assets or fund balances | $214,852 |