Herkimer County Community College Housing Authority
- Assets
- $1.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Herkimer, NY
- Founding
- 01/2001
- Data as of
- 08/2022
- EIN
- 16-1579707
Organization Overview
Herkimer County Community College Housing Authority is located in Herkimer, NY. The organization was established in 2001. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 08/2022, Herkimer County Community College Housing Authority employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herkimer County Community College Housing Authority 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 08/2022, Herkimer County Community College Housing Authority generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $2.5m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FACILITIES TO STUDENTS OF HERKIMER COUNTY COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING CORPORATION PROVIDES HOUSING FACILITIES TO STUDENTS OF HERKIMER COUNTY COMMUNITY COLLEGE. 298 STUDENTS WERE HOUSED IN THE FALL OF 2021 AND 242 WERE HOUSED IN THE SPRING OF 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Rogers Vice Chairman | OfficerTrustee | 1 | $0 |
Nicholas Laino Chairman | OfficerTrustee | 1 | $0 |
Frank Kapusta Secretary | OfficerTrustee | 1 | $0 |
Rebecca Smith Treasurer | OfficerTrustee | 1 | $0 |
Vincent Bono Board Member | Trustee | 0.5 | $0 |
Donald Dutcher Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleantec Maintenance | 8/30/22 | $123,965 |
Shauts Plumbing Heating Maintenance | 8/30/22 | $119,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,159,457 |
| Investment income | $7,782 |
| 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 | $2,171,164 |
| 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 | $345,349 |
| Pension plan accruals and contributions | $11,590 |
| Other employee benefits | $84,503 |
| Payroll taxes | $30,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,233 |
| Fees for services: Accounting | $9,155 |
| 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 | $5,885 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $379,277 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,647 |
| Insurance | $115,242 |
| All other expenses | $341,964 |
| Total functional expenses | $2,485,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,075,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,952 |
| 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 | $32,793 |
| Net Land, buildings, and equipment | $28,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $647,171 |
| Total assets | $1,888,162 |
| Accounts payable and accrued expenses | $59,831 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,831 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,828,331 |
| Total liabilities and net assets/fund balances | $1,888,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Herkimer County Community College Housing Authority has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIPS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Nj Edge Net Inc Newark, NJ | $7,375,107 | $12,640,759 |
Building Responsible Intelligent Creative Kids Newark, NJ | $6,605,179 | $12,103,226 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Bes Inc Boston, MA | $9,472,977 | $7,138,485 |
Ilearn Schools Inc Fair Lawn, NJ | $13,400,113 | $8,692,177 |
Green Mountain Higher Education Consortium Inc Shelburne, VT | $1,891,239 | $6,372,980 |
Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
21st Century Partnership For Stem Education Conshohocken, PA | $827,740 | $5,172,923 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |
Council For Aid To Education Inc New York, NY | $2,451,648 | $5,084,606 |