Bradford-Tioga Leased Housing Corporation
- Assets
- $2.7m
- Revenue
- $15.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mansfield, PA
- Founding
- 04/1996
- Data as of
- 06/2023
- EIN
- 25-1739814
Organization Overview
Bradford-Tioga Leased Housing Corporation is located in Mansfield, PA. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradford-Tioga Leased Housing 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 06/2023, Bradford-Tioga Leased Housing Corporation generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.7%) each year. All expenses for the organization totaled $36.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (37.7%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO PUBLIC HOUSING AUTHORITIES FOR ACQUISITION AND/OR CONSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOLLOWING ACTIVITIES ARE PLANNED BY THE ORGANIZATION TO ACHIEVE ITS PURPOSE: 1) PROVIDING FINANCIAL ASSISTANCE TO THE PUBLIC HOUSING AUTHORITIES OF BRADFORD AND TIOGA COUNTIES BY FINANCING THE ACQUISITION OR CONSTRUCTION OF BUILDINGS FOR PUBLIC HOUSING PURPOSES. 2) PROVIDE FINANCIAL ASSISTANCE TO OTHER CHARITABLE NOT-FOR-PROFIT IRC SECTION 501(C)3 ORGANIZATIONS IN BRADFORD AND TIOGA COUNTIES BY ASSISTING IN THE FINANCING FOR THE ACQUISITION AND/OR CONSTRUCTION OF BUILDINGS FOR PUBLIC HOUSING PURPOSES. 3) ACQUIRE BY LEASE, PURCHASE, LEASE-BACK OR OTHERWISE, REAL ESTATE IN BRADFORD AND TIOGA COUNTIES TO CONSTRUCT OR OTHERWISE ACQUIRE AND EQUIP BUILDINGS WHICH MAY BE UTILIZED BY THE PUBLIC HOUSING AUTHORITIES OF BRADFORD AND TIOGA COUNTIES OR BY OTHER NOT-FOR-PROFIT SECTION 501(C)3 ORGANIZATIONS FOR LOW RENT HOUSING AND OTHER CIVIC PURPOSES AUTHORIZED BY LAW. 4) BORROW FUNDS NECESSARY TO FUND THE COSTS OF ACQUIRING, CONSTRUCTING, MAINTAINING, AND OPERATING SUCH PROPERTIES AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Graham Chair | OfficerTrustee | 1 | $0 |
Ray Depaola Vice Chair | OfficerTrustee | 1 | $0 |
Amy Wood Board Member | Trustee | 1 | $0 |
Barb Austin Board Member | Trustee | 1 | $0 |
Shane Nickerson Board Member | Trustee | 1 | $0 |
Sean Sember Executive Director | Officer | 5 | $0 |
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 | $8,328 |
| Noncash contributions included in lines 1a–1f | $8,328 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,328 |
| Total Program Service Revenue | -$40,452 |
| Investment income | $51,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,313 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,287 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $950 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,494 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,190 |
| All other expenses | $18,000 |
| Total functional expenses | $36,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,834 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $549,301 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $836 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,032,662 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,806 |
| Total assets | $2,708,439 |
| Accounts payable and accrued expenses | $0 |
| 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 | $60,534 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,534 |
| Net assets without donor restrictions | $2,647,905 |
| 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 | $2,708,439 |