Bishop John R Mcgann Senior Housing Development Fund Company Inc
- Assets
- $6.7m
- Revenue
- $979.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hicksville, NY
- Founding
- 03/1996
- Data as of
- 09/2022
- EIN
- 11-3273995
Organization Overview
Bishop John R Mcgann Senior Housing Development Fund Company Inc is located in Hicksville, NY. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop John R Mcgann Senior 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 09/2022, Bishop John R Mcgann Senior Housing Development Fund Company Inc generated $979.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.3m during the year ending 09/2022. While expenses have increased by 2.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OWNS & OPERATES A SECTION 202 HUD MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON A NOT-FOR-PROFIT BASIS, THE CORPORATION PROVIDES 125 UNITS OF AFFORDABLE RENTAL HOUSING FOR PERSONS OF LIMITED MEANS IN CENTRAL ISLIP, NEW YORK, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura A Cassell President | OfficerTrustee | 1 | $0 |
Richard Balcom Treasurer | OfficerTrustee | 1 | $0 |
Robert J Ahlstrom Jr Trustee | Trustee | 1 | $0 |
William G Chapin Trustee | Trustee | 1 | $0 |
Maryanne Fitzgerald Trustee | Trustee | 1 | $0 |
Steven Pietrowski Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $965,832 |
| Investment income | $4,870 |
| 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 | $979,080 |
| 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 | $146,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,258 |
| Payroll taxes | $8,942 |
| Fees for services: Management | $115,545 |
| Fees for services: Legal | $7,519 |
| Fees for services: Accounting | $19,350 |
| 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 | $2,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,808 |
| 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 | $309,264 |
| Insurance | $79,863 |
| All other expenses | $86,353 |
| Total functional expenses | $1,283,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,043 |
| Savings and temporary cash investments | $8,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,661 |
| 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 | $32,290 |
| Net Land, buildings, and equipment | $5,494,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,191,127 |
| Total assets | $6,748,432 |
| Accounts payable and accrued expenses | $51,686 |
| Grants payable | $0 |
| Deferred revenue | $3,320 |
| 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 | $40,517 |
| Total liabilities | $95,523 |
| Net assets without donor restrictions | $6,652,909 |
| 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 | $6,748,432 |
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