Town Of Islip Housing Development Corporation
- Assets
- $1.7m
- Revenue
- $117.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakdale, NY
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 11-3633048
Organization Overview
Town Of Islip Housing Development Corporation is located in Oakdale, NY. The organization was established in 2004. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Town Of Islip 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TOWN OF ISLIP HOUSING DEVELOPMENT CORP WAS FORMED TO ASSIST IN EXPANDING AFFORDABLE HOUSING CHOICES AND OPPORTUNITIES TO QUALIFIED RESIDENTS OF THE TOWN OF ISLIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING TO LOW-INCOME FAMILIES IN CONJUNCTION WITH VARIOUS PROGRAMS. INCLUDES ONE TWO FAMILY DWELLING AND ONE THREE FAMILY DWELLING LOCATED IN BAY SHORE, NY.THE PROGRAM ALSO PROVIDES A GRANT PROGRAMS TO FURTHER ASSIST FAMILIES TO GET INTO ASSISTED HOUSING HELPING WITH SECURITY DEPOSIT PAYMENTS. LOOKS FOR PROGRAMS TO PROVIDE GRANT PAYMENTS / PROGRAM ASSISTANCE TO, IN PARTNERSHIP WITH LOCAL NOT-FOR-PROFIT / AFFORDABLE HOUSING FOCUSED AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Homes Reid Director | Trustee | 2 | $0 |
Jackie Foster President | Officer | 2 | $0 |
Grace Schlosser Treasurer | Officer | 2 | $0 |
Dorothy Courten Vice President | Officer | 2 | $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 | $117,335 |
| Investment income | $228 |
| 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 | $117,563 |
| 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 | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,912 |
| 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 | $33,581 |
| Insurance | $13,595 |
| All other expenses | $2,164 |
| Total functional expenses | $114,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,773 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,881 |
| 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 | $6,481 |
| Net Land, buildings, and equipment | $1,078,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,030 |
| Total assets | $1,676,598 |
| Accounts payable and accrued expenses | $39,613 |
| Grants payable | $0 |
| Deferred revenue | $734 |
| 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 | $9,284 |
| Total liabilities | $49,631 |
| Net assets without donor restrictions | $1,626,967 |
| 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 | $1,676,598 |
Grants Awarded
Over the last fiscal year, Town Of Islip Housing Development Corporation has awarded $131,206 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TO ISLIP HSG AUTH PURPOSE: Vehicle purchases | $53,553 |
TO ISLIP HSG AUTH PURPOSE: Building improvements window repl | $77,653 |