Joseph M Dassern Housing Corporation is located in Dobbs Ferry, NY. The organization was established in 1972. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Joseph M Dassern Housing Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 03/2023, Joseph M Dassern Housing Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.6m during the year ending 03/2023. While expenses have increased by 4.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO EMPLOYEES OF THE CHILDREN'S VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOSEPH M. D'ASSERN HOUSING APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND/OR STUDENTS OF THE CHILDREN'S VILLAGE AND THEIR IMMEDIATE FAMILIES. THERE ARE 112 APARTMENTS RANGING FROM 2 1/2 TO 51/2 ROOMS (STUDIO TO 3 BEDROOMS).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Schwartz Director | Trustee | 1 | $0 |
Francine Vernon Secretary | OfficerTrustee | 1 | $0 |
James Mann Director | Trustee | 1 | $0 |
Jeremy Kohomban Chair/ceo | OfficerTrustee | 1 | $0 |
Mark Scherzer Director | Trustee | 1 | $0 |
Richard Goerg Treasurer/cfo | OfficerTrustee | 1 | $0 |
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 | $1,284,111 |
Investment income | $2,294 |
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 | $1,335,857 |
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 | $106,311 |
Pension plan accruals and contributions | $5,039 |
Other employee benefits | $24,864 |
Payroll taxes | $9,986 |
Fees for services: Management | $47,316 |
Fees for services: Legal | $20,354 |
Fees for services: Accounting | $14,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $175,317 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $312,365 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $70,322 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $221,750 |
Insurance | $165,221 |
All other expenses | $844 |
Total functional expenses | $1,606,809 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $299,082 |
Savings and temporary cash investments | $493,289 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,366 |
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 | $34,514 |
Net Land, buildings, and equipment | $1,635,518 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $135,112 |
Total assets | $2,602,881 |
Accounts payable and accrued expenses | $93,282 |
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 | $4,008,177 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $297,270 |
Total liabilities | $4,398,729 |
Net assets without donor restrictions | -$1,795,848 |
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 | $2,602,881 |