Ahrc Development Inc
- Assets
- $212.1k
- Revenue
- $137.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 13-3131470
Organization Overview
Ahrc Development Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahrc Development 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 06/2022, Ahrc Development Inc generated $137.2k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $159.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHRC DEVELOPMENT INC. WHOLLY OWNED BY NYSARC, INC., NEW YORK CITY CHAPTER WAS INCORPORATED IN 1979 AS A 12-UNIT RESIDENTIAL PROJECT FOR THE ELDERLY AND/OR HANDICAPPED PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS. AMOUNTS REPORTED AS DIRECT CHARITABLE ACTIVITY EXPENDITURES REPRESENT THE COSTS OF OPERATING THE RESIDENTIAL BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharyn Van Reepinghen President | 0.4 | $0 | |
Andreas Chrysostomou Treasurer | 0.4 | $0 | |
Jeanne Sdroulas Financial Secretary | 0.4 | $0 | |
Raymond Ferrigno 1st Vice President | 0.4 | $0 | |
Patricia Murphy ESQ 2nd Vice President | 0.4 | $0 | |
Marco Damiani Ceo, Nysarc Inc., Nyc Chapter | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $137,152 |
| Total Revenue | $137,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $71,250 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,195 |
| Total operating and administrative expenses | $159,445 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $159,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $996 |
| Savings and temporary cash investments | $131,610 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,475 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $78,026 |
| Other assets | $0 |
| Total assets | $212,107 |
| Accounts payable and accrued expenses | $1,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $132,603 |
| Other liabilities | $1,425,771 |
| Total liabilities | $1,559,730 |