Presbyterian Housing Development Fund Corporation Of Queens is located in Lake Success, NY. The organization was established in 1983. 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. As of 08/2023, Presbyterian Housing Development Fund Corporation Of Queens employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Housing Development Fund Corporation Of Queens 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 08/2023, Presbyterian Housing Development Fund Corporation Of Queens generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. While expenses have increased by 2.6% 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
HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AND MAINTAINING 150 UNITS OF SAFE AND SANITARY HOUSING FOR THE ELDERLY OR MOBILITY IMPAIRED PERSONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rimas Jasin Executive Dir. | OfficerTrustee | 0.1 | $0 |
James Tse President | OfficerTrustee | 0.2 | $0 |
Rev Jane Donnelly Director | Trustee | 0.1 | $0 |
Lindsay Borden Director | Trustee | 0.1 | $0 |
Celia Sanchez Director | Trustee | 0.1 | $0 |
Lisa Sisenwein Secretary | OfficerTrustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allied Universal Security Services Security Services | 8/30/20 | $141,653 |
New York Plumbing & Heating Corp Heating Repairs And Maint | 8/30/20 | $120,316 |
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 | $2,483,055 |
Investment income | $8,201 |
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 | $2,495,437 |
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 | $344,400 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $70,746 |
Payroll taxes | $16,572 |
Fees for services: Management | $107,814 |
Fees for services: Legal | $79 |
Fees for services: Accounting | $18,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $220,309 |
Advertising and promotion | $0 |
Office expenses | $21,441 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $588,610 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $426,104 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $289,650 |
Insurance | $175,462 |
All other expenses | $0 |
Total functional expenses | $2,691,369 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $268,696 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,020 |
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 | $123,834 |
Net Land, buildings, and equipment | $2,784,128 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,095,712 |
Total assets | $5,278,390 |
Accounts payable and accrued expenses | $146,954 |
Grants payable | $0 |
Deferred revenue | $7,012 |
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 | $7,564,485 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $43,293 |
Total liabilities | $7,761,744 |
Net assets without donor restrictions | -$2,483,354 |
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 | $5,278,390 |