Putnam County Housing Corporation
- Assets
- $2.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Carmel, NY
- Founding
- 07/1987
- Data as of
- 12/2023
- EIN
- 14-1645491
Organization Overview
Putnam County Housing Corporation is located in Carmel, NY. The organization was established in 1987. 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 12/2023, Putnam County Housing Corporation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam County Housing Corporation 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 12/2023, Putnam County Housing Corporation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 8.5% 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 SAFE, DECENT AND AFFORDABLE HOUSING TO PUTNAM COUNTY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS FROM VARIOUS GOVERNMENTAL AGENCIES ARE RESTRICTED FOR THE USE OF ADMINISTRATIVE AND PLANNING COSTS, AND DIRECT ASSISTANCE TO RESIDENTS TO MEET PROGRAM ACTIVITIES.
HUD SECTION 8 ADMINISTRATIVE FEES ARE USED TOWARDS STAFF SALARIES, FRINGE AND ALL COSTS RELATED TO THE IMPLEMENTATION OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Greenberg President | OfficerTrustee | 1 | $0 |
Edward Schaffer Vice President | OfficerTrustee | 1 | $0 |
William Huestis Secretary | OfficerTrustee | 1 | $0 |
Richard Weiss Treasurer | OfficerTrustee | 1 | $0 |
Deacon John Scarfi Director | Trustee | 1 | $0 |
Margorie Schneider Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wl Smith Blacktop Paving | 12/30/23 | $250,000 |
Amx Cooling & Heating Hvac Contractor | 12/30/23 | $501,749 |
Ag Electric Electrical Contractor | 12/30/23 | $106,365 |
Freight Liquidators Flooring | 12/30/23 | $160,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,339,631 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,374,962 |
| Total Program Service Revenue | $1,289,190 |
| Investment income | $651 |
| 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 | $3,674,119 |
| 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. | $245,837 |
| Compensation of current officers, directors, key employees. | $7,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $739,244 |
| Pension plan accruals and contributions | $12,406 |
| Other employee benefits | $157,390 |
| Payroll taxes | $67,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,990 |
| 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 | $44,106 |
| Advertising and promotion | $465 |
| Office expenses | $33,015 |
| Information technology | $5,360 |
| Royalties | $0 |
| Occupancy | $41,681 |
| Travel | $3,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,490 |
| Insurance | $18,415 |
| All other expenses | $16,872 |
| Total functional expenses | $3,119,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,463,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,781 |
| Accounts receivable, net | $13,403 |
| 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 | $6,393 |
| Net Land, buildings, and equipment | $381,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,253 |
| Total assets | $2,081,528 |
| Accounts payable and accrued expenses | $62,686 |
| Grants payable | $0 |
| Deferred revenue | $155,494 |
| 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 | $13,071 |
| Total liabilities | $231,251 |
| Net assets without donor restrictions | $1,850,277 |
| 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 | $2,081,528 |