L B S H Housing Corp
- Assets
- $1.3m
- Revenue
- $826.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Brasher Falls, NY
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 16-1159720
Organization Overview
L B S H Housing Corp is located in Brasher Falls, NY. The organization was established in 1988. 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 12/2021, L B S H Housing Corp employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L B S H Housing Corp 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 12/2021, L B S H Housing Corp generated $826.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $772.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PEOPLE, WHICH INCLUDES AN ENRICHED HOUSING PROGRAM FOR INDIVIDUALS WHO ARE FUNCTIONALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES 60 SUBSIDIZED RENTAL UNITS TO LOW-INCOME ELDERLY AND HANDICAPPED PEOPLE.
ENRICHED HOUSING SERVICES PROVIDED TO THOSE RESIDENTS REQUESTING SUCH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Lagarry Executive Director | Officer | 40 | $70,995 |
Steve Bory President | OfficerTrustee | 5 | $0 |
Ellen Fukes Secretary | OfficerTrustee | 5 | $0 |
Jay Kilcoyne Vice President | OfficerTrustee | 5 | $0 |
Allen Fukes Treasurer | OfficerTrustee | 5 | $0 |
Ernest Woods Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,600 |
| 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 | $66,600 |
| Total Program Service Revenue | $759,805 |
| Investment income | $977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $826,495 |
| 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. | $70,995 |
| Compensation of current officers, directors, key employees. | $70,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,427 |
| Payroll taxes | $26,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,177 |
| Advertising and promotion | $969 |
| Office expenses | $13,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,962 |
| Travel | $2,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,118 |
| Insurance | $55,084 |
| All other expenses | $0 |
| Total functional expenses | $772,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,553 |
| Savings and temporary cash investments | $264,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,315 |
| 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 | $9,637 |
| Net Land, buildings, and equipment | $1,055,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,347,003 |
| Accounts payable and accrued expenses | $24,794 |
| Grants payable | $0 |
| Deferred revenue | $933 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,356 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $701,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $747,780 |
| Net assets without donor restrictions | $599,223 |
| 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 | $1,347,003 |
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|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |