Steepleview Courts

Organization Overview

Steepleview Courts, operating under the name Development Fund Co Inc, is located in Lowville, NY. The organization was established in 1985. 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 09/2022, Development Fund Co Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Development Fund Co 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 09/2022, Development Fund Co Inc generated $148.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $38.7k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SENIOR CITIZEN HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A TWENTY UNIT APARTMENT COMPLES TO THE ELDERLY OVER THE AGE OF 62 AND THE HANDICAPPED OF ALL AGES THAT MEET HUD INCOME GUIDELINES FOR THE CROGHAN, NY AREA


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Board, Officers & Key Employees

Name (title)Compensation
Beverly Bush
Treasurer
$0
Bruce Chartrand
Vice President
$0
Marietta Virkler
Secretary
$0
Tony Tabolt
President
$0
Kermit Moser
Director
$0

Financial Statements

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$146,237
Investment income $24
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 $148,086

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