Monsignor Adamski Village Housing Development Fund Company Inc is located in Syracuse, NY. The organization was established in 1946. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Monsignor Adamski Village Housing Development Fund Company 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 03/2023, Monsignor Adamski Village Housing Development Fund Company Inc generated $554.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $738.2k during the year ending 03/2023. While expenses have increased by 3.0% per year over the past 7 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
OPERATE A LOW-INCOME HOUSING PROJECT FOR ELDERLY AND HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONSIGNOR ADAMSKI VILLAGE HOUSING DEVELOPMENT FUND COMPANY, INC. OWNS AND OPERATES A 50-UNIT HOUSING PROJECT FOR LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deacon Steven R Schumer Member/director & Presiden | OfficerTrustee | 5 | $0 |
Reverend Peter J Karalus Member/director & Vice-Pre | OfficerTrustee | 5 | $0 |
Sister Regina Murphy Member/director & Secretar | OfficerTrustee | 5 | $0 |
Charles Mendolera Member/director & Treasure | OfficerTrustee | 5 | $0 |
Carl Nowakowski Member/director | Trustee | 5 | $0 |
Reverend Michael Czyzewski Member/director | Trustee | 5 | $0 |
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 | $552,066 |
Investment income | $512 |
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 | $554,485 |
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 | $145,221 |
Pension plan accruals and contributions | $7,360 |
Other employee benefits | $35,740 |
Payroll taxes | $12,134 |
Fees for services: Management | $34,906 |
Fees for services: Legal | $7,235 |
Fees for services: Accounting | $12,469 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,999 |
Office expenses | $14,100 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $160,790 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $117 |
Interest | $72,417 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $180,417 |
Insurance | $29,817 |
All other expenses | $0 |
Total functional expenses | $738,198 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $931 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,680 |
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 | $6,086 |
Net Land, buildings, and equipment | $982,814 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $375,147 |
Total assets | $1,367,658 |
Accounts payable and accrued expenses | $55,316 |
Grants payable | $0 |
Deferred revenue | $2,777 |
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 | $1,578,145 |
Unsecured mortgages and notes payable | $559,650 |
Other liabilities | $11,473 |
Total liabilities | $2,207,361 |
Net assets without donor restrictions | -$839,703 |
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 | $1,367,658 |