Shaarey Zedek Housing Development Fund Corporation is located in Amherst, NY. The organization was established in 2000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaarey Zedek Housing Development Fund 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 06/2021, Shaarey Zedek Housing Development Fund Corporation generated $499.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $517.5k during the year ending 06/2021. 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
SENIOR HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 59-UNIT HOUSING PROJECT FOR PERSONS OVER THE AGE OF 55 AND OF LOW TO MODERATE INCOME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven R Jacobs President | OfficerTrustee | 1 | $0 |
Harvey Kardaman Chairman Of The Board | OfficerTrustee | 1 | $0 |
Herbert Shearer Treasurer | OfficerTrustee | 1 | $0 |
Allen Cooper Secretary | OfficerTrustee | 1 | $0 |
David Williams Director | Trustee | 1 | $0 |
James Katz Director | Trustee | 1 | $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 | $492,249 |
Investment income | $18 |
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 | $498,988 |
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 | $50,852 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,969 |
Payroll taxes | $3,890 |
Fees for services: Management | $32,114 |
Fees for services: Legal | $0 |
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 | $20,400 |
Advertising and promotion | $22,833 |
Office expenses | $860 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $24,144 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $126,480 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $148,610 |
Insurance | $21,081 |
All other expenses | $13,540 |
Total functional expenses | $517,500 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $87,546 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,965 |
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 | $19,230 |
Net Land, buildings, and equipment | $2,569,749 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $177,053 |
Total assets | $2,860,543 |
Accounts payable and accrued expenses | $18,477 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $1,730,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,822,015 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $132,876 |
Total liabilities | $3,703,368 |
Net assets without donor restrictions | -$842,825 |
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 | $2,860,543 |
Organization Name | Assets | Revenue |
---|---|---|
Community Builders Inc Boston, MA | $148,217,575 | $87,790,279 |
Doe Fund Inc New York, NY | $135,128,444 | $76,076,390 |
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |