A C Ware Housing Development Fund Company Inc
- Assets
- $996.2k
- Revenue
- $113.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Buffalo, NY
- Founding
- 08/1999
- Data as of
- 09/2021
- EIN
- 16-1569423
Organization Overview
A C Ware Housing Development Fund Company Inc is located in Buffalo, NY. The organization was established in 1999. 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. As of 09/2021, A C Ware Housing Development Fund Company Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A C Ware 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 09/2021, A C Ware Housing Development Fund Company Inc generated $113.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $161.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELDERLY AND DISABLED PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY TO MEET WITH PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grady Thompson President | OfficerTrustee | 1 | $0 |
Evetta Cannon Vice President | OfficerTrustee | 1 | $0 |
Linda Roberts Secretary | OfficerTrustee | 1 | $0 |
Gretta Anthony Director | Trustee | 1 | $0 |
Jerry Linder Director | Trustee | 1 | $0 |
Alforna Evans Director | Trustee | 1 | $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 | $112,705 |
| Investment income | $33 |
| 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 | $113,113 |
| 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 | $36,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $426 |
| Payroll taxes | $3,328 |
| Fees for services: Management | $8,121 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,543 |
| Advertising and promotion | $0 |
| Office expenses | $6,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,060 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,214 |
| Insurance | $15,889 |
| All other expenses | $0 |
| Total functional expenses | $161,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,788 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,463 |
| Net Land, buildings, and equipment | $909,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,543 |
| Total assets | $996,185 |
| Accounts payable and accrued expenses | $12,582 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,233 |
| Total liabilities | $16,815 |
| Net assets without donor restrictions | $979,370 |
| 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 | $996,185 |
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Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
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