Lohman Village Housing Development Fund Corporation is located in Mount Vernon, NY. The organization was established in 2016. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lohman Village Housing Development Fund Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Lohman Village Housing Development Fund Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION HAS BEEN ORGANIZED EXCLUSIVELY TO OWN, OPERATE AND MANAGE ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN THE CITY OF MOUNT VERNON, WESTCHESTER COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOHMAN VILLAGE HOUSING DEVELOPMENT FUND CORPORATION ("LOHMAN VILLAGE"), LOCATED IN MOUNT VERNON, NEW YORK, IS A 31-UNIT INDEPENDENT LIVING FACILITY FOR THE ELDERLY KNOWN AS LOHMAN VILLAGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Holden Vice Chair | OfficerTrustee | 0.5 | $0 |
Thomas A Roth Secretary | OfficerTrustee | 0.5 | $0 |
Robert Ranieri Chair | OfficerTrustee | 0.5 | $0 |
Floyd V Myers Vice Chair | OfficerTrustee | 0.5 | $0 |
Rev Amandus Derr Chair Emeritus | OfficerTrustee | 0.5 | $0 |
David J Gentner President | Officer | 0.6 | $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 | $1,658,219 |
Investment income | $29,120 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $8,645 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,697,024 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,996 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,684 |
Fees for services: Other | $27,686 |
Advertising and promotion | $0 |
Office expenses | $2,538 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $351,819 |
Travel | $1,780 |
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 | $120,924 |
Insurance | $0 |
All other expenses | $16,913 |
Total functional expenses | $1,060,954 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $89,047 |
Savings and temporary cash investments | $171,888 |
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 | $0 |
Net Land, buildings, and equipment | $535,150 |
Investments—publicly traded securities | $900,330 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,521,298 |
Total assets | $6,217,713 |
Accounts payable and accrued expenses | $140,929 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $169,072 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $7,092,719 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $26 |
Total liabilities | $7,402,746 |
Net assets without donor restrictions | -$2,090,878 |
Net assets with donor restrictions | $905,845 |
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 | $6,217,713 |
Beg. Balance | $830,531 |
Earnings | $75,314 |
Ending Balance | $905,845 |
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