MCHARRIE TOWNE INC: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MCHARRIE TOWNE INC (EIN 22-2965446)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-10-31
- IRS object ID
- 201643059349100614
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-10-31T14:00:09-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 161131146 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BONADIO & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 432 NORTH FRANKLIN STREET | AddressLine1Txt |
| City | SYRACUSE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222965446 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCHARRIE TOWNE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MCHA | BusinessNameControlTxt |
| Phone | 3156381172 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7740 MEIGS ROAD | AddressLine1Txt |
| City | BALDWINSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13027 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JIM WILEY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3156381172 | PhoneNum |
| Signature | 2016-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BETTINA LIPPHARDT | PreparerPersonNm |
| PTIN | P00956232 | PTIN |
| Phone | 3154764004 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $11,019,003 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $115 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $974 | InterestOnSavRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,448,634 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $1,448,634 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,449,723 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,448,634 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $140,728 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $140,728 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $140,728 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $11,941 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $11,941 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $11,941 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,781 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $2,781 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,781 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $8,000 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $8,000 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $76,775 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $76,775 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $76,775 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $605,952 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $605,952 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $289,365 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $289,365 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $289,362 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,135,542 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $1,135,542 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $529,587 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,135,542 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $1,135,542 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $529,587 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $314,181 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $313,092 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $3,295,406 | CashBOYAmt |
| Cash EOY | $1,377,837 | CashEOYAmt |
| Cash EOYFMV | $1,377,837 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $388,919 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $389,893 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $389,893 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $148,959 | AcctRcvblAmt |
| Acct Rcvbl BOY | $2,246 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $148,959 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $148,959 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $39,527 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $49,713 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $49,713 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $16,730,063 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,677,462 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $6,904,325 | LandBOYAmt |
| Land EOY | $9,052,601 | LandEOYAmt |
| Land EOYFMV | $9,052,601 | LandEOYFMVAmt |
| Total Assets BOY | $10,630,423 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,019,003 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $11,019,003 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $768,147 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $751,265 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $7,760,692 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $7,851,973 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $8,528,839 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,603,238 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $2,101,584 | UnrestrictedBOYAmt |
| Unrestricted EOY | $2,415,765 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,101,584 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,415,765 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,630,423 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,019,003 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,101,584 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $314,181 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,415,765 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,415,765 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $485,641 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,353,704 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.206331 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $445,117 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,276,931 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.348583 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $425,517 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,262,951 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.336923 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $428,112 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,191,696 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.359246 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $411,375 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,117,444 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.368139 | DistributionYr5Rt |
| Total Distribution | 1.619222 | TotalDistributionRt |
| Average Distribution | 0.323844 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,685,138 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $869,566 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $0 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $869,566 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $529,587 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JIM WILEY | IndividualWithBooksNm |
| Phone | 3156382521 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7740 MEIGS ROAD | AddressLine1Txt |
| City | BALDWINSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13027 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| FREDERICK S MARTY | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| FERN BUTLER | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | SECRETARY | 1.00 | $0 | $0 | $0 |
| ROSLYN BILFORD | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DONALD F COLON | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ROSEMARY BUCCI | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| KEN DODGE | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| FRED K MILLER | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOANNE DAPRANO | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DOROTHY L WHITE | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ROBERT WILKINSON | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SUSAN MAXSWEEN | ||||||||
| 7740 MEIGS ROAD | BALDWINSVILLE | NY | 13027 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MCHARRIE TOWNE OPERATES A HOUSING PROJECT FOR ELDERLY PERSONS. RENTAL OF HOUSING UNITS ARE OFFERED TO ELDERLY TENANTS SUBSTANTIALLY AT COST. THERE IS A PROGRAM OF SERVICES DESIGNED TO ASSIST THE OCCUPANTS IN MAINTAINING AN INDEPENDENT LIFESTYLE. THIS PROGRAM INCLUDES: CONGREGATE KITCHEN AND DINING FACILITIES, RECREATIONAL SPACE, HOUSE- KEEPING SERVICES, MAINTENANCE, AND SECURITY. IN ADDITION, THE ORGANIZATION ENGAGES IN FUNDRAISING ACTIVITIES TO SUPPLEMENT THE PROGRAMS THAT MAY NOT OTHERWISE BE AVAILABLE UNDER THE OPERATING RECEIPTS AND TO ASSIST ELDERLY OCCUPANTS WHOSE FUNDS MAY BECOME DEPLETED, THEREBY IMPAIRING THEIR ABILITY TO PAY MONTHLY CHARGES. | Description1Txt |
| Expenses1 | $529,364 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,726,028 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,726,028 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,726,028 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $40,890 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,685,138 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $134,257 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $134,257 | MinimumInvestmentReturnAmt |
| Total Tax | $0 | TotalTaxAmt |
| Distributable Before Adj | $134,257 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $134,257 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $134,257 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $529,587 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $529,587 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $529,587 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $134,257 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $355,503 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $368,527 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $362,369 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $381,270 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $367,956 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,835,625 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $529,587 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $134,257 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $395,330 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,230,955 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $355,503 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,875,452 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $368,527 | ExcessFromYear4Amt |
| Excess From Year3 | $362,369 | ExcessFromYear3Amt |
| Excess From Year2 | $381,270 | ExcessFromYear2Amt |
| Excess From Year1 | $367,956 | ExcessFromYear1Amt |
| Excess From Current Year | $395,330 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | BusinessBusinessCd | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|
| SERVICE FEES - RESIDENTS | 623990 | $640,624 |
| ENTRANCE FEES AMORTIZED | 623990 | $808,010 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $974 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $974 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,448,634 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,449,608 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1A/B | LineNumberTxt |
| Relationship Statement | THE ORGANIZATION OPERATES A HOUSING PROJECT FOR ELDERLY PERSONS. RENTAL OF HOUSING UNITS IS OFFERED TO ELDERLY TENANTS SUBSTANTIALLY AT COST. THE ORGANIZATION ALSO HAS ARRANGED FOR A PROGRAM OF SERVICES DESIGNED TO SUPPORT AND MAINTAIN ELDERLY OCCUPANTS WITHIN THE UNITS. CONGREGATE KITCHEN AND DINING FACILITIES AND RECREATIONAL SPACE ARE OFFERED ALONG WITH HOUSEKEEPING SERVICES, MAINTENANCE, AND SECURITY. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $8,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,000 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,000 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | RtRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| LAND IMPROVEMENTS | 1985-01-01 | $3,341,246 | $1,983,957 | SL | 0.000000000000 | $0 | $0 | $0 |
| BUILDINGS | 1985-01-01 | $12,878,790 | $5,424,881 | SL | 0.000000000000 | $0 | $0 | $0 |
| FIXED EQUIPMENT | 1985-01-01 | $121,020 | $81,806 | SL | 0.000000000000 | $0 | $0 | $0 |
| MOVEABLE EQUIPMENT | 1985-01-01 | $351,972 | $186,818 | SL | 0.000000000000 | $0 | $0 | $0 |
| LAND | 1985-01-01 | $37,035 | L | $0 | $0 | $0 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| LAND IMPROVEMENTS | $3,341,246 | $1,983,957 | $1,357,289 |
| BUILDINGS | $12,878,790 | $5,424,881 | $7,453,909 |
| FIXED EQUIPMENT | $121,020 | $81,806 | $39,214 |
| MOVEABLE EQUIPMENT | $351,972 | $186,818 | $165,154 |
| LAND | $37,035 | $0 | $37,035 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $2,781 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,781 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,781 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER BENEFITS | $34,765 | $0 | $34,765 | $34,765 |
| CLEANING SERVICES | $18,780 | $0 | $18,780 | $18,780 |
| HOME CARE SERVICES | $17,323 | $0 | $17,323 | $17,323 |
| REPAIRS AND MAINTENANCE | $8,698 | $0 | $8,698 | $8,698 |
| GROUNDS MAINTENANCE | $74,165 | $0 | $74,165 | $74,165 |
| INSURANCE | $50,338 | $0 | $50,338 | $50,335 |
| RUBBISH REMOVAL | $11,614 | $0 | $11,614 | $11,614 |
| DATA PROCESSING PURCHASED | $7,085 | $0 | $7,085 | $7,085 |
| SUPPLIES | $15,267 | $0 | $15,267 | $15,267 |
| MISCELLANEOUS | $6,428 | $0 | $6,428 | $6,428 |
| POSTAGE AND SHIPPING | $407 | $0 | $407 | $407 |
| PUBLIC RELATIONS | $945 | $0 | $945 | $945 |
| UTILITIES | $43,550 | $0 | $43,550 | $43,550 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| SERVICE FEES - RESIDENTS | $640,624 | $640,624 |
| ENTRANCE FEES AMORTIZED | $808,010 | $808,010 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED REVENUE - RESIDENT ESCROW DEPOSITS | $4,763,936 | $7,836,658 |
| DUE TO AFFILIATES | $8,380 | $15,315 |
| CAPITAL LINE-OF-CREDIT | $2,988,376 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| SOCIAL SECURITY | $10,262 | $0 | $10,262 | $10,262 |
| WORKERS COMPENSATION | $3,680 | $0 | $3,680 | $3,680 |
| NYS DISABILITY | $479 | $0 | $479 | $479 |
| LIEU OF TAX PAYMENTS | $62,354 | $0 | $62,354 | $62,354 |
Comments