922 Hoe Avenue Housing Development Fund Corporation in Bronx, New York (NY)

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922 Hoe Avenue Housing Development Fund Corporation
Employer Identification Number (EIN)133438917
Name of Organization922 Hoe Avenue Housing Development Fund Corporation
Address5925 Broadway, Bronx, NY 10463-2410
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date05/1989
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,018,187
Amount of Income$233,426
Form 990 Revenue Amount$233,426


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Financial snapshot ($)

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$233,426
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$233,426
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$305,479
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$28,673
Payroll taxes$2,913
Professional fundraising services$0
Other$273,893
Balance Sheet (for 2011)
Total assets$1,018,187
Total liabilities$1,341,375
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$906,951
Unsecured notes and loans payable to unrelated third parties$0
Other$434,424
Total net assets or fund balances$-323,188
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,036,767
Gifts, grants, contributions, and membership fees received$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$1,036,767
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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