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Blue Mountain Housing Development Corp INC

Tax-deductible

Katonah, NY501(c)(3)EIN 13-3032463Revenue $71K in FY2024

On file with the IRSCo Heckler-200 Katonah Ave 14a, 10536-0000 · Katonah, NYTax-exempt since Sep 1980Publicly supported charity — 170(b)(1)(A)(vi)

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To assist in the Development of affordable Housing in westchester county, new york.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $4K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
51 mo
of spending, in cash
Looks good: 50.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$71K
+3% vs prior year
Spent
$85K
To programs
100%
Net assets
$675K
By yearFY2020–FY2024
Revenue
$71K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$74K
FY2021$133K
FY2022$66K
FY2023$69K
FY2024$71K
Expenses
$85K
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$94K
FY2022$81K
FY2023$70K
FY2024$85K
Net assets
$675K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$695K
FY2021$727K
FY2022$706K
FY2023$697K
FY2024$675K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $85K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Julie Stern
Director
$0Pt VII · Sec A
Amy Dickan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Marc Levesque
Treasurer
$0Pt VII · Sec A
See Blue Mountain Housing Development Corp INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops affordable housing in Westchester County, New York.

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Provided by the organization

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1 program · $85K · in their own filed words · FY2024
01

The organization owns and operates buildings in the town of bedford that are used to provide affordable housing.

$85Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$71K
Ln 12
Fees for servicesLn 2g$63K
Gifts and grantsLn 1h$7K
Investment incomeLn 3$12
Money outPt IX
$85K
Ln 25
Programscol B$85K
Owns and owesPt X
$675K
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$4.3M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Government grantsLn 1e$7K
Fees for servicesLn 2g$63K
Investment incomeLn 3$12
Total revenueLn 12$71K
Assets in detailPt X, end of year
SavingsLn 2$362K
Cash and savings togetherLn 1–2$362K
Land, buildings, equipmentLn 10c$3.9M
Other assetsLn 15$4K
Total assetsLn 16$4.3M
LiabilitiesLn 26$3.6M
Net assetsLn 32$675K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$322K$362K
Land, buildings, equipmentLn 10c$484K$3.9M
Total assetsLn 16$857K$4.3M
LiabilitiesLn 26$160K$3.6M
Net assetsLn 32$697K$675K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$11K$11K
Accounting feesLn 11c$4K$4K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$85K$85K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $71K$85K−$15K$675K 990 PDF
FY2023 $69K$70K−$1K$697K 990 PDF
FY2022 $66K$81K−$14K$706K 990 PDF
FY2021 $133K$94K$40K$727K 990 PDF
FY2020 $74K$62K$12K$695K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $70,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,304$7,304
I-9 Program service revenuePrior year $61,371$63,338
I-10 Investment incomePrior year $228$12
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $68,903$70,654
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $70,096$85,231
I-18 Total expensesPrior year $70,096$85,231
I-19 Revenue less expensesPrior year −$1,193−$14,577
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $70,654 across 5 lines filed
VIII-1e Government grants$7,304
VIII-1h Total contributions, gifts and grants$7,304
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,338$63,338
VIII-3 Investment incomeExcluded from tax $12$12
VIII-12 Total revenueRelated to mission $63,338 · Unrelated business $0 · Excluded from tax $12$70,654
Part IX · Statement of functional expenses $85,231 across 6 lines filed
IX-11a Management feesPrograms $11,400$11,400
IX-11c Accounting feesPrograms $4,500$4,500
IX-20 InterestPrograms $1,432$1,432
IX-22 Depreciation, depletion and amortizationPrograms $21,823$21,823
IX-23 InsurancePrograms $19,126$19,126
IX-24 Other expenses (24a–d)Programs $26,950$26,950
IX-25 Total functional expensesPrograms $85,231 · Management $0 · Fundraising $0$85,231
Part X · Balance sheet $4,272,640 assets, 12 lines filed
Asset lines not itemized here account for $47,650; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $322,274$361,555
X-9 Prepaid expenses and deferred chargesStart of year $2,551$2,551
X-10c Land, buildings and equipment, netStart of year $483,553$3,856,910
X-15 Other assetsStart of year $888$3,974
X-16 Total assetsStart of year $856,916$4,272,640
X-17 Accounts payable and accrued expensesStart of year $6,461$6,979
X-24 Unsecured notes and loans payableStart of year $149,786$176,218
X-25 Other liabilitiesStart of year $3,345$28,494
X-26 Total liabilitiesStart of year $159,592$3,597,197
X-27 Net assets without donor restrictionsStart of year $697,324$675,443
X-32 Total net assets or fund balancesStart of year $697,324$675,443
X-33 Total liabilities and net assetsStart of year $856,916$4,272,640
Part XI · Reconciliation of net assets $675,443 net assets at year end
XI-1 Total revenue$70,654
XI-2 Total expenses$85,231
XI-3 Revenue less expenses−$14,577
XI-4 Net assets at start of year$697,324
XI-9 Other changes in net assets−$7,304
XI-10 Net assets at end of year$675,443

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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