ST MARK'S TERRACE DUNDEE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 223186268 501(c)(3) Housing & Shelter

PENN YAN, NY

Total Revenue
$345,142
Total Expenses
$389,304
Total Assets
$1,111,488
Net Assets
$1,059,133
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
JAIMI SHOEMAKER
Phone
3155362440
Tax Period
2024-01-01 to 2024-12-31

ST MARK'S TERRACE DUNDEE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $345K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $389K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE A SECURE AND HOSPITABLE ENVIRONMENT THAT ENABLES ITS RESIDENTS TO MAINTAIN DIGNITY AND INDEPENDENCE, WITH ACCESS TO HEALTH CARE SERVICES, AS WELL AS SOCIAL, RECREATIONAL AND SPIRITUAL ACTIVITES.

Program Service Accomplishments

Program 1
Expenses: $279,446 Revenue: $338,277

HOUSING PROGRAM: TO PROVIDE AFFORDABLE AND SAFE HOUSING FOR LOW INCOME SENIORS IN DUNDEE, NEW YORK, THAT IS NEAR LOCAL AMENITIES SUCH AS GROCERY STORES, BANKS, CHURCHES, PUBLIC LIBRARY, POST OFFICE...

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HOUSING PROGRAM: TO PROVIDE AFFORDABLE AND SAFE HOUSING FOR LOW INCOME SENIORS IN DUNDEE, NEW YORK, THAT IS NEAR LOCAL AMENITIES SUCH AS GROCERY STORES, BANKS, CHURCHES, PUBLIC LIBRARY, POST OFFICE, PHARMACIES, RESTAURANTS AND SHOPPING DISTRICT ATTRACTS MANY SENIORS WHO MAY NO LONGER DESIRE TO DRIVE. TENANTS MUST BE 62 YEARS OF AGE OR OLDER AND ARE ABLE TO MANAGE LIVING INDEPENDENTLY. RENTAL SUBSIDY MAY BE AVAILABLE FOR THOSE WHO QUALIFY. 39 TENANTS SERVED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $338,277
Investment Income $718
Other Revenue $6,147
TOTAL REVENUE $345,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,893
Fundraising Expenses $0
Program Expenses $279,446
Other Expenses $213,411
TOTAL EXPENSES $389,304

Year-over-Year Comparison

2024 2023 Change
Revenue $345,142 $305,944 +0.1%
Expenses $389,304 $359,197 +0.1%
Net Income $-44,162 $-53,253 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$117,561
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV COLUMBA SALAMONY PRESIDENT 0.50
Officer Director
$0 $0 $0
JAMES HARRIS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MARGIE LONG SECRETARY 0.50
Officer Director
$0 $0 $0
SUSAN BARON BOARD MEMBER 0.50
Director
$0 $0 $0
JESSICA BACHER BOARD MEMBER 0.50
Director
$0 $0 $0
GAIL BELMORE TREASURER 0.50
Officer Director
$0 $0 $0
RAY SPENCER BOARD MEMBER 0.50
Director
$0 $0 $0
DR CRAIG SANDBERG BOARD MEMBER 0.50
Director
$0 $0 $0
JIM HENDERSON BOARD MEMBER 0.50
Director
$0 $0 $0
ANNE WOLDEN BOARD MEMBER 0.50
Director
$0 $0 $0
DEBRA HAFLEIGH ADMINISTRATOR 20.00
Officer
$47,313 $13,294 $117,561
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $345,142 $389,304 $1,111,488 $-44,162
2023 $305,944 $359,197 $1,154,553 $-53,253
2022 $299,959 $367,793 $1,203,343 $-67,834
2021 $299,967 $338,238 $1,281,696 $-38,271
2020 $338,637 $311,478 $1,312,409 $27,159
2019 $369,052 $363,598 $1,339,544 $5,454
2018 $368,913 $368,787 $1,390,477 $126
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