2024-10-17T15:23:13-05:00 2023-12-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990EZ 2023-01-01 161364007 NATIVITY HOUSING DEVELOPMENT FUND COMPANY INC NATI 7168289479 790 RIDGE ROAD LACKAWANNA NY 14218 CINDY LEE SECRETARY 7168289751 2024-08-29 1 1 MELISSA SLATER P01275195 5853811000 2024-08-29 2023 2024-10-15 13:58:12Z X X WWW.OLVHS.ORG X X 107420 X 107420 107420 89607 9869 99476 7944 -159627 0 -151683 X 3621 1956 82164 68719 139869 145080 225654 215755 385281 367438 -159627 -151683 X NATIVITY HOUSING DEVELOPMENT FUND COMPANY, INC. WAS DEVELOPED AND OPERATES WITH FEDERAL HOUSING FINANCING. THE PROPERTY UTILIZES THE SECTION 202 SECTION 8 FEDERAL HOUSING PROGRAM TO MAKE RENT AFFORDABLE TO LOWER INCOME TENANTS. THE PROPERTY WAS DEVELOPED WITH FUNDING THROUGH THE HUD SECTION 202 SECTION 8 PROGRAM, WHICH PROVIDES FUNDING FOR ADULTS WHO ARE DISABLED OR 62 OR OLDER. NATIVITY IS AN AFFORDABLE APARTMENT COMMUNITY LOCATED AT 1080 COLVIN BLVD., TONAWANDA, NEW YORK, 14223 WHICH IS LOCATED IN ERIE COUNTY. THE PROPERTY CONSISTS OF 10 ASSISTED RENTAL UNITS. NATIVITY HOUSING DEVELOPMENT FUND COMPANY, INC. PROVIDES RENTAL SUBSIDIES TO RENTERS. THE TYPE OF SUBSIDY PROVIDED TO APARTMENT RENTERS BY THIS PROPERTY IS HUD 202 SECTION 8 RENTAL ASSISTANCE. THE SUBSIDY ALLOWS THE RENTER TO PAY 30% OF THEIR INCOME FOR RENT WHILE THE SUBSIDY PAYS THE DIFFERENCE. TO QUALIFY, A RENTER MUST EARN 50% OR LESS THAN THE AREA MEDIAN INCOME, AND BE DISABLED OR 62 YEARS OF AGE OR OLDER. 0 99479 99479 FATHER DAVID LIPUMA PRESIDENT 0.50 0 0 0 FATHER PETER J KARALUS VICE PRESIDENT 0.50 0 0 0 CINDY LEE SECRETARY 0.50 0 0 0 RHALLADAY SWANSON TREASURER 0.50 0 0 0 BISHOP MICHAEL W FISHER MEMBER 0.50 0 0 0 MICHAEL QUINN MEMBER 0.50 0 0 0 ELLEN MUSIALOWSKI MEMBER 0.50 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CINDY LEE 790 RIDGE ROAD LACKAWANNA NY 14218 7168289515 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 103577 102741 99937 108069 107420 521744 103577 102741 99937 108069 107420 521744 0 0 0 521744 113 46 25 2 0 186 113 46 25 2 186 103690 102787 99962 108071 107420 521930 0.99960 0.99950 0.00040 0.00050 X FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: OFFICE EXPENSE. AMOUNT: 2,251. DESCRIPTION: MANAGEMENT. AMOUNT: 4,794. DESCRIPTION: BOOKKEEPING. AMOUNT: 374. DESCRIPTION: LICENSES. AMOUNT: 901. DESCRIPTION: AUDIT EXPENSE. AMOUNT: 1,475. DESCRIPTION: LEGAL EXPENSE. AMOUNT: 74. TOTAL TO FORM 990-EZ, LINE 16: 9,869. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 2,469. END OF YEAR AMOUNT: 2,098. DESCRIPTION: REPLACEMENT RESERVE. BEG. OF YEAR AMOUNT: 136,727. END OF YEAR AMOUNT: 142,261. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 673. END OF YEAR AMOUNT: 721. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: MORTGAGE PAYABLE. BEG. OF YEAR AMOUNT: 144,804. END OF YEAR AMOUNT: 133,087. DESCRIPTION: NOTES PAYABLE DUE TO OLVHS. BEG. OF YEAR AMOUNT: 222,056. END OF YEAR AMOUNT: 222,055. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 2,469. END OF YEAR AMOUNT: 2,098. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,075. END OF YEAR AMOUNT: 5,082. DESCRIPTION: DUE TO FROM OLVHS. BEG. OF YEAR AMOUNT: 14,877. END OF YEAR AMOUNT: 4,864. DESCRIPTION: PREPAID REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 252. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.