2024-02-13T23:13:54-06:00 2023-03-31 454051133 FREED MAXICK CPAS PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2022-04-01 161321037 NEW OPPORTUNITIES COMMUNITY HOUSING DEVELOPMENT CORP NEWO 7168847791 2393 MAIN STREET BUFFALO NY 14214 MICHAEL RIEGEL PRESIDENT 7168847791 2024-02-12 1 MICHAEL RIEGEL 999009999 1 MARY MADONIA P00405803 7168472651 2024-02-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL RIEGEL 2393 MAIN STREET BUFFALO NY 14214 29422 0 X N/A X 1993 NY TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS OF WNY. 6 0 0 0 0 0 19442 16471 4450 9450 3502 3501 125 0 27519 29422 0 0 0 0 0 0 0 0 0 96807 106202 96807 106202 -69288 -76780 1209578 1030077 953450 850729 256128 179348 TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS OF WNY. 0 0 87319 9450 PROVIDED FOR THE ACQUISITION AND REHABILITATION OR CONSTRUCTION OF SINGLE-FAMILY HOMES IN ORDER TO ESTABLISH HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS. 87319 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 NY X X AARON HEJMOWSKI 7168847791 2393 MAIN STREET BUFFALO NY 14214 AARON HEJMOWSKI BOARD MEMBER/TREASURER 0.50 34.50 X X 0 138293 23006 PAMELA BERGER BOARD MEMBER/SECRETARY 0.50 34.50 X X 0 127848 12476 MICHAEL D RIEGEL BOARD MEMBER/PRESIDENT 0.50 35.50 X X 0 191328 22675 ALICE LANIER BOARD MEMBER/2ND VICE PR 0.50 34.50 X X 0 42396 9314 BRAD A PACKARD BOARD MEMBER/1ST VICE PR 0.50 34.50 X X 0 149427 7501 JUDITH SCOTT BOARD MEMBER 0.50 34.50 X 0 87069 11094 0 736361 86066 0 0 1 0 0 16471 16471 DEVELOPER FEES 531390 9450 9450 9450 3501 3501 29422 9450 0 3501 4979 4979 13904 13904 2523 2523 60082 60082 CONSULTING 9450 9450 REAL ESTATE TAXES 6679 6679 REPAIRS & MAINTENANCE 6653 6653 UTILITIES 1932 1932 106202 87319 18883 0 51306 16102 35270 36597 350000 350000 773002 627378 1209578 1030077 180289 223192 773161 627537 953450 850729 X 256128 179348 256128 179348 1209578 1030077 -76780 0 X X 0 1 X 0 1 1 X 15236 65595 18649 19442 16471 135393 21079 19942 12050 4575 9450 67096 36315 85537 30699 24017 25921 202489 0 0 0 202489 3508 3506 3503 3502 3501 17520 3508 3506 3503 3502 3501 17520 39823 89043 34202 27519 29422 220009 0.92040 0.92960 0.07960 0.07040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LAND AND BUILDING HELD FOR RESALE 233572 RESTRICTED CASH 393806 627378 X 29422 0 29422 0 29422 106202 0 106202 0 106202 PART X, LINE 2: THE COMPANY IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. US GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE IN THE COMPANY'S INCOME TAX RETURNS. ORGANIZATIONS TAKE MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME AS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE COMPANY HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS. THE COMPANY FILES ITS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IN THE U.S. FEDERAL JURISDICTION AND ITS ANNUAL FILING OF CHARITABLE ORGANIZATIONS IN NEW YORK STATE. 0 0 0 0 0 0 0 0 0 MICHAEL D RIEGEL BOARD MEMBER/PRESIDENT 0 191328 0 0 0 0 0 6943 0 15732 0 214003 0 0 AARON HEJMOWSKI BOARD MEMBER/TREASURER 0 138293 0 0 0 0 0 7274 0 15732 0 161299 0 0 BRAD A PACKARD BOARD MEMBER/1ST VICE PR 0 149427 0 0 0 0 0 7501 0 0 0 156928 0 0 PART I, LINE 3 ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. IT IS REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY IS PROVIDED TO THE ENTIRE BOARD AT A LATER DATE. FORM 990, PART VI, SECTION B, LINE 12 THE FILING ORGANIZATION IS CURRENTLY REVIEWING THE FUTURE IMPLEMENTATION OF CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. HOWEVER, THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY, INC. BELMONT HAS IMPLEMENTED ALL THREE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE THE HR AND COMPENSATION COMMITTEEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDES MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, INTERNAL POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS AND THE INDEPENDENT ACCOUNTANT SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR. 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