Civic Intelligence

Vip Rjp Housing Development Fund

EIN 02-0698509 • 501(c)3 • Bronx, NY

Profile

To provide clean, affordable housing to low-income residents in the south bronx, ny.

770 East 176 StBronx, NY 10460

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

1.07x

Higher debt load relative to assets than 71% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

11.02x

Higher debt load relative to revenue than 83% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Net Margin

22nd percentile

-45%

Higher net margin than 22% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$458,160

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 113.5% of source-year revenue.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Asset Growth

35th percentile

-3.2%

Faster asset growth than 35% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

115%

Faster revenue growth than 91% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,145,605

Down $138,065 (-3.2%) from 2023

Liabilities

Up

$4,446,096

Up $44,208 (+1.0%) from 2023

Net Assets

Down

-$300,491

Down $182,273 (-154%) from 2023

Revenue

Up

$403,493

Up $216,165 (+115%) from 2023

Expenses

Up

$585,766

Up $280,220 (+92%) from 2023

Net Income

Down

-$182,273

Down $64,055 (-54%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $1Liabilities 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $4,283,670Liabilities 2023: $4,401,888Net Assets 2023: -$118,2182023Assets 2024: $4,145,605Liabilities 2024: $4,446,096Net Assets 2024: -$300,4912024

Highlighted filing

2024

Assets$4,145,605
Liabilities$4,446,096
Net Assets-$300,491

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $187,328Expenses 2023: $305,546Net Income 2023: -$118,2182023Revenue 2024: $403,493Expenses 2024: $585,766Net Income 2024: -$182,2732024

Highlighted filing

2024

Revenue$403,493
Expenses$585,766
Net Income-$182,273

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 17, 2025
Return Version
2023v6.0
Gross Receipts
$403,493
Mission and Program Overview

Mission

The organization's primary activity is providing low income housing to homeless families of new york state and operation of a building funded by low income housing tax credits. The organization maintains the housing facilities while partnering with vocational instruction project community services inc., an irs recognized 501(c)(3), to provide social services to the families. Above 65% of time will be dedicated to provided program services to the residents. The activities are funded by rental income from residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,034,062$3,898,391▼ $135,671
Accounts Receivable$38,424$31,346▼ $7,078
Cash and Non-Interest-Bearing Accounts$31,951$30,425▼ $1,526
Prepaid Expenses and Deferred Charges$23,567$27,480▲ $3,913
Total Assets$4,283,670$4,145,605▼ $138,065
Other Assets Total$155,666$157,963▲ $2,297
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,565,879$3,567,079▲ $1,200
Other Liabilities$800,745$836,807▲ $36,062
Accounts Payable and Accrued Expenses$28,856$23,544▼ $5,312
Deferred Revenue$6,408$18,666▲ $12,258
Total Liabilities$4,401,888$4,446,096▲ $44,208
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-118,218$-300,491▼ $182,273
Total Net Assets Fund Balance$-118,218$-300,491▼ $182,273
Total Liabilities and Net Assets / Fund Balance$4,283,670$4,145,605▼ $138,065

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,781,082$2,448,749$6,229,831
Equipment$75,619$107,896$183,515
Leasehold Improvements$38,690$8,170$46,860
Land$3,000-$3,000
Other Assets Org$3,165--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$400,947
Investment Income
$2,546
Other Revenue
$0
Change in Net Assets
$-182,273

Audited Revenue Reconciliation

Revenue per Audited Statements
$403,493
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-4,969
Total Revenue per Audited Statements
$398,524
Total Revenue per Form 990
$403,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$585,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$184,225--$184,225
Depreciation Depletion$167,960--$167,960
Fees for Services Other-$53,306-$53,306
Fees for Services Management-$43,521-$43,521
Interest$35,802--$35,802
Insurance$30,798--$30,798
Fees for Services Accounting-$10,900-$10,900
Fees for Services Legal-$8,830-$8,830
Office Expenses-$6,474-$6,474
Other Expenses$4,969$4,798-$4,798
Total Functional Expenses$431,019$154,747$0$585,766

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$585,766
Expenses per Audited Statements$580,797
Total Expenses per Audited Statements$580,797
Expenses Not Reported on Financial Statements$4,969
Other Expense Adjustments$4,969
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$626,533
Due to Rjp General Partner$167,941
Due to Related Party$27,334
Tenant Seurity Deposits$14,999
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The property management is handled by dougert management, an unrelated party hired by the entity and compensated $29,481. Asset management and resident services are carried out by the sponsor, vip community services, for which the entity compensated $14,040 for accounting and administrative services.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent accountant and reviewed by the audit committee of the vip board and distributed to rjp hdfc board for comments and approval prior to filing with irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest declarations are filled out on an annual basis and reviewed by the compliance officer and the board of vip.

Form 990, Part VI, Section C, Line 19

All documents are available upon request at the management office.

FORM 990, PART VII, SECTION A:

Debbian fletcher-blake and frank kploanyi are officers of vip community services inc., a related organization. During the year, each of them worked 31 hours for vip community services inc. And affiliates and 4 hours each for the organization.

Filing and Contact Details

Filer

Filer Name
Vip Rjp Housing Development Fund
EIN
02-0698509
Phone
7185835150
Address
770 EAST 176 ST, BRONX, NY 10460

Signing Officer

Name
Debbian Fletcher-blake
Title
CEO
Phone
2123247026
Signed
2025-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbian Fletcher-blake
Formed
2003
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Cbiz Advisors LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change in auditor selection and audit oversight process from the prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation believes it has no uncertain tax positions as of june 30, 2024 and 2023 in accordance with accounting standards codification ("asc") topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

VACANCY LOSS -4,969.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

VACANCY LOSS 4,969.

Raw XML AppendixShowing 400 of 692 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt028856
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt023544
IRS990/AccountsReceivableGrp/BOYAmt038424
IRS990/AccountsReceivableGrp/EOYAmt031346
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S PRIMARY ACTIVITY IS PROVIDING LOW INCOME HOUSING TO HOMELESS FAMILIES OF NEW YORK STATE AND OPERATION OF A BUILDING FUNDED BY LOW INCOME HOUSING TAX CREDITS. THE ORGANIZATION MAINTAINS THE HOUSING FACILITIES WHILE PARTNERING WITH VOCATIONAL INSTRUCTION PROJECT COMMUNITY SERVICES INC., AN IRS RECOGNIZED 501(C)(3), TO PROVIDE SOCIAL SERVICES TO THE FAMILIES. ABOVE 65% OF TIME WILL BE DEDICATED TO PROVIDED PROGRAM SERVICES TO THE RESIDENTS. THE ACTIVITIES ARE FUNDED BY RENTAL INCOME FROM RESIDENTS.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KEVIN ALTER VP DOUGERT MANAGEMENT CORP
IRS990/BooksInCareOfDetail/PhoneNum02123247026
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0770 EAST 176 ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010460
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt031951
IRS990/CashNonInterestBearingGrp/EOYAmt030425
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02546
IRS990/CYOtherExpensesAmt0585766
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0400947
IRS990/CYRevenuesLessExpensesAmt0-182273
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0585766
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0403493
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt06408
IRS990/DeferredRevenueGrp/EOYAmt018666
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0167960
IRS990/DepreciationDepletionGrp/TotalAmt0167960
IRS990/Desc0THE ORGANIZATION'S PRIMARY ACTIVITY IS PROVIDING LOW INCOME HOUSING TO HOMELESS FAMILIES OF NEW YORK STATE AND OPERATION OF A BUILDING FUNDED BY LOW INCOME HOUSING TAX CREDITS. THE ORGANIZATION MAINTAINS THE HOUSING FACILITIES WHILE PARTNERING WITH VOCATIONAL INSTRUCTION PROJECT COMMUNITY SERVICES INC., AN IRS RECOGNIZED 501(C)(3), TO PROVIDE SOCIAL SERVICES TO THE FAMILIES. ABOVE 65% OF TIME WILL BE DEDICATED TO PROVIDED PROGRAM SERVICES TO THE RESIDENTS. THE ACTIVITIES ARE FUNDED BY RENTAL INCOME FROM RESIDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0431019
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010900
IRS990/FeesForServicesAccountingGrp/TotalAmt010900
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt08830
IRS990/FeesForServicesLegalGrp/TotalAmt08830
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt043521
IRS990/FeesForServicesManagementGrp/TotalAmt043521
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt053306
IRS990/FeesForServicesOtherGrp/TotalAmt053306
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt631.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt731.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt629966
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt722729
IRS990/Form990PartVIISectionAGrp/PersonNm0JODI STURGEON
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN P NERO
IRS990/Form990PartVIISectionAGrp/PersonNm2SALVATORE GOGLIORMELLA
IRS990/Form990PartVIISectionAGrp/PersonNm3SETH TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM TRUST JR
IRS990/Form990PartVIISectionAGrp/PersonNm5ZENALI TIRADO
IRS990/Form990PartVIISectionAGrp/PersonNm6DEBBIAN FLETCHER-BLAKE
IRS990/Form990PartVIISectionAGrp/PersonNm7FRANK KPLOANYI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6428194
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7281493
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0403493
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt030798
IRS990/InsuranceGrp/TotalAmt030798
IRS990/InterestGrp/ProgramServicesAmt035802
IRS990/InterestGrp/TotalAmt035802
IRS990/InvestmentIncomeGrp/ExclusionAmt02546
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02546
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02564815
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04034062
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03898391
IRS990/LandBldgEquipCostOrOtherBssAmt06463206
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE CLEAN, AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS IN THE SOUTH BRONX, NY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03565879
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03567079
IRS990/NetAssetsOrFundBalancesBOYAmt0-118218
IRS990/NetAssetsOrFundBalancesEOYAmt0-300491
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-118218
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-300491
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0184225
IRS990/OccupancyGrp/TotalAmt0184225
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06474
IRS990/OfficeExpensesGrp/TotalAmt06474
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0155666
IRS990/OtherAssetsTotalGrp/EOYAmt0157963
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1PAINTING
IRS990/OtherExpensesGrp/Desc2VACANCY LOSS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026918
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14798
IRS990/OtherExpensesGrp/ProgramServicesAmt07265
IRS990/OtherExpensesGrp/ProgramServicesAmt14969
IRS990/OtherExpensesGrp/TotalAmt026918
IRS990/OtherExpensesGrp/TotalAmt17265
IRS990/OtherExpensesGrp/TotalAmt24969
IRS990/OtherExpensesGrp/TotalAmt34798
IRS990/OtherLiabilitiesGrp/BOYAmt0800745
IRS990/OtherLiabilitiesGrp/EOYAmt0836807
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023567
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027480
IRS990/PrincipalOfficerNm0DEBBIAN FLETCHER-BLAKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0533110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0400947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0400947
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01685
IRS990/PYOtherExpensesAmt0305546
IRS990/PYOtherRevenueAmt02502
IRS990/PYProgramServiceRevenueAmt0183141
IRS990/PYRevenuesLessExpensesAmt0-118218
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0305546
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0187328
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-182273
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0400947
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2022 AMOUNT: $ 2,502.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02546
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01685
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0400947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0183141
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0584088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02546
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01685
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04231
IRS990ScheduleA/InvestmentIncomeCYPct00.00720
IRS990ScheduleA/InvestmentIncomePYPct00.00900
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02502
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02502
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98860
IRS990ScheduleA/PublicSupportPY509Pct00.97760
IRS990ScheduleA/PublicSupportTotal509Amt0584088
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0400947
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0183141
IRS990ScheduleA/Total509Grp/TotalAmt0584088
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0403493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0187328
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0590821
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03781082
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02448749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06229831
IRS990ScheduleD/EquipmentGrp/BookValueAmt075619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107896
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0183515
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04969
IRS990ScheduleD/ExpensesSubtotalAmt0580797
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt03000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038690
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08170
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt046860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014999
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1139799
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23165
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVES AND DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS: UTILITY
IRS990ScheduleD/OtherExpensesNotIncludedAmt04969
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2167941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3626533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SEURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RJP GENERAL PARTNER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherRevenueAmt0-4969
IRS990ScheduleD/RevenueNotReportedAmt0-4969
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0403493
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1VACANCY LOSS -4,969.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2VACANCY LOSS 4,969.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03898391
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0157963
IRS990ScheduleD/TotalExpensesPerForm990Amt0585766
IRS990ScheduleD/TotalLiabilityAmt0836807
IRS990ScheduleD/TotalRevenuePerForm990Amt0403493
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0398524
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0580797
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt075000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0353178
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1241446
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt112305
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013466
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110424
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt016
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt147
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBBIAN FLETCHER-BLAKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FRANK KPLOANYI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0458160
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1304222
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THE PRESIDENT/CEO IS ESTABLISHED BY THE RELATED ENTITY, VOCATIONAL INSTRUCTION PROJECT COMMUNITY SERVICES, INC.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY MANAGEMENT IS HANDLED BY DOUGERT MANAGEMENT, AN UNRELATED PARTY HIRED BY THE ENTITY AND COMPENSATED $29,481. ASSET MANAGEMENT AND RESIDENT SERVICES ARE CARRIED OUT BY THE SPONSOR, VIP COMMUNITY SERVICES, FOR WHICH THE ENTITY COMPENSATED $14,040 FOR ACCOUNTING AND ADMINISTRATIVE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY THE AUDIT COMMITTEE OF THE VIP BOARD AND DISTRIBUTED TO RJP HDFC BOARD FOR COMMENTS AND APPROVAL PRIOR TO FILING WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST DECLARATIONS ARE FILLED OUT ON AN ANNUAL BASIS AND REVIEWED BY THE COMPLIANCE OFFICER AND THE BOARD OF VIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEBBIAN FLETCHER-BLAKE AND FRANK KPLOANYI ARE OFFICERS OF VIP COMMUNITY SERVICES INC., A RELATED ORGANIZATION. DURING THE YEAR, EACH OF THEM WORKED 31 HOURS FOR VIP COMMUNITY SERVICES INC. AND AFFILIATES AND 4 HOURS EACH FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN AUDITOR SELECTION AND AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.