Civic Intelligence

Greater Hempstead Housing Development Fund Corporation

990 • Fiscal year 2016 • EIN 11-2223242

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization Profilewww.greaterhempstead.org
1 Old Country RdCarle Place, NY 11514

(516) 408-6264

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.62x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

2nd percentile

-228%

Higher net margin than 2% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$30,000

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

5th percentile

-13%

Faster asset growth than 5% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$3,065,936

Down $475,159 (-13%) from 2015

Net Assets

Down

$3,005,442

Down $221,311 (-6.9%) from 2015

Liabilities

Down

$60,494

Down $253,848 (-81%) from 2015

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin2nd percentile

Revenue

Up

$97,021

Up $974,049 (+111%) from 2015

Expenses

Down

$318,332

Down $121,832 (-28%) from 2015

Net Income

Up

-$221,311

Up $1,095,881 (+83%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $9,015,835Liabilities 2010: $841,274Net Assets 2010: $8,174,5612010Assets 2011: $8,628,776Liabilities 2011: $956,840Net Assets 2011: $7,671,9362011Assets 2012: $6,650,443Liabilities 2012: $779,093Net Assets 2012: $5,871,3502012Assets 2013: $5,433,933Liabilities 2013: $663,654Net Assets 2013: $4,770,2792013Assets 2014: $4,346,954Liabilities 2014: $751,665Net Assets 2014: $3,595,2892014Assets 2015: $3,541,095Liabilities 2015: $314,342Net Assets 2015: $3,226,7532015Assets 2016: $3,065,936Liabilities 2016: $60,494Net Assets 2016: $3,005,4422016Assets 2017: $3,095,864Liabilities 2017: $57,955Net Assets 2017: $3,037,9092017Assets 2018: $3,119,065Liabilities 2018: $128,838Net Assets 2018: $2,990,2272018Assets 2019: $3,155,773Liabilities 2019: $170,094Net Assets 2019: $2,985,6792019Assets 2020: $3,205,267Liabilities 2020: $216,014Net Assets 2020: $2,989,2532020

Highlighted filing

2016

Assets$3,065,936
Liabilities$60,494
Net Assets$3,005,442
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$0-$1.0M-$2.0MExpenses 2010: $855,5982010Expenses 2011: $800,8752011Expenses 2012: $925,0032012Revenue 2013: -$121,255Expenses 2013: $710,473Net Income 2013: -$831,7282013Revenue 2014: -$287,136Expenses 2014: $550,591Net Income 2014: -$837,7272014Revenue 2015: -$877,028Expenses 2015: $440,164Net Income 2015: -$1,317,1922015Revenue 2016: $97,021Expenses 2016: $318,332Net Income 2016: -$221,3112016Revenue 2017: $98,945Expenses 2017: $66,478Net Income 2017: $32,4672017Revenue 2018: $101,341Expenses 2018: $104,023Net Income 2018: -$2,6822018Revenue 2019: $101,563Expenses 2019: $106,111Net Income 2019: -$4,5482019Revenue 2020: $102,304Expenses 2020: $98,730Net Income 2020: $3,5742020

Highlighted filing

2016

Revenue$97,021
Expenses$318,332
Net Income-$221,311
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$97,021
Mission and Program Overview

Mission

Search for and purchase, renovate, and operate affordable housing to low income famalies resulting in the improvement of living conditions in a depressed area of nassau county, n.y.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,338,350$2,364,525▲ $26,175
Land, Buildings, and Equipment, Net$422,507$412,942▼ $9,565
Prepaid Expenses and Deferred Charges$135,212$171,074▲ $35,862
Cash and Non-Interest-Bearing Accounts$41,288$117,395▲ $76,107
Accounts Receivable$100$0▼ $100
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,541,095$3,065,936▼ $475,159
Other Assets Total$603,638$0▼ $603,638
Liabilities
Accounts Payable and Accrued Expenses$283,342$29,494▼ $253,848
Grants Payable$25,000$25,000→ $0
Other Liabilities$6,000$6,000→ $0
Total Liabilities$314,342$60,494▼ $253,848
Net Assets / Fund Balance
Unrestricted Net Assets$3,226,753$3,005,442▼ $221,311
Total Net Assets Fund Balance$3,226,753$3,005,442▼ $221,311
Total Liabilities and Net Assets / Fund Balance$3,541,095$3,065,936▼ $475,159

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$286,148$91,665$377,813
Land$126,794-$126,794
Other Land Buildings-$126,172$126,172
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Miles MerrittTreasurerPT$30,000$30,000

Board Members and Trustees

NameTitle
Walter S KershawChairman/ & Pre
Willie RicksVice Chairman
Harry RansomDirector
Shirley WhiteSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
-Public Relations180 HILTON AVE APT C8, Hempstead, NY 11550-
Polansky Kulberg & Co LLPAccounting & TaxesONE OLD COUNTRY ROAD SUITE 295, Carle Place, NY 11514-
The Scher Law FirmLegal ServicesONE OLD COUNTRY ROD, Carle Place, NY 11514-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,341
Investment Income
$0
Other Revenue
$66,680
Change in Net Assets
$-221,311

Audited Revenue Reconciliation

Revenue per Audited Statements
$97,021
Total Revenue per Audited Statements
$97,021
Total Revenue per Form 990
$97,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,332
Salaries, Compensation, and Employee Benefits$30,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$32,307--$32,307
Current Officers, Directors, Trustees, and Key Employees$30,000--$30,000
Insurance$22,299--$22,299
Depreciation Depletion$9,565--$9,565
Occupancy$8,813--$8,813
Office Expenses$5,253--$5,253
Fees for Services Legal$3,272--$3,272
All Other Expenses$333--$333
Other Expenses$300--$300
Total Functional Expenses$318,332$0$0$318,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$318,332
Total Expenses per Audited Statements$318,332
Total Expenses per Form 990$318,332
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants Security Deposits$6,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Discussed with outside auditors in conjunction with audited financial statements.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Discussed ay board of directors meetings.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents maintained in the office and are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Hempstead Housing Development
EIN
11-2223242
Phone
5164086264
Address
1 OLD COUNTRY RD, CARLE PLACE, NY 11514

Signing Officer

Name
Miles Merritt
Title
Treasurer
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter S Kershaw
Formed
1970
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Polansky Kulberg & Co LLP
Address
One Old Country Road Ste 295, Carle Place, NY 11514
Preparer
Jerry Sclair
Phone
5167413500
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IRS990/PrincipalOfficerNm0WALTER S KERSHAW
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
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IRS990/ProgramServiceRevenueGrp/Desc2LOW RENTAL HOUSING RENTAL
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IRS990/PYOtherRevenueAmt065575
IRS990/PYProgramServiceRevenueAmt085307
IRS990/PYRevenuesLessExpensesAmt0-1317192
IRS990/PYSalariesCompEmpBnftPaidAmt062900
IRS990/PYTotalExpensesAmt0440164
IRS990/PYTotalRevenueAmt0-877028
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-221311
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt091665
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0377813
IRS990ScheduleD/ExpensesSubtotalAmt0318332
IRS990ScheduleD/LandGrp/BookValueAmt0126794
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126794
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0126172
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126172
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS SECURITY DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0412942
IRS990ScheduleD/TotalExpensesPerForm990Amt0318332
IRS990ScheduleD/TotalLiabilityAmt06000
IRS990ScheduleD/TotalRevenuePerForm990Amt097021
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt097021
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0318332
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISCUSSED WITH OUTSIDE AUDITORS IN CONJUNCTION WITH AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSED AY BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS MAINTAINED IN THE OFFICE AND ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt6GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt7GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt8GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt9GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt10GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt11GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt12GHHDFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt012 KOEPPEL HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt116 KOEPPEL PLACE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt212 MAPLE AVENUE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt317 MAPLE AVENUE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt44 LINDEN AVENUE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt533 LINDEN AVENUE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt637 LINDEN AVENUE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt7117 S FRANKLIN HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt8239 FRANLIN AVE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt9255 SOUTH FRANKLIN HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt10377 JERUSALEM AVE HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1172 EAST MARSHALL HOLDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1229 HASTINGS PLACE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0421717449
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1421717450
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2770684773
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN3421717448
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN4061818747
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN5061818742
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN6061818749
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN7263410748
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN8020786120
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN9830489730
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN10010883654
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN11061818739
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN12711007414
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd6NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd7NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd8NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd9NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd10NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd11NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd12NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,065,936
Liabilities
$60,494
Net assets
$3,005,442
Revenue
$97,021
Expenses
$318,332
Net income
-$221,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.22$2.99$0.10$0.10$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$0.17$2.99$0.10$0.11$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.13$2.99$0.10$0.10$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.06$3.04$0.10$0.07$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.07$0.06$3.01$0.10$0.32$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$0.31$3.23$0.88$0.44$1.32
2014Detailed filing. Detailed filing data is available for this year.$4.35$0.75$3.60$0.29$0.55$0.84
2013Detailed filing. Detailed filing data is available for this year.$5.43$0.66$4.77$0.12$0.71$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.65$0.78$5.87$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.63$0.96$7.67$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.02$0.84$8.17$0.86