Civic Intelligence

Greater Hempstead Housing Development Fund Corporation

990 • Fiscal year 2017 • EIN 11-2223242

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 12, 2018

261 South Franklin StHempstead, NY 11550

(516) 408-6263

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.59x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

42nd percentile

1.0%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.0%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,095,864

Up $29,928 (+1.0%) from 2016

Net Assets

Up

$3,037,909

Up $32,467 (+1.1%) from 2016

Liabilities

Down

$57,955

Down $2,539 (-4.2%) from 2016

Revenue

Up

$98,945

Up $1,924 (+2.0%) from 2016

Expenses

Down

$66,478

Down $251,854 (-79%) from 2016

Net Income

Up

$32,467

Up $253,778 (+115%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$3,095,864
Liabilities$57,955
Net Assets$3,037,909

Operations Trend

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

2017

Revenue$98,945
Expenses$66,478
Net Income$32,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 12, 2018
Return Version
2017v2.2
Gross Receipts
$98,945
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$2,364,525$2,391,441▲ $26,916
Land, Buildings, and Equipment, Net$412,942$403,377▼ $9,565
Prepaid Expenses and Deferred Charges$171,074$210,783▲ $39,709
Cash and Non-Interest-Bearing Accounts$117,395$90,263▼ $27,132
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$3,065,936$3,095,864▲ $29,928
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$29,494$26,955▼ $2,539
Grants Payable$25,000$25,000→ $0
Other Liabilities$6,000$6,000→ $0
Total Liabilities$60,494$57,955▼ $2,539
Net Assets / Fund Balance
Unrestricted Net Assets$3,005,442$3,037,909▲ $32,467
Total Net Assets Fund Balance$3,005,442$3,037,909▲ $32,467
Total Liabilities and Net Assets / Fund Balance$3,065,936$3,095,864▲ $29,928

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$276,583$101,230$377,813
Land$126,794-$126,794
Other Land Buildings-$126,172$126,172
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Miles MerrittTreasurerPT$6,000$6,000

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Polansky Kulberg & Co LLPAccounting & TaxesONE OLD COUNTRY ROAD SUITE 295, Carle Place, NY 11514-
The Scher Law FirmLegal ServicesONE OLD COUNTRY ROAD, Carle Place, NY 11514-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,500
Investment Income
$0
Other Revenue
$67,445
Change in Net Assets
$32,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,945
Total Revenue per Audited Statements
$98,945
Total Revenue per Form 990
$98,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,146
Salaries, Compensation, and Employee Benefits$6,912
Grants and Similar Amounts Paid$420
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$11,898--$11,898
Depreciation Depletion$9,565--$9,565
Current Officers, Directors, Trustees, and Key Employees$6,000--$6,000
Fees for Services Legal$3,449--$3,449
Occupancy$3,000--$3,000
Office Expenses$2,592--$2,592
All Other Expenses$934--$934
Payroll Taxes$912--$912
Other Expenses$605--$605
Grants to Domestic Orgs$420--$420
Total Functional Expenses$66,478$0$0$66,478

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$66,478
Total Expenses per Audited Statements$66,478
Total Expenses per Form 990$66,478
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
5164086263
Address
261 SOUTH FRANKLIN ST, HEMPSTEAD, NY 11550

Signing Officer

Name
Miles Merritt
Title
Treasurer
Signed
2018-06-12
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/PYProgramServiceRevenueAmt030341
IRS990/PYRevenuesLessExpensesAmt0-221311
IRS990/PYSalariesCompEmpBnftPaidAmt030000
IRS990/PYTotalExpensesAmt0318332
IRS990/PYTotalRevenueAmt097021
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126794
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0126172
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126172
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS SECURITY DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0403377
IRS990ScheduleD/TotalExpensesPerForm990Amt066478
IRS990ScheduleD/TotalLiabilityAmt06000
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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/GiftGrntOrCapContriToOthOrgInd0false
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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
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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
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd10NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd11NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd12NY
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