Civic Intelligence

Greater Hempstead Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 11-2223242

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 25, 2019

Organization Profilewww.greaterhempstead.org
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

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

46th percentile

1.27x

Higher debt load relative to revenue than 46% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Net Margin

54th percentile

-2.6%

Higher net margin than 54% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$36,000

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 35.5% of source-year revenue.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Asset Growth

72nd percentile

0.7%

Faster asset growth than 72% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

2.4%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$3,119,065

Up $23,201 (+0.7%) from 2017

Net Assets

Down

$2,990,227

Down $47,682 (-1.6%) from 2017

Liabilities

Up

$128,838

Up $70,883 (+122%) from 2017

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin54th percentile

Revenue

Up

$101,341

Up $2,396 (+2.4%) from 2017

Expenses

Up

$104,023

Up $37,545 (+56%) from 2017

Net Income

Down

-$2,682

Down $35,149 (-108%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2018

Assets$3,119,065
Liabilities$128,838
Net Assets$2,990,227
Open 2018 Filing

Operations Trend

Revenue Growth56th percentile

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

2018

Revenue$101,341
Expenses$104,023
Net Income-$2,682
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$101,341
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$2,391,441$2,419,119▲ $27,678
Land, Buildings, and Equipment, Net$403,377$393,812▼ $9,565
Prepaid Expenses and Deferred Charges$210,783$250,310▲ $39,527
Cash and Non-Interest-Bearing Accounts$90,263$55,824▼ $34,439
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$3,095,864$3,119,065▲ $23,201
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$26,955$97,837▲ $70,882
Grants Payable$25,000$25,000→ $0
Other Liabilities$6,000$6,001▲ $1
Total Liabilities$57,955$128,838▲ $70,883
Net Assets / Fund Balance
Unrestricted Net Assets$3,037,909$2,990,227▼ $47,682
Total Net Assets Fund Balance$3,037,909$2,990,227▼ $47,682
Total Liabilities and Net Assets / Fund Balance$3,095,864$3,119,065▲ $23,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$267,018$110,795$377,813
Land$126,794-$126,794
Other Land Buildings-$126,172$126,172
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Miles MerrittTreasurerPT$7,500$28,500$36,000

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
$33,000
Investment Income
$0
Other Revenue
$68,341
Change in Net Assets
$-2,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,519
Salaries, Compensation, and Employee Benefits$39,454
Grants and Similar Amounts Paid$9,050
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,000--$36,000
Insurance$12,516--$12,516
Depreciation Depletion$9,565--$9,565
Grants to Domestic Orgs$9,050--$9,050
Payroll Taxes$3,454--$3,454
Office Expenses$1,846--$1,846
Occupancy$1,750--$1,750
All Other Expenses$1,227--$1,227
Other Expenses$1,039--$1,039
Fees for Services Legal$1,034--$1,034
Total Functional Expenses$104,023$0$0$104,023
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
Rounding$1
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
2019-10-25
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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126794
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS SECURITY DEPOSITS
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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
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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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
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1INACTIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2INACTIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3INACTIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt4INACTIVE
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt9INACTIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt10INACTIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt11REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt12INACTIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0377 JERUSALEM AVE

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,119,065
Liabilities
$128,838
Net assets
$2,990,227
Revenue
$101,341
Expenses
$104,023
Net income
-$2,682
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
2018Detailed filing. Detailed filing data is available for this year.$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