Civic Intelligence

West End Gardens Housing Develop- Ment Fund Company Inc.

990 • Fiscal year 2019 • EIN 11-2576019

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 22, 2019

4006-18th AvenueBrooklyn, NY 11218

(718) 435-1300

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

89%

Higher net margin than 97% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Asset Growth

78th percentile

3.7%

Faster asset growth than 78% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

4.3%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,304,606

Up $118,014 (+3.7%) from 2018

Net Assets

Up

$3,304,606

Up $118,014 (+3.7%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$132,199

Up $5,465 (+4.3%) from 2018

Expenses

Down

$14,185

Down $70,100 (-83%) from 2018

Net Income

Up

$118,014

Up $75,565 (+178%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,920,312Liabilities 2011: $477,696Net Assets 2011: $2,442,6162011Assets 2012: $2,924,063Liabilities 2012: $454,674Net Assets 2012: $2,469,3892012Assets 2013: $3,011,369Liabilities 2013: $481,821Net Assets 2013: $2,529,5482013Assets 2014: $3,050,587Liabilities 2014: $501,321Net Assets 2014: $2,549,2662014Assets 2015: $3,124,752Liabilities 2015: $94,526Net Assets 2015: $3,030,2262015Assets 2016: $3,108,593Liabilities 2016: $40,000Net Assets 2016: $3,068,5932016Assets 2017: $3,144,143Liabilities 2017: $0Net Assets 2017: $3,144,1432017Assets 2018: $3,186,592Liabilities 2018: $0Net Assets 2018: $3,186,5922018Assets 2019: $3,304,606Liabilities 2019: $0Net Assets 2019: $3,304,6062019Assets 2020: $3,404,310Liabilities 2020: $20,000Net Assets 2020: $3,384,3102020Assets 2021: $3,518,478Liabilities 2021: $20,000Net Assets 2021: $3,498,4782021Assets 2022: $3,647,582Liabilities 2022: $40,000Net Assets 2022: $3,607,5822022Assets 2023: $3,501,893Liabilities 2023: $0Net Assets 2023: $3,501,8932023Assets 2024: $3,623,950Liabilities 2024: $50,000Net Assets 2024: $3,573,9502024

Highlighted filing

2019

Assets$3,304,606
Liabilities$0
Net Assets$3,304,606

Operations Trend

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

$500K$0-$500KExpenses 2011: $25,6492011Expenses 2012: $73,6072012Revenue 2013: $96,321Expenses 2013: $36,162Net Income 2013: $60,1592013Revenue 2014: $99,792Expenses 2014: $80,074Net Income 2014: $19,7182014Revenue 2015: $104,497Expenses 2015: -$376,463Net Income 2015: $480,9602015Revenue 2016: $111,532Expenses 2016: $73,165Net Income 2016: $38,3672016Revenue 2017: $119,645Expenses 2017: $44,095Net Income 2017: $75,5502017Revenue 2018: $126,734Expenses 2018: $84,285Net Income 2018: $42,4492018Revenue 2019: $132,199Expenses 2019: $14,185Net Income 2019: $118,0142019Revenue 2020: $133,559Expenses 2020: $53,855Net Income 2020: $79,7042020Revenue 2021: $134,248Expenses 2021: $20,080Net Income 2021: $114,1682021Revenue 2022: $136,734Expenses 2022: $27,630Net Income 2022: $109,1042022Revenue 2023: $164,681Expenses 2023: $270,370Net Income 2023: -$105,6892023Revenue 2024: $139,140Expenses 2024: $67,082Net Income 2024: $72,0582024

Highlighted filing

2019

Revenue$132,199
Expenses$14,185
Net Income$118,014
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 22, 2019
Return Version
2018v3.1
Gross Receipts
$132,199
Mission and Program Overview

Mission

West end gardens housing development fund's mission is to provide housing for low income families.

Provide housing for low income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,568,327$2,648,388▲ $80,061
Savings and Temporary Cash Investments$615,654$622,712▲ $7,058
Cash and Non-Interest-Bearing Accounts$2,611$33,506▲ $30,895
Total Assets$3,186,592$3,304,606▲ $118,014
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,186,592$3,304,606▲ $118,014
Total Net Assets Fund Balance$3,186,592$3,304,606▲ $118,014
Total Liabilities and Net Assets / Fund Balance$3,186,592$3,304,606▲ $118,014
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SingerPresident
Menachem ShayovichSecy/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$132,199
Other Revenue
$0
Change in Net Assets
$118,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,000
Other Expenses$4,185
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting-$3,500-$3,500
Other Expenses-$275-$275
Total Functional Expenses$10,000$4,185$0$14,185
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Southern Brooklyn Community OrganizationBrooklyn, NY501(c)3To Subidize Food Program$10,000
Borough Park Housing CorporationBrooklyn, NY501(c)3To Establish & Support Fund for Low Income Housing-
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Section B, line 11B

The tax return is delivered in draft form for review by the officers. Once reviewed and changes made, the returns are finalized and mailed to the executive office for signature.

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

Board members and key employees fill out a conflict of interest policy. If an issue arises during the year it is discussed at next board meeting

Form 990, Part VI, Section B, line 15

There are no compensated officers or employees currently. If the organization will compensate any officer or employee it will follow the company compensation policy. Company policy: compensation for all officers will be reviewed by the board of trustees. An analysis of salaries & benefits is prepared. Comparable organization compensation packages are compilied from form 990's filed with the internal revenue service. The analysis is presented to the board for review. This is process is completed without participation of compensated members of the board. All compensation decisions requires unanimous approval of the voting members of the board. Upon approval, the board informs the salaried officers of the board decision.

Form 990, Part VI, Section C, line 19

The annual tax return, the governing documents & financial statements are available for public inspection.

Filing and Contact Details

Filer

Filer Name
West End Gardens Housing Development
EIN
11-2576019
Phone
7184351300
Address
4006-18TH AVENUE, BROOKLYN, NY 11218

Signing Officer

Name
David Singer
Title
President
Phone
7184351300
Signed
2019-11-22

Organization Details

Principal Officer
David Singer
Formed
1981
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
HIRSCHOELBAUMBRAM & HANOVER CPA's PC
Address
111 BROADWAY, NEW YORK, NY 10006
Preparer
Samuel Oelbaum
Phone
2122278034
Raw XML Appendix306 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.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS ELIGIBILTY RECORDS OF ALL GRANT RECIPIENTS. EACH APPLICANT RECORD IS REVIEWED AND SUBJECT TO DETERMINATION BASED UPON QUALIFING CRITERIA INCLUDING FOLLOW UP MONITORING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS DELIVERED IN DRAFT FORM FOR REVIEW BY THE OFFICERS. ONCE REVIEWED AND CHANGES MADE, THE RETURNS ARE FINALIZED AND MAILED TO THE EXECUTIVE OFFICE FOR SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND KEY EMPLOYEES FILL OUT A CONFLICT OF INTEREST POLICY. IF AN ISSUE ARISES DURING THE YEAR IT IS DISCUSSED AT NEXT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMPENSATED OFFICERS OR EMPLOYEES CURRENTLY. IF THE ORGANIZATION WILL COMPENSATE ANY OFFICER OR EMPLOYEE IT WILL FOLLOW THE COMPANY COMPENSATION POLICY. COMPANY POLICY: COMPENSATION FOR ALL OFFICERS WILL BE REVIEWED BY THE BOARD OF TRUSTEES. AN ANALYSIS OF SALARIES & BENEFITS IS PREPARED. COMPARABLE ORGANIZATION COMPENSATION PACKAGES ARE COMPILIED FROM FORM 990'S FILED WITH THE INTERNAL REVENUE SERVICE. THE ANALYSIS IS PRESENTED TO THE BOARD FOR REVIEW. THIS IS PROCESS IS COMPLETED WITHOUT PARTICIPATION OF COMPENSATED MEMBERS OF THE BOARD. ALL COMPENSATION DECISIONS REQUIRES UNANIMOUS APPROVAL OF THE VOTING MEMBERS OF THE BOARD. UPON APPROVAL, THE BOARD INFORMS THE SALARIED OFFICERS OF THE BOARD DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL TAX RETURN, THE GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum07184351300
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST END GARDENS HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0112576019
ReturnHeader/Filer/PhoneNum07184351300
ReturnHeader/Filer/USAddress/AddressLine1Txt04006-18TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011218
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId042E67F6D5CA6445C220F50933290ABE09C6E8DE6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C807FC18CE4BCBE5D0F8C2AAB12AECF2BF9A87F9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.58.139.242
ReturnHeader/FilingSecurityInformation/IPDt02019-11-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:21:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133641196
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HIRSCHOELBAUMBRAM & HANOVER CPA's PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010006
ReturnHeader/PreparerPersonGrp/PhoneNum02122278034
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL OELBAUM
ReturnHeader/ReturnTs02020-01-22T16:08:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.62$0.05$3.57$0.14$0.07$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.16$0.27$0.11
2022Detailed filing. Detailed filing data is available for this year.$3.65$0.04$3.61$0.14$0.03$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.52$0.02$3.50$0.13$0.02$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.40$0.02$3.38$0.13$0.05$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$0.13$0.01$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.19$0.00$3.19$0.13$0.08$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.12$0.04$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.11$0.04$3.07$0.11$0.07$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.12$0.09$3.03$0.10$0.38$0.48
2014Detailed filing. Detailed filing data is available for this year.$3.05$0.50$2.55$0.10$0.08$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.48$2.53$0.10$0.04$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.45$2.47$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.48$2.44$0.03