Civic Intelligence

Bhap Housing Development Fund Co Inc Co Shinda Management Corp

990 • Fiscal year 2016 • EIN 11-2591013

Oct 01, 2015 to Sep 30, 2016 • Filed on Jun 09, 2017

243 Kingston AvenueBrooklyn, NY 11213

(718) 756-1937

Siviq Scores

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

Liabilities / Assets

98th percentile

2.39x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

6.48x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

62nd percentile

1.5%

Higher net margin than 62% of similar nonprofits.

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

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

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

Asset Growth

29th percentile

-3.8%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

54th percentile

2.3%

Faster revenue growth than 54% of similar nonprofits.

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

Assets

Down

$4,529,400

Down $180,656 (-3.8%) from 2015

Net Assets

Up

-$6,277,641

Up $4,179 (+0.1%) from 2015

Liabilities

Down

$10,807,041

Down $184,835 (-1.7%) from 2015

Revenue

Up

$1,667,623

Up $37,989 (+2.3%) from 2015

Expenses

Up

$1,642,929

Up $19,859 (+1.2%) from 2015

Net Income

Up

$24,694

Up $18,130 (+276%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2011: $3,244,184Liabilities 2011: $9,921,872Net Assets 2011: -$6,677,6882011Assets 2012: $5,022,968Liabilities 2012: $11,484,782Net Assets 2012: -$6,461,8142012Assets 2013: $5,022,416Liabilities 2013: $11,341,504Net Assets 2013: -$6,319,0882013Assets 2014: $4,975,848Liabilities 2014: $11,264,232Net Assets 2014: -$6,288,3842014Assets 2015: $4,710,056Liabilities 2015: $10,991,876Net Assets 2015: -$6,281,8202015Assets 2016: $4,529,400Liabilities 2016: $10,807,041Net Assets 2016: -$6,277,6412016Assets 2017: $4,517,556Liabilities 2017: $10,700,443Net Assets 2017: -$6,182,8872017Assets 2018: $4,240,667Liabilities 2018: $10,599,034Net Assets 2018: -$6,358,3672018Assets 2019: $4,185,789Liabilities 2019: $10,521,929Net Assets 2019: -$6,336,1402019Assets 2020: $4,082,393Liabilities 2020: $10,524,620Net Assets 2020: -$6,442,2272020Assets 2021: $3,970,430Liabilities 2021: $10,588,412Net Assets 2021: -$6,617,9822021Assets 2022: $3,592,702Liabilities 2022: $10,434,177Net Assets 2022: -$6,841,4752022Assets 2023: $3,526,726Liabilities 2023: $10,295,903Net Assets 2023: -$6,769,1772023Assets 2024: $3,350,241Liabilities 2024: $10,197,118Net Assets 2024: -$6,846,8772024Assets 2025: $2,883,288Liabilities 2025: $9,773,778Net Assets 2025: -$6,890,4902025

Highlighted filing

2016

Assets$4,529,400
Liabilities$10,807,041
Net Assets-$6,277,641

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,599,996Expenses 2011: $1,549,828Net Income 2011: $50,1682011Expenses 2012: $1,356,7042012Revenue 2013: $1,601,412Expenses 2013: $1,494,139Net Income 2013: $107,2732013Revenue 2014: $1,618,647Expenses 2014: $1,587,943Net Income 2014: $30,7042014Revenue 2015: $1,629,634Expenses 2015: $1,623,070Net Income 2015: $6,5642015Revenue 2016: $1,667,623Expenses 2016: $1,642,929Net Income 2016: $24,6942016Revenue 2017: $1,719,603Expenses 2017: $1,646,442Net Income 2017: $73,1612017Revenue 2018: $1,687,453Expenses 2018: $1,817,983Net Income 2018: -$130,5302018Revenue 2019: $1,687,632Expenses 2019: $1,665,405Net Income 2019: $22,2272019Revenue 2020: $1,671,305Expenses 2020: $1,777,392Net Income 2020: -$106,0872020Revenue 2021: $1,552,409Expenses 2021: $1,728,164Net Income 2021: -$175,7552021Revenue 2022: $1,614,542Expenses 2022: $1,838,035Net Income 2022: -$223,4932022Revenue 2023: $1,824,561Expenses 2023: $1,752,263Net Income 2023: $72,2982023Revenue 2024: $1,751,038Expenses 2024: $1,850,888Net Income 2024: -$99,8502024Revenue 2025: $1,950,681Expenses 2025: $1,994,294Net Income 2025: -$43,6132025

Highlighted filing

2016

Revenue$1,667,623
Expenses$1,642,929
Net Income$24,694
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jun 9, 2017
Return Version
2015v3.0
Gross Receipts
$1,667,623
Mission and Program Overview

Mission

Provided low-income housing for the elderly and the handicapped

To provide low-income housing for the elderly and the handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,975,878$2,799,964▼ $175,914
Savings and Temporary Cash Investments$1,015,721$962,632▼ $53,089
Cash and Non-Interest-Bearing Accounts$99,175$246,675▲ $147,500
Prepaid Expenses and Deferred Charges$72,173$69,825▼ $2,348
Accounts Receivable$113,240$48,700▼ $64,540
Total Assets$4,710,056$4,529,400▼ $180,656
Other Assets Total$433,869$401,604▼ $32,265
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,706,968$10,597,269▼ $109,699
Accounts Payable and Accrued Expenses$261,483$183,514▼ $77,969
Other Liabilities$23,425$26,258▲ $2,833
Total Liabilities$10,991,876$10,807,041▼ $184,835
Net Assets / Fund Balance
Unrestricted Net Assets$-6,281,820$-6,277,641▲ $4,179
Total Net Assets Fund Balance$-6,281,820$-6,277,641▲ $4,179
Total Liabilities and Net Assets / Fund Balance$4,710,056$4,529,400▼ $180,656

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,667,583$3,507,819$6,175,402
Equipment$32,381$393,706$426,087
Land$100,000-$100,000
Other Assets Org$381,404--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gloria LeeChairperson
Lavern CoxVice Chairperson
Christine NewsonCorresponding Sec.
Camille JohnsonFinancial Secretary
Norma SinkclerMember
Shelly BushMember
Vera HudsonMember
William SuggsMember
Yvonne DecrumpSecretary
Morilyn FindlayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,666,941
Investment Income
$682
Other Revenue
$0
Change in Net Assets
$24,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,667,623
Total Revenue per Audited Statements
$1,667,623
Total Revenue per Form 990
$1,667,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,387,968
Salaries, Compensation, and Employee Benefits$254,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$311,286--$311,286
Depreciation Depletion$203,976--$203,976
Other Salaries and Wages$193,547--$193,547
Other Expenses$134,689--$134,689
Insurance$101,038--$101,038
All Other Expenses$82,181--$82,181
Fees for Services Management$61,523--$61,523
Other Employee Benefits$45,194--$45,194
Payroll Taxes$16,220--$16,220
Office Expenses$11,101--$11,101
Fees for Services Other$11,000--$11,000
Fees for Services Legal$8,148--$8,148
Fees for Services Accounting$945--$945
Total Functional Expenses$1,642,929$0$0$1,642,929

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,642,929
Total Expenses per Audited Statements$1,642,929
Total Expenses per Form 990$1,642,929
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
Miscellaneous Liabilities$20,200
Security Deposit$3,628
Federal income taxes$2,430
Prepaid Rent-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
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 managing agent receives the returns and review wth the board members before submission.

Form 990, Part VI, Section B, Line 15

All employees salaries are determined by the managing agent.

Filing and Contact Details

Filer

Filer Name
Bhap Housing Development Fund Co Inc
EIN
11-2591013
Phone
7187561937
Address
243 KINGSTON AVENUE, BROOKLYN, NY 11213

Signing Officer

Name
Russell Bramwell
Title
Agent
Signed
2017-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Lee
Formed
1997
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
4

Preparer

Firm
Grace Nkenke CPA
Address
221-10 JAMAICA AVENUE SUITE 207, QUEENS VILLAGE, NY 11428
Preparer
Grace Nkenke
Phone
7184681240
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IRS990/PYInvestmentIncomeAmt0462
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01385082
IRS990/PYProgramServiceRevenueAmt01629172
IRS990/PYRevenuesLessExpensesAmt06564
IRS990/PYSalariesCompEmpBnftPaidAmt0237988
IRS990/PYTotalExpensesAmt01623070
IRS990/PYTotalRevenueAmt01629634
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt024694
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01667623
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01015721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0962632
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01731481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01669673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01594643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01604719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01529864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08130380
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0643
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0991
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03308
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99300
IRS990ScheduleA/PublicSupportTotal170Amt08130380
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01731481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01669673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01594643
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01604719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01529864
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08130380
IRS990ScheduleA/TotalSupportAmt08133688
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02667583
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03507819
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06175402
IRS990ScheduleD/EquipmentGrp/BookValueAmt032381
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0393706
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0426087
IRS990ScheduleD/ExpensesSubtotalAmt01642929
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1381404
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FINANCE COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23628
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01667623
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02799964
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0401604
IRS990ScheduleD/TotalExpensesPerForm990Amt01642929
IRS990ScheduleD/TotalLiabilityAmt026258
IRS990ScheduleD/TotalRevenuePerForm990Amt01667623
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01667623
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01642929
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The managing agent receives the returns and review wth the board members before submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All employees salaries are determined by the managing agent.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04710056
IRS990/TotalAssetsEOYAmt04529400
IRS990/TotalAssetsGrp/BOYAmt04710056
IRS990/TotalAssetsGrp/EOYAmt04529400
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01642929
IRS990/TotalFunctionalExpensesGrp/TotalAmt01642929
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010991876
IRS990/TotalLiabilitiesEOYAmt010807041
IRS990/TotalLiabilitiesGrp/BOYAmt010991876
IRS990/TotalLiabilitiesGrp/EOYAmt010807041
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-6281820
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6277641
IRS990/TotalProgramServiceExpensesAmt01642929
IRS990/TotalProgramServiceRevenueAmt01666941
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01667623
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01667623
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04710056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04529400
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-6281820
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-6277641
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0243 Kingston Avenue
IRS990/USAddress/CityNm0Brooklyn
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011213
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUSSELL BRAMWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BHAP HOUSING DEVELOPMENT FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0BHAP
ReturnHeader/Filer/EIN0112591013
ReturnHeader/Filer/PhoneNum07187561937
ReturnHeader/Filer/USAddress/AddressLine1Txt0243 KINGSTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011213

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.88$9.77$6.89$1.95$1.99$0.04
2024Detailed filing. Detailed filing data is available for this year.$3.35$10.2$6.85$1.75$1.85$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.53$10.3$6.77$1.82$1.75$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.59$10.4$6.84$1.61$1.84$0.22
2021Detailed filing. Detailed filing data is available for this year.$3.97$10.6$6.62$1.55$1.73$0.18
2020Detailed filing. Detailed filing data is available for this year.$4.08$10.5$6.44$1.67$1.78$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.19$10.5$6.34$1.69$1.67$0.02
2018Detailed filing. Detailed filing data is available for this year.$4.24$10.6$6.36$1.69$1.82$0.13
2017Detailed filing. Detailed filing data is available for this year.$4.52$10.7$6.18$1.72$1.65$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.53$10.8$6.28$1.67$1.64$0.02
2015Detailed filing. Detailed filing data is available for this year.$4.71$11.0$6.28$1.63$1.62$0.01
2014Detailed filing. Detailed filing data is available for this year.$4.98$11.3$6.29$1.62$1.59$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$11.3$6.32$1.60$1.49$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$11.5$6.46$1.36
2011Summary only. Only limited summary data is available for this year.$3.24$9.92$6.68$1.60$1.55$0.05