Civic Intelligence

Community Services Housing Development Corporation

EIN 11-2598992 • 501(c)3 • Brooklyn, NY

Profile

The stabilization of the community's housing stock through the development of low- and moderate income housing, with the creation of ancillary social service programs thereby enabling community residents and tenants to have safe, clean and affordable housing, and services that increase the quality of life for the community

1474 Eastern Parkway 1BBrooklyn, NY 11233

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

3.78x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-198%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-2.0%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,983,114

Down $39,445 (-2.0%) from 2023

Liabilities

Down

$67,791

Down $3,909 (-5.5%) from 2023

Net Assets

Down

$1,915,323

Down $35,536 (-1.8%) from 2023

Revenue

Down

$17,948

Down $8,076 (-31%) from 2023

Expenses

Down

$53,484

Down $21,403 (-29%) from 2023

Net Income

Up

-$35,536

Up $13,327 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $26,989Liabilities 2010: $663,737Net Assets 2010: -$636,7482010Assets 2011: $31,407Liabilities 2011: $35,196Net Assets 2011: -$3,7892011Assets 2012: $141,460Liabilities 2012: $151,223Net Assets 2012: -$9,7632012Assets 2013: $229,788Liabilities 2013: $222,688Net Assets 2013: $7,1002013Assets 2014: $467,117Liabilities 2014: $116,529Net Assets 2014: $350,5882014Assets 2015: $1,007,074Liabilities 2015: $95,061Net Assets 2015: $912,0132015Assets 2016: $1,097,049Liabilities 2016: $97,851Net Assets 2016: $999,1982016Assets 2018: $1,261,060Liabilities 2018: $580,236Net Assets 2018: $680,8242018Assets 2019: $941,793Liabilities 2019: $139,954Net Assets 2019: $801,8392019Assets 2020: $794,840Liabilities 2020: $83,316Net Assets 2020: $711,5242020Assets 2021: $630,429Liabilities 2021: $62,542Net Assets 2021: $567,8872021Assets 2022: $2,064,372Liabilities 2022: $64,650Net Assets 2022: $1,999,7222022Assets 2023: $2,022,559Liabilities 2023: $71,700Net Assets 2023: $1,950,8592023Assets 2024: $1,983,114Liabilities 2024: $67,791Net Assets 2024: $1,915,3232024

Highlighted filing

2024

Assets$1,983,114
Liabilities$67,791
Net Assets$1,915,323

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $256,280Expenses 2010: $223,799Net Income 2010: $32,4812010Revenue 2011: $196,053Expenses 2011: $170,120Net Income 2011: $25,9332011Revenue 2012: $52,596Expenses 2012: $58,570Net Income 2012: -$5,9742012Revenue 2013: $371,947Expenses 2013: $183,590Net Income 2013: $188,3572013Revenue 2014: $337,361Expenses 2014: $91,991Net Income 2014: $245,3702014Revenue 2015: $701,067Expenses 2015: $139,642Net Income 2015: $561,4252015Revenue 2016: $232,398Expenses 2016: $145,213Net Income 2016: $87,1852016Revenue 2018: $81,439Expenses 2018: $80,054Net Income 2018: $1,3852018Revenue 2019: $136,683Expenses 2019: $315,810Net Income 2019: -$179,1272019Revenue 2020: $200,869Expenses 2020: $291,184Net Income 2020: -$90,3152020Revenue 2021: $159,989Expenses 2021: $303,626Net Income 2021: -$143,6372021Revenue 2022: $110,598Expenses 2022: $258,355Net Income 2022: -$147,7572022Revenue 2023: $26,024Expenses 2023: $74,887Net Income 2023: -$48,8632023Revenue 2024: $17,948Expenses 2024: $53,484Net Income 2024: -$35,5362024

Highlighted filing

2024

Revenue$17,948
Expenses$53,484
Net Income-$35,536

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.07$1.92$0.02$0.05$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.07$1.95$0.03$0.07$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.06$2.00$0.11$0.26$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.06$0.57$0.16$0.30$0.14
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.08$0.71$0.20$0.29$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.14$0.80$0.14$0.32$0.18
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.58$0.68$0.08$0.08$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.10$1.00$0.23$0.15$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.10$0.91$0.70$0.14$0.56
2014Summary only. Only limited summary data is available for this year.$0.47$0.12$0.35$0.34$0.09$0.25
2013Summary only. Only limited summary data is available for this year.$0.23$0.22$0.01$0.37$0.18$0.19
2012Summary only. Only limited summary data is available for this year.$0.14$0.15$0.01$0.05$0.06$0.01
2011Summary only. Only limited summary data is available for this year.$0.03$0.04$0.00$0.20$0.17$0.03
2010Summary only. Only limited summary data is available for this year.$0.03$0.66$0.64$0.26$0.22$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$26,024
Mission and Program Overview

Mission

The stabilization of the community's housing stock through the development of low- and moderate income housing, with the creation of ancillary social service programs thereby enabling community residents and tenants to have safe, clean and affordable housing, and services that increase the quality of life for the community.

The stabilization of the community's housing stock through the development of low- and moderate income housing, with the creation of ancillary social service programs thereby enabling community residents and tenants to have safe, clean and affordable housing, and services that increase the quality of life for the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$267,349$224,338▼ $43,011
Cash and Non-Interest-Bearing Accounts$4,966$14,028▲ $9,062
Accounts Receivable$5,581$5,312▼ $269
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,064,372$2,022,559▼ $41,813
Other Assets Total$1,786,476$1,778,881▼ $7,595
Liabilities
Accounts Payable and Accrued Expenses$64,650$71,700▲ $7,050
Total Liabilities$64,650$71,700▲ $7,050
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,999,722$1,950,859▼ $48,863
Total Net Assets Fund Balance$1,999,722$1,950,859▼ $48,863
Total Liabilities and Net Assets / Fund Balance$2,064,372$2,022,559▼ $41,813

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,579,592--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Albion LiburdExecutive DirectorFT$10,448$10,448

Board Members and Trustees

NameTitle
Etta M RiceVice Chair
Bruce WeinerDirector
Rev Dan CraigDirector
Harry SpringerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,731
Program Service Revenue
$6,048
Investment Income
$6,013
Other Revenue
$6,232
Change in Net Assets
$-48,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$62,402
Salaries, Compensation, and Employee Benefits$12,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$8,358$2,090-$10,448
Fees for Services Accounting-$7,500-$7,500
Travel$5,390$1,348-$6,738
Information Technology$4,392$1,098-$5,490
Fees for Services Management-$4,700-$4,700
Insurance$2,624$656-$3,280
Other Salaries and Wages$1,631$406-$2,037
Fees for Services Other-$775-$775
Office Expenses$350$87-$437
Other Expenses$68$17-$85
Fees for Services Legal-$51-$51
Total Functional Expenses$56,011$18,876$0$74,887
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 organization is considering the procedures to be implemented towards providing the tax return to the governance body for review

Form 990, Part VI, Section B, Line 15A

Any changes to compensation are determined by the board of directors with input from the executive director

Form 990, Part VI, Section C, Line 19

The organization is reviewing the policies of conflict of interest andfinancial statements availability to public for inmidate implementation

Filing and Contact Details

Filer

Filer Name
Community Services Housing Development
EIN
11-2598992
Phone
6467945961
Address
1474 EASTERN PARKWAY 1B, BROOKLYN, NY 11233

Signing Officer

Name
Albion Liburd
Title
Executive Director
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albion Liburd
Formed
1972
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
Ncheng Llp Certified Public Accountants
Address
40 WALL ST 32ND FL, NEW YORK, NY 10005
Preparer
Nerou Cheng
Phone
2127850100
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income taxes. Community Services Housing Development Corp. is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. Management does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending December 31, 2019 and subsequent remain subject to examination by the taxing authorities.

Raw XML AppendixShowing 400 of 419 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/PersonNm1Rev Dan Craig
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/ProgSrvcAccomActy2Grp/Desc0Housing program - Community Services Housing Development Corp. works to stabilize and maintain the stability of the community through a number of tools. The development of low- and moderate-income housing, management of low- and moderate-income housing; the creation and operation of social service programs that provide needed support services to the general community and to the residents. Over the last year, January to December, Community Services Housing Development Corp.(CSHDC) managed 219 units of low-income housing including two low-income tenant owned Co-ops. CSHDC's management stabilized and worked to preserve these properties, providing essential services heat and hot water, cleaning, security- and other necessary services to maintain the viability of these buildings. This enabled the residents, over 65% of who are categorized, using HUD data, as low- and very low income homes to maintain affordable homes in the community.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes. Community Services Housing Development Corp. is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. Management does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending December 31, 2019 and subsequent remain subject to examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS CONSIDERING THE PROCEDURES TO BE IMPLEMENTED TOWARDS PROVIDING THE TAX RETURN TO THE GOVERNANCE BODY FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CHANGES TO COMPENSATION ARE DETERMINED BY THE BOARD OF DIRECTORS WITH INPUT FROM THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS REVIEWING THE POLICIES OF CONFLICT OF INTEREST ANDFINANCIAL STATEMENTS AVAILABILITY TO PUBLIC FOR INMIDATE IMPLEMENTATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/AddressLine1Txt01474 EASTERN PARKWAY 1B
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY SERVICES HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0112598992

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