Civic Intelligence

Farmingdale Housing Development Fund Company Inc.

990 • Fiscal year 2015 • EIN 11-2614312

Oct 01, 2014 to Sep 30, 2015 • Filed on Nov 30, 2015

Organization ProfileN/A
C/O Stanan Management 33 Front StHempstead, NY 11550

(516) 486-1000

Siviq Scores

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

Liabilities / Assets

96th percentile

2.02x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

22.13x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

59th percentile

-1.6%

Faster asset growth than 59% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

297%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,211,817

Down $19,421 (-1.6%) from 2014

Net Assets

Up

-$1,232,120

Up $110,412 (+8.2%) from 2014

Liabilities

Down

$2,443,937

Down $129,833 (-5.0%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin99th percentile

Revenue

Up

$110,412

Up $82,607 (+297%) from 2014

Expenses

Flat

$0

Flat from 2014

Net Income

Up

$110,412

Up $82,607 (+297%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,675,207Liabilities 2011: $2,918,613Net Assets 2011: -$1,243,4062011Assets 2012: $1,635,055Liabilities 2012: $2,835,471Net Assets 2012: -$1,200,4162012Assets 2013: $1,508,144Liabilities 2013: $2,878,481Net Assets 2013: -$1,370,3372013Assets 2014: $1,231,238Liabilities 2014: $2,573,770Net Assets 2014: -$1,342,5322014Assets 2015: $1,211,817Liabilities 2015: $2,443,937Net Assets 2015: -$1,232,1202015Assets 2016: $1,257,612Liabilities 2016: $2,301,692Net Assets 2016: -$1,044,0802016Assets 2017: $1,643,214Liabilities 2017: $2,164,805Net Assets 2017: -$521,5912017Assets 2018: $1,982,500Liabilities 2018: $1,973,541Net Assets 2018: $8,9592018Assets 2019: $2,357,343Liabilities 2019: $1,767,019Net Assets 2019: $590,3242019Assets 2020: $2,817,641Liabilities 2020: $1,625,707Net Assets 2020: $1,191,9342020Assets 2021: $3,070,423Liabilities 2021: $1,319,188Net Assets 2021: $1,751,2352021Assets 2022: $3,536,925Liabilities 2022: $1,082,912Net Assets 2022: $2,454,0132022Assets 2023: $4,037,941Liabilities 2023: $775,413Net Assets 2023: $3,262,5282023Assets 2024: $4,734,942Liabilities 2024: $489,875Net Assets 2024: $4,245,0672024

Highlighted filing

2015

Assets$1,211,817
Liabilities$2,443,937
Net Assets-$1,232,120
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $27,419Expenses 2011: $0Net Income 2011: $27,4192011Revenue 2012: $42,990Expenses 2012: $0Net Income 2012: $42,9902012Revenue 2013: -$169,921Expenses 2013: $0Net Income 2013: -$169,9212013Revenue 2014: $27,805Expenses 2014: $0Net Income 2014: $27,8052014Revenue 2015: $110,412Expenses 2015: $0Net Income 2015: $110,4122015Revenue 2016: $188,040Expenses 2016: $0Net Income 2016: $188,0402016Revenue 2017: $522,489Expenses 2017: $0Net Income 2017: $522,4892017Revenue 2018: $530,550Expenses 2018: $0Net Income 2018: $530,5502018Revenue 2019: $581,365Expenses 2019: $0Net Income 2019: $581,3652019Revenue 2020: $602,744Expenses 2020: $0Net Income 2020: $602,7442020Revenue 2021: $1,303,096Expenses 2021: $743,729Net Income 2021: $559,3672021Revenue 2022: $1,487,868Expenses 2022: $785,090Net Income 2022: $702,7782022Revenue 2023: $1,593,907Expenses 2023: $785,392Net Income 2023: $808,5152023Revenue 2024: $1,781,076Expenses 2024: $798,537Net Income 2024: $982,5392024

Highlighted filing

2015

Revenue$110,412
Expenses$0
Net Income$110,412
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Nov 30, 2015
Return Version
2014v5.0
Gross Receipts
$918,374
Mission and Program Overview

Mission

The company provides housing for the elderly and handicapped. Hud project number 012 eh 288 is an 80-unit apartment facility, located in farmingdale, new york. The project is operated under section 202 of the national housing act and is regulated by u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods.the project also is subject to section 8 housing assistance payments (hap) agreements with hud, and a significant portion of the project's rental income is received from hud.

The company provides housing for low income, elderly and handicapped individuals who are able to live independently on a not-for-profit basis. Rents paid by the tenants are subsidized by the us department of h.u.d through section 8 rent assistance payments. The project (building) was financed with a mortgage from h.u.d.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$894,797$839,640▼ $55,157
Savings and Temporary Cash Investments$83,683$91,958▲ $8,275
Prepaid Expenses and Deferred Charges$16,000$27,960▲ $11,960
Accounts Receivable$4,597$3,759▼ $838
Total Assets$1,231,238$1,211,817▼ $19,421
Other Assets Total$232,161$248,500▲ $16,339
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,497,063$2,363,022▼ $134,041
Accounts Payable and Accrued Expenses$49,246$53,186▲ $3,940
Other Liabilities$27,461$27,729▲ $268
Total Liabilities$2,573,770$2,443,937▼ $129,833
Net Assets / Fund Balance
Unrestricted Net Assets$-1,342,532$-1,232,120▲ $110,412
Total Net Assets Fund Balance$-1,342,532$-1,232,120▲ $110,412
Total Liabilities and Net Assets / Fund Balance$1,231,238$1,211,817▼ $19,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$399,840$3,581,880-
Land$439,800--
Other Assets Org$54,732--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Howard J WeinsteinPresident
Hilda K CarmanVice President
Anita GodfreyBoard Member
Edward MorrisonBoard Member
Ellen AcinapuroBoard Member
Geri PepkinBoard Member
Joseph CarosellaBoard Member
Katherine Mc DonaldBoard Member
Mother C Petersen SnyderBoard Member
Rabbi Dr Alan LavinBoard Member
Reverend Bruce PowersBoard Member
Reverend Gunshik ShimBoard Member
Reverend Rodney EberhardtBoard Member
Stephen Kressel EsquireTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$739
Other Revenue
$109,673
Change in Net Assets
$110,412

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,412
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$807,962
Total Revenue per Audited Statements
$918,374
Total Revenue per Form 990
$110,412
Expenses and Functional Allocation

Major Expense Lines

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

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$807,962
Total Expenses per Audited Statements$807,962
Expenses Not Reported on Financial Statements$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Security Deposits Payable$27,729
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Stanan managment manages all operations of the project, processes all financial transactions and ensures the project is in compliance with hud and all other rules and regulations.”

Form 990, Part VI, Section A, Line 8B

“The board of directors meets with management on a quarterly basis to discuss project finances and overall operations. These meetings are formally documented.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is provided to all members of the board of directors as well as management for review prior to its submission. The form is throuoghly reviewed by each member and any questions are immediately addressed.”

Form 990, Part VI, Section C, Line 19

“The farmingdale housing development fund company, inc. Makes all documents available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Farmingdale Housing Development Fund Company Inc
EIN
11-2614312
Phone
5164861000
Address
C/O STANAN MANAGEMENT 33 FRONT ST, HEMPSTEAD, NY 11550

Signing Officer

Name
Howard J Weinstein
Title
President
Phone
5164826800
Signed
2015-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard J Weinstein
Formed
1983
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Albrecht Viggiano Zureck & Co Pc
Address
25 SUFFOLK COURT, HAUPPAUGE, NY 11788
Preparer
Jacqueline Grosso
Phone
6314349500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The farmingdale housing development fund company, inc., a not-for-profit organization operating under section 501(c)(3) of the internal revenue code, is generally exempt from federal, state and local income taxes. Accordingly, no provision for income taxes is included in the financial statements. The farmingdale housing development fund company, inc. Accounts for the effect of any uncertain tax positions based on a more likely than not threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized benefit is estimated based on a cumulative probability assessment that aggregates the estimated tax liability for all uncertain tax positions. Interest and penalties assessed, if any, are accrued as income tax expense. The farmingdale housing development fund company, inc. Has identified its tax status as a tax exempt entity as a tax position; however, the farmingdale housing development fund company, inc. Has determined that such tax position does not result in an uncertainty requiring recognition.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted against rental income on form 990, part i, line 11”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted against rental income on form 990, part i, line 11”

Raw XML AppendixShowing 400 of 418 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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IRS990/MissionDesc0THE COMPANY PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. HUD PROJECT NUMBER 012 EH 288 IS AN 80-UNIT APARTMENT FACILITY, LOCATED IN FARMINGDALE, NEW YORK. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt027461
IRS990/OtherLiabilitiesGrp/EOYAmt027729
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027960
IRS990/PrincipalOfficerNm0HOWARD J WEINSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0653
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt027152
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027805
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt027805
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0110412
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0109673
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt083683
IRS990/SavingsAndTempCashInvstGrp/EOYAmt091958
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0739
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0653
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0637
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0192
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0466
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0917635
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0904194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0979095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0892226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0876517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04569667
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0739
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0653
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0637
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02687
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt04569667
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0917635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0904194
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0979095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0892226
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0876517
IRS990ScheduleA/Total509Grp/TotalAmt04569667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0918374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0904847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0979732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0892418
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0876983
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04572354
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0399840
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03581880
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03981720
IRS990ScheduleD/ExpensesNotReportedAmt0807962
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0439800
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0439800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027729
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1165689
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2350
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt354732
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PAINTING AND INSURANCE RESERVES
IRS990ScheduleD/OtherExpensesIncludedAmt0807962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027729
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenueAmt0807962
IRS990ScheduleD/RevenueNotReportedAmt0807962
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0110412
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC., A NOT-FOR-PROFIT ORGANIZATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS GENERALLY EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON FORM 990, PART I, LINE 11
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON FORM 990, PART I, LINE 11
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0839640
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0248500
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt027729
IRS990ScheduleD/TotalRevenuePerForm990Amt0110412
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0918374
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0807962
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STANAN MANAGMENT MANAGES ALL OPERATIONS OF THE PROJECT, PROCESSES ALL FINANCIAL TRANSACTIONS AND ENSURES THE PROJECT IS IN COMPLIANCE WITH HUD AND ALL OTHER RULES AND REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MEETS WITH MANAGEMENT ON A QUARTERLY BASIS TO DISCUSS PROJECT FINANCES AND OVERALL OPERATIONS. THESE MEETINGS ARE FORMALLY DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS MANAGEMENT FOR REVIEW PRIOR TO ITS SUBMISSION. THE FORM IS THROUOGHLY REVIEWED BY EACH MEMBER AND ANY QUESTIONS ARE IMMEDIATELY ADDRESSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. MAKES ALL DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01231238
IRS990/TotalAssetsEOYAmt01211817
IRS990/TotalAssetsGrp/BOYAmt01231238
IRS990/TotalAssetsGrp/EOYAmt01211817
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02573770
IRS990/TotalLiabilitiesEOYAmt02443937
IRS990/TotalLiabilitiesGrp/BOYAmt02573770
IRS990/TotalLiabilitiesGrp/EOYAmt02443937
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1342532
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1232120
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0739
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0109673
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110412
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01231238
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01211817
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1342532
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1232120
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01010 NORTHERN BLVD STE 208
IRS990/USAddress/CityNm0GREAT NECK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011021
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD J WEINSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05164826800
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0FARM
ReturnHeader/Filer/EIN0112614312
ReturnHeader/Filer/PhoneNum05164861000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,211,817
Liabilities
$2,443,937
Net assets
-$1,232,120
Revenue
$110,412
Expenses
$0
Net income
$110,412
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.73$0.49$4.25$1.78$0.80$0.98
2023Detailed filing. Detailed filing data is available for this year.$4.04$0.78$3.26$1.59$0.79$0.81
2022Detailed filing. Detailed filing data is available for this year.$3.54$1.08$2.45$1.49$0.79$0.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$1.32$1.75$1.30$0.74$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$1.63$1.19$0.60$0.00$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$1.77$0.59$0.58$0.00$0.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$1.97$0.01$0.53$0.00$0.53
2017Detailed filing. Detailed filing data is available for this year.$1.64$2.16$0.52$0.52$0.00$0.52
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$2.30$1.04$0.19$0.00$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.21$2.44$1.23$0.11$0.00$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.23$2.57$1.34$0.03$0.00$0.03
2013Summary only. Only limited summary data is available for this year.$1.51$2.88$1.37$0.17$0.00$0.17
2012Summary only. Only limited summary data is available for this year.$1.64$2.84$1.20$0.04$0.00$0.04
2011Summary only. Only limited summary data is available for this year.$1.68$2.92$1.24$0.03$0.00$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits