Civic Intelligence

Brooklyn Neighborhood Housing Development Fund Corporation

EIN 11-2644860 • 501(c)3 • Brooklyn, NY

Brooklyn, NY
Siviq Scores

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

Liabilities / Assets

83rd percentile

0.67x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

5.81x

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

501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

21st percentile

-7.1%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

28th percentile

-1.0%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

0.0%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$13,068,803

Down $128,422 (-1.0%) from 2019

Liabilities

Down

$8,715,167

Down $22,303 (-0.3%) from 2019

Net Assets

Down

$4,353,636

Down $106,119 (-2.4%) from 2019

Revenue

Up

$1,499,479

Up $689 (+0.0%) from 2019

Expenses

Up

$1,605,598

Up $43,212 (+2.8%) from 2019

Net Income

Down

-$106,119

Down $42,523 (-67%) from 2019

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $8,770,859Liabilities 2010: $5,861,199Net Assets 2010: $2,909,6602010Assets 2011: $9,235,213Liabilities 2011: $5,895,857Net Assets 2011: $3,339,3562011Assets 2012: $10,707,278Liabilities 2012: $5,940,608Net Assets 2012: $4,766,6702012Assets 2015: $13,521,458Liabilities 2015: $8,802,874Net Assets 2015: $4,718,5842015Assets 2016: $13,231,761Liabilities 2016: $8,804,878Net Assets 2016: $4,426,8832016Assets 2017: $13,200,684Liabilities 2017: $8,739,043Net Assets 2017: $4,461,6412017Assets 2018: $13,259,040Liabilities 2018: $8,735,689Net Assets 2018: $4,523,3512018Assets 2019: $13,197,225Liabilities 2019: $8,737,470Net Assets 2019: $4,459,7552019Assets 2020: $13,068,803Liabilities 2020: $8,715,167Net Assets 2020: $4,353,6362020

Highlighted filing

2020

Assets$13,068,803
Liabilities$8,715,167
Net Assets$4,353,636

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,231,636Expenses 2010: $943,970Net Income 2010: $287,6662010Revenue 2011: $1,452,472Expenses 2011: $1,022,776Net Income 2011: $429,6962011Revenue 2012: $2,538,227Expenses 2012: $1,110,913Net Income 2012: $1,427,3142012Revenue 2015: $1,422,156Expenses 2015: $1,361,398Net Income 2015: $60,7582015Revenue 2016: $1,435,341Expenses 2016: $1,727,042Net Income 2016: -$291,7012016Revenue 2017: $1,543,260Expenses 2017: $1,508,502Net Income 2017: $34,7582017Revenue 2018: $1,533,724Expenses 2018: $1,472,014Net Income 2018: $61,7102018Revenue 2019: $1,498,790Expenses 2019: $1,562,386Net Income 2019: -$63,5962019Revenue 2020: $1,499,479Expenses 2020: $1,605,598Net Income 2020: -$106,1192020

Highlighted filing

2020

Revenue$1,499,479
Expenses$1,605,598
Net Income-$106,119

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,499,479
Mission and Program Overview

Mission

To provide decent and affordable housing to persons and families of low income.

Provide residential housing to persons and families of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,124,588$6,885,233▼ $239,355
Other Notes and Loans Receivable, Net$1,447,811$1,883,940▲ $436,129
Savings and Temporary Cash Investments-$1,512,261-
Cash and Non-Interest-Bearing Accounts$2,516,261$560,138▼ $1,956,123
Accounts Receivable$353,508$425,499▲ $71,991
Prepaid Expenses and Deferred Charges$142,986$98,915▼ $44,071
Total Assets$13,197,225$13,068,803▼ $128,422
Other Assets Total$1,612,071$1,702,817▲ $90,746
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,562,670$8,562,670→ $0
Other Liabilities$125,500$88,779▼ $36,721
Accounts Payable and Accrued Expenses$49,300$63,718▲ $14,418
Total Liabilities$8,737,470$8,715,167▼ $22,303
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,459,755$4,353,636▼ $106,119
Total Net Assets Fund Balance$4,459,755$4,353,636▼ $106,119
Total Liabilities and Net Assets / Fund Balance$13,197,225$13,068,803▼ $128,422

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,847,835$2,307,478$9,155,313
Equipment$36,448$32,935$69,383
Other Land Buildings$934$19,363$20,297
Land$16-$16
Other Assets Org$262,813--
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
St Nicks AllianceManagement and Maintenance services2 Kingsland Avenue, Brooklyn, NY 11211$526,249
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,396,765
Investment Income
$99,515
Other Revenue
$3,199
Change in Net Assets
$-106,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,499,479
Total Revenue per Audited Statements
$1,499,479
Total Revenue per Form 990
$1,499,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,605,598
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$239,355--$239,355
Fees for Services Management$181,687--$181,687
Interest$64,967--$64,967
Insurance$54,302--$54,302
Other Expenses$44,151--$44,151
Fees for Services Accounting$19,500--$19,500
Information Technology$19,177--$19,177
Office Expenses$13,439--$13,439
Fees for Services Legal$11,825--$11,825
Fees for Services Other$6,825--$6,825
All Other Expenses$5,250--$5,250
Total Functional Expenses$1,605,598$0$0$1,605,598

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,605,598
Total Expenses per Audited Statements$1,605,598
Total Expenses per Form 990$1,605,598
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
Federal income taxes$88,779
Tenants Security Deposits Payable-
Prepaid Rent-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Section B, Line 11B

Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the finance committee for review. The finance committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the board for review and approval. Upon approval from the board the 990 will be filed.

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

Board members, Officers and Employees report annually if a conflict appears to exist, management and the board will meet with the individual to obtain all facts. Subsequently, a vote will ensure if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Brooklyn Neighborhood Hdfc
EIN
11-2644860
Phone
7183885454
Address
2 KINGSLAND AVENUE, BROOKLYN, NY 11211

Signing Officer

Name
Cindy Ross
Title
CFO
Phone
7183885454
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Tyrone A Sellers CPA
Address
11503 Farmers Blvd, Saint Albans, NY 11412
Preparer
Tyrone Sellers
Phone
7183418770
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Management reviews the audit to ensure it is accurate and complete. A copy of the draft audit is provided to the finance committee for review. The finance committee will meet with management to discuss the draft audit and resolve any questions that may arise. The draft audit will then be distributed to the board for review and approval. Upon approval from the board the draft audit will then be finalized.

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