Civic Intelligence

Berean Housing Development Fund Company Inc.

990 • Fiscal year 2018 • EIN 11-2662285

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 16, 2019

Organization ProfileN/A
1635-49 Bergen StreetBrooklyn, NY 11233

(516) 285-7500

Siviq Scores

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

Liabilities / Assets

97th percentile

2.40x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

5.94x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2018

Net Margin

63rd percentile

-10%

Higher net margin than 63% of similar nonprofits.

2018 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2018 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2018

Asset Growth

3rd percentile

-10%

Faster asset growth than 3% of similar nonprofits.

2018 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

35%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,078,724

Down $350,217 (-10%) from 2017

Net Assets

Down

-$4,321,439

Down $127,716 (-3.0%) from 2017

Liabilities

Down

$7,400,163

Down $222,501 (-2.9%) from 2017

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin63rd percentile

Revenue

Up

$1,245,345

Up $321,524 (+35%) from 2017

Expenses

Up

$1,373,061

Up $235,378 (+21%) from 2017

Net Income

Up

-$127,716

Up $86,146 (+40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $4,254,274Liabilities 2011: $6,850,248Net Assets 2011: -$2,595,9742011Assets 2012: $4,061,398Liabilities 2012: $6,824,699Net Assets 2012: -$2,763,3012012Assets 2013: $3,895,775Liabilities 2013: $6,971,672Net Assets 2013: -$3,075,8972013Assets 2014: $3,732,313Liabilities 2014: $7,086,359Net Assets 2014: -$3,354,0462014Assets 2015: $3,600,735Liabilities 2015: $7,264,387Net Assets 2015: -$3,663,6522015Assets 2016: $3,614,357Liabilities 2016: $7,157,244Net Assets 2016: -$3,542,8872016Assets 2017: $3,428,941Liabilities 2017: $7,622,664Net Assets 2017: -$4,193,7232017Assets 2018: $3,078,724Liabilities 2018: $7,400,163Net Assets 2018: -$4,321,4392018Assets 2019: $3,117,963Liabilities 2019: $7,388,718Net Assets 2019: -$4,270,7552019Assets 2020: $3,200,684Liabilities 2020: $7,227,674Net Assets 2020: -$4,026,9902020Assets 2021: $3,059,959Liabilities 2021: $7,220,672Net Assets 2021: -$4,160,7132021Assets 2022: $2,907,739Liabilities 2022: $7,202,313Net Assets 2022: -$4,294,5742022Assets 2023: $2,670,559Liabilities 2023: $7,265,722Net Assets 2023: -$4,595,1632023Assets 2024: $3,029,806Liabilities 2024: $7,732,718Net Assets 2024: -$4,702,9122024

Highlighted filing

2018

Assets$3,078,724
Liabilities$7,400,163
Net Assets-$4,321,439
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $748,934Expenses 2011: $895,400Net Income 2011: -$146,4662011Revenue 2012: $760,725Expenses 2012: $928,052Net Income 2012: -$167,3272012Revenue 2013: $768,256Expenses 2013: $1,080,852Net Income 2013: -$312,5962013Revenue 2014: $754,478Expenses 2014: $1,032,627Net Income 2014: -$278,1492014Revenue 2015: $794,154Expenses 2015: $1,103,760Net Income 2015: -$309,6062015Revenue 2016: $836,141Expenses 2016: $1,059,367Net Income 2016: -$223,2262016Revenue 2017: $923,821Expenses 2017: $1,137,683Net Income 2017: -$213,8622017Revenue 2018: $1,245,345Expenses 2018: $1,373,061Net Income 2018: -$127,7162018Revenue 2019: $1,360,615Expenses 2019: $1,309,931Net Income 2019: $50,6842019Revenue 2020: $1,380,167Expenses 2020: $1,136,402Net Income 2020: $243,7652020Revenue 2021: $1,179,416Expenses 2021: $1,193,287Net Income 2021: -$13,8712021Revenue 2022: $1,130,145Expenses 2022: $1,264,006Net Income 2022: -$133,8612022Revenue 2023: $1,160,875Expenses 2023: $1,461,464Net Income 2023: -$300,5892023Revenue 2024: $1,501,392Expenses 2024: $1,609,141Net Income 2024: -$107,7492024

Highlighted filing

2018

Revenue$1,245,345
Expenses$1,373,061
Net Income-$127,716
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 16, 2019
Return Version
2017v2.3
Gross Receipts
$1,245,345
Mission and Program Overview

Mission

The organization's mission is to provide residential housing to low-income elderly.

Berean housing development fund co., inc. Provides residential housing to low-income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,942,482$2,755,526▼ $186,956
Other Notes and Loans Receivable, Net$112,659$0▼ $112,659
Accounts Receivable$17,302$18,958▲ $1,656
Prepaid Expenses and Deferred Charges$3,751$12,526▲ $8,775
Cash and Non-Interest-Bearing Accounts$258,931$4,944▼ $253,987
Total Assets$3,428,941$3,078,724▼ $350,217
Other Assets Total$93,816$286,770▲ $192,954
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,758,276$6,758,276→ $0
Accounts Payable and Accrued Expenses$841,276$614,036▼ $227,240
Other Liabilities$18,350$21,222▲ $2,872
Deferred Revenue$4,762$6,629▲ $1,867
Total Liabilities$7,622,664$7,400,163▼ $222,501
Net Assets / Fund Balance
Unrestricted Net Assets$-4,193,723$-4,321,439▼ $127,716
Total Net Assets Fund Balance$-4,193,723$-4,321,439▼ $127,716
Total Liabilities and Net Assets / Fund Balance$3,428,941$3,078,724▼ $350,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,676,493$4,388,359$7,064,852
Equipment$23,069$149,051$172,120
Land$55,964-$55,964
Other Land Buildings$0$22,234$22,234
Other Assets Org$130--
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Dr Arlee Griffin JrPresident
Rev Trevor HydeVice President
John WatsonDirector
Latonya EvansDirector
Michael JohnsonDirector
Ronald BridgesDirector
Mary MasonSecretary
Forrest McdonaldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Securiforce Protective ServicesSecurity Services1481 ST MARKS AVE, Brooklyn, NY 11233$149,688
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,241,911
Investment Income
$68
Other Revenue
$3,366
Change in Net Assets
$-127,716

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,245,345
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,025
Total Revenue per Audited Statements
$1,262,370
Total Revenue per Form 990
$1,245,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,114,868
Salaries, Compensation, and Employee Benefits$258,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$204,455--$204,455
Other Salaries and Wages$55,789$118,592-$174,381
Occupancy$137,835--$137,835
Other Employee Benefits$70,603--$70,603
Fees for Services Other-$68,201-$68,201
Fees for Services Management-$60,873-$60,873
Insurance$27,919--$27,919
Office Expenses-$17,020-$17,020
Fees for Services Legal-$16,624-$16,624
Fees for Services Accounting-$15,000-$15,000
Other Expenses$172,309$14,808-$14,808
Payroll Taxes$13,209--$13,209
All Other Expenses-$6,944-$6,944
Conferences and Meetings-$1,141-$1,141
Total Functional Expenses$1,053,858$319,203$0$1,373,061

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,390,086
Expenses per Audited Statements$1,373,061
Total Expenses per Form 990$1,373,061
Expenses Not Reported on Form 990$17,025
Expenses Not Reported on Financial Statements$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
TENANTS' SECURITY DEPOSITS$21,222
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
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

“Management duties are overseen by a property management company approved by the u.s. Dept. Of housing & urban development.”

Form 990, Part VI, Section B, Line 11B

“The draft form 990 is initially provided to the managing agent for review and comments. Once reviewed and comments addressed, copy of the draft form 990 is provided to the board through the board chair for review comments and approval for submission to the irs.”

Form 990, Part VI, Section C, Line 19

“The organization's form 990 is available at www.guidestar.org. Governing documents, conflicts of interest policy and financial statements are available upon written request or by contacting lwc management corporation located at 2090 adam clayton jr blvd, suite 203, new york, ny 10027 or by calling (212) 665-5500.”

Filing and Contact Details

Filer

Filer Name
Berean Housing Development
EIN
11-2662285
Phone
5162857500
Address
1635-49 BERGEN STREET, BROOKLYN, NY 11233

Signing Officer

Name
Dr Arlee Griffin Jr
Title
President
Phone
5162857500
Signed
2019-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Arlee Griffin Jr
Formed
1983
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
8

Preparer

Firm
Galleros Koh Llp
Address
115 DAVIS STATION ROAD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleros
Phone
7329252608
Supplemental Narrative

Additional Explanations

Part XII, Line 12C

“This process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Management has determined that the organization has no uncertain tax positions that would require financial statement recognition. The organization is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2015.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT 17,025.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT 17,025.”

Raw XML AppendixShowing 400 of 462 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/OtherLiabilitiesGrp/EOYAmt021222
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/Desc1LATE TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt03316
IRS990/OtherRevenueMiscGrp/ExclusionAmt150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03316
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt150
IRS990/OtherRevenueTotalAmt03366
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0118592
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055789
IRS990/OtherSalariesAndWagesGrp/TotalAmt0174381
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0112659
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013209
IRS990/PayrollTaxesGrp/TotalAmt013209
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03751
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012526
IRS990/PrincipalOfficerNm0DR ARLEE GRIFFIN JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME HSNG RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01241911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01241911
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0886661
IRS990/PYOtherRevenueAmt01358
IRS990/PYProgramServiceRevenueAmt0922451
IRS990/PYRevenuesLessExpensesAmt0-213862
IRS990/PYSalariesCompEmpBnftPaidAmt0251022
IRS990/PYTotalExpensesAmt01137683
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0923821
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-127716
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01241911
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0295
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0433
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0885
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0295
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0433
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0885
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01358
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0532
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01246
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02960
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09462
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99770
IRS990ScheduleA/PublicSupportPY509Pct00.99760
IRS990ScheduleA/PublicSupportTotal509Amt04547377
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt01241911
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt0922451
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt0835314
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0793656
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0754045
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt04547377
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01241911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0922451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0835314
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0793656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0754045
IRS990ScheduleA/Total509Grp/TotalAmt04547377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01245345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0923821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0836141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0794979
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0757438
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04557724
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02676493
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04388359
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07064852
IRS990ScheduleD/EquipmentGrp/BookValueAmt023069
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0149051
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172120
IRS990ScheduleD/ExpensesNotReportedAmt017025
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01373061
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055964
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt140960
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2224458
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt017025
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022234
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt017025
IRS990ScheduleD/RevenueNotReportedAmt017025
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01245345
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT FREE UNIT 17,025.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT FREE UNIT 17,025.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02755526
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0286770
IRS990ScheduleD/TotalExpensesPerForm990Amt01373061
IRS990ScheduleD/TotalLiabilityAmt021222
IRS990ScheduleD/TotalRevenuePerForm990Amt01245345
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01262370
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01390086
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES ARE OVERSEEN BY A PROPERTY MANAGEMENT COMPANY APPROVED BY THE U.S. DEPT. OF HOUSING & URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT FORM 990 IS INITIALLY PROVIDED TO THE MANAGING AGENT FOR REVIEW AND COMMENTS. ONCE REVIEWED AND COMMENTS ADDRESSED, COPY OF THE DRAFT FORM 990 IS PROVIDED TO THE BOARD THROUGH THE BOARD CHAIR FOR REVIEW COMMENTS AND APPROVAL FOR SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CONTACTING LWC MANAGEMENT CORPORATION LOCATED AT 2090 ADAM CLAYTON JR BLVD, SUITE 203, NEW YORK, NY 10027 OR BY CALLING (212) 665-5500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 12C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03428941
IRS990/TotalAssetsEOYAmt03078724
IRS990/TotalAssetsGrp/BOYAmt03428941
IRS990/TotalAssetsGrp/EOYAmt03078724
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0319203
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01053858
IRS990/TotalFunctionalExpensesGrp/TotalAmt01373061
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07622664
IRS990/TotalLiabilitiesEOYAmt07400163
IRS990/TotalLiabilitiesGrp/BOYAmt07622664
IRS990/TotalLiabilitiesGrp/EOYAmt07400163
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4193723
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4321439

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,078,724
Liabilities
$7,400,163
Net assets
-$4,321,439
Revenue
$1,245,345
Expenses
$1,373,061
Net income
-$127,716
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$7.73$4.70$1.50$1.61$0.11
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$7.27$4.60$1.16$1.46$0.30
2022Detailed filing. Detailed filing data is available for this year.$2.91$7.20$4.29$1.13$1.26$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.06$7.22$4.16$1.18$1.19$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.20$7.23$4.03$1.38$1.14$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.12$7.39$4.27$1.36$1.31$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.08$7.40$4.32$1.25$1.37$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.43$7.62$4.19$0.92$1.14$0.21
2016Detailed filing. Detailed filing data is available for this year.$3.61$7.16$3.54$0.84$1.06$0.22
2015Summary only. Only limited summary data is available for this year.$3.60$7.26$3.66$0.79$1.10$0.31
2014Summary only. Only limited summary data is available for this year.$3.73$7.09$3.35$0.75$1.03$0.28
2013Summary only. Only limited summary data is available for this year.$3.90$6.97$3.08$0.77$1.08$0.31
2012Summary only. Only limited summary data is available for this year.$4.06$6.82$2.76$0.76$0.93$0.17
2011Summary only. Only limited summary data is available for this year.$4.25$6.85$2.60$0.75$0.90$0.15