Civic Intelligence

Berean Housing Development Fund Company Inc.

990 • Fiscal year 2019 • EIN 11-2662285

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 17, 2020

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

99th percentile

2.37x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

5.43x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

51st percentile

3.7%

Higher net margin than 51% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

44th percentile

1.3%

Faster asset growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

9.3%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$3,117,963

Up $39,239 (+1.3%) from 2018

Net Assets

Up

-$4,270,755

Up $50,684 (+1.2%) from 2018

Liabilities

Down

$7,388,718

Down $11,445 (-0.2%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin51st percentile

Revenue

Up

$1,360,615

Up $115,270 (+9.3%) from 2018

Expenses

Down

$1,309,931

Down $63,130 (-4.6%) from 2018

Net Income

Up

$50,684

Up $178,400 (+140%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2019

Assets$3,117,963
Liabilities$7,388,718
Net Assets-$4,270,755
Open 2019 Filing

Operations Trend

Revenue Growth61st 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

2019

Revenue$1,360,615
Expenses$1,309,931
Net Income$50,684
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 17, 2020
Return Version
2018v3.2
Gross Receipts
$1,360,615
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$2,755,526$2,562,982▼ $192,544
Cash and Non-Interest-Bearing Accounts$4,944$48,348▲ $43,404
Accounts Receivable$18,958$14,426▼ $4,532
Prepaid Expenses and Deferred Charges$12,526$13,896▲ $1,370
Total Assets$3,078,724$3,117,963▲ $39,239
Other Assets Total$286,770$478,311▲ $191,541
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,758,276$6,758,276→ $0
Accounts Payable and Accrued Expenses$614,036$596,773▼ $17,263
Other Liabilities$21,222$21,986▲ $764
Deferred Revenue$6,629$11,683▲ $5,054
Total Liabilities$7,400,163$7,388,718▼ $11,445
Net Assets / Fund Balance
Unrestricted Net Assets$-4,321,439$-4,270,755▲ $50,684
Total Net Assets Fund Balance$-4,321,439$-4,270,755▲ $50,684
Total Liabilities and Net Assets / Fund Balance$3,078,724$3,117,963▲ $39,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,490,481$4,600,871$7,091,352
Equipment$16,537$155,583$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 PayScore unavailable

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$159,192
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,357,129
Investment Income
$120
Other Revenue
$3,366
Change in Net Assets
$50,684

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,360,615
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,720
Total Revenue per Audited Statements
$1,379,335
Total Revenue per Form 990
$1,360,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,054,090
Salaries, Compensation, and Employee Benefits$255,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$314,990--$314,990
Depreciation Depletion$219,044--$219,044
Other Salaries and Wages$167,265--$167,265
Other Employee Benefits$76,045--$76,045
Fees for Services Management-$60,873-$60,873
Insurance$40,491--$40,491
Fees for Services Other-$31,085-$31,085
Office Expenses$14,056$11,489-$25,545
Fees for Services Accounting-$21,628-$21,628
Fees for Services Legal-$15,016-$15,016
Payroll Taxes$12,531--$12,531
Other Expenses$128,496$7,743-$7,743
All Other Expenses$5,046--$5,046
Conferences and Meetings$391--$391
Total Functional Expenses$1,146,738$163,193$0$1,309,931

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,328,651
Expenses per Audited Statements$1,309,931
Total Expenses per Form 990$1,309,931
Expenses Not Reported on Form 990$18,720
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$21,986
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
2020-08-17

Organization Details

Principal Officer
Dr Arlee Griffin Jr
Formed
1983
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
8

Preparer

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

Additional Explanations

Part XII Line 2C

“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 2016.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT 18,720.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT 18,720.”

Raw XML AppendixShowing 400 of 465 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/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/Desc1LATE TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt03279
IRS990/OtherRevenueMiscGrp/ExclusionAmt187
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03279
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt187
IRS990/OtherRevenueTotalAmt03366
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167265
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167265
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012531
IRS990/PayrollTaxesGrp/TotalAmt012531
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012526
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013896
IRS990/PrincipalOfficerNm0DR ARLEE GRIFFIN JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME HSNG RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING REVE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01354969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01354969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12160
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt068
IRS990/PYOtherExpensesAmt01114868
IRS990/PYOtherRevenueAmt03366
IRS990/PYProgramServiceRevenueAmt01241911
IRS990/PYRevenuesLessExpensesAmt0-127716
IRS990/PYSalariesCompEmpBnftPaidAmt0258193
IRS990/PYTotalExpensesAmt01373061
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01245345
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt050684
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01357129
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0295
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0572
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0295
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0572
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01358
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0532
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01246
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09868
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99800
IRS990ScheduleA/PublicSupportPY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt05150461
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt01357129
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt01241911
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt0922451
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0835314
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0793656
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt05150461
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01357129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01241911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0922451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0835314
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0793656
IRS990ScheduleA/Total509Grp/TotalAmt05150461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01360615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01245345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0923821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0836141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0794979
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05160901
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02490481
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04600871
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07091352
IRS990ScheduleD/EquipmentGrp/BookValueAmt016537
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0155583
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172120
IRS990ScheduleD/ExpensesNotReportedAmt018720
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01309931
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055964
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021986
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1107308
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2348887
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt018720
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022234
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt018720
IRS990ScheduleD/RevenueNotReportedAmt018720
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01360615
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 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT FREE UNIT 18,720.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT FREE UNIT 18,720.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02562982
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0478311
IRS990ScheduleD/TotalExpensesPerForm990Amt01309931
IRS990ScheduleD/TotalLiabilityAmt021986
IRS990ScheduleD/TotalRevenuePerForm990Amt01360615
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01379335
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01328651
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 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03078724
IRS990/TotalAssetsEOYAmt03117963
IRS990/TotalAssetsGrp/BOYAmt03078724
IRS990/TotalAssetsGrp/EOYAmt03117963
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163193
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01146738
IRS990/TotalFunctionalExpensesGrp/TotalAmt01309931
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07400163
IRS990/TotalLiabilitiesEOYAmt07388718

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,117,963
Liabilities
$7,388,718
Net assets
-$4,270,755
Revenue
$1,360,615
Expenses
$1,309,931
Net income
$50,684
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