Civic Intelligence

Berean Housing Development Fund Company Inc.

990 • Fiscal year 2020 • EIN 11-2662285

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 13, 2021

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

96th percentile

2.26x

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

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

5.24x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

18%

Higher net margin than 94% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Asset Growth

84th percentile

2.7%

Faster asset growth than 84% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

42nd percentile

1.4%

Faster revenue growth than 42% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$3,200,684

Up $82,721 (+2.7%) from 2019

Net Assets

Up

-$4,026,990

Up $243,765 (+5.7%) from 2019

Liabilities

Down

$7,227,674

Down $161,044 (-2.2%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin94th percentile

Revenue

Up

$1,380,167

Up $19,552 (+1.4%) from 2019

Expenses

Down

$1,136,402

Down $173,529 (-13%) from 2019

Net Income

Up

$243,765

Up $193,081 (+381%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2020

Assets$3,200,684
Liabilities$7,227,674
Net Assets-$4,026,990
Open 2020 Filing

Operations Trend

Revenue Growth42nd 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

2020

Revenue$1,380,167
Expenses$1,136,402
Net Income$243,765
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 13, 2021
Return Version
2019v5.2
Gross Receipts
$1,380,167
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$2,562,982$2,375,944▼ $187,038
Cash and Non-Interest-Bearing Accounts$48,348$55,776▲ $7,428
Prepaid Expenses and Deferred Charges$13,896$41,025▲ $27,129
Accounts Receivable$14,426$7,532▼ $6,894
Total Assets$3,117,963$3,200,684▲ $82,721
Other Assets Total$478,311$720,407▲ $242,096
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,758,276$6,758,276→ $0
Accounts Payable and Accrued Expenses$596,773$417,468▼ $179,305
Unsecured Notes Loans Payable-$26,000-
Other Liabilities$21,986$19,744▼ $2,242
Deferred Revenue$11,683$6,186▼ $5,497
Total Liabilities$7,388,718$7,227,674▼ $161,044
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,270,755$-4,026,990▲ $243,765
Total Net Assets Fund Balance$-4,270,755$-4,026,990▲ $243,765
Total Liabilities and Net Assets / Fund Balance$3,117,963$3,200,684▲ $82,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,309,650$4,799,202$7,108,852
Equipment$10,508$161,612$172,120
Other Land Buildings$17,322$23,471$40,793
Land$38,464-$38,464
Other Assets Org$130--
Compensation and Service Providers
Top Officer Pay70th 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$159,192
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,333,054
Investment Income
$167
Other Revenue
$46,946
Change in Net Assets
$243,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,380,167
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,720
Total Revenue per Audited Statements
$1,398,887
Total Revenue per Form 990
$1,380,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$844,089
Salaries, Compensation, and Employee Benefits$292,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,875--$209,875
Depreciation Depletion$205,597--$205,597
Occupancy$136,969--$136,969
Insurance$76,136--$76,136
Other Employee Benefits$67,474--$67,474
Fees for Services Management-$60,873-$60,873
Fees for Services Other-$37,941-$37,941
Fees for Services Accounting-$21,625-$21,625
Office Expenses$11,558$9,611-$21,169
Payroll Taxes$14,964--$14,964
Fees for Services Legal-$6,217-$6,217
Other Expenses$5,645$7,316-$5,645
Travel$570--$570
Total Functional Expenses$992,819$143,583$0$1,136,402

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,155,122
Expenses per Audited Statements$1,136,402
Total Expenses per Form 990$1,136,402
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$19,744
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2021-08-13

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

FORM 990, PART XII, LINE 2C:

“The process did 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 2017.”

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 459 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/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/Desc1LATE TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt046908
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt138
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046908
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt138
IRS990/OtherRevenueTotalAmt046946
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0209875
IRS990/OtherSalariesAndWagesGrp/TotalAmt0209875
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014964
IRS990/PayrollTaxesGrp/TotalAmt014964
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013896
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041025
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/RelatedOrExemptFuncIncomeAmt01331021
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01331021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12033
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0120
IRS990/PYOtherExpensesAmt01054090
IRS990/PYOtherRevenueAmt03366
IRS990/PYProgramServiceRevenueAmt01357129
IRS990/PYRevenuesLessExpensesAmt050684
IRS990/PYSalariesCompEmpBnftPaidAmt0255841
IRS990/PYTotalExpensesAmt01309931
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01360615
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0243765
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01380000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0295
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01333054
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01357129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01241911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0922451
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0835314
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05689859
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0295
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0662
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt046946
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01358
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0532
IRS990ScheduleA/OtherIncome509Grp/TotalAmt055568
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99020
IRS990ScheduleA/PublicSupportPY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt05689859
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01333054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01357129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01241911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0922451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0835314
IRS990ScheduleA/Total509Grp/TotalAmt05689859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01380167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01360615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01245345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0923821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0836141
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05746089
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02309650
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04799202
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07108852
IRS990ScheduleD/EquipmentGrp/BookValueAmt010508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161612
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172120
IRS990ScheduleD/ExpensesNotReportedAmt018720
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01136402
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt038464
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038464
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019744
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1185564
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2514969
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt018720
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017322
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023471
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt018720
IRS990ScheduleD/RevenueNotReportedAmt018720
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01380167
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 2017.
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/TotalBookValueLandBuildingsAmt02375944
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0720407
IRS990ScheduleD/TotalExpensesPerForm990Amt01136402
IRS990ScheduleD/TotalLiabilityAmt019744
IRS990ScheduleD/TotalRevenuePerForm990Amt01380167
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01398887
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01155122
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/ExplanationTxt3THE PROCESS DID 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/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03117963
IRS990/TotalAssetsEOYAmt03200684
IRS990/TotalAssetsGrp/BOYAmt03117963
IRS990/TotalAssetsGrp/EOYAmt03200684
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0143583
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0992819
IRS990/TotalFunctionalExpensesGrp/TotalAmt01136402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07388718
IRS990/TotalLiabilitiesEOYAmt07227674

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,200,684
Liabilities
$7,227,674
Net assets
-$4,026,990
Revenue
$1,380,167
Expenses
$1,136,402
Net income
$243,765
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