Civic Intelligence

Berean Housing Development Fund Company Inc.

990 • Fiscal year 2021 • EIN 11-2662285

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2022

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

2.36x

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

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

6.12x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

-1.2%

Higher net margin than 69% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Asset Growth

21st percentile

-4.4%

Faster asset growth than 21% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-15%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$3,059,959

Down $140,725 (-4.4%) from 2020

Net Assets

Down

-$4,160,713

Down $133,723 (-3.3%) from 2020

Liabilities

Down

$7,220,672

Down $7,002 (-0.1%) from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin69th percentile

Revenue

Down

$1,179,416

Down $200,751 (-15%) from 2020

Expenses

Up

$1,193,287

Up $56,885 (+5.0%) from 2020

Net Income

Down

-$13,871

Down $257,636 (-106%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2021

Assets$3,059,959
Liabilities$7,220,672
Net Assets-$4,160,713
Open 2021 Filing

Operations Trend

Revenue Growth5th 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

2021

Revenue$1,179,416
Expenses$1,193,287
Net Income-$13,871
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.2
Gross Receipts
$1,179,416
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$2,375,944$2,213,158▼ $162,786
Prepaid Expenses and Deferred Charges$41,025$67,320▲ $26,295
Cash and Non-Interest-Bearing Accounts$55,776$10,452▼ $45,324
Accounts Receivable$7,532$9,897▲ $2,365
Total Assets$3,200,684$3,059,959▼ $140,725
Other Assets Total$720,407$759,132▲ $38,725
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,758,276$6,758,276→ $0
Accounts Payable and Accrued Expenses$417,468$432,515▲ $15,047
Unsecured Notes Loans Payable$26,000--
Other Liabilities$19,744$24,295▲ $4,551
Deferred Revenue$6,186$5,586▼ $600
Total Liabilities$7,227,674$7,220,672▼ $7,002
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,026,990$-4,160,713▼ $133,723
Total Net Assets Fund Balance$-4,026,990$-4,160,713▼ $133,723
Total Liabilities and Net Assets / Fund Balance$3,200,684$3,059,959▼ $140,725

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,151,725$4,998,027$7,149,752
Buildings$22,969$167,710$190,679
Land$38,464-$38,464
Equipment$0$22,234$22,234
Other Assets Org$130--
Compensation and Service Providers
Top Officer Pay67th 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
Revenue and Support

Revenue Composition

Contributions and Grants
$26,000
Program Service Revenue
$1,142,302
Investment Income
$159
Other Revenue
$10,955
Change in Net Assets
$-13,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,179,416
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$16,625
Total Revenue per Audited Statements
$1,196,041
Total Revenue per Form 990
$1,179,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$947,050
Salaries, Compensation, and Employee Benefits$246,237
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$203,686--$203,686
Fees for Services Other$185,713$15,241-$200,954
Other Salaries and Wages$171,093$10,971-$182,064
Occupancy$175,698--$175,698
Insurance$105,040--$105,040
Fees for Services Management-$88,407-$88,407
Other Employee Benefits$47,195$3,026-$50,221
Office Expenses$11,340$11,338-$22,678
Fees for Services Accounting-$22,420-$22,420
Payroll Taxes$13,111$841-$13,952
Fees for Services Legal-$4,714-$4,714
Other Expenses$1,720$8,135-$1,720
All Other Expenses$1,135--$1,135
Total Functional Expenses$1,011,206$182,081$0$1,193,287

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,209,912
Expenses per Audited Statements$1,193,287
Total Expenses per Form 990$1,193,287
Expenses Not Reported on Form 990$16,625
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$24,295
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
2022-08-15

Organization Details

Principal Officer
Dr Arlee Griffin Jr
Formed
1983
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
6
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 IX, Line 11G

“Consultants: program service expenses 0. Management and general expenses 15,241. Fundraising expenses 0. Total expenses 15,241. Security services: program service expenses 185,713. Management and general expenses 0. Fundraising expenses 0. Total expenses 185,713.”

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 2018.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rent free unit 16,376. Forgiven interest expense 249.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rent free unit 16,376. Forgiven interest expense 249.”

Raw XML AppendixShowing 400 of 475 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/ExclusionAmt010905
IRS990/OtherRevenueMiscGrp/ExclusionAmt150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010905
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt150
IRS990/OtherRevenueTotalAmt010955
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010971
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0171093
IRS990/OtherSalariesAndWagesGrp/TotalAmt0182064
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0841
IRS990/PayrollTaxesGrp/ProgramServicesAmt013111
IRS990/PayrollTaxesGrp/TotalAmt013952
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041025
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt067320
IRS990/PrincipalOfficerNm0DR ARLEE GRIFFIN JR
IRS990/PriorPeriodAdjustmentsAmt0-119852
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME HSNG RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING REVE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01140363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01140363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11939
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0167
IRS990/PYOtherExpensesAmt0844089
IRS990/PYOtherRevenueAmt046946
IRS990/PYProgramServiceRevenueAmt01333054
IRS990/PYRevenuesLessExpensesAmt0243765
IRS990/PYSalariesCompEmpBnftPaidAmt0292313
IRS990/PYTotalExpensesAmt01136402
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01380167
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-13871
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01142302
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt026000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt026000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0159
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01142302
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01333054
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01357129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01241911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0922451
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05996847
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0159
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0526
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt046946
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01358
IRS990ScheduleA/OtherIncome509Grp/TotalAmt065991
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98910
IRS990ScheduleA/PublicSupportPY509Pct00.99020
IRS990ScheduleA/PublicSupportTotal509Amt06022847
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01168302
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01333054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01357129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01241911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0922451
IRS990ScheduleA/Total509Grp/TotalAmt06022847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01179416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01380167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01360615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01245345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0923821
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06089364
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt022969
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0167710
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190679
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022234
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022234
IRS990ScheduleD/ExpensesNotReportedAmt016625
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01193287
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt038464
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038464
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02151725
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04998027
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07149752
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1234904
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2499803
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt016625
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt016625
IRS990ScheduleD/RevenueNotReportedAmt016625
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01179416
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 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT FREE UNIT 16,376. FORGIVEN INTEREST EXPENSE 249.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT FREE UNIT 16,376. FORGIVEN INTEREST EXPENSE 249.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02213158
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0759132
IRS990ScheduleD/TotalExpensesPerForm990Amt01193287
IRS990ScheduleD/TotalLiabilityAmt024295
IRS990ScheduleD/TotalRevenuePerForm990Amt01179416
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01196041
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01209912
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/ExplanationTxt3CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,241. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,241. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 185,713. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 185,713.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS 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/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03200684

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,059,959
Liabilities
$7,220,672
Net assets
-$4,160,713
Revenue
$1,179,416
Expenses
$1,193,287
Net income
-$13,871
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