Civic Intelligence

Berean Housing Development Fund Company Inc.

990 • Fiscal year 2022 • EIN 11-2662285

Oct 01, 2021 to Sep 30, 2022 • Filed on Jun 23, 2023

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

2.48x

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

2022 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

6.37x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2022

Net Margin

64th percentile

-12%

Higher net margin than 64% of similar nonprofits.

2022 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

2022 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2022

Asset Growth

23rd percentile

-5.0%

Faster asset growth than 23% of similar nonprofits.

2022 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-4.2%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,907,739

Down $152,220 (-5.0%) from 2021

Net Assets

Down

-$4,294,574

Down $133,861 (-3.2%) from 2021

Liabilities

Down

$7,202,313

Down $18,359 (-0.3%) from 2021

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin64th percentile

Revenue

Down

$1,130,145

Down $49,271 (-4.2%) from 2021

Expenses

Up

$1,264,006

Up $70,719 (+5.9%) from 2021

Net Income

Down

-$133,861

Down $119,990 (-865%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2022

Assets$2,907,739
Liabilities$7,202,313
Net Assets-$4,294,574
Open 2022 Filing

Operations Trend

Revenue Growth17th 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

2022

Revenue$1,130,145
Expenses$1,264,006
Net Income-$133,861
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jun 23, 2023
Return Version
2021v4.2
Gross Receipts
$1,130,145
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$2,213,158$2,059,465▼ $153,693
Prepaid Expenses and Deferred Charges$67,320$50,450▼ $16,870
Cash and Non-Interest-Bearing Accounts$10,452$19,394▲ $8,942
Accounts Receivable$9,897$9,108▼ $789
Total Assets$3,059,959$2,907,739▼ $152,220
Other Assets Total$759,132$769,322▲ $10,190
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,758,276$6,758,276→ $0
Accounts Payable and Accrued Expenses$432,515$415,162▼ $17,353
Other Liabilities$24,295$25,151▲ $856
Deferred Revenue$5,586$3,724▼ $1,862
Total Liabilities$7,220,672$7,202,313▼ $18,359
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,160,713$-4,294,574▼ $133,861
Total Net Assets Fund Balance$-4,160,713$-4,294,574▼ $133,861
Total Liabilities and Net Assets / Fund Balance$3,059,959$2,907,739▼ $152,220

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,953,123$5,196,629$7,149,752
Buildings$18,378$172,301$190,679
Other Land Buildings$49,500-$49,500
Land$38,464-$38,464
Equipment$0$22,234$22,234
Other Assets Org$130--
Compensation and Service Providers
Top Officer Pay65th 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
$0
Program Service Revenue
$1,128,624
Investment Income
$48
Other Revenue
$1,473
Change in Net Assets
$-133,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,130,145
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,204
Total Revenue per Audited Statements
$1,145,349
Total Revenue per Form 990
$1,130,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,046,701
Salaries, Compensation, and Employee Benefits$217,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$216,812$10,620-$227,432
Depreciation Depletion$203,193--$203,193
Occupancy$184,874--$184,874
Other Salaries and Wages$141,536$9,973-$151,509
Insurance$111,089--$111,089
Fees for Services Management-$82,179-$82,179
Other Employee Benefits$50,350$3,548-$53,898
Fees for Services Accounting-$22,223-$22,223
Office Expenses$10,122$10,122-$20,244
Payroll Taxes$11,115$783-$11,898
Other Expenses$250$9,505-$9,755
Fees for Services Legal-$4,375-$4,375
All Other Expenses$1,581--$1,581
Total Functional Expenses$1,100,607$163,399$0$1,264,006

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,279,210
Expenses per Audited Statements$1,264,006
Total Expenses per Form 990$1,264,006
Expenses Not Reported on Form 990$15,204
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$25,151
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
2023-06-23

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 10,620. Fundraising expenses 0. Total expenses 10,620. Security services: program service expenses 216,812. Management and general expenses 0. Fundraising expenses 0. Total expenses 216,812.”

Financial Statement Notes

PART X, LINE 2:

“The project is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the project's tax-exempt purpose is subject to taxation as unrelated business income. The project recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the project has no uncertain tax positions that would require financial statement recognition or disclosure. The project is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT 15,204.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT 15,204.”

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IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt01473
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01473
IRS990/OtherRevenueTotalAmt01473
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09973
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0141536
IRS990/OtherSalariesAndWagesGrp/TotalAmt0151509
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0783
IRS990/PayrollTaxesGrp/ProgramServicesAmt011115
IRS990/PayrollTaxesGrp/TotalAmt011898
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067320
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050450
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/RelatedOrExemptFuncIncomeAmt01126529
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01126529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12095
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt026000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0159
IRS990/PYOtherExpensesAmt0947050
IRS990/PYOtherRevenueAmt010955
IRS990/PYProgramServiceRevenueAmt01142302
IRS990/PYRevenuesLessExpensesAmt0-13871
IRS990/PYSalariesCompEmpBnftPaidAmt0246237
IRS990/PYTotalExpensesAmt01193287
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01179416
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-133861
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01128624
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt026000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt026000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0159
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0562
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01128624
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01142302
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01333054
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01357129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01241911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06203020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0159
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0562
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01473
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt046946
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03366
IRS990ScheduleA/OtherIncome509Grp/TotalAmt066106
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98940
IRS990ScheduleA/PublicSupportPY509Pct00.98910
IRS990ScheduleA/PublicSupportTotal509Amt06229020
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01128624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01168302
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01333054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01357129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01241911
IRS990ScheduleA/Total509Grp/TotalAmt06229020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01130145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01179416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01380167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01360615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01245345
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06295688
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt018378
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0172301
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190679
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022234
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022234
IRS990ScheduleD/ExpensesNotReportedAmt015204
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01264006
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt038464
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038464
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01953123
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05196629
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07149752
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025151
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1244184
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2499857
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt015204
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt049500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt015204
IRS990ScheduleD/RevenueNotReportedAmt015204
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01130145
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE PROJECT'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT FREE UNIT 15,204.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT FREE UNIT 15,204.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02059465
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0769322
IRS990ScheduleD/TotalExpensesPerForm990Amt01264006
IRS990ScheduleD/TotalLiabilityAmt025151
IRS990ScheduleD/TotalRevenuePerForm990Amt01130145
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01145349
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01279210
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 10,620. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,620. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 216,812. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 216,812.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03059959
IRS990/TotalAssetsEOYAmt02907739
IRS990/TotalAssetsGrp/BOYAmt03059959
IRS990/TotalAssetsGrp/EOYAmt02907739
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163399
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01100607
IRS990/TotalFunctionalExpensesGrp/TotalAmt01264006
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07220672
IRS990/TotalLiabilitiesEOYAmt07202313
IRS990/TotalLiabilitiesGrp/BOYAmt07220672
IRS990/TotalLiabilitiesGrp/EOYAmt07202313
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4160713

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,907,739
Liabilities
$7,202,313
Net assets
-$4,294,574
Revenue
$1,130,145
Expenses
$1,264,006
Net income
-$133,861
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