Civic Intelligence

Hsc No 2 Housing Development Fu Co Inc

EIN 11-2688252 • 501(c)3 • Greenlawn, NY

Profile

Seeking, acquiring,renovating and financing of rental housing units for low income senior citizens as defined and approved under hud guidelines in order for the low income senior citizens to qualify for section 8 assistance.

650 Paumanack Village DriveGreenlawn, NY 11740

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

99th percentile

$266,294

Higher top officer pay than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

20th percentile

-47%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$56

Down $50 (-47%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$56

Down $50 (-47%) from 2023

Revenue

Flat

$0

Flat from 2023

Expenses

Up

$50

Up $50 from 2023

Net Income

Down

-$50

Down $50 from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,992,219Liabilities 2011: $257,057Net Assets 2011: $1,735,1622011Assets 2012: $2,075,410Liabilities 2012: $341,248Net Assets 2012: $1,734,1622012Assets 2013: $2,095,021Liabilities 2013: $275,448Net Assets 2013: $1,819,5732013Assets 2014: $2,175,991Liabilities 2014: $268,950Net Assets 2014: $1,907,0412014Assets 2015: $2,232,201Liabilities 2015: $235,206Net Assets 2015: $1,996,9952015Assets 2016: $2,324,029Liabilities 2016: $233,495Net Assets 2016: $2,090,5342016Assets 2017: $2,352,015Liabilities 2017: $165,261Net Assets 2017: $2,186,7542017Assets 2018: $2,434,918Liabilities 2018: $803,966Net Assets 2018: $1,630,9522018Assets 2019: $1,705,610Liabilities 2019: $618,925Net Assets 2019: $1,086,6852019Assets 2020: $1,137,878Liabilities 2020: $720,542Net Assets 2020: $417,3362020Assets 2021: $439,803Liabilities 2021: $439,697Net Assets 2021: $1062021Assets 2022: $3,384Liabilities 2022: $3,278Net Assets 2022: $1062022Assets 2023: $106Liabilities 2023: $0Net Assets 2023: $1062023Assets 2024: $56Liabilities 2024: $0Net Assets 2024: $562024

Highlighted filing

2024

Assets$56
Liabilities$0
Net Assets$56

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $81,9082011Expenses 2012: $85,1912012Revenue 2013: $85,411Expenses 2013: $0Net Income 2013: $85,4112013Revenue 2014: $88,468Expenses 2014: $1,000Net Income 2014: $87,4682014Revenue 2015: $90,954Expenses 2015: $1,000Net Income 2015: $89,9542015Revenue 2016: $94,539Expenses 2016: $1,000Net Income 2016: $93,5392016Revenue 2017: $96,220Expenses 2017: $0Net Income 2017: $96,2202017Revenue 2018: $99,171Expenses 2018: $654,973Net Income 2018: -$555,8022018Revenue 2019: $74,658Expenses 2019: $618,925Net Income 2019: -$544,2672019Revenue 2020: $51,193Expenses 2020: $720,542Net Income 2020: -$669,3492020Revenue 2021: $22,468Expenses 2021: $439,697Net Income 2021: -$417,2292021Revenue 2022: $3,278Expenses 2022: $3,278Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $50Net Income 2024: -$502024

Highlighted filing

2024

Revenue$0
Expenses$50
Net Income-$50

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.44$0.00$0.02$0.44$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.72$0.42$0.05$0.72$0.67
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.62$1.09$0.07$0.62$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$0.80$1.63$0.10$0.65$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.17$2.19$0.10$0.00$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.23$2.09$0.09$0.00$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.24$2.00$0.09$0.00$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.18$0.27$1.91$0.09$0.00$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.10$0.28$1.82$0.09$0.00$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.34$1.73$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.26$1.74$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Seeking, acquiring,renovating and financing of rental housing units for low income senior citizens as defined and approved under hud guidelines in order for the low income senior citizens to qualify for section 8 assistance.

Seeking,acquiring,renovating and financing of rental housing units for low income senior citizens as defined and approved under hud guidelines in order to qualify for section 8 assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$106$56▼ $50
Total Assets$106$56▼ $50
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$106$56▼ $50
Total Net Assets Fund Balance$106$56▼ $50
Total Liabilities and Net Assets / Fund Balance$106$56▼ $50
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lawrence CreganDirector$129,980$129,980
Jeffrey HartmanDirector$124,231$124,231
Janice DalessioTreasurer$56,994$56,994
John ZanfinoDirector$56,994$56,994

Board Members and Trustees

NameTitle
William DavidsonPresident
Carl MillsDirector
Frank TassoneDirector
John FlanaganDirector
Vincent Frigeria IiiDirector
Judy FarabaughController
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-50
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$50-$50
Total Functional Expenses$0$50$0$50
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's president and controller meet with the preparer and discuss the filing with the board for approval.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Hsc No 2 Housing Development Fu
EIN
11-2688252
Phone
6312620101
Address
650 PAUMANACK VILLAGE DRIVE, GREENLAWN, NY 11740

Signing Officer

Name
William Davidson
Title
President
Phone
6312620101
Signed
2025-05-09

Organization Details

Principal Officer
William Davidson
Formed
1983
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
4
Employees
0

Preparer

Firm
King and Associates CPA Pc
Address
320 CARLETON AVE STE 3500, CENTRAL ISLIP, NY 11722-4534
Preparer
Robert King CPA
Phone
6312315336
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

FILING FEES 0 50 0

Raw XML AppendixShowing 400 of 450 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0266294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1232666
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM DAVIDSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JUDY FARABAUGH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CONTROLLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0266294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1232666
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRESIDENT AND CONTROLLER MEET WITH THE PREPARER AND DISCUSS THE FILING WITH THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FILING FEES 0 50 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0261952877
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1261952770
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2S CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0PAUMANACK VILLAGE II CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1PAUMANACK VILLAGE III CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2PAUMANACK VILLAGE PARTNER INC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2GREENLAWN
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd011740
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd111740
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SENIOR CITIZENS HOUSING COMMITTEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HUNTINGTON SENIOR CITIZENS HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2HSC NO 4 HOUSING DEVELOPMENT FUN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3HSC NO 5 HOUSING DEVELOPMENT FUN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4HSC NO 6 HOUSING DEVELOPMENT FUN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112426215
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1237423372
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2113029451
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3010698010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4341977180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PLAN AND D
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PLAN AND D
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3PROVIDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4PROVIDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012B
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0650 PAUMANACK VILLAGE DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1650 PAUMANACK VILLAGE DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2650 PAUMANACK VILLAGE DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3650 PAUMANACK VILLAGE DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt4650 PAUMANACK VILLAGE DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENLAWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1GREENLAWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2GREENLAWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3GREENLAWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4GREENLAWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd111740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd211740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd311740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd411740
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0106
IRS990/TotalAssetsEOYAmt056
IRS990/TotalAssetsGrp/BOYAmt0106
IRS990/TotalAssetsGrp/EOYAmt056
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt050
IRS990/TotalGrossUBIAmt00

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