Civic Intelligence

St. Marks Senior Citizens Housing Development Fund Corp

990 • Fiscal year 2021 • EIN 11-2993853

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 05, 2022

221-10 Jamaica Ave Apt 3 FLQueens Village, NY 11428

(718) 756-6607

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

2.91x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

11.21x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

8th percentile

-56%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

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

Asset Growth

15th percentile

-6.0%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

65th percentile

5.3%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Down

$3,165,291

Down $202,394 (-6.0%) from 2020

Net Assets

Down

-$6,060,044

Down $458,579 (-8.2%) from 2020

Liabilities

Up

$9,225,335

Up $256,185 (+2.9%) from 2020

Revenue

Up

$822,669

Up $41,610 (+5.3%) from 2020

Expenses

Up

$1,281,248

Up $168,666 (+15%) from 2020

Net Income

Down

-$458,579

Down $127,056 (-38%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $5,299,194Liabilities 2011: $8,561,507Net Assets 2011: -$3,262,3132011Assets 2012: $5,171,600Liabilities 2012: $8,619,950Net Assets 2012: -$3,448,3502012Assets 2013: $4,972,363Liabilities 2013: $8,603,835Net Assets 2013: -$3,631,4722013Assets 2014: $4,750,066Liabilities 2014: $8,672,766Net Assets 2014: -$3,922,7002014Assets 2015: $4,419,068Liabilities 2015: $8,643,728Net Assets 2015: -$4,224,6602015Assets 2016: $4,243,258Liabilities 2016: $8,684,717Net Assets 2016: -$4,441,4592016Assets 2017: $4,097,030Liabilities 2017: $8,703,268Net Assets 2017: -$4,606,2382017Assets 2019: $3,590,802Liabilities 2019: $8,860,744Net Assets 2019: -$5,269,9422019Assets 2020: $3,367,685Liabilities 2020: $8,969,150Net Assets 2020: -$5,601,4652020Assets 2021: $3,165,291Liabilities 2021: $9,225,335Net Assets 2021: -$6,060,0442021Assets 2022: $3,059,068Liabilities 2022: $9,399,594Net Assets 2022: -$6,340,5262022Assets 2023: $2,708,595Liabilities 2023: $9,256,596Net Assets 2023: -$6,548,0012023Assets 2024: $2,564,876Liabilities 2024: $9,451,184Net Assets 2024: -$6,886,3082024

Highlighted filing

2021

Assets$3,165,291
Liabilities$9,225,335
Net Assets-$6,060,044

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $840,3012011Expenses 2012: $897,0492012Revenue 2013: $701,398Expenses 2013: $884,520Net Income 2013: -$183,1222013Revenue 2014: $677,765Expenses 2014: $968,993Net Income 2014: -$291,2282014Revenue 2015: $715,581Expenses 2015: $1,017,541Net Income 2015: -$301,9602015Revenue 2016: $767,821Expenses 2016: $984,619Net Income 2016: -$216,7982016Revenue 2017: $795,306Expenses 2017: $960,085Net Income 2017: -$164,7792017Revenue 2019: $798,407Expenses 2019: $1,130,434Net Income 2019: -$332,0272019Revenue 2020: $781,059Expenses 2020: $1,112,582Net Income 2020: -$331,5232020Revenue 2021: $822,669Expenses 2021: $1,281,248Net Income 2021: -$458,5792021Revenue 2022: $882,618Expenses 2022: $1,163,100Net Income 2022: -$280,4822022Revenue 2023: $954,389Expenses 2023: $1,161,864Net Income 2023: -$207,4752023Revenue 2024: $951,610Expenses 2024: $1,289,917Net Income 2024: -$338,3072024

Highlighted filing

2021

Revenue$822,669
Expenses$1,281,248
Net Income-$458,579
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 5, 2022
Return Version
2021v4.2
Gross Receipts
$822,669
Mission and Program Overview

Mission

Operates senior citizen housing complex

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,120,793$2,892,240▼ $228,553
Prepaid Expenses and Deferred Charges$40,251$47,505▲ $7,254
Cash and Non-Interest-Bearing Accounts$13,896$44,512▲ $30,616
Accounts Receivable$10,873$15,995▲ $5,122
Other Notes and Loans Receivable, Net$6,271--
Total Assets$3,367,685$3,165,291▼ $202,394
Other Assets Total$175,601$165,039▼ $10,562
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,442,700$8,442,700→ $0
Accounts Payable and Accrued Expenses$490,109$736,846▲ $246,737
Other Liabilities$30,776$32,719▲ $1,943
Deferred Revenue$5,565$13,070▲ $7,505
Total Liabilities$8,969,150$9,225,335▲ $256,185
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,601,465$-6,060,044▼ $458,579
Total Net Assets Fund Balance$-5,601,465$-6,060,044▼ $458,579
Total Liabilities and Net Assets / Fund Balance$3,367,685$3,165,291▼ $202,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,552,446$5,561,283$8,113,729
Leasehold Improvements$339,793$190,022$529,815
Equipment-$316,906$316,906
Other Land Buildings-$11,605$11,605
Land$1-$1
Other Assets Org$127,364--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$814,513
Investment Income
$135
Other Revenue
$8,021
Change in Net Assets
$-458,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$822,669
Total Revenue per Audited Statements
$822,669
Total Revenue per Form 990
$822,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,119,515
Salaries, Compensation, and Employee Benefits$161,733
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$228,553--$228,553
Other Salaries and Wages$36,746$105,964-$142,710
Other Expenses$90,405--$90,405
Fees for Services Management-$69,600-$69,600
Insurance$68,327--$68,327
Fees for Services Accounting-$36,989-$36,989
Other Employee Benefits$11,021$8,002-$19,023
Information Technology-$16,281-$16,281
All Other Expenses-$15,380-$15,380
Office Expenses-$11,320-$11,320
Fees for Services Legal-$3,795-$3,795
Total Functional Expenses$1,013,917$267,331$0$1,281,248

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,281,248
Total Expenses per Audited Statements$1,281,248
Total Expenses per Form 990$1,281,248
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
Federal income taxes$28,522
Rent Security Payable$4,197
Due to Hud-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

Form is reviewed by the baord. At least 5 days is given before filing

Form 990, Part VI, Section B, Line 15

Directors and officers were not paid

Form 990, Part VI, Section B, Line 12

Directors and officers are issued a copy of the coi policy upon appointment. Annual declarations are submitted to determined if or any conflict

Form 990, Part VI, Section C, Line 19

Documents are available upon request to any board member

Filing and Contact Details

Filer

Filer Name
St Marks Senior Citizens Hdfc
EIN
11-2993853
Phone
7187566607
Address
221-10 JAMAICA AVE APT 3 FL, QUEENS VILLAGE, NY 11428

Signing Officer

Name
Kino Vitet Vitet
Title
President
Phone
7187566607
Signed
2022-09-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Kino Vitet Vitet
Formed
1989
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
3

Preparer

Firm
John W Davis CPA
Address
1736 E ELIZABETH AVE, LINDEN, NJ 07036
Preparer
John W Davis
Phone
9082753382
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OPERATES SENIOR CITIZEN HOUSING COMPLEX
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08442700
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08442700
IRS990/NetAssetsOrFundBalancesBOYAmt0-5601465
IRS990/NetAssetsOrFundBalancesEOYAmt0-6060044
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-5601465
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-6060044
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011320
IRS990/OfficeExpensesGrp/TotalAmt011320
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0175601
IRS990/OtherAssetsTotalGrp/EOYAmt0165039
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08002
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011021
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019023
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIR MAINTENANCE
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3SECURITY CONTRACT
IRS990/OtherExpensesGrp/ProgramServicesAmt0172139
IRS990/OtherExpensesGrp/ProgramServicesAmt1303076
IRS990/OtherExpensesGrp/ProgramServicesAmt2103650
IRS990/OtherExpensesGrp/ProgramServicesAmt390405
IRS990/OtherExpensesGrp/TotalAmt0172139
IRS990/OtherExpensesGrp/TotalAmt1303076
IRS990/OtherExpensesGrp/TotalAmt2103650
IRS990/OtherExpensesGrp/TotalAmt390405
IRS990/OtherLiabilitiesGrp/BOYAmt030776
IRS990/OtherLiabilitiesGrp/EOYAmt032719
IRS990/OtherRevenueMiscGrp/BusinessCd0511110
IRS990/OtherRevenueMiscGrp/Desc0MISC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08021
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08021
IRS990/OtherRevenueTotalAmt08021
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0105964
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036746
IRS990/OtherSalariesAndWagesGrp/TotalAmt0142710
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06271
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040251
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047505
IRS990/PrincipalOfficerNm0KINO VITET VITET
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0511110
IRS990/ProgramServiceRevenueGrp/BusinessCd1511110
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0810433
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0810433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14080
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0336
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0954471
IRS990/PYProgramServiceRevenueAmt0780723
IRS990/PYRevenuesLessExpensesAmt0-331523
IRS990/PYSalariesCompEmpBnftPaidAmt0158111
IRS990/PYTotalExpensesAmt01112582
IRS990/PYTotalRevenueAmt0781059
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-458579
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0810433
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0603
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01225
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0570
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0810433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0766928
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0791571
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0792927
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0787172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03949031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0603
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0570
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02869
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt03949031
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0810433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0766928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0791571
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0792927
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0787172
IRS990ScheduleA/Total509Grp/TotalAmt03949031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0810568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0767264
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0792174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0794152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0787742
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03951900
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02552446
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05561283
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08113729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0316906
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0316906
IRS990ScheduleD/ExpensesSubtotalAmt01281248

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$9.45$6.89$0.95$1.29$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.71$9.26$6.55$0.95$1.16$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.06$9.40$6.34$0.88$1.16$0.28
2021Detailed filing. Detailed filing data is available for this year.$3.17$9.23$6.06$0.82$1.28$0.46
2020Detailed filing. Detailed filing data is available for this year.$3.37$8.97$5.60$0.78$1.11$0.33
2019Detailed filing. Detailed filing data is available for this year.$3.59$8.86$5.27$0.80$1.13$0.33
2017Detailed filing. Detailed filing data is available for this year.$4.10$8.70$4.61$0.80$0.96$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.24$8.68$4.44$0.77$0.98$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.42$8.64$4.22$0.72$1.02$0.30
2014Detailed filing. Detailed filing data is available for this year.$4.75$8.67$3.92$0.68$0.97$0.29
2013Detailed filing. Detailed filing data is available for this year.$4.97$8.60$3.63$0.70$0.88$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$8.62$3.45$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$8.56$3.26$0.84