Civic Intelligence

St. Marks Senior Citizens Housing Development Fund Corp

990 • Fiscal year 2022 • EIN 11-2993853

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 20, 2023

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

98th percentile

3.07x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

10.65x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

23rd percentile

-32%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

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

Asset Growth

37th percentile

-3.4%

Faster asset growth than 37% of similar nonprofits.

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

Revenue Growth

71st percentile

7.3%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$3,059,068

Down $106,223 (-3.4%) from 2021

Net Assets

Down

-$6,340,526

Down $280,482 (-4.6%) from 2021

Liabilities

Up

$9,399,594

Up $174,259 (+1.9%) from 2021

Revenue

Up

$882,618

Up $59,949 (+7.3%) from 2021

Expenses

Down

$1,163,100

Down $118,148 (-9.2%) from 2021

Net Income

Up

-$280,482

Up $178,097 (+39%) from 2021

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

2022

Assets$3,059,068
Liabilities$9,399,594
Net Assets-$6,340,526

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

2022

Revenue$882,618
Expenses$1,163,100
Net Income-$280,482
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 20, 2023
Return Version
2022v5.0
Gross Receipts
$882,618
Mission and Program Overview

Mission

Operates senior citizen housing complex

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,892,240$2,663,686▼ $228,554
Accounts Receivable$15,995$106,895▲ $90,900
Prepaid Expenses and Deferred Charges$47,505$89,758▲ $42,253
Cash and Non-Interest-Bearing Accounts$44,512$1,381▼ $43,131
Total Assets$3,165,291$3,059,068▼ $106,223
Other Assets Total$165,039$197,348▲ $32,309
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,442,700$8,442,700→ $0
Accounts Payable and Accrued Expenses$736,846$914,864▲ $178,018
Other Liabilities$32,719$34,722▲ $2,003
Deferred Revenue$13,070$7,308▼ $5,762
Total Liabilities$9,225,335$9,399,594▲ $174,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,060,044$-6,340,526▼ $280,482
Total Net Assets Fund Balance$-6,060,044$-6,340,526▼ $280,482
Total Liabilities and Net Assets / Fund Balance$3,165,291$3,059,068▼ $106,223

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,349,603$5,764,126$8,113,729
Leasehold Improvements$314,082$215,733$529,815
Equipment-$316,906$316,906
Other Land Buildings-$11,605$11,605
Land$1-$1
Other Assets Org$155,585--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$881,737
Investment Income
$731
Other Revenue
$150
Change in Net Assets
$-280,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$882,618
Total Revenue per Audited Statements
$882,618
Total Revenue per Form 990
$882,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,157
Salaries, Compensation, and Employee Benefits$167,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$228,554--$228,554
Other Salaries and Wages$37,351$110,602-$147,953
Other Expenses$89,838--$89,838
Insurance$77,662--$77,662
Fees for Services Management-$69,600-$69,600
Fees for Services Accounting-$27,994-$27,994
All Other Expenses-$21,987-$21,987
Information Technology-$19,668-$19,668
Office Expenses-$14,829-$14,829
Payroll Taxes$2,857$8,569-$11,426
Other Employee Benefits$8,564--$8,564
Fees for Services Legal-$8,481-$8,481
Total Functional Expenses$881,370$281,730$0$1,163,100

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,163,100
Total Expenses per Audited Statements$1,163,100
Total Expenses per Form 990$1,163,100
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$30,525
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 for board feeedback before efiling

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 declaration are submitted to determined if or any conflicts

Form 990, Part VI, Section C, Line 18

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
Title
President
Phone
7187566607
Signed
2023-09-20
Discuss with paid preparer
No

Organization Details

Principal Officer
Kino Vitet
Formed
1989
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
2

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/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/NetAssetsOrFundBalancesBOYAmt0-6060044
IRS990/NetAssetsOrFundBalancesEOYAmt0-6340526
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-6060044
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-6340526
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014829
IRS990/OfficeExpensesGrp/TotalAmt014829
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0165039
IRS990/OtherAssetsTotalGrp/EOYAmt0197348
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08564
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08564
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIR MAINTENANCE
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3SECURITY CONTRACT
IRS990/OtherExpensesGrp/ProgramServicesAmt0156346
IRS990/OtherExpensesGrp/ProgramServicesAmt1155066
IRS990/OtherExpensesGrp/ProgramServicesAmt2125132
IRS990/OtherExpensesGrp/ProgramServicesAmt389838
IRS990/OtherExpensesGrp/TotalAmt0156346
IRS990/OtherExpensesGrp/TotalAmt1155066
IRS990/OtherExpensesGrp/TotalAmt2125132
IRS990/OtherExpensesGrp/TotalAmt389838
IRS990/OtherLiabilitiesGrp/BOYAmt032719
IRS990/OtherLiabilitiesGrp/EOYAmt034722
IRS990/OtherRevenueMiscGrp/BusinessCd0511110
IRS990/OtherRevenueMiscGrp/Desc0MISC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0150
IRS990/OtherRevenueTotalAmt0150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0110602
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037351
IRS990/OtherSalariesAndWagesGrp/TotalAmt0147953
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08569
IRS990/PayrollTaxesGrp/ProgramServicesAmt02857
IRS990/PayrollTaxesGrp/TotalAmt011426
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt047505
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt089758
IRS990/PrincipalOfficerNm0KINO VITET
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0511110
IRS990/ProgramServiceRevenueGrp/BusinessCd1511110
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0877777
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0877777
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13960
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0135
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01119515
IRS990/PYOtherRevenueAmt08021
IRS990/PYProgramServiceRevenueAmt0814513
IRS990/PYRevenuesLessExpensesAmt0-458579
IRS990/PYSalariesCompEmpBnftPaidAmt0161733
IRS990/PYTotalExpensesAmt01281248
IRS990/PYTotalRevenueAmt0822669
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-280482
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0603
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01225
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0877777
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0810433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0766928
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0791571
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0792927
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04039636
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0603
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03030
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt04039636
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0877777
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0810433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0766928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0791571
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0792927
IRS990ScheduleA/Total509Grp/TotalAmt04039636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0878508
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0810568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0767264
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0792174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0794152
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04042666
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02349603
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05764126
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08113729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0316906
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0316906
IRS990ScheduleD/ExpensesSubtotalAmt01163100
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01

Document Assets

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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