Civic Intelligence

Arlington Apartments Housing Development Fund Corporation

990 • Fiscal year 2013 • EIN 11-3166122

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 02, 2014

625 Jamaica AvenueBrooklyn, NY 11208

(718) 647-2800

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.72x

Higher debt load relative to assets than 52% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

63rd percentile

3.86x

Higher debt load relative to revenue than 63% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Net Margin

30th percentile

-22%

Higher net margin than 30% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Asset Growth

36th percentile

-3.0%

Faster asset growth than 36% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$1,261,737

Down $39,455 (-3.0%) from 2012

Net Assets

Down

$347,096

Down $53,264 (-13%) from 2012

Liabilities

Up

$914,641

Up $13,809 (+1.5%) from 2012

Revenue

$237,139

No earlier filing loaded for comparison.

Expenses

Up

$290,403

Up $21,587 (+8.0%) from 2012

Net Income

-$53,264

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,378,223Liabilities 2011: $889,720Net Assets 2011: $488,5032011Assets 2012: $1,301,192Liabilities 2012: $900,832Net Assets 2012: $400,3602012Assets 2013: $1,261,737Liabilities 2013: $914,641Net Assets 2013: $347,0962013Assets 2014: $1,230,737Liabilities 2014: $969,912Net Assets 2014: $260,8252014Assets 2015: $1,193,597Liabilities 2015: $1,012,399Net Assets 2015: $181,1982015Assets 2016: $1,146,706Liabilities 2016: $1,074,494Net Assets 2016: $72,2122016Assets 2017: $1,103,841Liabilities 2017: $1,079,097Net Assets 2017: $24,7442017Assets 2018: $1,020,190Liabilities 2018: $1,209,517Net Assets 2018: -$189,3272018Assets 2019: $982,267Liabilities 2019: $1,242,065Net Assets 2019: -$259,7982019Assets 2020: $968,299Liabilities 2020: $1,367,156Net Assets 2020: -$398,8572020Assets 2021: $959,144Liabilities 2021: $1,488,160Net Assets 2021: -$529,0162021Assets 2022: $906,913Liabilities 2022: $1,603,620Net Assets 2022: -$696,7072022Assets 2023: $836,937Liabilities 2023: $1,775,784Net Assets 2023: -$938,8472023Assets 2024: $771,620Liabilities 2024: $1,970,224Net Assets 2024: -$1,198,6042024

Highlighted filing

2013

Assets$1,261,737
Liabilities$914,641
Net Assets$347,096

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2011: $252,7512011Expenses 2012: $268,8162012Revenue 2013: $237,139Expenses 2013: $290,403Net Income 2013: -$53,2642013Revenue 2014: $220,931Expenses 2014: $307,202Net Income 2014: -$86,2712014Revenue 2015: $235,469Expenses 2015: $315,096Net Income 2015: -$79,6272015Revenue 2016: $233,070Expenses 2016: $342,056Net Income 2016: -$108,9862016Revenue 2017: $271,404Expenses 2017: $318,872Net Income 2017: -$47,4682017Revenue 2018: $211,960Expenses 2018: $426,031Net Income 2018: -$214,0712018Revenue 2019: $303,199Expenses 2019: $373,170Net Income 2019: -$69,9712019Revenue 2020: $247,523Expenses 2020: $386,582Net Income 2020: -$139,0592020Revenue 2021: $247,372Expenses 2021: $377,531Net Income 2021: -$130,1592021Revenue 2022: $234,273Expenses 2022: $401,964Net Income 2022: -$167,6912022Revenue 2023: $230,607Expenses 2023: $472,747Net Income 2023: -$242,1402023Revenue 2024: $231,219Expenses 2024: $490,976Net Income 2024: -$259,7572024

Highlighted filing

2013

Revenue$237,139
Expenses$290,403
Net Income-$53,264
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 2, 2014
Return Version
2013v3.1
Gross Receipts
$237,139
Mission and Program Overview

Mission

To provide affordable housing to persons and families of low income in Brooklyn, NY.

Maintain a residential housing building for rent to persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,254,742$1,210,401▼ $44,341
Savings and Temporary Cash Investments$25,408$17,455▼ $7,953
Prepaid Expenses and Deferred Charges-$11,778-
Cash and Non-Interest-Bearing Accounts$5,579$9,892▲ $4,313
Accounts Receivable$1,927$7,154▲ $5,227
Total Assets$1,301,192$1,261,737▼ $39,455
Other Assets Total$13,536$5,057▼ $8,479
Liabilities
Other Liabilities$509,090$548,065▲ $38,975
Mortgage Notes Payable Secured by Investment Property$345,827$340,573▼ $5,254
Accounts Payable and Accrued Expenses$45,915$26,003▼ $19,912
Total Liabilities$900,832$914,641▲ $13,809
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,226,069$1,226,069→ $0
Unrestricted Net Assets$-825,709$-878,973▼ $53,264
Total Net Assets Fund Balance$400,360$347,096▼ $53,264
Total Liabilities and Net Assets / Fund Balance$1,301,192$1,261,737▼ $39,455

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,119,831$-837,897$1,957,728
Equipment$64,170-$64,170
Land$26,400-$26,400
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$223,495
Investment Income
$27
Other Revenue
$13,617
Change in Net Assets
$-53,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$237,139
Total Revenue per Audited Statements
$237,139
Total Revenue per Form 990
$237,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,403
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
Depreciation Depletion$50,515--$50,515
Interest$41,184--$41,184
Fees for Services Management$17,894--$17,894
Fees for Services Other$12,273--$12,273
Insurance$11,387--$11,387
Other Expenses$5,848--$5,848
Fees for Services Legal$4,280--$4,280
Office Expenses$3,519--$3,519
Fees for Services Accounting$3,500--$3,500
Total Functional Expenses$290,403$0$0$290,403

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$290,403
Total Expenses per Audited Statements$290,403
Total Expenses per Form 990$290,403
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
Security Deposit Payable$531,295
Accrued Mortgage Interest$12,313
Federal income taxes$4,457
Due to Affiliate-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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

Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the audit committee for review. The audit committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the board for review and approval. Upon approval from the board the 990 will be filed.

Form 990, Part VI, Section B, Line 12C

Board members, Officers and Employees report annually if a conflict appears to exist, management and the board will meet with the individual to obtain all facts. Subsequently, a vote will ensure if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
11-3166122
Phone
7186472800

Signing Officer

Name
Michelle D Neugebauer
Title
CEO
Signed
2014-10-02
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Tyrone Sellers
Phone
7183418770
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025408
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017455
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0747
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0808
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01183
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02817
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0223495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0180621
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0184703
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0175449
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0183862
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0948130
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0747
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0808
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01183
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02817
IRS990ScheduleA/InvestmentIncomeCYPct00.00290
IRS990ScheduleA/InvestmentIncomePYPct00.00530
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013617
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013617
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.98300
IRS990ScheduleA/PublicSupportPY509Pct00.99470
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0948130
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0223495
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0180621
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0184703
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0175449
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0183862
IRS990ScheduleA/Total509Grp/TotalAmt0948130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0237139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0180673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0185450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0176257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0185045
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0964564
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01119831
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0-837897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01957728
IRS990ScheduleD/EquipmentGrp/BookValueAmt064170
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064170
IRS990ScheduleD/ExpensesSubtotalAmt0290403
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt026400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt026400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04457
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1531295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED MORTGAGE INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO AFFILIATE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0237139
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01210401
IRS990ScheduleD/TotalExpensesPerForm990Amt0290403
IRS990ScheduleD/TotalLiabilityAmt0548065
IRS990ScheduleD/TotalRevenuePerForm990Amt0237139
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0237139
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0290403
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the audit committee for review. The audit committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the board for review and approval. Upon approval from the board the 990 will be filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members, Officers and Employees report annually if a conflict appears to exist, management and the board will meet with the individual to obtain all facts. Subsequently, a vote will ensure if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10CYPRESS HILLS LOCAL DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112683663
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10625 JAMAICA AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode011208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt012313
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt115437
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10CYPRESS HILLS LOCAL DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11CYPRESS HILLS LOCAL DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0e
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1j
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$1.97$1.20$0.23$0.49$0.26
2023Detailed filing. Detailed filing data is available for this year.$0.84$1.78$0.94$0.23$0.47$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.91$1.60$0.70$0.23$0.40$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.96$1.49$0.53$0.25$0.38$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.97$1.37$0.40$0.25$0.39$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.98$1.24$0.26$0.30$0.37$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.02$1.21$0.19$0.21$0.43$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.10$1.08$0.02$0.27$0.32$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.15$1.07$0.07$0.23$0.34$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.19$1.01$0.18$0.24$0.32$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.97$0.26$0.22$0.31$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.26$0.91$0.35$0.24$0.29$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.90$0.40$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.89$0.49$0.25