Civic Intelligence

Bellerose Senior Housing Development Fund Company Inc

EIN 11-3166290 • 501(c)3 • Brooklyn, NY

Profile

To provide safe and affordable housing for elderly and disabled persons of low income.

191 Joralemon StreetBrooklyn, NY 11201

www.ccbq.org

Siviq Scores

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

Liabilities / Assets

98th percentile

2.03x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

4.93x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

95th percentile

$325,584

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 35.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

27th percentile

-3.7%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

37th percentile

0.1%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,327,758

Down $75,033 (-3.1%) from 2023

Liabilities

Down

$4,509,615

Down $18,414 (-0.4%) from 2023

Net Assets

Down

-$2,181,857

Down $56,619 (-2.7%) from 2023

Revenue

Up

$921,163

Up $44,997 (+5.1%) from 2023

Expenses

Down

$977,782

Down $14,516 (-1.5%) from 2023

Net Income

Up

-$56,619

Up $59,513 (+51%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $3,308,611Liabilities 2011: $4,615,985Net Assets 2011: -$1,307,3742011Assets 2012: $3,271,860Liabilities 2012: $4,673,828Net Assets 2012: -$1,401,9682012Assets 2013: $3,266,315Liabilities 2013: $4,718,624Net Assets 2013: -$1,452,3092013Assets 2014: $3,061,197Liabilities 2014: $4,524,278Net Assets 2014: -$1,463,0812014Assets 2015: $3,021,987Liabilities 2015: $4,547,242Net Assets 2015: -$1,525,2552015Assets 2016: $3,003,830Liabilities 2016: $4,557,157Net Assets 2016: -$1,553,3272016Assets 2017: $2,860,463Liabilities 2017: $4,490,817Net Assets 2017: -$1,630,3542017Assets 2018: $2,886,279Liabilities 2018: $4,542,419Net Assets 2018: -$1,656,1402018Assets 2019: $2,852,011Liabilities 2019: $4,547,060Net Assets 2019: -$1,695,0492019Assets 2020: $2,737,773Liabilities 2020: $4,526,963Net Assets 2020: -$1,789,1902020Assets 2021: $2,652,240Liabilities 2021: $4,533,481Net Assets 2021: -$1,881,2412021Assets 2022: $2,543,796Liabilities 2022: $4,552,902Net Assets 2022: -$2,009,1062022Assets 2023: $2,402,791Liabilities 2023: $4,528,029Net Assets 2023: -$2,125,2382023Assets 2024: $2,327,758Liabilities 2024: $4,509,615Net Assets 2024: -$2,181,8572024

Highlighted filing

2024

Assets$2,327,758
Liabilities$4,509,615
Net Assets-$2,181,857

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $665,892Expenses 2011: $724,162Net Income 2011: -$58,2702011Revenue 2012: $519,698Expenses 2012: $614,292Net Income 2012: -$94,5942012Revenue 2013: $567,013Expenses 2013: $617,354Net Income 2013: -$50,3412013Revenue 2014: $619,861Expenses 2014: $630,633Net Income 2014: -$10,7722014Revenue 2015: $647,132Expenses 2015: $709,306Net Income 2015: -$62,1742015Revenue 2016: $644,186Expenses 2016: $672,258Net Income 2016: -$28,0722016Revenue 2017: $646,498Expenses 2017: $723,525Net Income 2017: -$77,0272017Revenue 2018: $801,002Expenses 2018: $826,788Net Income 2018: -$25,7862018Revenue 2019: $790,812Expenses 2019: $829,721Net Income 2019: -$38,9092019Revenue 2020: $798,405Expenses 2020: $892,546Net Income 2020: -$94,1412020Revenue 2021: $775,865Expenses 2021: $867,916Net Income 2021: -$92,0512021Revenue 2022: $777,378Expenses 2022: $905,243Net Income 2022: -$127,8652022Revenue 2023: $876,166Expenses 2023: $992,298Net Income 2023: -$116,1322023Revenue 2024: $921,163Expenses 2024: $977,782Net Income 2024: -$56,6192024

Highlighted filing

2024

Revenue$921,163
Expenses$977,782
Net Income-$56,619

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.33$4.51$2.18$0.92$0.98$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.40$4.53$2.13$0.88$0.99$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$4.55$2.01$0.78$0.91$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$4.53$1.88$0.78$0.87$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$4.53$1.79$0.80$0.89$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$4.55$1.70$0.79$0.83$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$4.54$1.66$0.80$0.83$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$4.49$1.63$0.65$0.72$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$4.56$1.55$0.64$0.67$0.03
2015Summary only. Only limited summary data is available for this year.$3.02$4.55$1.53$0.65$0.71$0.06
2014Summary only. Only limited summary data is available for this year.$3.06$4.52$1.46$0.62$0.63$0.01
2013Summary only. Only limited summary data is available for this year.$3.27$4.72$1.45$0.57$0.62$0.05
2012Summary only. Only limited summary data is available for this year.$3.27$4.67$1.40$0.52$0.61$0.09
2011Summary only. Only limited summary data is available for this year.$3.31$4.62$1.31$0.67$0.72$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$921,163
Mission and Program Overview

Mission

To provide safe and affordable housing for elderly and disabled persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,043,953$1,946,354▼ $97,599
Savings and Temporary Cash Investments$220,352$251,515▲ $31,163
Prepaid Expenses and Deferred Charges$98,719$80,682▼ $18,037
Cash and Non-Interest-Bearing Accounts$25,426$31,510▲ $6,084
Accounts Receivable$1,223$1,236▲ $13
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,402,791$2,327,758▼ $75,033
Other Assets Total$13,118$16,461▲ $3,343
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,318,900$4,318,900→ $0
Other Liabilities$139,857$136,401▼ $3,456
Accounts Payable and Accrued Expenses$66,697$53,424▼ $13,273
Deferred Revenue$2,575$890▼ $1,685
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,528,029$4,509,615▼ $18,414
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,125,238$-2,181,857▼ $56,619
Total Net Assets Fund Balance$-2,125,238$-2,181,857▼ $56,619
Total Liabilities and Net Assets / Fund Balance$2,402,791$2,327,758▼ $75,033

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,417,144$3,209,251$4,626,395
Land$500,000-$500,000
Equipment$8,871$76,521$85,392
Other Land Buildings$20,339$43,234$63,573
Compensation and Service Providers

Employees

NameTitleOtherTotal
Very Rev Patrick KeatingDeputy CEO$46,500$46,500
Rev Msgr Alfred P LopintoCEO$43,500$43,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$905,719
Investment Income
$11,588
Other Revenue
$3,856
Change in Net Assets
$-56,619

Audited Revenue Reconciliation

Revenue per Audited Statements
$921,163
Total Revenue per Audited Statements
$921,163
Total Revenue per Form 990
$921,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$977,782
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
Occupancy$465,672--$465,672
Depreciation Depletion$145,259--$145,259
Insurance$63,173--$63,173
Fees for Services Management$53,178--$53,178
Fees for Services Accounting-$15,200-$15,200
Office Expenses$3,129$7,243-$10,372
Other Expenses$265$997-$1,262
Total Functional Expenses$887,283$90,499$0$977,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$977,782
Total Expenses per Audited Statements$977,782
Total Expenses per Form 990$977,782
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Catholic Charities Pop Dev.$122,213
Tenant Security Deposits$14,174
Due to Pop Management Corporation$14
Governance and Compliance

Governance Checklist

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

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

Catholic charities progress of people's development corp is the sole member of bellerose senior housing development fund company, inc.

FORM 990, PART VI, SECTION A, LINE 7A:

Catholic charities progress of people's development corp, as the sole member of the organization and pursuant to it's bylaws, has certain rights including but not limited to electing directors and filling vacant director positions.

FORM 990, PART VI, SECTION A, LINE 7B:

Catholic charities progress of people's development corp, as the sole member of the organization and pursuant to the bylaws, has certain rights including but not limited to: (1) amend the bylaws of the corporation, (2) change the purpose of the corporation, (3) dissolve the corporation(4) elect directors, (5) fill vacant director positions, and (6) remove directors with or without cause.

FORM 990, PART VI, SECTION B, LINE 11B:

A copy of the form 990 is made available to the board without part vii and schedule j, part ii. The board reviews the form 990 and when the board is satisfied the form 990 is approved for filing with the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

Each director, principal officer and member of a committee with board delegated powers annually signs a statement that affirms that such person: (1) has received a copy of the organization's conflict of interest policy, approved for filing with the irs. (2) has read and understands the policy, (3) has agreed to comply with the policy and (4) understands that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt activities. If there is an actual or perceived conflict of interest, affected individuals must recuse themselves from any discussion or deliberating process.

FORM 990 PART VI, SECTION B, LINE 15:

The reporting organization has no compensation paid to the top management official or other officers of the organization. Compensation is paid by a related section 501(c)(3) organization.

FORM 990, PART VI, SECTION C, LINE 19:

Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.

Filing and Contact Details

Filer

Filer Name
Bellerose Senior Housing
EIN
11-3166290
In Care Of
% JOANNA ROSELLI
Phone
7187226150
Address
191 JORALEMON STREET, BROOKLYN, NY 11201

Signing Officer

Name
Jeanne M Diulio
Title
President
Phone
7187226150
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne M Diulio
Formed
1989
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Tara Cooke
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

Bellerose senior housing development fund company ("hdfc"), inc. Is incorporated in the state of new york and is exempt from federal, state and local income taxes under section 501(c)(3) of the internal revenue code (the code), and therefore has made no provision for income taxes in the accompanying financial statements. Bellerose senior hdfc, inc. Has not taken an unsubstantiated tax position that would require provision of a liability under u.s. Gaap. Under u.s. Gaap, an organization must recognize the tax liabilities associated with the tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination. Bellerose senior hdfc, inc. Does not believe there are any material uncertain tax positions and, accordingly, has not recognized any liability for unrecognized tax benefits as of june 30, 2024. Bellerose senior hdfc, inc. Has filed internal revenue service (irs) form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required. For the tax year ended june 30, 2024, there were no interest or penalties recorded or included in the accompanying financial statements.

Raw XML AppendixShowing 400 of 1,627 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.

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