Civic Intelligence

358-74 Vernon Avenue Housing Development Fund Corporation

990 • Fiscal year 2015 • EIN 11-3257656

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

132 Ralph AvenueBrooklyn, NY 11233

(212) 665-5500

Siviq Scores

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

Liabilities / Assets

86th percentile

1.42x

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

2015 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

7.74x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2015

Net Margin

51st percentile

-23%

Higher net margin than 51% of similar nonprofits.

2015 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

34th percentile

-3.7%

Faster asset growth than 34% of similar nonprofits.

2015 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,917,135

Down $149,142 (-3.7%) from 2014

Net Assets

Down

-$1,648,550

Down $166,371 (-11%) from 2014

Liabilities

Up

$5,565,685

Up $17,229 (+0.3%) from 2014

Revenue

Up

$718,866

Up $68,730 (+11%) from 2014

Expenses

Up

$885,237

Up $48,993 (+5.9%) from 2014

Net Income

Up

-$166,371

Up $19,737 (+11%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $4,629,616Liabilities 2010: $5,562,648Net Assets 2010: -$933,0322010Assets 2011: $4,551,239Liabilities 2011: $5,519,832Net Assets 2011: -$968,5932011Assets 2012: $4,439,559Liabilities 2012: $5,518,896Net Assets 2012: -$1,079,3372012Assets 2013: $4,243,219Liabilities 2013: $5,539,290Net Assets 2013: -$1,296,0712013Assets 2014: $4,066,277Liabilities 2014: $5,548,456Net Assets 2014: -$1,482,1792014Assets 2015: $3,917,135Liabilities 2015: $5,565,685Net Assets 2015: -$1,648,5502015Assets 2016: $3,742,252Liabilities 2016: $5,563,972Net Assets 2016: -$1,821,7202016Assets 2017: $3,552,792Liabilities 2017: $5,558,250Net Assets 2017: -$2,005,4582017Assets 2018: $3,313,126Liabilities 2018: $5,546,686Net Assets 2018: -$2,233,5602018Assets 2019: $3,141,608Liabilities 2019: $5,689,579Net Assets 2019: -$2,547,9712019Assets 2020: $3,010,852Liabilities 2020: $5,771,276Net Assets 2020: -$2,760,4242020Assets 2021: $2,903,911Liabilities 2021: $5,879,218Net Assets 2021: -$2,975,3072021Assets 2022: $2,775,673Liabilities 2022: $5,961,263Net Assets 2022: -$3,185,5902022Assets 2023: $2,638,593Liabilities 2023: $6,103,896Net Assets 2023: -$3,465,3032023Assets 2024: $2,600,776Liabilities 2024: $6,317,204Net Assets 2024: -$3,716,4282024

Highlighted filing

2015

Assets$3,917,135
Liabilities$5,565,685
Net Assets-$1,648,550

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $517,386Expenses 2010: $561,794Net Income 2010: -$44,4082010Expenses 2011: $631,7002011Revenue 2012: $611,626Expenses 2012: $722,370Net Income 2012: -$110,7442012Revenue 2013: $609,750Expenses 2013: $826,484Net Income 2013: -$216,7342013Revenue 2014: $650,136Expenses 2014: $836,244Net Income 2014: -$186,1082014Revenue 2015: $718,866Expenses 2015: $885,237Net Income 2015: -$166,3712015Revenue 2016: $745,745Expenses 2016: $918,915Net Income 2016: -$173,1702016Revenue 2017: $742,063Expenses 2017: $925,801Net Income 2017: -$183,7382017Revenue 2018: $760,541Expenses 2018: $988,643Net Income 2018: -$228,1022018Revenue 2019: $725,356Expenses 2019: $1,039,767Net Income 2019: -$314,4112019Revenue 2020: $682,872Expenses 2020: $895,325Net Income 2020: -$212,4532020Revenue 2021: $681,117Expenses 2021: $896,000Net Income 2021: -$214,8832021Revenue 2022: $655,537Expenses 2022: $865,820Net Income 2022: -$210,2832022Revenue 2023: $663,806Expenses 2023: $943,519Net Income 2023: -$279,7132023Revenue 2024: $770,242Expenses 2024: $1,021,367Net Income 2024: -$251,1252024

Highlighted filing

2015

Revenue$718,866
Expenses$885,237
Net Income-$166,371
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$718,866
Mission and Program Overview

Mission

The organization's mission is to develop housing facilities and services for the elderly and handicppaed persons of low-income.

358-74 vernon avenue housing development fund corporation (the organization) provides supportive housing for the very low-income persons age 62 and older or handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,751,762$3,555,323▼ $196,439
Cash and Non-Interest-Bearing Accounts$985$45,000▲ $44,015
Accounts Receivable$2,126$24,309▲ $22,183
Prepaid Expenses and Deferred Charges$10,464$13,774▲ $3,310
Total Assets$4,066,277$3,917,135▼ $149,142
Other Assets Total$300,940$278,729▼ $22,211
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,429,800$5,429,800→ $0
Accounts Payable and Accrued Expenses$101,412$118,936▲ $17,524
Other Liabilities$16,482$16,482→ $0
Deferred Revenue$762$467▼ $295
Total Liabilities$5,548,456$5,565,685▲ $17,229
Net Assets / Fund Balance
Unrestricted Net Assets$-1,482,179$-1,648,550▼ $166,371
Total Net Assets Fund Balance$-1,482,179$-1,648,550▼ $166,371
Total Liabilities and Net Assets / Fund Balance$4,066,277$3,917,135▼ $149,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,452,142$1,956,661$5,408,803
Equipment$74,080$184,542$258,622
Land$29,101-$29,101
Other Assets Org$262,247--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elliott Robinson JrChairman
Melvin Pope SrMember
James HenrySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$718,572
Investment Income
$294
Other Revenue
$0
Change in Net Assets
$-166,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$752,065
Salaries, Compensation, and Employee Benefits$133,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$196,439--$196,439
Occupancy$129,081--$129,081
Other Salaries and Wages$97,271--$97,271
Fees for Services Management-$50,210-$50,210
Insurance$47,547--$47,547
Other Employee Benefits$25,410--$25,410
Office Expenses-$17,092-$17,092
Fees for Services Other$6,457$8,504-$14,961
Fees for Services Accounting-$11,000-$11,000
Pension Plan Contributions$10,491--$10,491
Other Expenses$75,878$2,577-$2,577
Fees for Services Legal-$96-$96
Total Functional Expenses$795,758$89,479$0$885,237
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
Tenants Security Deposits$16,482
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 11

The draft form 990 is initially provided to the managing agent for review and comments. Once reviewed and comments addressed,copy of the draft form 990 is provided to the board through the board chair for review comments and approval for submission to the irs.

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

On an annual basis, all Board members, Managing Agent and key employees are required to disclose any conflict or potential conflit of interest. The disclosures are reviewed by the Board Members. Any member (s) with conflict of interest will not be allowed to vote on matters related to the conflict of inteest.

Form 990, Part VI, Section B, line 15

The organization has contracted lwc management corporation to manage the project. Management fees are determined and approved by the u.s. Housing and urban development. Compensation of project employees for maintenance and other administrative tasks are initially determined by the managing agent based on experience and rates offered by similar entities in the area, and then presented to the board.

Form 990, Part VI, Section C, line 19

The organization's form 990 is available at www.guidestar.org. Governing documents, conflict of interest policy and financial statements are available upon written request or by contacting lwc management corporation located at 2090 adam clayton jr blvd, suite 203, new york, ny 10027 or by calling (212) 665-5500.

Filing and Contact Details

Filer

Filer Name
358-74 Vernon Avenue
EIN
11-3257656
Phone
2126655500
Address
132 RALPH AVENUE, BROOKLYN, NY 11233

Signing Officer

Name
Elliott Robinson Jr
Title
Chairman
Phone
2126655500
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elliott Robinson Jr
Formed
1995
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Galleros Koh Llp
Address
71 W MAIN STREET SUITE 302, FREEHOLD, NJ 07728
Preparer
Leonora Galleroscpa
Phone
7324622020
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Management has determined that the Organization has no uncertain tax positions that would require financial statement recognition. The Organization is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2011.

Raw XML Appendix353 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0101412
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0118936
IRS990/AccountsReceivableGrp/BOYAmt02126
IRS990/AccountsReceivableGrp/EOYAmt024309
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0358-74 VERNON AVENUE HOUSING DEVELOPMENT FUND CORPORATION (THE ORGANIZATION) PROVIDES SUPPORTIVE HOUSING FOR THE VERY LOW-INCOME PERSONS AGE 62 AND OLDER OR HANDICAPPED PERSONS.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LWC MANAGEMENT CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum02126655500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02090 ADAM CLAYTON POWELL JR BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010027
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0985
IRS990/CashNonInterestBearingGrp/EOYAmt045000
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0294
IRS990/CYOtherExpensesAmt0752065
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0718572
IRS990/CYRevenuesLessExpensesAmt0-166371
IRS990/CYSalariesCompEmpBnftPaidAmt0133172
IRS990/CYTotalExpensesAmt0885237
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0718866
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0762
IRS990/DeferredRevenueGrp/EOYAmt0467
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0196439
IRS990/DepreciationDepletionGrp/TotalAmt0196439
IRS990/Desc0DURING 2015 THE ORGANIZATION CONTINUES TO PROVIDE SUPPORTIVE HOUSING TO ITS ELDERLY AND/OR HANDICAPPED TENANTS IN ITS LUCILLE ROSE MANOR APARTMENTS (THE PROJECT). SINCE THE PROJECT WAS DEVELOPED THROUGH A CAPITAL ADVANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE HOUSING ACT OF 1959, THE ORGANIZATION CONTINUES TO OPERATE, MAINTAIN AND MANAGE THE PROJECT IN ACCORDANCE WITH THE REQUIREMENTS OF HUD, SPECIFICALLY IN TERMS OF ADMITTING ELIGIBLE TENANTS ONLY. THROUGH ITS HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACT WITH HUD, THE ORGANIZATION PROCESSED MONTHLY HOUSING ASSISTANCE FROM HUD FOR EACH OF THE TENANTS AND COLLECT THE TENANTS' PORTION OF THE MONTHLY RENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0795758
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011000
IRS990/FeesForServicesAccountingGrp/TotalAmt011000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt096
IRS990/FeesForServicesLegalGrp/TotalAmt096
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt050210
IRS990/FeesForServicesManagementGrp/TotalAmt050210
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08504
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06457
IRS990/FeesForServicesOtherGrp/TotalAmt014961
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0ELLIOTT ROBINSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm2MELVIN POPE SR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0718866
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt047547
IRS990/InsuranceGrp/TotalAmt047547
IRS990/InvestmentIncomeGrp/ExclusionAmt0294
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0294
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02141203
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03751762
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03555323
IRS990/LandBldgEquipCostOrOtherBssAmt05696526
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO DEVELOP HOUSING FACILITIES AND SERVICES FOR THE ELDERLY AND HANDICPPAED PERSONS OF LOW-INCOME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05429800
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05429800
IRS990/NetAssetsOrFundBalancesBOYAmt0-1482179
IRS990/NetAssetsOrFundBalancesEOYAmt0-1648550
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0129081
IRS990/OccupancyGrp/TotalAmt0129081
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017092
IRS990/OfficeExpensesGrp/TotalAmt017092
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0300940
IRS990/OtherAssetsTotalGrp/EOYAmt0278729
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025410
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025410
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02577
IRS990/OtherExpensesGrp/ProgramServicesAmt0207184
IRS990/OtherExpensesGrp/ProgramServicesAmt175878
IRS990/OtherExpensesGrp/TotalAmt0207184
IRS990/OtherExpensesGrp/TotalAmt175878
IRS990/OtherExpensesGrp/TotalAmt22577
IRS990/OtherLiabilitiesGrp/BOYAmt016482
IRS990/OtherLiabilitiesGrp/EOYAmt016482
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097271
IRS990/OtherSalariesAndWagesGrp/TotalAmt097271
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010491
IRS990/PensionPlanContributionsGrp/TotalAmt010491
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010464
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013774
IRS990/PrincipalOfficerNm0ELLIOTT ROBINSON JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME HSNG RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY&VENDING MACHIN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0711131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0711131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17441
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0409
IRS990/PYOtherExpensesAmt0725736
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0649727
IRS990/PYRevenuesLessExpensesAmt0-186108
IRS990/PYSalariesCompEmpBnftPaidAmt0110508
IRS990/PYTotalExpensesAmt0836244
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0650136
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-166371
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0718572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0515343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0649727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0609227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0611058
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0412255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02797610
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0505
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02005
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0180136
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99930
IRS990ScheduleA/PublicSupportPY170Pct00.99910
IRS990ScheduleA/PublicSupportTotal170Amt02797610
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0515343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0649727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0609227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0611058
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0412255
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02797610
IRS990ScheduleA/TotalSupportAmt02799615
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03452142
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01956661
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05408803
IRS990ScheduleD/EquipmentGrp/BookValueAmt074080
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0184542
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0258622
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt029101
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt029101
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016482
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1262247
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has determined that the Organization has no uncertain tax positions that would require financial statement recognition. The Organization is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03555323
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0278729
IRS990ScheduleD/TotalLiabilityAmt016482
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 IS INITIALLY PROVIDED TO THE MANAGING AGENT FOR REVIEW AND COMMENTS. ONCE REVIEWED AND COMMENTS ADDRESSED,COPY OF THE DRAFT FORM 990 IS PROVIDED TO THE BOARD THROUGH THE BOARD CHAIR FOR REVIEW COMMENTS AND APPROVAL FOR SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1On an annual basis, all Board members, Managing Agent and key employees are required to disclose any conflict or potential conflit of interest. The disclosures are reviewed by the Board Members. Any member (s) with conflict of interest will not be allowed to vote on matters related to the conflict of inteest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS CONTRACTED LWC MANAGEMENT CORPORATION TO MANAGE THE PROJECT. MANAGEMENT FEES ARE DETERMINED AND APPROVED BY THE U.S. HOUSING AND URBAN DEVELOPMENT. COMPENSATION OF PROJECT EMPLOYEES FOR MAINTENANCE AND OTHER ADMINISTRATIVE TASKS ARE INITIALLY DETERMINED BY THE MANAGING AGENT BASED ON EXPERIENCE AND RATES OFFERED BY SIMILAR ENTITIES IN THE AREA, AND THEN PRESENTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CONTACTING LWC MANAGEMENT CORPORATION LOCATED AT 2090 ADAM CLAYTON JR BLVD, SUITE 203, NEW YORK, NY 10027 OR BY CALLING (212) 665-5500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04066277
IRS990/TotalAssetsEOYAmt03917135
IRS990/TotalAssetsGrp/BOYAmt04066277
IRS990/TotalAssetsGrp/EOYAmt03917135
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089479
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0795758
IRS990/TotalFunctionalExpensesGrp/TotalAmt0885237
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05548456
IRS990/TotalLiabilitiesEOYAmt05565685
IRS990/TotalLiabilitiesGrp/BOYAmt05548456
IRS990/TotalLiabilitiesGrp/EOYAmt05565685
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1482179
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1648550
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0795758
IRS990/TotalProgramServiceRevenueAmt0718572
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0294
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0718572
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0718866
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04066277
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03917135
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1482179
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1648550
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0132 RALPH AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011233
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELLIOTT ROBINSON JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02126655500
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0358-74 VERNON AVENUE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HOUSING DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0358-
ReturnHeader/Filer/EIN0113257656
ReturnHeader/Filer/PhoneNum02126655500
ReturnHeader/Filer/USAddress/AddressLine1Txt0132 RALPH AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011233
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273263553
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GALLEROS KOH LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt071 W MAIN STREET SUITE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FREEHOLD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007728
ReturnHeader/PreparerPersonGrp/PhoneNum07324622020
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONORA GALLEROSCPA
ReturnHeader/ReturnTs02016-11-15T00:00:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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.$2.60$6.32$3.72$0.77$1.02$0.25
2023Detailed filing. Detailed filing data is available for this year.$2.64$6.10$3.47$0.66$0.94$0.28
2022Detailed filing. Detailed filing data is available for this year.$2.78$5.96$3.19$0.66$0.87$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.90$5.88$2.98$0.68$0.90$0.21
2020Detailed filing. Detailed filing data is available for this year.$3.01$5.77$2.76$0.68$0.90$0.21
2019Detailed filing. Detailed filing data is available for this year.$3.14$5.69$2.55$0.73$1.04$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.31$5.55$2.23$0.76$0.99$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.55$5.56$2.01$0.74$0.93$0.18
2016Detailed filing. Detailed filing data is available for this year.$3.74$5.56$1.82$0.75$0.92$0.17
2015Detailed filing. Detailed filing data is available for this year.$3.92$5.57$1.65$0.72$0.89$0.17
2014Detailed filing. Detailed filing data is available for this year.$4.07$5.55$1.48$0.65$0.84$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.24$5.54$1.30$0.61$0.83$0.22
2012Summary only. Only limited summary data is available for this year.$4.44$5.52$1.08$0.61$0.72$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$5.52$0.97$0.63
2010Summary only. Only limited summary data is available for this year.$4.63$5.56$0.93$0.52$0.56$0.04