Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
990 • Fiscal year 2015 • EIN 11-3257656
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
51st percentile
Higher net margin than 51% of similar nonprofits.
Top Officer Pay
50th percentile
Higher top officer pay than 50% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
34th percentile
Faster asset growth than 34% of similar nonprofits.
Revenue Growth
76th percentile
Faster revenue growth than 76% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 | - | - |
| Name | Title |
|---|---|
| Elliott Robinson Jr | Chairman |
| Melvin Pope Sr | Member |
| James Henry | Secretary/treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Tenants Security Deposits | $16,482 |
“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.”
“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.”
“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.”
“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.”
“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.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 101412 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 118936 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2126 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 24309 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 0 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | LWC MANAGEMENT CORPORATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2126655500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2090 ADAM CLAYTON POWELL JR BLVD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10027 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 985 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 45000 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 294 |
| IRS990/CYOtherExpensesAmt | 0 | 752065 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 718572 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -166371 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 133172 |
| IRS990/CYTotalExpensesAmt | 0 | 885237 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 718866 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 762 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 467 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 196439 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 196439 |
| IRS990/Desc | 0 | DURING 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/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 795758 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 11000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 11000 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 96 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 96 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 50210 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 50210 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 8504 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 6457 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 14961 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ELLIOTT ROBINSON JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JAMES HENRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MELVIN POPE SR |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1995 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 718866 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 47547 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 47547 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 294 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 294 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 26 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2141203 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3751762 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3555323 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 5696526 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE ORGANIZATION'S MISSION IS TO DEVELOP HOUSING FACILITIES AND SERVICES FOR THE ELDERLY AND HANDICPPAED PERSONS OF LOW-INCOME. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 5429800 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 5429800 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -1482179 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1648550 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 129081 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 129081 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 17092 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 17092 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 300940 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 278729 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 25410 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 25410 |
| IRS990/OtherExpensesGrp/Desc | 0 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 1 | REAL ESTATE TAXES |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2577 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 207184 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 75878 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 207184 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 75878 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2577 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 16482 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 16482 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 97271 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 97271 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 10491 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 10491 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 10464 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 13774 |
| IRS990/PrincipalOfficerNm | 0 | ELLIOTT ROBINSON JR |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOW-INCOME HSNG RENTAL |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LAUNDRY&VENDING MACHIN |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 711131 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 7441 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 711131 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 7441 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 409 |
| IRS990/PYOtherExpensesAmt | 0 | 725736 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 649727 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -186108 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 110508 |
| IRS990/PYTotalExpensesAmt | 0 | 836244 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 650136 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -166371 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 718572 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 515343 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 649727 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 609227 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 611058 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 412255 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2797610 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 409 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 523 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 568 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 505 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 2005 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 180136 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99930 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99910 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2797610 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 515343 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 649727 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 609227 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 611058 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 412255 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2797610 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2799615 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3452142 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1956661 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5408803 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 74080 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 184542 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 258622 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 29101 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 29101 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 16482 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 262247 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | TENANTS SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | REPLACEMENT RESERVE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 16482 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANTS SECURITY DEPOSITS |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3555323 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 278729 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 16482 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, line 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 4066277 |
| IRS990/TotalAssetsEOYAmt | 0 | 3917135 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4066277 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3917135 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 89479 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 795758 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 885237 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 5548456 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 5565685 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 5548456 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 5565685 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -1482179 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -1648550 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 795758 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 718572 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 294 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 718572 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 718866 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4066277 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3917135 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | -1482179 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | -1648550 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 132 RALPH AVENUE |
| IRS990/USAddress/CityNm | 0 | BROOKLYN |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 11233 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 3 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ELLIOTT ROBINSON JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2126655500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | 358-74 VERNON AVENUE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | HOUSING DEVELOPMENT CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 358- |
| ReturnHeader/Filer/EIN | 0 | 113257656 |
| ReturnHeader/Filer/PhoneNum | 0 | 2126655500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 132 RALPH AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BROOKLYN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11233 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273263553 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GALLEROS KOH LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 71 W MAIN STREET SUITE 302 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FREEHOLD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 07728 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7324622020 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-11-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LEONORA GALLEROSCPA |
| ReturnHeader/ReturnTs | 0 | 2016-11-15T00:00:00-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.