Civic Intelligence

Cypress West Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 11-3294777

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

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

81st percentile

1.32x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

7.44x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Net Margin

43rd percentile

-22%

Higher net margin than 43% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Asset Growth

31st percentile

-3.6%

Faster asset growth than 31% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

0.7%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,113,061

Down $78,169 (-3.6%) from 2017

Net Assets

Down

-$669,076

Down $81,975 (-14%) from 2017

Liabilities

Up

$2,782,137

Up $3,806 (+0.1%) from 2017

Revenue

Up

$373,936

Up $2,592 (+0.7%) from 2017

Expenses

Up

$455,911

Up $69,194 (+18%) from 2017

Net Income

Down

-$81,975

Down $66,602 (-433%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,405,502Liabilities 2011: $2,616,631Net Assets 2011: -$211,1292011Assets 2012: $2,380,934Liabilities 2012: $2,639,121Net Assets 2012: -$258,1872012Assets 2013: $2,272,469Liabilities 2013: $2,667,287Net Assets 2013: -$394,8182013Assets 2014: $2,324,145Liabilities 2014: $2,829,385Net Assets 2014: -$505,2402014Assets 2015: $2,264,923Liabilities 2015: $2,815,048Net Assets 2015: -$550,1252015Assets 2016: $2,218,696Liabilities 2016: $2,790,424Net Assets 2016: -$571,7282016Assets 2017: $2,191,230Liabilities 2017: $2,778,331Net Assets 2017: -$587,1012017Assets 2018: $2,113,061Liabilities 2018: $2,782,137Net Assets 2018: -$669,0762018Assets 2019: $2,078,166Liabilities 2019: $2,813,137Net Assets 2019: -$734,9712019Assets 2020: $1,987,297Liabilities 2020: $2,794,168Net Assets 2020: -$806,8712020Assets 2021: $1,822,949Liabilities 2021: $2,767,571Net Assets 2021: -$944,6222021Assets 2022: $1,734,313Liabilities 2022: $2,819,430Net Assets 2022: -$1,085,1172022Assets 2023: $1,680,460Liabilities 2023: $2,852,199Net Assets 2023: -$1,171,7392023Assets 2024: $1,605,132Liabilities 2024: $2,912,814Net Assets 2024: -$1,307,6822024

Highlighted filing

2018

Assets$2,113,061
Liabilities$2,782,137
Net Assets-$669,076

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $357,3332011Expenses 2012: $372,9662012Revenue 2013: $323,922Expenses 2013: $460,553Net Income 2013: -$136,6312013Revenue 2014: $357,627Expenses 2014: $468,049Net Income 2014: -$110,4222014Revenue 2015: $365,872Expenses 2015: $410,757Net Income 2015: -$44,8852015Revenue 2016: $373,491Expenses 2016: $395,094Net Income 2016: -$21,6032016Revenue 2017: $371,344Expenses 2017: $386,717Net Income 2017: -$15,3732017Revenue 2018: $373,936Expenses 2018: $455,911Net Income 2018: -$81,9752018Revenue 2019: $396,180Expenses 2019: $462,025Net Income 2019: -$65,8452019Revenue 2020: $368,130Expenses 2020: $440,030Net Income 2020: -$71,9002020Revenue 2021: $375,623Expenses 2021: $513,374Net Income 2021: -$137,7512021Revenue 2022: $370,649Expenses 2022: $511,144Net Income 2022: -$140,4952022Revenue 2023: $410,888Expenses 2023: $497,510Net Income 2023: -$86,6222023Revenue 2024: $426,455Expenses 2024: $562,398Net Income 2024: -$135,9432024

Highlighted filing

2018

Revenue$373,936
Expenses$455,911
Net Income-$81,975
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$373,936
Mission and Program Overview

Mission

To provide and maintain affordable housing for persons and families of low income in brooklyn, new yok.

To provide and maintain affortable housing for persons and families of low income in Brooklyn, New York.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,731,631$1,637,542▼ $94,089
Savings and Temporary Cash Investments$251,135$256,959▲ $5,824
Cash and Non-Interest-Bearing Accounts$144,190$159,085▲ $14,895
Accounts Receivable$47,767$30,863▼ $16,904
Prepaid Expenses and Deferred Charges-$8,476-
Total Assets$2,191,230$2,113,061▼ $78,169
Other Assets Total$16,507$20,136▲ $3,629
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,718,962$2,712,151▼ $6,811
Accounts Payable and Accrued Expenses$41,595$51,990▲ $10,395
Other Liabilities$17,774$17,996▲ $222
Total Liabilities$2,778,331$2,782,137▲ $3,806
Net Assets / Fund Balance
Unrestricted Net Assets$-587,101$-669,076▼ $81,975
Total Net Assets Fund Balance$-587,101$-669,076▼ $81,975
Total Liabilities and Net Assets / Fund Balance$2,191,230$2,113,061▼ $78,169

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,620,487$852,598$2,473,085
Equipment$15,255$22,058$37,313
Land$1,800-$1,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sylvia StovallPresident
Mirian RodriguezVice President
Michelle NeuguebauerExecutive Director
Ivelisse GonzalezMember
Mark MigliacciMember
Melodye HarveyMember
RD GentzlerMember
Harold GreenSecretary
Marisol RodriquezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$368,642
Investment Income
$4,064
Other Revenue
$1,230
Change in Net Assets
$-81,975

Audited Revenue Reconciliation

Revenue per Audited Statements
$373,936
Total Revenue per Audited Statements
$373,936
Total Revenue per Form 990
$373,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,911
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$94,089--$94,089
Fees for Services Management$49,578--$49,578
Insurance$27,691--$27,691
All Other Expenses$14,507--$14,507
Fees for Services Legal$8,554--$8,554
Fees for Services Accounting$5,950--$5,950
Office Expenses$4,774--$4,774
Other Expenses$3,877--$3,877
Interest$3,389--$3,389
Total Functional Expenses$455,911$0$0$455,911

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$455,911
Total Expenses per Audited Statements$455,911
Total Expenses per Form 990$455,911
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$17,896
Tenant security deposits payable$100
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 11B

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 finance committee for review. The finance 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 of directors for review and approval. Upon approval from the board of directors 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

Filer Name
Cypress West Housing Development Fund Company
EIN
11-3294777
Phone
7186472800
Address
625 JAMAICA AVENUE, BROOKLYN, NY 11208

Signing Officer

Name
Michelle Neuguebauer
Title
Executive Director
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Tyrone A Sellers CPA
Address
11503 Farmers Blvd, Saint Albans, NY 11412
Preparer
Tyrone Sellers
Phone
7183418770
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Management reviews the audit to ensure it is accurate and complete. A copy of the draft audit is provided to the finance committee for review. The finance committee will meet with management to discuss the draft audit and resolve any questions that may arise. The draft audit will then be distributed to the board for review and approval. Upon approval from the board the draft audit will then be finalized.

Raw XML AppendixShowing 400 of 511 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt041595
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt051990
IRS990/AccountsReceivableGrp/BOYAmt047767
IRS990/AccountsReceivableGrp/EOYAmt030863
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide and maintain affortable housing for persons and families of low income in Brooklyn, New York.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt014507
IRS990/AllOtherExpensesGrp/TotalAmt014507
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CYPRESS HILLS LDC
IRS990/BooksInCareOfDetail/PhoneNum07186482800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0625 JAMAICA AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011208
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0144190
IRS990/CashNonInterestBearingGrp/EOYAmt0159085
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04064
IRS990/CYOtherExpensesAmt0455911
IRS990/CYOtherRevenueAmt01230
IRS990/CYProgramServiceRevenueAmt0368642
IRS990/CYRevenuesLessExpensesAmt0-81975
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0455911
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0373936
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt094089
IRS990/DepreciationDepletionGrp/TotalAmt094089
IRS990/Desc0Affordable Housing Program that provides 39 residential units for rent to persons and families of low income in Brooklyn, New York.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0455911
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05950
IRS990/FeesForServicesAccountingGrp/TotalAmt05950
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt08554
IRS990/FeesForServicesLegalGrp/TotalAmt08554
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt049578
IRS990/FeesForServicesManagementGrp/TotalAmt049578
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt3000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt4000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt5000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt6000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt7000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt8002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8002.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Sylvia Stovall
IRS990/Form990PartVIISectionAGrp/PersonNm1Mirian Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm2Marisol Rodriquez
IRS990/Form990PartVIISectionAGrp/PersonNm3Harold Green
IRS990/Form990PartVIISectionAGrp/PersonNm4Melodye Harvey
IRS990/Form990PartVIISectionAGrp/PersonNm5Mark Migliacci
IRS990/Form990PartVIISectionAGrp/PersonNm6RD Gentzler
IRS990/Form990PartVIISectionAGrp/PersonNm7Ivelisse Gonzalez
IRS990/Form990PartVIISectionAGrp/PersonNm8Michelle Neuguebauer
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Executive Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0373936
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt027691
IRS990/InsuranceGrp/TotalAmt027691
IRS990/InterestGrp/ProgramServicesAmt03389
IRS990/InterestGrp/TotalAmt03389
IRS990/InvestmentIncomeGrp/ExclusionAmt04064
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04064
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0874656
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01731631
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01637542
IRS990/LandBldgEquipCostOrOtherBssAmt02512198
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide and maintain affortable housing for persons and families of low income in Brooklyn, New York.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02718962
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02712151
IRS990/NetAssetsOrFundBalancesBOYAmt0-587101
IRS990/NetAssetsOrFundBalancesEOYAmt0-669076
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt04774
IRS990/OfficeExpensesGrp/TotalAmt04774
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016507
IRS990/OtherAssetsTotalGrp/EOYAmt020136
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repair and maintenance expenses
IRS990/OtherExpensesGrp/Desc1Utility expenses
IRS990/OtherExpensesGrp/Desc2Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc3Licenses, permits and other
IRS990/OtherExpensesGrp/ProgramServicesAmt0127507
IRS990/OtherExpensesGrp/ProgramServicesAmt1115180
IRS990/OtherExpensesGrp/ProgramServicesAmt2815
IRS990/OtherExpensesGrp/ProgramServicesAmt33877
IRS990/OtherExpensesGrp/TotalAmt0127507
IRS990/OtherExpensesGrp/TotalAmt1115180
IRS990/OtherExpensesGrp/TotalAmt2815
IRS990/OtherExpensesGrp/TotalAmt33877
IRS990/OtherLiabilitiesGrp/BOYAmt017774
IRS990/OtherLiabilitiesGrp/EOYAmt017996
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01230
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01230
IRS990/OtherRevenueTotalAmt01230
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08476
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Michelle Neugebauer CEO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Tenant rent income
IRS990/ProgramServiceRevenueGrp/Desc1Other tenant charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0368362
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0368362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1280
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03565
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0386717
IRS990/PYOtherRevenueAmt0365
IRS990/PYProgramServiceRevenueAmt0367414
IRS990/PYRevenuesLessExpensesAmt0-15373
IRS990/PYTotalExpensesAmt0386717
IRS990/PYTotalRevenueAmt0371344
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-81975
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0373936
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0251135
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0256959
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04064
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03565
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02175
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02788
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03268
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0368362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0367414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0367344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0362954
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0335623
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01801697
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02788
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03268
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015860
IRS990ScheduleA/InvestmentIncomeCYPct00.00860
IRS990ScheduleA/InvestmentIncomePYPct00.00790
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01510
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0365
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03972
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt018736
IRS990ScheduleA/OtherIncome509Grp/TotalAmt024713
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.97800
IRS990ScheduleA/PublicSupportPY509Pct00.97900
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01801697
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0368362
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0367414
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0367344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0362954
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0335623
IRS990ScheduleA/Total509Grp/TotalAmt01801697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0373936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0371344
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0373491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0365872
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0357627
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01842270
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01620487
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0852598
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02473085
IRS990ScheduleD/EquipmentGrp/BookValueAmt015255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022058
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037313
IRS990ScheduleD/ExpensesSubtotalAmt0455911
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to affiliate
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0373936
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01637542
IRS990ScheduleD/TotalExpensesPerForm990Amt0455911
IRS990ScheduleD/TotalLiabilityAmt017996
IRS990ScheduleD/TotalRevenuePerForm990Amt0373936
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0373936
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0455911
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 finance committee for review. The finance 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 of directors for review and approval. Upon approval from the board of directors 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/ExplanationTxt3Management reviews the audit to ensure it is accurate and complete. A copy of the draft audit is provided to the finance committee for review. The finance committee will meet with management to discuss the draft audit and resolve any questions that may arise. The draft audit will then be distributed to the board for review and approval. Upon approval from the board the draft audit will then be finalized.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CYPRESS HILLS LOCAL DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Arlington Apartments HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Cypress Homes HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112683662
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1113166122
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2113440887
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0625 JAMAICA AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1625 Jamaica Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2625 Jamaica Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Brooklny

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.61$2.91$1.31$0.43$0.56$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.68$2.85$1.17$0.41$0.50$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.73$2.82$1.09$0.37$0.51$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.82$2.77$0.94$0.38$0.51$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$2.79$0.81$0.37$0.44$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.08$2.81$0.73$0.40$0.46$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.11$2.78$0.67$0.37$0.46$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$2.78$0.59$0.37$0.39$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.22$2.79$0.57$0.37$0.40$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$2.82$0.55$0.37$0.41$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.32$2.83$0.51$0.36$0.47$0.11
2013Detailed filing. Detailed filing data is available for this year.$2.27$2.67$0.39$0.32$0.46$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$2.64$0.26$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$2.62$0.21$0.36
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits