Civic Intelligence

Cypress Homes Housing Development Fund Corporation

990 • Fiscal year 2015 • EIN 11-3440887

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 17, 2016

Organization ProfileN/A
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

58th percentile

1.03x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

98th percentile

100%

Higher net margin than 98% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Asset Growth

61st percentile

-2.1%

Faster asset growth than 61% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,762,559

Down $38,213 (-2.1%) from 2014

Net Assets

Down

-$55,186

Down $9,735 (-21%) from 2014

Liabilities

Down

$1,817,745

Down $28,478 (-1.5%) from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin98th percentile

Revenue

Up

-$9,735

Up $3,330 (+25%) from 2014

Expenses

Flat

$0

Flat from 2014

Net Income

Up

-$9,735

Up $3,330 (+25%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,351,088Liabilities 2011: $2,297,898Net Assets 2011: $53,1902011Assets 2012: $2,887,507Liabilities 2012: $2,972,355Net Assets 2012: -$84,8482012Assets 2013: $2,076,816Liabilities 2013: $2,109,202Net Assets 2013: -$32,3862013Assets 2014: $1,800,772Liabilities 2014: $1,846,223Net Assets 2014: -$45,4512014Assets 2015: $1,762,559Liabilities 2015: $1,817,745Net Assets 2015: -$55,1862015Assets 2016: $1,754,127Liabilities 2016: $1,813,933Net Assets 2016: -$59,8062016Assets 2017: $1,719,679Liabilities 2017: $1,795,062Net Assets 2017: -$75,3832017Assets 2018: $1,716,592Liabilities 2018: $1,858,313Net Assets 2018: -$141,7212018Assets 2019: $1,656,919Liabilities 2019: $1,837,015Net Assets 2019: -$180,0962019Assets 2020: $848,404Liabilities 2020: $1,093,587Net Assets 2020: -$245,1832020Assets 2021: $852,311Liabilities 2021: $1,180,221Net Assets 2021: -$327,9102021Assets 2022: $815,042Liabilities 2022: $1,220,188Net Assets 2022: -$405,1462022Assets 2023: $804,013Liabilities 2023: $1,242,114Net Assets 2023: -$438,1012023Assets 2024: $779,859Liabilities 2024: $1,255,953Net Assets 2024: -$476,0942024

Highlighted filing

2015

Assets$1,762,559
Liabilities$1,817,745
Net Assets-$55,186
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KExpenses 2011: $02011Expenses 2012: $02012Revenue 2013: $52,462Expenses 2013: $0Net Income 2013: $52,4622013Revenue 2014: -$13,065Expenses 2014: $0Net Income 2014: -$13,0652014Revenue 2015: -$9,735Expenses 2015: $0Net Income 2015: -$9,7352015Revenue 2016: -$4,620Expenses 2016: $0Net Income 2016: -$4,6202016Revenue 2017: -$15,577Expenses 2017: $0Net Income 2017: -$15,5772017Revenue 2018: -$66,338Expenses 2018: $0Net Income 2018: -$66,3382018Revenue 2019: $112,520Expenses 2019: $150,896Net Income 2019: -$38,3762019Revenue 2020: $101,261Expenses 2020: $167,874Net Income 2020: -$66,6132020Revenue 2021: $102,688Expenses 2021: $185,415Net Income 2021: -$82,7272021Revenue 2022: $95,803Expenses 2022: $173,039Net Income 2022: -$77,2362022Revenue 2023: $115,715Expenses 2023: $148,670Net Income 2023: -$32,9552023Revenue 2024: $120,019Expenses 2024: $158,012Net Income 2024: -$37,9932024

Highlighted filing

2015

Revenue-$9,735
Expenses$0
Net Income-$9,735
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 17, 2016
Return Version
2015v2.1
Gross Receipts
$104,456
Mission and Program Overview

Mission

To acquire and develop on a non profit basis residential properties for sale to persons of low income.

Development of affordable housing for persons of low income in the neighborhood of Brooklyn, New York.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$977,441$950,455▼ $26,986
Accounts Receivable$4,847$8,441▲ $3,594
Cash and Non-Interest-Bearing Accounts$16,590$8,129▼ $8,461
Prepaid Expenses and Deferred Charges$4,725$3,550▼ $1,175
Total Assets$1,800,772$1,762,559▼ $38,213
Other Assets Total$797,169$791,984▼ $5,185
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,470,985$1,451,943▼ $19,042
Other Liabilities$356,602$351,545▼ $5,057
Accounts Payable and Accrued Expenses$18,636$14,257▼ $4,379
Total Liabilities$1,846,223$1,817,745▼ $28,478
Net Assets / Fund Balance
Unrestricted Net Assets$-45,451$-55,186▼ $9,735
Total Net Assets Fund Balance$-45,451$-55,186▼ $9,735
Total Liabilities and Net Assets / Fund Balance$1,800,772$1,762,559▼ $38,213

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$950,455$128,991$1,079,446
Other Assets Org$633--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
-President
-Vice President
-CEO
-Member
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-9,735
Change in Net Assets
$-9,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$-9,735
Total Revenue per Audited Statements
$-9,735
Total Revenue per Form 990
$-9,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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$350,409
Due to Affilaties$1,136
Tenant Security Payable-
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 audit committee for review. The audit committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the board for review and approval. Upon approval from the board the 990 will be filed.”

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

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

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Cypress Homes Hdfc
EIN
11-3440887
Phone
7186472800
Address
625 JAMAICA AVENUE, BROOKLYN, NY 11208

Signing Officer

Name
Michelle Neugebauer
Title
CEO
Signed
2016-06-17
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Tyrone Anthony Sellers CPA
Address
11503 Farmers Blvd, St 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 audit committee for review. The audit 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.”

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt036125
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt046787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt055924
IRS990ScheduleA/Total509Grp/TotalAmt0339905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0104456
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt096613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt036125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt046787
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt055924
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0339905
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0950455
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0128991
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01079446
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0220
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1789995
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21136
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3633
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NOMINEE PROPERTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4MORTGAGE ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0350409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILATIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0-9735
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0950455
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0791984
IRS990ScheduleD/TotalLiabilityAmt0351545
IRS990ScheduleD/TotalRevenuePerForm990Amt0-9735
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-9735
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the audit committee for review. The audit committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the board for review and approval. Upon approval from the board the 990 will be filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members, Officers and Employees report annually if a conflict appears to exist, management and the board will meet with the individual to obtain all facts. Subsequently, a vote will ensure if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews the audit to ensure it is accurate and complete. A copy of the draft audit is provided to the audit committee for review. The audit 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/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CYPRESS HILL LOCAL DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112683663
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0housing develop
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0625 JAMAICA AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt021335
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Cypress Hills Local Development Corp
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0j
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01800772
IRS990/TotalAssetsEOYAmt01762559
IRS990/TotalAssetsGrp/BOYAmt01800772
IRS990/TotalAssetsGrp/EOYAmt01762559
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01846223
IRS990/TotalLiabilitiesEOYAmt01817745
IRS990/TotalLiabilitiesGrp/BOYAmt01846223
IRS990/TotalLiabilitiesGrp/EOYAmt01817745
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-45451
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-55186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-9735
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01800772
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01762559
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-45451
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-55186
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0625 Jamaica Avenue
IRS990/USAddress/CityNm0Brooklyn
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011208
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michelle Neugebauer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CYPRESS HOMES HDFC
ReturnHeader/Filer/BusinessNameControlTxt0CYPR
ReturnHeader/Filer/EIN0113440887
ReturnHeader/Filer/PhoneNum07186472800
ReturnHeader/Filer/USAddress/AddressLine1Txt0625 JAMAICA AVENUE

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,762,559
Liabilities
$1,817,745
Net assets
-$55,186
Revenue
-$9,735
Expenses
$0
Net income
-$9,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$1.26$0.48$0.12$0.16$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.80$1.24$0.44$0.12$0.15$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.82$1.22$0.41$0.10$0.17$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.85$1.18$0.33$0.10$0.19$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.85$1.09$0.25$0.10$0.17$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.66$1.84$0.18$0.11$0.15$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.72$1.86$0.14$0.07$0.00$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.72$1.80$0.08$0.02$0.00$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.75$1.81$0.06$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.76$1.82$0.06$0.01$0.00$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.80$1.85$0.05$0.01$0.00$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.08$2.11$0.03$0.05$0.00$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$2.97$0.08$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$2.30$0.05$0.00