Civic Intelligence

St Paul the Apostle Senior Hdfc

EIN 11-3519422 • 501(c)3 • Brooklyn, NY

Profile

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

191 Joralemon StreetBrooklyn, NY 11201

www.ccbq.org

Siviq Scores

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

Liabilities / Assets

98th percentile

1.76x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

8.21x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

89th percentile

$325,584

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

25th percentile

-2.9%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

-0.6%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$5,921,346

Down $128,562 (-2.1%) from 2023

Liabilities

Up

$10,111,597

Up $7,534 (+0.1%) from 2023

Net Assets

Down

-$4,190,251

Down $136,096 (-3.4%) from 2023

Revenue

Up

$1,239,614

Up $85,659 (+7.4%) from 2023

Expenses

Up

$1,375,710

Up $14,082 (+1.0%) from 2023

Net Income

Up

-$136,096

Up $71,577 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $8,628,797Liabilities 2011: $10,193,124Net Assets 2011: -$1,564,3272011Assets 2012: $8,359,244Liabilities 2012: $10,137,443Net Assets 2012: -$1,778,1992012Assets 2013: $8,096,391Liabilities 2013: $10,101,696Net Assets 2013: -$2,005,3052013Assets 2014: $7,893,295Liabilities 2014: $10,129,230Net Assets 2014: -$2,235,9352014Assets 2015: $7,620,930Liabilities 2015: $10,161,690Net Assets 2015: -$2,540,7602015Assets 2016: $7,373,152Liabilities 2016: $10,040,143Net Assets 2016: -$2,666,9912016Assets 2017: $7,216,634Liabilities 2017: $10,114,337Net Assets 2017: -$2,897,7032017Assets 2018: $7,064,336Liabilities 2018: $10,090,664Net Assets 2018: -$3,026,3282018Assets 2019: $6,901,188Liabilities 2019: $10,102,677Net Assets 2019: -$3,201,4892019Assets 2020: $6,646,577Liabilities 2020: $10,084,939Net Assets 2020: -$3,438,3622020Assets 2021: $6,430,457Liabilities 2021: $10,089,995Net Assets 2021: -$3,659,5382021Assets 2022: $6,218,777Liabilities 2022: $10,065,259Net Assets 2022: -$3,846,4822022Assets 2023: $6,049,908Liabilities 2023: $10,104,063Net Assets 2023: -$4,054,1552023Assets 2024: $5,921,346Liabilities 2024: $10,111,597Net Assets 2024: -$4,190,2512024

Highlighted filing

2024

Assets$5,921,346
Liabilities$10,111,597
Net Assets-$4,190,251

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $623,439Expenses 2011: $864,912Net Income 2011: -$241,4732011Revenue 2012: $625,621Expenses 2012: $839,493Net Income 2012: -$213,8722012Revenue 2013: $622,592Expenses 2013: $849,698Net Income 2013: -$227,1062013Revenue 2014: $621,136Expenses 2014: $851,766Net Income 2014: -$230,6302014Revenue 2015: $622,118Expenses 2015: $926,943Net Income 2015: -$304,8252015Revenue 2016: $769,846Expenses 2016: $896,077Net Income 2016: -$126,2312016Revenue 2017: $878,096Expenses 2017: $1,108,808Net Income 2017: -$230,7122017Revenue 2018: $962,268Expenses 2018: $1,090,893Net Income 2018: -$128,6252018Revenue 2019: $956,830Expenses 2019: $1,131,991Net Income 2019: -$175,1612019Revenue 2020: $960,018Expenses 2020: $1,196,891Net Income 2020: -$236,8732020Revenue 2021: $977,461Expenses 2021: $1,198,637Net Income 2021: -$221,1762021Revenue 2022: $1,001,626Expenses 2022: $1,188,570Net Income 2022: -$186,9442022Revenue 2023: $1,153,955Expenses 2023: $1,361,628Net Income 2023: -$207,6732023Revenue 2024: $1,239,614Expenses 2024: $1,375,710Net Income 2024: -$136,0962024

Highlighted filing

2024

Revenue$1,239,614
Expenses$1,375,710
Net Income-$136,096

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.92$10.1$4.19$1.24$1.38$0.14
2023Detailed filing. Detailed filing data is available for this year.$6.05$10.1$4.05$1.15$1.36$0.21
2022Detailed filing. Detailed filing data is available for this year.$6.22$10.1$3.85$1.00$1.19$0.19
2021Detailed filing. Detailed filing data is available for this year.$6.43$10.1$3.66$0.98$1.20$0.22
2020Detailed filing. Detailed filing data is available for this year.$6.65$10.1$3.44$0.96$1.20$0.24
2019Detailed filing. Detailed filing data is available for this year.$6.90$10.1$3.20$0.96$1.13$0.18
2018Detailed filing. Detailed filing data is available for this year.$7.06$10.1$3.03$0.96$1.09$0.13
2017Detailed filing. Detailed filing data is available for this year.$7.22$10.1$2.90$0.88$1.11$0.23
2016Detailed filing. Detailed filing data is available for this year.$7.37$10.0$2.67$0.77$0.90$0.13
2015Summary only. Only limited summary data is available for this year.$7.62$10.2$2.54$0.62$0.93$0.30
2014Summary only. Only limited summary data is available for this year.$7.89$10.1$2.24$0.62$0.85$0.23
2013Summary only. Only limited summary data is available for this year.$8.10$10.1$2.01$0.62$0.85$0.23
2012Summary only. Only limited summary data is available for this year.$8.36$10.1$1.78$0.63$0.84$0.21
2011Summary only. Only limited summary data is available for this year.$8.63$10.2$1.56$0.62$0.86$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 9, 2025
Return Version
2023v6.0
Gross Receipts
$1,239,614
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,165,760$4,927,145▼ $238,615
Savings and Temporary Cash Investments$717,102$772,275▲ $55,173
Prepaid Expenses and Deferred Charges$121,380$126,602▲ $5,222
Accounts Receivable$883$65,444▲ $64,561
Cash and Non-Interest-Bearing Accounts$21,708$6,585▼ $15,123
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,049,908$5,921,346▼ $128,562
Other Assets Total$23,075$23,295▲ $220
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,955,500$9,955,500→ $0
Accounts Payable and Accrued Expenses$85,886$103,884▲ $17,998
Other Liabilities$56,384$47,161▼ $9,223
Deferred Revenue$6,293$5,052▼ $1,241
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,104,063$10,111,597▲ $7,534
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-4,054,155$-4,190,251▼ $136,096
Total Net Assets Fund Balance$-4,054,155$-4,190,251▼ $136,096
Total Liabilities and Net Assets / Fund Balance$6,049,908$5,921,346▼ $128,562

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,359,148$5,305,887$9,665,035
Land$550,000-$550,000
Equipment$4,333$52,679$57,012
Other Land Buildings$13,664$19,340$33,004
Compensation and Service Providers

Employees

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

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,196,734
Investment Income
$36,422
Other Revenue
$6,458
Change in Net Assets
$-136,096

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,239,614
Total Revenue per Audited Statements
$1,239,614
Total Revenue per Form 990
$1,239,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,375,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$584,438--$584,438
Depreciation Depletion$258,940--$258,940
Insurance$139,005--$139,005
Fees for Services Management$89,249--$89,249
Fees for Services Accounting-$15,200-$15,200
Office Expenses$3,441$10,871-$14,312
Other Expenses$2,284$221-$2,505
Fees for Services Legal-$2,275-$2,275
Total Functional Expenses$1,267,592$108,118$0$1,375,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,375,710
Total Expenses per Audited Statements$1,375,710
Total Expenses per Form 990$1,375,710
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due to Cc Pop Development Corp$25,091
Tenant Security Deposits$22,052
Due to Pop Management Corp.$18
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

Catholic charities progress of people's development corp is the sole member of st. Paul the apostle senior hdfc.

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

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

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

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

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

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

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

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

FORM 990 PART VI, SECTION B, LINE 15:

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

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

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

Filing and Contact Details

Filer

Filer Name
St Paul The Apostle Senior Hdfc
EIN
11-3519422
In Care Of
% JOANNA ROSELLI
Phone
7187226150
Address
191 Joralemon Street, Brooklyn, NY 11201

Signing Officer

Name
Jeanne M Diulio
Title
President
Phone
7187226150
Signed
2025-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne M Diulio
Formed
2000
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

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

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