Civic Intelligence

144 Grove Street Housing Development Fund Corporation

990 • Fiscal year 2023 • EIN 11-3580995

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

221-10 Jamaica AvenueQueens Village, NY 11428

(718) 740-0416

Siviq Scores

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

Liabilities / Assets

49th percentile

0.05x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.57x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Source year 2023

Net Margin

98th percentile

100%

Higher net margin than 98% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Asset Growth

78th percentile

10%

Faster asset growth than 78% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Assets

Up

$261,677

Up $24,395 (+10%) from 2022

Net Assets

Up

$247,318

Up $25,335 (+11%) from 2022

Liabilities

Down

$14,359

Down $940 (-6.1%) from 2022

Revenue

Up

$25,335

Up $31,031 (+545%) from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Up

$25,335

Up $31,031 (+545%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $59,358Liabilities 2010: $37,742Net Assets 2010: $21,6162010Assets 2011: $79,146Liabilities 2011: $39,850Net Assets 2011: $39,2962011Assets 2012: $75,654Liabilities 2012: $27,455Net Assets 2012: $48,1992012Assets 2013: $81,561Liabilities 2013: $26,720Net Assets 2013: $54,8412013Assets 2014: $80,157Liabilities 2014: $21,495Net Assets 2014: $58,6622014Assets 2015: $97,824Liabilities 2015: $25,674Net Assets 2015: $72,1502015Assets 2016: $120,718Liabilities 2016: $21,090Net Assets 2016: $99,6282016Assets 2017: $145,016Liabilities 2017: $20,957Net Assets 2017: $124,0592017Assets 2018: $172,330Liabilities 2018: $14,328Net Assets 2018: $158,0022018Assets 2019: $205,778Liabilities 2019: $21,989Net Assets 2019: $183,7892019Assets 2020: $221,764Liabilities 2020: $16,547Net Assets 2020: $205,2172020Assets 2021: $247,790Liabilities 2021: $20,111Net Assets 2021: $227,6792021Assets 2022: $237,282Liabilities 2022: $15,299Net Assets 2022: $221,9832022Assets 2023: $261,677Liabilities 2023: $14,359Net Assets 2023: $247,3182023Assets 2024: $289,578Liabilities 2024: $16,474Net Assets 2024: $273,1042024

Highlighted filing

2023

Assets$261,677
Liabilities$14,359
Net Assets$247,318

Operations Trend

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

$40K$20K$0-$20K-$40K-$60KRevenue 2010: -$40,473Expenses 2010: $0Net Income 2010: -$40,4732010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: $6,642Expenses 2013: $0Net Income 2013: $6,6422013Revenue 2014: $3,821Expenses 2014: $0Net Income 2014: $3,8212014Revenue 2015: $13,488Expenses 2015: $0Net Income 2015: $13,4882015Revenue 2016: $27,478Expenses 2016: $0Net Income 2016: $27,4782016Revenue 2017: $24,431Expenses 2017: $0Net Income 2017: $24,4312017Revenue 2018: $33,943Expenses 2018: $0Net Income 2018: $33,9432018Revenue 2019: $25,787Expenses 2019: $0Net Income 2019: $25,7872019Revenue 2020: $21,428Expenses 2020: $0Net Income 2020: $21,4282020Revenue 2021: $22,462Expenses 2021: $0Net Income 2021: $22,4622021Revenue 2022: -$5,696Expenses 2022: $0Net Income 2022: -$5,6962022Revenue 2023: $25,335Expenses 2023: $0Net Income 2023: $25,3352023Revenue 2024: $25,786Expenses 2024: $0Net Income 2024: $25,7862024

Highlighted filing

2023

Revenue$25,335
Expenses$0
Net Income$25,335
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Gross Receipts
$93,351
Mission and Program Overview

Mission

This corporation provides low income housing and is exempt from taxation under 501(c)(3) of the irc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$196,059$221,394▲ $25,335
Cash and Non-Interest-Bearing Accounts$159,890$177,547▲ $17,657
Pd in Cap Srpls Land Bldg Eqp Fund$25,924$25,924→ $0
Prepaid Expenses and Deferred Charges$11,773$16,355▲ $4,582
Land, Buildings, and Equipment, Net$7,822$6,528▼ $1,294
Accounts Receivable$2,075$3,746▲ $1,671
Total Assets$237,282$261,677▲ $24,395
Other Assets Total$55,722$57,501▲ $1,779
Liabilities
Accounts Payable and Accrued Expenses$12,051$11,111▼ $940
Other Liabilities$3,248$3,248→ $0
Total Liabilities$15,299$14,359▼ $940
Net Assets / Fund Balance
Total Net Assets Fund Balance$221,983$247,318▲ $25,335
Total Liabilities and Net Assets / Fund Balance$237,282$261,677▲ $24,395

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,528$29,072-
Equipment-$12,525-
Other Assets Org$52,681--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathleen ReidOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$25,335
Change in Net Assets
$25,335
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
Tenants Security Deposits Payable$3,248
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

AVAILABLE UPON REQUEST

Committee meeting documentation Part VI line 8B

AVAILABLE UPON REQUEST

Form 990 governing body review Part VI line 11

AVAILABLE UPON REQUEST

Governing documents etc available to public Part VI line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
144 Grove Street Hdfc
EIN
11-3580995
Address
221-10 JAMAICA AVENUE, QUEENS VILLAGE, NY 11428

Signing Officer

Name
R Bramwell
Title
Officer
Phone
7187400416
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Michael D Mintz CPA PC
Address
5254 Merrick Road - Suite 6, Massapequa, NY 11758
Preparer
Michael D Mintz CPA PC
Phone
5167982588
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.16$2.73$0.26$0.00$0.26
2023Detailed filing. Detailed filing data is available for this year.$2.62$0.14$2.47$0.25$0.00$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.15$2.22$0.06$0.00$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.20$2.28$0.22$0.00$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.22$0.17$2.05$0.21$0.00$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.22$1.84$0.26$0.00$0.26
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.14$1.58$0.34$0.00$0.34
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.21$1.24$0.24$0.00$0.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.21$1.00$0.27$0.00$0.27
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.26$0.72$0.13$0.00$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.21$0.59$0.04$0.00$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.82$0.27$0.55$0.07$0.00$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.27$0.48$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.40$0.39$0.00
2010Summary only. Only limited summary data is available for this year.$0.59$0.38$0.22$0.40$0.00$0.40