Civic Intelligence

Evergreen Estates Housing Development Fund Company Inc

EIN 13-2720769 • 501(c)3 • New York, NY

Profile

To provide clean, affordable housing to 232 low-income families in the bronx, ny.

494 Eighth Avenue 19th FloorNew York, NY 10001

n/A

Siviq Scores

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

Liabilities / Assets

89th percentile

1.44x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

50th percentile

2.46x

Higher debt load relative to revenue than 50% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2023

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$124,500

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

NTEE L • $5M-$10M nonprofits • Source year 2023

Asset Growth

45th percentile

-0.7%

Faster asset growth than 45% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

10%

Faster revenue growth than 67% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$8,364,568

Down $54,795 (-0.7%) from 2022

Liabilities

Down

$12,083,265

Down $590,009 (-4.7%) from 2022

Net Assets

Up

-$3,718,697

Up $535,214 (+13%) from 2022

Revenue

Up

$4,902,829

Up $447,855 (+10%) from 2022

Expenses

Up

$4,367,615

Up $278,772 (+6.8%) from 2022

Net Income

Up

$535,214

Up $169,083 (+46%) from 2022

Trend Graphs

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2014: $2,117,601Liabilities 2014: $967,583Net Assets 2014: $1,150,0182014Assets 2015: $1,859,913Liabilities 2015: $321,336Net Assets 2015: $1,538,5772015Assets 2016: $2,577,232Liabilities 2016: $794,628Net Assets 2016: $1,782,6042016Assets 2017: $15,286,803Liabilities 2017: $14,604,045Net Assets 2017: $682,7582017Assets 2018: $14,925,442Liabilities 2018: $14,721,447Net Assets 2018: $203,9952018Assets 2019: $13,095,992Liabilities 2019: $13,621,678Net Assets 2019: -$525,6862019Assets 2020: $12,477,073Liabilities 2020: $12,510,296Net Assets 2020: -$33,2232020Assets 2021: $7,286,125Liabilities 2021: $12,258,790Net Assets 2021: -$4,972,6652021Assets 2022: $8,419,363Liabilities 2022: $12,673,274Net Assets 2022: -$4,253,9112022Assets 2023: $8,364,568Liabilities 2023: $12,083,265Net Assets 2023: -$3,718,6972023

Highlighted filing

2023

Assets$8,364,568
Liabilities$12,083,265
Net Assets-$3,718,697

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $4,865,093Expenses 2014: $2,138,058Net Income 2014: $2,727,0352014Revenue 2015: $2,284,148Expenses 2015: $1,895,589Net Income 2015: $388,5592015Revenue 2016: $2,189,395Expenses 2016: $1,945,368Net Income 2016: $244,0272016Revenue 2017: $3,044,260Expenses 2017: $4,144,100Net Income 2017: -$1,099,8402017Revenue 2018: $3,449,668Expenses 2018: $3,928,344Net Income 2018: -$478,6762018Revenue 2019: $3,688,007Expenses 2019: $4,417,688Net Income 2019: -$729,6812019Revenue 2020: $3,829,842Expenses 2020: $3,337,379Net Income 2020: $492,4632020Revenue 2021: $3,876,768Expenses 2021: $8,820,337Net Income 2021: -$4,943,5692021Revenue 2022: $4,454,974Expenses 2022: $4,088,843Net Income 2022: $366,1312022Revenue 2023: $4,902,829Expenses 2023: $4,367,615Net Income 2023: $535,2142023

Highlighted filing

2023

Revenue$4,902,829
Expenses$4,367,615
Net Income$535,214

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 17, 2024
Return Version
2022v5.0
Gross Receipts
$4,902,829
Mission and Program Overview

Mission

To provide clean, affordable housing to low-income residents in the bronx, ny.

To provide clean, affordable housing to 232 low income families in the bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,210,658$4,037,182▼ $173,476
Savings and Temporary Cash Investments$679,608$1,441,214▲ $761,606
Prepaid Expenses and Deferred Charges$299,662$257,628▼ $42,034
Accounts Receivable$171,372$157,824▼ $13,548
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$8,419,363$8,364,568▼ $54,795
Other Assets Total$3,057,863$2,470,520▼ $587,343
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,494,678$11,615,631▼ $879,047
Accounts Payable and Accrued Expenses$65,608$376,598▲ $310,990
Escrow Account Liability$69,771$74,578▲ $4,807
Other Liabilities$26,759$0▼ $26,759
Deferred Revenue$16,458$16,458→ $0
Total Liabilities$12,673,274$12,083,265▼ $590,009
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,253,911$-3,718,697▲ $535,214
Total Net Assets Fund Balance$-4,253,911$-3,718,697▲ $535,214
Total Liabilities and Net Assets / Fund Balance$8,419,363$8,364,568▼ $54,795

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$290,570$4,764,136$5,054,706
Equipment$3,590,463$1,191,034$4,781,497
Land$156,149-$156,149
Other Assets Org$634,737--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Nestor OlivierCFO$124,500$124,500
Paul MoorePresident$112,507$112,507

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$64,534
Program Service Revenue
$4,838,173
Investment Income
$92
Other Revenue
$30
Change in Net Assets
$535,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,367,615
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$1,400,467--$1,400,467
Fees for Services Management$373,332$142,752-$516,084
Interest$438,889--$438,889
Insurance$241,758--$241,758
Depreciation Depletion$227,135--$227,135
Fees for Services Accounting-$175,320-$175,320
Other Expenses$146,667$117,360-$117,360
Fees for Services Legal-$52,700-$52,700
Information Technology-$27,974-$27,974
Office Expenses-$12,894-$12,894
Total Functional Expenses$3,838,615$529,000$0$4,367,615
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has delegated the customary management duties to u.h.o. Management corporation, a related tax-exempt managing agent. The organization paid $516,084 for their services.

Form 990, Part VI, Section B, Line 11B

A draft copy of the form 990 is prepared by an independent accountant and provided to management who subsequently review and approve such document prior to finalization and filing with the irs.

Form 990, Part VI, Section C, Line 19

All documents are available at the management office.

Filing and Contact Details

Filer

Filer Name
Evergreen Estates Housing Development
EIN
13-2720769
Phone
2125630310
Address
494 EIGHTH AVENUE 19TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
Paul Moore
Title
President
Phone
2125630310
Signed
2024-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Moore
Formed
1972
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cbiz Marks Paneth LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process of obtaining an independent auditor has not changed from the prior year

FORM 990, PART IV, LINE 12:

The return is prepared with the information available at the time of filing. The return will be amended once the audit is completed.

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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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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0679608
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01441214
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2020 AMOUNT: $ 2,024. 2021 AMOUNT: $ 60. 2022 AMOUNT: $ 30.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt064534
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt064534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0660
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035768
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt073039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017827
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0127386
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04838173
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04454254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03838976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03756803
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03670180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt020558386
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0660
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035768
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt073039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017827
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0127386
IRS990ScheduleA/InvestmentIncomeCYPct00.00610
IRS990ScheduleA/InvestmentIncomePYPct00.00750
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02024
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02114
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99380
IRS990ScheduleA/PublicSupportPY509Pct00.99240
IRS990ScheduleA/PublicSupportTotal509Amt020622920
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04902707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04454254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03838976
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03756803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03670180
IRS990ScheduleA/Total509Grp/TotalAmt020622920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04902829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04454974
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03876768
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03829842
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03688007
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt020752420
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0290570
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04764136
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05054706
IRS990ScheduleD/EquipmentGrp/BookValueAmt03590463
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01191034
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04781497
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0156149
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156149
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074578
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1145743
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25716
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt42244284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5634737
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED ESCROW FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PAYROLL AND SUNDRY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3FLEXIBLE SUBSIDY BANK ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REPLACEMENT RESRVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DEBT ISSUANCE COSTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04037182
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03105257
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DELEGATED THE CUSTOMARY MANAGEMENT DUTIES TO U.H.O. MANAGEMENT CORPORATION, A RELATED TAX-EXEMPT MANAGING AGENT. THE ORGANIZATION PAID $516,084 FOR THEIR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND PROVIDED TO MANAGEMENT WHO SUBSEQUENTLY REVIEW AND APPROVE SUCH DOCUMENT PRIOR TO FINALIZATION AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE AT THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS OF OBTAINING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN IS PREPARED WITH THE INFORMATION AVAILABLE AT THE TIME OF FILING. THE RETURN WILL BE AMENDED ONCE THE AUDIT IS COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IV, LINE 12:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0132750779
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1521837426
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0APARTMENT HOUSE REDEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1TREMONT VYSE I HOUSING DEVELOPMENT FUND CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0494 EIGHTH AVENUE- 19TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt11945 VYSE AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1BRONX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010001
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110460
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0822025972
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY

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