Civic Intelligence

Hamilton Housing Development Company Incorporated

990 • Fiscal year 2019 • EIN 13-2726813

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization ProfileWWW.PROJECTFIND.ORG
CO Project Find 160 West 71st StNew York, NY 10023

(212) 874-0300

Siviq Scores

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

Liabilities / Assets

47th percentile

0.56x

Higher debt load relative to assets than 47% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

43rd percentile

1.68x

Higher debt load relative to revenue than 43% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

64th percentile

$197,495

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Asset Growth

85th percentile

8.1%

Faster asset growth than 85% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

2.4%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$7,509,297

Up $564,428 (+8.1%) from 2018

Net Assets

Up

$3,295,200

Up $454,901 (+16%) from 2018

Liabilities

Up

$4,214,097

Up $109,527 (+2.7%) from 2018

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin75th percentile

Revenue

Up

$2,514,849

Up $59,084 (+2.4%) from 2018

Expenses

Up

$2,044,074

Up $15,021 (+0.7%) from 2018

Net Income

Up

$470,775

Up $44,063 (+10%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $8,098,585Liabilities 2010: $9,069,470Net Assets 2010: -$970,8852010Assets 2011: $7,676,907Liabilities 2011: $8,518,096Net Assets 2011: -$841,1892011Assets 2012: $7,224,067Liabilities 2012: $7,778,096Net Assets 2012: -$554,0292012Assets 2013: $7,078,585Liabilities 2013: $7,119,599Net Assets 2013: -$41,0142013Assets 2014: $7,093,123Liabilities 2014: $6,549,060Net Assets 2014: $544,0632014Assets 2015: $7,136,977Liabilities 2015: $5,983,958Net Assets 2015: $1,153,0192015Assets 2016: $6,874,682Liabilities 2016: $5,060,998Net Assets 2016: $1,813,6842016Assets 2017: $6,772,596Liabilities 2017: $4,359,009Net Assets 2017: $2,413,5872017Assets 2018: $6,944,869Liabilities 2018: $4,104,570Net Assets 2018: $2,840,2992018Assets 2019: $7,509,297Liabilities 2019: $4,214,097Net Assets 2019: $3,295,2002019Assets 2020: $7,367,802Liabilities 2020: $3,805,410Net Assets 2020: $3,562,3922020Assets 2021: $7,285,310Liabilities 2021: $3,774,594Net Assets 2021: $3,510,7162021Assets 2022: $1,035,069Liabilities 2022: $3,597,538Net Assets 2022: -$2,562,4692022Assets 2023: $1,098,623Liabilities 2023: $3,662,514Net Assets 2023: -$2,563,8912023Assets 2024: $279,580Liabilities 2024: $2,853,806Net Assets 2024: -$2,574,2262024

Highlighted filing

2019

Assets$7,509,297
Liabilities$4,214,097
Net Assets$3,295,200
Open 2019 Filing

Operations Trend

Revenue Growth56th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,132,0382010Revenue 2011: $2,328,458Expenses 2011: $2,198,762Net Income 2011: $129,6962011Revenue 2012: $2,387,299Expenses 2012: $2,100,139Net Income 2012: $287,1602012Revenue 2013: $2,534,373Expenses 2013: $2,021,358Net Income 2013: $513,0152013Revenue 2014: $2,641,938Expenses 2014: $2,056,861Net Income 2014: $585,0772014Revenue 2015: $2,583,927Expenses 2015: $1,974,971Net Income 2015: $608,9562015Revenue 2016: $2,545,651Expenses 2016: $1,884,986Net Income 2016: $660,6652016Revenue 2017: $2,545,716Expenses 2017: $1,945,813Net Income 2017: $599,9032017Revenue 2018: $2,455,765Expenses 2018: $2,029,053Net Income 2018: $426,7122018Revenue 2019: $2,514,849Expenses 2019: $2,044,074Net Income 2019: $470,7752019Revenue 2020: $2,445,253Expenses 2020: $2,178,061Net Income 2020: $267,1922020Revenue 2021: $2,325,607Expenses 2021: $2,377,283Net Income 2021: -$51,6762021Revenue 2022: $2,290,292Expenses 2022: $2,537,150Net Income 2022: -$246,8582022Revenue 2023: $181,975Expenses 2023: $183,397Net Income 2023: -$1,4222023Revenue 2024: $0Expenses 2024: $5,339Net Income 2024: -$5,3392024

Highlighted filing

2019

Revenue$2,514,849
Expenses$2,044,074
Net Income$470,775
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$2,514,849
Mission and Program Overview

Mission

To operate a hud-assisted elderly rental housing project under section 236 of the national housing act

To provide housing and social services to the residents of hamilton house.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,996,697$5,174,542▲ $177,845
Cash and Non-Interest-Bearing Accounts$755,565$1,259,442▲ $503,877
Prepaid Expenses and Deferred Charges$174,647$226,198▲ $51,551
Accounts Receivable$46,682$173,881▲ $127,199
Pledges and Grants Receivable$18,706$3,072▼ $15,634
Total Assets$6,944,869$7,509,297▲ $564,428
Other Assets Total$952,572$672,162▼ $280,410
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,836,751$3,704,329▼ $132,422
Other Liabilities$78,162$245,988▲ $167,826
Escrow Account Liability$126,101$136,987▲ $10,886
Accounts Payable and Accrued Expenses$57,127$118,612▲ $61,485
Deferred Revenue$6,429$8,181▲ $1,752
Total Liabilities$4,104,570$4,214,097▲ $109,527
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,840,299$3,295,200▲ $454,901
Total Net Assets Fund Balance$2,840,299$3,295,200▲ $454,901
Total Liabilities and Net Assets / Fund Balance$6,944,869$7,509,297▲ $564,428

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,609,650$3,872,000$8,481,650
Buildings$0$4,917,560$4,917,560
Land$546,396-$546,396
Equipment$18,496$298,216$316,712
Other Assets Org$136,987--
Compensation and Service Providers
Top Officer Pay64th percentile

Board Members and Trustees

NameTitle
Jane SilvermanChair
Ivan ArmstrongVice Chair
Mark JenningsDeputy Director
David DavenportDirector
Jeffrey FoxDirector
David GillcristSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,955
Program Service Revenue
$2,282,247
Investment Income
$15,356
Other Revenue
$68,291
Change in Net Assets
$470,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,514,849
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,514,849
Total Revenue per Form 990
$2,514,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,470,654
Salaries, Compensation, and Employee Benefits$573,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$359,429$35,206-$394,635
Occupancy$329,086$4,100-$333,186
Depreciation Depletion$302,849--$302,849
Fees for Services Management$1,024$275,913-$276,937
Insurance$146,599--$146,599
Other Employee Benefits$77,071$12,300-$89,371
Interest$78,271--$78,271
Payroll Taxes$29,579$4,721-$34,300
Pension Plan Contributions$25,989$4,148-$30,137
Current Officers, Directors, Trustees, and Key Employees$22,602$2,375-$24,977
Fees for Services Accounting$4,054$17,946-$22,000
Information Technology$3,292$14,574-$17,866
Fees for Services Other$2,746$12,154-$14,900
Office Expenses-$14,810-$14,810
Fees for Services Legal$1,005$4,446-$5,451
Other Expenses$4,099$1,271-$5,370
All Other Expenses-$4,590-$4,590
Total Functional Expenses$1,616,727$427,347$0$2,044,074

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,059,948
Expenses per Audited Statements$2,044,074
Total Expenses per Form 990$2,044,074
Expenses Not Reported on Form 990$15,874
Expenses Not Reported on Financial Statements$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
Due to Affiliates$245,988
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board will review form 990 at a special session.”

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

“Every board member must sign a conflict of interest statement. All board members must identify any elected officials they or family members have a financial interest with. Board members must disclose and identify any potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The audited financial statements and tax returns are available upon written request.”

Filing and Contact Details

Filer

Filer Name
The Hamilton Housing Development
EIN
13-2726813
Phone
2128740300
Address
CO PROJECT FIND 160 WEST 71ST ST, NEW YORK, NY 10023

Signing Officer

Name
David Gillcrist
Title
Treasurer
Phone
2128740300
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Gillcrist
Formed
1972
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
4
Volunteers
4

Preparer

Firm
Wiss & Company Llp
Address
100 CAMPUS DRIVE, FLORHAM PARK, NJ 07932
Preparer
Diana Miller
Phone
9739949400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt expense adjustment -15,874.”

Form 990, Part XII, Line 2C

“The hamilton housing development company's finance committee assumes responsiblity for oversight of the organization's audited financial statements and the selection of its independent auditor. The organization did not change its selection of the independent auditors for the year ended 12/31/19.”

Financial Statement Notes

PART IV, LINE 2B:

“The company is the custodian of two trust accounts to separately track the security deposits for the residents and commercial tenants.”

PART X, LINE 2:

“The hamilton housing development company, inc. Is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, section 422 of the real property tax law, nys corporate franchise tax under section 209 of the nys tax law and nyc general corporation tax under sections 11-122, 11-603 of the nyc adm. Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. The company has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the internal revenue code. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax (ubit). Management has determined that the company had no activities subject to ubit in the years ended december 31, 2019 and 2018. All significant tax positions have been considered by management and it has been determined that all tax positions would be sustained upon examination by taxing authorities. The company is required to file form 990 (return of organization exempt from income tax), which is subject to examination by the internal revenue service (irs) up to three years from the extended due date of the tax return. The forms 990 for 2016 through 2018 are open to examination by the irs.”

Raw XML AppendixShowing 400 of 595 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.

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IRS990/OfficeExpensesGrp/TotalAmt014810
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0952572
IRS990/OtherAssetsTotalGrp/EOYAmt0672162
IRS990/OtherChangesInNetAssetsAmt0-15874
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt077071
IRS990/OtherEmployeeBenefitsGrp/TotalAmt089371
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MINOR EQUIPMENT & FURNI
IRS990/OtherExpensesGrp/Desc2TELEPHONE & POSTAGE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09550
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19243
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21271
IRS990/OtherExpensesGrp/ProgramServicesAmt0174193
IRS990/OtherExpensesGrp/ProgramServicesAmt154839
IRS990/OtherExpensesGrp/ProgramServicesAmt24099
IRS990/OtherExpensesGrp/TotalAmt0174193
IRS990/OtherExpensesGrp/TotalAmt164389
IRS990/OtherExpensesGrp/TotalAmt29243
IRS990/OtherExpensesGrp/TotalAmt35370
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt078162
IRS990/OtherLiabilitiesGrp/EOYAmt0245988
IRS990/OtherRevenueMiscGrp/BusinessCd0531310
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt03196
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03196
IRS990/OtherRevenueTotalAmt03196
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035206
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0359429
IRS990/OtherSalariesAndWagesGrp/TotalAmt0394635
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04721
IRS990/PayrollTaxesGrp/ProgramServicesAmt029579
IRS990/PayrollTaxesGrp/TotalAmt034300
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04148
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt025989
IRS990/PensionPlanContributionsGrp/TotalAmt030137
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt018706
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03072
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0174647
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0226198
IRS990/PrincipalOfficerNm0DAVID GILLCRIST
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1SECTION 236 SUBSIDY
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02124036
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02124036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211482
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0141635
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012573
IRS990/PYOtherExpensesAmt01423020
IRS990/PYOtherRevenueAmt066672
IRS990/PYProgramServiceRevenueAmt02234885
IRS990/PYRevenuesLessExpensesAmt0426712
IRS990/PYSalariesCompEmpBnftPaidAmt0606033
IRS990/PYTotalExpensesAmt02029053
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02455765
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0470775
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt065095
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02347342
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0148955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0141635
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0144982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt074561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0131656
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0641789
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018552
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014153
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06651
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt018292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043095
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0100743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02347342
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02284103
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02394083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02452798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02409176
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011887502
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018552
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014153
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06651
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018292
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0100743
IRS990ScheduleA/InvestmentIncomeCYPct00.00800
IRS990ScheduleA/InvestmentIncomePYPct00.01120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99200
IRS990ScheduleA/PublicSupportPY509Pct00.98880
IRS990ScheduleA/PublicSupportTotal509Amt012529291
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02496297
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02425738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02539065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02527359
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02540832
IRS990ScheduleA/Total509Grp/TotalAmt012529291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02514849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02439891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02545716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02545651
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02583927
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012630034
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/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04917560
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04917560
IRS990ScheduleD/EquipmentGrp/BookValueAmt018496
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0298216
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0316712
IRS990ScheduleD/ExpensesNotReportedAmt015874
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02044074
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0546396
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0546396
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04609650
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03872000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08481650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0114600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1420575
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2136987
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt015874
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0245988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02514849
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS THE CUSTODIAN OF TWO TRUST ACCOUNTS TO SEPARATELY TRACK THE SECURITY DEPOSITS FOR THE RESIDENTS AND COMMERCIAL TENANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE HAMILTON HOUSING DEVELOPMENT COMPANY, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, SECTION 422 OF THE REAL PROPERTY TAX LAW, NYS CORPORATE FRANCHISE TAX UNDER SECTION 209 OF THE NYS TAX LAW AND NYC GENERAL CORPORATION TAX UNDER SECTIONS 11-122, 11-603 OF THE NYC ADM. CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COMPANY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. OTHER SIGNIFICANT TAX POSITIONS INCLUDE ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO ACTIVITIES SUBJECT TO UBIT IN THE YEARS ENDED DECEMBER 31, 2019 AND 2018. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE COMPANY IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX), WHICH IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF THE TAX RETURN. THE FORMS 990 FOR 2016 THROUGH 2018 ARE OPEN TO EXAMINATION BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05174542
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0672162
IRS990ScheduleD/TotalExpensesPerForm990Amt02044074
IRS990ScheduleD/TotalLiabilityAmt0245988
IRS990ScheduleD/TotalRevenuePerForm990Amt02514849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02514849
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02059948
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,509,297
Liabilities
$4,214,097
Net assets
$3,295,200
Revenue
$2,514,849
Expenses
$2,044,074
Net income
$470,775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$2.85$2.57$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.10$3.66$2.56$0.18$0.18$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.04$3.60$2.56$2.29$2.54$0.25
2021Detailed filing. Detailed filing data is available for this year.$7.29$3.77$3.51$2.33$2.38$0.05
2020Detailed filing. Detailed filing data is available for this year.$7.37$3.81$3.56$2.45$2.18$0.27
2019Detailed filing. Detailed filing data is available for this year.$7.51$4.21$3.30$2.51$2.04$0.47
2018Detailed filing. Detailed filing data is available for this year.$6.94$4.10$2.84$2.46$2.03$0.43
2017Detailed filing. Detailed filing data is available for this year.$6.77$4.36$2.41$2.55$1.95$0.60
2016Detailed filing. Detailed filing data is available for this year.$6.87$5.06$1.81$2.55$1.88$0.66
2015Detailed filing. Detailed filing data is available for this year.$7.14$5.98$1.15$2.58$1.97$0.61
2014Detailed filing. Detailed filing data is available for this year.$7.09$6.55$0.54$2.64$2.06$0.59
2013Detailed filing. Detailed filing data is available for this year.$7.08$7.12$0.04$2.53$2.02$0.51
2012Summary only. Only limited summary data is available for this year.$7.22$7.78$0.55$2.39$2.10$0.29
2011Summary only. Only limited summary data is available for this year.$7.68$8.52$0.84$2.33$2.20$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.10$9.07$0.97$2.13