Civic Intelligence

Hamilton Housing Development Company Incorporated

990 • Fiscal year 2020 • EIN 13-2726813

Jan 01, 2020 to Dec 31, 2020 • Filed on May 20, 2021

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

41st percentile

0.52x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

1.56x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$211,316

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Asset Growth

35th percentile

-1.9%

Faster asset growth than 35% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-2.8%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$7,367,802

Down $141,495 (-1.9%) from 2019

Net Assets

Up

$3,562,392

Up $267,192 (+8.1%) from 2019

Liabilities

Down

$3,805,410

Down $408,687 (-9.7%) from 2019

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin66th percentile

Revenue

Down

$2,445,253

Down $69,596 (-2.8%) from 2019

Expenses

Up

$2,178,061

Up $133,987 (+6.6%) from 2019

Net Income

Down

$267,192

Down $203,583 (-43%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2020

Assets$7,367,802
Liabilities$3,805,410
Net Assets$3,562,392
Open 2020 Filing

Operations Trend

Revenue Growth27th 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

2020

Revenue$2,445,253
Expenses$2,178,061
Net Income$267,192
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 20, 2021
Return Version
2020v4.1
Gross Receipts
$2,445,253
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$5,174,542$5,251,966▲ $77,424
Cash and Non-Interest-Bearing Accounts$1,259,442$858,210▼ $401,232
Accounts Receivable$173,881$292,362▲ $118,481
Prepaid Expenses and Deferred Charges$226,198$271,150▲ $44,952
Pledges and Grants Receivable$3,072$2,734▼ $338
Total Assets$7,509,297$7,367,802▼ $141,495
Other Assets Total$672,162$691,380▲ $19,218
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,704,329$3,562,908▼ $141,421
Escrow Account Liability$136,987$136,550▼ $437
Accounts Payable and Accrued Expenses$118,612$82,992▼ $35,620
Deferred Revenue$8,181$15,542▲ $7,361
Other Liabilities$245,988$7,418▼ $238,570
Total Liabilities$4,214,097$3,805,410▼ $408,687
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,295,200$3,562,392▲ $267,192
Total Net Assets Fund Balance$3,295,200$3,562,392▲ $267,192
Total Liabilities and Net Assets / Fund Balance$7,509,297$7,367,802▼ $141,495

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,676,486$4,187,091$8,863,577
Buildings$0$4,917,560$4,917,560
Land$546,396-$546,396
Equipment$29,084$46,445$75,529
Other Assets Org$136,550--
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$165,787
Program Service Revenue
$2,205,147
Investment Income
$7,558
Other Revenue
$66,761
Change in Net Assets
$267,192

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,445,253
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,445,253
Total Revenue per Form 990
$2,445,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,583,202
Salaries, Compensation, and Employee Benefits$594,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$393,091$22,623-$415,714
Depreciation Depletion$310,690--$310,690
Occupancy$308,366--$308,366
Fees for Services Management$7,333$282,809-$290,142
Insurance$170,381--$170,381
Fees for Services Other$68,843$55,890-$124,733
Other Employee Benefits$87,824$1,148-$88,972
Interest$69,224--$69,224
Payroll Taxes$33,027$432-$33,459
Current Officers, Directors, Trustees, and Key Employees$27,105$1,403-$28,508
Pension Plan Contributions$27,842$364-$28,206
Office Expenses-$25,756-$25,756
Fees for Services Accounting$13,246$10,754-$24,000
Information Technology$5,749$4,668-$10,417
Fees for Services Legal$4,160$3,378-$7,538
Other Expenses$30,561$2,432-$2,432
Total Functional Expenses$1,741,955$436,106$0$2,178,061

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,178,061
Total Expenses per Audited Statements$2,178,061
Total Expenses per Form 990$2,178,061
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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$7,418
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
2021-05-20
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
3
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 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 12/31/20.”

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 company is exempt from federal income taxes under internal revenue code ("irc") section 501(c)(3) and, therefore, has made no provision for federal or state income taxes in the accompanying financial statements. The company has also been determined by the internal revenue service ("irs") not to be a "private organization" within the meaning of section 509(a)(1) of the irc and therefore has been determined to be a public charity under the irc. 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, 2020 and 2019. All significant tax positions have been considered by management and it has been determined that all tax positions would be sustained upon examination by tax authorities. The company is required to file form 990 (return of organization exempt from income tax) and annual reports in new york, which are subject to federal and state examinations, generally up to three years, from the extended due date of the tax return. The federal and state forms for 2017 through 2019 are open to federal and state examination as of december 31, 2020.”

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/OtherAssetsTotalGrp/EOYAmt0691380
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01148
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt087824
IRS990/OtherEmployeeBenefitsGrp/TotalAmt088972
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MINOR EQUIPMENT & FURNI
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024449
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12432
IRS990/OtherExpensesGrp/ProgramServicesAmt0184513
IRS990/OtherExpensesGrp/ProgramServicesAmt130561
IRS990/OtherExpensesGrp/TotalAmt0184513
IRS990/OtherExpensesGrp/TotalAmt130561
IRS990/OtherExpensesGrp/TotalAmt224449
IRS990/OtherExpensesGrp/TotalAmt32432
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0245988
IRS990/OtherLiabilitiesGrp/EOYAmt07418
IRS990/OtherRevenueMiscGrp/BusinessCd0531310
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01665
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01665
IRS990/OtherRevenueTotalAmt01665
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022623
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0393091
IRS990/OtherSalariesAndWagesGrp/TotalAmt0415714
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0432
IRS990/PayrollTaxesGrp/ProgramServicesAmt033027
IRS990/PayrollTaxesGrp/TotalAmt033459
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0364
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027842
IRS990/PensionPlanContributionsGrp/TotalAmt028206
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03072
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02734
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0226198
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0271150
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/RelatedOrExemptFuncIncomeAmt02049613
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02049613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28805
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0148955
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015356
IRS990/PYOtherExpensesAmt01470654
IRS990/PYOtherRevenueAmt068291
IRS990/PYProgramServiceRevenueAmt02282247
IRS990/PYRevenuesLessExpensesAmt0470775
IRS990/PYSalariesCompEmpBnftPaidAmt0573420
IRS990/PYTotalExpensesAmt02044074
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02514849
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0267192
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt065096
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02270243
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2016 AMOUNT: $ 1,319. 2017 AMOUNT: $ 1,510. 2018 AMOUNT: $ 1,580. 2019 AMOUNT: $ 3,196. 2020 AMOUNT: $ 1,665.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0165787
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0148955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0141635
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0144982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt074561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0675920
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt072654
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt080451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt077665
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt070235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt069197
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0370202
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02205147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02282247
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02234885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02328989
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02400574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011451842
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt072654
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt080451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt077665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt070235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt069197
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0370202
IRS990ScheduleA/InvestmentIncomeCYPct00.02960
IRS990ScheduleA/InvestmentIncomePYPct00.00800
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01665
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03196
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01580
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01510
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01319
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09270
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96970
IRS990ScheduleA/PublicSupportPY509Pct00.99200
IRS990ScheduleA/PublicSupportTotal509Amt012127762
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02370934
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02431202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02376520
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02473971
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02475135
IRS990ScheduleA/Total509Grp/TotalAmt012127762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02445253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02514849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02455765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02545716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02545651
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012507234
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/BookValueAmt029084
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046445
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075529
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02178061
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0546396
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0546396
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04676486
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04187091
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08863577
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0115524
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1439306
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2136550
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02445253
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 COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COMPANY HAS ALSO BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A "PRIVATE ORGANIZATION" WITHIN THE MEANING OF SECTION 509(A)(1) OF THE IRC AND THEREFORE HAS BEEN DETERMINED TO BE A PUBLIC CHARITY UNDER THE IRC. 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, 2020 AND 2019. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE COMPANY IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) AND ANNUAL REPORTS IN NEW YORK, WHICH ARE SUBJECT TO FEDERAL AND STATE EXAMINATIONS, GENERALLY UP TO THREE YEARS, FROM THE EXTENDED DUE DATE OF THE TAX RETURN. THE FEDERAL AND STATE FORMS FOR 2017 THROUGH 2019 ARE OPEN TO FEDERAL AND STATE EXAMINATION AS OF DECEMBER 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05251966
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0691380
IRS990ScheduleD/TotalExpensesPerForm990Amt02178061
IRS990ScheduleD/TotalLiabilityAmt07418
IRS990ScheduleD/TotalRevenuePerForm990Amt02445253
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02445253
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02178061
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,367,802
Liabilities
$3,805,410
Net assets
$3,562,392
Revenue
$2,445,253
Expenses
$2,178,061
Net income
$267,192
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