Civic Intelligence

Hamilton Housing Development Company Incorporated

990 • Fiscal year 2021 • EIN 13-2726813

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 17, 2022

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

45th percentile

0.52x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

1.62x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Net Margin

41st percentile

-2.2%

Higher net margin than 41% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$208,234

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Asset Growth

44th percentile

-1.1%

Faster asset growth than 44% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-4.9%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$7,285,310

Down $82,492 (-1.1%) from 2020

Net Assets

Down

$3,510,716

Down $51,676 (-1.5%) from 2020

Liabilities

Down

$3,774,594

Down $30,816 (-0.8%) from 2020

Revenue

Down

$2,325,607

Down $119,646 (-4.9%) from 2020

Expenses

Up

$2,377,283

Up $199,222 (+9.1%) from 2020

Net Income

Down

-$51,676

Down $318,868 (-119%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$7,285,310
Liabilities$3,774,594
Net Assets$3,510,716

Operations Trend

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

2021

Revenue$2,325,607
Expenses$2,377,283
Net Income-$51,676
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 17, 2022
Return Version
2021v4.2
Gross Receipts
$2,325,607
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$5,251,966$5,088,872▼ $163,094
Cash and Non-Interest-Bearing Accounts$858,210$880,598▲ $22,388
Prepaid Expenses and Deferred Charges$271,150$330,645▲ $59,495
Accounts Receivable$292,362$209,483▼ $82,879
Pledges and Grants Receivable$2,734$3,130▲ $396
Total Assets$7,367,802$7,285,310▼ $82,492
Other Assets Total$691,380$772,582▲ $81,202
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,562,908$3,406,496▼ $156,412
Escrow Account Liability$136,550$143,851▲ $7,301
Other Liabilities$7,418$114,069▲ $106,651
Accounts Payable and Accrued Expenses$82,992$87,862▲ $4,870
Deferred Revenue$15,542$22,316▲ $6,774
Total Liabilities$3,805,410$3,774,594▼ $30,816
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,562,392$3,510,716▼ $51,676
Total Net Assets Fund Balance$3,562,392$3,510,716▼ $51,676
Total Liabilities and Net Assets / Fund Balance$7,367,802$7,285,310▼ $82,492

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,517,978$4,510,018$9,027,996
Buildings$0$4,917,560$4,917,560
Land$546,396-$546,396
Equipment$24,498$51,031$75,529
Other Assets Org$143,851--
Compensation and Service Providers

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
$171,718
Program Service Revenue
$2,061,341
Investment Income
$2,340
Other Revenue
$90,208
Change in Net Assets
$-51,676

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,325,607
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,325,607
Total Revenue per Form 990
$2,325,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,765,444
Salaries, Compensation, and Employee Benefits$611,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$405,173$37,449-$442,622
Occupancy$347,293--$347,293
Depreciation Depletion$327,513--$327,513
Fees for Services Management$4,665$291,013-$295,678
Insurance$200,425--$200,425
Fees for Services Other$41,545$77,181-$118,726
Other Employee Benefits$81,191$1,648-$82,839
Interest$59,570--$59,570
Office Expenses-$47,840-$47,840
Payroll Taxes$35,767$726-$36,493
Fees for Services Accounting$10,498$19,502-$30,000
Current Officers, Directors, Trustees, and Key Employees$25,419$2,118-$27,537
Pension Plan Contributions$21,903$445-$22,348
Other Expenses$829$10,431-$11,260
Information Technology$3,389$6,295-$9,684
Fees for Services Legal$1,002$1,861-$2,863
Total Functional Expenses$1,813,179$564,104$0$2,377,283

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,377,283
Total Expenses per Audited Statements$2,377,283
Total Expenses per Form 990$2,377,283
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$114,069
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
2022-10-17
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 12/31/21.

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 organization 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 organization 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 organization had no activities subject to ubit in the years ended december 31, 2021 and 2020. 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 organization 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 2018 through 2020 are open to federal and state examination as of december 31, 2021.

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IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2MINOR EQUIPMENT & FURNI
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt067595
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110431
IRS990/OtherExpensesGrp/ProgramServicesAmt0185127
IRS990/OtherExpensesGrp/ProgramServicesAmt161870
IRS990/OtherExpensesGrp/ProgramServicesAmt2829
IRS990/OtherExpensesGrp/TotalAmt0185127
IRS990/OtherExpensesGrp/TotalAmt167595
IRS990/OtherExpensesGrp/TotalAmt261870
IRS990/OtherExpensesGrp/TotalAmt311260
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt07418
IRS990/OtherLiabilitiesGrp/EOYAmt0114069
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0ENERGY EFFICIENCY PROG
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025095
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025095
IRS990/OtherRevenueTotalAmt025095
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037449
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0405173
IRS990/OtherSalariesAndWagesGrp/TotalAmt0442622
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0726
IRS990/PayrollTaxesGrp/ProgramServicesAmt035767
IRS990/PayrollTaxesGrp/TotalAmt036493
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0445
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021903
IRS990/PensionPlanContributionsGrp/TotalAmt022348
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02734
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03130
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0271150
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0330645
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/RelatedOrExemptFuncIncomeAmt01903014
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211598
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01903014
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211598
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0165787
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07558
IRS990/PYOtherExpensesAmt01583202
IRS990/PYOtherRevenueAmt066761
IRS990/PYProgramServiceRevenueAmt02205147
IRS990/PYRevenuesLessExpensesAmt0267192
IRS990/PYSalariesCompEmpBnftPaidAmt0594859
IRS990/PYTotalExpensesAmt02178061
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02445253
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-51676
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt065113
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02151549
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2017 AMOUNT: $ 1,510. 2018 AMOUNT: $ 1,580. 2019 AMOUNT: $ 3,196. 2020 AMOUNT: $ 1,665. ENERGY EFFICIENCY PROGRAM CREDIT - 2021 AMOUNT: $ 25,095.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0171718
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0165787
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0148955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0141635
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0144982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0773077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt067453
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt072654
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt080451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt077665
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt070235
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0368458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02061341
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02205147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02282247
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02234885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02328989
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011112609
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt067453
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt072654
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt080451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt077665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt070235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0368458
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.02960
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt025095
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01665
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03196
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01580
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01510
IRS990ScheduleA/OtherIncome509Grp/TotalAmt033046
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96730
IRS990ScheduleA/PublicSupportPY509Pct00.96970
IRS990ScheduleA/PublicSupportTotal509Amt011885686
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02233059
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02370934
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02431202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02376520
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02473971
IRS990ScheduleA/Total509Grp/TotalAmt011885686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02325607
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02445253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02514849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02455765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02545716
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012287190
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/BookValueAmt024498
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051031
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075529
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02377283
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0546396
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0546396
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04517978
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04510018
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09027996
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0158709
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1470022
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2143851
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02325607
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 ORGANIZATION 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 ORGANIZATION 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 ORGANIZATION HAD NO ACTIVITIES SUBJECT TO UBIT IN THE YEARS ENDED DECEMBER 31, 2021 AND 2020. 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 ORGANIZATION 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 2018 THROUGH 2020 ARE OPEN TO FEDERAL AND STATE EXAMINATION AS OF DECEMBER 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05088872
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0772582
IRS990ScheduleD/TotalExpensesPerForm990Amt02377283
IRS990ScheduleD/TotalLiabilityAmt0114069
IRS990ScheduleD/TotalRevenuePerForm990Amt02325607
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02325607
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02377283
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00

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Filings

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