Civic Intelligence

Boston Road Housing Development Fund Co Inc.

EIN 13-2731443 • 501(c)3 • New York, NY

Pub. 78 EligibleNTEE L20

Profile

To provide clean, affordable housing to 142 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

97th percentile

1.37x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

3.52x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

41st percentile

1.2%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

45th percentile

3.3%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

6.2%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$8,188,955

Up $264,802 (+3.3%) from 2022

Liabilities

Up

$11,213,561

Up $871,050 (+8.4%) from 2022

Net Assets

Down

-$3,024,606

Down $606,248 (-25%) from 2022

Revenue

Up

$3,188,869

Up $185,413 (+6.2%) from 2022

Expenses

Up

$3,151,699

Up $473,422 (+18%) from 2022

Net Income

Down

$37,170

Down $288,009 (-89%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2018: $4,925,019Liabilities 2018: $6,146,862Net Assets 2018: -$1,221,8432018Assets 2020: $4,893,444Liabilities 2020: $5,557,590Net Assets 2020: -$664,1462020Assets 2021: $8,005,119Liabilities 2021: $10,516,474Net Assets 2021: -$2,511,3552021Assets 2022: $7,924,153Liabilities 2022: $10,342,511Net Assets 2022: -$2,418,3582022Assets 2023: $8,188,955Liabilities 2023: $11,213,561Net Assets 2023: -$3,024,6062023

Highlighted filing

2023

Assets$8,188,955
Liabilities$11,213,561
Net Assets-$3,024,606

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $2,837,304Expenses 2018: $2,425,923Net Income 2018: $411,3812018Revenue 2020: $2,724,851Expenses 2020: $2,207,885Net Income 2020: $516,9662020Revenue 2021: $2,881,058Expenses 2021: $4,475,679Net Income 2021: -$1,594,6212021Revenue 2022: $3,003,456Expenses 2022: $2,678,277Net Income 2022: $325,1792022Revenue 2023: $3,188,869Expenses 2023: $3,151,699Net Income 2023: $37,1702023

Highlighted filing

2023

Revenue$3,188,869
Expenses$3,151,699
Net Income$37,170

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Sep 16, 2024
Return Version
2022v5.0
Gross Receipts
$3,188,869
Mission and Program Overview

Mission

To provide clean, affordable housing to 142 low-income families in the bronx, ny.

To provide clean, affordable housing to 142 low income families in the bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,316,882$5,699,679▲ $382,797
Cash and Non-Interest-Bearing Accounts$199,966$1,413,948▲ $1,213,982
Prepaid Expenses and Deferred Charges$125,008$150,293▲ $25,285
Accounts Receivable$209,643$53,846▼ $155,797
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-2,418,358$-3,024,606▼ $606,248
Total Assets$7,924,153$8,188,955▲ $264,802
Other Assets Total$2,072,654$871,189▼ $1,201,465
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,086,780$9,772,674▼ $314,106
Other Liabilities$215,052$865,317▲ $650,265
Accounts Payable and Accrued Expenses$19,085$575,570▲ $556,485
Deferred Revenue$21,594--
Total Liabilities$10,342,511$11,213,561▲ $871,050
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,418,358$-3,024,606▼ $606,248
Total Liabilities and Net Assets / Fund Balance$7,924,153$8,188,955▲ $264,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,133,760$4,752,482$9,886,242
Equipment$311,190$288,079$599,269
Land$254,729-$254,729
Other Assets Org$501,510--
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
$0
Program Service Revenue
$3,070,017
Investment Income
$0
Other Revenue
$118,852
Change in Net Assets
$37,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,151,699
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$605,041--$605,041
Interest$255,213--$255,213
Other Expenses-$170,186-$170,186
Fees for Services Management$98,422$37,015-$135,437
Fees for Services Other-$98,776-$98,776
Fees for Services Legal-$70,074-$70,074
All Other Expenses$41,319$27,235-$68,554
Information Technology-$13,787-$13,787
Office Expenses-$5,766-$5,766
Travel-$3,981-$3,981
Total Functional Expenses$999,995$2,151,704$0$3,151,699
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
Dues to Hud$733,393
N.y.s. Franshise Tax Pay$108,642
Dues to Underwriters$25,080
Tenant Security Deposits$-1,798
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 compensated the corporation $458,972.

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

A draft copy of the form 990 is prepared by an independent accountant and provided to all board members who subsequently reviewed and approved such document prior to finalization.

Form 990, Part VI, Section C, Line 19

All documents are available at the management office.

Filing and Contact Details

Filer

Filer Name
Boston Road Hdfc Inc
EIN
13-2731443
Phone
2125630310
Address
494 EIGHTH AVENUE 19TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
Paul Moore
Title
President
Phone
2125630310
Signed
2024-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Moore
Formed
1975
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 IV, LINE 12A:

The return is prepared with the best information available at the time. If more information becomes available, the return will be amended if necessary.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0118777
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0148957
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0157392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0173860
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0133975
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0732961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03070017
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02854499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02723666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02499104
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02453877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013601163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0118777
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0148957
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0157392
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0173860
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0133975
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0732961
IRS990ScheduleA/InvestmentIncomeCYPct00.05090
IRS990ScheduleA/InvestmentIncomePYPct00.05380
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt075
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt051887
IRS990ScheduleA/OtherIncome509Grp/TotalAmt051962
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94540
IRS990ScheduleA/PublicSupportPY509Pct00.94250
IRS990ScheduleA/PublicSupportTotal509Amt013601163
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03070017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02854499
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02723666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02499104
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02453877
IRS990ScheduleA/Total509Grp/TotalAmt013601163
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03188869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03003456
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02881058
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02724851
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02587852
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014386086
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05133760
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04752482
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09886242
IRS990ScheduleD/EquipmentGrp/BookValueAmt0311190
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0288079
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0599269
IRS990ScheduleD/LandGrp/BookValueAmt0254729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0254729
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0174213
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt142192
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3217220
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4-67446
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5501510
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE & ESCROW ACCOUNTS AND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PAYROLL DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED CHARGES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5FIXED ASSETS- BORROWERS ELECTIVE CAP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-1798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1733393
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2108642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt325080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUES TO HUD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2N.Y.S. FRANSHISE TAX PAY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUES TO UNDERWRITERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05699679
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0871189
IRS990ScheduleD/TotalLiabilityAmt0865317
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 COMPENSATED THE CORPORATION $458,972.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND PROVIDED TO ALL BOARD MEMBERS WHO SUBSEQUENTLY REVIEWED AND APPROVED SUCH DOCUMENT PRIOR TO FINALIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE AT THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS PREPARED WITH THE BEST INFORMATION AVAILABLE AT THE TIME. IF MORE INFORMATION BECOMES AVAILABLE, THE RETURN WILL BE AMENDED IF NECESSARY.
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 IV, LINE 12A:
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 CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1TREMONT VYSE I HOUSING DEVELOPMENT FUND CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0494 EIGHT 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
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0URBAN HOME OWNERSHIP NJ LLC

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