Civic Intelligence

Greater Centennial Homes Housing Development Fund Company Inc

990 • Fiscal year 2011 • EIN 13-2768939

Jul 01, 2010 to Jun 30, 2011 • Filed on May 10, 2012

114 West Fourth Street10550
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$14,028,044

Flat from 2011

Net Assets

Flat

-$76,486

Flat from 2011

Liabilities

Flat

$14,104,530

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$2,358,101

Flat from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $14,423,281Liabilities 2010: $14,201,684Net Assets 2010: $221,5972010Assets 2011: $14,028,044Liabilities 2011: $14,104,530Net Assets 2011: -$76,4862011Assets 2011: $14,028,044Liabilities 2011: $14,104,530Net Assets 2011: -$76,4862011Assets 2012: $13,603,312Liabilities 2012: $14,199,775Net Assets 2012: -$596,4632012Assets 2013: $13,550,067Liabilities 2013: $14,205,375Net Assets 2013: -$655,3082013Assets 2014: $13,352,839Liabilities 2014: $14,110,546Net Assets 2014: -$757,7072014Assets 2015: $13,071,523Liabilities 2015: $13,827,893Net Assets 2015: -$756,3702015Assets 2016: $13,114,378Liabilities 2016: $13,774,375Net Assets 2016: -$659,9972016Assets 2017: $12,340,225Liabilities 2017: $13,482,802Net Assets 2017: -$1,142,5772017Assets 2018: $12,047,531Liabilities 2018: $13,307,459Net Assets 2018: -$1,259,9282018Assets 2019: $11,884,022Liabilities 2019: $13,208,384Net Assets 2019: -$1,324,3622019Assets 2020: $11,657,861Liabilities 2020: $12,970,588Net Assets 2020: -$1,312,7272020Assets 2021: $12,297,356Liabilities 2021: $12,418,512Net Assets 2021: -$121,1562021

Highlighted filing

2011

Assets$14,028,044
Liabilities$14,104,530
Net Assets-$76,486

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,238,9422010Expenses 2011: $2,358,1012011Revenue 2011: $2,060,018Expenses 2011: $2,358,101Net Income 2011: -$298,0832011Expenses 2012: $2,693,6952012Revenue 2013: $3,751,323Expenses 2013: $3,810,168Net Income 2013: -$58,8452013Revenue 2014: $2,463,166Expenses 2014: $2,565,565Net Income 2014: -$102,3992014Revenue 2015: $2,470,709Expenses 2015: $2,469,371Net Income 2015: $1,3382015Revenue 2016: $2,756,011Expenses 2016: $2,659,638Net Income 2016: $96,3732016Revenue 2017: $2,802,952Expenses 2017: $3,285,532Net Income 2017: -$482,5802017Revenue 2018: $2,823,888Expenses 2018: $2,941,239Net Income 2018: -$117,3512018Revenue 2019: $2,864,616Expenses 2019: $2,929,050Net Income 2019: -$64,4342019Revenue 2020: $2,931,205Expenses 2020: $2,919,570Net Income 2020: $11,6352020Revenue 2021: $3,701,165Expenses 2021: $2,509,594Net Income 2021: $1,191,5712021

Highlighted filing

2011

Revenue-
Expenses$2,358,101
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 10, 2012
Return Version
2010v3.4
Gross Receipts
$2,060,018
Mission and Program Overview

Mission

Greater centennial homes housing development fund company, inc., (the "project") was incorporated in july 1981, as a not-for-profit corporation, incorporated under the laws of the state of new york. (for continuation of mission statement - see schedule o). The project is sponsored by the greater centennial a.m.e. Zion church of the city of mount vernon. The principal purpose of the project is to provide housing for low and moderate income families and to demonstrate a continuing commitment to managing and preserving a viable source of quality affordable housing in mt. Vernon.

Filing and Contact Details

Filer

EIN
13-2768939
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANT ONCE THEY MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1THE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2008.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE PROJECT PURCHASES MANAGEMENT SERVICES FROM AN UNRELATED MANAGEMENT SERVICES CORPORATION, THE WAVECREST MANAGEMENT TEAM, LTD.
IRS990ScheduleO/GeneralExplanation/Explanation1GREATER CENTENNIAL HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE MANAGING AGENT, AND BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. THE BOARD OF DIRECTORS HAS THE ULTIMATE AUTHORITY ON THE APPROVAL OF THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation2ANNUALLY, EVERY DIRECTOR, OFFICER, OR COMMITTEE MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. IF A PERSON BELIEVES THAT THEY HAVE A CONFLICT, THEY MUST DISCLOSE ALL THE INFORMATION TO THE DIRECTORS OF THE GOVERNING BOARD. THE GOVERNING BOARD WILL THEN DISCUSS THE POTENTIAL CONFLICT, AND DETERMINE IF ONE EXISTS. ANY CONFLICTS WILL BE RECORDED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation3GREATER CENTENNIAL HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 990 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT 114 WEST FOURTH STREET MOUNT VERNON, NY 10550, OR BY CALLING THE ORGANIZATION DIRECTLY AT (914)-664-1838.
IRS990ScheduleO/GeneralExplanation/Explanation4BOARD MEMBERS OF THE GREATER CENTENNIAL HOMES HDFC ALSO SPEND, ON AVERAGE, UP TO 10 HOURS/WEEK IN SERVICES TO RELATED ORGANIZATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier2AVERAGE HOURS SPENT IN RELATED ORGANIZATIONS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 7, PART VII, SECTION A, COLUMN B:
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10114 WEST FOURTH STREET
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0MOUNT VERNON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0NY
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode010550
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0131915126
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0NY
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10GREATER CENTENNIAL AME ZION CHURCH OF THE CITY OF MT VERNON
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0CHURCH
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus01
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990/School00
IRS990/SignificantChange00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$12.4$0.12$3.70$2.51$1.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$13.0$1.31$2.93$2.92$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$13.2$1.32$2.86$2.93$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$13.3$1.26$2.82$2.94$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$13.5$1.14$2.80$3.29$0.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$13.8$0.66$2.76$2.66$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$13.8$0.76$2.47$2.47$0.00
2014Detailed filing. Detailed filing data is available for this year.$13.4$14.1$0.76$2.46$2.57$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$14.2$0.66$3.75$3.81$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$14.2$0.60$2.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$14.1$0.08$2.36
2011Summary only. Only limited summary data is available for this year.$14.0$14.1$0.08$2.06$2.36$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$14.2$0.22$2.24