Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Greater Centennial Homes Housing Development Fund Company Inc
990 • Fiscal year 2013 • EIN 13-2768939
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.05x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
29th percentile
Higher net margin than 29% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
85th percentile
Faster revenue growth than 85% of similar nonprofits.
Balance Sheet
Assets
Down$13,550,067
Down $53,245 (-0.4%) from 2012
Net Assets
Down-$655,308
Down $58,845 (-9.9%) from 2012
Liabilities
Up$14,205,375
Up $5,600 (+0.0%) from 2012
Revenue And Expenses
Revenue
$3,751,323
No earlier filing loaded for comparison.
Expenses
Up$3,810,168
Up $1,116,473 (+41%) from 2012
Net Income
-$58,845
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2012 to Jun 30, 2013
- Signed
- May 8, 2014
- Return Version
- 2012v2.1
- Gross Receipts
- $3,751,323
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
Raw XML AppendixShowing 400 of 442 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/MissionDescription | 0 | 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 COMMITTMENT TO MANAGING AND PRESERVING A VIABLE SOURCE OF QUALITY AFFORDABLE HOUSING IN MT. VERNON. |
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | THE 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/Form990ScheduleDPartXIII/Explanation | 1 | THE 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, 2010. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 1 | PART X, LINE 2: |
| IRS990ScheduleD/IncludedOnFS | 0 | 1 |
| IRS990ScheduleD/Land/BookValue | 0 | 111740 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 111740 |
| IRS990ScheduleD/OtherLandBuildings/BookValue | 0 | 45000 |
| IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis | 0 | 45000 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 3751323 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 3810168 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 12594919 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 3751323 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 3810168 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 3751323 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE PROJECT PURCHASES MANAGEMENT SERVICES FROM AN UNRELATED MANAGEMENT SERVICES CORPORATION, THE WAVECREST MANAGEMENT TEAM, LTD. THE WAVECREST MANAGEMENT TEAM, LTD., AS AN AGENT FOR GREATER CENTENNIAL HOMES HDFC PROVIDES THE FOLLOWING SERVICES: MANAGES, RENTS, LEASES AND OPERATES THE PROPERTY HELD BY THE PROJECT. NO CURRENT OR FORMER OFFICER, DIRECTOR, OR KEY EMPLOYEE WERE COMPENSATED BY THE MANAGEMENT COMPANY DURING THE 2012 CALENDAR YEAR. THE MANAGEMENT COMPANY WAS PAID $119,720 FOR SERVICES DURING FISCAL YEAR 2013. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | GREATER 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/Explanation | 2 | ANNUALLY, 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/Explanation | 3 | GREATER 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, GOVERNING DOCUMENTS, 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/Explanation | 4 | THE 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/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART XII, LINE 2C: |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | NY |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | NY |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 8714 116TH STREET |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | RICHMOND HILL |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | NY |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 11418 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | THE WAVECREST MANAGEMENT TEAM LTD |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 7184631200 |
| IRS990/TotalAssets/BOY | 0 | 13603312 |
| IRS990/TotalAssetsBOY | 0 | 13603312 |
| IRS990/TotalAssets/EOY | 0 | 13550067 |
| IRS990/TotalAssetsEOY | 0 | 13550067 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalContributions | 0 | 20000 |
| IRS990/TotalExpensesCurrentYear | 0 | 3810168 |
| IRS990/TotalExpensesPriorYear | 0 | 2693695 |
| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 0 |
| IRS990/TotalFunctionalExpenses/ManagementAndGeneral | 0 | 447735 |
| IRS990/TotalFunctionalExpenses/ProgramServices | 0 | 3362433 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 3810168 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 0 |
| IRS990/TotalLiabilities/BOY | 0 | 14199775 |
| IRS990/TotalLiabilitiesBOY | 0 | 14199775 |
| IRS990/TotalLiabilities/EOY | 0 | 14205375 |
| IRS990/TotalLiabilitiesEOY | 0 | 14205375 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 13603312 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 13550067 |
| IRS990/TotalNbrEmployees | 0 | 12 |
| IRS990/TotalNbrVolunteers | 0 | 5 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | -596463 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | -655308 |
| IRS990/TotalOtherCompensation | 0 | 0 |
| IRS990/TotalOtherRevenue | 0 | 1306717 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceExpense | 0 | 3362433 |
| IRS990/TotalProgramServiceRevenue | 0 | 2424606 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 0 |
| IRS990/TotalRevenueCurrentYear | 0 | 3751323 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 1306717 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $13,550,067
- Liabilities
- $14,205,375
- Net assets
- -$655,308
- Revenue
- $3,751,323
- Expenses
- $3,810,168
- Net income
- -$58,845