Civic Intelligence

353-365 Housing Fund Development Fund Company Inc

EIN 13-2840838 • 501(c)3 • New York, NY

Profile

To provide clean, affordable housing to 80 low-income families in new york, ny

420 Fifth Avenue Ste FL 14New York, NY 10018

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.69x

Higher debt load relative to assets than 59% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

3.66x

Higher debt load relative to revenue than 63% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Net Margin

72nd percentile

29%

Higher net margin than 72% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$120,507

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

NTEE L • $10M-$25M nonprofits • Source year 2024

Asset Growth

79th percentile

10%

Faster asset growth than 79% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$16,262,429

Up $1,544,516 (+10%) from 2023

Liabilities

Up

$11,193,932

Up $754,677 (+7.2%) from 2023

Net Assets

Up

$5,068,497

Up $789,839 (+18%) from 2023

Revenue

Up

$3,061,187

Up $462,614 (+18%) from 2023

Expenses

Down

$2,163,322

Down $94,882 (-4.2%) from 2023

Net Income

Up

$897,865

Up $557,496 (+164%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2017: $2,797,017Liabilities 2017: $4,177,988Net Assets 2017: -$1,380,9712017Assets 2018: $2,711,271Liabilities 2018: $3,948,250Net Assets 2018: -$1,236,9792018Assets 2019: $2,351,262Liabilities 2019: $3,484,823Net Assets 2019: -$1,133,5612019Assets 2020: $5,758,630Liabilities 2020: $3,763,697Net Assets 2020: $1,994,9332020Assets 2021: $6,897,601Liabilities 2021: $3,723,230Net Assets 2021: $3,174,3712021Assets 2022: $7,712,330Liabilities 2022: $3,774,041Net Assets 2022: $3,938,2892022Assets 2023: $14,717,913Liabilities 2023: $10,439,255Net Assets 2023: $4,278,6582023Assets 2024: $16,262,429Liabilities 2024: $11,193,932Net Assets 2024: $5,068,4972024

Highlighted filing

2024

Assets$16,262,429
Liabilities$11,193,932
Net Assets$5,068,497

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2017: $1,391,493Expenses 2017: $1,101,834Net Income 2017: $289,6592017Revenue 2018: $1,355,253Expenses 2018: $1,211,261Net Income 2018: $143,9922018Revenue 2019: $1,287,067Expenses 2019: $1,183,649Net Income 2019: $103,4182019Revenue 2020: $4,882,497Expenses 2020: $1,754,003Net Income 2020: $3,128,4942020Revenue 2021: $2,476,438Expenses 2021: $1,297,000Net Income 2021: $1,179,4382021Revenue 2022: $2,398,991Expenses 2022: $1,575,073Net Income 2022: $823,9182022Revenue 2023: $2,598,573Expenses 2023: $2,258,204Net Income 2023: $340,3692023Revenue 2024: $3,061,187Expenses 2024: $2,163,322Net Income 2024: $897,8652024

Highlighted filing

2024

Revenue$3,061,187
Expenses$2,163,322
Net Income$897,865

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$3,061,187
Mission and Program Overview

Mission

To provide clean, affordable housing to 80 low-income families in new york, ny

To provide clean, affordable housing to 70 low-income families in new york, ny

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,063,503$13,017,462▲ $11,953,959
Rtn Earn Endowment Incm Other Fnds$3,938,289$5,068,497▲ $1,130,208
Land, Buildings, and Equipment, Net$1,298,210$1,543,752▲ $245,542
Accounts Receivable$89,363$511,052▲ $421,689
Prepaid Expenses and Deferred Charges$51,791$169,037▲ $117,246
Cash and Non-Interest-Bearing Accounts$150--
Total Assets$7,712,330$16,262,429▲ $8,550,099
Other Assets Total$5,209,313$1,021,126▼ $4,188,187
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,166,094$10,530,150▲ $7,364,056
Accounts Payable and Accrued Expenses$547,258$604,691▲ $57,433
Deferred Revenue$21,099$32,761▲ $11,662
Other Liabilities$39,590$26,330▼ $13,260
Total Liabilities$3,774,041$11,193,932▲ $7,419,891
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,938,289$5,068,497▲ $1,130,208
Total Liabilities and Net Assets / Fund Balance$7,712,330$16,262,429▲ $8,550,099

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$988,313$2,380,379$3,368,692
Equipment$509,215$793,460$1,302,675
Land$46,224-$46,224
Other Assets Org$2,427--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Paul MoorePresident$120,507$120,507
Nestor OliverV President$116,000$116,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,061,157
Investment Income
$0
Other Revenue
$30
Change in Net Assets
$897,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,163,322
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
Interest$801,378--$801,378
Fees for Services Management$321,015$66,654-$387,669
All Other Expenses$255,619$101,784-$357,403
Fees for Services Accounting-$36,360-$36,360
Other Expenses$73,742$34,601-$34,601
Office Expenses-$28,048-$28,048
Occupancy$27,600--$27,600
Fees for Services Legal-$12,974-$12,974
Total Functional Expenses$1,882,901$280,421$0$2,163,322
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
Tenant Security Deposits$26,330
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Management duties delegation Part VI 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 $260,292.

Form 990 governing body review Part VI line 11

The organization is undergoing financial statement audit, however, as of filing of this tax return, the audit has not been finalized. If after finalizing significant differences arise, this tax return will be amended.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest declarations are filled out on an annual basis by the officers and board members. The declarations are then reviewed by the board of directors.

Governing documents etc available to public Part VI line 19

All documents are available at the management office.

Filing and Contact Details

Filer

Filer Name
353-365 Housing Fund Development Fund Company Inc
EIN
13-2840838
Address
420 FIFTH AVENUE STE FL 14, New York, NY 10018

Signing Officer

Name
Paul Moore
Title
President
Phone
2125630310
Signed
2025-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Paul Moore
Formed
1975
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
0

Preparer

Firm
MA Accounting Professionals LLC
Address
140 Hepburn Rd Unit 18H, Clifton, NJ 07012
Preparer
Mahmoud Khalifa CPA
Phone
5519998888
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Electricity $14,350Fuel Oil/Coal $157,830Gas $528Water $282,911

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0130646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0374442
IRS990ScheduleA/InvestmentIncomeCYPct00.04000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.96170
IRS990ScheduleA/PublicSupportPY509Pct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01874755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01874755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01849462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01728031
IRS990ScheduleA/Total509Grp/TotalAmt09389482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02062479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01874755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01993976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01974037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01858677
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09763924
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0988313
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02380379
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03368692
IRS990ScheduleD/EquipmentGrp/BookValueAmt0509215
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0793460
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01302675
IRS990ScheduleD/LandGrp/BookValueAmt046224
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt046224
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0200930
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1721486
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt426330
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt52427
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW ACCOUNTSHUD REQUIRED RESERV
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFFERED FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5MISC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01543752
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01021126
IRS990ScheduleD/TotalLiabilityAmt026330
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 $260,292.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS UNDERGOING FINANCIAL STATEMENT AUDIT, HOWEVER, AS OF FILING OF THIS TAX RETURN, THE AUDIT HAS NOT BEEN FINALIZED. IF AFTER FINALIZING SIGNIFICANT DIFFERENCES ARISE, THIS TAX RETURN WILL BE AMENDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST DECLARATIONS ARE FILLED OUT ON AN ANNUAL BASIS BY THE OFFICERS AND BOARD MEMBERS. THE DECLARATIONS ARE THEN REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE AT THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Electricity $14,350Fuel Oil/Coal $157,830Gas $528Water $282,911
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt016262429
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IRS990/TotalAssetsGrp/EOYAmt016262429
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0280421
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01882901
IRS990/TotalFunctionalExpensesGrp/TotalAmt02163322
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03774041
IRS990/TotalLiabilitiesEOYAmt011193932
IRS990/TotalLiabilitiesGrp/BOYAmt03774041
IRS990/TotalLiabilitiesGrp/EOYAmt011193932
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03938289
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05068497
IRS990/TotalOtherCompensationAmt012507
IRS990/TotalProgramServiceExpensesAmt01882901
IRS990/TotalProgramServiceRevenueAmt03061157
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03061187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03061187
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07712330
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016262429
IRS990/TotReportableCompRltdOrgAmt0224000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL MOORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125630310
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0353-365 HOUSING FUND DEVELOPMENT FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0353-
ReturnHeader/Filer/EIN0132840838
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 FIFTH AVENUE STE FL 14
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010018
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832376525
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MA Accounting Professionals LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0140 Hepburn Rd Unit 18H
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clifton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007012
ReturnHeader/PreparerPersonGrp/PhoneNum05519998888
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mahmoud Khalifa CPA
ReturnHeader/ReturnTs02025-05-16T02:16:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30

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