Civic Intelligence

Clinton Housing Development Company

EIN 13-2851988 • 501(c)3 • New York, NY

Profile

To develop, manage and maintain, on a non-profit basis, housing projects for persons of low income.

403 West 40th StreetNew York, NY 10018
Siviq Scores

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

Liabilities / Assets

81st percentile

0.73x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.66x

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

42nd percentile

1.9%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

20th percentile

-1.5%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

45th percentile

5.2%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Assets

Down

$129,252,491

Down $4,001,372 (-3.0%) from 2022

Liabilities

Down

$94,436,213

Down $230,506 (-0.2%) from 2022

Net Assets

Down

$34,816,278

Down $3,770,866 (-9.8%) from 2022

Revenue

Up

$7,459,516

Up $723,443 (+11%) from 2022

Expenses

Up

$7,314,377

Up $512,743 (+7.5%) from 2022

Net Income

Up

$145,139

Up $210,700 (+321%) from 2022

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $895,991Liabilities 2010: $834,572Net Assets 2010: $61,4192010Assets 2011: $1,262,617Liabilities 2011: $973,256Net Assets 2011: $289,3612011Assets 2012: $1,644,321Liabilities 2012: $1,023,838Net Assets 2012: $620,4832012Assets 2013: $1,832,515Liabilities 2013: $919,813Net Assets 2013: $912,7022013Assets 2014: $3,428,739Liabilities 2014: $2,466,705Net Assets 2014: $962,0342014Assets 2015: $107,422,120Liabilities 2015: $66,792,300Net Assets 2015: $40,629,8202015Assets 2016: $107,810,674Liabilities 2016: $66,979,740Net Assets 2016: $40,830,9342016Assets 2017: $120,288,526Liabilities 2017: $78,955,232Net Assets 2017: $41,333,2942017Assets 2018: $145,867,825Liabilities 2018: $100,804,599Net Assets 2018: $45,063,2262018Assets 2019: $133,848,540Liabilities 2019: $96,411,777Net Assets 2019: $37,436,7632019Assets 2020: $135,780,327Liabilities 2020: $95,828,498Net Assets 2020: $39,951,8292020Assets 2021: $134,510,863Liabilities 2021: $95,858,158Net Assets 2021: $38,652,7052021Assets 2022: $133,253,863Liabilities 2022: $94,666,719Net Assets 2022: $38,587,1442022Assets 2024: $129,252,491Liabilities 2024: $94,436,213Net Assets 2024: $34,816,2782024

Highlighted filing

2024

Assets$129,252,491
Liabilities$94,436,213
Net Assets$34,816,278

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2010: $2,103,708Expenses 2010: $2,010,590Net Income 2010: $93,1182010Expenses 2011: $1,747,0362011Expenses 2012: $1,956,5522012Revenue 2013: $2,617,524Expenses 2013: $2,325,305Net Income 2013: $292,2192013Revenue 2014: $2,463,728Expenses 2014: $2,414,396Net Income 2014: $49,3322014Revenue 2015: $42,461,593Expenses 2015: $2,483,568Net Income 2015: $39,978,0252015Revenue 2016: $3,082,174Expenses 2016: $2,687,382Net Income 2016: $394,7922016Revenue 2017: $3,274,193Expenses 2017: $2,771,833Net Income 2017: $502,3602017Revenue 2018: $6,618,048Expenses 2018: $2,888,116Net Income 2018: $3,729,9322018Revenue 2019: $4,128,031Expenses 2019: $3,841,541Net Income 2019: $286,4902019Revenue 2020: $7,899,179Expenses 2020: $5,384,113Net Income 2020: $2,515,0662020Revenue 2021: $6,549,752Expenses 2021: $6,373,956Net Income 2021: $175,7962021Revenue 2022: $6,736,073Expenses 2022: $6,801,634Net Income 2022: -$65,5612022Revenue 2024: $7,459,516Expenses 2024: $7,314,377Net Income 2024: $145,1392024

Highlighted filing

2024

Revenue$7,459,516
Expenses$7,314,377
Net Income$145,139

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$129$94.4$34.8$7.46$7.31$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$133$94.7$38.6$6.74$6.80$0.07
2021Detailed filing. Detailed filing data is available for this year.$135$95.9$38.7$6.55$6.37$0.18
2020Detailed filing. Detailed filing data is available for this year.$136$95.8$40.0$7.90$5.38$2.52
2019Detailed filing. Detailed filing data is available for this year.$134$96.4$37.4$4.13$3.84$0.29
2018Detailed filing. Detailed filing data is available for this year.$146$101$45.1$6.62$2.89$3.73
2017Detailed filing. Detailed filing data is available for this year.$120$79.0$41.3$3.27$2.77$0.50
2016Detailed filing. Detailed filing data is available for this year.$108$67.0$40.8$3.08$2.69$0.39
2015Detailed filing. Detailed filing data is available for this year.$107$66.8$40.6$42.5$2.48$40.0
2014Detailed filing. Detailed filing data is available for this year.$3.43$2.47$0.96$2.46$2.41$0.05
2013Summary only. Only limited summary data is available for this year.$1.83$0.92$0.91$2.62$2.33$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$1.02$0.62$1.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.97$0.29$1.75
2010Summary only. Only limited summary data is available for this year.$0.90$0.83$0.06$2.10$2.01$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$7,459,516
Mission and Program Overview

Mission

To develop, manage and maintain, on a non-profit basis, housing projects for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$118,792,993$117,374,044▼ $1,418,949
Accounts Receivable$492,737$1,038,580▲ $545,843
Cash and Non-Interest-Bearing Accounts$595,939$633,744▲ $37,805
Savings and Temporary Cash Investments$512,214$547,287▲ $35,073
Prepaid Expenses and Deferred Charges$38,014$75,980▲ $37,966
Total Assets$132,049,573$129,252,491▼ $2,797,082
Other Assets Total$11,617,676$9,582,856▼ $2,034,820
Liabilities
Other Liabilities$93,512,850$93,312,407▼ $200,443
Accounts Payable and Accrued Expenses$864,759$1,123,806▲ $259,047
Total Liabilities$94,377,609$94,436,213▲ $58,604
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,671,964$34,816,278▼ $2,855,686
Total Net Assets Fund Balance$37,671,964$34,816,278▼ $2,855,686
Total Liabilities and Net Assets / Fund Balance$132,049,573$129,252,491▼ $2,797,082

Asset Categories

AssetBook ValueDepreciationBasis
Land$65,000,001-$65,000,001
Other Assets Org$4,875--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe RestucciaExec. DirectorFT$216,989$216,989

Board Members and Trustees

NameTitle
Daniel HenkelPresident
Alan GreenMember
Luz MonjeMember
Rachelle PereiraMember
Travis RodgersMember
Peter RiderSecretary
Carmen MatiasTreasurer
Alexis AudetteVice-presien
Revenue and Support

Revenue Composition

Contributions and Grants
$2,339,308
Program Service Revenue
$4,963,136
Investment Income
$116,268
Other Revenue
$40,804
All Other Contributions
$999,883
Change in Net Assets
$145,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,680,719
Salaries, Compensation, and Employee Benefits$2,633,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,677,636$370,321-$2,047,957
Depreciation Depletion$1,550,491$6,414-$1,556,905
Interest$869,527--$869,527
Fees for Services Other$92,296$422,555-$514,851
Insurance$239,669$17,425-$257,094
Payroll Taxes$193,267$49,000-$242,267
Current Officers, Directors, Trustees, and Key Employees$174,918$42,071-$216,989
Occupancy$197,265$17,740-$215,005
Office Expenses$126,775$42,259-$169,034
Other Expenses$161,758$144,277-$144,277
Other Employee Benefits$100,871$25,574-$126,445
All Other Expenses$58,733--$58,733
Fees for Services Legal-$36,882-$36,882
Fees for Services Accounting-$15,000-$15,000
Total Functional Expenses$5,875,881$1,438,496$0$7,314,377
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
Enforcement Note$91,764,136
Restricted Reserves$1,000,985
Tenant Security Deposits$547,286
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed and signed by executive director

Form 990, Page 6, Part VI, Line 12C

Through the course of business

Form 990, Page 6, Part VI, Line 15A

The exectutive director's salary is calculated using average salary statistics from the local area for the position and organizational size in the current year. It is then approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Other officer's salaries is calculated using average salary statistics from the local area for the position and organizational size in the current year. It is then approved by the executive director and the board of directors.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST

Filing and Contact Details

Filer

Filer Name
Clinton Housing Development Company
EIN
13-2851988
Phone
2129671644
Address
403 WEST 40TH STREET, NEW YORK, NY 10018

Signing Officer

Name
Joe Restuccia
Title
Exec. Director
Phone
2129671644
Signed
2025-11-11

Organization Details

Principal Officer
Joe Restuccia
Voting Board Members
9
Independent Board Members
8
Employees
157

Preparer

Firm
VARGAS & RIVERA CPA'S LLP
Address
586 ROUTE 304, NEW CITY, NY 10956
Preparer
Theodore Vargas
Phone
8456383113
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Nat asset transfer affiliates -3,204,965

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IRS990/ProgramServiceRevenueGrp/Desc1NET LEASES
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IRS990/ProgramServiceRevenueGrp/Desc3PARTNERSHIP MGMT FEES
IRS990/ProgramServiceRevenueGrp/Desc4REPAIRS & MAINT. FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1915667
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2793467
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3178084
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1915667
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IRS990/PYContributionsGrantsAmt01320156
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IRS990/PYTotalExpensesAmt07073755
IRS990/PYTotalRevenueAmt06158575
IRS990/ReconcilationRevenueExpnssAmt0145139
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IRS990/RelatedEntityInd0true
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01320156
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02021351
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01864040
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01211998
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08756853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05120208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04838419
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04714722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04685712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06687181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026046242
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06549752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07899179
IRS990ScheduleA/Total509Grp/TotalAmt034803095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07459516
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06549752
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt034803095
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IRS990ScheduleD/LandGrp/BookValueAmt065000001
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065000001
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05012623
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12783278
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21300231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3481849
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt44875
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4UTILITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091764136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11000985
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2547286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ENFORCEMENT NOTE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESTRICTED RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt09582856
IRS990ScheduleD/TotalLiabilityAmt093312407
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0216989
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOE RESTUCCIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC. DIR.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0216989
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED AND SIGNED BY EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THROUGH THE COURSE OF BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECTUTIVE DIRECTOR'S SALARY IS CALCULATED USING AVERAGE SALARY STATISTICS FROM THE LOCAL AREA FOR THE POSITION AND ORGANIZATIONAL SIZE IN THE CURRENT YEAR. IT IS THEN APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER OFFICER'S SALARIES IS CALCULATED USING AVERAGE SALARY STATISTICS FROM THE LOCAL AREA FOR THE POSITION AND ORGANIZATIONAL SIZE IN THE CURRENT YEAR. IT IS THEN APPROVED BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NAT ASSET TRANSFER AFFILIATES -3,204,965
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd7N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN4260261172
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN6134017849
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN7320000742
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4NY
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd6NY
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt6ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt7ADMIN.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CLINTON 10TH INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1CLINTON 30TH INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2CLINTON SOUTH SRO INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3CLINTON 40TH INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4CLINTON 42ND INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5CLINTON NORTH SRO INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt6CLINTON 52ND INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt7CLINTON 53RD INC

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