Civic Intelligence

Thorpe Housing Development Fund Company Inc.

990 • Fiscal year 2023 • EIN 13-2986206

Oct 01, 2022 to Sep 30, 2023 • Filed on Dec 22, 2023

Organization ProfileN/A

View Organization Page

6 Thorpe DriveSparkhill, NY 10976

(845) 359-0454

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.64x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

3.23x

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

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Net Margin

12th percentile

-39%

Higher net margin than 12% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-17%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$19,901,754

Down $2,229,948 (-10%) from 2022

Net Assets

Down

$7,101,521

Down $1,538,132 (-18%) from 2022

Liabilities

Down

$12,800,233

Down $691,816 (-5.1%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin12th percentile

Revenue

Down

$3,957,841

Down $813,985 (-17%) from 2022

Expenses

Up

$5,495,973

Up $2,198,518 (+67%) from 2022

Net Income

Down

-$1,538,132

Down $3,012,503 (-204%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $13,125,911Liabilities 2010: $5,135,754Net Assets 2010: $7,990,1572010Assets 2011: $13,123,462Liabilities 2011: $4,830,794Net Assets 2011: $8,292,6682011Assets 2012: $13,041,619Liabilities 2012: $4,510,510Net Assets 2012: $8,531,1092012Assets 2013: $12,818,136Liabilities 2013: $4,244,622Net Assets 2013: $8,573,5142013Assets 2014: $13,006,506Liabilities 2014: $4,122,877Net Assets 2014: $8,883,6292014Assets 2015: $9,664,623Liabilities 2015: $807,023Net Assets 2015: $8,857,6002015Assets 2016: $22,104,612Liabilities 2016: $12,722,615Net Assets 2016: $9,381,9972016Assets 2017: $23,504,922Liabilities 2017: $14,360,282Net Assets 2017: $9,144,6402017Assets 2018: $22,858,150Liabilities 2018: $14,205,389Net Assets 2018: $8,652,7612018Assets 2019: $22,072,904Liabilities 2019: $13,972,279Net Assets 2019: $8,100,6252019Assets 2020: $21,561,109Liabilities 2020: $13,848,451Net Assets 2020: $7,712,6582020Assets 2021: $20,747,305Liabilities 2021: $13,560,316Net Assets 2021: $7,186,9892021Assets 2022: $22,131,702Liabilities 2022: $13,492,049Net Assets 2022: $8,639,6532022Assets 2023: $19,901,754Liabilities 2023: $12,800,233Net Assets 2023: $7,101,5212023Assets 2024: $14,774,881Liabilities 2024: $22,159,127Net Assets 2024: -$7,384,2462024

Highlighted filing

2023

Assets$19,901,754
Liabilities$12,800,233
Net Assets$7,101,521
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

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

$20M$10M$0-$10M-$20MExpenses 2010: $2,366,7242010Expenses 2011: $2,502,9102011Expenses 2012: $2,424,2882012Revenue 2013: $2,670,298Expenses 2013: $2,474,737Net Income 2013: $195,5612013Revenue 2014: $2,774,132Expenses 2014: $2,413,907Net Income 2014: $360,2252014Revenue 2015: $2,596,278Expenses 2015: $2,570,842Net Income 2015: $25,4362015Revenue 2016: $2,655,047Expenses 2016: $2,311,015Net Income 2016: $344,0322016Revenue 2017: $2,720,068Expenses 2017: $3,009,175Net Income 2017: -$289,1072017Revenue 2018: $2,725,218Expenses 2018: $3,217,095Net Income 2018: -$491,8772018Revenue 2019: $2,729,045Expenses 2019: $3,281,181Net Income 2019: -$552,1362019Revenue 2020: $2,782,772Expenses 2020: $3,170,739Net Income 2020: -$387,9672020Revenue 2021: $2,773,696Expenses 2021: $3,299,365Net Income 2021: -$525,6692021Revenue 2022: $4,771,826Expenses 2022: $3,297,455Net Income 2022: $1,474,3712022Revenue 2023: $3,957,841Expenses 2023: $5,495,973Net Income 2023: -$1,538,1322023Revenue 2024: $4,032,178Expenses 2024: $18,517,945Net Income 2024: -$14,485,7672024

Highlighted filing

2023

Revenue$3,957,841
Expenses$5,495,973
Net Income-$1,538,132
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Dec 22, 2023
Return Version
2022v5.0
Gross Receipts
$3,957,841
Mission and Program Overview

Mission

To provide affordable residential housing to low-income senior citizens and handicapped under section 202 of the housing act of 1959.

To provide affordable residential housing to low-income senior citizens and handicapped under section 221(d)(4) of the housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,115,282$13,606,634▼ $508,648
Savings and Temporary Cash Investments-$711,048-
Intangible Assets$601,065--
Cash and Non-Interest-Bearing Accounts$22,430$508,338▲ $485,908
Prepaid Expenses and Deferred Charges$211,527$252,366▲ $40,839
Accounts Receivable$2,260,153$107,686▼ $2,152,467
Total Assets$22,131,702$19,901,754▼ $2,229,948
Other Assets Total$4,921,245$4,715,682▼ $205,563
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,275,413$12,507,590▼ $767,823
Accounts Payable and Accrued Expenses$73,265$194,772▲ $121,507
Other Liabilities$143,371$95,768▼ $47,603
Deferred Revenue-$2,103-
Total Liabilities$13,492,049$12,800,233▼ $691,816
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,639,653$7,101,521▼ $1,538,132
Total Net Assets Fund Balance$8,639,653$7,101,521▼ $1,538,132
Total Liabilities and Net Assets / Fund Balance$22,131,702$19,901,754▼ $2,229,948

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,158,559$16,437,685$29,596,244
Equipment$64,537$559,996$624,533
Other Land Buildings$63,624$438,202$501,826
Land$319,914-$319,914
Other Assets Org$2,874,438--
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
Sr Eileen GannonPresident
Sr Mary DunningVice President
Matthew JaneczkoExecutive Director
Brian SpillaneMember
Mary Anne EvangelistMember
Mary LoftusMember
Nancy QuinnMember
Sr Aileen DonovanMember
Sr Lesley BlockSecretary
Sr Maryann SummaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,821,297
Investment Income
$97,628
Other Revenue
$38,916
Change in Net Assets
$-1,538,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,957,841
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,957,841
Total Revenue per Form 990
$3,957,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,795,476
Grants and Similar Amounts Paid$1,999,994
Salaries, Compensation, and Employee Benefits$700,503
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,999,994--$1,999,994
Depreciation Depletion$666,810--$666,810
Interest$526,067--$526,067
Other Salaries and Wages$294,622$188,722-$483,344
Fees for Services Management-$344,555-$344,555
Insurance$289,304--$289,304
All Other Expenses$67,394$121,906-$189,300
Other Employee Benefits$175,048--$175,048
Occupancy$166,182--$166,182
Other Expenses$108,880$91,460-$91,460
Payroll Taxes$42,111--$42,111
Fees for Services Accounting-$33,540-$33,540
Office Expenses-$22,407-$22,407
Fees for Services Legal-$14,319-$14,319
Total Functional Expenses$4,679,064$816,909$0$5,495,973

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,495,973
Total Expenses per Audited Statements$5,495,973
Total Expenses per Form 990$5,495,973
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Scope Housing Development LLCStaten Island, NY-To Assist in the Construction of a New Low Income Housing Project.$1,996,994
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 Deposit Payable$95,768
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The board of directors must approve the federal tax form 990 and the related state tax filings after it has received a formal presentation by the outside independent auditors and accountants regarding these filings in an annual board meeting.”

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

“Line 11b explanation - the board of directors must approve the federal tax form 990 and the related state tax filings after it has received a formal presentation by the outside independent auditors and accountants regarding these filings in an annual board meeting.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is renewed annually with all officers of the organization. Potential conflicts are brought to the executive committee for review and officers found to have conflict of interest are asked to resign or abstain from involvement in all related projects.”

Form 990, Part VI, Section B, Line 15

“Decision regarding compensation is based on the recommendation of an independent committee that considers performance, scope of responsibilities, and salary compensation for similar positions. Final approval for ceo compensation must be approved by the entire board of directors.”

Form 990, Part VI, Section C, Line 19

“After approval of the financial statements by the board of directors on an annual basis, the organization makes available all governance documents, policy statements, financial statements and tax returns to the public, upon written request. The organization also timly files its annual char 500 report with the nys attorney general and all of its filings are made available through the nysoag charities website.”

Filing and Contact Details

Filer

Filer Name
Thorpe Housing Development Fund Company
EIN
13-2986206
Phone
8453590454
Address
6 THORPE DRIVE, SPARKHILL, NY 10976

Signing Officer

Name
Matthew Janeczko
Title
Executive Director
Phone
8453590454
Signed
2023-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Janeczko
Formed
1978
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573
Preparer
JAMES R D'ARCANGELO
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes under section 501(c)(3) of the code. Being a nonstock corporation not organized for profit, the corporation is exempt from new york state franchise taxes. Accounting principles generally accepted in the united states of america require evaluation of the tax positions taken or expected to be taken in the course of preparing the corporation's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes any such positions would be immaterial to the overall financial statements. The corporation's federal and state tax returns remain subject to examination by the relevant taxing authorities for a period of three years from when they are filed.”

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt01463
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01463
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING TO LOW-INCOME SENIOR CITIZENS AND HANDICAPPED UNDER SECTION 221(D)(4) OF THE HOUSING ACT OF 1959.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013275413
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012507590
IRS990/NetAssetsOrFundBalancesBOYAmt08639653
IRS990/NetAssetsOrFundBalancesEOYAmt07101521
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08639653
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07101521
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0166182
IRS990/OccupancyGrp/TotalAmt0166182
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022407
IRS990/OfficeExpensesGrp/TotalAmt022407
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04921245
IRS990/OtherAssetsTotalGrp/EOYAmt04715682
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0175048
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0175048
IRS990/OtherExpensesGrp/Desc0REPAIRS, MAINTENANCE AN
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2GROUNDS & SECURITY CONT
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt091460
IRS990/OtherExpensesGrp/ProgramServicesAmt0174553
IRS990/OtherExpensesGrp/ProgramServicesAmt1168099
IRS990/OtherExpensesGrp/ProgramServicesAmt2108880
IRS990/OtherExpensesGrp/TotalAmt0174553
IRS990/OtherExpensesGrp/TotalAmt1168099
IRS990/OtherExpensesGrp/TotalAmt2108880
IRS990/OtherExpensesGrp/TotalAmt391460
IRS990/OtherLiabilitiesGrp/BOYAmt0143371
IRS990/OtherLiabilitiesGrp/EOYAmt095768
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISC. INCOME
IRS990/OtherRevenueMiscGrp/Desc2OFFICE RENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt023924
IRS990/OtherRevenueMiscGrp/ExclusionAmt18649
IRS990/OtherRevenueMiscGrp/ExclusionAmt24880
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt023924
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18649
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt24880
IRS990/OtherRevenueTotalAmt038916
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0188722
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0294622
IRS990/OtherSalariesAndWagesGrp/TotalAmt0483344
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt042111
IRS990/PayrollTaxesGrp/TotalAmt042111
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0211527
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0252366
IRS990/PrincipalOfficerNm0MATTHEW JANECZKO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1AFFORDABLE HOUSING REN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02740162
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11081135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02740162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11081135
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03749237
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04774
IRS990/PYOtherExpensesAmt02648766
IRS990/PYOtherRevenueAmt05495
IRS990/PYProgramServiceRevenueAmt01012320
IRS990/PYRevenuesLessExpensesAmt01474426
IRS990/PYSalariesCompEmpBnftPaidAmt0648634
IRS990/PYTotalExpensesAmt03297400
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04771826
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1538132
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03821297
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0711048
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01999994
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03749237
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01698795
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01718218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01701735
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010867979
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt097628
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021170
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013009
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0139638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01012320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01034986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01035466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01005956
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04088728
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt097628
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013009
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0139638
IRS990ScheduleA/InvestmentIncomeCYPct00.00920
IRS990ScheduleA/InvestmentIncomePYPct00.00300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt038916
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05495
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt036858
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07918
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08345
IRS990ScheduleA/OtherIncome509Grp/TotalAmt097532
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98440
IRS990ScheduleA/PublicSupportPY509Pct00.99270
IRS990ScheduleA/PublicSupportTotal509Amt014956707
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01999994
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04761557
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02733781
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02753684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02707691
IRS990ScheduleA/Total509Grp/TotalAmt014956707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02136538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04771826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02773696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02782772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02729045
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015193877
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt013158559
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016437685
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt029596244
IRS990ScheduleD/EquipmentGrp/BookValueAmt064537
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0559996
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0624533
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05495973
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0319914
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0319914
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095768
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1280860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21464616
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32874438
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OPERATING RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt063624
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0438202
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0501826
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt095768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03957841
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE. BEING A NONSTOCK CORPORATION NOT ORGANIZED FOR PROFIT, THE CORPORATION IS EXEMPT FROM NEW YORK STATE FRANCHISE TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE EVALUATION OF THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CORPORATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT SUSTAINABLE UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE TAX POSITIONS, AND THEN RECOGNIZING THE TAX BENEFIT THAT IS MORE LIKELY THAN NOT REALIZABLE. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT REPORTING PERIOD. MANAGEMENT BELIEVES ANY SUCH POSITIONS WOULD BE IMMATERIAL TO THE OVERALL FINANCIAL STATEMENTS. THE CORPORATION'S FEDERAL AND STATE TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM WHEN THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013606634
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04715682
IRS990ScheduleD/TotalExpensesPerForm990Amt05495973
IRS990ScheduleD/TotalLiabilityAmt095768
IRS990ScheduleD/TotalRevenuePerForm990Amt03957841
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03957841
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05495973
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01996994
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST IN THE CONSTRUCTION OF A NEW LOW INCOME HOUSING PROJECT.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SCOPE HOUSING DEVELOPMENT LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0922820288
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0150 BRIELLE AVENUE

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,901,754
Liabilities
$12,800,233
Net assets
$7,101,521
Revenue
$3,957,841
Expenses
$5,495,973
Net income
-$1,538,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.8$22.2$7.38$4.03$18.5$14.5
2023Detailed filing. Detailed filing data is available for this year.$19.9$12.8$7.10$3.96$5.50$1.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$13.5$8.64$4.77$3.30$1.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$13.6$7.19$2.77$3.30$0.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$13.8$7.71$2.78$3.17$0.39
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$14.0$8.10$2.73$3.28$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$14.2$8.65$2.73$3.22$0.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$14.4$9.14$2.72$3.01$0.29
2016Detailed filing. Detailed filing data is available for this year.$22.1$12.7$9.38$2.66$2.31$0.34
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.66$0.81$8.86$2.60$2.57$0.03
2014Detailed filing. Detailed filing data is available for this year.$13.0$4.12$8.88$2.77$2.41$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$4.24$8.57$2.67$2.47$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$4.51$8.53$2.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$4.83$8.29$2.50
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$5.14$7.99$2.37