Civic Intelligence

Thorpe Housing Development Fund Company Inc.

990 • Fiscal year 2024 • EIN 13-2986206

Oct 01, 2024 to Dec 31, 2024 • Filed on Apr 22, 2025

6 Thorpe DriveSparkhill, NY 10976

(845) 359-0454

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$14,295,714

Down $5,606,040 (-28%) from 2023

Net Assets

Down

-$7,948,641

Down $15,050,162 (-212%) from 2023

Liabilities

Up

$22,244,355

Up $9,444,122 (+74%) from 2023

Revenue And Expenses

Revenue

Down

$1,079,970

Down $2,877,871 (-73%) from 2023

Expenses

Down

$1,644,365

Down $3,851,608 (-70%) from 2023

Net Income

Up

-$564,395

Up $973,737 (+63%) from 2023

Historical Trend

Balance Sheet Trend

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: -$7,384,2462024Assets 2024: $14,295,714Liabilities 2024: $22,244,355Net Assets 2024: -$7,948,6412024

Highlighted filing

2024

Assets$14,295,714
Liabilities$22,244,355
Net Assets-$7,948,641

Operations Trend

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: -$14,485,7672024Revenue 2024: $1,079,970Expenses 2024: $1,644,365Net Income 2024: -$564,3952024

Highlighted filing

2024

Revenue$1,079,970
Expenses$1,644,365
Net Income-$564,395
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.1
Gross Receipts
$1,079,970
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,223,947$13,100,063▼ $123,884
Cash and Non-Interest-Bearing Accounts$412,684$318,669▼ $94,015
Prepaid Expenses and Deferred Charges$303,027$146,986▼ $156,041
Accounts Receivable$96,367$86,229▼ $10,138
Total Assets$14,774,881$14,295,714▼ $479,167
Other Assets Total$738,856$643,767▼ $95,089
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,895,110$21,922,816▲ $27,706
Accounts Payable and Accrued Expenses$169,418$222,957▲ $53,539
Other Liabilities$94,599$98,582▲ $3,983
Total Liabilities$22,159,127$22,244,355▲ $85,228
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-7,384,246$-7,948,641▼ $564,395
Total Net Assets Fund Balance$-7,384,246$-7,948,641▼ $564,395
Total Liabilities and Net Assets / Fund Balance$14,774,881$14,295,714▼ $479,167

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,622,858$17,044,562$29,667,420
Equipment$70,748$539,986$610,734
Other Land Buildings$86,543$280,299$366,842
Land$319,914-$319,914
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sr Eileen GannonChair
Sr Mary DunningVice Chair
Brian SpillaneDirector
Mary LoftusDirector
Nancy QuinnDirector
Sr Aileen DonovanDirector
Matthew JaneczkoExecutive Director
Sr Lesley BlockSecretary
Sr Maryann SummaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,069,372
Investment Income
$4,797
Other Revenue
$5,801
Change in Net Assets
$-564,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,079,970
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,079,970
Total Revenue per Form 990
$1,079,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$977,201
Grants and Similar Amounts Paid$500,000
Salaries, Compensation, and Employee Benefits$167,164
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$500,000--$500,000
Interest$391,304--$391,304
Depreciation Depletion$133,870--$133,870
Other Salaries and Wages$57,334$55,591-$112,925
Insurance$105,960--$105,960
Fees for Services Management-$60,782-$60,782
Occupancy$51,545--$51,545
All Other Expenses$39,737$186-$39,923
Pension Plan Contributions$30,311--$30,311
Fees for Services Legal-$28,078-$28,078
Other Expenses$43,846$26,250-$26,250
Other Employee Benefits$16,220--$16,220
Payroll Taxes$7,708--$7,708
Office Expenses-$6,160-$6,160
Total Functional Expenses$1,438,674$205,691$0$1,644,365

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,644,365
Total Expenses per Audited Statements$1,644,365
Total Expenses per Form 990$1,644,365
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.$500,000
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$98,582
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 timely 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
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Janeczko
Formed
1978
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
13
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573
Preparer
Joseph J Rosoff
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/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1VAN INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISC. INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05105
IRS990/OtherRevenueMiscGrp/ExclusionAmt1516
IRS990/OtherRevenueMiscGrp/ExclusionAmt2180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05105
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1516
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2180
IRS990/OtherRevenueTotalAmt05801
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt055591
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057334
IRS990/OtherSalariesAndWagesGrp/TotalAmt0112925
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07708
IRS990/PayrollTaxesGrp/TotalAmt07708
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030311
IRS990/PensionPlanContributionsGrp/TotalAmt030311
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0303027
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0146986
IRS990/PrincipalOfficerNm0MATTHEW JANECZKO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1AFFORDABLE HOUSING REN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0782575
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1286797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0782575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1286797
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013164515
IRS990/PYInvestmentIncomeAmt045247
IRS990/PYOtherExpensesAmt04768143
IRS990/PYOtherRevenueAmt038376
IRS990/PYProgramServiceRevenueAmt03948555
IRS990/PYRevenuesLessExpensesAmt0-14485767
IRS990/PYSalariesCompEmpBnftPaidAmt0585287
IRS990/PYTotalExpensesAmt018517945
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04032178
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-564395
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01069372
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DURING 2024, THE PROJECT CHANGED ITS REPORTING YEAR END FROM SEPTEMBER 30TH TO DECEMBER 31ST. THE TAX RETURN COVERS THE TRANSITION PERIOD OCTOBER 31, 2024 TO DECEMBER 31, 2024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0782575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02819021
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02740162
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03749237
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01698795
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt011789790
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04797
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt045247
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt097628
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03057
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0155503
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0286797
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01129534
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01081135
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01012320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01034986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04544772
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04797
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt045247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt097628
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0155503
IRS990ScheduleA/InvestmentIncomeCYPct00.00940
IRS990ScheduleA/InvestmentIncomePYPct00.00940
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05801
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt038376
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt038916
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05495
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt036858
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0125446
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98310
IRS990ScheduleA/PublicSupportPY509Pct00.98370
IRS990ScheduleA/PublicSupportTotal509Amt016334562
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01069372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03948555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03821297
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04761557
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02733781
IRS990ScheduleA/Total509Grp/TotalAmt016334562
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01079970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04032178
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03957841
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04771826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02773696
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt016615511
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt012622858
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017044562
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt029667420
IRS990ScheduleD/EquipmentGrp/BookValueAmt070748
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0539986
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0610734
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01644365
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0319914
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0319914
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt086543
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0280299
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0366842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098582
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01079970
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/TotalBookValueLandBuildingsAmt013100063
IRS990ScheduleD/TotalExpensesPerForm990Amt01644365
IRS990ScheduleD/TotalLiabilityAmt098582
IRS990ScheduleD/TotalRevenuePerForm990Amt01079970
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01079970
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01644365
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0500000
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
IRS990ScheduleI/RecipientTable/USAddress/CityNm0STATEN ISLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010314
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AFTER 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 TIMELY FILES ITS ANNUAL CHAR 500 REPORT WITH THE NYS ATTORNEY GENERAL AND ALL OF ITS FILINGS ARE MADE AVAILABLE THROUGH THE NYSOAG CHARITIES WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:

Document Assets

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Filings

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
2024Detailed filing. Detailed filing data is available for this year.$14.3$22.2$7.95$1.08$1.64$0.56
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