Civic Intelligence

Goodheart Housing Development Fund Company Inc.

990 • Fiscal year 2016 • EIN 13-3171445

Jun 01, 2015 to May 31, 2016 • Filed on Apr 05, 2017

Organization ProfileN/A
166 South 9th Street No IeBrooklyn, NY 11211

(718) 963-4225

Siviq Scores

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

Liabilities / Assets

99th percentile

4.59x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

2.83x

Higher debt load relative to revenue than 57% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Net Margin

80th percentile

13%

Higher net margin than 80% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Asset Growth

85th percentile

11%

Faster asset growth than 85% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

1.1%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$592,590

Up $59,276 (+11%) from 2015

Net Assets

Up

-$2,128,593

Up $122,862 (+5.5%) from 2015

Liabilities

Down

$2,721,183

Down $63,586 (-2.3%) from 2015

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin80th percentile

Revenue

Up

$961,746

Up $10,495 (+1.1%) from 2015

Expenses

Down

$838,884

Down $119,576 (-12%) from 2015

Net Income

Up

$122,862

Up $130,071 (+1804%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $1,097,599Liabilities 2011: $3,242,127Net Assets 2011: -$2,144,5282011Assets 2012: $961,367Liabilities 2012: $3,145,495Net Assets 2012: -$2,184,1282012Assets 2013: $774,530Liabilities 2013: $2,992,874Net Assets 2013: -$2,218,3442013Assets 2014: $619,847Liabilities 2014: $2,864,093Net Assets 2014: -$2,244,2462014Assets 2015: $533,314Liabilities 2015: $2,784,769Net Assets 2015: -$2,251,4552015Assets 2016: $592,590Liabilities 2016: $2,721,183Net Assets 2016: -$2,128,5932016Assets 2017: $522,955Liabilities 2017: $2,534,073Net Assets 2017: -$2,011,1182017Assets 2018: $682,547Liabilities 2018: $2,428,742Net Assets 2018: -$1,746,1952018Assets 2019: $866,844Liabilities 2019: $2,157,742Net Assets 2019: -$1,290,8982019Assets 2020: $1,111,020Liabilities 2020: $1,954,066Net Assets 2020: -$843,0462020Assets 2021: $1,444,881Liabilities 2021: $1,746,337Net Assets 2021: -$301,4562021Assets 2022: $1,849,644Liabilities 2022: $1,561,695Net Assets 2022: $287,9492022Assets 2023: $2,250,703Liabilities 2023: $1,289,026Net Assets 2023: $961,6772023Assets 2024: $2,700,420Liabilities 2024: $1,022,155Net Assets 2024: $1,678,2652024Assets 2025: $3,431,954Liabilities 2025: $726,535Net Assets 2025: $2,705,4192025

Highlighted filing

2016

Assets$592,590
Liabilities$2,721,183
Net Assets-$2,128,593
Open 2016 Filing

Operations Trend

Revenue Growth49th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $885,076Expenses 2011: $875,457Net Income 2011: $9,6192011Expenses 2012: $957,9422012Revenue 2013: $920,847Expenses 2013: $955,063Net Income 2013: -$34,2162013Revenue 2014: $942,161Expenses 2014: $968,063Net Income 2014: -$25,9022014Revenue 2015: $951,251Expenses 2015: $958,460Net Income 2015: -$7,2092015Revenue 2016: $961,746Expenses 2016: $838,884Net Income 2016: $122,8622016Revenue 2017: $973,256Expenses 2017: $865,263Net Income 2017: $107,9932017Revenue 2018: $1,100,742Expenses 2018: $815,329Net Income 2018: $285,4132018Revenue 2019: $1,396,417Expenses 2019: $941,120Net Income 2019: $455,2972019Revenue 2020: $1,578,364Expenses 2020: $1,130,513Net Income 2020: $447,8512020Revenue 2021: $1,591,281Expenses 2021: $1,049,690Net Income 2021: $541,5912021Revenue 2022: $1,627,747Expenses 2022: $1,038,344Net Income 2022: $589,4032022Revenue 2023: $1,660,299Expenses 2023: $986,571Net Income 2023: $673,7282023Revenue 2024: $1,750,603Expenses 2024: $1,034,018Net Income 2024: $716,5852024Revenue 2025: $2,298,593Expenses 2025: $1,271,439Net Income 2025: $1,027,1542025

Highlighted filing

2016

Revenue$961,746
Expenses$838,884
Net Income$122,862
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Apr 5, 2017
Return Version
2015v3.0
Gross Receipts
$961,746
Mission and Program Overview

Mission

To provide housing to low income

To provide housing to low income and disabled individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$206,146$288,464▲ $82,318
Savings and Temporary Cash Investments$297,873$266,994▼ $30,879
Cash and Non-Interest-Bearing Accounts$12,140$24,576▲ $12,436
Prepaid Expenses and Deferred Charges$15,455$11,307▼ $4,148
Accounts Receivable$700$249▼ $451
Total Assets$533,314$592,590▲ $59,276
Other Assets Total$1,000$1,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,671,250$2,543,731▼ $127,519
Accounts Payable and Accrued Expenses$100,201$163,793▲ $63,592
Other Liabilities$13,318$13,659▲ $341
Total Liabilities$2,784,769$2,721,183▼ $63,586
Net Assets / Fund Balance
Unrestricted Net Assets$-7,209$122,862▲ $130,071
Permanently Rstr Net Assets$-2,244,246$-2,251,455▼ $7,209
Total Net Assets Fund Balance$-2,251,455$-2,128,593▲ $122,862
Total Liabilities and Net Assets / Fund Balance$533,314$592,590▲ $59,276

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$173,244$3,859,950$4,033,194
Other Land Buildings$92,220$78,498$170,718
Land$23,000-$23,000
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Sarah ZelcerPresident
Joel FriedmanVice President
Moshe SingerSecretary
Michael FriedmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$961,099
Investment Income
$647
Other Revenue
$0
Change in Net Assets
$122,862

Audited Revenue Reconciliation

Revenue per Audited Statements
$961,746
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$961,746
Total Revenue per Form 990
$961,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,195
Salaries, Compensation, and Employee Benefits$94,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$240,791--$240,791
Other Salaries and Wages$63,516--$63,516
Insurance$45,102--$45,102
Fees for Services Management$42,840--$42,840
Other Expenses$31,034--$31,034
Depreciation Depletion$24,275--$24,275
Other Employee Benefits$23,723--$23,723
Office Expenses$13,139--$13,139
Payroll Taxes$7,450--$7,450
All Other Expenses$317--$317
Total Functional Expenses$838,884$0$0$838,884

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$838,884
Total Expenses per Audited Statements$838,884
Total Expenses per Form 990$838,884
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Security Deposits Payable$13,659
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11

“An officer reviews the 990 prior to signing”

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

“Requires disclosure by employees, officers and key employees of any conflict of interest”

Form 990, Part VI, Section C, Line 19

“These are available upon request”

Filing and Contact Details

Filer

Filer Name
Goodheart Housing Development
EIN
13-3171445
Phone
7189634225
Address
166 SOUTH 9TH STREET NO IE, BROOKLYN, NY 11211

Signing Officer

Name
Joel Friedman
Title
Vice President
Phone
7189634225
Signed
2017-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Friedman
Formed
1983
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
0
Employees
4
Volunteers
0

Preparer

Firm
Issac S Schlesinger CPA LLC
Address
225 BROADWAY ROOM 305, NEW YORK, NY 10007-3908
Preparer
Issac S Schlesinger
Phone
2129646350
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Process has not changed from the prior year”

Raw XML Appendix365 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt092220
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt078498
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0961746
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0288464
IRS990ScheduleD/TotalExpensesPerForm990Amt0838884
IRS990ScheduleD/TotalLiabilityAmt013659
IRS990ScheduleD/TotalRevenuePerForm990Amt0961746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0961746
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0838884
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN OFFICER REVIEWS THE 990 PRIOR TO SIGNING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REQUIRES DISCLOSURE BY EMPLOYEES, OFFICERS AND KEY EMPLOYEES OF ANY CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0533314
IRS990/TotalAssetsEOYAmt0592590
IRS990/TotalAssetsGrp/BOYAmt0533314
IRS990/TotalAssetsGrp/EOYAmt0592590
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0838884
IRS990/TotalFunctionalExpensesGrp/TotalAmt0838884
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02784769
IRS990/TotalLiabilitiesEOYAmt02721183
IRS990/TotalLiabilitiesGrp/BOYAmt02784769
IRS990/TotalLiabilitiesGrp/EOYAmt02721183
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2251455
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2128593
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0838884
IRS990/TotalProgramServiceRevenueAmt0961099
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0961746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0961746
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0533314
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0592590
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-7209
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0122862
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0166 SOUTH 9TH STREET
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011211
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL FRIEDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07189634225
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOODHEART HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0GOOD
ReturnHeader/Filer/EIN0133171445
ReturnHeader/Filer/PhoneNum07189634225
ReturnHeader/Filer/USAddress/AddressLine1Txt0166 SOUTH 9TH STREET NO IE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011211
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0743157424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ISSAC S SCHLESINGER CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 BROADWAY ROOM 305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100073908
ReturnHeader/PreparerPersonGrp/PhoneNum02129646350
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISSAC S SCHLESINGER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-04-10T12:39:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$592,590
Liabilities
$2,721,183
Net assets
-$2,128,593
Revenue
$961,746
Expenses
$838,884
Net income
$122,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.73$2.71$2.30$1.27$1.03
2024Detailed filing. Detailed filing data is available for this year.$2.70$1.02$1.68$1.75$1.03$0.72
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$1.29$0.96$1.66$0.99$0.67
2022Detailed filing. Detailed filing data is available for this year.$1.85$1.56$0.29$1.63$1.04$0.59
2021Detailed filing. Detailed filing data is available for this year.$1.44$1.75$0.30$1.59$1.05$0.54
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$1.95$0.84$1.58$1.13$0.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$2.16$1.29$1.40$0.94$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$2.43$1.75$1.10$0.82$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$2.53$2.01$0.97$0.87$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.59$2.72$2.13$0.96$0.84$0.12
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.53$2.78$2.25$0.95$0.96$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.62$2.86$2.24$0.94$0.97$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$2.99$2.22$0.92$0.96$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$3.15$2.18$0.96
2011Summary only. Only limited summary data is available for this year.$1.10$3.24$2.14$0.89$0.88$0.01