Civic Intelligence

Presbyterian Housing Development Fund Corporation of Queens

990 • Fiscal year 2021 • EIN 13-3171862

Sep 01, 2020 to Aug 31, 2021 • Filed on Dec 02, 2021

Organization ProfileN/A
1981 Marcus Avenue C-131Lake Success, NY 11040

(718) 706-7755

Siviq Scores

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

Liabilities / Assets

89th percentile

1.37x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

3.36x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Net Margin

42nd percentile

-1.5%

Higher net margin than 42% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

66th percentile

$232,239

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2021 filings • NTEE L • $5M-$10M nonprofits • Source year 2021

Asset Growth

25th percentile

-3.0%

Faster asset growth than 25% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

1.0%

Faster revenue growth than 39% of similar nonprofits.

2021 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$5,872,803

Down $180,651 (-3.0%) from 2020

Net Assets

Down

-$2,147,547

Down $34,715 (-1.6%) from 2020

Liabilities

Down

$8,020,350

Down $145,936 (-1.8%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin42nd percentile

Revenue

Up

$2,385,279

Up $24,532 (+1.0%) from 2020

Expenses

Up

$2,419,994

Up $45,600 (+1.9%) from 2020

Net Income

Down

-$34,715

Down $21,068 (-154%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $4,846,494Liabilities 2011: $6,809,219Net Assets 2011: -$1,962,7252011Assets 2012: $4,452,078Liabilities 2012: $6,352,288Net Assets 2012: -$1,900,2102012Assets 2013: $4,261,163Liabilities 2013: $6,078,484Net Assets 2013: -$1,817,3212013Assets 2014: $8,536,022Liabilities 2014: $10,328,563Net Assets 2014: -$1,792,5412014Assets 2015: $8,301,315Liabilities 2015: $10,234,863Net Assets 2015: -$1,933,5482015Assets 2016: $8,192,791Liabilities 2016: $10,099,123Net Assets 2016: -$1,906,3322016Assets 2017: $6,472,983Liabilities 2017: $8,447,590Net Assets 2017: -$1,974,6072017Assets 2018: $6,335,219Liabilities 2018: $8,363,631Net Assets 2018: -$2,028,4122018Assets 2019: $6,150,702Liabilities 2019: $8,249,887Net Assets 2019: -$2,099,1852019Assets 2020: $6,053,454Liabilities 2020: $8,166,286Net Assets 2020: -$2,112,8322020Assets 2021: $5,872,803Liabilities 2021: $8,020,350Net Assets 2021: -$2,147,5472021Assets 2022: $5,590,692Liabilities 2022: $7,878,114Net Assets 2022: -$2,287,4222022Assets 2023: $5,278,390Liabilities 2023: $7,761,744Net Assets 2023: -$2,483,3542023Assets 2024: $5,184,636Liabilities 2024: $7,700,732Net Assets 2024: -$2,516,0962024Assets 2025: $4,979,011Liabilities 2025: $7,523,984Net Assets 2025: -$2,544,9732025

Highlighted filing

2021

Assets$5,872,803
Liabilities$8,020,350
Net Assets-$2,147,547
Open 2021 Filing

Operations Trend

Revenue Growth39th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,107,083Expenses 2011: $2,063,027Net Income 2011: $44,0562011Expenses 2012: $2,041,2722012Revenue 2013: $2,146,140Expenses 2013: $2,063,251Net Income 2013: $82,8892013Revenue 2014: $2,158,295Expenses 2014: $2,133,515Net Income 2014: $24,7802014Revenue 2015: $2,168,317Expenses 2015: $2,309,324Net Income 2015: -$141,0072015Revenue 2016: $2,213,835Expenses 2016: $2,186,619Net Income 2016: $27,2162016Revenue 2017: $2,242,761Expenses 2017: $2,311,036Net Income 2017: -$68,2752017Revenue 2018: $2,267,273Expenses 2018: $2,321,078Net Income 2018: -$53,8052018Revenue 2019: $2,317,390Expenses 2019: $2,388,163Net Income 2019: -$70,7732019Revenue 2020: $2,360,747Expenses 2020: $2,374,394Net Income 2020: -$13,6472020Revenue 2021: $2,385,279Expenses 2021: $2,419,994Net Income 2021: -$34,7152021Revenue 2022: $2,439,287Expenses 2022: $2,579,162Net Income 2022: -$139,8752022Revenue 2023: $2,495,437Expenses 2023: $2,691,369Net Income 2023: -$195,9322023Revenue 2024: $2,640,730Expenses 2024: $2,673,472Net Income 2024: -$32,7422024Revenue 2025: $2,748,471Expenses 2025: $2,777,348Net Income 2025: -$28,8772025

Highlighted filing

2021

Revenue$2,385,279
Expenses$2,419,994
Net Income-$34,715
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Dec 2, 2021
Return Version
2020v4.0
Gross Receipts
$2,385,279
Mission and Program Overview

Mission

Operating and maintaining affordable housing units for the elderly or mobility impaired in a safe and sanitary environment.

HOUSING FOR THE ELDERLY.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,286,927$3,108,328▼ $178,599
Cash and Non-Interest-Bearing Accounts$353,902$210,837▼ $143,065
Prepaid Expenses and Deferred Charges$111,461$122,537▲ $11,076
Accounts Receivable$26,092$42,022▲ $15,930
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,053,454$5,872,803▼ $180,651
Other Assets Total$2,275,072$2,389,079▲ $114,007
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,959,536$7,835,446▼ $124,090
Accounts Payable and Accrued Expenses$168,265$143,649▼ $24,616
Other Liabilities$38,485$41,255▲ $2,770
Total Liabilities$8,166,286$8,020,350▼ $145,936
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,112,832$-2,147,547▼ $34,715
Total Net Assets Fund Balance$-2,112,832$-2,147,547▼ $34,715
Total Liabilities and Net Assets / Fund Balance$6,053,454$5,872,803▼ $180,651

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,952,591$7,844,035$10,796,626
Equipment$56,097$55,646$111,743
Land$99,640-$99,640
Other Assets Org$41,255--
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
James TsePresident
Celia SanchezDirector
Charline CollinsDirector
Eric C ToodlesDirector
Lindsay BordenDirector
Rev Jane DonnellyDirector
Rimas JasinExecutive Director
Lisa SisenweinSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Allied Universal security servicesSecurity services161 washington street suite 600, Conshohocken, PA 19428$200,717
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,379,568
Investment Income
$2,006
Other Revenue
$3,705
Change in Net Assets
$-34,715

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,385,279
Total Revenue per Audited Statements
$2,385,279
Total Revenue per Form 990
$2,385,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,011,628
Salaries, Compensation, and Employee Benefits$408,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$510,941--$510,941
Interest$394,066--$394,066
Other Salaries and Wages$261,317$65,443-$326,760
Depreciation Depletion$319,580--$319,580
Fees for Services Other$198,717$14,591-$213,308
Insurance$159,303--$159,303
Fees for Services Management-$107,814-$107,814
Other Employee Benefits$68,851--$68,851
Other Expenses$27,985$6,980-$34,965
Office Expenses-$23,731-$23,731
Fees for Services Accounting-$18,150-$18,150
Payroll Taxes$12,755--$12,755
Fees for Services Legal-$340-$340
Total Functional Expenses$2,182,945$237,049$0$2,419,994

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,419,994
Total Expenses per Audited Statements$2,419,994
Total Expenses per Form 990$2,419,994
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant security deposit$41,255
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
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, Line 11B: Form 990 Review Process

“A draft of Form 990 is submitted to the board of directors. the board reviews the tax return and contacts the accounting firm with any questions they may have. once the board has reviewed and approved the form 990 is subsequently filed with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The conflict of interest policy is reviewed on an annual basis”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Presbyterian Housing Development
EIN
13-3171862
Phone
7187067755
Address
1981 Marcus Avenue C-131, Lake Success, NY 11040

Signing Officer

Name
James Tse
Title
President
Signed
2021-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Tse
Formed
1983
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
3

Preparer

Firm
Ncheng Llp Certified Public Accountants
Address
40 WALL ST 32ND FL, NEW YORK, NY 10005
Preparer
Kwabina Appiah
Phone
2127850100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The oversight or selection process has not changed from the prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“Income taxes. Presbyterian HDFC is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Presbyterian HDFC has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. Presbyterian HDFC does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending August 31, 2018 and subsequent remain subject to examination by the taxing authorities.”

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07835446
IRS990/NetAssetsOrFundBalancesBOYAmt0-2112832
IRS990/NetAssetsOrFundBalancesEOYAmt0-2147547
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2112832
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2147547
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0510941
IRS990/OccupancyGrp/TotalAmt0510941
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023731
IRS990/OfficeExpensesGrp/TotalAmt023731
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02275072
IRS990/OtherAssetsTotalGrp/EOYAmt02389079
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt068851
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068851
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2Social Services Expenses
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06980
IRS990/OtherExpensesGrp/ProgramServicesAmt0106896
IRS990/OtherExpensesGrp/ProgramServicesAmt185270
IRS990/OtherExpensesGrp/ProgramServicesAmt237264
IRS990/OtherExpensesGrp/ProgramServicesAmt327985
IRS990/OtherExpensesGrp/TotalAmt0106896
IRS990/OtherExpensesGrp/TotalAmt185270
IRS990/OtherExpensesGrp/TotalAmt237264
IRS990/OtherExpensesGrp/TotalAmt334965
IRS990/OtherLiabilitiesGrp/BOYAmt038485
IRS990/OtherLiabilitiesGrp/EOYAmt041255
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0Other revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03705
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03705
IRS990/OtherRevenueTotalAmt03705
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065443
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0261317
IRS990/OtherSalariesAndWagesGrp/TotalAmt0326760
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt012755
IRS990/PayrollTaxesGrp/TotalAmt012755
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111461
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0122537
IRS990/PrincipalOfficerNm0James Tse
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0Rent revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02379568
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02379568
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03894
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01969225
IRS990/PYOtherRevenueAmt03973
IRS990/PYProgramServiceRevenueAmt02352880
IRS990/PYRevenuesLessExpensesAmt0-13647
IRS990/PYSalariesCompEmpBnftPaidAmt0405169
IRS990/PYTotalExpensesAmt02374394
IRS990/PYTotalRevenueAmt02360747
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-34715
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02383273
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03894
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02414
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01271
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02352880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02306369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02261450
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02239090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09159789
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03894
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02414
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011976
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt09159789
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02352880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02306369
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02261450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02239090
IRS990ScheduleA/Total509Grp/TotalAmt09159789
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02356774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02310766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02263864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02240361
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09171765
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02952591
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07844035
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010796626
IRS990ScheduleD/EquipmentGrp/BookValueAmt056097
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055646
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0111743
IRS990ScheduleD/ExpensesSubtotalAmt02419994
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt099640
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099640
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02347824
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141255
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS AND ESCROW RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANTS SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposit
IRS990ScheduleD/RevenueSubtotalAmt02385279
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes. Presbyterian HDFC is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Presbyterian HDFC has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. Presbyterian HDFC does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending August 31, 2018 and subsequent remain subject to examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03108328
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02389079
IRS990ScheduleD/TotalExpensesPerForm990Amt02419994
IRS990ScheduleD/TotalLiabilityAmt041255
IRS990ScheduleD/TotalRevenuePerForm990Amt02385279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02385279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02419994
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0205281
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026958
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Rimas Jasin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0232239
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of Form 990 is submitted to the board of directors. the board reviews the tax return and contacts the accounting firm with any questions they may have. once the board has reviewed and approved the form 990 is subsequently filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The conflict of interest policy is reviewed on an annual basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The oversight or selection process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,872,803
Liabilities
$8,020,350
Net assets
-$2,147,547
Revenue
$2,385,279
Expenses
$2,419,994
Net income
-$34,715
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.98$7.52$2.54$2.75$2.78$0.03
2024Detailed filing. Detailed filing data is available for this year.$5.18$7.70$2.52$2.64$2.67$0.03
2023Detailed filing. Detailed filing data is available for this year.$5.28$7.76$2.48$2.50$2.69$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$7.88$2.29$2.44$2.58$0.14
2021Detailed filing. Detailed filing data is available for this year.$5.87$8.02$2.15$2.39$2.42$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$8.17$2.11$2.36$2.37$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.15$8.25$2.10$2.32$2.39$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.34$8.36$2.03$2.27$2.32$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.47$8.45$1.97$2.24$2.31$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.19$10.1$1.91$2.21$2.19$0.03
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.30$10.2$1.93$2.17$2.31$0.14
2014Detailed filing. Detailed filing data is available for this year.$8.54$10.3$1.79$2.16$2.13$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$6.08$1.82$2.15$2.06$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$6.35$1.90$2.04
2011Summary only. Only limited summary data is available for this year.$4.85$6.81$1.96$2.11$2.06$0.04