Civic Intelligence

Maria Isabel Housing Development Fund Company Inc

EIN 13-3192496 • 501(c)3 • Bronx, NY

Profile

to develop and maintain a housing project for persons of low income in the south bronx, ny.

2804 Third AvenueSuiteBronx, NY 10455

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.75x

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

501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

3.46x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$134,464

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

29th percentile

-3.0%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

2.8%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,132,109

Down $98,116 (-3.0%) from 2013

Liabilities

Down

$5,474,575

Down $270,027 (-4.7%) from 2013

Net Assets

Up

-$2,342,466

Up $171,911 (+6.8%) from 2013

Operations
Liabilities / Revenue95th percentileNet Margin62nd percentile

Revenue

Up

$1,584,029

Up $43,312 (+2.8%) from 2013

Expenses

Up

$1,412,118

Up $2,136 (+0.2%) from 2013

Net Income

Up

$171,911

Up $41,176 (+31%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $3,394,307Liabilities 2011: $6,235,566Net Assets 2011: -$2,841,2592011Assets 2012: $3,272,003Liabilities 2012: $5,917,115Net Assets 2012: -$2,645,1122012Assets 2013: $3,230,225Liabilities 2013: $5,744,602Net Assets 2013: -$2,514,3772013Assets 2014: $3,132,109Liabilities 2014: $5,474,575Net Assets 2014: -$2,342,4662014

Highlighted filing

2014

Assets$3,132,109
Liabilities$5,474,575
Net Assets-$2,342,466
Open 2014 Filing

Operations Trend

Revenue Growth42nd percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $1,486,530Expenses 2011: $1,369,441Net Income 2011: $117,0892011Expenses 2012: $1,359,4312012Revenue 2013: $1,540,717Expenses 2013: $1,409,982Net Income 2013: $130,7352013Revenue 2014: $1,584,029Expenses 2014: $1,412,118Net Income 2014: $171,9112014

Highlighted filing

2014

Revenue$1,584,029
Expenses$1,412,118
Net Income$171,911
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,132,109
Liabilities
$5,474,575
Net assets
-$2,342,466
Revenue
$1,584,029
Expenses
$1,412,118
Net income
$171,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$3.13$5.47$2.34$1.58$1.41$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$5.74$2.51$1.54$1.41$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$5.92$2.65$1.36
2011Summary only. Only limited summary data is available for this year.$3.39$6.24$2.84$1.49$1.37$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,584,029
Mission and Program Overview

Mission

to develop and maintain a housing project for persons of low income in the south bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,666,536$2,480,203▼ $186,333
Cash and Non-Interest-Bearing Accounts$518,258$512,777▼ $5,481
Prepaid Expenses and Deferred Charges$30,434$33,807▲ $3,373
Accounts Receivable$14,997$12,322▼ $2,675
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,230,225$3,132,109▼ $98,116
Other Assets Total$0$93,000▲ $93,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,458,497$5,293,041▼ $165,456
Accounts Payable and Accrued Expenses$286,105$174,534▼ $111,571
Other Liabilities$0$7,000▲ $7,000
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,744,602$5,474,575▼ $270,027
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,514,377$-2,342,466▲ $171,911
Total Net Assets Fund Balance$-2,514,377$-2,342,466▲ $171,911
Total Liabilities and Net Assets / Fund Balance$3,230,225$3,132,109▼ $98,116

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,450,503$4,510,308$6,960,811
Land$29,700-$29,700
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleOtherTotal
Ramon VelezCompliance Director$134,464$134,464
Madelyn LugoAdministrator$115,035$115,035

Board Members and Trustees

NameTitle
Milagros Baez O'TooleChairperson
Eduardo AlayonVice Chair
Pedro FalconBoard Member
Iris W RamirezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,583,372
Investment Income
$657
Other Revenue
$0
Change in Net Assets
$171,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,584,029
Revenue Not Reported on Form 990
$14,352
Total Revenue per Audited Statements
$1,598,381
Total Revenue per Form 990
$1,584,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,332,736
Salaries, Compensation, and Employee Benefits$79,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$521,032--$521,032
Occupancy$349,676--$349,676
Depreciation Depletion$186,333--$186,333
Insurance$78,256--$78,256
Other Salaries and Wages$68,844--$68,844
Fees for Services Management$51,304--$51,304
Other Expenses$47,533--$47,533
Office Expenses$25,791--$25,791
Fees for Services Legal$20,518--$20,518
Fees for Services Accounting$19,238--$19,238
Payroll Taxes$10,538--$10,538
Total Functional Expenses$1,412,118$0$0$1,412,118

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,426,470
Expenses per Audited Statements$1,412,118
Total Expenses per Form 990$1,412,118
Expenses Not Reported on Form 990$14,352
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To/from General Partner$7,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The Form 990 is reviewed and approved by the Board of Directors”

990, Page 6, Part VI, Section B, Line 12C

“The Organization has written conflict of interest policy. All parties are required to comply with the policy. Evaluation of compliance with policies and procedures is performed annually.”

990, Page 6, Part VI, Section C, Line 19

“Documents are available upon request”

Filing and Contact Details

Filer

EIN
13-3192496
In Care Of
% PAULA PHILLIP
Phone
7184027702

Signing Officer

Name
Milagros Baez O'Toole
Title
chairperson
Phone
7184027702
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Madelyn Lugo
Formed
1983
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
7
Volunteers
4

Preparer

Preparer
Joseph Perez
Phone
7184027702
Supplemental Narrative

Financial Statement Notes

Schedule D Part X Line 2

“Maria Isabel Housing Development Fund Company, Inc is a not-for-profit Corporation exempt from Federal taxation under Internal Revenue Code Section 501(c) (3). Accordingly, no provision for taxes is provided. The Organization follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. The Organization's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in the Organization's tax filings and does not believe that any material uncertain tax positions exist. The Organization files information forms in the U.S. federal jurisdiction and the State of New York. The Organization is generally no longer subject to examination by the Internal Revenue Service for years before 2011. The Organization did not recognize any tax related penalties or interest for the year ended June 30, 2014.”

Schedule D Part XI line 2D

“Superintendent rent free unit for $14,352”

Schedule D Part XII Line 2D

“Superintendent rent free unit for $14,352.”

Raw XML AppendixShowing 400 of 530 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Maria Isabel Housing Development Fund Company, Inc is a not-for-profit Corporation exempt from Federal taxation under Internal Revenue Code Section 501(c) (3). Accordingly, no provision for taxes is provided. The Organization follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. The Organization's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in the Organization's tax filings and does not believe that any material uncertain tax positions exist. The Organization files information forms in the U.S. federal jurisdiction and the State of New York. The Organization is generally no longer subject to examination by the Internal Revenue Service for years before 2011. The Organization did not recognize any tax related penalties or interest for the year ended June 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Superintendent rent free unit for $14,352
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Superintendent rent free unit for $14,352.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D Part X Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D Part XI line 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule D Part XII Line 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed and approved by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has written conflict of interest policy. All parties are required to comply with the policy. Evaluation of compliance with policies and procedures is performed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990, Page 6, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1990, Page 6, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2990, Page 6, Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Housing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10Don Pancho Development Corporation
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine102804 Third Avenue
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