Civic Intelligence

10Th and 51St Housing Development Fund Company Inc.

990 • Fiscal year 2013 • EIN 13-3270654

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 23, 2014

Organization ProfileWWW.NYFSC.ORG
11 Park Place No 1416New York, NY 10007
Siviq Scores

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

Liabilities / Assets

97th percentile

1.34x

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

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

92nd percentile

4.21x

Higher debt load relative to revenue than 92% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

44th percentile

1.2%

Higher net margin than 44% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

31st percentile

-1.6%

Faster asset growth than 31% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$6,057,875

Down $95,463 (-1.6%) from 2012

Net Assets

Up

-$2,060,369

Up $23,456 (+1.1%) from 2012

Liabilities

Down

$8,118,244

Down $118,919 (-1.4%) from 2012

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin44th percentile

Revenue

$1,930,565

No earlier filing loaded for comparison.

Expenses

Up

$1,907,109

Up $49,587 (+2.7%) from 2012

Net Income

$23,456

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $6,544,451Liabilities 2010: $8,478,944Net Assets 2010: -$1,934,4932010Assets 2011: $6,324,360Liabilities 2011: $8,338,714Net Assets 2011: -$2,014,3542011Assets 2012: $6,153,338Liabilities 2012: $8,237,163Net Assets 2012: -$2,083,8252012Assets 2013: $6,057,875Liabilities 2013: $8,118,244Net Assets 2013: -$2,060,3692013Assets 2014: $5,814,692Liabilities 2014: $7,958,806Net Assets 2014: -$2,144,1142014Assets 2015: $5,623,831Liabilities 2015: $7,829,732Net Assets 2015: -$2,205,9012015Assets 2016: $5,411,050Liabilities 2016: $7,618,740Net Assets 2016: -$2,207,6902016Assets 2017: $5,173,653Liabilities 2017: $7,383,263Net Assets 2017: -$2,209,6102017Assets 2018: $4,978,722Liabilities 2018: $7,169,357Net Assets 2018: -$2,190,6352018Assets 2019: $5,989,419Liabilities 2019: $7,267,362Net Assets 2019: -$1,277,9432019Assets 2020: $6,303,674Liabilities 2020: $6,889,740Net Assets 2020: -$586,0662020Assets 2021: $6,465,038Liabilities 2021: $6,395,181Net Assets 2021: $69,8572021Assets 2022: $6,885,884Liabilities 2022: $6,164,088Net Assets 2022: $721,7962022Assets 2023: $6,994,558Liabilities 2023: $5,732,403Net Assets 2023: $1,262,1552023Assets 2024: $7,336,352Liabilities 2024: $5,564,157Net Assets 2024: $1,772,1952024

Highlighted filing

2013

Assets$6,057,875
Liabilities$8,118,244
Net Assets-$2,060,369
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,801,8422010Expenses 2011: $1,848,9322011Expenses 2012: $1,857,5222012Revenue 2013: $1,930,565Expenses 2013: $1,907,109Net Income 2013: $23,4562013Revenue 2014: $1,854,576Expenses 2014: $1,938,321Net Income 2014: -$83,7452014Revenue 2015: $1,897,218Expenses 2015: $1,959,005Net Income 2015: -$61,7872015Revenue 2016: $1,991,434Expenses 2016: $1,993,223Net Income 2016: -$1,7892016Revenue 2017: $2,003,264Expenses 2017: $2,005,184Net Income 2017: -$1,9202017Revenue 2018: $2,022,936Expenses 2018: $2,003,961Net Income 2018: $18,9752018Revenue 2019: $3,285,588Expenses 2019: $2,372,896Net Income 2019: $912,6922019Revenue 2020: $3,052,401Expenses 2020: $2,360,524Net Income 2020: $691,8772020Revenue 2021: $3,161,224Expenses 2021: $2,505,301Net Income 2021: $655,9232021Revenue 2022: $3,152,510Expenses 2022: $2,500,571Net Income 2022: $651,9392022Revenue 2023: $3,252,799Expenses 2023: $2,712,440Net Income 2023: $540,3592023Revenue 2024: $3,347,842Expenses 2024: $2,837,802Net Income 2024: $510,0402024

Highlighted filing

2013

Revenue$1,930,565
Expenses$1,907,109
Net Income$23,456
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 23, 2014
Return Version
2012v2.1
Gross Receipts
$1,930,565
Mission and Program Overview

Mission

Developing, constructing and operating housing and related facilities for the elderly and handicapped.

Filing and Contact Details

Filer

EIN
13-3270654
Raw XML AppendixShowing 400 of 634 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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IRS990/ActivityOrMissionDescription0PROVIDES 100 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT 404 WEST 54TH STREET, MANHATTAN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY FIVE (45) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0TENTH AND 51ST HDFC, INC. DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARY PAID TO THE CFO AND CEO IS PAID BY NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ORGANIZATION. THE FOLLOWING IS THEIR COMPENSATION POLICY. NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. IN JUNE 2012, THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES WAS LAST UNDERTAKEN IN JUNE 2013.
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0PART I, LINE 3
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0LINDA R HOFFMAN
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1MARTHA BAUER
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs015703
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs115753
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs014139
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/Title0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/Form990ScheduleJPartII/Title1CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0515643
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1239395
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0THE PROJECT PURCHASES MANAGEMENT SERVICES FROM ITS SPONSOR, NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ENTITY. THESE FEES ARE CHARGEABLE UP TO THE MAXIMUM HUD ALLOWABLE RATE OF $49 PER UNIT PER MONTH. ON JANUARY 1, 2013 THE ALLOWABLE RATE WAS INCREASED TO $59.50 PER UNIT PER MONTH. THE MANAGEMENT FEES INCURRED DURING THE YEAR ENDED JUNE 30, 2013 AMOUNTED TO $65,100. MANAGEMENT FEES OUTSTANDING AT JUNE 30, 2013 WERE $29,823. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING AND RE-CERTIFY TENANTS ANNUALLY TO INSURE COMPLIANCE WITH HUD REQUIREMENTS. PLEASE REFER TO PART VII AS, LINDA HOFFMAN AND MARTHA BAUER ARE COMPENSATED BY THE RELATED ENTITY.
IRS990ScheduleO/GeneralExplanation/Explanation1TENTH AND 51ST HDFC, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE: WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, ITS SUBMITTED ELECTRONICALLY TO A REPRESENTATIVE MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE MANAGEMENT COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2TENTH AND 51ST HDFC, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY A MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT.
IRS990ScheduleO/GeneralExplanation/Explanation3TENTH & 51ST, HDFC, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO 11 PARK PLACE, SUITE 1416, NEW YORK, NY, 10007 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 962-7653.
IRS990ScheduleO/GeneralExplanation/Explanation4TENTH AND 51ST HDFC, INC. HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation5BOARD MEMBER ELIZABETH F. TOZER RECEIVES NO COMPENSATION IN HER CAPACITY AS BOARD MEMBER AND OFFICER. SHE DOES RECEIVE COMPENSATION IN HER CAPACITY AS INTERIOR DESIGN CONSULTANT TO NYFSC, INC., A RELATED ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 2C:
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VII: EXPLANATION OF PAYMENT TO ELIZABETH F. TOZER
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1011 PARK PLACE SUITE 1416
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1111 PARK PLACE SUITE 1416
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1211 PARK PLACE SUITE 1416
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1511 PARK PLACE SUITE 1416
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1911 PARK PLACE SUITE 1416
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine11111 PARK PLACE SUITE 1416
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City3NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City4NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City5NEW YORK

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,057,875
Liabilities
$8,118,244
Net assets
-$2,060,369
Revenue
$1,930,565
Expenses
$1,907,109
Net income
$23,456
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$5.56$1.77$3.35$2.84$0.51
2023Detailed filing. Detailed filing data is available for this year.$6.99$5.73$1.26$3.25$2.71$0.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.89$6.16$0.72$3.15$2.50$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.47$6.40$0.07$3.16$2.51$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$6.89$0.59$3.05$2.36$0.69
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$7.27$1.28$3.29$2.37$0.91
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$7.17$2.19$2.02$2.00$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$7.38$2.21$2.00$2.01$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.41$7.62$2.21$1.99$1.99$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.62$7.83$2.21$1.90$1.96$0.06
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.81$7.96$2.14$1.85$1.94$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$8.12$2.06$1.93$1.91$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.15$8.24$2.08$1.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$8.34$2.01$1.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$8.48$1.93$1.80
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $5M-$10M nonprofits