Civic Intelligence

Belmont Boulevard Housing Development Fund Company Inc.

EIN 13-3276883 • 501(c)3 • Bronx, NY

Pub. 78 Eligible

Profile

To provide affordable subsidized housing for senior citizens and handicapped individuals under the section 202/08 program under the jurisdiction of the u.s. Dept of housing & urban development (h.u.d)

780 East 185th StreetBronx, NY 10460
Siviq Scores

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

Liabilities / Assets

99th percentile

4.97x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

5.07x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

60th percentile

9.5%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.1%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.1%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,654,993

Up $123,473 (+8.1%) from 2023

Liabilities

Down

$8,221,079

Down $30,453 (-0.4%) from 2023

Net Assets

Up

-$6,566,086

Up $153,926 (+2.3%) from 2023

Revenue

Up

$1,622,072

Up $48,934 (+3.1%) from 2023

Expenses

Up

$1,468,146

Up $168,194 (+13%) from 2023

Net Income

Down

$153,926

Down $119,260 (-44%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $3,697,742Liabilities 2011: $8,152,533Net Assets 2011: -$4,454,7912011Assets 2012: $3,377,684Liabilities 2012: $8,159,863Net Assets 2012: -$4,782,1792012Assets 2013: $3,086,492Liabilities 2013: $8,140,305Net Assets 2013: -$5,053,8132013Assets 2014: $2,816,298Liabilities 2014: $8,209,137Net Assets 2014: -$5,392,8392014Assets 2015: $2,477,695Liabilities 2015: $8,165,081Net Assets 2015: -$5,687,3862015Assets 2016: $2,332,363Liabilities 2016: $8,254,509Net Assets 2016: -$5,922,1462016Assets 2017: $2,159,997Liabilities 2017: $8,691,774Net Assets 2017: -$6,531,6772017Assets 2018: $1,622,369Liabilities 2018: $8,381,624Net Assets 2018: -$6,759,2552018Assets 2019: $1,286,589Liabilities 2019: $8,249,200Net Assets 2019: -$6,962,6112019Assets 2020: $1,057,583Liabilities 2020: $8,189,208Net Assets 2020: -$7,131,6252020Assets 2021: $1,198,562Liabilities 2021: $8,379,937Net Assets 2021: -$7,181,3752021Assets 2022: $1,350,902Liabilities 2022: $8,344,100Net Assets 2022: -$6,993,1982022Assets 2023: $1,531,520Liabilities 2023: $8,251,532Net Assets 2023: -$6,720,0122023Assets 2024: $1,654,993Liabilities 2024: $8,221,079Net Assets 2024: -$6,566,0862024

Highlighted filing

2024

Assets$1,654,993
Liabilities$8,221,079
Net Assets-$6,566,086

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $889,535Expenses 2011: $1,086,953Net Income 2011: -$197,4182011Revenue 2012: $877,067Expenses 2012: $1,204,455Net Income 2012: -$327,3882012Revenue 2013: $880,702Expenses 2013: $1,153,246Net Income 2013: -$272,5442013Revenue 2014: $868,735Expenses 2014: $1,207,761Net Income 2014: -$339,0262014Revenue 2015: $908,511Expenses 2015: $1,203,058Net Income 2015: -$294,5472015Revenue 2016: $1,010,763Expenses 2016: $1,245,523Net Income 2016: -$234,7602016Revenue 2017: $1,007,548Expenses 2017: $1,617,179Net Income 2017: -$609,6312017Revenue 2018: $1,155,661Expenses 2018: $1,882,231Net Income 2018: -$726,5702018Revenue 2019: $1,232,742Expenses 2019: $1,436,098Net Income 2019: -$203,3562019Revenue 2020: $1,207,864Expenses 2020: $1,372,649Net Income 2020: -$164,7852020Revenue 2021: $1,499,714Expenses 2021: $1,549,464Net Income 2021: -$49,7502021Revenue 2022: $1,518,607Expenses 2022: $1,330,430Net Income 2022: $188,1772022Revenue 2023: $1,573,138Expenses 2023: $1,299,952Net Income 2023: $273,1862023Revenue 2024: $1,622,072Expenses 2024: $1,468,146Net Income 2024: $153,9262024

Highlighted filing

2024

Revenue$1,622,072
Expenses$1,468,146
Net Income$153,926

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.65$8.22$6.57$1.62$1.47$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.53$8.25$6.72$1.57$1.30$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.35$8.34$6.99$1.52$1.33$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.20$8.38$7.18$1.50$1.55$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.06$8.19$7.13$1.21$1.37$0.16
2019Summary only. Only limited summary data is available for this year.$1.29$8.25$6.96$1.23$1.44$0.20
2018Summary only. Only limited summary data is available for this year.$1.62$8.38$6.76$1.16$1.88$0.73
2017Summary only. Only limited summary data is available for this year.$2.16$8.69$6.53$1.01$1.62$0.61
2016Summary only. Only limited summary data is available for this year.$2.33$8.25$5.92$1.01$1.25$0.23
2015Summary only. Only limited summary data is available for this year.$2.48$8.17$5.69$0.91$1.20$0.29
2014Summary only. Only limited summary data is available for this year.$2.82$8.21$5.39$0.87$1.21$0.34
2013Summary only. Only limited summary data is available for this year.$3.09$8.14$5.05$0.88$1.15$0.27
2012Summary only. Only limited summary data is available for this year.$3.38$8.16$4.78$0.88$1.20$0.33
2011Summary only. Only limited summary data is available for this year.$3.70$8.15$4.45$0.89$1.09$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.2
Gross Receipts
$1,622,072
Mission and Program Overview

Mission

To provide affordable subsidized housing for senior citizens and handicapped individuals under the section 202/08 program under the jurisdiction of the u.s. Dept of housing & urban development (h.u.d)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$578,512$816,153▲ $237,641
Savings and Temporary Cash Investments$754,147$709,962▼ $44,185
Prepaid Expenses and Deferred Charges$163,033$95,628▼ $67,405
Cash and Non-Interest-Bearing Accounts$24,964$26,689▲ $1,725
Accounts Receivable$10,864$6,561▼ $4,303
Total Assets$1,531,520$1,654,993▲ $123,473
Liabilities
Other Liabilities$8,114,386$8,112,816▼ $1,570
Accounts Payable and Accrued Expenses$82,540$74,621▼ $7,919
Mortgage Notes Payable Secured by Investment Property$54,606$33,642▼ $20,964
Total Liabilities$8,251,532$8,221,079▼ $30,453
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,720,012$-6,566,086▲ $153,926
Total Net Assets Fund Balance$-6,720,012$-6,566,086▲ $153,926
Total Liabilities and Net Assets / Fund Balance$1,531,520$1,654,993▲ $123,473

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$748,834$8,623,140$9,371,974
Equipment$19,319$170,455$189,774
Land$48,000-$48,000
Other Land Buildings-$19,475$19,475
Compensation and Service Providers

Board Members and Trustees

NameTitle
Consolato CicciuPresident
Paul FracassiVice President
Cecilia FerroSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,263,077
Program Service Revenue
$357,550
Investment Income
$152
Other Revenue
$1,293
Change in Net Assets
$153,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,622,072
Total Revenue per Audited Statements
$1,622,072
Total Revenue per Form 990
$1,622,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,265,770
Salaries, Compensation, and Employee Benefits$202,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$390,338--$390,338
Other Salaries and Wages$93,481$77,695-$171,176
Insurance$148,470--$148,470
Depreciation Depletion$106,311--$106,311
Fees for Services Management-$85,602-$85,602
Other Employee Benefits$31,200--$31,200
Office Expenses$29,141--$29,141
Fees for Services Other$24,850--$24,850
Fees for Services Accounting$12,000--$12,000
Fees for Services Legal$4,323--$4,323
Total Functional Expenses$1,304,849$163,297$0$1,468,146

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,468,146
Total Expenses per Audited Statements$1,468,146
Total Expenses per Form 990$1,468,146
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
Housing Assistance Program$8,084,100
Tenants Deposits$28,716
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Yes, the following officers have a family relationship with each other. Consolato cicciu, president, is brother to cecilia ferro, secretary.

Members or stockholder classes and rights Part VI line 6

Yes, the organization includes members only

Member election for additional members Part VI line 7A

Yes, the organization contains a board of directors that may elect one or more governing bodies

Governing body decisions Part VI line 7B

Yes, via a board meeting the decisions of the governing body are subject to approval by its members.

Form 990 governing body review Part VI line 11

The organization reviews the form 990 diligently updating any information that has changed from the prior years by holding a meeting between the controller of the company along with president and secretary. All procedures and policies are reviewed and discussed in its entirety.

Conflict of interest policy compliance Part VI line 12C

The organization regularly and consistently monitors and enforces compliance with its conflicts of interest policy by reviewing the working relationship of the hdfc to coincide with the projects rules and regulations mandated by hpd and other specialized programs that the hdfc are involved with on ongoing basis

CEO executive director top management comp Part VI line 15A

There is no compensation paid directly from this hdfc to anyone listed on the board of directors, nor the organizations key employees or top management. Any compensation paid is done so via the sponsor, which collects the management fees from this entity

Other officer or key employee compensation Part VI line 15B

N/a; there is no compensation paid directly from this hdfc to anyone listed on the board of directors, nor the organizations key employees or top management. Any compensation paid is done so via the sponsor, which collects the management fees from this entity

Governing documents etc available to public Part VI line 19

The organization makes its governing documents,conflict of interest policies and financial statements available to the public via a scheduled meeting of the board of directors and also upon request.

Filing and Contact Details

Filer

Filer Name
Belmont Boulevard Hdfc Inc
EIN
13-3276883
In Care Of
% CONSOLATO CICCIU
Phone
7185841932
Address
780 EAST 185TH STREET, BRONX, NY 10460

Signing Officer

Name
Consolato Cicciu President
Title
President
Phone
7183675300
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
10

Preparer

Firm
Luigi LaVerghetta CPA PC
Address
9 North Goodwin- Suite 2, Elmsford, NY 10523
Preparer
Luigi Laverghetta
Phone
9143806460
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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07421395
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt08623140
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IRS990ScheduleD/EquipmentGrp/BookValueAmt019319
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0170455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189774
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IRS990ScheduleD/LandGrp/BookValueAmt048000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt048000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18084100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HOUSING ASSISTANCE PROGRAM
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IRS990ScheduleD/TotalExpensesPerForm990Amt01468146
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES, THE FOLLOWING OFFICERS HAVE A FAMILY RELATIONSHIP WITH EACH OTHER. CONSOLATO CICCIU, PRESIDENT, IS BROTHER TO CECILIA FERRO, SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, THE ORGANIZATION INCLUDES MEMBERS ONLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, THE ORGANIZATION CONTAINS A BOARD OF DIRECTORS THAT MAY ELECT ONE OR MORE GOVERNING BODIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, VIA A BOARD MEETING THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE FORM 990 DILIGENTLY UPDATING ANY INFORMATION THAT HAS CHANGED FROM THE PRIOR YEARS BY HOLDING A MEETING BETWEEN THE CONTROLLER OF THE COMPANY ALONG WITH PRESIDENT AND SECRETARY. ALL PROCEDURES AND POLICIES ARE REVIEWED AND DISCUSSED IN ITS ENTIRETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICTS OF INTEREST POLICY BY REVIEWING THE WORKING RELATIONSHIP OF THE HDFC TO COINCIDE WITH THE PROJECTS RULES AND REGULATIONS MANDATED BY HPD AND OTHER SPECIALIZED PROGRAMS THAT THE HDFC ARE INVOLVED WITH ON ONGOING BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS NO COMPENSATION PAID DIRECTLY FROM THIS HDFC TO ANYONE LISTED ON THE BOARD OF DIRECTORS, NOR THE ORGANIZATIONS KEY EMPLOYEES OR TOP MANAGEMENT. ANY COMPENSATION PAID IS DONE SO VIA THE SPONSOR, WHICH COLLECTS THE MANAGEMENT FEES FROM THIS ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7N/A; THERE IS NO COMPENSATION PAID DIRECTLY FROM THIS HDFC TO ANYONE LISTED ON THE BOARD OF DIRECTORS, NOR THE ORGANIZATIONS KEY EMPLOYEES OR TOP MANAGEMENT. ANY COMPENSATION PAID IS DONE SO VIA THE SPONSOR, WHICH COLLECTS THE MANAGEMENT FEES FROM THIS ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA A SCHEDULED MEETING OF THE BOARD OF DIRECTORS AND ALSO UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONSOLATO CICCIU PRESIDENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07183675300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELMONT BOULEVARD HDFC INC
ReturnHeader/Filer/BusinessNameControlTxt0BELM
ReturnHeader/Filer/EIN0133276883
ReturnHeader/Filer/InCareOfNm0% CONSOLATO CICCIU
ReturnHeader/Filer/PhoneNum07185841932
ReturnHeader/Filer/USAddress/AddressLine1Txt0780 EAST 185TH STREET
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010460
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465389353
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Luigi LaVerghetta CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09 North Goodwin- Suite 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elmsford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010523
ReturnHeader/PreparerPersonGrp/PhoneNum09143806460
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUIGI LAVERGHETTA
ReturnHeader/ReturnTs02025-11-14T12:44:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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