Civic Intelligence

Westbourne Housing Development Fund Company Inc

990 • Fiscal year 2018 • EIN 13-3394231

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 29, 2019

Organization ProfileWWW.WSFSSH.ORG
2345 BroadwayNew York, NY 10024

(212) 721-6032

Siviq Scores

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

Liabilities / Assets

47th percentile

0.64x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

55th percentile

3.49x

Higher debt load relative to revenue than 55% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Net Margin

66th percentile

6.6%

Higher net margin than 66% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$213,447

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Asset Growth

68th percentile

1.1%

Faster asset growth than 68% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

12%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$7,827,743

Up $86,829 (+1.1%) from 2017

Net Assets

Up

$2,853,238

Up $91,807 (+3.3%) from 2017

Liabilities

Down

$4,974,505

Down $4,978 (-0.1%) from 2017

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin66th percentile

Revenue

Up

$1,424,061

Up $151,803 (+12%) from 2017

Expenses

Up

$1,330,579

Up $62,543 (+4.9%) from 2017

Net Income

Up

$93,482

Up $89,260 (+2114%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$10M$5.0M$0Assets 2011: $7,401,568Liabilities 2011: $4,827,038Net Assets 2011: $2,574,5302011Assets 2012: $7,727,336Liabilities 2012: $5,014,674Net Assets 2012: $2,712,6622012Assets 2013: $8,573,390Liabilities 2013: $5,898,407Net Assets 2013: $2,674,9832013Assets 2014: $8,113,723Liabilities 2014: $5,414,477Net Assets 2014: $2,699,2462014Assets 2015: $8,014,821Liabilities 2015: $5,287,574Net Assets 2015: $2,727,2472015Assets 2016: $7,844,734Liabilities 2016: $5,077,752Net Assets 2016: $2,766,9822016Assets 2017: $7,740,914Liabilities 2017: $4,979,483Net Assets 2017: $2,761,4312017Assets 2018: $7,827,743Liabilities 2018: $4,974,505Net Assets 2018: $2,853,2382018Assets 2019: $7,700,371Liabilities 2019: $4,912,504Net Assets 2019: $2,787,8672019Assets 2020: $7,616,159Liabilities 2020: $4,780,468Net Assets 2020: $2,835,6912020Assets 2021: $7,642,119Liabilities 2021: $4,895,575Net Assets 2021: $2,746,5442021Assets 2022: $7,744,773Liabilities 2022: $5,002,743Net Assets 2022: $2,742,0302022Assets 2023: $8,181,292Liabilities 2023: $5,732,373Net Assets 2023: $2,448,9192023Assets 2024: $8,374,749Liabilities 2024: $6,542,544Net Assets 2024: $1,832,2052024

Highlighted filing

2018

Assets$7,827,743
Liabilities$4,974,505
Net Assets$2,853,238
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $895,5272011Revenue 2012: $1,162,434Expenses 2012: $1,024,302Net Income 2012: $138,1322012Revenue 2013: $1,047,889Expenses 2013: $1,085,568Net Income 2013: -$37,6792013Revenue 2014: $1,113,882Expenses 2014: $1,089,619Net Income 2014: $24,2632014Revenue 2015: $1,280,491Expenses 2015: $1,252,490Net Income 2015: $28,0012015Revenue 2016: $1,297,927Expenses 2016: $1,236,031Net Income 2016: $61,8962016Revenue 2017: $1,272,258Expenses 2017: $1,268,036Net Income 2017: $4,2222017Revenue 2018: $1,424,061Expenses 2018: $1,330,579Net Income 2018: $93,4822018Revenue 2019: $1,265,449Expenses 2019: $1,262,599Net Income 2019: $2,8502019Revenue 2020: $1,322,921Expenses 2020: $1,219,670Net Income 2020: $103,2512020Revenue 2021: $1,407,985Expenses 2021: $1,497,132Net Income 2021: -$89,1472021Revenue 2022: $1,409,398Expenses 2022: $1,413,912Net Income 2022: -$4,5142022Revenue 2023: $1,440,065Expenses 2023: $1,733,176Net Income 2023: -$293,1112023Revenue 2024: $1,327,815Expenses 2024: $1,944,529Net Income 2024: -$616,7142024

Highlighted filing

2018

Revenue$1,424,061
Expenses$1,330,579
Net Income$93,482
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 29, 2019
Return Version
2017v2.3
Gross Receipts
$1,424,061
Mission and Program Overview

Mission

A not-for-profit housing development corporation committed to developing, operating and managing housing for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,406,075$6,266,197▼ $139,878
Savings and Temporary Cash Investments$56,100$168,459▲ $112,359
Accounts Receivable$47,952$110,491▲ $62,539
Prepaid Expenses and Deferred Charges$14,561$13,835▼ $726
Cash and Non-Interest-Bearing Accounts$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$7,740,914$7,827,743▲ $86,829
Other Assets Total$1,216,226$1,268,761▲ $52,535
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,665,028$4,665,028→ $0
Other Liabilities$257,267$244,452▼ $12,815
Accounts Payable and Accrued Expenses$50,101$58,865▲ $8,764
Deferred Revenue$7,087$6,160▼ $927
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,979,483$4,974,505▼ $4,978
Net Assets / Fund Balance
Unrestricted Net Assets$2,761,431$2,853,238▲ $91,807
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,761,431$2,853,238▲ $91,807
Total Liabilities and Net Assets / Fund Balance$7,740,914$7,827,743▲ $86,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,327,884$922,768$5,250,652
Land$1,850,000-$1,850,000
Equipment$88,313$392,327$480,640
Other Assets Org$20,747--
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Mr Sheldon J FinePresident
Mr Paul R FreitagVice President/secretary
Ms Laura M TavorminaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,000
Program Service Revenue
$1,287,042
Investment Income
$12,019
Other Revenue
$0
Change in Net Assets
$93,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$826,187
Salaries, Compensation, and Employee Benefits$504,392
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$391,581--$391,581
Depreciation Depletion$193,249--$193,249
Fees for Services Management-$97,566-$97,566
Other Employee Benefits$74,338--$74,338
Fees for Services Legal$72,545--$72,545
All Other Expenses$63,991--$63,991
Insurance$57,626--$57,626
Payroll Taxes$30,046--$30,046
Information Technology$12,048--$12,048
Fees for Services Accounting-$10,000-$10,000
Fees for Services Other$9,961--$9,961
Pension Plan Contributions$8,427--$8,427
Office Expenses$5,524--$5,524
Other Expenses$2,725--$2,725
Conferences and Meetings$1,060--$1,060
Travel$71--$71
Total Functional Expenses$1,223,013$107,566$0$1,330,579
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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 Affiliate$223,136
Tenant Security Payable$20,747
Due to Residents$569
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI, Section B, Line 11A

“The form 990 is distributed to the full board of directors for their review and approval prior to filing.”

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

“The conflict of interest statements are distributed for completion to all directors and officers annually. All statements are reviewed by the entire board and maintained by the vice-president.”

Form 990, Part VI, Section B, Line 15B

“Neither the vice-president nor the treasurer is compensated by the filing organization. However, both are compensated by a related organization, west side federation for senior & supportive housing inc., which is a controlling entity of filing organization.”

Form 990, Part VI, Section C, Line 19

“The organization makes the following governance documents available for public inspection upon request: 1. Articles of incorporation 2. By-laws 3. Irs determination letter 4. Conflict of interest policy 5. Audited consolidated financial statements 6. Form 990”

Filing and Contact Details

Filer

Filer Name
Westbourne Housing Development
EIN
13-3394231
In Care Of
% WSFSSH C/O NANDA WIN
Phone
2127216032
Address
2345 Broadway, New York, NY 10024

Signing Officer

Name
Paul Freitag
Title
Executive Director
Phone
2127216032
Signed
2019-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Freitag Vpsecretary
Formed
1987
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Eisneramper Llp
Address
750 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Candice Meth
Phone
2129498700
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 7:

“THERE ARE NO EMPLOYEES REPORTED ON IRS FORM W-3, TRANSMITTAL OF WAGE AND TAX STATEMENTS (SEE PART V LINE 2 (A)) BECAUSE THE PAYROLL FUNCTION OF THE FILING ORGANIZATION IS PROVIDED BY A RELATED NOT-FOR-PROFIT ORGANIZATION, WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING, INC. (SEE SCHEDULE R PART V). THE salaries and wages reported in Form 990 Part IX line 7 represents the allocated salaries and wages of the 46 employees that worked for the filing organization DURING THE REPORTING PERIOD.”

Form 990, Part XI, Line 9

“Loss on uncollectible receivables of $1,675”

Financial Statement Notes

Schedule D, Part X, Line 2

“The Organization is subject to the provisions of the Financial Accounting Standards Board's (The "FASB") Accounting Standards Codification ("ASC") Topic 740, "Income Taxes," relating to accounting and reporting for uncertainty in income taxes. Because of the Organization's general tax-exempt status, management believes ASC TOPIC 740 has not had, and is not expected to have, a material impact on its consolidated financial statements.”

Raw XML AppendixShowing 400 of 956 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt050101
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt058865
IRS990/AccountsReceivableGrp/BOYAmt047952
IRS990/AccountsReceivableGrp/EOYAmt0110491
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION COMMITTED TO DEVELOPING, OPERATING AND MANAGING HOUSING FOR PERSONS OF LOW INCOME.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt063991
IRS990/AllOtherExpensesGrp/TotalAmt063991
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0WSFSSH CO NANDA WIN
IRS990/BooksInCareOfDetail/PhoneNum02127216032
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02345 BROADWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010024
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01060
IRS990/ConferencesMeetingsGrp/TotalAmt01060
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0125000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt012019
IRS990/CYOtherExpensesAmt0826187
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01287042
IRS990/CYRevenuesLessExpensesAmt093482
IRS990/CYSalariesCompEmpBnftPaidAmt0504392
IRS990/CYTotalExpensesAmt01330579
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01424061
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt07087
IRS990/DeferredRevenueGrp/EOYAmt06160
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0193249
IRS990/DepreciationDepletionGrp/TotalAmt0193249
IRS990/Desc0Developing, operating and managing housing for persons of low income.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt01223013
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010000
IRS990/FeesForServicesAccountingGrp/TotalAmt010000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt072545
IRS990/FeesForServicesLegalGrp/TotalAmt072545
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt097566
IRS990/FeesForServicesManagementGrp/TotalAmt097566
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt09961
IRS990/FeesForServicesOtherGrp/TotalAmt09961
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt06.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt146.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt246.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt112075
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt213654
IRS990/Form990PartVIISectionAGrp/PersonNm0MR SHELDON J FINE
IRS990/Form990PartVIISectionAGrp/PersonNm1MS LAURA M TAVORMINA
IRS990/Form990PartVIISectionAGrp/PersonNm2MR PAUL R FREITAG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1147169
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2199793
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT/SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0125000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01424061
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt012048
IRS990/InformationTechnologyGrp/TotalAmt012048
IRS990/InsuranceGrp/ProgramServicesAmt057626
IRS990/InsuranceGrp/TotalAmt057626
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt012019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012019
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01315095
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06406075
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06266197
IRS990/LandBldgEquipCostOrOtherBssAmt07581292
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION COMMITTED TO DEVELOPING, OPERATING AND MANAGING HOUSING FOR PERSONS OF LOW INCOME.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04665028
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04665028
IRS990/NetAssetsOrFundBalancesBOYAmt02761431
IRS990/NetAssetsOrFundBalancesEOYAmt02853238
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt05524
IRS990/OfficeExpensesGrp/TotalAmt05524
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01216226
IRS990/OtherAssetsTotalGrp/EOYAmt01268761
IRS990/OtherChangesInNetAssetsAmt0-1675
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt074338
IRS990/OtherEmployeeBenefitsGrp/TotalAmt074338
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT MAINT & REPAIR
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3SOCIAL & RECREATIONAL
IRS990/OtherExpensesGrp/ProgramServicesAmt0134299
IRS990/OtherExpensesGrp/ProgramServicesAmt1144860
IRS990/OtherExpensesGrp/ProgramServicesAmt220662
IRS990/OtherExpensesGrp/ProgramServicesAmt32725
IRS990/OtherExpensesGrp/TotalAmt0134299
IRS990/OtherExpensesGrp/TotalAmt1144860
IRS990/OtherExpensesGrp/TotalAmt220662
IRS990/OtherExpensesGrp/TotalAmt32725
IRS990/OtherLiabilitiesGrp/BOYAmt0257267
IRS990/OtherLiabilitiesGrp/EOYAmt0244452
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0391581
IRS990/OtherSalariesAndWagesGrp/TotalAmt0391581
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt030046
IRS990/PayrollTaxesGrp/TotalAmt030046
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08427
IRS990/PensionPlanContributionsGrp/TotalAmt08427
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014561
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013835
IRS990/PrincipalOfficerNm0PAUL FREITAG VPSECRETARY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1REFRIGERATION AND AIR CONDITION REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01283514
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01283514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13528
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012071
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0738119
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01260187
IRS990/PYRevenuesLessExpensesAmt04222
IRS990/PYSalariesCompEmpBnftPaidAmt0529917
IRS990/PYTotalExpensesAmt01268036
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01272258
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt093482
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01287042
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056100
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0168459
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07381
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017559
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt065064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01287042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01260187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01290546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01264457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01096323
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06198555
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07381
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017559
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt065064
IRS990ScheduleA/InvestmentIncomeCYPct00.01018
IRS990ScheduleA/InvestmentIncomePYPct00.00934
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98982
IRS990ScheduleA/PublicSupportPY509Pct00.99035
IRS990ScheduleA/PublicSupportTotal509Amt06323555
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01412042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01260187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01290546
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01264457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01096323
IRS990ScheduleA/Total509Grp/TotalAmt06323555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01424061
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01272258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01297927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01280491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01113882
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06388619
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04327884
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0922768
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05250652
IRS990ScheduleD/EquipmentGrp/BookValueAmt088313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0392327
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0480640
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01850000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01850000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01243769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14245
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220747
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS - TENANTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020747
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1223136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RESIDENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is subject to the provisions of the Financial Accounting Standards Board's (The "FASB") Accounting Standards Codification ("ASC") Topic 740, "Income Taxes," relating to accounting and reporting for uncertainty in income taxes. Because of the Organization's general tax-exempt status, management believes ASC TOPIC 740 has not had, and is not expected to have, a material impact on its consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06266197
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01268761
IRS990ScheduleD/TotalLiabilityAmt0244452
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0147169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1199793
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04415
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07660
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt17660
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,827,743
Liabilities
$4,974,505
Net assets
$2,853,238
Revenue
$1,424,061
Expenses
$1,330,579
Net income
$93,482
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.37$6.54$1.83$1.33$1.94$0.62
2023Detailed filing. Detailed filing data is available for this year.$8.18$5.73$2.45$1.44$1.73$0.29
2022Detailed filing. Detailed filing data is available for this year.$7.74$5.00$2.74$1.41$1.41$0.00
2021Detailed filing. Detailed filing data is available for this year.$7.64$4.90$2.75$1.41$1.50$0.09
2020Detailed filing. Detailed filing data is available for this year.$7.62$4.78$2.84$1.32$1.22$0.10
2019Detailed filing. Detailed filing data is available for this year.$7.70$4.91$2.79$1.27$1.26$0.00
2018Detailed filing. Detailed filing data is available for this year.$7.83$4.97$2.85$1.42$1.33$0.09
2017Detailed filing. Detailed filing data is available for this year.$7.74$4.98$2.76$1.27$1.27$0.00
2016Detailed filing. Detailed filing data is available for this year.$7.84$5.08$2.77$1.30$1.24$0.06
2015Detailed filing. Detailed filing data is available for this year.$8.01$5.29$2.73$1.28$1.25$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.11$5.41$2.70$1.11$1.09$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.57$5.90$2.67$1.05$1.09$0.04
2012Summary only. Only limited summary data is available for this year.$7.73$5.01$2.71$1.16$1.02$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.40$4.83$2.57$0.90