Civic Intelligence

Westbourne Housing Development Fund Company Inc

990 • Fiscal year 2019 • EIN 13-3394231

Jul 01, 2018 to Jun 30, 2019 • Filed on May 01, 2020

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

50th percentile

0.64x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

3.88x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Net Margin

52nd percentile

0.2%

Higher net margin than 52% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$239,048

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Asset Growth

50th percentile

-1.6%

Faster asset growth than 50% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-11%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$7,700,371

Down $127,372 (-1.6%) from 2018

Net Assets

Down

$2,787,867

Down $65,371 (-2.3%) from 2018

Liabilities

Down

$4,912,504

Down $62,001 (-1.2%) from 2018

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin52nd percentile

Revenue

Down

$1,265,449

Down $158,612 (-11%) from 2018

Expenses

Down

$1,262,599

Down $67,980 (-5.1%) from 2018

Net Income

Down

$2,850

Down $90,632 (-97%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2019

Assets$7,700,371
Liabilities$4,912,504
Net Assets$2,787,867
Open 2019 Filing

Operations Trend

Revenue Growth15th 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

2019

Revenue$1,265,449
Expenses$1,262,599
Net Income$2,850
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 1, 2020
Return Version
2018v3.3
Gross Receipts
$1,265,449
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$6,266,197$6,197,835▼ $68,362
Savings and Temporary Cash Investments$168,459$113,362▼ $55,097
Accounts Receivable$110,491$44,709▼ $65,782
Prepaid Expenses and Deferred Charges$13,835$14,286▲ $451
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$7,827,743$7,700,371▼ $127,372
Other Assets Total$1,268,761$1,330,179▲ $61,418
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,665,028$4,665,028→ $0
Other Liabilities$244,452$191,128▼ $53,324
Accounts Payable and Accrued Expenses$58,865$49,320▼ $9,545
Deferred Revenue$6,160$7,028▲ $868
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$4,974,505$4,912,504▼ $62,001
Net Assets / Fund Balance
Unrestricted Net Assets$2,853,238$2,787,867▼ $65,371
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,853,238$2,787,867▼ $65,371
Total Liabilities and Net Assets / Fund Balance$7,827,743$7,700,371▼ $127,372

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,287,851$1,055,188$5,343,039
Land$1,850,000-$1,850,000
Equipment$59,984$433,605$493,589
Other Assets Org$19,659--
Compensation and Service Providers
Top Officer Pay70th 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
$0
Program Service Revenue
$1,241,311
Investment Income
$24,138
Other Revenue
$0
Change in Net Assets
$2,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$750,504
Salaries, Compensation, and Employee Benefits$512,095
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$399,093--$399,093
Depreciation Depletion$173,698--$173,698
Fees for Services Management-$98,902-$98,902
Other Employee Benefits$72,967--$72,967
Insurance$57,070--$57,070
Office Expenses$45,321--$45,321
Fees for Services Other$33,354--$33,354
Fees for Services Legal$32,646--$32,646
Payroll Taxes$31,006--$31,006
All Other Expenses$21,076--$21,076
Information Technology$13,700--$13,700
Fees for Services Accounting-$9,139-$9,139
Pension Plan Contributions$9,029--$9,029
Conferences and Meetings$520--$520
Other Expenses$385--$385
Travel$105--$105
Total Functional Expenses$1,154,558$108,041$0$1,262,599
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$169,641
Tenant Security Payable$19,659
Due to Residents$1,828
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
Yes

Governance Explanations

Form 990 Part VI, Section A, Line 3

“The board of directors of the organization designated nanda win, cfo of west side federation for senior & supportive housing, inc, which is the controlling entity of the organization, the authority to prepare and sign the organization's annual tax compliance filings for fiscal 2019. 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 the 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
2020-05-01
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

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 44 employees that worked for the filing organization DURING THE REPORTING PERIOD.”

Form 990, Part XI, Line 9

“Loss on uncollectible receivables of $68,221.”

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 935 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/BOYAmt058865
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt049320
IRS990/AccountsReceivableGrp/BOYAmt0110491
IRS990/AccountsReceivableGrp/EOYAmt044709
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/ProgramServicesAmt021076
IRS990/AllOtherExpensesGrp/TotalAmt021076
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/ProgramServicesAmt0520
IRS990/ConferencesMeetingsGrp/TotalAmt0520
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt024138
IRS990/CYOtherExpensesAmt0750504
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01241311
IRS990/CYRevenuesLessExpensesAmt02850
IRS990/CYSalariesCompEmpBnftPaidAmt0512095
IRS990/CYTotalExpensesAmt01262599
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01265449
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt06160
IRS990/DeferredRevenueGrp/EOYAmt07028
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0173698
IRS990/DepreciationDepletionGrp/TotalAmt0173698
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/ExpenseAmt01154558
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09139
IRS990/FeesForServicesAccountingGrp/TotalAmt09139
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt032646
IRS990/FeesForServicesLegalGrp/TotalAmt032646
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt098902
IRS990/FeesForServicesManagementGrp/TotalAmt098902
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt033354
IRS990/FeesForServicesOtherGrp/TotalAmt033354
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/OtherCompensationAmt115058
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt221045
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/ReportableCompFromRltdOrgAmt1147138
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2218003
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/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01265449
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt013700
IRS990/InformationTechnologyGrp/TotalAmt013700
IRS990/InsuranceGrp/ProgramServicesAmt057070
IRS990/InsuranceGrp/TotalAmt057070
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt024138
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024138
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01488794
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06266197
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06197835
IRS990/LandBldgEquipCostOrOtherBssAmt07686629
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/NetAssetsOrFundBalancesBOYAmt02853238
IRS990/NetAssetsOrFundBalancesEOYAmt02787867
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt045321
IRS990/OfficeExpensesGrp/TotalAmt045321
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01268761
IRS990/OtherAssetsTotalGrp/EOYAmt01330179
IRS990/OtherChangesInNetAssetsAmt0-68221
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt072967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt072967
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT MAINT & REPAIR
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3SOCIAL & RECREATIONAL
IRS990/OtherExpensesGrp/ProgramServicesAmt0133822
IRS990/OtherExpensesGrp/ProgramServicesAmt1104607
IRS990/OtherExpensesGrp/ProgramServicesAmt226159
IRS990/OtherExpensesGrp/ProgramServicesAmt3385
IRS990/OtherExpensesGrp/TotalAmt0133822
IRS990/OtherExpensesGrp/TotalAmt1104607
IRS990/OtherExpensesGrp/TotalAmt226159
IRS990/OtherExpensesGrp/TotalAmt3385
IRS990/OtherLiabilitiesGrp/BOYAmt0244452
IRS990/OtherLiabilitiesGrp/EOYAmt0191128
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0399093
IRS990/OtherSalariesAndWagesGrp/TotalAmt0399093
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt031006
IRS990/PayrollTaxesGrp/TotalAmt031006
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09029
IRS990/PensionPlanContributionsGrp/TotalAmt09029
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013835
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014286
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/RelatedOrExemptFuncIncomeAmt01238169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01238169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13142
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0125000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012019
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0826187
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01287042
IRS990/PYRevenuesLessExpensesAmt093482
IRS990/PYSalariesCompEmpBnftPaidAmt0504392
IRS990/PYTotalExpensesAmt01330579
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01424061
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02850
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01241311
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0168459
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0113362
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07381
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016034
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt071643
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01241311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01287042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01260187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01290546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01264457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06343543
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07381
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt071643
IRS990ScheduleA/InvestmentIncomeCYPct00.01095
IRS990ScheduleA/InvestmentIncomePYPct00.01018
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98905
IRS990ScheduleA/PublicSupportPY509Pct00.98982
IRS990ScheduleA/PublicSupportTotal509Amt06468543
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01241311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01412042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01260187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01290546
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01264457
IRS990ScheduleA/Total509Grp/TotalAmt06468543
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01265449
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01424061
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01272258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01297927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01280491
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06540186
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04287851
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01055188
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05343039
IRS990ScheduleD/EquipmentGrp/BookValueAmt059984
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0433605
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0493589
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01850000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01850000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01305365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15155
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219659
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS - TENANTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1169641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21828
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/TotalBookValueLandBuildingsAmt06197835
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01330179
IRS990ScheduleD/TotalLiabilityAmt0191128
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/CompensationBasedOnRltdOrgsAmt0147138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1218003
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04414
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010644
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt114505
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,700,371
Liabilities
$4,912,504
Net assets
$2,787,867
Revenue
$1,265,449
Expenses
$1,262,599
Net income
$2,850
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