Civic Intelligence

Melrose Villa Hermosa Housing Development Fund Company Inc.

990 • Fiscal year 2017 • EIN 13-3501749

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 01, 2018

Organization ProfileNONE
825 Melrose AvenueBronx, NY 10451

(718) 665-2747

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.25x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

8th percentile

-36%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

18th percentile

-3.9%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-1.8%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$8,052,765

Down $328,351 (-3.9%) from 2016

Net Assets

Down

$7,831,136

Down $317,224 (-3.9%) from 2016

Liabilities

Down

$221,629

Down $11,127 (-4.8%) from 2016

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin8th percentile

Revenue

Down

$882,042

Down $16,293 (-1.8%) from 2016

Expenses

Up

$1,199,266

Up $62,533 (+5.5%) from 2016

Net Income

Down

-$317,224

Down $78,826 (-33%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$10M$5.0M$0Assets 2010: $9,679,850Liabilities 2010: $383,075Net Assets 2010: $9,296,7752010Assets 2011: $9,232,064Liabilities 2011: $172,598Net Assets 2011: $9,059,4662011Assets 2012: $9,128,632Liabilities 2012: $176,656Net Assets 2012: $8,951,9762012Assets 2013: $9,000,420Liabilities 2013: $186,446Net Assets 2013: $8,813,9742013Assets 2014: $8,782,990Liabilities 2014: $191,464Net Assets 2014: $8,591,5262014Assets 2015: $8,578,138Liabilities 2015: $191,380Net Assets 2015: $8,386,7582015Assets 2016: $8,381,116Liabilities 2016: $232,756Net Assets 2016: $8,148,3602016Assets 2017: $8,052,765Liabilities 2017: $221,629Net Assets 2017: $7,831,1362017Assets 2018: $7,932,584Liabilities 2018: $365,446Net Assets 2018: $7,567,1382018Assets 2019: $7,603,222Liabilities 2019: $247,092Net Assets 2019: $7,356,1302019Assets 2020: $7,331,361Liabilities 2020: $181,017Net Assets 2020: $7,150,3442020Assets 2021: $7,115,357Liabilities 2021: $193,281Net Assets 2021: $6,922,0762021Assets 2022: $6,760,969Liabilities 2022: $298,551Net Assets 2022: $6,462,4182022Assets 2023: $6,377,154Liabilities 2023: $371,716Net Assets 2023: $6,005,4382023Assets 2024: $1,103,256Liabilities 2024: $104,936Net Assets 2024: $998,3202024

Highlighted filing

2017

Assets$8,052,765
Liabilities$221,629
Net Assets$7,831,136
Open 2017 Filing

Operations Trend

Revenue Growth30th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,007,8932010Expenses 2011: $978,4282011Expenses 2012: $993,4532012Revenue 2013: $900,418Expenses 2013: $1,038,420Net Income 2013: -$138,0022013Revenue 2014: $894,496Expenses 2014: $1,116,944Net Income 2014: -$222,4482014Revenue 2015: $889,291Expenses 2015: $1,094,059Net Income 2015: -$204,7682015Revenue 2016: $898,335Expenses 2016: $1,136,733Net Income 2016: -$238,3982016Revenue 2017: $882,042Expenses 2017: $1,199,266Net Income 2017: -$317,2242017Revenue 2018: $894,391Expenses 2018: $1,158,389Net Income 2018: -$263,9982018Revenue 2019: $999,154Expenses 2019: $1,167,740Net Income 2019: -$168,5862019Revenue 2020: $1,063,890Expenses 2020: $1,276,244Net Income 2020: -$212,3542020Revenue 2021: $1,025,552Expenses 2021: $1,253,820Net Income 2021: -$228,2682021Revenue 2022: $1,023,446Expenses 2022: $1,483,104Net Income 2022: -$459,6582022Revenue 2023: $1,036,108Expenses 2023: $1,493,088Net Income 2023: -$456,9802023Revenue 2024: $6,007,595Expenses 2024: $1,295,089Net Income 2024: $4,712,5062024

Highlighted filing

2017

Revenue$882,042
Expenses$1,199,266
Net Income-$317,224
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 1, 2018
Return Version
2017v2.3
Gross Receipts
$882,042
Mission and Program Overview

Mission

Low Income housing for elderly and disabled

Provide low income housing for elderly and disabled

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,438,143$7,177,231▼ $260,912
Accounts Receivable$296,080$246,873▼ $49,207
Prepaid Expenses and Deferred Charges$60,965$57,976▼ $2,989
Cash and Non-Interest-Bearing Accounts$66,288$5,060▼ $61,228
Total Assets$8,381,116$8,052,765▼ $328,351
Other Assets Total$519,640$565,625▲ $45,985
Liabilities
Accounts Payable and Accrued Expenses$232,756$221,629▼ $11,127
Total Liabilities$232,756$221,629▼ $11,127
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,373,258$8,134,860▼ $238,398
Unrestricted Net Assets$-224,898$-303,724▼ $78,826
Total Net Assets Fund Balance$8,148,360$7,831,136▼ $317,224
Total Liabilities and Net Assets / Fund Balance$8,381,116$8,052,765▼ $328,351

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,104,992$3,136,439$10,241,431
Equipment$44,486$70,785$115,271
Other Land Buildings$27,753$2,284$30,037
Other Assets Org$565,625--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Gloria AlstonPresident
Eugene DenegallVice President
Danny TorresBoard member
James FrancisBoard member
Miguel BonillaBoard member
Rev Bertram BennettBoard member
-Secretary
Yvonne JamesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$574,459
Program Service Revenue
$5,525
Investment Income
$0
Other Revenue
$302,058
Change in Net Assets
$-317,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$822,823
Salaries, Compensation, and Employee Benefits$376,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$273,658-$273,658
Other Salaries and Wages$181,264$83,691-$264,955
All Other Expenses$16,472$56,739-$73,211
Fees for Services Other-$72,854-$72,854
Other Expenses$62,558$8,394-$62,558
Fees for Services Management-$57,869-$57,869
Insurance$57,404--$57,404
Current Officers, Directors, Trustees, and Key Employees-$48,000-$48,000
Other Employee Benefits$35,953$11,220-$47,173
Fees for Services Accounting-$21,872-$21,872
Payroll Taxes$13,419--$13,419
Office Expenses-$12,597-$12,597
Pension Plan Contributions$2,896--$2,896
Total Functional Expenses$535,135$664,131$0$1,199,266
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
Federal income taxes-
Property taxes-
Overddraft Note 3-
Tenant Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line i11b

“Before the return is signed, each Board Member is given the draft and asked to review and comment, Any questios are discussed and resolved,”

Filing and Contact Details

Filer

Filer Name
Melrose Villa Hermosa Development Fund Company Inc
EIN
13-3501749
Phone
7186652747
Address
825 Melrose Avenue, Bronx, NY 10451

Signing Officer

Name
Betram Bennett
Title
President
Signed
2018-09-01
Discuss with paid preparer
No

Organization Details

Formed
2004
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
4

Preparer

Firm
Les S Thompson & Co LLP
Address
112 W 34th Street Flr 18, New York, NY 10120
Preparer
Les S Thompson
Phone
2124817634
Supplemental Narrative

Additional Explanations

Form 990, Part II, Line 19

“The documets are readily availabe to anyone who requests. Copies may be obtained in person or in writing.”

Raw XML AppendixShowing 400 of 407 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0662712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03171067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0245384
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0237517
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0232606
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0715507
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05100
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05100
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05100
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015300
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0651879
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0662712
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03171067
IRS990ScheduleA/TotalSupportAmt03901874
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07104992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03136439
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010241431
IRS990ScheduleD/EquipmentGrp/BookValueAmt044486
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0115271
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0565625
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposits - utilities
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenants Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Restricted Cash
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027753
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02284
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Property taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Overddraft Note 3
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Tenant Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07177231
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0565625
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Before the return is signed, each Board Member is given the draft and asked to review and comment, Any questios are discussed and resolved,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The documets are readily availabe to anyone who requests. Copies may be obtained in person or in writing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line i11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part II, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt08134860
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt08052765
IRS990/TotalAssetsGrp/BOYAmt08381116
IRS990/TotalAssetsGrp/EOYAmt08052765
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IRS990/TotalContributionsAmt0574459
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0664131
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0535135
IRS990/TotalFunctionalExpensesGrp/TotalAmt01199266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0232756
IRS990/TotalLiabilitiesEOYAmt0221629
IRS990/TotalLiabilitiesGrp/BOYAmt0232756
IRS990/TotalLiabilitiesGrp/EOYAmt0221629
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07831136
IRS990/TotalProgramServiceExpensesAmt0535135
IRS990/TotalProgramServiceRevenueAmt05525
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0882042
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08381116
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08052765
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-224898
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-303724
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0825 Melrose Avenue
IRS990/USAddress/CityNm0Bronx
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010451
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Betram Bennett
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Melrose Villa Hermosa Development Fund Company Inc
ReturnHeader/Filer/BusinessNameControlTxt0MELR
ReturnHeader/Filer/EIN0133501749
ReturnHeader/Filer/PhoneNum07186652747
ReturnHeader/Filer/USAddress/AddressLine1Txt0825 Melrose Avenue
ReturnHeader/Filer/USAddress/CityNm0Bronx
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010451
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CB5BC57FB2BC35073EC543714ED0BABEB7C1D15F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CB5BC57FB2BC35073EC543714ED0BABEB7C1D15F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.47.187.209
ReturnHeader/FilingSecurityInformation/IPDt02018-09-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:58:45
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Les S Thompson & Co LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0112 W 34th Street Flr 18
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010120
ReturnHeader/PreparerPersonGrp/PhoneNum02124817634
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-01

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,052,765
Liabilities
$221,629
Net assets
$7,831,136
Revenue
$882,042
Expenses
$1,199,266
Net income
-$317,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.10$1.00$6.01$1.30$4.71
2023Detailed filing. Detailed filing data is available for this year.$6.38$0.37$6.01$1.04$1.49$0.46
2022Detailed filing. Detailed filing data is available for this year.$6.76$0.30$6.46$1.02$1.48$0.46
2021Detailed filing. Detailed filing data is available for this year.$7.12$0.19$6.92$1.03$1.25$0.23
2020Detailed filing. Detailed filing data is available for this year.$7.33$0.18$7.15$1.06$1.28$0.21
2019Detailed filing. Detailed filing data is available for this year.$7.60$0.25$7.36$1.00$1.17$0.17
2018Detailed filing. Detailed filing data is available for this year.$7.93$0.37$7.57$0.89$1.16$0.26
2017Detailed filing. Detailed filing data is available for this year.$8.05$0.22$7.83$0.88$1.20$0.32
2016Detailed filing. Detailed filing data is available for this year.$8.38$0.23$8.15$0.90$1.14$0.24
2015Detailed filing. Detailed filing data is available for this year.$8.58$0.19$8.39$0.89$1.09$0.20
2014Detailed filing. Detailed filing data is available for this year.$8.78$0.19$8.59$0.89$1.12$0.22
2013Summary only. Only limited summary data is available for this year.$9.00$0.19$8.81$0.90$1.04$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$0.18$8.95$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.23$0.17$9.06$0.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.68$0.38$9.30$1.01