Civic Intelligence

2136 Crotona Parkway H D F C

990 • Fiscal year 2015 • EIN 13-3510007

Jul 01, 2014 to Jun 30, 2015 • Filed on May 09, 2016

902 Broadway 13th FloorNew York, NY 10010-6033

(212) 243-9090

Siviq Scores

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

Liabilities / Assets

82nd percentile

1.20x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

5.42x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Net Margin

15th percentile

-40%

Higher net margin than 15% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$762,050

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 64.1% of source-year revenue.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Asset Growth

6th percentile

-7.8%

Faster asset growth than 6% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-11%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$5,377,371

Down $453,293 (-7.8%) from 2014

Net Assets

Down

-$1,061,347

Down $478,334 (-82%) from 2014

Liabilities

Up

$6,438,718

Up $25,041 (+0.4%) from 2014

Revenue

Down

$1,188,219

Down $152,550 (-11%) from 2014

Expenses

Down

$1,668,002

Down $56,379 (-3.3%) from 2014

Net Income

Down

-$479,783

Down $96,171 (-25%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $6,877,349Liabilities 2011: $6,349,209Net Assets 2011: $528,1402011Assets 2012: $6,541,287Liabilities 2012: $6,324,661Net Assets 2012: $216,6262012Assets 2013: $6,194,374Liabilities 2013: $6,396,115Net Assets 2013: -$201,7412013Assets 2014: $5,830,664Liabilities 2014: $6,413,677Net Assets 2014: -$583,0132014Assets 2015: $5,377,371Liabilities 2015: $6,438,718Net Assets 2015: -$1,061,3472015Assets 2016: $5,501,150Liabilities 2016: $6,843,861Net Assets 2016: -$1,342,7112016Assets 2017: $6,215,661Liabilities 2017: $7,674,128Net Assets 2017: -$1,458,4672017Assets 2018: $5,679,493Liabilities 2018: $7,305,444Net Assets 2018: -$1,625,9512018Assets 2019: $5,203,359Liabilities 2019: $7,526,702Net Assets 2019: -$2,323,3432019Assets 2020: $5,213,469Liabilities 2020: $7,747,307Net Assets 2020: -$2,533,8382020Assets 2021: $5,150,614Liabilities 2021: $7,785,544Net Assets 2021: -$2,634,9302021Assets 2022: $5,014,673Liabilities 2022: $7,503,749Net Assets 2022: -$2,489,0762022

Highlighted filing

2015

Assets$5,377,371
Liabilities$6,438,718
Net Assets-$1,061,347

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,711,2082011Expenses 2012: $1,729,6532012Revenue 2013: $1,360,646Expenses 2013: $1,770,961Net Income 2013: -$410,3152013Revenue 2014: $1,340,769Expenses 2014: $1,724,381Net Income 2014: -$383,6122014Revenue 2015: $1,188,219Expenses 2015: $1,668,002Net Income 2015: -$479,7832015Revenue 2016: $1,615,013Expenses 2016: $1,897,493Net Income 2016: -$282,4802016Revenue 2017: $2,098,304Expenses 2017: $2,210,602Net Income 2017: -$112,2982017Revenue 2018: $2,092,741Expenses 2018: $2,252,975Net Income 2018: -$160,2342018Revenue 2019: $1,663,689Expenses 2019: $2,361,942Net Income 2019: -$698,2532019Revenue 2020: $2,168,749Expenses 2020: $2,367,632Net Income 2020: -$198,8832020Revenue 2021: $1,405,804Expenses 2021: $1,506,896Net Income 2021: -$101,0922021Revenue 2022: $6,182Expenses 2022: $28,850Net Income 2022: -$22,6682022

Highlighted filing

2015

Revenue$1,188,219
Expenses$1,668,002
Net Income-$479,783
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$1,188,219
Mission and Program Overview

Mission

2136 crotona parkway housing development fund corporation was formed to develop, own, and operate a 63-unit housing project, located in the bronx, ny, which primarily provides temporary housing to formerly homeless families.

2136 crotona parkway hdfc was formed to develop, own, and operate a 63-unit housing project, located in the bronx,ny, to provide temp. And permanent housing to homeless families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,315,965$3,111,548▼ $204,417
Accounts Receivable$72,951$224,545▲ $151,594
Prepaid Expenses and Deferred Charges$8,605$15,347▲ $6,742
Savings and Temporary Cash Investments$115,786$2,517▼ $113,269
Cash and Non-Interest-Bearing Accounts$38,735$2,447▼ $36,288
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$5,830,664$5,377,371▼ $453,293
Other Assets Total$2,278,622$2,020,967▼ $257,655
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,166,596$4,166,596→ $0
Other Liabilities$2,019,897$2,019,897→ $0
Accounts Payable and Accrued Expenses$213,738$238,779▲ $25,041
Deferred Revenue$13,446$13,446→ $0
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$6,413,677$6,438,718▲ $25,041
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-583,013$-1,061,347▼ $478,334
Total Net Assets Fund Balance$-583,013$-1,061,347▼ $478,334
Total Liabilities and Net Assets / Fund Balance$5,830,664$5,377,371▼ $453,293

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,102,807$4,115,906$7,218,713
Equipment$8,741$311,752$320,493
Other Land Buildings$0$14,075$14,075
Other Assets Org$1,070--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam WeinsteinPresident/CEO
Matthew KellyVice President
Michael WadmanVice President
James Robert Pigott JrVice President and Secretary
Justin GinsburghDirector
Brian BrickerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Phipps Neighborhoods INCSocial Services902 BROADWAY 13TH FLOOR, New York, NY 10010$771,188
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,185,725
Investment Income
$94
Other Revenue
$2,400
Change in Net Assets
$-479,783

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,188,219
Total Revenue per Audited Statements
$1,188,219
Total Revenue per Form 990
$1,188,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,472,726
Salaries, Compensation, and Employee Benefits$195,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$306,169--$306,169
Depreciation Depletion$182,754--$182,754
Other Salaries and Wages$57,705$75,581-$133,286
Fees for Services Management-$82,507-$82,507
Other Employee Benefits$16,030$20,996-$37,026
Fees for Services Accounting-$26,510-$26,510
Insurance$17,107--$17,107
Pension Plan Contributions$6,449$8,446-$14,895
Office Expenses-$12,993-$12,993
Payroll Taxes$4,359$5,710-$10,069
Other Expenses$800,462$9,396-$9,396
All Other Expenses-$5,484-$5,484
Fees for Services Other-$2,358-$2,358
Information Technology-$1,260-$1,260
Fees for Services Legal-$565-$565
Total Functional Expenses$1,391,035$276,967$0$1,668,002

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,668,002
Total Expenses per Audited Statements$1,668,002
Total Expenses per Form 990$1,668,002
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
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
Reserve for Debt Service$2,019,897
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

The sole member of the organization is phipps houses.

FORM 990, PART VI, SECTION A, LINE 7A:

As the sole member of the organization, phipps houses has the right to elect the members of the organization's board of directors.

FORM 990, PART VI, SECTION A, LINE 7B:

Under new york state law, certain governance decisions require membership approval.

FORM 990, PART VI, SECTION B, LINE 11B:

Members of the organization's governing body review the form 990 for accuracy of content and discuss as necessary.

FORM 990, PART VI, SECTION B, LINE 12C:

Officers and directors must complete and certify annually a list of conflicts of interest.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization does not compensate any officers or key employees.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VII, SECTION A:

The compensation of the president and ceo (paid by phipps houses) reflects his contributions to all affiliated entities. On a consolidated basis, in 2014, the phipps houses group had revenue of $169 million and assets of $1.058 billion.

Filing and Contact Details

Filer

Filer Name
2136 Crotona Parkway Hdfc
EIN
13-3510007
In Care Of
% BRIAN BRICKER
Phone
2122439090
Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY 10010-6033

Signing Officer

Name
Brian Bricker
Title
Treasurer
Phone
2122439090
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Weinstein
Formed
1988
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
1
Employees
3
Volunteers
1

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Postretirement benefit adjustment

Financial Statement Notes

PART X, LINE 2:

2136 Crotona Parkway Housing Development Fund Corporation has not taken an unsubstantiated tax position that would require provision of a liability under ASC No. 740, "Income Taxes" and Accounting Standards Update 2009-06, "Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities." As of June 30, 2015, the years still subject to audit are fiscal 2012 through 2015.

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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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IRS990/MissionDesc02136 CROTONA PARKWAY HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO DEVELOP, OWN, AND OPERATE A 63-UNIT HOUSING PROJECT, LOCATED IN THE BRONX, NY, TO PROVIDE TEMPORARY AND PERMANENT HOUSING TO HOMELESS FAMILIES.
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IRS990/PrincipalOfficerNm0ADAM WEINSTEIN
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE ESCROW ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVE FOR DEBT SERVICE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt02136 Crotona Parkway Housing Development Fund Corporation has not taken an unsubstantiated tax position that would require provision of a liability under ASC No. 740, "Income Taxes" and Accounting Standards Update 2009-06, "Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities." As of June 30, 2015, the years still subject to audit are fiscal 2012 through 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03111548

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