Civic Intelligence

Crotona Park West Housing Development Fund Corporation

990 • Fiscal year 2023 • EIN 13-3514343

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 09, 2024

Organization ProfileN/A
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

99th percentile

2.64x

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

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

7.64x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Net Margin

17th percentile

-29%

Higher net margin than 17% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$968,887

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2023 filings • NTEE L • $10M-$25M nonprofits • Source year 2023

Asset Growth

13th percentile

-4.9%

Faster asset growth than 13% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

2.3%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$21,911,177

Down $1,130,346 (-4.9%) from 2022

Net Assets

Down

-$35,859,078

Down $2,036,635 (-6.0%) from 2022

Liabilities

Up

$57,770,255

Up $906,289 (+1.6%) from 2022

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin17th percentile

Revenue

Up

$7,561,810

Up $173,445 (+2.3%) from 2022

Expenses

Up

$9,750,914

Up $146,165 (+1.5%) from 2022

Net Income

Up

-$2,189,104

Up $27,280 (+1.2%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$100M$50M$0-$50MAssets 2011: $30,553,919Liabilities 2011: $50,043,623Net Assets 2011: -$19,489,7042011Assets 2012: $29,687,174Liabilities 2012: $50,524,762Net Assets 2012: -$20,837,5882012Assets 2013: $28,848,489Liabilities 2013: $51,110,629Net Assets 2013: -$22,262,1402013Assets 2014: $27,658,938Liabilities 2014: $51,517,594Net Assets 2014: -$23,858,6562014Assets 2015: $27,240,455Liabilities 2015: $52,364,025Net Assets 2015: -$25,123,5702015Assets 2016: $26,644,812Liabilities 2016: $52,371,305Net Assets 2016: -$25,726,4932016Assets 2017: $26,546,551Liabilities 2017: $53,074,110Net Assets 2017: -$26,527,5592017Assets 2018: $26,111,387Liabilities 2018: $53,574,012Net Assets 2018: -$27,462,6252018Assets 2019: $25,826,097Liabilities 2019: $54,356,282Net Assets 2019: -$28,530,1852019Assets 2020: $24,735,989Liabilities 2020: $54,684,136Net Assets 2020: -$29,948,1472020Assets 2021: $24,353,081Liabilities 2021: $55,957,494Net Assets 2021: -$31,604,4132021Assets 2022: $23,041,523Liabilities 2022: $56,863,966Net Assets 2022: -$33,822,4432022Assets 2023: $21,911,177Liabilities 2023: $57,770,255Net Assets 2023: -$35,859,0782023Assets 2024: $20,249,432Liabilities 2024: $57,386,603Net Assets 2024: -$37,137,1712024

Highlighted filing

2023

Assets$21,911,177
Liabilities$57,770,255
Net Assets-$35,859,078
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $6,294,0942011Expenses 2012: $6,788,8002012Revenue 2013: $5,561,250Expenses 2013: $6,944,051Net Income 2013: -$1,382,8012013Revenue 2014: $5,811,456Expenses 2014: $7,420,102Net Income 2014: -$1,608,6462014Revenue 2015: $6,094,936Expenses 2015: $7,367,273Net Income 2015: -$1,272,3372015Revenue 2016: $6,287,105Expenses 2016: $6,895,744Net Income 2016: -$608,6392016Revenue 2017: $6,707,695Expenses 2017: $7,490,437Net Income 2017: -$782,7422017Revenue 2018: $6,809,106Expenses 2018: $7,705,762Net Income 2018: -$896,6562018Revenue 2019: $6,913,734Expenses 2019: $7,986,048Net Income 2019: -$1,072,3142019Revenue 2020: $7,035,959Expenses 2020: $8,389,813Net Income 2020: -$1,353,8542020Revenue 2021: $7,261,955Expenses 2021: $8,884,108Net Income 2021: -$1,622,1532021Revenue 2022: $7,388,365Expenses 2022: $9,604,749Net Income 2022: -$2,216,3842022Revenue 2023: $7,561,810Expenses 2023: $9,750,914Net Income 2023: -$2,189,1042023Revenue 2024: $7,751,111Expenses 2024: $9,031,196Net Income 2024: -$1,280,0852024

Highlighted filing

2023

Revenue$7,561,810
Expenses$9,750,914
Net Income-$2,189,104
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 9, 2024
Return Version
2022v5.0
Gross Receipts
$7,561,810
Mission and Program Overview

Mission

Crotona park west housing development fund corporation was formed to provide housing for persons of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,160,026$17,765,949▲ $605,923
Savings and Temporary Cash Investments$4,421,702$2,477,110▼ $1,944,592
Prepaid Expenses and Deferred Charges$1,094,983$971,826▼ $123,157
Cash and Non-Interest-Bearing Accounts$410,633$341,304▼ $69,329
Accounts Receivable$391,880$326,916▼ $64,964
Intangible Assets$35,075$26,407▼ $8,668
Total Assets$23,514,924$21,911,177▼ $1,603,747
Other Assets Total$625$1,665▲ $1,040
Liabilities
Mortgage Notes Payable Secured by Investment Property$40,647,321$40,647,321→ $0
Other Liabilities$13,680,650$14,177,010▲ $496,360
Accounts Payable and Accrued Expenses$2,535,995$2,469,068▼ $66,927
Escrow Account Liability$473,401$476,856▲ $3,455
Total Liabilities$57,337,367$57,770,255▲ $432,888
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-33,822,443$-35,859,078▼ $2,036,635
Total Net Assets Fund Balance$-33,822,443$-35,859,078▼ $2,036,635
Total Liabilities and Net Assets / Fund Balance$23,514,924$21,911,177▼ $1,603,747

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,224,712$35,611,118$49,835,830
Equipment$3,541,237$460,805$4,002,042
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julio CarrerasSuperintendantFT$103,947$27,175$131,122
Phillip HawkerSuperintendentFT$103,809$20,668$124,477
Joan TraniV/p Area ManagerFT$103,717$5,718$109,435

Board Members and Trustees

NameTitle
Adam WeinsteinPresident/CEO
Matthew KellyVice President
Michael WadmanVice President
James Robert Pigott JrVice President and Secreta
Eric AndersonDirector
Brian BrickerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Watch Guard 247 LLCSecurity Services71-16 MYRTLE AVENUE, Glendale, NY 11385$603,839
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,357,816
Investment Income
$95,471
Other Revenue
$108,523
Change in Net Assets
$-2,189,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,561,810
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,561,810
Total Revenue per Form 990
$7,561,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,150,778
Salaries, Compensation, and Employee Benefits$2,600,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,977,074--$1,977,074
Other Salaries and Wages$1,748,537--$1,748,537
Depreciation Depletion$1,675,399--$1,675,399
Fees for Services Other$657,431$55,231-$712,662
Other Employee Benefits$551,703--$551,703
Insurance$397,590$89,149-$486,739
Interest$406,473--$406,473
Fees for Services Management-$403,723-$403,723
Pension Plan Contributions$158,058--$158,058
All Other Expenses-$155,623-$155,623
Payroll Taxes$141,838--$141,838
Office Expenses$5,634$85,360-$90,994
Information Technology-$43,658-$43,658
Fees for Services Accounting-$32,370-$32,370
Fees for Services Legal-$22,642-$22,642
Other Expenses$31,201$19,356-$19,356
Travel-$3,289-$3,289
Conferences and Meetings-$3,094-$3,094
Total Functional Expenses$8,837,419$913,495$0$9,750,914

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,750,914
Total Expenses per Audited Statements$9,750,914
Total Expenses per Form 990$9,750,914
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Accrued Interest Payable$12,056,037
Due to Phipps Houses$2,120,973
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation has an agreement with phipps houses services, inc. ("phsi"), an affiliate of phipps, for the management of project operations. Management fees earned by phsi for the years ended september 30, 2023 amounted to $313,836.”

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is phipps houses, a related 501(c)(4) organization.”

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

“Certain 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, Line 15

“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/ceo, vice presidents, secretary and treasurer reflects their contributions to not only crotona park west housing development fund corporation but to all of its affiliated entities. On a consolidated basis, the phipps houses group has annual revenue in excess of over $100 million and assets currently in excess of $2 billion.”

Filing and Contact Details

Filer

Filer Name
Crotona Park West Housing Development
EIN
13-3514343
Phone
2122439090
Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY 10010-6033

Signing Officer

Name
Lukeman Ogunyinka
Title
Treasurer
Phone
2122439090
Signed
2024-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Weinstein
Formed
1989
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
1
Employees
32
Volunteers
1

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky CPA
Phone
2122970400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Postretirement benefit adjustment 152,469.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization maintains tenant security deposits as required be state law.”

PART X, LINE 2:

“Crotona park west 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 no. 2009-06, implementation guidance on accounting for uncertainty in income taxes and disclosure amendments for nonpublic entities. As of september 30, 2023, the years still subject to audit are fiscal 2020 through 2023.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990/InvestmentIncomeGrp/ExclusionAmt095471
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt095471
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036071923
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017160026
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017765949
IRS990/LandBldgEquipCostOrOtherBssAmt053837872
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt082123
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt082123
IRS990/MissionDesc0CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt040647321
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt040647321
IRS990/NetAssetsOrFundBalancesBOYAmt0-33822443
IRS990/NetAssetsOrFundBalancesEOYAmt0-35859078
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-33822443
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-35859078
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01977074
IRS990/OccupancyGrp/TotalAmt01977074
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt085360
IRS990/OfficeExpensesGrp/ProgramServicesAmt05634
IRS990/OfficeExpensesGrp/TotalAmt090994
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0625
IRS990/OtherAssetsTotalGrp/EOYAmt01665
IRS990/OtherChangesInNetAssetsAmt0152469
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0551703
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0551703
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPERS RENT FREE
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCCESSING FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019356
IRS990/OtherExpensesGrp/ProgramServicesAmt0594641
IRS990/OtherExpensesGrp/ProgramServicesAmt1491840
IRS990/OtherExpensesGrp/ProgramServicesAmt231201
IRS990/OtherExpensesGrp/TotalAmt0594641
IRS990/OtherExpensesGrp/TotalAmt1491840
IRS990/OtherExpensesGrp/TotalAmt231201
IRS990/OtherExpensesGrp/TotalAmt319356
IRS990/OtherLiabilitiesGrp/BOYAmt013680650
IRS990/OtherLiabilitiesGrp/EOYAmt014177010
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026400
IRS990/OtherRevenueTotalAmt0108523
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01748537
IRS990/OtherSalariesAndWagesGrp/TotalAmt01748537
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0141838
IRS990/PayrollTaxesGrp/TotalAmt0141838
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0158058
IRS990/PensionPlanContributionsGrp/TotalAmt0158058
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01094983
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0971826
IRS990/PrincipalOfficerNm0ADAM WEINSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07357816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07357816
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt087900
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019866
IRS990/PYOtherExpensesAmt07007199
IRS990/PYOtherRevenueAmt065999
IRS990/PYProgramServiceRevenueAmt07214600
IRS990/PYRevenuesLessExpensesAmt0-2216384
IRS990/PYSalariesCompEmpBnftPaidAmt02597550
IRS990/PYTotalExpensesAmt09604749
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07388365
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2189104
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07466339
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04421702
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02477110
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt087900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt087900
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY INCOME - 2018 AMOUNT: $ 26,400. 2019 AMOUNT: $ 26,400. 2020 AMOUNT: $ 26,400. 2021 AMOUNT: $ 26,400. 2022 AMOUNT: $ 26,400. TENANT CHARGES - 2018 AMOUNT: $ 30,610. 2019 AMOUNT: $ 24,716. 2020 AMOUNT: $ 39,107. 2021 AMOUNT: $ 3,022. MISCELLANEOUS - 2018 AMOUNT: $ 25,639. 2019 AMOUNT: $ 19,437. 2020 AMOUNT: $ 35,064. 2021 AMOUNT: $ 36,577. 2022 AMOUNT: $ 82,123.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt087900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt087900
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt095471
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019866
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0438
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt028353
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt093270
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0237398
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07357816
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07214600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07160946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06937053
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06737815
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt035408230
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt095471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019866
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0438
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt028353
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt093270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0237398
IRS990ScheduleA/InvestmentIncomeCYPct00.00660
IRS990ScheduleA/InvestmentIncomePYPct00.00530
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0108523
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt065999
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0100571
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt070553
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt082649
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0428295
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97920
IRS990ScheduleA/PublicSupportPY509Pct00.98010
IRS990ScheduleA/PublicSupportTotal509Amt035408230
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt087900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt087900
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07357816
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07302500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07160946
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06937053
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06737815
IRS990ScheduleA/Total509Grp/TotalAmt035496130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07561810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07388365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07261955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt07035959
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06913734
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt036161823
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014224712
IRS990ScheduleD/BuildingsGrp/DepreciationAmt035611118
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt049835830
IRS990ScheduleD/EquipmentGrp/BookValueAmt03541237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0460805
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04002042
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09750914
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012056037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12120973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO PHIPPS HOUSES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07561810
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS TENANT SECURITY DEPOSITS AS REQUIRED BE STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CROTONA PARK WEST 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 NO. 2009-06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES. AS OF SEPTEMBER 30, 2023, THE YEARS STILL SUBJECT TO AUDIT ARE FISCAL 2020 THROUGH 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017765949
IRS990ScheduleD/TotalExpensesPerForm990Amt09750914
IRS990ScheduleD/TotalLiabilityAmt014177010
IRS990ScheduleD/TotalRevenuePerForm990Amt07561810
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07561810
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09750914
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,911,177
Liabilities
$57,770,255
Net assets
-$35,859,078
Revenue
$7,561,810
Expenses
$9,750,914
Net income
-$2,189,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$57.4$37.1$7.75$9.03$1.28
2023Detailed filing. Detailed filing data is available for this year.$21.9$57.8$35.9$7.56$9.75$2.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$56.9$33.8$7.39$9.60$2.22
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$24.4$56.0$31.6$7.26$8.88$1.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.7$54.7$29.9$7.04$8.39$1.35
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$25.8$54.4$28.5$6.91$7.99$1.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$53.6$27.5$6.81$7.71$0.90
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.5$53.1$26.5$6.71$7.49$0.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.6$52.4$25.7$6.29$6.90$0.61
2015Detailed filing. Detailed filing data is available for this year.$27.2$52.4$25.1$6.09$7.37$1.27
2014Detailed filing. Detailed filing data is available for this year.$27.7$51.5$23.9$5.81$7.42$1.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.8$51.1$22.3$5.56$6.94$1.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$50.5$20.8$6.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.6$50.0$19.5$6.29