Civic Intelligence

Gates Avenue Housing Development Fund Corporation

990 • Fiscal year 2010 • EIN 13-3550051

Jul 01, 2009 to Jun 30, 2010 • Filed on May 12, 2011

232 East 84 St10028
Siviq Scores

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

Liabilities / Assets

53rd percentile

0.82x

Higher debt load relative to assets than 53% of similar nonprofits.

2010 filings • NTEE L • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$3,239,497

No earlier filing loaded for comparison.

Net Assets

$596,216

No earlier filing loaded for comparison.

Liabilities

$2,643,281

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$353,145

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $3,239,497Liabilities 2010: $2,643,281Net Assets 2010: $596,2162010Assets 2011: $2,902,329Liabilities 2011: $2,272,806Net Assets 2011: $629,5232011Assets 2012: $2,965,763Liabilities 2012: $2,280,532Net Assets 2012: $685,2312012Assets 2013: $2,400,096Liabilities 2013: $2,299,157Net Assets 2013: $100,9392013Assets 2014: $2,219,299Liabilities 2014: $2,317,782Net Assets 2014: -$98,4832014Assets 2015: $2,158,698Liabilities 2015: $2,336,408Net Assets 2015: -$177,7102015Assets 2016: $1,873,438Liabilities 2016: $1,884,027Net Assets 2016: -$10,5892016Assets 2017: $1,521,554Liabilities 2017: $1,421,960Net Assets 2017: $99,5942017Assets 2018: $1,257,873Liabilities 2018: $952,443Net Assets 2018: $305,4302018Assets 2019: $5,401,441Liabilities 2019: $4,805,157Net Assets 2019: $596,2842019Assets 2020: $5,194,006Liabilities 2020: $4,534,522Net Assets 2020: $659,4842020Assets 2021: $13,627,134Liabilities 2021: $13,780,458Net Assets 2021: -$153,3242021Assets 2022: $13,592,054Liabilities 2022: $13,754,459Net Assets 2022: -$162,4052022Assets 2023: $13,602,410Liabilities 2023: $13,662,863Net Assets 2023: -$60,4532023Assets 2024: $13,543,424Liabilities 2024: $13,404,476Net Assets 2024: $138,9482024

Highlighted filing

2010

Assets$3,239,497
Liabilities$2,643,281
Net Assets$596,216

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $353,1452010Expenses 2011: $453,5822011Revenue 2012: $451,940Expenses 2012: $396,232Net Income 2012: $55,7082012Revenue 2013: $438,751Expenses 2013: $1,023,043Net Income 2013: -$584,2922013Revenue 2014: $265,871Expenses 2014: $465,293Net Income 2014: -$199,4222014Revenue 2015: $283,800Expenses 2015: $363,026Net Income 2015: -$79,2262015Revenue 2016: $583,458Expenses 2016: $416,337Net Income 2016: $167,1212016Revenue 2017: $596,310Expenses 2017: $486,127Net Income 2017: $110,1832017Revenue 2018: $585,345Expenses 2018: $379,509Net Income 2018: $205,8362018Revenue 2019: $638,847Expenses 2019: $347,993Net Income 2019: $290,8542019Revenue 2020: $372,507Expenses 2020: $309,307Net Income 2020: $63,2002020Revenue 2021: $390,671Expenses 2021: $1,203,479Net Income 2021: -$812,8082021Revenue 2022: $669,722Expenses 2022: $678,803Net Income 2022: -$9,0812022Revenue 2023: $668,722Expenses 2023: $566,770Net Income 2023: $101,9522023Revenue 2024: $669,722Expenses 2024: $470,321Net Income 2024: $199,4012024

Highlighted filing

2010

Revenue-
Expenses$353,145
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
May 12, 2011
Return Version
2009v1.7
Gross Receipts
$265,034
Mission and Program Overview

Mission

The corporation is organized exclusively for the charitable purpose of owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing and operating a housing project for persons of low income and needy. The corporation shall provide the furnishing of clean and decent permanent (temporary) housing facilities for persons in need of such accommodations on a site at 520 gates avenue, in the county of kings and state of new york at a modest price and without profit.

Filing and Contact Details

Filer

EIN
13-3550051
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IRS990/Description0Gates Avenue HDFC is The Doe Fund's 70-bed transitional residence for formerly homeless participants of the paid work and job training program, Ready, Willing & Able. Formerly a school for the blind, the building was renovated in 1990 and has become a hub of community interaction in Bedford-Stuyvesant, Brooklyn, New York. All 70 residents live in two-man rooms to which they have their own keys, are paid above minimum wage for full-time work, eat hot and healthy meals in a communal dining room, and receive supportive services including case management, educational classes, substance abuse and relapse prevention assistance, and vocational training.
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IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear0265034
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year0280617
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years0813642
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years0197777
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years0213267
IRS990ScheduleA/TotalSupportTotal/Total01770337
IRS990/ScheduleBRequired00
IRS990ScheduleD/Buildings/BookValue0850221
IRS990ScheduleD/Buildings/Depreciation01182051
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis02032272
IRS990ScheduleD/ExcessOrDeficitForYear0-88111
IRS990ScheduleD/ExcessOrDeficitPerFS0-87181
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Financial Accounting Standards Board ("FASB") established guidance on accounting for uncertainty in income taxes. This guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Corporation adopted the guidance on accounting for uncertainty in income taxes during the year ended June 30, 2010 and it did not have a material impact on its combined financial statements. The Corporation and affiliates file an annual Form 990, Return of Organization Exempt from Income Tax, with the Internal Revenue Service (the "IRS"). At June 30, 2010, the Corporation and affiliates' Form 990s for the years ended 2007 through 2009 remain eligible for examination by the IRS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1Net Assets transferred to affiliate Ready, Willing, & Able, Inc.: 930.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part X:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1Part XI, Line 8 - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/OtherAmount0930
IRS990ScheduleD/OtherAssets/BookValue02985
IRS990ScheduleD/OtherAssets/BookValue1380746
IRS990ScheduleD/OtherAssets/BookValue2415934
IRS990ScheduleD/OtherAssets/BookValue39295
IRS990ScheduleD/OtherAssets/Description0deposits
IRS990ScheduleD/OtherAssets/Description1deferred mortgage interest
IRS990ScheduleD/OtherAssets/Description2due from affiliates
IRS990ScheduleD/OtherAssets/Description3Other receivables
IRS990ScheduleD/OtherLandBuildings/BookValue0160961
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0160961
IRS990ScheduleD/TotalAdjustments0930
IRS990ScheduleD/TotalBookValueOtherAssets0808960
IRS990ScheduleD/TotalExpenses0353145
IRS990ScheduleD/TotalOfBookValueLandBuildings01011182
IRS990ScheduleD/TotalRevenue0265034
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg20

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.5$13.4$0.14$0.67$0.47$0.20
2023Detailed filing. Detailed filing data is available for this year.$13.6$13.7$0.06$0.67$0.57$0.10
2022Detailed filing. Detailed filing data is available for this year.$13.6$13.8$0.16$0.67$0.68$0.01
2021Detailed filing. Detailed filing data is available for this year.$13.6$13.8$0.15$0.39$1.20$0.81
2020Detailed filing. Detailed filing data is available for this year.$5.19$4.53$0.66$0.37$0.31$0.06
2019Detailed filing. Detailed filing data is available for this year.$5.40$4.81$0.60$0.64$0.35$0.29
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.95$0.31$0.59$0.38$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.52$1.42$0.10$0.60$0.49$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.87$1.88$0.01$0.58$0.42$0.17
2015Detailed filing. Detailed filing data is available for this year.$2.16$2.34$0.18$0.28$0.36$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.22$2.32$0.10$0.27$0.47$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$2.30$0.10$0.44$1.02$0.58
2012Summary only. Only limited summary data is available for this year.$2.97$2.28$0.69$0.45$0.40$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$2.27$0.63$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$2.64$0.60$0.35