Civic Intelligence

Gema Hall Housing Developement Fund Corp

990 • Fiscal year 2015 • EIN 13-3560466

Jan 01, 2015 to Dec 31, 2015 • Filed on May 31, 2016

209 East 118th StreetNew York, NY 10035

(212) 426-6317

Siviq Scores

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

Liabilities / Assets

48th percentile

0.60x

Higher debt load relative to assets than 48% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

3.75x

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

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

4.3%

Higher net margin than 67% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

66th percentile

$95,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

72nd percentile

0.8%

Faster asset growth than 72% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

27th percentile

-1.6%

Faster revenue growth than 27% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,932,296

Up $37,103 (+0.8%) from 2014

Net Assets

Up

$1,953,159

Up $34,260 (+1.8%) from 2014

Liabilities

Up

$2,979,137

Up $2,843 (+0.1%) from 2014

Revenue

Down

$795,465

Down $12,631 (-1.6%) from 2014

Expenses

Down

$761,205

Down $15,673 (-2.0%) from 2014

Net Income

Up

$34,260

Up $3,042 (+9.7%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,886,067Liabilities 2010: $3,152,083Net Assets 2010: $1,733,9842010Assets 2011: $4,947,214Liabilities 2011: $3,169,839Net Assets 2011: $1,777,3752011Assets 2012: $4,843,985Liabilities 2012: $3,070,161Net Assets 2012: $1,773,8242012Assets 2013: $4,858,977Liabilities 2013: $2,971,296Net Assets 2013: $1,887,6812013Assets 2014: $4,895,193Liabilities 2014: $2,976,294Net Assets 2014: $1,918,8992014Assets 2015: $4,932,296Liabilities 2015: $2,979,137Net Assets 2015: $1,953,1592015Assets 2016: $5,029,391Liabilities 2016: $2,982,552Net Assets 2016: $2,046,8392016Assets 2017: $5,138,518Liabilities 2017: $2,988,212Net Assets 2017: $2,150,3062017Assets 2018: $5,250,786Liabilities 2018: $2,972,477Net Assets 2018: $2,278,3092018Assets 2019: $5,295,359Liabilities 2019: $2,985,411Net Assets 2019: $2,309,9482019Assets 2020: $5,365,512Liabilities 2020: $2,952,753Net Assets 2020: $2,412,7592020Assets 2021: $5,509,528Liabilities 2021: $2,955,813Net Assets 2021: $2,553,7152021Assets 2022: $5,650,585Liabilities 2022: $2,961,619Net Assets 2022: $2,688,9662022Assets 2023: $5,666,299Liabilities 2023: $2,995,548Net Assets 2023: $2,670,7512023Assets 2024: $5,758,920Liabilities 2024: $3,034,951Net Assets 2024: $2,723,9692024

Highlighted filing

2015

Assets$4,932,296
Liabilities$2,979,137
Net Assets$1,953,159

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $445,033Expenses 2010: $400,104Net Income 2010: $44,9292010Revenue 2011: $765,644Expenses 2011: $841,611Net Income 2011: -$75,9672011Revenue 2012: $763,249Expenses 2012: $766,800Net Income 2012: -$3,5512012Revenue 2013: $798,182Expenses 2013: $756,267Net Income 2013: $41,9152013Revenue 2014: $808,096Expenses 2014: $776,878Net Income 2014: $31,2182014Revenue 2015: $795,465Expenses 2015: $761,205Net Income 2015: $34,2602015Revenue 2016: $784,508Expenses 2016: $690,828Net Income 2016: $93,6802016Revenue 2017: $796,731Expenses 2017: $693,264Net Income 2017: $103,4672017Revenue 2018: $800,356Expenses 2018: $672,353Net Income 2018: $128,0032018Revenue 2019: $844,055Expenses 2019: $812,416Net Income 2019: $31,6392019Revenue 2020: $862,218Expenses 2020: $759,407Net Income 2020: $102,8112020Revenue 2021: $864,998Expenses 2021: $724,042Net Income 2021: $140,9562021Revenue 2022: $948,113Expenses 2022: $812,862Net Income 2022: $135,2512022Revenue 2023: $728,496Expenses 2023: $746,711Net Income 2023: -$18,2152023Revenue 2024: $736,190Expenses 2024: $691,367Net Income 2024: $44,8232024

Highlighted filing

2015

Revenue$795,465
Expenses$761,205
Net Income$34,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 31, 2016
Return Version
2015v2.1
Gross Receipts
$795,465
Mission and Program Overview

Mission

The hdfc operates a 87 unit residential building for persons of low income under an agreement with the city of new york department of housing preservation and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,214,961$1,085,311▼ $129,650
Cash and Non-Interest-Bearing Accounts$200,786$142,352▼ $58,434
Accounts Receivable$76,328$80,300▲ $3,972
Prepaid Expenses and Deferred Charges$32,157$32,467▲ $310
Savings and Temporary Cash Investments$14,901$13,876▼ $1,025
Total Assets$4,895,193$4,932,296▲ $37,103
Other Assets Total$3,356,060$3,577,990▲ $221,930
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,875,029$2,875,029→ $0
Other Liabilities$87,505$92,385▲ $4,880
Accounts Payable and Accrued Expenses$13,760$11,723▼ $2,037
Total Liabilities$2,976,294$2,979,137▲ $2,843
Net Assets / Fund Balance
Unrestricted Net Assets$1,918,899$1,953,159▲ $34,260
Total Net Assets Fund Balance$1,918,899$1,953,159▲ $34,260
Total Liabilities and Net Assets / Fund Balance$4,895,193$4,932,296▲ $37,103

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$707,772$2,615,347$3,323,119
Land$360,000-$360,000
Equipment$17,539$66,954$84,493
Other Land Buildings-$45,430$45,430
Other Assets Org$117,627--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Millie P OteroCEO$95,000$95,000
Akop AyrapetovCFO$85,303$85,303

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$760,217
Investment Income
$30,665
Other Revenue
$4,583
Change in Net Assets
$34,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$795,465
Total Revenue per Audited Statements
$795,465
Total Revenue per Form 990
$795,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$664,981
Salaries, Compensation, and Employee Benefits$96,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$130,900--$130,900
Occupancy$116,983--$116,983
Other Salaries and Wages$58,349$9,800-$68,149
Fees for Services Management$61,230--$61,230
All Other Expenses$29,180--$29,180
Fees for Services Legal$27,060--$27,060
Insurance$23,991--$23,991
Other Employee Benefits$20,342--$20,342
Other Expenses$14,460--$14,460
Office Expenses-$8,390-$8,390
Payroll Taxes$6,983$750-$7,733
Fees for Services Accounting-$7,690-$7,690
Fees for Service Investment Mgmnt Fees-$6,478-$6,478
Fees for Services Other$550--$550
Total Functional Expenses$728,097$33,108$0$761,205

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$761,205
Total Expenses per Audited Statements$761,205
Total Expenses per Form 990$761,205
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
Subsidy Payable$74,509
Tenant Security Deposits Payable$14,496
Due to Related Parties$3,380
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

An e-mail is sent to the board of directors for final approval.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Gema Hall Hdfc
EIN
13-3560466
Phone
2124266317
Address
209 EAST 118TH STREET, NEW YORK, NY 10035

Signing Officer

Name
Sr Georgette Lawton
Title
Vice. Pres/secretary
Phone
2124266317
Signed
2016-05-31

Organization Details

Principal Officer
Sr Georgette Lawton
Formed
1990
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
VARGAS & RIVERA CPA'S LLP
Address
586 ROUTE 304, NEW CITY, NY 10956
Preparer
Luis C Rivera
Phone
8456383113
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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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt015206
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0764800
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0772077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0750644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0748458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03800601
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01630
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt01244
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01980
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04854
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt030665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt043474
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt024475
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015206
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0125181
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.03000
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IRS990ScheduleA/PublicSupportCY509Pct00.96820
IRS990ScheduleA/PublicSupportPY509Pct00.97360
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0751888
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0750438
IRS990ScheduleA/Total509Grp/TotalAmt03805455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0795465
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0808096
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0707772
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02615347
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03323119
IRS990ScheduleD/EquipmentGrp/BookValueAmt017539
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066954
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084493
IRS990ScheduleD/ExpensesSubtotalAmt0761205
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0360000
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1810238
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2117627
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045430
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074509
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114496
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUBSIDY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueSubtotalAmt0795465
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01085311
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03577990
IRS990ScheduleD/TotalExpensesPerForm990Amt0761205
IRS990ScheduleD/TotalLiabilityAmt092385
IRS990ScheduleD/TotalRevenuePerForm990Amt0795465
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0795465
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0761205
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN E-MAIL IS SENT TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04895193
IRS990/TotalAssetsEOYAmt04932296
IRS990/TotalAssetsGrp/BOYAmt04895193
IRS990/TotalAssetsGrp/EOYAmt04932296
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0728097
IRS990/TotalFunctionalExpensesGrp/TotalAmt0761205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02976294
IRS990/TotalLiabilitiesEOYAmt02979137
IRS990/TotalLiabilitiesGrp/BOYAmt02976294
IRS990/TotalLiabilitiesGrp/EOYAmt02979137
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01918899
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01953159
IRS990/TotalProgramServiceExpensesAmt0728097
IRS990/TotalProgramServiceRevenueAmt0760217
IRS990/TotalRevenueGrp/ExclusionAmt030665
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0764800
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0795465
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04895193
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04932296
IRS990/TotReportableCompRltdOrgAmt0180303
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01918899
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01953159
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SR GEORGETTE LAWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE. PRES/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02124266317
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEMA HALL HDFC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O CORAZON MGMT
ReturnHeader/Filer/BusinessNameControlTxt0GEMA
ReturnHeader/Filer/EIN0133560466
ReturnHeader/Filer/PhoneNum02124266317
ReturnHeader/Filer/USAddress/AddressLine1Txt0209 EAST 118TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010035
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133747593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARGAS & RIVERA CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0586 ROUTE 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010956
ReturnHeader/PreparerPersonGrp/PhoneNum08456383113
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUIS C RIVERA
ReturnHeader/ReturnTs02016-05-31T14:14:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$3.03$2.72$0.74$0.69$0.04
2023Detailed filing. Detailed filing data is available for this year.$5.67$3.00$2.67$0.73$0.75$0.02
2022Detailed filing. Detailed filing data is available for this year.$5.65$2.96$2.69$0.95$0.81$0.14
2021Detailed filing. Detailed filing data is available for this year.$5.51$2.96$2.55$0.86$0.72$0.14
2020Detailed filing. Detailed filing data is available for this year.$5.37$2.95$2.41$0.86$0.76$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.30$2.99$2.31$0.84$0.81$0.03
2018Detailed filing. Detailed filing data is available for this year.$5.25$2.97$2.28$0.80$0.67$0.13
2017Detailed filing. Detailed filing data is available for this year.$5.14$2.99$2.15$0.80$0.69$0.10
2016Detailed filing. Detailed filing data is available for this year.$5.03$2.98$2.05$0.78$0.69$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.93$2.98$1.95$0.80$0.76$0.03
2014Summary only. Only limited summary data is available for this year.$4.90$2.98$1.92$0.81$0.78$0.03
2013Summary only. Only limited summary data is available for this year.$4.86$2.97$1.89$0.80$0.76$0.04
2012Summary only. Only limited summary data is available for this year.$4.84$3.07$1.77$0.76$0.77$0.00
2011Summary only. Only limited summary data is available for this year.$4.95$3.17$1.78$0.77$0.84$0.08
2010Summary only. Only limited summary data is available for this year.$4.89$3.15$1.73$0.45$0.40$0.04