Civic Intelligence

Herbert L Brooks Housing

EIN 13-3595749 • 501(c)3 • Bronx, NY

Profile

Herbert L. Brooks Housing Development Fund Company, Inc. (the "Company"), a not-for-profit corporation, was formed under the laws of the State of New York, on April 10, 1990, for the purpose of operating a rental housing project under Section 202 of the National Housing Act.

1789 Southern BlvdBronx, NY 10460

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.63x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

4.54x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-7.6%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,043,811

Up $378,822 (+8.1%) from 2023

Liabilities

Up

$8,203,505

Up $174,115 (+2.2%) from 2023

Net Assets

Up

-$3,159,694

Up $204,707 (+6.1%) from 2023

Revenue

Down

$1,805,238

Down $147,998 (-7.6%) from 2023

Expenses

Up

$1,600,531

Up $111,602 (+7.5%) from 2023

Net Income

Down

$204,707

Down $259,600 (-56%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $5,869,380Liabilities 2010: $7,927,996Net Assets 2010: -$2,058,6162010Assets 2011: $5,668,128Liabilities 2011: $7,925,148Net Assets 2011: -$2,257,0202011Assets 2012: $5,543,400Liabilities 2012: $9,174,100Net Assets 2012: -$3,630,7002012Assets 2013: $5,412,745Liabilities 2013: $7,880,116Net Assets 2013: -$2,467,3712013Assets 2014: $5,305,285Liabilities 2014: $7,891,850Net Assets 2014: -$2,586,5652014Assets 2015: $5,112,587Liabilities 2015: $7,879,811Net Assets 2015: -$2,767,2242015Assets 2016: $4,885,459Liabilities 2016: $7,947,251Net Assets 2016: -$3,061,7922016Assets 2017: $4,723,814Liabilities 2017: $7,973,990Net Assets 2017: -$3,250,1762017Assets 2018: $4,580,224Liabilities 2018: $8,048,325Net Assets 2018: -$3,468,1012018Assets 2019: $4,373,257Liabilities 2019: $7,950,201Net Assets 2019: -$3,576,9442019Assets 2020: $3,759,802Liabilities 2020: $7,950,314Net Assets 2020: -$4,190,5122020Assets 2021: $3,980,456Liabilities 2021: $8,159,801Net Assets 2021: -$4,179,3452021Assets 2022: $4,309,168Liabilities 2022: $8,137,876Net Assets 2022: -$3,828,7082022Assets 2023: $4,664,989Liabilities 2023: $8,029,390Net Assets 2023: -$3,364,4012023Assets 2024: $5,043,811Liabilities 2024: $8,203,505Net Assets 2024: -$3,159,6942024

Highlighted filing

2024

Assets$5,043,811
Liabilities$8,203,505
Net Assets-$3,159,694

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $801,5592010Revenue 2011: $523,768Expenses 2011: $722,172Net Income 2011: -$198,4042011Revenue 2012: $542,542Expenses 2012: $1,916,222Net Income 2012: -$1,373,6802012Revenue 2013: $538,972Expenses 2013: $634,392Net Income 2013: -$95,4202013Revenue 2014: $529,251Expenses 2014: $648,445Net Income 2014: -$119,1942014Revenue 2015: $522,845Expenses 2015: $703,504Net Income 2015: -$180,6592015Revenue 2016: $540,001Expenses 2016: $834,569Net Income 2016: -$294,5682016Revenue 2017: $538,082Expenses 2017: $726,466Net Income 2017: -$188,3842017Revenue 2018: $547,872Expenses 2018: $765,797Net Income 2018: -$217,9252018Revenue 2019: $610,747Expenses 2019: $775,086Net Income 2019: -$164,3392019Revenue 2020: $513,142Expenses 2020: $1,126,710Net Income 2020: -$613,5682020Revenue 2021: $1,056,994Expenses 2021: $1,045,827Net Income 2021: $11,1672021Revenue 2022: $1,875,001Expenses 2022: $1,341,630Net Income 2022: $533,3712022Revenue 2023: $1,953,236Expenses 2023: $1,488,929Net Income 2023: $464,3072023Revenue 2024: $1,805,238Expenses 2024: $1,600,531Net Income 2024: $204,7072024

Highlighted filing

2024

Revenue$1,805,238
Expenses$1,600,531
Net Income$204,707

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$8.20$3.16$1.81$1.60$0.20
2023Detailed filing. Detailed filing data is available for this year.$4.66$8.03$3.36$1.95$1.49$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$8.14$3.83$1.88$1.34$0.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$8.16$4.18$1.06$1.05$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.76$7.95$4.19$0.51$1.13$0.61
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$7.95$3.58$0.61$0.78$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$8.05$3.47$0.55$0.77$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$7.97$3.25$0.54$0.73$0.19
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$7.95$3.06$0.54$0.83$0.29
2015Detailed filing. Detailed filing data is available for this year.$5.11$7.88$2.77$0.52$0.70$0.18
2014Detailed filing. Detailed filing data is available for this year.$5.31$7.89$2.59$0.53$0.65$0.12
2013Summary only. Only limited summary data is available for this year.$5.41$7.88$2.47$0.54$0.63$0.10
2012Summary only. Only limited summary data is available for this year.$5.54$9.17$3.63$0.54$1.92$1.37
2011Summary only. Only limited summary data is available for this year.$5.67$7.93$2.26$0.52$0.72$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$7.93$2.06$0.80
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 23, 2024
Return Version
2023v5.1
Gross Receipts
$1,953,236
Mission and Program Overview

Mission

Herbert l. Brooks housing development fund company, inc. (the "company"), a not-for-profit corporation, was formed under the laws of the state of new york, on april 10, 1990, for the purpose of operating a rental housing project under section 202 of the national housing act.

Providing low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,025,049$2,805,065▼ $219,984
Accounts Receivable$18,267$197,746▲ $179,479
Prepaid Expenses and Deferred Charges$40,381$164,159▲ $123,778
Cash and Non-Interest-Bearing Accounts$204,340$41,298▼ $163,042
Total Assets$4,309,168$4,664,989▲ $355,821
Other Assets Total$1,021,131$1,456,721▲ $435,590
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,838,700$7,838,700→ $0
Other Liabilities$233,504$110,643▼ $122,861
Accounts Payable and Accrued Expenses$57,068$77,866▲ $20,798
Deferred Revenue$8,604$2,181▼ $6,423
Total Liabilities$8,137,876$8,029,390▼ $108,486
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,828,708$-3,364,401▲ $464,307
Total Net Assets Fund Balance$-3,828,708$-3,364,401▲ $464,307
Total Liabilities and Net Assets / Fund Balance$4,309,168$4,664,989▲ $355,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,760,065$6,497,199$9,257,264
Land$45,000-$45,000
Other Assets Org$21,626--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wallace MobleyBoard Chair
Derrick LovettPresident/CEO
Carmen SilvaDirector
Florence BlanchardDirector
Kennethe MorrisonDirector
Landon DaisDirector
Linda SargeantDirector
Rubria M RodriguezFiscal Administrator
Phyllis WilliamsSecretary
April HortonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,884,401
Investment Income
$19,270
Other Revenue
$49,565
Change in Net Assets
$464,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,953,236
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,953,236
Total Revenue per Form 990
$1,953,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,385,985
Salaries, Compensation, and Employee Benefits$102,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$249,732--$249,732
Insurance$155,766--$155,766
Occupancy$117,828--$117,828
Other Salaries and Wages$97,986--$97,986
Fees for Services Management-$68,646-$68,646
Other Expenses$51,172--$51,172
All Other Expenses$48,677--$48,677
Fees for Services Accounting-$22,400-$22,400
Office Expenses$19,197--$19,197
Payroll Taxes$4,958--$4,958
Fees for Services Legal$4,570--$4,570
Total Functional Expenses$1,397,883$91,046$0$1,488,929

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,488,929
Total Expenses per Audited Statements$1,488,929
Total Expenses per Form 990$1,488,929
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
Due to Owner$81,922
Tenant Security Deposits Payable$21,475
Management Fee Payable$7,246
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The property was managed by jewel of the bronx management, an affiliated company, from january 1, 2023 through june 30, 2023. As of july 1, 2023, the property is managed by metropolitan realty group llc, an unaffiliated company.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the ceo of the organization, but a full copy is not presented to the whole board.

Form 990, Part VI, Section B, Line 12C

The organization has an affirmation of its principles statement and whistleblower policy that board members and senior staff are required to sign. These statements address issues of ethics and conflicts of interest. It is the responsibility of all directors, officers, and employees to report ethics violations or suspended violations. No director, officer, or employee who in good faith reports an ethics violation shall suffer harassment, retaliation, or adverse employment consequence. Violations or suspended violations may be submitted on a confidential basis by complaint or anonymously. The organization encourages employees to share their concerns with someone who can address them properly. These policies are intended to encourage and enable employees and others to raise ethics concerns on an ongoing basis.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return, financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Herbert L Brooks Housing
EIN
13-3595749
Phone
7188420256
Address
1789 SOUTHERN BLVD, BRONX, NY 10460

Signing Officer

Name
Derrick Lovett
Title
President/CEO
Phone
7188420256
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derrick Lovett
Formed
1990
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVE, DOVER, OH 44622
Preparer
Frank Buss Ii
Phone
3303655400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The selection process has not changed from prior year.

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

The company, a not-for-profit corporation, was formed under the laws of the state of new york, on april 10, 1990, for the purpose of operating a rental housing project under section 202 of the national housing act.

Financial Statement Notes

PART X, LINE 2:

The company has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2023. Due to its tax-exempt status, the company is not subject to income taxes. The company is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the company has no other tax positions which must be considered for disclosure. The company's policy is to include any penalties and interest accessed by taxing authorities with excise tax expense. The company's form 990, return of organization exempt from income tax, is subject to audit by the irs for the prior three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2020 remain open.

Raw XML AppendixShowing 400 of 986 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt057068
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt077866
IRS990/AccountsReceivableGrp/BOYAmt018267
IRS990/AccountsReceivableGrp/EOYAmt0197746
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDING LOW INCOME HOUSING
IRS990/AllOtherExpensesGrp/ProgramServicesAmt048677
IRS990/AllOtherExpensesGrp/TotalAmt048677
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DERRICK LOVETT PRESIDENTCEO
IRS990/BooksInCareOfDetail/PhoneNum07188420256
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01789 SOUTHERN BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010460
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0204340
IRS990/CashNonInterestBearingGrp/EOYAmt041298
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019270
IRS990/CYOtherExpensesAmt01385985
IRS990/CYOtherRevenueAmt049565
IRS990/CYProgramServiceRevenueAmt01884401
IRS990/CYRevenuesLessExpensesAmt0464307
IRS990/CYSalariesCompEmpBnftPaidAmt0102944
IRS990/CYTotalExpensesAmt01488929
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01953236
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IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0249732
IRS990/DepreciationDepletionGrp/TotalAmt0249732
IRS990/Desc0TO OPERATE A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 90 UNITS LOCATED IN BRONX, NEW YORK.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01397883
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
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IRS990/FeesForServicesAccountingGrp/TotalAmt022400
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04570
IRS990/FeesForServicesLegalGrp/TotalAmt04570
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt068646
IRS990/FeesForServicesManagementGrp/TotalAmt068646
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.10
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt94213
IRS990/Form990PartVIISectionAGrp/PersonNm0APRIL HORTON
IRS990/Form990PartVIISectionAGrp/PersonNm1CARMEN SILVA
IRS990/Form990PartVIISectionAGrp/PersonNm2DERRICK LOVETT
IRS990/Form990PartVIISectionAGrp/PersonNm3FLORENCE BLANCHARD
IRS990/Form990PartVIISectionAGrp/PersonNm4PHYLLIS WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm5WALLACE MOBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6LANDON DAIS
IRS990/Form990PartVIISectionAGrp/PersonNm7KENNETHE MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm8LINDA SARGEANT
IRS990/Form990PartVIISectionAGrp/PersonNm9RUBRIA M RODRIGUEZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9FISCAL ADMINISTRATOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01953236
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0155766
IRS990/InsuranceGrp/TotalAmt0155766
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt019270
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019270
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06497199
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03025049
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02805065
IRS990/LandBldgEquipCostOrOtherBssAmt09302264
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07838700
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07838700
IRS990/NetAssetsOrFundBalancesBOYAmt0-3828708
IRS990/NetAssetsOrFundBalancesEOYAmt0-3364401
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3828708
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-3364401
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0117828
IRS990/OccupancyGrp/TotalAmt0117828
IRS990/OfficeExpensesGrp/ProgramServicesAmt019197
IRS990/OfficeExpensesGrp/TotalAmt019197
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01021131
IRS990/OtherAssetsTotalGrp/EOYAmt01456721
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3CONSULTING FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0403221
IRS990/OtherExpensesGrp/ProgramServicesAmt1174442
IRS990/OtherExpensesGrp/ProgramServicesAmt270334
IRS990/OtherExpensesGrp/ProgramServicesAmt351172
IRS990/OtherExpensesGrp/TotalAmt0403221
IRS990/OtherExpensesGrp/TotalAmt1174442
IRS990/OtherExpensesGrp/TotalAmt270334
IRS990/OtherExpensesGrp/TotalAmt351172
IRS990/OtherLiabilitiesGrp/BOYAmt0233504
IRS990/OtherLiabilitiesGrp/EOYAmt0110643
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049565
IRS990/OtherRevenueTotalAmt049565
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097986
IRS990/OtherSalariesAndWagesGrp/TotalAmt097986
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04958
IRS990/PayrollTaxesGrp/TotalAmt04958
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040381
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0164159
IRS990/PrincipalOfficerNm0DERRICK LOVETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01408149
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1476252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01408149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1476252
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02119
IRS990/PYOtherExpensesAmt01166492
IRS990/PYOtherRevenueAmt038041
IRS990/PYProgramServiceRevenueAmt01834841
IRS990/PYRevenuesLessExpensesAmt0533371
IRS990/PYSalariesCompEmpBnftPaidAmt0175138
IRS990/PYTotalExpensesAmt01341630
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01875001
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0464307
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01953236
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING - 2019 AMOUNT: $ 3,498. 2020 AMOUNT: $ 3,093. 2021 AMOUNT: $ 2,575. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 2,721.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019270
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02119
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0115
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0330
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt021834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01884401
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01834841
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01064094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0526427
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0606919
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05916682
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0115
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0330
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt021834
IRS990ScheduleA/InvestmentIncomeCYPct00.00370
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02721
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02575
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03093
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03498
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011887
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99430
IRS990ScheduleA/PublicSupportPY509Pct00.99690
IRS990ScheduleA/PublicSupportTotal509Amt05916682
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01884401
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01834841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01064094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0526427
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0606919
IRS990ScheduleA/Total509Grp/TotalAmt05916682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01906392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01836960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01066669
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0529635
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0610747
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05950403
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02760065
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06497199
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09257264
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01488929
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08391
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11403814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222890
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt321626
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS- UTILITY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181922
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO OWNER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01953236
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE COMPANY IS NOT SUBJECT TO INCOME TAXES. THE COMPANY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE COMPANY HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE COMPANY'S POLICY IS TO INCLUDE ANY PENALTIES AND INTEREST ACCESSED BY TAXING AUTHORITIES WITH EXCISE TAX EXPENSE. THE COMPANY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO AUDIT BY THE IRS FOR THE PRIOR THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02805065
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01456721
IRS990ScheduleD/TotalExpensesPerForm990Amt01488929
IRS990ScheduleD/TotalLiabilityAmt0110643
IRS990ScheduleD/TotalRevenuePerForm990Amt01953236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01953236
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01488929
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0271320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1166875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt019800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14213
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERRICK LOVETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RUBRIA M RODRIGUEZ

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