Civic Intelligence

Timpson Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 13-3614970

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

Organization ProfileN/A
885 Bruckner BlvdBronx, NY 10459

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

97th percentile

1.47x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

4.54x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

54th percentile

6.1%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

97th percentile

$693,197

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

40th percentile

2.8%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-6.4%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$7,471,817

Up $206,605 (+2.8%) from 2019

Net Assets

Up

-$3,523,247

Up $146,930 (+4.0%) from 2019

Liabilities

Up

$10,995,064

Up $59,675 (+0.5%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin54th percentile

Revenue

Down

$2,419,314

Down $165,796 (-6.4%) from 2019

Expenses

Down

$2,272,384

Down $520,447 (-19%) from 2019

Net Income

Up

$146,930

Up $354,651 (+171%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $7,418,644Liabilities 2010: $11,262,706Net Assets 2010: -$3,844,0622010Assets 2011: $7,369,861Liabilities 2011: $11,443,749Net Assets 2011: -$4,073,8882011Assets 2012: $8,066,785Liabilities 2012: $11,320,497Net Assets 2012: -$3,253,7122012Assets 2013: $8,120,594Liabilities 2013: $11,421,416Net Assets 2013: -$3,300,8222013Assets 2014: $7,932,115Liabilities 2014: $11,251,403Net Assets 2014: -$3,319,2882014Assets 2015: $7,927,372Liabilities 2015: $11,221,020Net Assets 2015: -$3,293,6482015Assets 2016: $7,833,505Liabilities 2016: $11,150,460Net Assets 2016: -$3,316,9552016Assets 2017: $7,729,376Liabilities 2017: $11,024,552Net Assets 2017: -$3,295,1762017Assets 2018: $7,457,850Liabilities 2018: $10,920,306Net Assets 2018: -$3,462,4562018Assets 2019: $7,265,212Liabilities 2019: $10,935,389Net Assets 2019: -$3,670,1772019Assets 2020: $7,471,817Liabilities 2020: $10,995,064Net Assets 2020: -$3,523,2472020Assets 2021: $7,539,222Liabilities 2021: $10,952,869Net Assets 2021: -$3,413,6472021Assets 2022: $7,010,566Liabilities 2022: $10,568,151Net Assets 2022: -$3,557,5852022Assets 2023: $7,049,197Liabilities 2023: $10,716,018Net Assets 2023: -$3,666,8212023Assets 2024: $6,126,850Liabilities 2024: $10,567,861Net Assets 2024: -$4,441,0112024

Highlighted filing

2020

Assets$7,471,817
Liabilities$10,995,064
Net Assets-$3,523,247
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $1,939,757Expenses 2010: $2,048,050Net Income 2010: -$108,2932010Revenue 2011: $1,977,280Expenses 2011: $2,207,106Net Income 2011: -$229,8262011Revenue 2012: $2,911,503Expenses 2012: $2,091,327Net Income 2012: $820,1762012Revenue 2013: $2,338,687Expenses 2013: $2,385,797Net Income 2013: -$47,1102013Revenue 2014: $2,345,367Expenses 2014: $2,363,833Net Income 2014: -$18,4662014Revenue 2015: $2,448,026Expenses 2015: $2,422,386Net Income 2015: $25,6402015Revenue 2016: $2,502,055Expenses 2016: $2,525,362Net Income 2016: -$23,3072016Revenue 2017: $2,590,922Expenses 2017: $2,569,143Net Income 2017: $21,7792017Revenue 2018: $2,487,047Expenses 2018: $2,654,327Net Income 2018: -$167,2802018Revenue 2019: $2,585,110Expenses 2019: $2,792,831Net Income 2019: -$207,7212019Revenue 2020: $2,419,314Expenses 2020: $2,272,384Net Income 2020: $146,9302020Revenue 2021: $2,548,819Expenses 2021: $2,439,219Net Income 2021: $109,6002021Revenue 2022: $2,600,012Expenses 2022: $2,743,950Net Income 2022: -$143,9382022Revenue 2023: $2,579,704Expenses 2023: $2,688,940Net Income 2023: -$109,2362023Revenue 2024: $2,624,916Expenses 2024: $3,399,106Net Income 2024: -$774,1902024

Highlighted filing

2020

Revenue$2,419,314
Expenses$2,272,384
Net Income$146,930
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$2,419,314
Mission and Program Overview

Mission

The company operates low income housing projects in the south bronx. In addition the company provides social services for the tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,270,065$3,807,190▼ $462,875
Cash and Non-Interest-Bearing Accounts$1,286,825$1,600,567▲ $313,742
Accounts Receivable$210,330$358,153▲ $147,823
Prepaid Expenses and Deferred Charges$117,817$244,125▲ $126,308
Intangible Assets$9,385$8,490▼ $895
Savings and Temporary Cash Investments$7,670$7,670→ $0
Total Assets$7,265,212$7,471,817▲ $206,605
Other Assets Total$1,363,120$1,445,622▲ $82,502
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,320,561$10,252,588▼ $67,973
Accounts Payable and Accrued Expenses$413,047$487,771▲ $74,724
Escrow Account Liability$168,702$171,537▲ $2,835
Unsecured Notes Loans Payable-$45,394-
Other Liabilities$33,079$37,774▲ $4,695
Total Liabilities$10,935,389$10,995,064▲ $59,675
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,670,177$-3,523,247▲ $146,930
Total Net Assets Fund Balance$-3,670,177$-3,523,247▲ $146,930
Total Liabilities and Net Assets / Fund Balance$7,265,212$7,471,817▲ $206,605

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,753,021$8,659,035$12,412,056
Equipment$54,169$441,710$495,879
Other Assets Org$171,537--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleOtherTotal
Salvatore GiganteChief Operat$693,197$693,197
John LopezMaintenance$199,544$199,544
Fr Louis R GiganteChairman$24,361$24,361
Enrico BocciaDirector$800$800
Carmen ReyesSecr/treas/d$200$200
Migdalia MoralesDirector$200$200

Board Members and Trustees

NameTitle
Salvatore GiganteVice Chair
Jason BoroffDirector
Victor PapaDirector
Salvatore GiganteChief Operating Offi
John LopezMaintenance Mgr
Latoya AllenVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,409,012
Investment Income
$10,302
Other Revenue
$0
Change in Net Assets
$146,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,419,314
Total Revenue per Audited Statements
$2,419,314
Total Revenue per Form 990
$2,419,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,034,586
Salaries, Compensation, and Employee Benefits$237,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$483,645--$483,645
Insurance$219,002--$219,002
Fees for Services Management-$180,550-$180,550
Other Salaries and Wages$170,500--$170,500
Other Expenses$170,368--$170,368
All Other Expenses$84,782--$84,782
Other Employee Benefits$44,162--$44,162
Fees for Services Legal$31,522--$31,522
Payroll Taxes$23,136--$23,136
Fees for Services Accounting-$13,100-$13,100
Interest$10,954--$10,954
Fees for Services Other$7,740--$7,740
Information Technology$7,541--$7,541
Total Functional Expenses$2,078,734$193,650$0$2,272,384

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,272,384
Total Expenses per Audited Statements$2,272,384
Total Expenses per Form 990$2,272,384
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Building Management Associates IncOfficer/directoProperty MgtNo$180,550
Sentry SecurityOfficer/directSecurityNo$161,333
Tiffany Maintenance Co IncOfficer/directoMaint. & RepairNo$149,247
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$37,774
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Louis gigante salvatore gigante chairperson chief operat family related”

Form 990, Page 6, Part VI, Line 3

“The organization owns apartment buildings constructed and maintained to provide low income housing. The buildings are managed by building management associates, inc., a real estate property management company, which is owned by an officer and board member of the reporting organization.”

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

“The organization's 990 is reviwed and approved by controller and chief operating officer before it is finalized and issued.”

Form 990, Page 6, Part VI, Line 19

“Documents,which are public records, are avaialble from the ny secretary of state”

Filing and Contact Details

Filer

Filer Name
Timpson Housing Development Fund
EIN
13-3614970
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Chief Operating Offi
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Gigante
Formed
1991
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
7

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once tenants move out of the apartment.”

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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01363120
IRS990/OtherAssetsTotalGrp/EOYAmt01445622
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044162
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044162
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2WATER & SEWER
IRS990/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0374944
IRS990/OtherExpensesGrp/ProgramServicesAmt1262470
IRS990/OtherExpensesGrp/ProgramServicesAmt2187968
IRS990/OtherExpensesGrp/ProgramServicesAmt3170368
IRS990/OtherExpensesGrp/TotalAmt0374944
IRS990/OtherExpensesGrp/TotalAmt1262470
IRS990/OtherExpensesGrp/TotalAmt2187968
IRS990/OtherExpensesGrp/TotalAmt3170368
IRS990/OtherLiabilitiesGrp/BOYAmt033079
IRS990/OtherLiabilitiesGrp/EOYAmt037774
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0170500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0170500
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt023136
IRS990/PayrollTaxesGrp/TotalAmt023136
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0117817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0244125
IRS990/PrincipalOfficerNm0SALVATORE GIGANTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02409012
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02409012
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt023158
IRS990/PYOtherExpensesAmt02472242
IRS990/PYProgramServiceRevenueAmt02561952
IRS990/PYRevenuesLessExpensesAmt0-207721
IRS990/PYSalariesCompEmpBnftPaidAmt0320589
IRS990/PYTotalExpensesAmt02792831
IRS990/PYTotalRevenueAmt02585110
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0146930
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07670
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07670
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt023158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07322
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01478
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt065294
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02409012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02561952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02464013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02583600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02500577
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012519154
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt023158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07322
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01478
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt065294
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99480
IRS990ScheduleA/PublicSupportPY509Pct00.99550
IRS990ScheduleA/PublicSupportTotal509Amt012519154
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02409012
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02561952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02464013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02583600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02500577
IRS990ScheduleA/Total509Grp/TotalAmt012519154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02419314
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02585110
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02487047
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02590922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02502055
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012584448
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03753021
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08659035
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012412056
IRS990ScheduleD/EquipmentGrp/BookValueAmt054169
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0441710
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0495879
IRS990ScheduleD/ExpensesSubtotalAmt02272384
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0938500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1335585
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2171537
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueSubtotalAmt02419314
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE TENANTS MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03807190
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01445622
IRS990ScheduleD/TotalExpensesPerForm990Amt02272384
IRS990ScheduleD/TotalLiabilityAmt037774
IRS990ScheduleD/TotalRevenuePerForm990Amt02419314
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02419314
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02272384
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1693197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2604407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3199544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt024361
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1201033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FR LOUIS R GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JASON BOROFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LATOYA ALLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JOHN LOPEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF OPERATING OFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4MAINTENANCE MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt024361
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0220000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1201033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2693197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3604407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4199544
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BUILDING MANAGEMENT ASSOCIATES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SENTRY SECURITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER/DIRECT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0180550
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1149247
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2161333
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOUIS GIGANTE SALVATORE GIGANTE CHAIRPERSON CHIEF OPERAT FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY AN OFFICER AND BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS REVIWED AND APPROVED BY CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS,WHICH ARE PUBLIC RECORDS, ARE AVAIALBLE FROM THE NY SECRETARY OF STATE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,471,817
Liabilities
$10,995,064
Net assets
-$3,523,247
Revenue
$2,419,314
Expenses
$2,272,384
Net income
$146,930
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$10.6$4.44$2.62$3.40$0.77
2023Detailed filing. Detailed filing data is available for this year.$7.05$10.7$3.67$2.58$2.69$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$10.6$3.56$2.60$2.74$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.54$11.0$3.41$2.55$2.44$0.11
2020Detailed filing. Detailed filing data is available for this year.$7.47$11.0$3.52$2.42$2.27$0.15
2019Summary only. Only limited summary data is available for this year.$7.27$10.9$3.67$2.59$2.79$0.21
2018Summary only. Only limited summary data is available for this year.$7.46$10.9$3.46$2.49$2.65$0.17
2017Summary only. Only limited summary data is available for this year.$7.73$11.0$3.30$2.59$2.57$0.02
2016Summary only. Only limited summary data is available for this year.$7.83$11.2$3.32$2.50$2.53$0.02
2015Summary only. Only limited summary data is available for this year.$7.93$11.2$3.29$2.45$2.42$0.03
2014Summary only. Only limited summary data is available for this year.$7.93$11.3$3.32$2.35$2.36$0.02
2013Summary only. Only limited summary data is available for this year.$8.12$11.4$3.30$2.34$2.39$0.05
2012Summary only. Only limited summary data is available for this year.$8.07$11.3$3.25$2.91$2.09$0.82
2011Summary only. Only limited summary data is available for this year.$7.37$11.4$4.07$1.98$2.21$0.23
2010Summary only. Only limited summary data is available for this year.$7.42$11.3$3.84$1.94$2.05$0.11
Peer Organizations

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