Civic Intelligence

142 Ludlow Street Housing Development Fund Company Inc.

990 • Fiscal year 2013 • EIN 13-3637357

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 24, 2014

235 East BroadwayNew York, NY 10002

(212) 233-6037

Siviq Scores

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

Liabilities / Assets

98th percentile

2.36x

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

99th percentile

12.85x

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

4th percentile

-73%

Higher net margin than 4% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

15th percentile

-11%

Faster asset growth than 15% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$514,356

Down $140,653 (-21%) from 2011

Net Assets

Up

-$698,924

Up $275,512 (+28%) from 2011

Liabilities

Down

$1,213,280

Down $416,165 (-26%) from 2011

Revenue

$94,389

No earlier filing loaded for comparison.

Expenses

Up

$162,871

Up $15,971 (+11%) from 2011

Net Income

-$68,482

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.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $693,064Liabilities 2010: $1,609,468Net Assets 2010: -$916,4042010Assets 2011: $655,009Liabilities 2011: $1,629,445Net Assets 2011: -$974,4362011Assets 2013: $514,356Liabilities 2013: $1,213,280Net Assets 2013: -$698,9242013Assets 2014: $391,844Liabilities 2014: $1,302,607Net Assets 2014: -$910,7632014Assets 2015: $322,752Liabilities 2015: $1,043,373Net Assets 2015: -$720,6212015Assets 2016: $263,706Liabilities 2016: $1,017,852Net Assets 2016: -$754,1462016Assets 2017: $228,753Liabilities 2017: $1,067,404Net Assets 2017: -$838,6512017Assets 2018: $192,887Liabilities 2018: $1,119,0822018Assets 2019: $156,024Liabilities 2019: $1,147,852Net Assets 2019: -$991,8282019Assets 2020: $130,747Liabilities 2020: $1,200,663Net Assets 2020: -$1,069,9162020Assets 2021: $260,538Liabilities 2021: $1,404,796Net Assets 2021: -$1,144,2582021Assets 2022: $189,816Liabilities 2022: $1,422,465Net Assets 2022: -$1,232,6492022Assets 2023: $196,023Liabilities 2023: $1,467,872Net Assets 2023: -$1,271,8492023Assets 2024: $210,433Liabilities 2024: $1,638,303Net Assets 2024: -$1,427,8702024

Highlighted filing

2013

Assets$514,356
Liabilities$1,213,280
Net Assets-$698,924

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2010: $142,4292010Expenses 2011: $146,9002011Revenue 2013: $94,389Expenses 2013: $162,871Net Income 2013: -$68,4822013Revenue 2014: $88,791Expenses 2014: $300,630Net Income 2014: -$211,8392014Revenue 2015: $93,541Expenses 2015: $185,232Net Income 2015: -$91,6912015Revenue 2016: $118,841Expenses 2016: $152,366Net Income 2016: -$33,5252016Revenue 2017: $90,085Expenses 2017: $174,590Net Income 2017: -$84,5052017Revenue 2018: $92,254Expenses 2018: $179,798Net Income 2018: -$87,5442018Revenue 2019: $94,912Expenses 2019: $160,545Net Income 2019: -$65,6332019Revenue 2020: $95,635Expenses 2020: $173,723Net Income 2020: -$78,0882020Revenue 2021: $96,378Expenses 2021: $170,720Net Income 2021: -$74,3422021Revenue 2022: $96,293Expenses 2022: $184,684Net Income 2022: -$88,3912022Revenue 2023: $96,293Expenses 2023: $135,493Net Income 2023: -$39,2002023Revenue 2024: $96,293Expenses 2024: $252,314Net Income 2024: -$156,0212024

Highlighted filing

2013

Revenue$94,389
Expenses$162,871
Net Income-$68,482
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 24, 2014
Return Version
2013v3.0
Gross Receipts
$94,389
Mission and Program Overview

Mission

Operating a government assisted housing project for low income individuals.

To operate a government assisted housing project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$435,919$385,866▼ $50,053
Other Notes and Loans Receivable, Net-$64,078-
Savings and Temporary Cash Investments$12,008$54,662▲ $42,654
Prepaid Expenses and Deferred Charges$37,990$8,841▼ $29,149
Accounts Receivable$7,730$909▼ $6,821
Total Assets$557,725$514,356▼ $43,369
Other Assets Total$64,078--
Liabilities
Other Liabilities$923,715$954,696▲ $30,981
Mortgage Notes Payable Secured by Investment Property$261,295$255,083▼ $6,212
Accounts Payable and Accrued Expenses$3,157$3,501▲ $344
Total Liabilities$1,188,167$1,213,280▲ $25,113
Net Assets / Fund Balance
Unrestricted Net Assets$-630,442$-698,924▼ $68,482
Total Net Assets Fund Balance$-630,442$-698,924▼ $68,482
Total Liabilities and Net Assets / Fund Balance$557,725$514,356▼ $43,369

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$385,866$947,356$1,333,222
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aaron FromSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$94,331
Investment Income
$58
Other Revenue
$0
Change in Net Assets
$-68,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,136
Salaries, Compensation, and Employee Benefits$2,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$50,053--$50,053
Occupancy$46,088--$46,088
Interest$30,630--$30,630
Insurance-$15,117-$15,117
Fees for Services Management$8,000--$8,000
Fees for Services Legal-$5,710-$5,710
Office Expenses$2,269$2,269-$4,538
Other Salaries and Wages$2,500--$2,500
Payroll Taxes$235--$235
Total Functional Expenses$139,775$23,096$0$162,871
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$655,563
Deferred Interest$293,344
Tennant Security Deposits$5,789
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11

The irs form 990 was provided to all board members prior to filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
13-3637357
Phone
2122336037

Signing Officer

Name
Aaron From
Title
Secretary
Phone
2122336037
Signed
2014-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron From
Formed
1993
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
1
Employees
1
Volunteers
0

Preparer

Preparer
Howard Cohen
Phone
2128127000
Raw XML Appendix379 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.

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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City2NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City3NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode010002
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode110002
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode210002
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode310002
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0557725
IRS990/TotalAssetsEOYAmt0514356
IRS990/TotalAssetsGrp/BOYAmt0557725
IRS990/TotalAssetsGrp/EOYAmt0514356
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023096
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0139775
IRS990/TotalFunctionalExpensesGrp/TotalAmt0162871
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01188167
IRS990/TotalLiabilitiesEOYAmt01213280
IRS990/TotalLiabilitiesGrp/BOYAmt01188167
IRS990/TotalLiabilitiesGrp/EOYAmt01213280
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-630442
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-698924
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0139775
IRS990/TotalProgramServiceRevenueAmt094331
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt058
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt094331
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt094389
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0557725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0514356
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-630442
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-698924
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10235 EAST BROADWAY
IRS990/USAddress/City0NEW YORK
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010002
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AARON FROM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02122336037
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine10142 LUDLOW STREET HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine20FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0142L
ReturnHeader/Filer/EIN0133637357
ReturnHeader/Filer/PhoneNum02122336037
ReturnHeader/Filer/USAddress/AddressLine10235 EAST BROADWAY
ReturnHeader/Filer/USAddress/City0NEW YORK
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010002
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131459550
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WEISERMAZARS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10135 WEST 50TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode010020
ReturnHeader/PreparerPersonGrp/PhoneNum02128127000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD COHEN
ReturnHeader/ReturnTs02014-11-24T12:45:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.21$1.64$1.43$0.10$0.25$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.20$1.47$1.27$0.10$0.14$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.19$1.42$1.23$0.10$0.18$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$1.40$1.14$0.10$0.17$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$1.20$1.07$0.10$0.17$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$1.15$0.99$0.09$0.16$0.07
2018Summary only. Only limited summary data is available for this year.$0.19$1.12$0.09$0.18$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.23$1.07$0.84$0.09$0.17$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.26$1.02$0.75$0.12$0.15$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$1.04$0.72$0.09$0.19$0.09
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.39$1.30$0.91$0.09$0.30$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.51$1.21$0.70$0.09$0.16$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$1.63$0.97$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$1.61$0.92$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $500k-$1M nonprofits