Civic Intelligence

Carroll Place Hdfc Co Aquinas Housing Corporation

990 • Fiscal year 2017 • EIN 13-3646718

Feb 01, 2016 to Jan 31, 2017 • Filed on Dec 07, 2017

Organization Profile
1945 Vyse AvenueBronx, NY 10460

(718) 842-6440

Siviq Scores

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

Liabilities / Assets

97th percentile

1.60x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

5.22x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$348,242

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 109.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

49th percentile

2.8%

Faster asset growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

6.7%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,037,442

Up $28,102 (+2.8%) from 2016

Net Assets

Up

-$621,860

Up $31,735 (+4.9%) from 2016

Liabilities

Down

$1,659,302

Down $3,633 (-0.2%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin66th percentile

Revenue

Up

$317,735

Up $19,886 (+6.7%) from 2016

Expenses

Down

$285,560

Down $43,517 (-13%) from 2016

Net Income

Up

$32,175

Up $63,403 (+203%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,183,261Liabilities 2011: $1,630,432Net Assets 2011: -$447,1712011Assets 2012: $1,205,428Liabilities 2012: $1,680,797Net Assets 2012: -$475,3692012Assets 2013: $1,042,138Liabilities 2013: $1,630,985Net Assets 2013: -$588,8472013Assets 2014: $1,079,659Liabilities 2014: $1,684,160Net Assets 2014: -$604,5012014Assets 2015: $1,038,158Liabilities 2015: $1,655,476Net Assets 2015: -$617,3182015Assets 2016: $1,009,340Liabilities 2016: $1,662,935Net Assets 2016: -$653,5952016Assets 2017: $1,037,442Liabilities 2017: $1,659,302Net Assets 2017: -$621,8602017Assets 2018: $1,041,469Liabilities 2018: $1,643,152Net Assets 2018: -$601,6832018Assets 2019: $1,022,779Liabilities 2019: $1,658,756Net Assets 2019: -$635,9772019Assets 2020: $1,098,357Liabilities 2020: $1,701,598Net Assets 2020: -$603,2412020Assets 2021: $963,411Liabilities 2021: $1,652,544Net Assets 2021: -$689,1332021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$1,037,442
Liabilities$1,659,302
Net Assets-$621,860
Open 2017 Filing

Operations Trend

Revenue Growth55th percentile

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

$400K$200K$0-$200KExpenses 2011: $277,8672011Expenses 2012: $312,7572012Revenue 2013: $294,111Expenses 2013: $378,119Net Income 2013: -$84,0082013Revenue 2014: $289,696Expenses 2014: $303,087Net Income 2014: -$13,3912014Revenue 2015: $283,570Expenses 2015: $297,108Net Income 2015: -$13,5382015Revenue 2016: $297,849Expenses 2016: $329,077Net Income 2016: -$31,2282016Revenue 2017: $317,735Expenses 2017: $285,560Net Income 2017: $32,1752017Revenue 2018: $296,163Expenses 2018: $276,462Net Income 2018: $19,7012018Revenue 2019: $295,914Expenses 2019: $329,199Net Income 2019: -$33,2852019Revenue 2020: $334,557Expenses 2020: $305,766Net Income 2020: $28,7912020Revenue 2021: $306,508Expenses 2021: $392,109Net Income 2021: -$85,6012021Revenue 2022: $308,152Expenses 2022: $381,617Net Income 2022: -$73,4652022

Highlighted filing

2017

Revenue$317,735
Expenses$285,560
Net Income$32,175
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2016 to Jan 31, 2017
Signed
Dec 7, 2017
Return Version
2016v3.0
Gross Receipts
$317,735
Mission and Program Overview

Mission

To provide quality housing and social services to the low and moderate- income families of the south bronx, ny.

To provide low income housing to low and moderate income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$455,144$390,225▼ $64,919
Cash and Non-Interest-Bearing Accounts$166,657$257,151▲ $90,494
Other Notes and Loans Receivable, Net$98,590$98,590→ $0
Investments in Publicly Traded Securities$68,895$69,584▲ $689
Pledges and Grants Receivable$48,515$58,589▲ $10,074
Prepaid Expenses and Deferred Charges$41,563$31,366▼ $10,197
Total Assets$1,009,340$1,037,442▲ $28,102
Other Assets Total$129,976$131,937▲ $1,961
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,570,000$1,570,000→ $0
Accounts Payable and Accrued Expenses$49,701$46,766▼ $2,935
Other Liabilities$23,484$26,155▲ $2,671
Escrow Account Liability$19,750$16,381▼ $3,369
Total Liabilities$1,662,935$1,659,302▼ $3,633
Net Assets / Fund Balance
Unrestricted Net Assets$-653,595$-621,860▲ $31,735
Total Net Assets Fund Balance$-653,595$-621,860▲ $31,735
Total Liabilities and Net Assets / Fund Balance$1,009,340$1,037,442▲ $28,102

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$375,967$1,213,033$1,589,000
Equipment$14,257$37,743$52,000
Land$1-$1
Other Assets Org$16,381--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleBaseOtherTotal
Linda CasellaController-$108,341$108,341
Steven SeltzerExecutive Di-$43,269$43,269
Jason BoroffVice Chair$17,700$17,700$17,700

Board Members and Trustees

NameTitle
Valerie TorresChair
Evelyn ValasquezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$312,572
Investment Income
$1,129
Other Revenue
$4,034
Change in Net Assets
$32,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$317,735
Revenue Not Reported on Form 990
$-440
Total Revenue per Audited Statements
$317,295
Total Revenue per Form 990
$317,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,910
Salaries, Compensation, and Employee Benefits$28,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$71,069--$71,069
Depreciation Depletion$64,919--$64,919
Insurance$25,273--$25,273
Fees for Services Management$21,089--$21,089
Other Salaries and Wages$18,098--$18,098
Fees for Services Legal$16,178--$16,178
Other Employee Benefits$8,438--$8,438
Fees for Services Accounting-$6,900-$6,900
Payroll Taxes$2,114--$2,114
Other Expenses$1,684--$1,684
Fees for Services Other$885--$885
Total Functional Expenses$278,660$6,900$0$285,560

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$285,560
Total Expenses per Audited Statements$285,560
Total Expenses per Form 990$285,560
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
Prepaid Rent$15,682
Due to Affiliates$10,473
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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 3

“The organization during the year is managed by the wavecrest management team ltd and grenadier realty corp, which manages the books and records of the organization as well as the day-to-day operations. Aquinas housing corporation, its sponsor, oversees operations and provides asset management.”

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

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the controller and is ready to be filed with the internal revenue service it is electronically sent to the board members of the organization for approval.”

Form 990, Page 6, Part VI, Line 19

“The organization make its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. All other documents are avialable upon request in the management office.”

Filing and Contact Details

Filer

Filer Name
Carroll Place Hdfc
EIN
13-3646718
Phone
7188426440
Address
1945 VYSE AVENUE, BRONX, NY 10460

Signing Officer

Name
Steven Seltzer
Title
Executive Director
Phone
7188426440
Signed
2017-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Torres
Formed
1991
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0

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.”

Raw XML AppendixShowing 400 of 821 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt049701
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt046766
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING TO LOW AND MODERATE INCOME FAMILIES
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0GRENADIER REALTY CORP
IRS990/BooksInCareOfDetail/PhoneNum07186428700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01230 PENNSYLVANIA AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011239
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0166657
IRS990/CashNonInterestBearingGrp/EOYAmt0257151
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01129
IRS990/CYOtherExpensesAmt0256910
IRS990/CYOtherRevenueAmt04034
IRS990/CYProgramServiceRevenueAmt0312572
IRS990/CYRevenuesLessExpensesAmt032175
IRS990/CYSalariesCompEmpBnftPaidAmt028650
IRS990/CYTotalExpensesAmt0285560
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0317735
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt064919
IRS990/DepreciationDepletionGrp/TotalAmt064919
IRS990/Desc0TO PROVIDE SAFE, CLEAN AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN THE SOUTH BRONX, NY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt019750
IRS990/EscrowAccountLiabilityGrp/EOYAmt016381
IRS990/ExpenseAmt0278660
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06900
IRS990/FeesForServicesAccountingGrp/TotalAmt06900
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt016178
IRS990/FeesForServicesLegalGrp/TotalAmt016178
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt021089
IRS990/FeesForServicesManagementGrp/TotalAmt021089
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0885
IRS990/FeesForServicesOtherGrp/TotalAmt0885
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JASON BOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm1EVELYN VALASQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm2VALERIE TORRES
IRS990/Form990PartVIISectionAGrp/PersonNm3LINDA CASELLA
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVEN SELTZER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt017700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0330542
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3108341
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt443269
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0317735
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt025273
IRS990/InsuranceGrp/TotalAmt025273
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01129
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01129
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt068895
IRS990/InvestmentsPubTradedSecGrp/EOYAmt069584
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01250776
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0455144
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0390225
IRS990/LandBldgEquipCostOrOtherBssAmt01641001
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE QUALITY HOUSING AND SOCIAL SERVICES TO THE LOW AND MODERATE- INCOME FAMILIES OF THE SOUTH BRONX, NY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01570000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01570000
IRS990/NetAssetsOrFundBalancesBOYAmt0-653595
IRS990/NetAssetsOrFundBalancesEOYAmt0-621860
IRS990/NetUnrlzdGainsLossesInvstAmt0-440
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt071069
IRS990/OccupancyGrp/TotalAmt071069
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0129976
IRS990/OtherAssetsTotalGrp/EOYAmt0131937
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08438
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08438
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BUILDING SUPPLIES
IRS990/OtherExpensesGrp/Desc3EXTERMINATING
IRS990/OtherExpensesGrp/ProgramServicesAmt039370
IRS990/OtherExpensesGrp/ProgramServicesAmt16995
IRS990/OtherExpensesGrp/ProgramServicesAmt22548
IRS990/OtherExpensesGrp/ProgramServicesAmt31684
IRS990/OtherExpensesGrp/TotalAmt039370
IRS990/OtherExpensesGrp/TotalAmt16995
IRS990/OtherExpensesGrp/TotalAmt22548
IRS990/OtherExpensesGrp/TotalAmt31684
IRS990/OtherLiabilitiesGrp/BOYAmt023484
IRS990/OtherLiabilitiesGrp/EOYAmt026155
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04034
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04034
IRS990/OtherRevenueTotalAmt04034
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018098
IRS990/OtherSalariesAndWagesGrp/TotalAmt018098
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt098590
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt098590
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02114
IRS990/PayrollTaxesGrp/TotalAmt02114
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt048515
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt058589
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041563
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031366
IRS990/PrincipalOfficerNm0VALERIE TORRES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0312572
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0312572
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03574
IRS990/PYOtherExpensesAmt0283962
IRS990/PYOtherRevenueAmt02025
IRS990/PYProgramServiceRevenueAmt0292250
IRS990/PYRevenuesLessExpensesAmt0-31228
IRS990/PYSalariesCompEmpBnftPaidAmt045115
IRS990/PYTotalExpensesAmt0329077
IRS990/PYTotalRevenueAmt0297849
IRS990/ReconcilationRevenueExpnssAmt032175
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 13,271
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03574
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02535
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01299
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03874
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0312572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0292250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0280572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0287037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0284848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01457279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03574
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02535
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01299
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012411
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04034
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02025
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0463
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01360
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05389
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013271
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98270
IRS990ScheduleA/PublicSupportPY509Pct00.98380
IRS990ScheduleA/PublicSupportTotal509Amt01457279
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0312572
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0292250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0280572
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0287037
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0284848
IRS990ScheduleA/Total509Grp/TotalAmt01457279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0317735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0297849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0283570
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0289696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0294111
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01482961
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0375967
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01213033
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01589000
IRS990ScheduleD/EquipmentGrp/BookValueAmt014257
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052000
IRS990ScheduleD/ExpensesSubtotalAmt0285560
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-440
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0115556
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116381
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015682
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt0-440
IRS990ScheduleD/RevenueSubtotalAmt0317735
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/TotalBookValueLandBuildingsAmt0390225
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0131937
IRS990ScheduleD/TotalExpensesPerForm990Amt0285560
IRS990ScheduleD/TotalLiabilityAmt026155
IRS990ScheduleD/TotalRevenuePerForm990Amt0317735
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0317295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0285560
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt017700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0330542
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JASON BOROFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt017700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0330542
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DURING THE YEAR IS MANAGED BY THE WAVECREST MANAGEMENT TEAM LTD AND GRENADIER REALTY CORP, WHICH MANAGES THE BOOKS AND RECORDS OF THE ORGANIZATION AS WELL AS THE DAY-TO-DAY OPERATIONS. AQUINAS HOUSING CORPORATION, ITS SPONSOR, OVERSEES OPERATIONS AND PROVIDES ASSET MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE CONTROLLER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKE ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. ALL OTHER DOCUMENTS ARE AVIALABLE UPON REQUEST IN THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd6false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd8false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd9false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt7AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt8AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt9AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0134150181
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1133464429
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2521603426
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3133531082
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN4133599799
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN5133874541
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN6134201332
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN7134074560
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN8651258121
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN9562463615
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt6C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt7C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt8C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt9C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd6NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd7NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd8NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd9NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROP MGMT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1PROP MGMT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt6LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt7LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt8LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt9LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HOB II INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1HEART OF THE BRONX MANAGEMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt21965 VYSE AVENUE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3CRISCUOLO CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4J RAVEN CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5ELSMERE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt6938 EAST TREMONT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt7SOSA CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt8871 EAST 179TH STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt9RESIDENCIA ESTRELLA VARGAS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01945 VYSE AVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,037,442
Liabilities
$1,659,302
Net assets
-$621,860
Revenue
$317,735
Expenses
$285,560
Net income
$32,175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.00$0.00$0.00$0.31$0.38$0.07
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.96$1.65$0.69$0.31$0.39$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$1.70$0.60$0.33$0.31$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$1.66$0.64$0.30$0.33$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.04$1.64$0.60$0.30$0.28$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.04$1.66$0.62$0.32$0.29$0.03
2016Summary only. Only limited summary data is available for this year.$1.01$1.66$0.65$0.30$0.33$0.03
2015Summary only. Only limited summary data is available for this year.$1.04$1.66$0.62$0.28$0.30$0.01
2014Summary only. Only limited summary data is available for this year.$1.08$1.68$0.60$0.29$0.30$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$1.63$0.59$0.29$0.38$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.68$0.48$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$1.63$0.45$0.28