Civic Intelligence

Carroll Place Hdfc Co Aquinas Housing Corporation

990 • Fiscal year 2019 • EIN 13-3646718

Feb 01, 2018 to Jan 31, 2019 • Filed on Dec 02, 2019

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

1.62x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

5.61x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$248,671

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 84.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

32nd percentile

-1.8%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

-0.1%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,022,779

Down $18,690 (-1.8%) from 2018

Net Assets

Down

-$635,977

Down $34,294 (-5.7%) from 2018

Liabilities

Up

$1,658,756

Up $15,604 (+0.9%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin19th percentile

Revenue

Down

$295,914

Down $249 (-0.1%) from 2018

Expenses

Up

$329,199

Up $52,737 (+19%) from 2018

Net Income

Down

-$33,285

Down $52,986 (-269%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2019

Assets$1,022,779
Liabilities$1,658,756
Net Assets-$635,977
Open 2019 Filing

Operations Trend

Revenue Growth39th 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

2019

Revenue$295,914
Expenses$329,199
Net Income-$33,285
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2018 to Jan 31, 2019
Signed
Dec 2, 2019
Return Version
2018v3.1
Gross Receipts
$295,914
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
Cash and Non-Interest-Bearing Accounts$342,325$361,970▲ $19,645
Land, Buildings, and Equipment, Net$325,304$273,254▼ $52,050
Other Notes and Loans Receivable, Net$98,590$98,590→ $0
Pledges and Grants Receivable$47,199$78,179▲ $30,980
Investments in Publicly Traded Securities$71,357$72,310▲ $953
Prepaid Expenses and Deferred Charges$37,532$21,617▼ $15,915
Total Assets$1,041,469$1,022,779▼ $18,690
Other Assets Total$119,162$116,859▼ $2,303
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,570,000$1,570,000→ $0
Other Liabilities$26,312$37,935▲ $11,623
Accounts Payable and Accrued Expenses$31,877$36,935▲ $5,058
Escrow Account Liability$14,963$13,886▼ $1,077
Total Liabilities$1,643,152$1,658,756▲ $15,604
Net Assets / Fund Balance
Unrestricted Net Assets$-601,683$-635,977▼ $34,294
Total Net Assets Fund Balance$-601,683$-635,977▼ $34,294
Total Liabilities and Net Assets / Fund Balance$1,041,469$1,022,779▼ $18,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$256,920$1,332,080$1,589,000
Equipment$16,333$46,910$63,243
Land$1-$1
Other Assets Org$14,991--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleBaseOtherTotal
Gaudi Palanco MendozaExecutive Di-$115,670$115,670
Jean BonhommeController-$36,750$36,750
Steven SeltzerExecutive Di-$13,270$13,270
Jason BoroffVice Chair$5,784$5,784$5,784

Board Members and Trustees

NameTitle
Valerie TorresChair
Joan TraniBoard Direct
Josefa SantosBoard Member
Salvatore GiganteBoard Member
Evelyn ValasquezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$293,952
Investment Income
$1,962
Other Revenue
$0
Change in Net Assets
$-33,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$295,914
Revenue Not Reported on Form 990
$-1,009
Total Revenue per Audited Statements
$294,905
Total Revenue per Form 990
$295,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$294,465
Salaries, Compensation, and Employee Benefits$34,734
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$69,866--$69,866
Depreciation Depletion$63,293--$63,293
Insurance$31,823--$31,823
Other Salaries and Wages$21,601--$21,601
Fees for Services Management$21,155--$21,155
Other Employee Benefits$10,995--$10,995
Fees for Services Legal$7,238--$7,238
Fees for Services Accounting-$7,000-$7,000
Other Expenses$3,273--$3,273
Payroll Taxes$2,138--$2,138
All Other Expenses$1,870--$1,870
Fees for Services Other$243--$243
Total Functional Expenses$322,199$7,000$0$329,199

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$329,199
Total Expenses per Audited Statements$329,199
Total Expenses per Form 990$329,199
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$27,935
Due to Affiliates$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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 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
2019-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Torres
Formed
1991
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
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 848 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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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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DURING THE YEAR IS MANAGED BY 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
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,022,779
Liabilities
$1,658,756
Net assets
-$635,977
Revenue
$295,914
Expenses
$329,199
Net income
-$33,285
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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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