Civic Intelligence

Casella Houses Housing Development

EIN 13-3692875 • 501(c)3 • Bronx, NY

Profile

To provide safe, clean, affordable housing to low and moderate income families located in the south bronx, ny.

1945 Vyse AvenueBronx, NY 10460

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

9th percentile

-111%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$153,077

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 70.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-77%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $2,787,148 (-100%) from 2021

Liabilities

Down

$0

Down $3,396,193 (-100%) from 2021

Net Assets

Up

$0

Up $609,045 (+100%) from 2021

Revenue

Down

$216,024

Down $727,776 (-77%) from 2021

Expenses

Down

$455,486

Down $417,450 (-48%) from 2021

Net Income

Down

-$239,462

Down $310,326 (-438%) from 2021

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,765,478Liabilities 2011: $3,381,691Net Assets 2011: -$616,2132011Assets 2012: $2,520,802Liabilities 2012: $3,472,689Net Assets 2012: -$951,8872012Assets 2013: $2,611,014Liabilities 2013: $3,604,562Net Assets 2013: -$993,5482013Assets 2014: $2,387,839Liabilities 2014: $3,458,589Net Assets 2014: -$1,070,7502014Assets 2015: $2,487,546Liabilities 2015: $3,304,608Net Assets 2015: -$817,0622015Assets 2016: $2,541,831Liabilities 2016: $3,279,414Net Assets 2016: -$737,5832016Assets 2017: $2,584,308Liabilities 2017: $3,272,351Net Assets 2017: -$688,0432017Assets 2018: $2,586,205Liabilities 2018: $3,248,765Net Assets 2018: -$662,5602018Assets 2019: $2,723,745Liabilities 2019: $3,306,360Net Assets 2019: -$582,6152019Assets 2020: $2,663,907Liabilities 2020: $3,340,076Net Assets 2020: -$676,1692020Assets 2021: $2,787,148Liabilities 2021: $3,396,193Net Assets 2021: -$609,0452021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $966,1632011Expenses 2012: $1,236,4972012Revenue 2013: $931,983Expenses 2013: $972,382Net Income 2013: -$40,3992013Revenue 2014: $936,171Expenses 2014: $977,623Net Income 2014: -$41,4522014Revenue 2015: $1,093,156Expenses 2015: $837,277Net Income 2015: $255,8792015Revenue 2016: $960,241Expenses 2016: $880,213Net Income 2016: $80,0282016Revenue 2017: $907,588Expenses 2017: $857,824Net Income 2017: $49,7642017Revenue 2018: $910,646Expenses 2018: $882,689Net Income 2018: $27,9572018Revenue 2019: $952,660Expenses 2019: $876,464Net Income 2019: $76,1962019Revenue 2020: $869,784Expenses 2020: $966,026Net Income 2020: -$96,2422020Revenue 2021: $943,800Expenses 2021: $872,936Net Income 2021: $70,8642021Revenue 2022: $216,024Expenses 2022: $455,486Net Income 2022: -$239,4622022

Highlighted filing

2022

Revenue$216,024
Expenses$455,486
Net Income-$239,462

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.22$0.46$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$3.40$0.61$0.94$0.87$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$3.34$0.68$0.87$0.97$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.72$3.31$0.58$0.95$0.88$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$3.25$0.66$0.91$0.88$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$3.27$0.69$0.91$0.86$0.05
2016Summary only. Only limited summary data is available for this year.$2.54$3.28$0.74$0.96$0.88$0.08
2015Summary only. Only limited summary data is available for this year.$2.49$3.30$0.82$1.09$0.84$0.26
2014Summary only. Only limited summary data is available for this year.$2.39$3.46$1.07$0.94$0.98$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$3.60$0.99$0.93$0.97$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$3.47$0.95$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.38$0.62$0.97
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 14, 2023
Return Version
2021v4.0
Gross Receipts
$216,024
Mission and Program Overview

Mission

To provide safe, clean, affordable housing to low and moderate income families located in the south bronx, ny.

To provide low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,164,778--
Cash and Non-Interest-Bearing Accounts$592,681--
Accounts Receivable$394,464--
Prepaid Expenses and Deferred Charges$128,598--
Investments in Publicly Traded Securities$81,458--
Total Assets$2,787,148$0▼ $2,787,148
Other Assets Total$425,169--
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,145,000--
Accounts Payable and Accrued Expenses$189,660--
Escrow Account Liability$39,557--
Deferred Revenue$15,753--
Other Liabilities$6,223--
Total Liabilities$3,396,193$0▼ $3,396,193
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-609,045--
Total Net Assets Fund Balance$-609,045$0▲ $609,045
Total Liabilities and Net Assets / Fund Balance$2,787,148$0▼ $2,787,148
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Steven SeltzerExecutive Di-$153,077$153,077
Jean BonhommeController-$111,923$111,923
Jason BoroffVice Chairpe$3,038$34,500$37,538

Board Members and Trustees

NameTitle
Valerie TorresChairperson
Steven SeltzerExecutive Director
Joan TraniMember
Josefa SantosMember
Salvatore GiganteMember
Evelyn VelasquezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$215,416
Investment Income
$608
Other Revenue
$0
Change in Net Assets
$-239,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$419,794
Salaries, Compensation, and Employee Benefits$35,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$80,974--$80,974
Insurance$33,837--$33,837
Depreciation Depletion$22,012--$22,012
Other Salaries and Wages$20,509--$20,509
Other Employee Benefits$13,616--$13,616
Fees for Services Management-$10,816-$10,816
All Other Expenses$4,831--$4,831
Other Expenses$4,203--$4,203
Fees for Services Accounting-$4,000-$4,000
Payroll Taxes$1,567--$1,567
Fees for Services Other$1,221--$1,221
Total Functional Expenses$440,670$14,816$0$455,486
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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 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 makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similiar types of websites. In addition, the financial statements, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Casella Houses Housing Development
EIN
13-3692875
Phone
7188426440
Address
1945 VYSE AVENUE, BRONX, NY 10460

Signing Officer

Name
Anthony Lynch
Title
Acting Exe Director
Phone
7188426440
Signed
2023-08-14

Organization Details

Principal Officer
Valerie Torres
Formed
1996
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

Additional Explanations

Form 990, Part XI, Line 9

Transfer due to merger 849,229

Raw XML AppendixShowing 400 of 851 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
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IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01381
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09796
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt03485
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IRS990ScheduleA/PublicSupportCY509Pct00.99660
IRS990ScheduleA/PublicSupportPY509Pct00.99600
IRS990ScheduleA/PublicSupportTotal509Amt03879633
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0215416
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0867773
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0950498
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0905780
IRS990ScheduleA/Total509Grp/TotalAmt03879633
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0216024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0943800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0869784
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0952660
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0910646
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03892914
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0153077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVEN SELTZER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0TRANSFER DUE TO MERGER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CARROLL BURKE HOUISING DEVELOPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-01-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0871375266
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0849229
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01945 VYSE AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0BRONX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd010452
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE SAME BOARD SERVES FOR BOTH ORGANIZATIONS, CASELLA HOUSES HDFC AND CARROLL BURKE HDFC.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION 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 MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILIAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER DUE TO MERGER 849,229
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AQUINAS
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd9N/A
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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/EntityTypeTxt10C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd9NY
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANAGING
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3HOUSING
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt10LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HOB II INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1HEART OF THE BRONX MANAGEMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt21965 VYSE AVENUE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3CRISUOLO 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/RelatedOrganizationName/BusinessNameLine1Txt10AQUINAS DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01945 VYSE AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt11945 VYSE AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt21945 VYSE AVENUE

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