Civic Intelligence

2044 7Th Avenue Housing Development

EIN 13-3740487 • 501(c)3 • New York, NY

Profile

The corporation is organized exclusively for the charitable purpose of owning, constructing, rehabilitation, leasing, managing, equipping, maintaining, developing and operating a housing project for persons of low income and needy.

2044 7th AveNew York, NY 10027
Siviq Scores

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

Liabilities / Assets

90th percentile

1.67x

Higher debt load relative to assets than 90% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

7.91x

Higher debt load relative to revenue than 73% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Net Margin

10th percentile

-89%

Higher net margin than 10% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-3.6%

Faster asset growth than 31% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

9.3%

Faster revenue growth than 67% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$1,475,058

Down $55,315 (-3.6%) from 2023

Liabilities

Up

$2,457,473

Up $220,433 (+9.9%) from 2023

Net Assets

Down

-$982,415

Down $275,748 (-39%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin10th percentile

Revenue

Up

$310,706

Up $26,474 (+9.3%) from 2023

Expenses

Up

$586,454

Up $149,518 (+34%) from 2023

Net Income

Down

-$275,748

Down $123,044 (-81%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2015: $1,881,826Liabilities 2015: $1,915,883Net Assets 2015: -$34,0572015Assets 2016: $1,818,073Liabilities 2016: $1,914,287Net Assets 2016: -$96,2142016Assets 2017: $1,731,177Liabilities 2017: $1,953,921Net Assets 2017: -$222,7442017Assets 2018: $1,687,290Liabilities 2018: $1,986,780Net Assets 2018: -$299,4902018Assets 2019: $1,752,122Liabilities 2019: $2,041,108Net Assets 2019: -$288,9862019Assets 2020: $1,703,863Liabilities 2020: $1,987,707Net Assets 2020: -$283,8442020Assets 2021: $1,702,936Liabilities 2021: $2,041,210Net Assets 2021: -$338,2742021Assets 2022: $1,569,917Liabilities 2022: $2,123,880Net Assets 2022: -$553,9632022Assets 2023: $1,530,373Liabilities 2023: $2,237,040Net Assets 2023: -$706,6672023Assets 2024: $1,475,058Liabilities 2024: $2,457,473Net Assets 2024: -$982,4152024

Highlighted filing

2024

Assets$1,475,058
Liabilities$2,457,473
Net Assets-$982,415
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $328,925Expenses 2015: $371,192Net Income 2015: -$42,2672015Revenue 2016: $296,126Expenses 2016: $358,283Net Income 2016: -$62,1572016Revenue 2017: $246,741Expenses 2017: $373,271Net Income 2017: -$126,5302017Revenue 2018: $238,861Expenses 2018: $315,607Net Income 2018: -$76,7462018Revenue 2019: $380,491Expenses 2019: $369,987Net Income 2019: $10,5042019Revenue 2020: $385,807Expenses 2020: $380,665Net Income 2020: $5,1422020Revenue 2021: $346,744Expenses 2021: $401,174Net Income 2021: -$54,4302021Revenue 2022: $242,311Expenses 2022: $389,134Net Income 2022: -$146,8232022Revenue 2023: $284,232Expenses 2023: $436,936Net Income 2023: -$152,7042023Revenue 2024: $310,706Expenses 2024: $586,454Net Income 2024: -$275,7482024

Highlighted filing

2024

Revenue$310,706
Expenses$586,454
Net Income-$275,748
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,475,058
Liabilities
$2,457,473
Net assets
-$982,415
Revenue
$310,706
Expenses
$586,454
Net income
-$275,748
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$2.46$0.98$0.31$0.59$0.28
2023Detailed filing. Detailed filing data is available for this year.$1.53$2.24$0.71$0.28$0.44$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.57$2.12$0.55$0.24$0.39$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.70$2.04$0.34$0.35$0.40$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.70$1.99$0.28$0.39$0.38$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.75$2.04$0.29$0.38$0.37$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.69$1.99$0.30$0.24$0.32$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.73$1.95$0.22$0.25$0.37$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.82$1.91$0.10$0.30$0.36$0.06
2015Summary only. Only limited summary data is available for this year.$1.88$1.92$0.03$0.33$0.37$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.0
Gross Receipts
$310,706
Mission and Program Overview

Mission

The corporation is organized exclusively for the charitable purpose of owning, constructing, rehabilitation, leasing, managing, equipping, maintaining, developing and operating a housing project for persons of low income and needy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$953,824$871,608▼ $82,216
Accounts Receivable$49,099$65,453▲ $16,354
Prepaid Expenses and Deferred Charges$52,165$57,993▲ $5,828
Cash and Non-Interest-Bearing Accounts$7,392$6,871▼ $521
Total Assets$1,530,373$1,475,058▼ $55,315
Other Assets Total$467,893$473,133▲ $5,240
Liabilities
Unsecured Notes Loans Payable$1,754,168$1,754,168→ $0
Accounts Payable and Accrued Expenses$309,092$516,243▲ $207,151
Other Liabilities$173,780$187,062▲ $13,282
Total Liabilities$2,237,040$2,457,473▲ $220,433
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-706,667$-982,415▼ $275,748
Total Net Assets Fund Balance$-706,667$-982,415▼ $275,748
Total Liabilities and Net Assets / Fund Balance$1,530,373$1,475,058▼ $55,315

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$97,292--
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Reverend Reginald WilliamsPresident
Leon EllisSecretary
Horace HenrySignature of
Minister Eli HallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$304,217
Investment Income
$6,489
Other Revenue
$0
Change in Net Assets
$-275,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$586,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$82,216--$82,216
All Other Expenses$70,298$4,777-$75,075
Insurance$72,038--$72,038
Other Expenses$49,802--$49,802
Fees for Services Management-$18,403-$18,403
Fees for Services Accounting-$6,500-$6,500
Office Expenses-$2,248-$2,248
Total Functional Expenses$554,526$31,928$0$586,454
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
Due to Arc$125,000
Other Payables$42,745
Prepaid Rent$19,317
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
2044 7th Avenue Housing Development
EIN
13-3740487
Phone
2123606442
Address
2044 7TH AVE, NEW YORK, NY 10027
Doing Business As
2044 7th Ave Hdfc

Signing Officer

Name
Horace Henry
Title
Signature Officer
Phone
2123606442
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reverend Reginald Williams
Formed
1992
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
VARGAS & RIVERA CPA'S LLP
Address
586 ROUTE 304, NEW CITY, NY 10956
Preparer
Theodore Vargas
Phone
8456383113
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized exclusively for the charitable purpose of owning, constructing, rehabilitation, leasing, managing, equipping, maintaining, developing and operating a housing project for persons of low income and needy.”

Form 990, Part IX, Line 24E

“Contracted labor 31,662 0 0 mortgage interest 13,952 0 0 licenses, permits & insp. 11,319 0 0 exterminating 6,228 0 0 other administrative exp. 0 4,777 0 supplies 3,192 0 0 telephone 2,695 0 0 financial expenses 1,250 0 0 total 70,298 4,777 0”

Raw XML Appendix318 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACTED LABOR 31,662 0 0 MORTGAGE INTEREST 13,952 0 0 LICENSES, PERMITS & INSP. 11,319 0 0 EXTERMINATING 6,228 0 0 OTHER ADMINISTRATIVE EXP. 0 4,777 0 SUPPLIES 3,192 0 0 TELEPHONE 2,695 0 0 FINANCIAL EXPENSES 1,250 0 0 TOTAL 70,298 4,777 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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 IX, LINE 24E
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01530373
IRS990/TotalAssetsEOYAmt01475058
IRS990/TotalAssetsGrp/BOYAmt01530373
IRS990/TotalAssetsGrp/EOYAmt01475058
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031928
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0554526
IRS990/TotalFunctionalExpensesGrp/TotalAmt0586454
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02237040
IRS990/TotalLiabilitiesEOYAmt02457473
IRS990/TotalLiabilitiesGrp/BOYAmt02237040
IRS990/TotalLiabilitiesGrp/EOYAmt02457473
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-706667
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-982415
IRS990/TotalProgramServiceExpensesAmt0554526
IRS990/TotalProgramServiceRevenueAmt0304217
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0310706
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310706
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01530373
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01475058
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01754168
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01754168
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 EAST 135TH STREET APT 9F
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010037
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HORACE HENRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SIGNATURE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02123606442
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt02044 7TH AVENUE HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt02044
ReturnHeader/Filer/EIN0133740487
ReturnHeader/Filer/PhoneNum02123606442
ReturnHeader/Filer/USAddress/AddressLine1Txt02044 7TH AVE
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010027
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133747593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARGAS & RIVERA CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0586 ROUTE 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010956
ReturnHeader/PreparerPersonGrp/PhoneNum08456383113
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THEODORE VARGAS
ReturnHeader/ReturnTs02025-11-10T14:02:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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