Civic Intelligence

Mt. Pleasant Housing Development Fund Co Inc.

990 • Fiscal year 2022 • EIN 13-3745063

Dec 01, 2021 to Nov 30, 2022 • Filed on Oct 16, 2023

421 East 116th StreetNew York, NY 10029

(212) 410-3153

Siviq Scores

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

Liabilities / Assets

99th percentile

3.91x

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

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

5.75x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Net Margin

38th percentile

-16%

Higher net margin than 38% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

79th percentile

$234,641

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Asset Growth

81st percentile

9.2%

Faster asset growth than 81% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-18%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,807,812

Up $152,457 (+9.2%) from 2021

Net Assets

Down

-$5,254,319

Down $192,801 (-3.8%) from 2021

Liabilities

Up

$7,062,131

Up $345,258 (+5.1%) from 2021

Revenue

Down

$1,228,054

Down $263,775 (-18%) from 2021

Expenses

Down

$1,420,855

Down $5,165 (-0.4%) from 2021

Net Income

Down

-$192,801

Down $258,610 (-393%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $3,221,440Liabilities 2011: $6,696,107Net Assets 2011: -$3,474,6672011Assets 2012: $3,142,285Liabilities 2012: $6,704,856Net Assets 2012: -$3,562,5712012Assets 2014: $2,743,604Liabilities 2014: $6,543,674Net Assets 2014: -$3,800,0702014Assets 2015: $2,567,061Liabilities 2015: $6,545,721Net Assets 2015: -$3,978,6602015Assets 2016: $2,344,056Liabilities 2016: $6,633,374Net Assets 2016: -$4,289,3182016Assets 2017: $2,265,764Liabilities 2017: $6,934,222Net Assets 2017: -$4,668,4582017Assets 2018: $1,876,804Liabilities 2018: $6,755,964Net Assets 2018: -$4,879,1602018Assets 2019: $1,754,847Liabilities 2019: $7,062,071Net Assets 2019: -$5,307,2242019Assets 2020: $2,404,485Liabilities 2020: $7,531,812Net Assets 2020: -$5,127,3272020Assets 2021: $1,655,355Liabilities 2021: $6,716,873Net Assets 2021: -$5,061,5182021Assets 2022: $1,807,812Liabilities 2022: $7,062,131Net Assets 2022: -$5,254,3192022Assets 2023: $1,471,555Liabilities 2023: $7,323,915Net Assets 2023: -$5,852,3602023Assets 2024: $1,411,307Liabilities 2024: $7,321,666Net Assets 2024: -$5,910,3592024

Highlighted filing

2022

Assets$1,807,812
Liabilities$7,062,131
Net Assets-$5,254,319

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $601,223Expenses 2011: $777,843Net Income 2011: -$176,6202011Revenue 2012: $682,814Expenses 2012: $770,718Net Income 2012: -$87,9042012Revenue 2014: $675,579Expenses 2014: $812,944Net Income 2014: -$137,3652014Revenue 2015: $660,050Expenses 2015: $838,640Net Income 2015: -$178,5902015Revenue 2016: $636,512Expenses 2016: $947,170Net Income 2016: -$310,6582016Revenue 2017: $824,981Expenses 2017: $879,605Net Income 2017: -$54,6242017Revenue 2018: $1,022,380Expenses 2018: $1,233,082Net Income 2018: -$210,7022018Revenue 2019: $1,022,337Expenses 2019: $1,450,401Net Income 2019: -$428,0642019Revenue 2020: $1,594,318Expenses 2020: $1,414,421Net Income 2020: $179,8972020Revenue 2021: $1,491,829Expenses 2021: $1,426,020Net Income 2021: $65,8092021Revenue 2022: $1,228,054Expenses 2022: $1,420,855Net Income 2022: -$192,8012022Revenue 2023: $1,202,411Expenses 2023: $1,612,900Net Income 2023: -$410,4892023Revenue 2024: $1,279,809Expenses 2024: $1,388,076Net Income 2024: -$108,2672024

Highlighted filing

2022

Revenue$1,228,054
Expenses$1,420,855
Net Income-$192,801
Jump To
Filing Snapshot
Filing Period
Dec 1, 2021 to Nov 30, 2022
Signed
Oct 16, 2023
Return Version
2021v4.2
Gross Receipts
$1,228,054
Mission and Program Overview

Mission

To provide clean, affordable, safe housing for senior citizens in the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$811,240$573,960▼ $237,280
Accounts Receivable$131,521$538,858▲ $407,337
Prepaid Expenses and Deferred Charges$82,137$173,541▲ $91,404
Cash and Non-Interest-Bearing Accounts$272,824$19,199▼ $253,625
Total Assets$1,655,355$1,807,812▲ $152,457
Other Assets Total$357,633$502,254▲ $144,621
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,236,300$6,236,300→ $0
Accounts Payable and Accrued Expenses$218,728$539,621▲ $320,893
Other Liabilities$226,654$222,562▼ $4,092
Deferred Revenue$22,452$50,909▲ $28,457
Escrow Account Liability$12,739$12,739→ $0
Total Liabilities$6,716,873$7,062,131▲ $345,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,061,518$-5,254,319▼ $192,801
Total Net Assets Fund Balance$-5,061,518$-5,254,319▼ $192,801
Total Liabilities and Net Assets / Fund Balance$1,655,355$1,807,812▲ $152,457

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$542,460$5,780,718$6,323,178
Equipment$0$105,659$105,659
Other Land Buildings$0$46,798$46,798
Land$31,500-$31,500
Other Assets Org$88,115--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John WarrenChairman
Rocco PapandreaVice President
Kent LanglossDirector
Kristen SmithDirector
Margaret J DavinoDirector
Patricia FrancisDirector
Patricia SuarezDirector
Peter HandalDirector
Christopher CirilloExecutive Director/preside
Nadia DrewSecretary
Kristina WiigTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,227,231
Investment Income
$823
Other Revenue
$0
Change in Net Assets
$-192,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,420,855
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
Fees for Services Management$396,613$241,404-$638,017
Depreciation Depletion$237,280--$237,280
Occupancy$151,144--$151,144
Office Expenses$23,153--$23,153
Fees for Services Accounting-$17,232-$17,232
Insurance$17,207--$17,207
Fees for Services Legal$8,798--$8,798
Other Expenses$900--$900
Advertising$1--$1
Total Functional Expenses$1,162,219$258,636$0$1,420,855
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 Related Party$165,750
Accrued Real Estate Taxes$56,812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegates management duties to lott cdc and the wavecrest management team, ltd.

Form 990, Part VI, Section B, Line 11B

A copy of the organizations 990 is provided to management for review and comments before filing.

Form 990, Part VI, Section B, Line 12C

The organization adopted a conflict of interest policy that required for all board members and officers to annually disclose any actual or potential conflicts of interest as they arise.

Form 990, Part VI, Section B, Line 15

Compensation is determined by a related organization using the following method: the process for determining compensation for the president and executive director is determined by an executive committee. To ensure competitiveness, wages are compared to other affordable housing organizations, both for- and not-for-profit, or the local market for positions applicable to a broader competitive market.

Form 990, Part VI, Section C, Line 19

All documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mt Pleasant Housing Development Fund
EIN
13-3745063
Phone
2124103153
Address
421 EAST 116TH STREET, NEW YORK, NY 10029

Signing Officer

Name
Christopher Cirillo
Title
Executive Director/president
Phone
2124103153
Signed
2023-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Cirillo
Formed
1995
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Cohnreznick Llp
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Additional Explanations

FROM 990:

The stand-alone audit for mt. Pleasany hdfc is not avilable at the time of filing. Form 990 is being prepared with the best available information. Should information materially change, appropriate action will be taken.

Financial Statement Notes

PART IV, LINE 2B:

The organization maintains security deposits as required by state law.

PART X, LINE 2:

Ascendant has applied for and received a determination letter from the internal revenue service ("irs") to be treated as tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code. There was no unrelated business income for the year ended december 31, 2021. Due to their tax-exempt status, the nonprofit corporation is not subject to income taxes. The nonprofit corporations are required to file and do file tax returns with the irs and other taxing authorities. Ascendant heritage is a disregarded entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by ascendant on its informational return. Accordingly, ascendant heritage is not required to file an income tax return with the irs or other taxing authorities and these financial statements do not reflect a provision for income taxes. Ascendant heritage has no other tax positions which must be considered for disclosure. Tax years still open for irs examination are the years ended december 31, 2018, 2019 and 2020.

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IRS990/OtherAssetsTotalGrp/EOYAmt0502254
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISC. TAXES, LICENSES A
IRS990/OtherExpensesGrp/ProgramServicesAmt0319488
IRS990/OtherExpensesGrp/ProgramServicesAmt17635
IRS990/OtherExpensesGrp/ProgramServicesAmt2900
IRS990/OtherExpensesGrp/TotalAmt0319488
IRS990/OtherExpensesGrp/TotalAmt17635
IRS990/OtherExpensesGrp/TotalAmt2900
IRS990/OtherLiabilitiesGrp/BOYAmt0226654
IRS990/OtherLiabilitiesGrp/EOYAmt0222562
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082137
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0173541
IRS990/PrincipalOfficerNm0CHRISTOPHER CIRILLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01227231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01227231
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0584
IRS990/PYOtherExpensesAmt01426020
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01491245
IRS990/PYRevenuesLessExpensesAmt065809
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01426020
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01491829
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-192801
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01227231
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0823
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0584
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0907
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0754
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03827
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01227231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01491245
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01593559
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01021430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01021626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06355091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0823
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0584
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0907
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03827
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt06355091
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01227231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01491245
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01593559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01021430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01021626
IRS990ScheduleA/Total509Grp/TotalAmt06355091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01228054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01491829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01594318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01022337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01022380
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06358918
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0542460
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05780718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06323178
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105659
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105659
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt031500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012105
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113262
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2388016
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3756
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt488115
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MISCELLANEOUS OTHER ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046798
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0165750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt156812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ASCENDANT HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2021. DUE TO THEIR TAX-EXEMPT STATUS, THE NONPROFIT CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE NONPROFIT CORPORATIONS ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ASCENDANT HERITAGE IS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES AND, AS SUCH, IS NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY ASCENDANT ON ITS INFORMATIONAL RETURN. ACCORDINGLY, ASCENDANT HERITAGE IS NOT REQUIRED TO FILE AN INCOME TAX RETURN WITH THE IRS OR OTHER TAXING AUTHORITIES AND THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. ASCENDANT HERITAGE HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. TAX YEARS STILL OPEN FOR IRS EXAMINATION ARE THE YEARS ENDED DECEMBER 31, 2018, 2019 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0573960
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0502254
IRS990ScheduleD/TotalLiabilityAmt0222562
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0195000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt039641
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTOPHER CIRILLO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/PRESIDE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0234641
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO LOTT CDC AND THE WAVECREST MANAGEMENT TEAM, LTD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE ORGANIZATIONS 990 IS PROVIDED TO MANAGEMENT FOR REVIEW AND COMMENTS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRED FOR ALL BOARD MEMBERS AND OFFICERS TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING METHOD: THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT AND EXECUTIVE DIRECTOR IS DETERMINED BY AN EXECUTIVE COMMITTEE. TO ENSURE COMPETITIVENESS, WAGES ARE COMPARED TO OTHER AFFORDABLE HOUSING ORGANIZATIONS, BOTH FOR- AND NOT-FOR-PROFIT, OR THE LOCAL MARKET FOR POSITIONS APPLICABLE TO A BROADER COMPETITIVE MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE STAND-ALONE AUDIT FOR MT. PLEASANY HDFC IS NOT AVILABLE AT THE TIME OF FILING. FORM 990 IS BEING PREPARED WITH THE BEST AVAILABLE INFORMATION. SHOULD INFORMATION MATERIALLY CHANGE, APPROPRIATE ACTION WILL BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FROM 990:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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