Civic Intelligence

Tremont Apartments Housing

EIN 13-3819601 • 501(c)3 • Bronx, NY

Profile

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

1945 Vyse AvenueBronx, NY 10460
Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.13x

Higher debt load relative to revenue than 21% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2023

Net Margin

96th percentile

97%

Higher net margin than 96% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$114,039

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 138.1% of source-year revenue.

NTEE L • $1M-$5M nonprofits • Source year 2023

Asset Growth

70th percentile

2.9%

Faster asset growth than 70% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

3.2%

Faster revenue growth than 49% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$2,971,425

Up $82,448 (+2.9%) from 2022

Liabilities

Up

$10,526

Up $2,700 (+35%) from 2022

Net Assets

Up

$2,960,899

Up $79,748 (+2.8%) from 2022

Operations
Liabilities / Revenue21st percentileNet Margin96th percentile

Revenue

Up

$82,548

Up $2,575 (+3.2%) from 2022

Expenses

Flat

$2,800

Flat from 2022

Net Income

Up

$79,748

Up $2,575 (+3.3%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,516,117Liabilities 2011: $1,623,140Net Assets 2011: -$107,0232011Assets 2012: $1,486,806Liabilities 2012: $106,672Net Assets 2012: $1,380,1342012Assets 2013: $1,529,043Liabilities 2013: $94,967Net Assets 2013: $1,434,0762013Assets 2014: $1,418,012Liabilities 2014: $85,630Net Assets 2014: $1,332,3822014Assets 2015: $1,378,027Liabilities 2015: $69,304Net Assets 2015: $1,308,7232015Assets 2016: $1,290,592Liabilities 2016: $47,138Net Assets 2016: $1,243,4542016Assets 2017: $1,238,115Liabilities 2017: $51,297Net Assets 2017: $1,186,8182017Assets 2018: $1,177,231Liabilities 2018: $57,250Net Assets 2018: $1,119,9812018Assets 2019: $3,160,142Liabilities 2019: $12,925Net Assets 2019: $3,147,2172019Assets 2020: $2,739,898Liabilities 2020: $10,600Net Assets 2020: $2,729,2982020Assets 2021: $2,809,104Liabilities 2021: $5,126Net Assets 2021: $2,803,9782021Assets 2022: $2,888,977Liabilities 2022: $7,826Net Assets 2022: $2,881,1512022Assets 2023: $2,971,425Liabilities 2023: $10,526Net Assets 2023: $2,960,8992023

Highlighted filing

2023

Assets$2,971,425
Liabilities$10,526
Net Assets$2,960,899
Open 2023 Filing

Operations Trend

Revenue Growth49th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $475,7252011Expenses 2012: $376,9892012Revenue 2013: $482,806Expenses 2013: $431,419Net Income 2013: $51,3872013Revenue 2014: $345,682Expenses 2014: $359,267Net Income 2014: -$13,5852014Revenue 2015: $372,789Expenses 2015: $394,099Net Income 2015: -$21,3102015Revenue 2016: $390,331Expenses 2016: $453,061Net Income 2016: -$62,7302016Revenue 2017: $388,584Expenses 2017: $444,465Net Income 2017: -$55,8812017Revenue 2018: $382,399Expenses 2018: $446,691Net Income 2018: -$64,2922018Revenue 2019: $2,200,698Expenses 2019: $177,486Net Income 2019: $2,023,2122019Revenue 2020: $75,058Expenses 2020: $492,977Net Income 2020: -$417,9192020Revenue 2021: $77,480Expenses 2021: $2,800Net Income 2021: $74,6802021Revenue 2022: $79,973Expenses 2022: $2,800Net Income 2022: $77,1732022Revenue 2023: $82,548Expenses 2023: $2,800Net Income 2023: $79,7482023

Highlighted filing

2023

Revenue$82,548
Expenses$2,800
Net Income$79,748
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,971,425
Liabilities
$10,526
Net assets
$2,960,899
Revenue
$82,548
Expenses
$2,800
Net income
$79,748
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.97$0.01$2.96$0.08$0.00$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.89$0.01$2.88$0.08$0.00$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.81$0.01$2.80$0.08$0.00$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.74$0.01$2.73$0.08$0.49$0.42
2019Detailed filing. Detailed filing data is available for this year.$3.16$0.01$3.15$2.20$0.18$2.02
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.06$1.12$0.38$0.45$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.05$1.19$0.39$0.44$0.06
2016Summary only. Only limited summary data is available for this year.$1.29$0.05$1.24$0.39$0.45$0.06
2015Summary only. Only limited summary data is available for this year.$1.38$0.07$1.31$0.37$0.39$0.02
2014Summary only. Only limited summary data is available for this year.$1.42$0.09$1.33$0.35$0.36$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.09$1.43$0.48$0.43$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.11$1.38$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$1.62$0.11$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$82,548
Mission and Program Overview

Mission

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

To provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$40,128$40,032▼ $96
Other Notes and Loans Receivable, Net$25,857$25,857→ $0
Total Assets$2,888,977$2,971,425▲ $82,448
Other Assets Total$2,822,992$2,905,536▲ $82,544
Liabilities
Accounts Payable and Accrued Expenses$7,826$10,526▲ $2,700
Total Liabilities$7,826$10,526▲ $2,700
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,881,151$2,960,899▲ $79,748
Total Net Assets Fund Balance$2,881,151$2,960,899▲ $79,748
Total Liabilities and Net Assets / Fund Balance$2,888,977$2,971,425▲ $82,448

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$259,503--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleOtherTotal
Jean BonhommeController$114,039$114,039
Anthony LynchExe Director$107,954$107,954
Steven SeltzerExecutive Di$82,154$82,154
Jason BoroffVice Chair/t$29,669$29,669
Joan TraniMember$14,675$14,675

Board Members and Trustees

NameTitle
Valerie TorresChair
Josefa SantosMember
Evelyn VelasquezSecretary
Salvatore GiganteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$82,548
Other Revenue
$0
Change in Net Assets
$79,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,800
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 Accounting-$2,700-$2,700
Fees for Service Investment Mgmnt Fees-$100-$100
Total Functional Expenses$0$2,800$0$2,800
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
No

Governance Explanations

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

“Tremont apartments housing development fund corporation 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 executive direcotr 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
Tremont Apartments Housing
EIN
13-3819601
Phone
7188426440
Address
1945 VYSE AVENUE, BRONX, NY 10460

Signing Officer

Name
Steven Seltzer
Title
Executive Director
Phone
7188426440
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Torres
Formed
1995
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
4
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
Raw XML AppendixShowing 400 of 636 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/ExplanationTxt0TREMONT APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION 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 EXECUTIVE DIRECOTR 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/ExplanationTxt1THE 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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BURKE PLAZA ASSOCIATES LP
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