Civic Intelligence

Fairmont Place Housing Development Fund Corporation

990 • Fiscal year 2017 • EIN 13-3819617

May 01, 2016 to Apr 30, 2017 • Filed on Mar 11, 2018

1954 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

26th percentile

0.05x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.13x

Higher debt load relative to revenue than 26% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Net Margin

84th percentile

19%

Higher net margin than 84% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$329,172

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 122.0% of source-year revenue.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Asset Growth

77th percentile

4.4%

Faster asset growth than 77% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

4.3%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$741,163

Up $31,195 (+4.4%) from 2016

Net Assets

Up

$705,878

Up $51,112 (+7.8%) from 2016

Liabilities

Down

$35,285

Down $19,917 (-36%) from 2016

Revenue

Up

$269,724

Up $11,112 (+4.3%) from 2016

Expenses

Down

$218,455

Down $20,632 (-8.6%) from 2016

Net Income

Up

$51,269

Up $31,744 (+163%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $812,570Liabilities 2011: $1,008,527Net Assets 2011: -$195,9572011Assets 2012: $808,759Liabilities 2012: $82,673Net Assets 2012: $726,0862012Assets 2013: $816,650Liabilities 2013: $88,908Net Assets 2013: $727,7422013Assets 2014: $770,405Liabilities 2014: $125,765Net Assets 2014: $644,6402014Assets 2015: $724,335Liabilities 2015: $85,105Net Assets 2015: $639,2302015Assets 2016: $709,968Liabilities 2016: $55,202Net Assets 2016: $654,7662016Assets 2017: $741,163Liabilities 2017: $35,285Net Assets 2017: $705,8782017Assets 2018: $779,808Liabilities 2018: $56,522Net Assets 2018: $723,2862018Assets 2019: $721,985Liabilities 2019: $36,233Net Assets 2019: $685,7522019Assets 2020: $643,885Liabilities 2020: $30,484Net Assets 2020: $613,4012020Assets 2021: $640,827Liabilities 2021: $45,695Net Assets 2021: $595,1322021Assets 2022: $510,727Liabilities 2022: $71,660Net Assets 2022: $439,0672022Assets 2023: $306,342Liabilities 2023: $155,983Net Assets 2023: $150,3592023

Highlighted filing

2017

Assets$741,163
Liabilities$35,285
Net Assets$705,878

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2011: $261,8412011Expenses 2012: $228,4872012Revenue 2013: $244,768Expenses 2013: $243,887Net Income 2013: $8812013Revenue 2014: $236,571Expenses 2014: $316,367Net Income 2014: -$79,7962014Revenue 2015: $280,579Expenses 2015: $285,520Net Income 2015: -$4,9412015Revenue 2016: $258,612Expenses 2016: $239,087Net Income 2016: $19,5252016Revenue 2017: $269,724Expenses 2017: $218,455Net Income 2017: $51,2692017Revenue 2018: $265,722Expenses 2018: $246,720Net Income 2018: $19,0022018Revenue 2019: $238,796Expenses 2019: $277,043Net Income 2019: -$38,2472019Revenue 2020: $226,459Expenses 2020: $303,108Net Income 2020: -$76,6492020Revenue 2021: $234,542Expenses 2021: $249,923Net Income 2021: -$15,3812021Revenue 2022: $236,032Expenses 2022: $383,025Net Income 2022: -$146,9932022Revenue 2023: $226,997Expenses 2023: $511,494Net Income 2023: -$284,4972023

Highlighted filing

2017

Revenue$269,724
Expenses$218,455
Net Income$51,269
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Mar 11, 2018
Return Version
2016v3.1
Gross Receipts
$269,724
Mission and Program Overview

Mission

To provide quality housing and social services to the low and moderate- income families of the south bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$176,500$267,753▲ $91,253
Land, Buildings, and Equipment, Net$261,269$226,428▼ $34,841
Investments in Publicly Traded Securities$75,368$76,530▲ $1,162
Accounts Receivable$17,662$41,051▲ $23,389
Other Notes and Loans Receivable, Net$28,436$28,436→ $0
Prepaid Expenses and Deferred Charges$19,202$16,505▼ $2,697
Total Assets$709,968$741,163▲ $31,195
Other Assets Total$131,531$84,460▼ $47,071
Liabilities
Accounts Payable and Accrued Expenses$35,336$23,742▼ $11,594
Other Liabilities$16,495$10,061▼ $6,434
Deferred Revenue$3,371$1,482▼ $1,889
Total Liabilities$55,202$35,285▼ $19,917
Net Assets / Fund Balance
Unrestricted Net Assets$654,766$705,878▲ $51,112
Total Net Assets Fund Balance$654,766$705,878▲ $51,112
Total Liabilities and Net Assets / Fund Balance$709,968$741,163▲ $31,195

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$216,535$699,522$916,057
Equipment$9,892$5,408$15,300
Land$1-$1
Other Assets Org$75--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Jason BoroffVice Chair/t$7,938$321,234$329,172
Linda CasellaController-$108,341$108,341
Steven SeltzerExecutive Di-$43,269$43,269
Jason BoroffVice Chair/treasurer-$7,938$7,938

Board Members and Trustees

NameTitle
Valerie TorresChair
Evelyn VelasquezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$261,914
Investment Income
$1,412
Other Revenue
$6,398
Change in Net Assets
$51,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$269,724
Total Revenue per Audited Statements
$269,724
Total Revenue per Form 990
$269,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,081
Salaries, Compensation, and Employee Benefits$32,374
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$62,076--$62,076
Depreciation Depletion$34,841--$34,841
Insurance$22,843--$22,843
Fees for Services Management$18,671--$18,671
Other Salaries and Wages$16,054--$16,054
Other Employee Benefits$9,564--$9,564
Fees for Services Accounting-$8,200-$8,200
Payroll Taxes$6,756--$6,756
Fees for Services Legal$6,726--$6,726
Other Expenses$3,486--$3,486
All Other Expenses$2,401--$2,401
Fees for Services Other$185--$185
Total Functional Expenses$210,255$8,200$0$218,455

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$218,455
Total Expenses per Audited Statements$218,455
Total Expenses per Form 990$218,455
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
Tenant Security Deposits$10,061
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 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

Fairmont place 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 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 available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Fairmont Place Housing
EIN
13-3819617
Phone
7188426440
Address
1954 VYSE AVENUE, BRONX, NY 10460

Signing Officer

Name
Valerie Torres
Title
Chair
Phone
7188426440
Signed
2018-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Torres
Formed
1995
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
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 they move out of the apartment.

Raw XML AppendixShowing 400 of 827 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt035336
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt023742
IRS990/AccountsReceivableGrp/BOYAmt017662
IRS990/AccountsReceivableGrp/EOYAmt041051
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE QUALITY HOUSING AND SOCIAL SERVICES TO THE LOW AND MODERATE- INCOME FAMILIES OF THE SOUTH BRONX, NY.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02401
IRS990/AllOtherExpensesGrp/TotalAmt02401
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0GRENADIER REALTY CORP
IRS990/BooksInCareOfDetail/PhoneNum07186428700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01230 PENNSYLVANIA AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011239
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0176500
IRS990/CashNonInterestBearingGrp/EOYAmt0267753
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01412
IRS990/CYOtherExpensesAmt0186081
IRS990/CYOtherRevenueAmt06398
IRS990/CYProgramServiceRevenueAmt0261914
IRS990/CYRevenuesLessExpensesAmt051269
IRS990/CYSalariesCompEmpBnftPaidAmt032374
IRS990/CYTotalExpensesAmt0218455
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0269724
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt03371
IRS990/DeferredRevenueGrp/EOYAmt01482
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt034841
IRS990/DepreciationDepletionGrp/TotalAmt034841
IRS990/Desc0TO PROVIDE SAFE, CLEAN AND AFFORDABLE HOUSING TO LOW INCOME FAMILIES LOCATED IN THE SOUTH BRONX, NY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0210255
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08200
IRS990/FeesForServicesAccountingGrp/TotalAmt08200
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt06726
IRS990/FeesForServicesLegalGrp/TotalAmt06726
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt018671
IRS990/FeesForServicesManagementGrp/TotalAmt018671
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0185
IRS990/FeesForServicesOtherGrp/TotalAmt0185
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt235.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JASON BOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm1VALERIE TORRES
IRS990/Form990PartVIISectionAGrp/PersonNm2EVELYN VELASQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3LINDA CASELLA
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVEN SELTZER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt07938
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0321234
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3108341
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt443269
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR/T
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0269724
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022843
IRS990/InsuranceGrp/TotalAmt022843
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01412
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01412
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt075368
IRS990/InvestmentsPubTradedSecGrp/EOYAmt076530
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0704930
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0261269
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0226428
IRS990/LandBldgEquipCostOrOtherBssAmt0931358
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE QUALITY HOUSING AND SOCIAL SERVICES TO THE LOW AND MODERATE- INCOME FAMILIES OF THE SOUTH BRONX, NY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0654766
IRS990/NetAssetsOrFundBalancesEOYAmt0705878
IRS990/NetUnrlzdGainsLossesInvstAmt0-157
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt062076
IRS990/OccupancyGrp/TotalAmt062076
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0131531
IRS990/OtherAssetsTotalGrp/EOYAmt084460
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09564
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09564
IRS990/OtherExpensesGrp/Desc0REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2MAINTENANCE SUPPLIES
IRS990/OtherExpensesGrp/Desc3LICENSES AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt016115
IRS990/OtherExpensesGrp/ProgramServicesAmt16259
IRS990/OtherExpensesGrp/ProgramServicesAmt24278
IRS990/OtherExpensesGrp/ProgramServicesAmt33486
IRS990/OtherExpensesGrp/TotalAmt016115
IRS990/OtherExpensesGrp/TotalAmt16259
IRS990/OtherExpensesGrp/TotalAmt24278
IRS990/OtherExpensesGrp/TotalAmt33486
IRS990/OtherLiabilitiesGrp/BOYAmt016495
IRS990/OtherLiabilitiesGrp/EOYAmt010061
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06398
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06398
IRS990/OtherRevenueTotalAmt06398
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016054
IRS990/OtherSalariesAndWagesGrp/TotalAmt016054
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028436
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028436
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06756
IRS990/PayrollTaxesGrp/TotalAmt06756
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019202
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016505
IRS990/PrincipalOfficerNm0VALERIE TORRES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0261914
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0261914
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04140
IRS990/PYOtherExpensesAmt0192593
IRS990/PYOtherRevenueAmt01330
IRS990/PYProgramServiceRevenueAmt0253142
IRS990/PYRevenuesLessExpensesAmt019525
IRS990/PYSalariesCompEmpBnftPaidAmt046494
IRS990/PYTotalExpensesAmt0239087
IRS990/PYTotalRevenueAmt0258612
IRS990/ReconcilationRevenueExpnssAmt051269
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0261914
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt03,420
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037534
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt037534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02665
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01298
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04053
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013568
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0268312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0254472
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0240380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0235273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0237295
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01235732
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01298
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013568
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03420
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03420
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98680
IRS990ScheduleA/PublicSupportPY509Pct00.98610
IRS990ScheduleA/PublicSupportTotal509Amt01273266
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0268312
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0254472
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0277914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0235273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0237295
IRS990ScheduleA/Total509Grp/TotalAmt01273266
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0269724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0258612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0280579
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0236571
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0244768
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01290254
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0216535
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0699522
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0916057
IRS990ScheduleD/EquipmentGrp/BookValueAmt09892
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05408
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015300
IRS990ScheduleD/ExpensesSubtotalAmt0218455
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074324
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110061
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt275
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0269724
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0226428
IRS990ScheduleD/TotalBookValueOtherAssetsAmt084460
IRS990ScheduleD/TotalExpensesPerForm990Amt0218455
IRS990ScheduleD/TotalLiabilityAmt010061
IRS990ScheduleD/TotalRevenuePerForm990Amt0269724
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0269724
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0218455
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0321234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JASON BOROFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE CHAIR/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt07938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0321234
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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/ExplanationTxt1FAIRMONT PLACE 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 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 AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd6false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd8false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd9false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt7AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt8AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt9AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0134150181
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1133464429
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2521603426
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3133531082
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN4133599799
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN5133874541
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN6134201332
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN7134074560
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN8651258121
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN9562463615
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/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd6NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd7NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd8NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd9NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANAGING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1MANAGING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt6HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt7HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt8HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt9HOUSING
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/BusinessNameLine1Txt3CRISCUOLO 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/USAddress/AddressLine1Txt01945 VYSE AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt11945 VYSE AVENUE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.16$0.15$0.23$0.51$0.28
2022Detailed filing. Detailed filing data is available for this year.$0.51$0.07$0.44$0.24$0.38$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.05$0.60$0.23$0.25$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.03$0.61$0.23$0.30$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.69$0.24$0.28$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.06$0.72$0.27$0.25$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.74$0.04$0.71$0.27$0.22$0.05
2016Summary only. Only limited summary data is available for this year.$0.71$0.06$0.65$0.26$0.24$0.02
2015Summary only. Only limited summary data is available for this year.$0.72$0.09$0.64$0.28$0.29$0.00
2014Summary only. Only limited summary data is available for this year.$0.77$0.13$0.64$0.24$0.32$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.09$0.73$0.24$0.24$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.08$0.73$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$1.01$0.20$0.26