Civic Intelligence

Victor Sanchez Housing Development Fund

990 • Fiscal year 2013 • EIN 13-3835942

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 18, 2014

1652 Amsterdam AvenueNew York, NY 10031

(212) 862-1399

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.46x

Higher debt load relative to assets than 92% of similar nonprofits.

2013 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

81st percentile

9.22x

Higher debt load relative to revenue than 81% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Net Margin

16th percentile

-46%

Higher net margin than 16% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Asset Growth

12th percentile

-7.1%

Faster asset growth than 12% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

18th percentile

-7.3%

Faster revenue growth than 18% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2010 to 2013

Assets

Down

$1,990,754

Down $152,717 (-7.1%) from 2012

Net Assets

Down

-$925,373

Down $143,912 (-18%) from 2012

Liabilities

Down

$2,916,127

Down $8,805 (-0.3%) from 2012

Revenue

$316,180

No earlier filing loaded for comparison.

Expenses

Up

$460,092

Up $24,159 (+5.5%) from 2012

Net Income

-$143,912

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $2,310,509Liabilities 2010: $2,953,172Net Assets 2010: -$642,6632010Assets 2011: $2,228,126Liabilities 2011: $2,945,952Net Assets 2011: -$717,8262011Assets 2012: $2,143,471Liabilities 2012: $2,924,932Net Assets 2012: -$781,4612012Assets 2013: $1,990,754Liabilities 2013: $2,916,127Net Assets 2013: -$925,3732013Assets 2014: $1,866,993Liabilities 2014: $2,971,270Net Assets 2014: -$1,104,2772014Assets 2015: $1,822,476Liabilities 2015: $3,011,196Net Assets 2015: -$1,188,7202015Assets 2016: $1,667,354Liabilities 2016: $2,920,415Net Assets 2016: -$1,253,0612016Assets 2017: $2,752,914Liabilities 2017: $3,961,893Net Assets 2017: -$1,208,9792017Assets 2018: $2,771,670Liabilities 2018: $4,062,847Net Assets 2018: -$1,291,1772018Assets 2019: $2,715,274Liabilities 2019: $4,020,227Net Assets 2019: -$1,304,9532019Assets 2020: $2,591,843Liabilities 2020: $3,952,752Net Assets 2020: -$1,360,9092020Assets 2021: $2,463,554Liabilities 2021: $3,886,782Net Assets 2021: -$1,423,2282021Assets 2022: $1,898,262Liabilities 2022: $3,897,898Net Assets 2022: -$1,999,6362022Assets 2023: $1,692,296Liabilities 2023: $3,866,004Net Assets 2023: -$2,173,7082023Assets 2024: $1,527,425Liabilities 2024: $3,893,588Net Assets 2024: -$2,366,1632024

Highlighted filing

2013

Assets$1,990,754
Liabilities$2,916,127
Net Assets-$925,373

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2010: $397,031Expenses 2010: $479,915Net Income 2010: -$82,8842010Expenses 2011: $494,1782011Expenses 2012: $435,9332012Revenue 2013: $316,180Expenses 2013: $460,092Net Income 2013: -$143,9122013Revenue 2014: $384,927Expenses 2014: $563,831Net Income 2014: -$178,9042014Revenue 2015: $379,098Expenses 2015: $463,541Net Income 2015: -$84,4432015Revenue 2016: $431,488Expenses 2016: $495,829Net Income 2016: -$64,3412016Revenue 2017: $476,129Expenses 2017: $432,047Net Income 2017: $44,0822017Revenue 2018: $439,725Expenses 2018: $521,923Net Income 2018: -$82,1982018Revenue 2019: $480,056Expenses 2019: $493,832Net Income 2019: -$13,7762019Revenue 2020: $479,406Expenses 2020: $535,362Net Income 2020: -$55,9562020Revenue 2021: $479,043Expenses 2021: $541,361Net Income 2021: -$62,3182021Revenue 2022: $474,938Expenses 2022: $1,051,347Net Income 2022: -$576,4092022Revenue 2023: $483,457Expenses 2023: $657,529Net Income 2023: -$174,0722023Revenue 2024: $495,729Expenses 2024: $688,184Net Income 2024: -$192,4552024

Highlighted filing

2013

Revenue$316,180
Expenses$460,092
Net Income-$143,912
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 18, 2014
Return Version
2013v3.1
Gross Receipts
$316,180
Mission and Program Overview

Mission

the organization was organized to provide housing to indigent families. its purpose is to relieve congestion and overcrowding in housing among poor families mentally disadvantaged persons and the homeless.

The organization was organized to provide housing to indigent families. Its purpose is to relieve congestion and overcrowding in housing among poor families, mentally disadvantaged persons and the homeless. The organizations primary mission is to increase housing opportunities for indigent people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,261,009$1,154,944▼ $106,065
Cash and Non-Interest-Bearing Accounts$687,333$654,111▼ $33,222
Accounts Receivable$151,324$140,391▼ $10,933
Prepaid Expenses and Deferred Charges$16,954$16,052▼ $902
Total Assets$2,143,471$1,990,754▼ $152,717
Other Assets Total$26,851$25,256▼ $1,595
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,895,043$2,877,052▼ $17,991
Accounts Payable and Accrued Expenses$10,033$20,692▲ $10,659
Other Liabilities$19,856$18,383▼ $1,473
Total Liabilities$2,924,932$2,916,127▼ $8,805
Net Assets / Fund Balance
Unrestricted Net Assets$-781,461$-925,373▼ $143,912
Total Net Assets Fund Balance$-781,461$-925,373▼ $143,912
Total Liabilities and Net Assets / Fund Balance$2,143,471$1,990,754▼ $152,717

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,154,944$1,761,842$2,916,786
Compensation and Service Providers

Board Members and Trustees

NameTitle
Genevieve OutlawChairperson
Ann DozierVice Chair
Courtney BennettBoardmember
Lenore B BrowneBoardmember
Ileana DelarosaSecretary
Diance InceTeasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$315,023
Investment Income
$848
Other Revenue
$309
Change in Net Assets
$-143,912

Audited Revenue Reconciliation

Revenue per Audited Statements
$316,180
Total Revenue per Audited Statements
$316,180
Total Revenue per Form 990
$316,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,183
Salaries, Compensation, and Employee Benefits$44,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$84,852$21,213-$106,065
Other Salaries and Wages$22,607$5,651-$28,258
Fees for Services Management$18,882$4,721-$23,603
Fees for Services Legal$18,561$4,640-$23,201
Insurance$18,283$4,571-$22,854
Other Expenses$17,871$4,468-$22,339
Other Employee Benefits$11,477$2,869-$14,346
Fees for Services Accounting$11,096$2,774-$13,870
Interest$9,769$2,443-$12,212
Office Expenses$4,338$1,083-$5,421
All Other Expenses$4,301$1,075-$5,376
Payroll Taxes$1,844$461-$2,305
Fees for Services Other$1,739$435-$2,174
Total Functional Expenses$368,074$92,018$0$460,092

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$460,092
Total Expenses per Audited Statements$460,092
Total Expenses per Form 990$460,092
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
Federal income taxes$18,383
Tenants Security Deposits Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The Governing Board delegates the review of the Form 990 to its Finance Committee. The Finance Committee reviews the Form 990 with the organizations auditor and reports back to the full Board of Directors.

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

Conflict of interest policies are discussed orally with employees on an annual basis.

Form 990, Part VI, Section B, Line 15A and 15B

The Executive Director and Key Executive salaries are determined by the Board of Directors based on a comparison of Executive salaries of other Not-For-Profit organizations of similar size and with comparative budgets.

Form 990, Part VI, Section C, Line 19

Government documents, conflict of interest policies and the organizations financial statements are maintained at the central administrative offices. The documents are available for review by the general public upon request.

Filing and Contact Details

Filer

EIN
13-3835942
Phone
2128621399

Signing Officer

Name
Donald C Notice
Title
Executive Director
Signed
2014-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald C Notice
Formed
1995
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
3

Preparer

Preparer
John L Howard CPA
Phone
2122273730
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-143912
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0316180
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0315023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0352023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0412929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0395964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0372072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01848011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0848
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0920
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0853
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0905
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01404
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04930
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01878500
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0309
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt019355
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05233
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0162
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt025559
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98380
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.98310
IRS990ScheduleA/PublicSupportTotal170Amt01848011
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0315023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0352023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0412929
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0395964
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0372072
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01848011
IRS990ScheduleA/TotalSupportAmt01878500
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01154944
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01761842
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02916786
IRS990ScheduleD/ExpensesSubtotalAmt0460092
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0316180
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01154944
IRS990ScheduleD/TotalExpensesPerForm990Amt0460092
IRS990ScheduleD/TotalLiabilityAmt018383
IRS990ScheduleD/TotalRevenuePerForm990Amt0316180
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0316180
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0460092
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Governing Board delegates the review of the Form 990 to its Finance Committee. The Finance Committee reviews the Form 990 with the organizations auditor and reports back to the full Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest policies are discussed orally with employees on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director and Key Executive salaries are determined by the Board of Directors based on a comparison of Executive salaries of other Not-For-Profit organizations of similar size and with comparative budgets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Government documents, conflict of interest policies and the organizations financial statements are maintained at the central administrative offices. The documents are available for review by the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a and 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02143471
IRS990/TotalAssetsEOYAmt01990754
IRS990/TotalAssetsGrp/BOYAmt02143471
IRS990/TotalAssetsGrp/EOYAmt01990754
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092018
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0368074
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460092
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02924932
IRS990/TotalLiabilitiesEOYAmt02916127
IRS990/TotalLiabilitiesGrp/BOYAmt02924932
IRS990/TotalLiabilitiesGrp/EOYAmt02916127
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-781461
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-925373
IRS990/TotalProgramServiceExpensesAmt0368074
IRS990/TotalProgramServiceRevenueAmt0315023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0316180
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0316180
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02143471
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01990754
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-781461
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-925373
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101652 AMSTERDAM AVENUE
IRS990/USAddress/City0NEW YORK
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010031
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.WHGAINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD C NOTICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-18
ReturnHeader/Filer/BusinessName/BusinessNameLine10VICTOR SANCHEZ HDFC
ReturnHeader/Filer/BusinessNameControlTxt0VICT
ReturnHeader/Filer/EIN0133835942
ReturnHeader/Filer/PhoneNum02128621399
ReturnHeader/Filer/USAddress/AddressLine101652 AMSTERDAM AVENUE
ReturnHeader/Filer/USAddress/City0NEW YORK
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10JOHN L HOWARD CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10139 FULTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode010038
ReturnHeader/PreparerPersonGrp/PhoneNum02122273730

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$3.89$2.37$0.50$0.69$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.69$3.87$2.17$0.48$0.66$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.90$3.90$2.00$0.47$1.05$0.58
2021Detailed filing. Detailed filing data is available for this year.$2.46$3.89$1.42$0.48$0.54$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.59$3.95$1.36$0.48$0.54$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.72$4.02$1.30$0.48$0.49$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.77$4.06$1.29$0.44$0.52$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.75$3.96$1.21$0.48$0.43$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.67$2.92$1.25$0.43$0.50$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.82$3.01$1.19$0.38$0.46$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.87$2.97$1.10$0.38$0.56$0.18
2013Detailed filing. Detailed filing data is available for this year.$1.99$2.92$0.93$0.32$0.46$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$2.92$0.78$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$2.95$0.72$0.49
2010Summary only. Only limited summary data is available for this year.$2.31$2.95$0.64$0.40$0.48$0.08