Civic Intelligence

163 West 170Th Street Hdfc Inc

EIN 13-3864833 • 501(c)3 • Bronx, NY

Pub. 78 EligibleNTEE L22

Profile

To provide low income to moderate income housing opportunities for the community

660 East 183rd StreetBronx, NY 10458

www.belmontarthur.com

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.05x

Higher debt load relative to assets than 22% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.21x

Higher debt load relative to revenue than 17% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

1.8%

Higher net margin than 80% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Asset Growth

81st percentile

0.5%

Faster asset growth than 81% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

0.4%

Faster revenue growth than 34% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,701,486

Up $12,280 (+0.5%) from 2023

Liabilities

Up

$122,748

Up $1,609 (+1.3%) from 2023

Net Assets

Up

$2,578,738

Up $10,671 (+0.4%) from 2023

Revenue

Up

$592,104

Up $2,439 (+0.4%) from 2023

Expenses

Up

$581,433

Up $48,667 (+9.1%) from 2023

Net Income

Down

$10,671

Down $46,228 (-81%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,755,529Liabilities 2011: $847,780Net Assets 2011: $907,7492011Assets 2012: $1,887,270Liabilities 2012: $843,906Net Assets 2012: $1,043,3642012Assets 2013: $2,018,874Liabilities 2013: $851,846Net Assets 2013: $1,167,0282013Assets 2014: $2,136,721Liabilities 2014: $80,496Net Assets 2014: $2,056,2252014Assets 2015: $2,223,625Liabilities 2015: $81,898Net Assets 2015: $2,141,7272015Assets 2016: $2,328,346Liabilities 2016: $90,253Net Assets 2016: $2,238,0932016Assets 2017: $2,419,110Liabilities 2017: $90,109Net Assets 2017: $2,329,0012017Assets 2018: $2,495,696Liabilities 2018: $92,729Net Assets 2018: $2,402,9672018Assets 2019: $2,587,176Liabilities 2019: $93,580Net Assets 2019: $2,493,5962019Assets 2020: $2,622,570Liabilities 2020: $113,981Net Assets 2020: $2,508,5892020Assets 2021: $2,633,824Liabilities 2021: $99,959Net Assets 2021: $2,533,8652021Assets 2022: $2,634,512Liabilities 2022: $123,344Net Assets 2022: $2,511,1682022Assets 2023: $2,689,206Liabilities 2023: $121,139Net Assets 2023: $2,568,0672023Assets 2024: $2,701,486Liabilities 2024: $122,748Net Assets 2024: $2,578,7382024

Highlighted filing

2024

Assets$2,701,486
Liabilities$122,748
Net Assets$2,578,738

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $420,099Expenses 2011: $334,869Net Income 2011: $85,2302011Revenue 2012: $463,823Expenses 2012: $328,208Net Income 2012: $135,6152012Revenue 2013: $482,152Expenses 2013: $358,488Net Income 2013: $123,6642013Revenue 2014: $499,865Expenses 2014: $375,780Net Income 2014: $124,0852014Revenue 2015: $503,211Expenses 2015: $417,709Net Income 2015: $85,5022015Revenue 2016: $515,577Expenses 2016: $419,211Net Income 2016: $96,3662016Revenue 2017: $522,233Expenses 2017: $431,325Net Income 2017: $90,9082017Revenue 2018: $533,932Expenses 2018: $459,966Net Income 2018: $73,9662018Revenue 2019: $565,167Expenses 2019: $474,538Net Income 2019: $90,6292019Revenue 2020: $579,058Expenses 2020: $564,065Net Income 2020: $14,9932020Revenue 2021: $578,132Expenses 2021: $552,856Net Income 2021: $25,2762021Revenue 2022: $557,387Expenses 2022: $580,084Net Income 2022: -$22,6972022Revenue 2023: $589,665Expenses 2023: $532,766Net Income 2023: $56,8992023Revenue 2024: $592,104Expenses 2024: $581,433Net Income 2024: $10,6712024

Highlighted filing

2024

Revenue$592,104
Expenses$581,433
Net Income$10,671

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.12$2.58$0.59$0.58$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.69$0.12$2.57$0.59$0.53$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.63$0.12$2.51$0.56$0.58$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.63$0.10$2.53$0.58$0.55$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.62$0.11$2.51$0.58$0.56$0.01
2019Summary only. Only limited summary data is available for this year.$2.59$0.09$2.49$0.57$0.47$0.09
2018Summary only. Only limited summary data is available for this year.$2.50$0.09$2.40$0.53$0.46$0.07
2017Summary only. Only limited summary data is available for this year.$2.42$0.09$2.33$0.52$0.43$0.09
2016Summary only. Only limited summary data is available for this year.$2.33$0.09$2.24$0.52$0.42$0.10
2015Summary only. Only limited summary data is available for this year.$2.22$0.08$2.14$0.50$0.42$0.09
2014Summary only. Only limited summary data is available for this year.$2.14$0.08$2.06$0.50$0.38$0.12
2013Summary only. Only limited summary data is available for this year.$2.02$0.85$1.17$0.48$0.36$0.12
2012Summary only. Only limited summary data is available for this year.$1.89$0.84$1.04$0.46$0.33$0.14
2011Summary only. Only limited summary data is available for this year.$1.76$0.85$0.91$0.42$0.33$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$592,104
Mission and Program Overview

Mission

To provide low income to moderate income housing opportunities for the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,795,918$1,698,249▼ $97,669
Land, Buildings, and Equipment, Net$400,549$510,908▲ $110,359
Savings and Temporary Cash Investments$280,725$283,997▲ $3,272
Accounts Receivable$123,668$117,462▼ $6,206
Prepaid Expenses and Deferred Charges$40,790$40,670▼ $120
Total Assets$2,689,206$2,701,486▲ $12,280
Other Assets Total$47,556$50,200▲ $2,644
Liabilities
Other Liabilities$99,625$81,433▼ $18,192
Accounts Payable and Accrued Expenses$21,514$41,315▲ $19,801
Total Liabilities$121,139$122,748▲ $1,609
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,568,067$2,578,738▲ $10,671
Total Net Assets Fund Balance$2,568,067$2,578,738▲ $10,671
Total Liabilities and Net Assets / Fund Balance$2,689,206$2,701,486▲ $12,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$485,908$936,754$1,422,662
Land$25,000-$25,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Consolato CicciuPresident
Paul FracassiVice President
Cecilia FerroSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$578,256
Investment Income
$13,848
Other Revenue
$0
Change in Net Assets
$10,671

Audited Revenue Reconciliation

Revenue per Audited Statements
$592,104
Total Revenue per Audited Statements
$592,104
Total Revenue per Form 990
$592,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$565,614
Salaries, Compensation, and Employee Benefits$15,819
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$263,517--$263,517
Insurance$49,743--$49,743
Fees for Services Management-$40,694-$40,694
Depreciation Depletion-$26,562-$26,562
Fees for Services Legal-$16,860-$16,860
Other Employee Benefits$15,819--$15,819
Fees for Services Accounting-$8,099-$8,099
All Other Expenses$6,510--$6,510
Office Expenses-$5,218-$5,218
Information Technology-$3,512-$3,512
Advertising-$446-$446
Total Functional Expenses$480,042$101,391$0$581,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$581,433
Total Expenses per Audited Statements$581,433
Total Expenses per Form 990$581,433
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Belart Company LLCCommon PartnershipContracted MaintenanceNo$210,648
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$50,200
Rental Overpayments$31,233
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 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Yes, the following officers have a family relationship with each other. Consolato cicciu, president, is brother to cecilia ferro, secretary.

Members or stockholder classes and rights Part VI line 6

Yes, the organization includes members only

Member election for additional members Part VI line 7A

Yes, the organization contains a board of directors that may elect one or more governing bodies

Governing body decisions Part VI line 7B

Yes, via a board meeting the decisions of the governing body are subject to approval by its members

Form 990 governing body review Part VI line 11

The organization reviews the form 990 diligently updating any information that has changed from the prior years by holding a meeting between the controller of the company along with president and secretary. All procedures and policies are reviewed and discussed in its entirety

Conflict of interest policy compliance Part VI line 12C

The organization regularly and consistently monitors and enforces compliance with its conflicts of interest policy by reviewing the working relationship of the hdfc to coincide with the projects rules and regulations mandated by hpd and other specialized programs that the hdfc are involved with on ongoing basis

CEO executive director top management comp Part VI line 15A

There is no compensation paid directly from this hdfc to anyone listed on the board of directors, nor the organizations key employees or top management. Any compensation paid is done so via the sponsor, which collects the management fees from this entity

Other officer or key employee compensation Part VI line 15B

N/a; there is no compensation paid directly from this hdfc to anyone listed on the board of directors, nor the organizations key employees or top management. Any compensation paid is done so via the sponsor, which collects the management fees from this entity

Governing documents etc available to public Part VI line 19

The organization makes its governing documents,conflict of interest policies and financial statements available to the public via a scheduled meeting of the board of directors and also upon request.

Filing and Contact Details

Filer

Filer Name
163 West 170th Street Hdfc Inc
EIN
13-3864833
In Care Of
% CONSOLATO CICCIU
Phone
7182952882
Address
660 EAST 183RD STREET, BRONX, NY 10458

Signing Officer

Name
Consolato Cicciu
Title
President
Phone
7183675300
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
Luigi LaVerghetta CPA PC
Address
9 North Goodwin- Suite 2, Elmsford, NY 10523
Preparer
Luigi Laverghetta
Phone
9143806460
Raw XML Appendix386 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BELART COMPANY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON PARTNERSHIP
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES, THE FOLLOWING OFFICERS HAVE A FAMILY RELATIONSHIP WITH EACH OTHER. CONSOLATO CICCIU, PRESIDENT, IS BROTHER TO CECILIA FERRO, SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, THE ORGANIZATION INCLUDES MEMBERS ONLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, THE ORGANIZATION CONTAINS A BOARD OF DIRECTORS THAT MAY ELECT ONE OR MORE GOVERNING BODIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, VIA A BOARD MEETING THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY ITS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE FORM 990 DILIGENTLY UPDATING ANY INFORMATION THAT HAS CHANGED FROM THE PRIOR YEARS BY HOLDING A MEETING BETWEEN THE CONTROLLER OF THE COMPANY ALONG WITH PRESIDENT AND SECRETARY. ALL PROCEDURES AND POLICIES ARE REVIEWED AND DISCUSSED IN ITS ENTIRETY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICTS OF INTEREST POLICY BY REVIEWING THE WORKING RELATIONSHIP OF THE HDFC TO COINCIDE WITH THE PROJECTS RULES AND REGULATIONS MANDATED BY HPD AND OTHER SPECIALIZED PROGRAMS THAT THE HDFC ARE INVOLVED WITH ON ONGOING BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS NO COMPENSATION PAID DIRECTLY FROM THIS HDFC TO ANYONE LISTED ON THE BOARD OF DIRECTORS, NOR THE ORGANIZATIONS KEY EMPLOYEES OR TOP MANAGEMENT. ANY COMPENSATION PAID IS DONE SO VIA THE SPONSOR, WHICH COLLECTS THE MANAGEMENT FEES FROM THIS ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7N/A; THERE IS NO COMPENSATION PAID DIRECTLY FROM THIS HDFC TO ANYONE LISTED ON THE BOARD OF DIRECTORS, NOR THE ORGANIZATIONS KEY EMPLOYEES OR TOP MANAGEMENT. ANY COMPENSATION PAID IS DONE SO VIA THE SPONSOR, WHICH COLLECTS THE MANAGEMENT FEES FROM THIS ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA A SCHEDULED MEETING OF THE BOARD OF DIRECTORS AND ALSO UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONSOLATO CICCIU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07183675300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0163 WEST 170TH STREET HDFC INC
ReturnHeader/Filer/BusinessNameControlTxt0163W
ReturnHeader/Filer/EIN0133864833
ReturnHeader/Filer/InCareOfNm0% CONSOLATO CICCIU
ReturnHeader/Filer/PhoneNum07182952882
ReturnHeader/Filer/USAddress/AddressLine1Txt0660 EAST 183RD STREET
ReturnHeader/Filer/USAddress/CityNm0BRONX
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ReturnHeader/Filer/USAddress/ZIPCd010458
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465389353
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Luigi LaVerghetta CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09 North Goodwin- Suite 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elmsford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010523
ReturnHeader/PreparerPersonGrp/PhoneNum09143806460
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUIGI LAVERGHETTA
ReturnHeader/ReturnTs02025-11-13T15:02:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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