Civic Intelligence

1035 Broadway Housing Development Fund Company Inc

990 • Fiscal year 2015 • EIN 13-3870736

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

141 Tompkins Avenue 3rd FloorPleasantville, NY 10570

(914) 741-0740

Siviq Scores

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

Liabilities / Assets

66th percentile

1.08x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

8.27x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Net Margin

29th percentile

-17%

Higher net margin than 29% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$100,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 112.6% of source-year revenue.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.8%

Faster asset growth than 24% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

4.6%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$677,986

Down $34,028 (-4.8%) from 2014

Net Assets

Down

-$56,526

Down $15,380 (-37%) from 2014

Liabilities

Down

$734,512

Down $18,648 (-2.5%) from 2014

Revenue

Up

$88,804

Up $3,922 (+4.6%) from 2014

Expenses

Down

$104,184

Down $23,752 (-19%) from 2014

Net Income

Up

-$15,380

Up $27,674 (+64%) from 2014

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 2013: $772,102Liabilities 2013: $770,194Net Assets 2013: $1,9082013Assets 2014: $712,014Liabilities 2014: $753,160Net Assets 2014: -$41,1462014Assets 2015: $677,986Liabilities 2015: $734,512Net Assets 2015: -$56,5262015Assets 2016: $640,109Liabilities 2016: $730,860Net Assets 2016: -$90,7512016Assets 2017: $617,267Liabilities 2017: $724,780Net Assets 2017: -$107,5132017Assets 2018: $602,940Liabilities 2018: $723,068Net Assets 2018: -$120,1282018Assets 2019: $577,126Liabilities 2019: $717,642Net Assets 2019: -$140,5162019Assets 2020: $928,439Liabilities 2020: $1,114,019Net Assets 2020: -$185,5802020Assets 2021: $845,605Liabilities 2021: $1,110,827Net Assets 2021: -$265,2222021Assets 2022: $764,901Liabilities 2022: $1,102,442Net Assets 2022: -$337,5412022Assets 2023: $926,686Liabilities 2023: $1,339,879Net Assets 2023: -$413,1932023Assets 2024: $930,221Liabilities 2024: $1,420,356Net Assets 2024: -$490,1352024

Highlighted filing

2015

Assets$677,986
Liabilities$734,512
Net Assets-$56,526

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $81,223Expenses 2013: $125,315Net Income 2013: -$44,0922013Revenue 2014: $84,882Expenses 2014: $127,936Net Income 2014: -$43,0542014Revenue 2015: $88,804Expenses 2015: $104,184Net Income 2015: -$15,3802015Revenue 2016: $86,406Expenses 2016: $120,631Net Income 2016: -$34,2252016Revenue 2017: $90,872Expenses 2017: $107,634Net Income 2017: -$16,7622017Revenue 2018: $97,188Expenses 2018: $109,803Net Income 2018: -$12,6152018Revenue 2019: $98,431Expenses 2019: $118,819Net Income 2019: -$20,3882019Revenue 2020: $70,802Expenses 2020: $115,866Net Income 2020: -$45,0642020Revenue 2021: $29,852Expenses 2021: $109,494Net Income 2021: -$79,6422021Revenue 2022: $31,799Expenses 2022: $104,118Net Income 2022: -$72,3192022Revenue 2023: $35,583Expenses 2023: $111,235Net Income 2023: -$75,6522023Revenue 2024: $35,973Expenses 2024: $112,915Net Income 2024: -$76,9422024

Highlighted filing

2015

Revenue$88,804
Expenses$104,184
Net Income-$15,380
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$88,804
Mission and Program Overview

Mission

To own, operate and promote affordable residential housing for residents in thornwood, ny.

To develop, on a non-profit basis, a housing project for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$629,454$584,646▼ $44,808
Cash and Non-Interest-Bearing Accounts$5,470$22,083▲ $16,613
Intangible Assets$13,460$4,623▼ $8,837
Prepaid Expenses and Deferred Charges$4,365$4,576▲ $211
Accounts Receivable$748$19▼ $729
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-194,573$-209,953▼ $15,380
Total Assets$712,014$677,986▼ $34,028
Other Assets Total$58,517$62,039▲ $3,522
Liabilities
Unsecured Notes Loans Payable$501,944$488,553▼ $13,391
Mortgage Notes Payable Secured by Investment Property$245,466$240,760▼ $4,706
Accounts Payable and Accrued Expenses$3,248$2,697▼ $551
Other Liabilities$2,502$2,502→ $0
Total Liabilities$753,160$734,512▼ $18,648
Net Assets / Fund Balance
Total Net Assets Fund Balance$-41,146$-56,526▼ $15,380
Total Liabilities and Net Assets / Fund Balance$712,014$677,986▼ $34,028

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$474,824$452,906$927,730
Land$103,462-$103,462
Equipment$6,360$16,307$22,667
Other Assets Org$24,250--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Debbie HaglundExecutive Director$100,000$100,000
Holly PerlowitzController$71,000$71,000

Board Members and Trustees

NameTitle
Pat KrasnauskyCo-president
Patrick BrennanCo-president
Catherine AndreycakDirector
Eric WilliamsonDirector
Sabine WernerDirector
Jack CabanessSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$88,719
Investment Income
$85
Other Revenue
$0
Change in Net Assets
$-15,380

Audited Revenue Reconciliation

Revenue per Audited Statements
$88,804
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$88,804
Total Revenue per Form 990
$88,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,184
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
Depreciation Depletion$53,645--$53,645
Interest$13,575--$13,575
Fees for Services Management$7,520--$7,520
Insurance$4,781--$4,781
Other Expenses$3,126--$3,126
Fees for Services Legal$567--$567
Total Functional Expenses$104,184$0$0$104,184

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$104,184
Total Expenses per Audited Statements$104,184
Total Expenses per Form 990$104,184
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Escrow Account$2,502
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

Form 990, part vi, line 11: the organization makes available to all board members the form 990 for thorough review and approval.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by reviewing and updating the policy annually at a board meeting and discussing with new employees.

Form 990, Part VI, Section C, Line 19

Form 990, part vi, section c, line 19: these documents are available to the public upon request to the organization. Form 990, part xi, line 9: this amount represents transferred capital from 1035 broadway limited partnership.

Filing and Contact Details

Filer

Filer Name
1035 Broadway Housing Development Fund
EIN
13-3870736
Phone
9147410740
Address
141 TOMPKINS AVENUE 3RD FLOOR, PLEASANTVILLE, NY 10570

Signing Officer

Name
Debbie Haglund
Title
Executive Director
Phone
9147410740
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Haglund
Formed
1995
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
101 ARCH STREET, BOSTON, MA 02110
Preparer
Charles a Rhuda Iii
Phone
6173301920
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or selection process during the tax year.

Raw XML AppendixShowing 400 of 438 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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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0284
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99890
IRS990ScheduleA/PublicSupportTotal509Amt0275662
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt088719
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt084784
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt081133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt021026
IRS990ScheduleA/Total509Grp/TotalAmt0275662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt088804
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt084882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt081223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt021037
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0275946
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0474824
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0452906
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0927730
IRS990ScheduleD/EquipmentGrp/BookValueAmt06360
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016307
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022667
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0104184
IRS990ScheduleD/LandGrp/BookValueAmt0103462
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0103462
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03492
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112239
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22349
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt319709
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt424250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0WESTCHESTER BANK TENANT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE TAXES ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CPC ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3BUILDING RESERVE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OPERATING RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT ESCROW ACCOUNT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt088804
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0584646
IRS990ScheduleD/TotalBookValueOtherAssetsAmt062039
IRS990ScheduleD/TotalExpensesPerForm990Amt0104184
IRS990ScheduleD/TotalLiabilityAmt02502
IRS990ScheduleD/TotalRevenuePerForm990Amt088804
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt088804
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0104184
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, LINE 11: THE ORGANIZATION MAKES AVAILABLE TO ALL BOARD MEMBERS THE FORM 990 FOR THOROUGH REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REVIEWING AND UPDATING THE POLICY ANNUALLY AT A BOARD MEETING AND DISCUSSING WITH NEW EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, SECTION C, LINE 19: THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: THIS AMOUNT REPRESENTS TRANSFERRED CAPITAL FROM 1035 BROADWAY LIMITED PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0APROPOS HOUSING OPPORTUNITIES AND MGMT ENTERPRISES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133257307
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE THE DEVELOPMENT OF AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0141 TOMPKINS AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PLEASANTVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010570
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0712014
IRS990/TotalAssetsEOYAmt0677986
IRS990/TotalAssetsGrp/BOYAmt0712014
IRS990/TotalAssetsGrp/EOYAmt0677986
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104184
IRS990/TotalFunctionalExpensesGrp/TotalAmt0104184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0753160
IRS990/TotalLiabilitiesEOYAmt0734512
IRS990/TotalLiabilitiesGrp/BOYAmt0753160
IRS990/TotalLiabilitiesGrp/EOYAmt0734512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-41146
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-56526
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0104184
IRS990/TotalProgramServiceRevenueAmt088719
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt085
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt088719
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt088804
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0712014
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0677986
IRS990/TotReportableCompRltdOrgAmt0171000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0501944

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