Civic Intelligence

1035 Broadway Housing Development Fund Company Inc

990 • Fiscal year 2018 • EIN 13-3870736

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

68th percentile

1.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

7.44x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Net Margin

37th percentile

-13%

Higher net margin than 37% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$100,000

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 102.9% of source-year revenue.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Asset Growth

40th percentile

-2.3%

Faster asset growth than 40% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

7.0%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$602,940

Down $14,327 (-2.3%) from 2017

Net Assets

Down

-$120,128

Down $12,615 (-12%) from 2017

Liabilities

Down

$723,068

Down $1,712 (-0.2%) from 2017

Revenue

Up

$97,188

Up $6,316 (+7.0%) from 2017

Expenses

Up

$109,803

Up $2,169 (+2.0%) from 2017

Net Income

Up

-$12,615

Up $4,147 (+25%) from 2017

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

2018

Assets$602,940
Liabilities$723,068
Net Assets-$120,128

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

2018

Revenue$97,188
Expenses$109,803
Net Income-$12,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$97,188
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$493,657$445,512▼ $48,145
Cash and Non-Interest-Bearing Accounts$50,848$81,650▲ $30,802
Accounts Receivable$1,119$140▼ $979
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-260,940$-273,555▼ $12,615
Total Assets$617,267$602,940▼ $14,327
Other Assets Total$71,643$75,638▲ $3,995
Liabilities
Unsecured Notes Loans Payable$489,553$488,553▼ $1,000
Mortgage Notes Payable Secured by Investment Property$230,727$225,381▼ $5,346
Accounts Payable and Accrued Expenses-$4,634-
Other Liabilities$4,500$4,500→ $0
Total Liabilities$724,780$723,068▼ $1,712
Net Assets / Fund Balance
Total Net Assets Fund Balance$-107,513$-120,128▼ $12,615
Total Liabilities and Net Assets / Fund Balance$617,267$602,940▼ $14,327

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$342,050$582,804$924,854
Land$103,462-$103,462
Equipment$0$22,667$22,667
Other Assets Org$35,299--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Debbie HaglundExecutive Director$100,000$100,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$96,947
Investment Income
$241
Other Revenue
$0
Change in Net Assets
$-12,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$97,188
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$97,188
Total Revenue per Form 990
$97,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,803
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$49,346--$49,346
Interest$22,825--$22,825
Fees for Services Management$9,120--$9,120
Insurance$2,976--$2,976
Other Expenses$1,709--$1,709
Fees for Services Accounting$1,050--$1,050
Fees for Services Legal$615--$615
Total Functional Expenses$109,803$0$0$109,803

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,803
Total Expenses per Audited Statements$109,803
Total Expenses per Form 990$109,803
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$4,500
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

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
2019-11-14
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
12 POST OFFICE SQUARE FOURTH FLOOR, BOSTON, MA 02109
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.

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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/CurrentTaxYearMinus2YearsAmt0116
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0699
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt0447453
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt096947
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt090713
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt086290
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt088719
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt084784
IRS990ScheduleA/Total509Grp/TotalAmt0447453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt097188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt090872
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt086406
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt088804
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt084882
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0448152
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0342050
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0582804
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0924854
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022667
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022667
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0109803
IRS990ScheduleD/LandGrp/BookValueAmt0103462
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0103462
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt215422
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt335299
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0WESTCHESTER BANK TENANT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE TAXES ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2BUILDING RESERVE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE BALANCES CPC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT ESCROW ACCOUNT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt097188
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0445512
IRS990ScheduleD/TotalBookValueOtherAssetsAmt075638
IRS990ScheduleD/TotalExpensesPerForm990Amt0109803
IRS990ScheduleD/TotalLiabilityAmt04500
IRS990ScheduleD/TotalRevenuePerForm990Amt097188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt097188
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0109803
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 11B
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/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0APROPOS HOUSING OPPORTUNITIES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1APROPOS HOUSING OPPORTUNITIES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0208999886
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1020582674
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROMOTE THE DEVELOPMENT OF AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1PROMOTE THE DEVELOPMENT OF AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SCOTTS RIDGE HOUSING CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1OWENSVILLE HOUSING DEVELOPMENT FUND COMPANY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0141 TOMPKINS AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1141 TOMPKINS AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0PLEASANTVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1PLEASANTVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010570
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110570
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 10
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/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09120
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0MANAGEMENT FEE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0APROPOS HOUSING OPPORTUNITIES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

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