Civic Intelligence

Casella Plaza Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 13-3956960

Jul 01, 2017 to Jun 30, 2018 • Filed on May 03, 2019

Organization ProfileN/A
1945 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

99th percentile

2.62x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

8.12x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-4.1%

Higher net margin than 30% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$288,817

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Asset Growth

55th percentile

1.8%

Faster asset growth than 55% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

0.1%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$3,946,861

Up $69,649 (+1.8%) from 2017

Net Assets

Down

-$6,396,418

Down $52,688 (-0.8%) from 2017

Liabilities

Up

$10,343,279

Up $122,337 (+1.2%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin30th percentile

Revenue

Up

$1,273,621

Up $1,687 (+0.1%) from 2017

Expenses

Up

$1,326,309

Up $40,460 (+3.1%) from 2017

Net Income

Down

-$52,688

Down $38,773 (-279%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2011: $5,896,730Liabilities 2011: $10,069,816Net Assets 2011: -$4,173,0862011Assets 2012: $5,536,388Liabilities 2012: $10,172,097Net Assets 2012: -$4,635,7092012Assets 2013: $5,397,285Liabilities 2013: $10,368,307Net Assets 2013: -$4,971,0222013Assets 2014: $4,983,308Liabilities 2014: $10,371,496Net Assets 2014: -$5,388,1882014Assets 2015: $4,601,860Liabilities 2015: $10,518,870Net Assets 2015: -$5,917,0102015Assets 2016: $3,977,346Liabilities 2016: $10,307,161Net Assets 2016: -$6,329,8152016Assets 2017: $3,877,212Liabilities 2017: $10,220,942Net Assets 2017: -$6,343,7302017Assets 2018: $3,946,861Liabilities 2018: $10,343,279Net Assets 2018: -$6,396,4182018Assets 2019: $3,878,120Liabilities 2019: $10,424,552Net Assets 2019: -$6,546,4322019Assets 2020: $3,938,060Liabilities 2020: $10,666,197Net Assets 2020: -$6,728,1372020Assets 2021: $3,824,522Liabilities 2021: $10,851,035Net Assets 2021: -$7,026,5132021Assets 2022: $3,642,198Liabilities 2022: $11,085,425Net Assets 2022: -$7,443,2272022Assets 2023: $3,408,504Liabilities 2023: $11,224,048Net Assets 2023: -$7,815,5442023

Highlighted filing

2018

Assets$3,946,861
Liabilities$10,343,279
Net Assets-$6,396,418
Open 2018 Filing

Operations Trend

Revenue Growth40th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,037,0752011Expenses 2012: $1,084,3552012Revenue 2013: $835,917Expenses 2013: $1,238,073Net Income 2013: -$402,1562013Revenue 2014: $857,250Expenses 2014: $1,274,416Net Income 2014: -$417,1662014Revenue 2015: $853,763Expenses 2015: $1,382,585Net Income 2015: -$528,8222015Revenue 2016: $902,671Expenses 2016: $1,315,476Net Income 2016: -$412,8052016Revenue 2017: $1,271,934Expenses 2017: $1,285,849Net Income 2017: -$13,9152017Revenue 2018: $1,273,621Expenses 2018: $1,326,309Net Income 2018: -$52,6882018Revenue 2019: $1,272,112Expenses 2019: $1,422,126Net Income 2019: -$150,0142019Revenue 2020: $1,298,868Expenses 2020: $1,480,573Net Income 2020: -$181,7052020Revenue 2021: $1,215,073Expenses 2021: $1,513,449Net Income 2021: -$298,3762021Revenue 2022: $1,243,464Expenses 2022: $1,660,178Net Income 2022: -$416,7142022Revenue 2023: $1,253,989Expenses 2023: $1,626,306Net Income 2023: -$372,3172023

Highlighted filing

2018

Revenue$1,273,621
Expenses$1,326,309
Net Income-$52,688
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 3, 2019
Return Version
2017v2.3
Gross Receipts
$1,273,621
Mission and Program Overview

Mission

To provide housing to low income elderly and handicapped residents of the south bronx.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,482,401$3,138,028▼ $344,373
Cash and Non-Interest-Bearing Accounts$167,353$512,382▲ $345,029
Accounts Receivable$38,345$31,031▼ $7,314
Prepaid Expenses and Deferred Charges$14,312$5,103▼ $9,209
Total Assets$3,877,212$3,946,861▲ $69,649
Other Assets Total$174,801$260,317▲ $85,516
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,468,470$9,468,470→ $0
Accounts Payable and Accrued Expenses$486,501$614,323▲ $127,822
Other Liabilities$265,971$260,486▼ $5,485
Total Liabilities$10,220,942$10,343,279▲ $122,337
Net Assets / Fund Balance
Unrestricted Net Assets$-6,343,730$-6,396,418▼ $52,688
Total Net Assets Fund Balance$-6,343,730$-6,396,418▼ $52,688
Total Liabilities and Net Assets / Fund Balance$3,877,212$3,946,861▲ $69,649

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,057,320$6,471,009$9,528,329
Equipment$31,208$49,016$80,224
Land$49,500-$49,500
Other Assets Org$3,404--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleBaseOtherTotal
Steven SeltzerExecutive Di-$141,694$141,694
Gaudi MendozaController-$79,326$79,326
Jason BoroffVice Chair$1,975$1,975$1,975

Board Members and Trustees

NameTitle
Valerie TorresChair Person
Salvatore GiganteMember
Evelyn VelazquezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,269,905
Investment Income
$1,326
Other Revenue
$2,390
Change in Net Assets
$-52,688

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,273,621
Total Revenue per Audited Statements
$1,273,621
Total Revenue per Form 990
$1,273,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,133,838
Salaries, Compensation, and Employee Benefits$192,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$353,932--$353,932
Other Salaries and Wages$140,389--$140,389
Fees for Services Management$80,259--$80,259
Other Expenses$52,619--$52,619
Insurance$49,090--$49,090
All Other Expenses$46,027--$46,027
Other Employee Benefits$41,940--$41,940
Office Expenses$14,231--$14,231
Fees for Services Accounting-$11,350-$11,350
Payroll Taxes$10,142--$10,142
Fees for Services Legal$2,514--$2,514
Fees for Services Other$1,004--$1,004
Interest$690--$690
Total Functional Expenses$1,314,959$11,350$0$1,326,309

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,326,309
Total Expenses per Audited Statements$1,326,309
Total Expenses per Form 990$1,326,309
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
Accred Management Fee$202,393
Other Payable$34,609
Tenant Security Payable$20,975
Prepaid Revenue$2,509
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 project is managed by grenadier realty corp, which manages the books and records of the organization as well as the day-to-day operations.”

Form 990, Page 6, Part VI, Line 11B

“The organization has its form 990 prepared by an outside accounting firm and has established the following review proecess 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 12C

“Entity reviews board relationships on an ongoing basis.”

Form 990, Page 6, Part VI, Line 19

“The project 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 project directly.”

Filing and Contact Details

Filer

Filer Name
Casella Plaza Housing Development
EIN
13-3956960
Phone
7188426440
Address
1945 VYSE AVENUE, BRONX, NY 10460

Signing Officer

Name
Gaudi Mendoza
Title
Controller
Phone
7188426440
Signed
2019-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Torres
Formed
1997
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
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 project 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 843 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID REVENUE
IRS990ScheduleD/RevenueSubtotalAmt01273621
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT 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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY GRENADIER REALTY CORP, WHICH MANAGES THE BOOKS AND RECORDS OF THE ORGANIZATION AS WELL AS THE DAY-TO-DAY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROECESS 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/ExplanationTxt2ENTITY REVIEWS BOARD RELATIONSHIPS ON AN ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROJECT 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 PROJECT 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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt7AQUINAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt8AQUINAS
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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
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANAGING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1MANAGING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt6LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt7LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt8LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt9LOW INCOME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HOB II INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1HEART OF THE BRONX MANAGEMENT CORP

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,946,861
Liabilities
$10,343,279
Net assets
-$6,396,418
Revenue
$1,273,621
Expenses
$1,326,309
Net income
-$52,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.41$11.2$7.82$1.25$1.63$0.37
2022Detailed filing. Detailed filing data is available for this year.$3.64$11.1$7.44$1.24$1.66$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$10.9$7.03$1.22$1.51$0.30
2020Detailed filing. Detailed filing data is available for this year.$3.94$10.7$6.73$1.30$1.48$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.88$10.4$6.55$1.27$1.42$0.15
2018Detailed filing. Detailed filing data is available for this year.$3.95$10.3$6.40$1.27$1.33$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.88$10.2$6.34$1.27$1.29$0.01
2016Summary only. Only limited summary data is available for this year.$3.98$10.3$6.33$0.90$1.32$0.41
2015Summary only. Only limited summary data is available for this year.$4.60$10.5$5.92$0.85$1.38$0.53
2014Summary only. Only limited summary data is available for this year.$4.98$10.4$5.39$0.86$1.27$0.42
2013Summary only. Only limited summary data is available for this year.$5.40$10.4$4.97$0.84$1.24$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.54$10.2$4.64$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$10.1$4.17$1.04