Civic Intelligence

Jericho Residence V Housing Development Fund Corporation

990 • Fiscal year 2022 • EIN 13-4015729

Apr 01, 2022 to Jun 30, 2022 • Filed on May 03, 2023

Organization ProfileWWW.JERICHOPROJECT.COM
245 West 29th StreetNew York, NY 10001

(646) 624-2341

Siviq Scores

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

Liabilities / Assets

88th percentile

1.84x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

12.77x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2022

Net Margin

92nd percentile

49%

Higher net margin than 92% of similar nonprofits.

2022 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$52,419

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2022 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2022

Asset Growth

61st percentile

-1.5%

Faster asset growth than 61% of similar nonprofits.

2022 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$2,542,598

Down $39,259 (-1.5%) from 2021

Net Assets

Down

-$2,143,844

Down $90,474 (-4.4%) from 2021

Liabilities

Up

$4,686,442

Up $51,215 (+1.1%) from 2021

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin92nd percentile

Revenue

Down

$366,918

Down $289,929 (-44%) from 2021

Expenses

Down

$185,411

Down $867,248 (-82%) from 2021

Net Income

Up

$181,507

Up $577,319 (+146%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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 2018: $1Liabilities 2018: $02018Assets 2019: $2,725,881Liabilities 2019: $4,198,992Net Assets 2019: -$1,473,1112019Assets 2020: $2,692,694Liabilities 2020: $4,361,271Net Assets 2020: -$1,668,5772020Assets 2021: $2,581,857Liabilities 2021: $4,635,227Net Assets 2021: -$2,053,3702021Assets 2022: $2,542,598Liabilities 2022: $4,686,442Net Assets 2022: -$2,143,8442022Assets 2023: $2,366,369Liabilities 2023: $4,740,187Net Assets 2023: -$2,373,8182023

Highlighted filing

2022

Assets$2,542,598
Liabilities$4,686,442
Net Assets-$2,143,844
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $487,480Expenses 2019: $521,568Net Income 2019: -$34,0882019Revenue 2020: $684,385Expenses 2020: $905,550Net Income 2020: -$221,1652020Revenue 2021: $656,847Expenses 2021: $1,052,659Net Income 2021: -$395,8122021Revenue 2022: $366,918Expenses 2022: $185,411Net Income 2022: $181,5072022Revenue 2023: $958,289Expenses 2023: $1,213,214Net Income 2023: -$254,9252023

Highlighted filing

2022

Revenue$366,918
Expenses$185,411
Net Income$181,507
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2022v5.0
Gross Receipts
$366,918
Mission and Program Overview

Mission

To own, construct, rehabilitate, lease, manage, equip, maintain, develop, and operate a housing project for persons of low income and the needy and to provide the furnishing of clean and decent permanent housing facilities for persons in need of such accommodations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,939,564$1,917,103▼ $22,461
Savings and Temporary Cash Investments$329,562$329,562→ $0
Accounts Receivable$100,349$161,173▲ $60,824
Intangible Assets$85,209$86,825▲ $1,616
Cash and Non-Interest-Bearing Accounts$57,089$28,122▼ $28,967
Prepaid Expenses and Deferred Charges-$19,260-
Total Assets$2,514,906$2,542,598▲ $27,692
Other Assets Total$3,133$553▼ $2,580
Liabilities
Other Liabilities$4,219,493$4,081,397▼ $138,096
Accounts Payable and Accrued Expenses$595,090$605,045▲ $9,955
Deferred Revenue$25,674--
Total Liabilities$4,840,257$4,686,442▼ $153,815
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,325,351$-2,143,844▲ $181,507
Total Net Assets Fund Balance$-2,325,351$-2,143,844▲ $181,507
Total Liabilities and Net Assets / Fund Balance$2,514,906$2,542,598▲ $27,692

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,874,159$1,596,794$3,470,953
Land$42,944-$42,944
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleOtherTotal
Victoria LyonCEO$52,419$52,419
Adrianan RodriguezCPO$49,500$49,500
Doreen StrakaCOO$43,231$43,231
Michael TuccilloCFO$36,923$36,923
Hamideh FarimaniDeputy Chief$34,385$34,385

Board Members and Trustees

NameTitle
Miriam Wohabe BoublikPresident
Aditi DeegMember
Andy MossMember
Dr Francesca Kress PhdMember
Elizabeth GarlandMember
Gary ShermanMember
Jerome M MenifeeMember
Joel CohenMember
Karen WhartonMember
Katherine ForrestMember
Murray SmithMember
Peter ZhengMember
Simon BoundMember
Thomas ScazzafavoMember
Toks Afolabi-ajayiMember
Yvette FortMember
Zach BuchwaldMember
Cara EisenSecretary
Michael J ReedTreasurer
Mark KopinskiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$105,739
Program Service Revenue
$261,179
Investment Income
$0
Other Revenue
$0
All Other Contributions
$105,739
Change in Net Assets
$181,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$125,208
Other Expenses$60,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,184--$102,184
Depreciation Depletion$24,078--$24,078
Insurance$15,174--$15,174
Payroll Taxes$11,861--$11,861
Other Employee Benefits$11,163--$11,163
All Other Expenses$5,336--$5,336
Other Expenses$2,920--$2,920
Fees for Services Legal$2,775--$2,775
Office Expenses$2,595--$2,595
Information Technology$1,844--$1,844
Fees for Services Other$-822--$-822
Fees for Services Accounting$-11,000--$-11,000
Total Functional Expenses$185,411$0$0$185,411
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Nyc Hpd (noncurrent)$3,792,848
Due to Related Parties$288,549
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

“Tax return was prepared by the accountants and reviewed by the board of directors and executive director. It is then finalized and filed shortly thereafter.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are prepared by the organization as well as its conflict of interest policy. Financial statements, once finalized are made available upon request and also received by ny charities bureau and posted on their website.”

Filing and Contact Details

Filer

Filer Name
Jericho Residence V Housing Develop
EIN
13-4015729
Address
245 WEST 29TH STREET, NEW YORK, NY 10001

Signing Officer

Name
Victoria Lyon
Title
CEO
Phone
6466242341
Signed
2023-05-03

Organization Details

Principal Officer
Victoria Lyon
Voting Board Members
20
Independent Board Members
20
Employees
15

Preparer

Firm
Geltrude & Company LLC
Address
513 FRANKLIN AVE, NUTLEY, NJ 07110-1746
Preparer
Michael W Carlon
Phone
9736679100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To own, construct, rehabilitate, lease, manage, equip, maintain, develop, and operate a housing project for persons of low income and the needy and to provide the furnishing of clean and decent permanent housing facilities for persons in need of such accommodations.”

Form 990, Part XI, Line 9

“Book to tax dep difference 0 book to tax amort difference 0”

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IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN WAS PREPARED BY THE ACCOUNTANTS AND REVIEWED BY THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR. IT IS THEN FINALIZED AND FILED SHORTLY THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE PREPARED BY THE ORGANIZATION AS WELL AS ITS CONFLICT OF INTEREST POLICY. FINANCIAL STATEMENTS, ONCE FINALIZED ARE MADE AVAILABLE UPON REQUEST AND ALSO RECEIVED BY NY CHARITIES BUREAU AND POSTED ON THEIR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK TO TAX DEP DIFFERENCE 0 BOOK TO TAX AMORT DIFFERENCE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,542,598
Liabilities
$4,686,442
Net assets
-$2,143,844
Revenue
$366,918
Expenses
$185,411
Net income
$181,507
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.37$4.74$2.37$0.96$1.21$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.54$4.69$2.14$0.37$0.19$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$4.64$2.05$0.66$1.05$0.40
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$4.36$1.67$0.68$0.91$0.22
2019Summary only. Only limited summary data is available for this year.$2.73$4.20$1.47$0.49$0.52$0.03
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00