Civic Intelligence

Ler Housing Development Fund Corp

EIN 13-4032452 • 501(c)3 • New York, NY

Profile

This corporation was organized exclusively for the purpose of developing, on a non-profit basis, a housing project for persons of low income and needy, pursuant to section 573 of article xi of the phfl

413 East 120th StreetNew York, NY 10035

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.13x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

3.99x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

9th percentile

-38%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-7.1%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$977,704

Down $75,247 (-7.1%) from 2023

Liabilities

Up

$1,105,250

Up $30,280 (+2.8%) from 2023

Net Assets

Down

-$127,546

Down $105,527 (-479%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin9th percentile

Revenue

Down

$277,109

Down $101,488 (-27%) from 2023

Expenses

Down

$382,635

Down $29,137 (-7.1%) from 2023

Net Income

Down

-$105,526

Down $72,351 (-218%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $852,672Liabilities 2010: $1,061,999Net Assets 2010: -$209,3272010Assets 2011: $878,135Liabilities 2011: $1,062,477Net Assets 2011: -$184,3422011Assets 2012: $926,537Liabilities 2012: $1,070,385Net Assets 2012: -$143,8482012Assets 2013: $957,647Liabilities 2013: $1,047,375Net Assets 2013: -$89,7282013Assets 2014: $1,004,207Liabilities 2014: $1,109,158Net Assets 2014: -$104,9512014Assets 2015: $933,463Liabilities 2015: $1,085,881Net Assets 2015: -$152,4182015Assets 2016: $1,010,285Liabilities 2016: $1,063,424Net Assets 2016: -$53,1392016Assets 2017: $1,077,494Liabilities 2017: $1,067,255Net Assets 2017: $10,2392017Assets 2018: $1,130,672Liabilities 2018: $1,076,113Net Assets 2018: $54,5592018Assets 2019: $1,150,451Liabilities 2019: $1,084,504Net Assets 2019: $65,9472019Assets 2020: $1,114,860Liabilities 2020: $1,079,443Net Assets 2020: $35,4172020Assets 2021: $1,102,477Liabilities 2021: $1,082,824Net Assets 2021: $19,6532021Assets 2022: $1,143,662Liabilities 2022: $1,132,506Net Assets 2022: $11,1562022Assets 2023: $1,052,951Liabilities 2023: $1,074,970Net Assets 2023: -$22,0192023Assets 2024: $977,704Liabilities 2024: $1,105,250Net Assets 2024: -$127,5462024

Highlighted filing

2024

Assets$977,704
Liabilities$1,105,250
Net Assets-$127,546
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $229,9642010Expenses 2011: $220,9442011Expenses 2012: $210,9302012Revenue 2013: $277,794Expenses 2013: $223,674Net Income 2013: $54,1202013Revenue 2014: $281,965Expenses 2014: $297,188Net Income 2014: -$15,2232014Revenue 2015: $281,858Expenses 2015: $329,325Net Income 2015: -$47,4672015Revenue 2016: $337,852Expenses 2016: $238,573Net Income 2016: $99,2792016Revenue 2017: $308,408Expenses 2017: $245,030Net Income 2017: $63,3782017Revenue 2018: $322,753Expenses 2018: $278,433Net Income 2018: $44,3202018Revenue 2019: $310,565Expenses 2019: $299,177Net Income 2019: $11,3882019Revenue 2020: $325,037Expenses 2020: $355,567Net Income 2020: -$30,5302020Revenue 2021: $288,005Expenses 2021: $303,769Net Income 2021: -$15,7642021Revenue 2022: $295,280Expenses 2022: $303,777Net Income 2022: -$8,4972022Revenue 2023: $378,597Expenses 2023: $411,772Net Income 2023: -$33,1752023Revenue 2024: $277,109Expenses 2024: $382,635Net Income 2024: -$105,5262024

Highlighted filing

2024

Revenue$277,109
Expenses$382,635
Net Income-$105,526
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$977,704
Liabilities
$1,105,250
Net assets
-$127,546
Revenue
$277,109
Expenses
$382,635
Net income
-$105,526
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$1.11$0.13$0.28$0.38$0.11
2023Summary only. Only limited summary data is available for this year.$1.05$1.07$0.02$0.38$0.41$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$1.13$0.01$0.30$0.30$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$1.08$0.02$0.29$0.30$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.08$0.04$0.33$0.36$0.03
2019Summary only. Only limited summary data is available for this year.$1.15$1.08$0.07$0.31$0.30$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.08$0.05$0.32$0.28$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$1.07$0.01$0.31$0.25$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$1.06$0.05$0.34$0.24$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.93$1.09$0.15$0.28$0.33$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.00$1.11$0.10$0.28$0.30$0.02
2013Summary only. Only limited summary data is available for this year.$0.96$1.05$0.09$0.28$0.22$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$1.07$0.14$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$1.06$0.18$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$1.06$0.21$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$277,109
Mission and Program Overview

Mission

This corporation was organized exclusively for the purpose of developing, on a non-profit basis, a housing project for persons of low income and needy, pursuant to section 573 of article xi of the phfl

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$239,740$184,307▼ $55,433
Cash and Non-Interest-Bearing Accounts$94,501$62,694▼ $31,807
Accounts Receivable$23,465$28,835▲ $5,370
Prepaid Expenses and Deferred Charges$11,525$10,923▼ $602
Savings and Temporary Cash Investments$10,753$10,753→ $0
Total Assets$1,052,951$977,704▼ $75,247
Other Assets Total$672,967$680,192▲ $7,225
Liabilities
Other Liabilities$1,044,219$1,039,334▼ $4,885
Accounts Payable and Accrued Expenses$30,751$65,916▲ $35,165
Total Liabilities$1,074,970$1,105,250▲ $30,280
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-22,019$-127,546▼ $105,527
Total Net Assets Fund Balance$-22,019$-127,546▼ $105,527
Total Liabilities and Net Assets / Fund Balance$1,052,951$977,704▼ $75,247

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,185--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Eliezer Rodriguez EsqChair
Raul RussiPresident
Carmen S MaleroVice Chair
Lymaris AlborsCEO
Vicky GatellCFO
Jose R RodriguezCLO/exec VP
Arnie SegarraMember
Gilbert HernandezSecretary
Marybeth HotalingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$277,109
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-105,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,007
Salaries, Compensation, and Employee Benefits$64,628
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$64,628--$64,628
Depreciation Depletion$55,432--$55,432
All Other Expenses$48,233--$48,233
Other Expenses$21,774--$21,774
Fees for Services Accounting-$5,500-$5,500
Office Expenses-$1,889-$1,889
Fees for Services Legal$527--$527
Total Functional Expenses$375,246$7,389$0$382,635
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
Mortgage Payable$1,019,997
Rent Security$10,432
Accrued Expenses$8,905
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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

“The 990 is distributed to the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“Pursuant to the organization's bylaws, the organization delegates to its parent entity the hiring of the ceo and president. The compensation of the executives is approved by the parent entity, who hires a consultant to conduct a study. A standing compensation committee of the parent entity reviews a compensation study and votes how to proceed.”

Form 990, Page 6, Part VI, Line 15B

“SAME AS 15A”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflicts of interest policy and annual financial statements are vailable to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ler Housing Development Fund Corp
EIN
13-4032452
Phone
2124107900
Address
413 EAST 120TH STREET, NEW YORK, NY 10035

Signing Officer

Name
Raul Russi
Title
President
Phone
2124107900
Signed
2025-11-17

Organization Details

Principal Officer
Raul Russi
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
VARGAS & RIVERA CPA'S LLP
Address
586 ROUTE 304, NEW CITY, NY 10956
Preparer
Theodore Vargas
Phone
8456383113
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“This corporation was organized exclusively for the purpose of developing, on a non-profit basis, a housing project for persons of low income and needy, pursuant to section 573 of article xi of the phfl”

Form 990, Part IX, Line 24E

“Property mgmt fee 18,429 0 0 supplies and materials 11,385 0 0 real estate taxes 7,241 0 0 payroll costs 6,098 0 0 exterminating 3,725 0 0 other operating costs 1,068 0 0 licenses,permits, and ins 287 0 0 total 48,233 0 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1”

Raw XML Appendix391 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/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0295280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0288005
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0325037
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01564028
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0378597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0295280
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0288005
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0325037
IRS990ScheduleA/Total509Grp/TotalAmt01564028
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0378597
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13185
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110432
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT SECURITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
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IRS990ScheduleD/TotalLiabilityAmt01039334
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1836684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2562331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3442213
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0101830
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt230262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt346781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RAUL RUSSI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LYMARIS ALBORS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOSE R RODRIGUEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3VICKY GATELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CLO/EXEC VP
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY, PURSUANT TO SECTION 573 OF ARTICLE XI OF THE PHFL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL SIGNED STATEMENTS ARE PROVIDED THAT AFFIRMS THAT THE INTERESTED PARTIES ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PURSUANT TO THE ORGANIZATION'S BYLAWS, THE ORGANIZATION DELEGATES TO ITS PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMPENSATION COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES HOW TO PROCEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SAME AS 15A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND ANNUAL FINANCIAL STATEMENTS ARE VAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROPERTY MGMT FEE 18,429 0 0 SUPPLIES AND MATERIALS 11,385 0 0 REAL ESTATE TAXES 7,241 0 0 PAYROLL COSTS 6,098 0 0 EXTERMINATING 3,725 0 0 OTHER OPERATING COSTS 1,068 0 0 LICENSES,PERMITS, AND INS 287 0 0 TOTAL 48,233 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE -1
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/TotalAssetsGrp/EOYAmt0977704
IRS990/TotalCompGreaterThan150KInd0true
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0375246
IRS990/TotalFunctionalExpensesGrp/TotalAmt0382635
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01105250
IRS990/TotalLiabilitiesGrp/BOYAmt01074970
IRS990/TotalLiabilitiesGrp/EOYAmt01105250
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-127546
IRS990/TotalOtherCompensationAmt0234941
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0977704
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0375 EAST 175TH ST
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010457
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RAUL RUSSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02124107900
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LER HOUSING DEVELOPMENT FUND CORP
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O EL BARRIO'S OPERATION FIGHTBACK
ReturnHeader/Filer/BusinessNameControlTxt0LERH
ReturnHeader/Filer/EIN0134032452
ReturnHeader/Filer/PhoneNum02124107900
ReturnHeader/Filer/USAddress/AddressLine1Txt0413 EAST 120TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010035
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133747593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARGAS & RIVERA CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0586 ROUTE 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010956
ReturnHeader/PreparerPersonGrp/PhoneNum08456383113
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THEODORE VARGAS
ReturnHeader/ReturnTs02025-11-17T12:28:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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