Civic Intelligence

Varick Homes Hdfc Inc

EIN 14-1548784 • 501(c)3 • Newburgh, NY

Profile

LOW INCOME HOUSING

121-a Varick HomesNewburgh, NY 12550

n/A

Siviq Scores

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

Liabilities / Assets

20th percentile

0.08x

Higher debt load relative to assets than 20% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.19x

Higher debt load relative to revenue than 19% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2025

Net Margin

44th percentile

-3.7%

Higher net margin than 44% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE L • $5M-$10M nonprofits • Source year 2025

Asset Growth

49th percentile

-0.2%

Faster asset growth than 49% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

20th percentile

-3.5%

Faster revenue growth than 20% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$5,118,942

Up $305,253 (+6.3%) from 2023

Liabilities

Up

$419,375

Up $19,662 (+4.9%) from 2023

Net Assets

Up

$4,699,567

Up $285,591 (+6.5%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin44th percentile

Revenue

Up

$2,150,951

Up $170,196 (+8.6%) from 2023

Expenses

Down

$2,230,229

Down $171,695 (-7.1%) from 2023

Net Income

Up

-$79,278

Up $341,891 (+81%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,233,653Liabilities 2011: $259,603Net Assets 2011: $2,974,0502011Assets 2012: $3,471,800Liabilities 2012: $282,022Net Assets 2012: $3,189,7782012Assets 2013: $3,593,423Liabilities 2013: $192,597Net Assets 2013: $3,400,8262013Assets 2014: $3,752,491Liabilities 2014: $218,916Net Assets 2014: $3,533,5752014Assets 2015: $4,148,550Liabilities 2015: $294,509Net Assets 2015: $3,854,0412015Assets 2016: $4,216,366Liabilities 2016: $233,926Net Assets 2016: $3,982,4402016Assets 2017: $4,603,021Liabilities 2017: $377,994Net Assets 2017: $4,225,0272017Assets 2018: $4,447,147Liabilities 2018: $268,660Net Assets 2018: $4,178,4872018Assets 2019: $4,513,392Liabilities 2019: $273,376Net Assets 2019: $4,240,0162019Assets 2020: $4,777,923Liabilities 2020: $311,871Net Assets 2020: $4,466,0522020Assets 2021: $5,053,967Liabilities 2021: $330,202Net Assets 2021: $4,723,7652021Assets 2022: $5,313,425Liabilities 2022: $478,280Net Assets 2022: $4,835,1452022Assets 2023: $4,813,689Liabilities 2023: $399,713Net Assets 2023: $4,413,9762023Assets 2025: $5,118,942Liabilities 2025: $419,375Net Assets 2025: $4,699,5672025

Highlighted filing

2025

Assets$5,118,942
Liabilities$419,375
Net Assets$4,699,567
Open 2025 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,219,5482011Expenses 2012: $1,329,6922012Expenses 2013: $1,347,4342013Revenue 2014: $1,637,763Expenses 2014: $1,505,014Net Income 2014: $132,7492014Revenue 2015: $1,750,775Expenses 2015: $1,447,191Net Income 2015: $303,5842015Revenue 2016: $1,740,012Expenses 2016: $1,535,815Net Income 2016: $204,1972016Revenue 2017: $1,709,359Expenses 2017: $1,466,772Net Income 2017: $242,5872017Revenue 2018: $1,791,921Expenses 2018: $1,838,461Net Income 2018: -$46,5402018Revenue 2019: $1,824,291Expenses 2019: $1,762,762Net Income 2019: $61,5292019Revenue 2020: $1,853,823Expenses 2020: $1,627,787Net Income 2020: $226,0362020Revenue 2021: $1,845,760Expenses 2021: $1,588,047Net Income 2021: $257,7132021Revenue 2022: $1,938,262Expenses 2022: $1,826,882Net Income 2022: $111,3802022Revenue 2023: $1,980,755Expenses 2023: $2,401,924Net Income 2023: -$421,1692023Revenue 2025: $2,150,951Expenses 2025: $2,230,229Net Income 2025: -$79,2782025

Highlighted filing

2025

Revenue$2,150,951
Expenses$2,230,229
Net Income-$79,278
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,118,942
Liabilities
$419,375
Net assets
$4,699,567
Revenue
$2,150,951
Expenses
$2,230,229
Net income
-$79,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.42$4.70$2.15$2.23$0.08
2023Summary only. Only limited summary data is available for this year.$4.81$0.40$4.41$1.98$2.40$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$0.48$4.84$1.94$1.83$0.11
2021Summary only. Only limited summary data is available for this year.$5.05$0.33$4.72$1.85$1.59$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$0.31$4.47$1.85$1.63$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.27$4.24$1.82$1.76$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.27$4.18$1.79$1.84$0.05
2017Summary only. Only limited summary data is available for this year.$4.60$0.38$4.23$1.71$1.47$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.22$0.23$3.98$1.74$1.54$0.20
2015Summary only. Only limited summary data is available for this year.$4.15$0.29$3.85$1.75$1.45$0.30
2014Summary only. Only limited summary data is available for this year.$3.75$0.22$3.53$1.64$1.51$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.19$3.40$1.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.28$3.19$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.26$2.97$1.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Mar 1, 2024 to Feb 28, 2025
Signed
Dec 19, 2025
Return Version
2024v5.2
Gross Receipts
$2,150,951
Mission and Program Overview

Mission

LOW INCOME HOUSING

To provide low income housing for 122 units under the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$301,419$1,464,785▲ $1,163,366
Land, Buildings, and Equipment, Net$442,888$359,791▼ $83,097
Accounts Receivable$1,148,836$225,961▼ $922,875
Prepaid Expenses and Deferred Charges$123,928$173,290▲ $49,362
Total Assets$5,130,143$5,118,942▼ $11,201
Other Assets Total$3,113,072$2,895,115▼ $217,957
Liabilities
Accounts Payable and Accrued Expenses$208,825$278,348▲ $69,523
Other Liabilities$88,727$84,078▼ $4,649
Escrow Account Liability$53,746$56,949▲ $3,203
Total Liabilities$351,298$419,375▲ $68,077
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,778,845$4,699,567▼ $79,278
Total Net Assets Fund Balance$4,778,845$4,699,567▼ $79,278
Total Liabilities and Net Assets / Fund Balance$5,130,143$5,118,942▼ $11,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$256,688$6,258,477$6,515,165
Equipment$84,103$137,469$221,572
Other Land Buildings$0$55,167$55,167
Land$19,000-$19,000
Other Assets Org$2,835,297--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Ebony Perterson-andersonPresident
Riki Peterson-jichaVice-president/secretary
Richard Perterson IiiDirector
Onyx PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,136,357
Program Service Revenue
$982,995
Investment Income
$0
Other Revenue
$31,599
Change in Net Assets
$-79,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,150,951
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,150,951
Total Revenue per Form 990
$2,150,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,230,229
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
Occupancy$817,540$23,822-$841,362
Depreciation Depletion$138,961--$138,961
Fees for Services Other$128,453$9,640-$138,093
Fees for Services Management-$102,000-$102,000
Office Expenses$7,260$38,705-$45,965
Other Expenses$5,000$21,929-$26,929
Fees for Services Accounting-$18,430-$18,430
Information Technology-$15,121-$15,121
Fees for Services Legal-$11,474-$11,474
Travel-$2,788-$2,788
Advertising-$461-$461
Total Functional Expenses$1,584,029$646,200$0$2,230,229

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,230,229
Total Expenses per Audited Statements$2,230,229
Total Expenses per Form 990$2,230,229
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
Due to Hud$84,078
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The following board members have a family relationship: ebony peterson-anderson, riki peterson-jicha, onyx peterson, and richard peterson.”

Form 990, Part VI, Section A, Line 3

“The entity purchases management services from unrelated management services corporations. The entity engaged united plus property management, llc. In the agreement fees are chargeable at the higher of $8,500 per month or 5% of monthly gross rent collections. Total fees incurred for management services for the tax year ended february 28, 2025 was $102,000. None of the organization's officers listed in part vii were compensated by the management company.”

Form 990, Part VI, Section A, Line 8B

“The entity does not have any committees with the authority to act on behalf of the governing body.”

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

“The entity has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Once the form 990 has been prepared, reviewed by the treasurer and is ready to be filed with the internal revenue service, it is electronically sent to the board of directors and subsequently filed with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The entity makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The form 990 is also available on guidestar.org and other similar types of websites. In addition, the financial statements and articles of incorporation are also available upon written request.”

Filing and Contact Details

Filer

Filer Name
Varick-peterson Housing Development Fund
EIN
14-1548784
Phone
8453682400
Address
121-A VARICK HOMES, NEWBURGH, NY 12550

Signing Officer

Name
Onyx Peterson
Title
Treasurer
Phone
8453682400
Signed
2025-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ebony Peterson Anderson
Formed
1968
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Tracy Cai
Phone
9143818900
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Funds for the personal use of residents and funds received as security deposits for services are held in trust for the residents by the entity. These funds are segregated in a separate interest-bearing account for the tenants' benefit and are not available for other uses.”

PART X, LINE 2:

“The entity recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the entity had no uncertain tax positions that would require financial statement recognition or disclosure. The entity is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to february 28, 2022.”

Raw XML AppendixShowing 400 of 440 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt0225961
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING FOR 122 UNITS UNDER THE NATIONAL HOUSING ACT.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0461
IRS990/AdvertisingGrp/TotalAmt0461
IRS990/AuditCommitteeInd00
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IRS990/BooksInCareOfDetail/PhoneNum08453682400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0121-A VARICK HOMES
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
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IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
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IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02230229
IRS990/CYOtherRevenueAmt031599
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt0138961
IRS990/DepreciationDepletionGrp/TotalAmt0138961
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IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09640
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm0EBONY PERTERSON-ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1RIKI PETERSON-JICHA
IRS990/Form990PartVIISectionAGrp/PersonNm2ONYX PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD PERTERSON III
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd01
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IRS990/GrantAmt00
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IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE EXPENSE
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019863
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt19262
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22474
IRS990/OtherRevenueTotalAmt031599
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0123928
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0173290
IRS990/PrincipalOfficerNm0EBONY PETERSON ANDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0982995
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0982995
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01152273
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01864362
IRS990/PYOtherRevenueAmt024195
IRS990/PYProgramServiceRevenueAmt01052763
IRS990/PYRevenuesLessExpensesAmt0364869
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01864362
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02229231
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-79278
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0982995
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 1,485. 2021 AMOUNT: $ 2,518. 2022 AMOUNT: $ 3,040. 2023 AMOUNT: $ 24,195. 2024 AMOUNT: $ 19,863.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01136357
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01152273
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01095707
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01146431
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01053875
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05584643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt024001
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02683
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02401
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt029085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0982995
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01052763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0847183
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0771271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0777467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04431679
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt011736
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt010824
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt015359
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt010532
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt048451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt024001
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt029085
IRS990ScheduleA/InvestmentIncomeCYPct00.00290
IRS990ScheduleA/InvestmentIncomePYPct00.00320
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt019863
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt024195
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02518
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01485
IRS990ScheduleA/OtherIncome509Grp/TotalAmt051101
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99210
IRS990ScheduleA/PublicSupportPY509Pct00.98990
IRS990ScheduleA/PublicSupportTotal509Amt010064773
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02131088
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02205036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01953714
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01933061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01841874
IRS990ScheduleA/Total509Grp/TotalAmt010064773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02150951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02229231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01980755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01938262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01845760
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010144959
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0256688
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06258477
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06515165
IRS990ScheduleD/EquipmentGrp/BookValueAmt084103
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0137469
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0221572
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02230229
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt019000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt059818
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12835297
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECRUITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055167
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt084078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02150951
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THE RESIDENTS BY THE ENTITY. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE TENANTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FEBRUARY 28, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0359791
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02895115
IRS990ScheduleD/TotalExpensesPerForm990Amt02230229
IRS990ScheduleD/TotalLiabilityAmt084078
IRS990ScheduleD/TotalRevenuePerForm990Amt02150951
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02150951
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02230229
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: EBONY PETERSON-ANDERSON, RIKI PETERSON-JICHA, ONYX PETERSON, AND RICHARD PETERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTITY PURCHASES MANAGEMENT SERVICES FROM UNRELATED MANAGEMENT SERVICES CORPORATIONS. THE ENTITY ENGAGED UNITED PLUS PROPERTY MANAGEMENT, LLC. IN THE AGREEMENT FEES ARE CHARGEABLE AT THE HIGHER OF $8,500 PER MONTH OR 5% OF MONTHLY GROSS RENT COLLECTIONS. TOTAL FEES INCURRED FOR MANAGEMENT SERVICES FOR THE TAX YEAR ENDED FEBRUARY 28, 2025 WAS $102,000. NONE OF THE ORGANIZATION'S OFFICERS LISTED IN PART VII WERE COMPENSATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENTITY DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ENTITY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS AND SUBSEQUENTLY FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ENTITY MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS AND ARTICLES OF INCORPORATION ARE ALSO AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05130143
IRS990/TotalAssetsEOYAmt05118942
IRS990/TotalAssetsGrp/BOYAmt05130143
IRS990/TotalAssetsGrp/EOYAmt05118942
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01136357
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0646200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01584029
IRS990/TotalFunctionalExpensesGrp/TotalAmt02230229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0351298
IRS990/TotalLiabilitiesEOYAmt0419375
IRS990/TotalLiabilitiesGrp/BOYAmt0351298
IRS990/TotalLiabilitiesGrp/EOYAmt0419375
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04778845
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04699567
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01584029
IRS990/TotalProgramServiceRevenueAmt0982995
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0982995
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02150951
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05130143
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05118942
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02788
IRS990/TravelGrp/TotalAmt02788
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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