Civic Intelligence

Varick-Peterson Housing Development Fund

990 • Fiscal year 2024 • EIN 14-1548784

Mar 01, 2023 to Feb 29, 2024 • Filed on Jan 15, 2025

Organization ProfileN/A
121-a Varick HomesNewburgh, NY 12550

(845) 368-2400

Siviq Scores

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

Liabilities / Assets

20th percentile

0.07x

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

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.16x

Higher debt load relative to revenue than 17% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

78th percentile

6.6%

Faster asset growth than 78% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$5,130,143

Up $316,454 (+6.6%) from 2023

Net Assets

Up

$4,778,845

Up $364,869 (+8.3%) from 2023

Liabilities

Down

$351,298

Down $48,415 (-12%) from 2023

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin73rd percentile

Revenue

Up

$2,229,231

Up $248,476 (+13%) from 2023

Expenses

Down

$1,864,362

Down $537,562 (-22%) from 2023

Net Income

Up

$364,869

Up $786,038 (+187%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$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 2024: $5,130,143Liabilities 2024: $351,298Net Assets 2024: $4,778,8452024Assets 2025: $5,118,942Liabilities 2025: $419,375Net Assets 2025: $4,699,5672025

Highlighted filing

2024

Assets$5,130,143
Liabilities$351,298
Net Assets$4,778,845
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income across loaded years, with this 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 2024: $2,229,231Expenses 2024: $1,864,362Net Income 2024: $364,8692024Revenue 2025: $2,150,951Expenses 2025: $2,230,229Net Income 2025: -$79,2782025

Highlighted filing

2024

Revenue$2,229,231
Expenses$1,864,362
Net Income$364,869
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2023 to Feb 29, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$2,229,231
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
Accounts Receivable$317,158$1,148,836▲ $831,678
Land, Buildings, and Equipment, Net$503,417$442,888▼ $60,529
Cash and Non-Interest-Bearing Accounts$90,868$301,419▲ $210,551
Prepaid Expenses and Deferred Charges$118,817$123,928▲ $5,111
Total Assets$4,813,689$5,130,143▲ $316,454
Other Assets Total$3,783,429$3,113,072▼ $670,357
Liabilities
Accounts Payable and Accrued Expenses$339,320$208,825▼ $130,495
Other Liabilities$10,225$88,727▲ $78,502
Escrow Account Liability$50,168$53,746▲ $3,578
Total Liabilities$399,713$351,298▼ $48,415
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,413,976$4,778,845▲ $364,869
Total Net Assets Fund Balance$4,413,976$4,778,845▲ $364,869
Total Liabilities and Net Assets / Fund Balance$4,813,689$5,130,143▲ $316,454

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$321,992$6,146,780$6,468,772
Equipment$101,896$110,205$212,101
Other Land Buildings$0$55,167$55,167
Land$19,000-$19,000
Other Assets Org$3,058,902--
Compensation and Service Providers
Top Officer Pay33rd 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
$1,152,273
Program Service Revenue
$1,052,763
Investment Income
$0
Other Revenue
$24,195
Change in Net Assets
$364,869

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,229,231
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,229,231
Total Revenue per Form 990
$2,229,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,864,362
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$714,903$23,022-$737,925
Depreciation Depletion$136,693--$136,693
Fees for Services Management-$102,000-$102,000
Fees for Services Other$68,724$8,195-$76,919
Office Expenses-$32,871-$32,871
Fees for Services Accounting-$26,674-$26,674
Other Expenses$162,038$21,616-$21,616
Fees for Services Legal-$11,794-$11,794
Information Technology-$8,382-$8,382
Advertising-$3,076-$3,076
Travel-$941-$941
Total Functional Expenses$1,322,146$542,216$0$1,864,362

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,864,362
Total Expenses per Audited Statements$1,864,362
Total Expenses per Form 990$1,864,362
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$88,727
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. During the year ended february 29, 2023, 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 29, 2024 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
2025-01-15
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, 2021.”

Raw XML AppendixShowing 400 of 422 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/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING - 2020 AMOUNT: $ 10,532. 2021 AMOUNT: $ 15,359. 2022 AMOUNT: $ 10,824. 2023 AMOUNT: $ 0. MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 1,485. 2021 AMOUNT: $ 2,518. 2022 AMOUNT: $ 3,040. 2023 AMOUNT: $ 24,195.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01152273
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01095707
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01146431
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01053875
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0985419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05433705
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024001
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02683
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02401
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02525
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt031610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01052763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0847183
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0771271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0777467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0865879
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04314563
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024001
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02525
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt031610
IRS990ScheduleA/InvestmentIncomeCYPct00.00320
IRS990ScheduleA/InvestmentIncomePYPct00.00360
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt024195
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013864
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt017877
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt012017
IRS990ScheduleA/OtherIncome509Grp/TotalAmt067953
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98990
IRS990ScheduleA/PublicSupportPY509Pct00.99180
IRS990ScheduleA/PublicSupportTotal509Amt09748268
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02205036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01942890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01917702
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01831342
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01851298
IRS990ScheduleA/Total509Grp/TotalAmt09748268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02229231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01980755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01938262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01845760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01853823
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09847831
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/BookValueAmt0321992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06146780
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06468772
IRS990ScheduleD/EquipmentGrp/BookValueAmt0101896
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0110205
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0212101
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01864362
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt019000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054170
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13058902
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECRUITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055167
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02229231
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, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0442888
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03113072
IRS990ScheduleD/TotalExpensesPerForm990Amt01864362
IRS990ScheduleD/TotalLiabilityAmt088727
IRS990ScheduleD/TotalRevenuePerForm990Amt02229231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02229231
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01864362
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. DURING THE YEAR ENDED FEBRUARY 29, 2023, 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 29, 2024 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/TotalAssetsBOYAmt04813689
IRS990/TotalAssetsEOYAmt05130143
IRS990/TotalAssetsGrp/BOYAmt04813689
IRS990/TotalAssetsGrp/EOYAmt05130143
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01152273
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0542216
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01322146
IRS990/TotalFunctionalExpensesGrp/TotalAmt01864362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0399713
IRS990/TotalLiabilitiesEOYAmt0351298
IRS990/TotalLiabilitiesGrp/BOYAmt0399713
IRS990/TotalLiabilitiesGrp/EOYAmt0351298
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04413976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04778845
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01322146
IRS990/TotalProgramServiceRevenueAmt01052763
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt024195
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01052763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02229231
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04813689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05130143
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0941
IRS990/TravelGrp/TotalAmt0941
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121-A VARICK HOMES
IRS990/USAddress/CityNm0NEWBURGH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012550
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ONYX PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08453682400
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VARICK-PETERSON HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,130,143
Liabilities
$351,298
Net assets
$4,778,845
Revenue
$2,229,231
Expenses
$1,864,362
Net income
$364,869
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
2024Detailed filing. Detailed filing data is available for this year.$5.13$0.35$4.78$2.23$1.86$0.36
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