Civic Intelligence

Housing Development Foundation Inc.

990 • Fiscal year 2023 • EIN 16-1583317

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 2023

Organization ProfileN/A
2301 Westside DriveRochester, NY 14624

(585) 594-6890

Siviq Scores

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

Liabilities / Assets

49th percentile

0.68x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

4.26x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

50th percentile

$154,653

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Asset Growth

77th percentile

8.7%

Faster asset growth than 77% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-16%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets49th percentile

Assets

Flat

$5,001,558

Flat from 2023

Net Assets

Flat

$1,577,002

Flat from 2023

Liabilities

Flat

$3,424,556

Flat from 2023

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin81st percentile

Revenue

Flat

$804,174

Flat from 2023

Expenses

Flat

$604,726

Flat from 2023

Net Income

Flat

$199,448

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $5,940,827Liabilities 2010: $6,027,127Net Assets 2010: -$86,3002010Assets 2011: $5,767,245Liabilities 2011: $5,822,272Net Assets 2011: -$55,0272011Assets 2012: $5,624,996Liabilities 2012: $5,619,318Net Assets 2012: $5,6782012Assets 2013: $5,615,017Liabilities 2013: $5,525,827Net Assets 2013: $89,1902013Assets 2014: $5,539,878Liabilities 2014: $5,372,021Net Assets 2014: $167,8572014Assets 2015: $5,498,556Liabilities 2015: $5,260,241Net Assets 2015: $238,3152015Assets 2016: $5,486,611Liabilities 2016: $5,150,949Net Assets 2016: $335,6622016Assets 2017: $4,668,576Liabilities 2017: $4,218,918Net Assets 2017: $449,6582017Assets 2018: $4,569,451Liabilities 2018: $3,844,437Net Assets 2018: $725,0142018Assets 2019: $4,527,653Liabilities 2019: $3,659,167Net Assets 2019: $868,4862019Assets 2020: $4,479,171Liabilities 2020: $3,452,364Net Assets 2020: $1,026,8072020Assets 2021: $4,406,172Liabilities 2021: $3,209,946Net Assets 2021: $1,196,2262021Assets 2022: $4,599,645Liabilities 2022: $3,222,091Net Assets 2022: $1,377,5542022Assets 2023: $5,001,558Liabilities 2023: $3,424,556Net Assets 2023: $1,577,0022023Assets 2023: $5,001,558Liabilities 2023: $3,424,556Net Assets 2023: $1,577,0022023Assets 2024: $5,471,470Liabilities 2024: $3,693,064Net Assets 2024: $1,778,4062024

Highlighted filing

2023

Assets$5,001,558
Liabilities$3,424,556
Net Assets$1,577,002
Open 2023 Filing

Operations Trend

Revenue Growth14th percentile

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

$1.5M$1.0M$500K$0Expenses 2010: $1,015,3612010Revenue 2011: $965,547Expenses 2011: $934,274Net Income 2011: $31,2732011Revenue 2012: $891,125Expenses 2012: $830,420Net Income 2012: $60,7052012Expenses 2013: $863,9272013Revenue 2014: $932,843Expenses 2014: $854,176Net Income 2014: $78,6672014Revenue 2015: $969,832Expenses 2015: $899,374Net Income 2015: $70,4582015Revenue 2016: $1,045,879Expenses 2016: $948,532Net Income 2016: $97,3472016Revenue 2017: $1,093,360Expenses 2017: $979,364Net Income 2017: $113,9962017Revenue 2018: $1,007,747Expenses 2018: $732,391Net Income 2018: $275,3562018Revenue 2019: $1,101,465Expenses 2019: $957,993Net Income 2019: $143,4722019Revenue 2020: $834,875Expenses 2020: $676,554Net Income 2020: $158,3212020Revenue 2021: $918,753Expenses 2021: $749,334Net Income 2021: $169,4192021Revenue 2022: $952,342Expenses 2022: $771,014Net Income 2022: $181,3282022Revenue 2023: $804,174Expenses 2023: $604,726Net Income 2023: $199,4482023Revenue 2023: $804,174Expenses 2023: $604,726Net Income 2023: $199,4482023Revenue 2024: $931,548Expenses 2024: $730,144Net Income 2024: $201,4042024

Highlighted filing

2023

Revenue$804,174
Expenses$604,726
Net Income$199,448
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$804,174
Mission and Program Overview

Mission

Housing for College Students

To provide housing for college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,288,392$3,571,227▲ $282,835
Accounts Receivable$443,888$784,370▲ $340,482
Savings and Temporary Cash Investments$867,365$645,961▼ $221,404
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,599,645$5,001,558▲ $401,913
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$2,973,193$2,724,429▼ $248,764
Accounts Payable and Accrued Expenses$248,898$700,127▲ $451,229
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$3,222,091$3,424,556▲ $202,465
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,377,554$1,577,002▲ $199,448
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,377,554$1,577,002▲ $199,448
Total Liabilities and Net Assets / Fund Balance$4,599,645$5,001,558▲ $401,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,324,826$2,433,741$5,758,567
Other Land Buildings$148,189$334,598$482,787
Equipment$98,212$14,947$113,159
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Tom HildebrandtPresident & Treasurer
John MckennaVice President & Secretary
Laurie LeoChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,900
Program Service Revenue
$684,470
Investment Income
$19,804
Other Revenue
$0
Change in Net Assets
$199,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$804,174
Total Revenue per Audited Statements
$804,174
Total Revenue per Form 990
$804,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$604,726
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$263,519--$263,519
Depreciation Depletion$135,386--$135,386
Interest$75,155--$75,155
Other Expenses$51,938$0$0$51,938
Fees for Services Management-$34,224-$34,224
Insurance$32,029--$32,029
Fees for Services Accounting-$12,200-$12,200
Fees for Services Legal-$275-$275
Total Functional Expenses$558,027$46,699$0$604,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$604,726
Total Expenses per Audited Statements$604,726
Total Expenses per Form 990$604,726
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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, Part VI, Section B, Line 11B

“Prior to filing with the irs, copies of the form 990 are sent to the board members for their review. An independent accounting firm also performs a review of form 990 before the return is filed.”

Form 990, Part VI, Section B, Line 12C

“Policy includes directors or officers. Possible conflicts are reviewed at the board level. If a conflict exists, no director shall vote on any matter related to such conflict.”

Form 990, Part VI, Section B, Line 15B

“The housing development foundation, inc. Does not have employees. However, the chief financial officer serving the foundation board with financial affairs is compensated by roberts wesleyan university (such compensation is approved by the university president). No portion of the cfo salary is directly allocated to the foundation; rather, a management fee is paid to the university and is based on a formula stipulated in the original financing documents.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements, and all form 990's are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Housing Development Foundation Inc
EIN
16-1583317
In Care Of
% LAURIE J LEO
Phone
5855946890
Address
2301 WESTSIDE DRIVE, ROCHESTER, NY 14624

Signing Officer

Name
Laurie J Leo
Title
CFO
Phone
5855946890
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie J Leo
Formed
2000
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Forvis Llp
Address
111 E Wayne St Suite 600, Fort Wayne, IN 46802
Preparer
Lauren R Denton
Phone
2604604000
Supplemental Narrative

Financial Statement Notes

Asc 740 Footnote

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

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IRS990/PYRevenuesLessExpensesAmt0181328
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0771014
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0952342
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0199448
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt099900
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0784370
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0867365
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0645961
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt099900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt099900
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019804
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01574
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0957
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02395
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03250
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt027980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0684470
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0950768
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0917796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0832480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01098215
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04483729
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019804
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01574
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0957
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03250
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt027980
IRS990ScheduleA/InvestmentIncomeCYPct00.00607
IRS990ScheduleA/InvestmentIncomePYPct00.00208
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99393
IRS990ScheduleA/PublicSupportPY509Pct00.99792
IRS990ScheduleA/PublicSupportTotal509Amt04583629
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0784370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0950768
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0917796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0832480
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01098215
IRS990ScheduleA/Total509Grp/TotalAmt04583629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0804174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0952342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0918753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0834875
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01101465
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04611609
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03324826
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02433741
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05758567
IRS990ScheduleD/EquipmentGrp/BookValueAmt098212
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014947
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113159
IRS990ScheduleD/ExpensesSubtotalAmt0604726
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0148189
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0334598
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0482787
IRS990ScheduleD/RevenueSubtotalAmt0804174
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0ASC 740 FOOTNOTE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03571227
IRS990ScheduleD/TotalExpensesPerForm990Amt0604726
IRS990ScheduleD/TotalRevenuePerForm990Amt0804174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0804174
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0604726
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0152367
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAURIE LEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0154653
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION FOR THOSE LISTED ON SCHEDULE J IS PAID BY ROBERTS WESLEYAN UNIVERSITY, A RELATED ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING WITH THE IRS, COPIES OF THE FORM 990 ARE SENT TO THE BOARD MEMBERS FOR THEIR REVIEW. AN INDEPENDENT ACCOUNTING FIRM ALSO PERFORMS A REVIEW OF FORM 990 BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY INCLUDES DIRECTORS OR OFFICERS. POSSIBLE CONFLICTS ARE REVIEWED AT THE BOARD LEVEL. IF A CONFLICT EXISTS, NO DIRECTOR SHALL VOTE ON ANY MATTER RELATED TO SUCH CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HOUSING DEVELOPMENT FOUNDATION, INC. DOES NOT HAVE EMPLOYEES. HOWEVER, THE CHIEF FINANCIAL OFFICER SERVING THE FOUNDATION BOARD WITH FINANCIAL AFFAIRS IS COMPENSATED BY ROBERTS WESLEYAN UNIVERSITY (SUCH COMPENSATION IS APPROVED BY THE UNIVERSITY PRESIDENT). NO PORTION OF THE CFO SALARY IS DIRECTLY ALLOCATED TO THE FOUNDATION; RATHER, A MANAGEMENT FEE IS PAID TO THE UNIVERSITY AND IS BASED ON A FORMULA STIPULATED IN THE ORIGINAL FINANCING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND ALL FORM 990'S ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0HDF
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0HDF-RWC PROJECT 1 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt01577002
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0199448
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02301 WESTSIDE DRIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ROCHESTER
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd014624
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,001,558
Liabilities
$3,424,556
Net assets
$1,577,002
Revenue
$804,174
Expenses
$604,726
Net income
$199,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$3.69$1.78$0.93$0.73$0.20
2023Detailed filing. Detailed filing data is available for this year.$5.00$3.42$1.58$0.80$0.60$0.20
2023Summary only. Only limited summary data is available for this year.$5.00$3.42$1.58$0.80$0.60$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$3.22$1.38$0.95$0.77$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$3.21$1.20$0.92$0.75$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$3.45$1.03$0.83$0.68$0.16
2019Summary only. Only limited summary data is available for this year.$4.53$3.66$0.87$1.10$0.96$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$3.84$0.73$1.01$0.73$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$4.22$0.45$1.09$0.98$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$5.15$0.34$1.05$0.95$0.10
2015Summary only. Only limited summary data is available for this year.$5.50$5.26$0.24$0.97$0.90$0.07
2014Summary only. Only limited summary data is available for this year.$5.54$5.37$0.17$0.93$0.85$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$5.53$0.09$0.86
2012Summary only. Only limited summary data is available for this year.$5.62$5.62$0.01$0.89$0.83$0.06
2011Summary only. Only limited summary data is available for this year.$5.77$5.82$0.06$0.97$0.93$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$6.03$0.09$1.02