Civic Intelligence

Ehs I Inc

EIN 20-0043817 • 501(c)2 • New York, NY

Profile

The ehs & subsidiaries mission is "to enhance the new york city college experience by providing safe and affordable housing in an enriching student life environment".

481 Eighth AvenueNew York, NY 10001

www.studenthousing.org

Siviq Scores

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

Liabilities / Assets

99th percentile

2.44x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)2 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

1.56x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)2 • $10M-$25M nonprofits • Source year 2024

Net Margin

37th percentile

-14%

Higher net margin than 37% of similar nonprofits.

501(c)2 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$646,235

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

$10M-$25M nonprofits • Source year 2022

Asset Growth

5th percentile

-12%

Faster asset growth than 5% of similar nonprofits.

501(c)2 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

75th percentile

15%

Faster revenue growth than 75% of similar nonprofits.

501(c)2 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$9,979,329

Down $2,802,353 (-22%) from 2022

Liabilities

Up

$24,303,326

Up $3,097,001 (+15%) from 2022

Net Assets

Down

-$14,323,997

Down $5,899,354 (-70%) from 2022

Revenue

Up

$15,625,702

Up $3,715,935 (+31%) from 2022

Expenses

Up

$17,787,410

Up $574,175 (+3.3%) from 2022

Net Income

Up

-$2,161,708

Up $3,141,760 (+59%) from 2022

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10M-$20MAssets 2010: $10,087,015Liabilities 2010: $1,530,620Net Assets 2010: $8,556,3952010Assets 2011: $11,417,976Liabilities 2011: $1,451,573Net Assets 2011: $9,966,4032011Assets 2012: $13,058,255Liabilities 2012: $1,355,475Net Assets 2012: $11,702,7802012Assets 2013: $15,598,502Liabilities 2013: $1,990,640Net Assets 2013: $13,607,8622013Assets 2015: $17,211,678Liabilities 2015: $2,447,321Net Assets 2015: $14,764,3572015Assets 2017: $16,558,716Liabilities 2017: $2,804,902Net Assets 2017: $13,753,8142017Assets 2018: $15,368,324Liabilities 2018: $2,656,857Net Assets 2018: $12,711,4672018Assets 2019: $14,010,844Liabilities 2019: $2,656,567Net Assets 2019: $11,354,2772019Assets 2021: $18,578,403Liabilities 2021: $21,699,578Net Assets 2021: -$3,121,1752021Assets 2022: $12,781,682Liabilities 2022: $21,206,325Net Assets 2022: -$8,424,6432022Assets 2024: $9,979,329Liabilities 2024: $24,303,326Net Assets 2024: -$14,323,9972024

Highlighted filing

2024

Assets$9,979,329
Liabilities$24,303,326
Net Assets-$14,323,997

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $10,522,7672010Expenses 2011: $12,218,1742011Expenses 2012: $12,297,5532012Revenue 2013: $13,541,982Expenses 2013: $11,636,900Net Income 2013: $1,905,0822013Revenue 2015: $13,022,416Expenses 2015: $12,784,870Net Income 2015: $237,5462015Revenue 2017: $13,438,843Expenses 2017: $13,871,211Net Income 2017: -$432,3682017Revenue 2018: $13,638,662Expenses 2018: $14,681,009Net Income 2018: -$1,042,3472018Revenue 2019: $13,767,912Expenses 2019: $15,125,102Net Income 2019: -$1,357,1902019Revenue 2021: $6,444,443Expenses 2021: $14,087,286Net Income 2021: -$7,642,8432021Revenue 2022: $11,909,767Expenses 2022: $17,213,235Net Income 2022: -$5,303,4682022Revenue 2024: $15,625,702Expenses 2024: $17,787,410Net Income 2024: -$2,161,7082024

Highlighted filing

2024

Revenue$15,625,702
Expenses$17,787,410
Net Income-$2,161,708

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$15,625,702
Mission and Program Overview

Mission

The ehs & subsidiaries mission is "to enhance the new york city college experience by providing safe and affordable housing in an enriching student life environment".

Ehs' mission is to provide safe affordable college housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$570,636$391,649▼ $178,987
Savings and Temporary Cash Investments$251,004$251,083▲ $79
Land, Buildings, and Equipment, Net$101,333$72,984▼ $28,349
Prepaid Expenses and Deferred Charges$0$2,893▲ $2,893
Accounts Receivable$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
Total Assets$12,137,723$9,979,329▼ $2,158,394
Other Assets Total$11,214,750$9,260,720▼ $1,954,030
Liabilities
Other Liabilities$635,054$21,270,207▲ $20,635,153
Deferred Revenue$3,744,119$2,930,266▼ $813,853
Accounts Payable and Accrued Expenses$19,920,839$102,853▼ $19,817,986
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$24,300,012$24,303,326▲ $3,314
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-12,162,289$-14,323,997▼ $2,161,708
Total Net Assets Fund Balance$-12,162,289$-14,323,997▼ $2,161,708
Total Liabilities and Net Assets / Fund Balance$12,137,723$9,979,329▼ $2,158,394

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,912$2,674,067$2,715,979
Leasehold Improvements$31,072$831,291$862,363
Other Assets Org$901,473--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Ross HewittInvestment Analyst$136,629$136,629
Carl Richard HartmanBoard Member$25,000$25,000
Dale Anne ReissBoard Member$25,000$25,000
Donald D SheetsBoard Member$25,000$25,000
Jerry HultinChairman of the Board$25,000$25,000
John Thomas Randolph IiBoard Member$25,000$25,000
Leecia Roberta EveBoard Member$25,000$25,000
Patrick J FoyeBoard Member$25,000$25,000
Samara BarendBoard Member$25,000$25,000
William Cockrum IiiBoard Member$25,000$25,000

Board Members and Trustees

NameTitle
Jeffrey LynfordPresident
Darlene LewisController
Dennis R IrvinCOO/CFO
Adam B KaufmanSenior Housing Advisor
Faye BeanSenior VP Leasing & Marketing
Christy ChatfieldSenior VP Student Life
Ariel DybnerSr VP Gnrl Counsel, Secretary
Joseph La VaccaTreasurer
Kevin GrossVP of Facilities and Property

Highest Paid Contractors

ContractorServicesLocationCompensation
Aargo Services INCSecurity112-126 E 128TH STREET, New York, NY 10035$903,924
Cleaning Building Services LLCCleaning247 WEST 35th STREET, New York, NY 10001$125,619
Am Contracting Ny LLCInterior Painting405 EAST 2nd STREET, Brooklyn, NY 11218$114,941
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,334,217
Investment Income
$79
Other Revenue
$3,291,406
Change in Net Assets
$-2,161,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,920,523
Salaries, Compensation, and Employee Benefits$866,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$14,462,165
Other Salaries and Wages---$696,649
Advertising---$617,487
Insurance---$360,946
Fees for Services Management---$218,509
Fees for Services Other---$165,793
Information Technology---$157,213
Other Expenses---$117,554
Other Employee Benefits---$87,245
Payroll Taxes---$68,643
Office Expenses---$59,461
Depreciation Depletion---$44,606
Fees for Services Accounting---$22,511
Travel---$19,255
Pension Plan Contributions---$14,350
Fees for Services Legal---$4,218
Conferences and Meetings---$4,144
All Other Expenses---$705
Total Functional Expenses$0$0$0$17,787,410
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities - Long Term$19,809,394
Due to Related Parties$1,409,526
Other Liabilities$51,287
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

Members of the organization the organization is the type of not-for-profit corporation that is required to have members. The directors of the organization act as the members.

Form 990, Part VI, Line 11B

Form 990 provided to governing body the form 990 for 2024 was provided to the full board for review and comment. Approval via board vote of the form 990 is required prior to filing the report to the irs.

Form 990, Part VI, Line 12C

Conflict of interest policy ehs' conflict of interest policy requires the filing by all board members and senior officers of the organization of annual conflicts disclosure statement. These statements are reviewed by the governance and compensation committee quarterly for any conflict.

Form 990, Part VI, Line 15A & 15B

COMPENSATION POLICY 990 Part VI-LINE 15A: IN SEPTEMBER 2019, THE ORGANIZATION, WITH REVIEW AND APPROVAL OF THE GOVERNANCE, FINANCE AND COMPENSATION COMMITTEE AND INPUT FROM OUTSIDE COMPENSATION CONSULTANTS GRANT THORNTON, LLP, EXTENDED THE EMPLOYMENT CONTRACT OF ITS PRESIDENT FOR AN ADDITIONAL TERM OF TEN YEARS ENDING DECEMBER 31, 2029. PART VI - LINE 15B IN 2022 THE ORGANIZATION RE-ENGAGED GRANT THORNTON LLP TO REVIEW THE COMPENSATION LEVELS OF OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION TO PROVIDE THE BOARD WITH A DETERMINATION OF COMPENSATION FOR THOSE EMPLOYEES. AS A RESULT OF THIS DETERMINATION NO COMPENSATION DECISIONS WERE MADE FOR ANY OTHER OFFICER OR KEY EMPLOYEES OF THE ORGANIZATION DURING 2024.

Form 990, Part VI, Line 19

Documents available for public inspection copies of the annual financials and other governing documents are sent to the state of new york, new york state bond commission, and the board of directors. Copies are on file and available upon request. The process has not changed from prior year.

Filing and Contact Details

Filer

Filer Name
Ehs I Inc
EIN
20-0043817
In Care Of
% JOSEPH LAVACCA
Phone
2129777622
Address
481 EIGHTH AVENUE, NEW YORK, NY 10001

Signing Officer

Name
Joseph Lavacca
Title
Treasurer
Phone
2129777622
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Lynford
Formed
2003
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Advisory LLC
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054
Phone
9732283500
Supplemental Narrative

Additional Explanations

Form 990

Payroll ehs contracts with adp total source for their human resources/payroll services. As such, all employees of ehs became part of adp's professional employer organization (peo) group. For w-2 purposes, adp is listed as the employer of all ehs employees. Ehs is the sole entity that pays the employees of all the related/controlling entities. Allocations are made from ehs to these entities based on actual time worked by each employee when known, or by an allocation of management salaries based upon the estimated time worked through the year on these entities. Hours of board members are based upon the quarterly and monthly meetings including regular interactions with management in person and telephonically as it relates to a particular entity.

Financial Statement Notes

Schedule D, Part X, Line 2

Fin48 the organization is tax-exempt under section 501(c)(2) of the internal revenue code. Therefore, no provision for income taxes has been included in the organization's consolidated financial statements. U.s. Gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not be sustained upon examination by the relevant tax authorities. Management has analyzed the tax positions taken by the organization, and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. Management believes that its tax-exempt status would be sustained upon examination. The organization files informational tax returns in the united states federal and new york state jurisdictions. The organization is no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2021.

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