Civic Intelligence

Fac Restore Housing Development Fund Corporation

990 • Fiscal year 2022 • EIN 20-2896988

Jul 01, 2021 to Jun 30, 2022 • Filed on Jul 16, 2022

Organization ProfileNA
621 Degraw StreetBrooklyn, NY 11217

(718) 237-2017

Siviq Scores

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

Liabilities / Assets

80th percentile

1.37x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

11.05x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Net Margin

29th percentile

-25%

Higher net margin than 29% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$240,425

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 53.5% of source-year revenue.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Asset Growth

29th percentile

-4.3%

Faster asset growth than 29% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

5.5%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$3,614,864

Down $161,179 (-4.3%) from 2021

Net Assets

Down

-$1,347,472

Down $111,327 (-9.0%) from 2021

Liabilities

Down

$4,962,336

Down $49,852 (-1.0%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin29th percentile

Revenue

Up

$449,140

Up $23,383 (+5.5%) from 2021

Expenses

Down

$560,467

Down $51,796 (-8.5%) from 2021

Net Income

Up

-$111,327

Up $75,179 (+40%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $5,486,510Liabilities 2011: $5,460,985Net Assets 2011: $25,5252011Assets 2012: $5,321,685Liabilities 2012: $5,437,449Net Assets 2012: -$115,7642012Assets 2013: $5,187,159Liabilities 2013: $5,403,042Net Assets 2013: -$215,8832013Assets 2014: $4,969,968Liabilities 2014: $5,320,889Net Assets 2014: -$350,9212014Assets 2015: $4,803,827Liabilities 2015: $5,283,538Net Assets 2015: -$479,7112015Assets 2016: $4,638,228Liabilities 2016: $5,227,178Net Assets 2016: -$588,9502016Assets 2017: $4,517,809Liabilities 2017: $5,189,618Net Assets 2017: -$671,8092017Assets 2018: $4,354,874Liabilities 2018: $5,146,160Net Assets 2018: -$791,2862018Assets 2019: $4,156,879Liabilities 2019: $5,098,094Net Assets 2019: -$941,2152019Assets 2020: $4,015,566Liabilities 2020: $5,065,205Net Assets 2020: -$1,049,6392020Assets 2021: $3,776,043Liabilities 2021: $5,012,188Net Assets 2021: -$1,236,1452021Assets 2022: $3,614,864Liabilities 2022: $4,962,336Net Assets 2022: -$1,347,4722022Assets 2023: $3,553,659Liabilities 2023: $5,006,558Net Assets 2023: -$1,452,8992023Assets 2024: $3,563,741Liabilities 2024: $5,191,446Net Assets 2024: -$1,627,7052024

Highlighted filing

2022

Assets$3,614,864
Liabilities$4,962,336
Net Assets-$1,347,472
Open 2022 Filing

Operations Trend

Revenue Growth67th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $334,794Expenses 2011: $494,288Net Income 2011: -$159,4942011Revenue 2012: $339,065Expenses 2012: $480,354Net Income 2012: -$141,2892012Revenue 2013: $349,693Expenses 2013: $449,812Net Income 2013: -$100,1192013Revenue 2014: $349,725Expenses 2014: $484,763Net Income 2014: -$135,0382014Revenue 2015: $380,498Expenses 2015: $509,288Net Income 2015: -$128,7902015Revenue 2016: $390,166Expenses 2016: $499,405Net Income 2016: -$109,2392016Revenue 2017: $422,028Expenses 2017: $504,887Net Income 2017: -$82,8592017Revenue 2018: $405,448Expenses 2018: $524,925Net Income 2018: -$119,4772018Revenue 2019: $404,796Expenses 2019: $554,725Net Income 2019: -$149,9292019Revenue 2020: $443,308Expenses 2020: $551,732Net Income 2020: -$108,4242020Revenue 2021: $425,757Expenses 2021: $612,263Net Income 2021: -$186,5062021Revenue 2022: $449,140Expenses 2022: $560,467Net Income 2022: -$111,3272022Revenue 2023: $482,782Expenses 2023: $606,951Net Income 2023: -$124,1692023Revenue 2024: $466,009Expenses 2024: $607,059Net Income 2024: -$141,0502024

Highlighted filing

2022

Revenue$449,140
Expenses$560,467
Net Income-$111,327
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jul 16, 2022
Return Version
2021v4.0
Gross Receipts
$449,140
Mission and Program Overview

Mission

The mission of the organization is to own and operate 5 apartment buildings housing qualified low income individuals in the brooklyn, new york area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,529,926$3,330,611▼ $199,315
Savings and Temporary Cash Investments$143,418$154,554▲ $11,136
Cash and Non-Interest-Bearing Accounts$27,275$33,472▲ $6,197
Accounts Receivable$4,402$7,467▲ $3,065
Prepaid Expenses and Deferred Charges$3,118$4,277▲ $1,159
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,776,043$3,614,864▼ $161,179
Other Assets Total$67,904$84,483▲ $16,579
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,961,156$4,909,685▼ $51,471
Accounts Payable and Accrued Expenses$32,437$22,528▼ $9,909
Other Liabilities$16,519$20,611▲ $4,092
Deferred Revenue$2,076$9,512▲ $7,436
Total Liabilities$5,012,188$4,962,336▼ $49,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,236,145$-1,347,472▼ $111,327
Total Net Assets Fund Balance$-1,236,145$-1,347,472▼ $111,327
Total Liabilities and Net Assets / Fund Balance$3,776,043$3,614,864▼ $161,179

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,899,114$2,539,031$5,438,145
Land$431,497-$431,497
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Dany CunninghamPresident
Michelle De La UzSecretary
Jay MarcusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$449,126
Investment Income
$14
Other Revenue
$0
Change in Net Assets
$-111,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,467
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
Depreciation Depletion$199,315--$199,315
Payments to Affiliates$92,418--$92,418
Interest$66,508--$66,508
Insurance$33,048--$33,048
Other Expenses$12,052--$12,052
All Other Expenses$11,423--$11,423
Fees for Services Legal$9,834--$9,834
Fees for Services Accounting$4,200--$4,200
Office Expenses$2,584--$2,584
Total Functional Expenses$560,467$0$0$560,467
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Payable$20,611
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Bookkeeping, accounting, management reporting, coordinate efforts with the outside auditor, maintain the common elements of the property, manage tenant issues and other projects on an as needed basis.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Major decisions are discussed and voted upon by board members. At times, the board members seek the opinions of the management company, lawyers, outside auditor and others in the decision making process.”

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“The organization has not established formal sub committees.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The outside auditor prepares a draft set of tax returns to be reviewed by the management company. Corrections and edits are discussed and made, if necessary. An officer of the organization reviews the tax returns as well. The outside auditor prepares a final set of tax returns for signature.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization has adopted the conflict of interest policy as used by the sponsor/manager of the organization which is a 501(c)(3). The director of finance & it of the management company is responsible for financial relationships between the organization and other entities. If a potential conflict of interest issue arises, the director of fiannce & it for fac addresses this matter with the director of property management for resolution. At times, the management company consults with the outside auditor about potential conflicts.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request, the organization provides copies of its governing documents, policies and audited financial statements.”

Filing and Contact Details

Filer

Filer Name
Fac Restore Housing Development
EIN
20-2896988
Phone
7182372017
Address
621 DEGRAW STREET, BROOKLYN, NY 11217

Signing Officer

Name
Michelle De La Uz
Title
Secretary
Phone
9142353600
Signed
2022-07-16
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Rob Goldman CPA Mba Pllc
Address
82 Howard Avenue, Eastchester, NY 10709
Preparer
Rob Goldman CPA Mba
Phone
9142353600
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020611
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03330611
IRS990ScheduleD/TotalLiabilityAmt020611
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt01000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt11000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0136417
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1225758
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06689
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110647
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt021566
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01459
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt13000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAY MARCUS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MICHELLE DE LA UZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0167131
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1240425
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOOKKEEPING, ACCOUNTING, MANAGEMENT REPORTING, COORDINATE EFFORTS WITH THE OUTSIDE AUDITOR, MAINTAIN THE COMMON ELEMENTS OF THE PROPERTY, MANAGE TENANT ISSUES AND OTHER PROJECTS ON AN AS NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MAJOR DECISIONS ARE DISCUSSED AND VOTED UPON BY BOARD MEMBERS. AT TIMES, THE BOARD MEMBERS SEEK THE OPINIONS OF THE MANAGEMENT COMPANY, LAWYERS, OUTSIDE AUDITOR AND OTHERS IN THE DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NOT ESTABLISHED FORMAL SUB COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OUTSIDE AUDITOR PREPARES A DRAFT SET OF TAX RETURNS TO BE REVIEWED BY THE MANAGEMENT COMPANY. CORRECTIONS AND EDITS ARE DISCUSSED AND MADE, IF NECESSARY. AN OFFICER OF THE ORGANIZATION REVIEWS THE TAX RETURNS AS WELL. THE OUTSIDE AUDITOR PREPARES A FINAL SET OF TAX RETURNS FOR SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS ADOPTED THE CONFLICT OF INTEREST POLICY AS USED BY THE SPONSOR/MANAGER OF THE ORGANIZATION WHICH IS A 501(C)(3). THE DIRECTOR OF FINANCE & IT OF THE MANAGEMENT COMPANY IS RESPONSIBLE FOR FINANCIAL RELATIONSHIPS BETWEEN THE ORGANIZATION AND OTHER ENTITIES. IF A POTENTIAL CONFLICT OF INTEREST ISSUE ARISES, THE DIRECTOR OF FIANNCE & IT FOR FAC ADDRESSES THIS MATTER WITH THE DIRECTOR OF PROPERTY MANAGEMENT FOR RESOLUTION. AT TIMES, THE MANAGEMENT COMPANY CONSULTS WITH THE OUTSIDE AUDITOR ABOUT POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST, THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES AND AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIFTH AVENUE COMMITTEE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112475743
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADVANCE ECONOMIC, SOCIAL, RACIAL JUSTICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0ACTIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0621 DEGRAW STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011217
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt092418
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIFTH AVENUE COMMITTEE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0m
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03776043
IRS990/TotalAssetsEOYAmt03614864
IRS990/TotalAssetsGrp/BOYAmt03776043
IRS990/TotalAssetsGrp/EOYAmt03614864
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0560467
IRS990/TotalFunctionalExpensesGrp/TotalAmt0560467
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05012188
IRS990/TotalLiabilitiesEOYAmt04962336
IRS990/TotalLiabilitiesGrp/BOYAmt05012188
IRS990/TotalLiabilitiesGrp/EOYAmt04962336
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1236145
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1347472
IRS990/TotalOtherCompensationAmt038922
IRS990/TotalProgramServiceExpensesAmt0560467
IRS990/TotalProgramServiceRevenueAmt0449126
IRS990/TotalRevenueGrp/ExclusionAmt014
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0449126
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0449140
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03776043
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03614864
IRS990/TotReportableCompRltdOrgAmt0368634
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0621 DEGRAW STREET
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011217
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE DE LA UZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum09142353600
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAC RESTORE HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0FACR
ReturnHeader/Filer/EIN0202896988
ReturnHeader/Filer/PhoneNum07182372017
ReturnHeader/Filer/USAddress/AddressLine1Txt0621 DEGRAW STREET
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011217
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0134180553
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROB GOLDMAN CPA MBA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt082 Howard Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Eastchester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010709
ReturnHeader/PreparerPersonGrp/PhoneNum09142353600

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,614,864
Liabilities
$4,962,336
Net assets
-$1,347,472
Revenue
$449,140
Expenses
$560,467
Net income
-$111,327
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$5.19$1.63$0.47$0.61$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$5.01$1.45$0.48$0.61$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.61$4.96$1.35$0.45$0.56$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$5.01$1.24$0.43$0.61$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$5.07$1.05$0.44$0.55$0.11
2019Summary only. Only limited summary data is available for this year.$4.16$5.10$0.94$0.40$0.55$0.15
2018Summary only. Only limited summary data is available for this year.$4.35$5.15$0.79$0.41$0.52$0.12
2017Summary only. Only limited summary data is available for this year.$4.52$5.19$0.67$0.42$0.50$0.08
2016Summary only. Only limited summary data is available for this year.$4.64$5.23$0.59$0.39$0.50$0.11
2015Summary only. Only limited summary data is available for this year.$4.80$5.28$0.48$0.38$0.51$0.13
2014Summary only. Only limited summary data is available for this year.$4.97$5.32$0.35$0.35$0.48$0.14
2013Summary only. Only limited summary data is available for this year.$5.19$5.40$0.22$0.35$0.45$0.10
2012Summary only. Only limited summary data is available for this year.$5.32$5.44$0.12$0.34$0.48$0.14
2011Summary only. Only limited summary data is available for this year.$5.49$5.46$0.03$0.33$0.49$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)4 • $1M-$5M nonprofits