Civic Intelligence

Park Monroe Hdfc

EIN 20-4997295 • 501(c)3 • Brooklyn, NY

Profile

To provide affordable housing for persons of low income in north eastbrooklyn

132 Ralph AvenueBrooklyn, NY 11233
Siviq Scores

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

Liabilities / Assets

98th percentile

2.02x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

9.00x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-7.4%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

3rd percentile

-61%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,281,089

Down $18,238,431 (-85%) from 2014

Liabilities

Down

$6,621,480

Down $18,271,653 (-73%) from 2014

Net Assets

Up

-$3,340,391

Up $33,222 (+1.0%) from 2014

Operations
Liabilities / Revenue98th percentileNet Margin25th percentile

Revenue

Down

$735,923

Down $1,492,588 (-67%) from 2014

Expenses

Down

$790,295

Down $2,502,087 (-76%) from 2014

Net Income

Up

-$54,372

Up $1,009,499 (+95%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

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

$30M$20M$10M$0-$10MAssets 2010: $20,055,794Liabilities 2010: $21,434,440Net Assets 2010: -$1,378,6462010Assets 2011: $20,055,794Liabilities 2011: $21,434,440Net Assets 2011: -$1,378,6462011Assets 2012: $22,615,496Liabilities 2012: $24,651,814Net Assets 2012: -$2,036,3182012Assets 2013: $22,480,305Liabilities 2013: $24,790,047Net Assets 2013: -$2,309,7422013Assets 2014: $21,519,520Liabilities 2014: $24,893,133Net Assets 2014: -$3,373,6132014Assets 2016: $3,281,089Liabilities 2016: $6,621,480Net Assets 2016: -$3,340,3912016

Highlighted filing

2016

Assets$3,281,089
Liabilities$6,621,480
Net Assets-$3,340,391
Open 2016 Filing

Operations Trend

Revenue Growth6th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $2,022,945Expenses 2010: $2,427,509Net Income 2010: -$404,5642010Revenue 2011: $2,022,945Expenses 2011: $2,427,509Net Income 2011: -$404,5642011Revenue 2012: $2,155,464Expenses 2012: $2,517,508Net Income 2012: -$362,0442012Expenses 2013: $2,418,1582013Revenue 2014: $2,228,511Expenses 2014: $3,292,382Net Income 2014: -$1,063,8712014Revenue 2016: $735,923Expenses 2016: $790,295Net Income 2016: -$54,3722016

Highlighted filing

2016

Revenue$735,923
Expenses$790,295
Net Income-$54,372
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,281,089
Liabilities
$6,621,480
Net assets
-$3,340,391
Revenue
$735,923
Expenses
$790,295
Net income
-$54,372
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$3.28$6.62$3.34$0.74$0.79$0.05
2014Detailed filing. Detailed filing data is available for this year.$21.5$24.9$3.37$2.23$3.29$1.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$24.8$2.31$2.42
2012Summary only. Only limited summary data is available for this year.$22.6$24.7$2.04$2.16$2.52$0.36
2011Summary only. Only limited summary data is available for this year.$20.1$21.4$1.38$2.02$2.43$0.40
2010Summary only. Only limited summary data is available for this year.$20.1$21.4$1.38$2.02$2.43$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 24, 2017
Return Version
2015v3.0
Gross Receipts
$735,923
Mission and Program Overview

Mission

To provide affordable housing for persons of low income in north eastbrooklyn

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,849,357$2,771,063▼ $3,078,294
Other Notes and Loans Receivable, Net-$290,515-
Savings and Temporary Cash Investments$39,069$61,317▲ $22,248
Accounts Receivable$48,410--
Intangible Assets$20,431--
Prepaid Expenses and Deferred Charges$9,073$19,231▲ $10,158
Cash and Non-Interest-Bearing Accounts$47,628$822▼ $46,806
Total Assets$6,298,814$3,281,089▼ $3,017,725
Other Assets Total$284,846$138,141▼ $146,705
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,140,063$5,728,634▼ $411,429
Other Liabilities$120,360$585,138▲ $464,778
Accounts Payable and Accrued Expenses$300,868$307,708▲ $6,840
Total Liabilities$6,561,291$6,621,480▲ $60,189
Net Assets / Fund Balance
Unrestricted Net Assets$-262,477$-3,340,391▼ $3,077,914
Total Net Assets Fund Balance$-262,477$-3,340,391▼ $3,077,914
Total Liabilities and Net Assets / Fund Balance$6,298,814$3,281,089▼ $3,017,725

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,727,009$4,387,036$7,114,045
Equipment$44,054$64,900$108,954
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jeffery DunstonPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$134,689
Investment Income
$452
Other Revenue
$600,782
Change in Net Assets
$-54,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$790,295
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$218,599--$218,599
Depreciation Depletion$193,279--$193,279
Fees for Services Other$121,431--$121,431
Fees for Services Management$47,261--$47,261
Office Expenses$46,672--$46,672
Insurance$26,769--$26,769
Interest-$21,792-$21,792
Fees for Services Legal$19,632--$19,632
Other Expenses$1,008--$1,008
Total Functional Expenses$768,503$21,792$0$790,295
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
Water and Sewer & Real Estate Pay$529,095
Tenant Deposits Payable$40,491
Prepaid Rent$8,500
Due to Agency$7,052
Governance and Compliance

Governance Checklist

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

Governance Explanations

Management duties delegation Part VI line 3

“The corporation pays its sponsor a management fee to manage its operations.”

Form 990 governing body review Part VI line 11

“The form 990 is reviewed by management and the board.”

Conflict of interest policy compliance Part VI line 12C

“Board members, officers, and employees report annually if a conflict of inyerest exist. Management will meet with the individual to obtain the facts. Subsequently a vote will be taken to see if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.”

CEO executive director top management comp Part VI line 15A

“The presdents salary is reviewed and approved by the board of directors.”

Governing documents etc available to public Part VI line 19

“The governning documents, conflict of interest policy and financial documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Park Monroe Hdfc
EIN
20-4997295
Address
132 RALPH AVENUE, Brooklyn, NY 11233

Signing Officer

Name
Jeffery Dunston
Title
President
Phone
7184539490
Signed
2017-02-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeffery Dunston
Formed
2006
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Ivan W Harper C P a
Address
1322 CARROLL STREET, Brooklyn, NY 11213
Preparer
Ivan Harper
Phone
7184673296
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“On november 13, 2014 and february assets and related liabilities were transferred to park monroe ii llc. The difference was recorded as an adjustment to net assets.”

List of other fees for services expenses Part IX line 11G

“Janitorial services are provided by the sponsoring organization.”

Raw XML Appendix386 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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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1TRANSFER TWO BUILDINGS TO PARK MONROE II NYC LIMITED LIABILITY COMPANY
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1NY
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd111233
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION PAYS ITS SPONSOR A MANAGEMENT FEE TO MANAGE ITS OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS, OFFICERS, AND EMPLOYEES REPORT ANNUALLY IF A CONFLICT OF INYEREST EXIST. MANAGEMENT WILL MEET WITH THE INDIVIDUAL TO OBTAIN THE FACTS. SUBSEQUENTLY A VOTE WILL BE TAKEN TO SEE IF THE MATTER IS INDEED A CONFLICT OF INTEREST. IF IT IS FOUND TO BE A CONFLICT OF INTEREST, THE INDIVIDUAL WITH THE CONFLICT OF INTEREST MUST REFRAIN FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESDENTS SALARY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON NOVEMBER 13, 2014 AND FEBRUARY ASSETS AND RELATED LIABILITIES WERE TRANSFERRED TO PARK MONROE II LLC. THE DIFFERENCE WAS RECORDED AS AN ADJUSTMENT TO NET ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6JANITORIAL SERVICES ARE PROVIDED BY THE SPONSORING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0132 RALPH AVENUE
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0790295
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IRS990/TotalProgramServiceRevenueAmt0134689
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0735923
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0735923
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06298814
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-262477
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0132 RALPH AVENUE
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFERY DUNSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07184539490
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARK MONROE HDFC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
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ReturnHeader/Filer/USAddress/AddressLine1Txt0132 RALPH AVENUE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472759008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IVAN W HARPER C P A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01322 CARROLL STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011213
ReturnHeader/PreparerPersonGrp/PhoneNum07184673296
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IVAN HARPER
ReturnHeader/ReturnTs02017-02-28T13:29:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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