Civic Intelligence

Park Monroe Hdfc

990 • Fiscal year 2014 • EIN 20-4997295

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 15, 2014

Organization Profile
132 Ralph Avenue11233

(718) 453-9490

Siviq Scores

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

Liabilities / Assets

96th percentile

1.16x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

11.17x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

5th percentile

-48%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

42nd percentile

$150,000

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

16th percentile

-4.3%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

1.7%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$21,519,520

Down $960,785 (-4.3%) from 2013

Net Assets

Down

-$3,373,613

Down $1,063,871 (-46%) from 2013

Liabilities

Up

$24,893,133

Up $103,086 (+0.4%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin5th percentile

Revenue

$2,228,511

No earlier filing loaded for comparison.

Expenses

Up

$3,292,382

Up $874,224 (+36%) from 2013

Net Income

-$1,063,871

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$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

2014

Assets$21,519,520
Liabilities$24,893,133
Net Assets-$3,373,613
Open 2014 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$2,228,511
Expenses$3,292,382
Net Income-$1,063,871
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 15, 2014
Return Version
2013v3.1
Gross Receipts
$2,228,511
Mission and Program Overview

Mission

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

To provide affordable housing for persons of low income in sections of Brooklyn, New York

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,147,728$20,674,638▼ $473,090
Accounts Receivable$183,250$312,594▲ $129,344
Prepaid Expenses and Deferred Charges$109,539$110,649▲ $1,110
Intangible Assets$24,146$22,289▼ $1,857
Cash and Non-Interest-Bearing Accounts$24,446$1,824▼ $22,622
Total Assets$22,480,305$21,519,520▼ $960,785
Other Assets Total$991,196$397,526▼ $593,670
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,875,990$23,868,993▼ $6,997
Accounts Payable and Accrued Expenses$627,328$702,903▲ $75,575
Other Liabilities$286,729$321,237▲ $34,508
Total Liabilities$24,790,047$24,893,133▲ $103,086
Net Assets / Fund Balance
Unrestricted Net Assets$-2,309,742$-3,373,613▼ $1,063,871
Total Net Assets Fund Balance$-2,309,742$-3,373,613▼ $1,063,871
Total Liabilities and Net Assets / Fund Balance$22,480,305$21,519,520▼ $960,785

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,674,638$4,258,656$24,933,294
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleOtherTotal
-President$150,000$150,000

Board Members and Trustees

NameTitle
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,087,032
Investment Income
$0
Other Revenue
$141,479
Change in Net Assets
$-1,063,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,228,511
Total Revenue per Audited Statements
$2,228,511
Total Revenue per Form 990
$2,228,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,292,382
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
Other Expenses$649,065--$649,065
Depreciation Depletion$632,911--$632,911
Fees for Services Management$232,587--$232,587
Insurance$144,432--$144,432
Interest$80,061--$80,061
All Other Expenses$75,093--$75,093
Fees for Services Legal$61,278--$61,278
Fees for Services Accounting$10,366--$10,366
Total Functional Expenses$3,292,382$0$0$3,292,382

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,292,382
Total Expenses per Audited Statements$3,292,382
Total Expenses per Form 990$3,292,382
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Sponsoring EntityAdministrative ServicesYes$200,161
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liablilities$149,909
Retained Payable$144,248
Tenant Security Deposits Payable$18,091
Federal income taxes$8,989
Prepaid Rent-
Interest Payable-
Contractor Payable-
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 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
No

Governance Explanations

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

“Board members, officers, and employees report annually if a conflict apprears to exist, manafement and the board will meet with the individual to obtain all the facts. Subsequently a vote will ensure 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 interests must refrain from participaating in the deliberation and decision making concerning th ematter that gave rise to the conflict.”

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

“The CEO salary is reviewed and approved by the board of directors. A copy is sent to the Human Resource Manager and the employee. This is a process thet is done annually.”

Form 990, Part VI, Section C, Line 19

“The governing documetns, conflicts of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
20-4997295
Phone
7184539490

Signing Officer

Name
Jeffery Dunston
Title
President
Signed
2014-09-15
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Preparer
Ivan Armstrong CPA
Phone
2122332777
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section B, Line 11A

“Management review 990 to obtain an understanding of the reporting requirement and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the board for review. The board of directors will meet with management to discuss the 990 and resolve any questions that may arise. upon approval from the board, the 990 will be discussed.”

Form 990, Part XII, Line 2C

“There was no change in the audit review process during the year”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management review 990 to obtain an understanding of the reporting requirement and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the board for review. The board of directors will meet with management to discuss the 990 and resolve any questions that may arise. upon approval from the board, the 990 will be discussed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members, officers, and employees report annually if a conflict apprears to exist, manafement and the board will meet with the individual to obtain all the facts. Subsequently a vote will ensure 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 interests must refrain from participaating in the deliberation and decision making concerning th ematter that gave rise to the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The CEO salary is reviewed and approved by the board of directors. A copy is sent to the Human Resource Manager and the employee. This is a process thet is done annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documetns, conflicts of interest policy and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There was no change in the audit review process during the year
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10Not Applicable
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Northeast Brooklyn HDC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112737223
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Rental Property
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10132 Ralph Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode011233
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0200161
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Service Rendered
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10Northeast Brooklyn HDC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0l
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt022480305
IRS990/TotalAssetsEOYAmt021519520
IRS990/TotalAssetsGrp/BOYAmt022480305
IRS990/TotalAssetsGrp/EOYAmt021519520
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03292382
IRS990/TotalFunctionalExpensesGrp/TotalAmt03292382
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024790047
IRS990/TotalLiabilitiesEOYAmt024893133
IRS990/TotalLiabilitiesGrp/BOYAmt024790047
IRS990/TotalLiabilitiesGrp/EOYAmt024893133
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2309742
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3373613
IRS990/TotalOtherCompensationAmt0150000
IRS990/TotalProgramServiceExpensesAmt03292382
IRS990/TotalProgramServiceRevenueAmt02087032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02228511
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02228511
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022480305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021519520
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2309742
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3373613
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10132 Ralph Avenue
IRS990/USAddress/City0Brooklyn
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode011233
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeffery Dunston
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10PARK MONROE HDFC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
ReturnHeader/Filer/EIN0204997295
ReturnHeader/Filer/PhoneNum07184539490
ReturnHeader/Filer/USAddress/AddressLine10132 RALPH AVENUE
ReturnHeader/Filer/USAddress/City0BROOKLYN
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode011233
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Ivan Armstrong CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10233 Broadway Ste 2075
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode010279
ReturnHeader/PreparerPersonGrp/PhoneNum02122332777
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ivan Armstrong CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,519,520
Liabilities
$24,893,133
Net assets
-$3,373,613
Revenue
$2,228,511
Expenses
$3,292,382
Net income
-$1,063,871
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