Civic Intelligence

Highbridge-Tpt Housing Development

EIN 20-5262130 • 501(c)3 • Bronx, NY

Profile

To build low income housing

1465 Nelson Avenue Rmste Ste ABronx, NY 10452

n/A

Siviq Scores

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

Liabilities / Assets

85th percentile

1.49x

Higher debt load relative to assets than 85% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

17.89x

Higher debt load relative to revenue than 92% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-55%

Higher net margin than 18% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$311,847

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 160.2% of source-year revenue.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Asset Growth

38th percentile

-3.1%

Faster asset growth than 38% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

0.8%

Faster revenue growth than 34% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,334,944

Down $73,868 (-3.1%) from 2023

Liabilities

Up

$3,482,770

Up $32,602 (+0.9%) from 2023

Net Assets

Down

-$1,147,826

Down $106,470 (-10%) from 2023

Revenue

Up

$194,662

Up $1,510 (+0.8%) from 2023

Expenses

Up

$301,132

Up $12,851 (+4.5%) from 2023

Net Income

Down

-$106,470

Down $11,341 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $3,423,258Liabilities 2011: $3,487,718Net Assets 2011: -$64,4602011Assets 2012: $3,342,656Liabilities 2012: $3,460,723Net Assets 2012: -$118,0672012Assets 2013: $3,270,273Liabilities 2013: $3,444,874Net Assets 2013: -$174,6012013Assets 2015: $3,150,678Liabilities 2015: $3,433,560Net Assets 2015: -$282,8822015Assets 2016: $3,084,185Liabilities 2016: $3,445,052Net Assets 2016: -$360,8672016Assets 2017: $2,972,126Liabilities 2017: $3,419,750Net Assets 2017: -$447,6242017Assets 2018: $2,896,765Liabilities 2018: $3,423,593Net Assets 2018: -$526,8282018Assets 2019: $2,785,398Liabilities 2019: $3,406,212Net Assets 2019: -$620,8142019Assets 2020: $2,685,249Liabilities 2020: $3,403,498Net Assets 2020: -$718,2492020Assets 2021: $2,578,072Liabilities 2021: $3,413,796Net Assets 2021: -$835,7242021Assets 2022: $2,458,173Liabilities 2022: $3,404,400Net Assets 2022: -$946,2272022Assets 2023: $2,408,812Liabilities 2023: $3,450,168Net Assets 2023: -$1,041,3562023Assets 2024: $2,334,944Liabilities 2024: $3,482,770Net Assets 2024: -$1,147,8262024

Highlighted filing

2024

Assets$2,334,944
Liabilities$3,482,770
Net Assets-$1,147,826

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $162,755Expenses 2011: $208,617Net Income 2011: -$45,8622011Revenue 2012: $166,048Expenses 2012: $219,655Net Income 2012: -$53,6072012Revenue 2013: $168,651Expenses 2013: $225,185Net Income 2013: -$56,5342013Revenue 2015: $175,051Expenses 2015: $228,756Net Income 2015: -$53,7052015Revenue 2016: $176,088Expenses 2016: $254,073Net Income 2016: -$77,9852016Revenue 2017: $173,806Expenses 2017: $260,563Net Income 2017: -$86,7572017Revenue 2018: $180,201Expenses 2018: $259,405Net Income 2018: -$79,2042018Revenue 2019: $174,751Expenses 2019: $268,737Net Income 2019: -$93,9862019Revenue 2020: $175,917Expenses 2020: $273,352Net Income 2020: -$97,4352020Revenue 2021: $186,383Expenses 2021: $303,858Net Income 2021: -$117,4752021Revenue 2022: $186,872Expenses 2022: $297,375Net Income 2022: -$110,5032022Revenue 2023: $193,152Expenses 2023: $288,281Net Income 2023: -$95,1292023Revenue 2024: $194,662Expenses 2024: $301,132Net Income 2024: -$106,4702024

Highlighted filing

2024

Revenue$194,662
Expenses$301,132
Net Income-$106,470

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
$194,662
Mission and Program Overview

Mission

To build low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,216,641$2,132,554▼ $84,087
Intangible Assets$56,033$49,041▼ $6,992
Prepaid Expenses and Deferred Charges$18,632$22,488▲ $3,856
Accounts Receivable$20,974$13,391▼ $7,583
Cash and Non-Interest-Bearing Accounts$10,037$10,422▲ $385
Total Assets$2,408,812$2,334,944▼ $73,868
Other Assets Total$86,495$107,048▲ $20,553
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,327,717$3,314,777▼ $12,940
Other Liabilities$76,613$98,343▲ $21,730
Accounts Payable and Accrued Expenses$29,761$53,573▲ $23,812
Escrow Account Liability$16,077$16,077→ $0
Total Liabilities$3,450,168$3,482,770▲ $32,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,041,356$-1,147,826▼ $106,470
Total Net Assets Fund Balance$-1,041,356$-1,147,826▼ $106,470
Total Liabilities and Net Assets / Fund Balance$2,408,812$2,334,944▼ $73,868

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,119,099$1,161,599$3,280,698
Equipment$13,455$7,245$20,700
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$194,662
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-106,470

Audited Revenue Reconciliation

Revenue per Audited Statements
$194,662
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$194,662
Total Revenue per Form 990
$194,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,038
Salaries, Compensation, and Employee Benefits$11,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,079--$91,079
Interest$36,463--$36,463
Insurance$20,288--$20,288
Fees for Services Accounting-$11,141-$11,141
Other Expenses$9,996--$9,996
Other Salaries and Wages$8,890--$8,890
Fees for Services Management-$7,900-$7,900
All Other Expenses$6,245--$6,245
Fees for Services Other$4,027--$4,027
Other Employee Benefits$1,314--$1,314
Payroll Taxes$890--$890
Fees for Services Legal$519--$519
Total Functional Expenses$282,091$19,041$0$301,132

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$301,132
Total Expenses per Audited Statements$301,132
Total Expenses per Form 990$301,132
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Affiliate$98,343
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization is managed by highbridge community development corp, which manages the books and records of the organization as well as the day-to-day operations.

Form 990, Part VI, Section B, Line 11B

The organization's 990 is reviewed by the audit and finance commitee before it is finalized and issued.

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

The organization regularly sends out an annual questionnaire to the board members and staff.

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

The organization's process for determining compensation is performed by the board of directors, reviews and approves the compensation on an annual basis. All employees are currently under a collective bargaining agreement.

Form 990, Part VI, Section C, Line 19

Documents, which are public records, are available from the ny secretary of state.

Filing and Contact Details

Filer

Filer Name
Highbridge-tpt Housing Development
EIN
20-5262130
Phone
7182933100
Address
1465 NELSON AVENUE RMSTE STE A, BRONX, NY 10452

Signing Officer

Name
Donna Smith
Title
CFO
Phone
7182933100
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kobina Arhin
Formed
2006
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once they move out of the apartment.

Raw XML AppendixShowing 400 of 762 raw XML fields

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0175917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0936986
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0936986
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0194662
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0193152
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0186872
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0186383
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0175917
IRS990ScheduleA/Total509Grp/TotalAmt0936986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0194662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0193152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0186872
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0186383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0175917
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0936986
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02119099
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01161599
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03280698
IRS990ScheduleD/EquipmentGrp/BookValueAmt013455
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07245
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020700
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0301132
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0194662
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02132554
IRS990ScheduleD/TotalExpensesPerForm990Amt0301132
IRS990ScheduleD/TotalLiabilityAmt098343
IRS990ScheduleD/TotalRevenuePerForm990Amt0194662
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0194662
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0301132
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0311847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1184239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KOBINA ARHIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DONNA M SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0311847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1184239
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY HIGHBRIDGE COMMUNITY DEVELOPMENT CORP, WHICH MANAGES THE BOOKS AND RECORDS OF THE ORGANIZATION AS WELL AS THE DAY-TO-DAY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITEE BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY SENDS OUT AN ANNUAL QUESTIONNAIRE TO THE BOARD MEMBERS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION IS PERFORMED BY THE BOARD OF DIRECTORS, REVIEWS AND APPROVES THE COMPENSATION ON AN ANNUAL BASIS. ALL EMPLOYEES ARE CURRENTLY UNDER A COLLECTIVE BARGAINING AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS, WHICH ARE PUBLIC RECORDS, ARE AVAILABLE FROM THE NY SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd80
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN8462188889
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt7C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt8C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY

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