Civic Intelligence

1068 Franklin Avenue Housing Development Fund Corporation

990 • Fiscal year 2014 • EIN 20-8317595

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

1776 Clay AveBronx, NY 10457

(718) 991-4270

Siviq Scores

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

Liabilities / Assets

79th percentile

1.03x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

10.38x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Net Margin

38th percentile

-5.5%

Higher net margin than 38% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$526,208

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 48.7% of source-year revenue.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$10,857,708

No earlier filing loaded for comparison.

Net Assets

-$357,649

No earlier filing loaded for comparison.

Liabilities

$11,215,357

No earlier filing loaded for comparison.

Revenue

$1,080,310

No earlier filing loaded for comparison.

Expenses

$1,139,717

No earlier filing loaded for comparison.

Net Income

-$59,407

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $10,857,708Liabilities 2014: $11,215,357Net Assets 2014: -$357,6492014Assets 2016: $10,459,443Liabilities 2016: $10,881,472Net Assets 2016: -$422,0292016Assets 2017: $10,272,353Liabilities 2017: $10,675,178Net Assets 2017: -$402,8252017Assets 2018: $10,085,701Liabilities 2018: $10,484,030Net Assets 2018: -$398,3292018Assets 2019: $9,900,517Liabilities 2019: $10,282,141Net Assets 2019: -$381,6242019Assets 2020: $9,713,476Liabilities 2020: $10,082,794Net Assets 2020: -$369,3182020Assets 2021: $9,526,273Liabilities 2021: $9,983,079Net Assets 2021: -$456,8062021Assets 2022: $9,420,420Liabilities 2022: $9,910,001Net Assets 2022: -$489,5812022Assets 2023: $9,284,962Liabilities 2023: $9,698,824Net Assets 2023: -$413,8622023Assets 2024: $9,067,858Liabilities 2024: $9,174,144Net Assets 2024: -$106,2862024

Highlighted filing

2014

Assets$10,857,708
Liabilities$11,215,357
Net Assets-$357,649

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,080,310Expenses 2014: $1,139,717Net Income 2014: -$59,4072014Revenue 2016: $550,000Expenses 2016: $574,931Net Income 2016: -$24,9312016Revenue 2017: $550,000Expenses 2017: $530,796Net Income 2017: $19,2042017Revenue 2018: $550,000Expenses 2018: $545,504Net Income 2018: $4,4962018Revenue 2019: $550,000Expenses 2019: $533,295Net Income 2019: $16,7052019Revenue 2020: $550,000Expenses 2020: $537,694Net Income 2020: $12,3062020Revenue 2021: $550,000Expenses 2021: $637,488Net Income 2021: -$87,4882021Revenue 2022: $550,000Expenses 2022: $582,775Net Income 2022: -$32,7752022Revenue 2023: $650,000Expenses 2023: $574,281Net Income 2023: $75,7192023Revenue 2024: $907,077Expenses 2024: $603,413Net Income 2024: $303,6642024

Highlighted filing

2014

Revenue$1,080,310
Expenses$1,139,717
Net Income-$59,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,080,310
Mission and Program Overview

Mission

To provide emergency housing for adults in bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,780,727$10,503,506▼ $277,221
Cash and Non-Interest-Bearing Accounts$130,862$120,637▼ $10,225
Accounts Receivable$91,668$0▼ $91,668
Savings and Temporary Cash Investments$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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$11,063,257$10,857,708▼ $205,549
Other Assets Total$60,000$233,565▲ $173,565
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,311,766$11,161,233▼ $150,533
Accounts Payable and Accrued Expenses$49,733$54,124▲ $4,391
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,361,499$11,215,357▼ $146,142
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-298,242$-357,649▼ $59,407
Total Net Assets Fund Balance$-298,242$-357,649▼ $59,407
Total Liabilities and Net Assets / Fund Balance$11,063,257$10,857,708▼ $205,549

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,928,964$1,131,841$10,060,805
Land$1,561,692-$1,561,692
Other Land Buildings$10,041$90,365$100,406
Equipment$2,809$25,288$28,097
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eduardo AlayonChair
Hector L DiazPresident
Dr Saroj BakshiMedical Director
Adriene RosellAdministrator
Raul RussiCEO
Tomas Del RioCFO
David CollymoreChief Medical Officer
Pamela MattelCOO
Peter MarcusPhysician
Ingle StephensSecretary
Pedro FalconTreasurer
Ralph DecletVP of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,080,310
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-59,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,139,717
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$529,875--$529,875
Interest$327,738--$327,738
Depreciation Depletion$277,221--$277,221
Fees for Services Accounting$4,800--$4,800
Office Expenses$83--$83
Total Functional Expenses$1,139,717$0$0$1,139,717
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

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

The organization distributes the 990 at the board of directors meeting. The board votes to approve the 990.

Filing and Contact Details

Filer

Filer Name
1068 Franklin Avenue HDFC
EIN
20-8317595
In Care Of
% TOMAS DEL RIO
Phone
7189914270
Address
1776 Clay Ave, Bronx, NY 10457

Signing Officer

Name
Raul Russi
Title
CEO
Phone
7189914270
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Russi
Formed
2006
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
Joseph Perez
Phone
7328281614
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt319500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt410331

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