Civic Intelligence

1068 Franklin Avenue Housing Development Fund Corporation

990 • Fiscal year 2017 • EIN 20-8317595

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

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

1.04x

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

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

19.41x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Net Margin

53rd percentile

3.5%

Higher net margin than 53% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$812,661

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 147.8% of source-year revenue.

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Asset Growth

30th percentile

-1.8%

Faster asset growth than 30% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

0.0%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$10,272,353

Down $187,090 (-1.8%) from 2016

Net Assets

Up

-$402,825

Up $19,204 (+4.6%) from 2016

Liabilities

Down

$10,675,178

Down $206,294 (-1.9%) from 2016

Revenue

Flat

$550,000

Flat from 2016

Expenses

Down

$530,796

Down $44,135 (-7.7%) from 2016

Net Income

Up

$19,204

Up $44,135 (+177%) from 2016

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

2017

Assets$10,272,353
Liabilities$10,675,178
Net Assets-$402,825

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

2017

Revenue$550,000
Expenses$530,796
Net Income$19,204
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$550,000
Mission and Program Overview

Mission

To provide emergency housing for adults in bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,987,616$9,736,096▼ $251,520
Cash and Non-Interest-Bearing Accounts$115,314$209,744▲ $94,430
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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$10,459,443$10,272,353▼ $187,090
Other Assets Total$356,513$326,513▼ $30,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,827,986$10,660,671▼ $167,315
Accounts Payable and Accrued Expenses$53,486$14,507▼ $38,979
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$10,881,472$10,675,178▼ $206,294
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-422,029$-402,825▲ $19,204
Total Net Assets Fund Balance$-422,029$-402,825▲ $19,204
Total Liabilities and Net Assets / Fund Balance$10,459,443$10,272,353▼ $187,090

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,174,404$1,886,401$10,060,805
Land$1,561,692-$1,561,692
Other Land Buildings$0$100,406$100,406
Equipment$0$28,097$28,097
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$550,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$19,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$530,796
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
Interest$276,020--$276,020
Depreciation Depletion$251,520--$251,520
Fees for Services Accounting$2,875--$2,875
Fees for Services Other$381--$381
Total Functional Expenses$530,796$0$0$530,796
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
% MILTON DERIENZO
Phone
7189914270
Address
1776 Clay Ave, Bronx, NY 10457

Signing Officer

Name
Milton Derienzo
Title
CFO
Phone
7182991100
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Russi
Formed
2006
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Joseph Perez
Phone
7328281614
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/BuildingsGrp/BookValueAmt08174404
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01886401
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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028097
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028097
IRS990ScheduleD/LandGrp/BookValueAmt01561692
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01561692
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0100406
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09736096
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2171000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt365100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt460900
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1343069
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2559045
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4316555
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt43701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TOMAS DEL RIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PAMELA MATTEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2RAUL RUSSI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Hon Hector L Diaz
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MILTON DERIENZO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CFO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1488206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2812661
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3311097
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4382139
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DISTRIBUTES THE 990 AT THE BOARD OF DIRECTORS MEETING. THE BOARD VOTES TO APPROVE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 12C

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