Civic Intelligence

MID-Bronx Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 23-7363423

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 16, 2020

Organization Profilewww.midbronx.org
900 Grand ConcourseBronx, NY 10451

(718) 588-8200

Siviq Scores

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

Liabilities / Assets

44th percentile

0.11x

Higher debt load relative to assets than 44% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.22x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

77th percentile

$204,413

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-7.2%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$6,333,748

Up $842,827 (+15%) from 2017

Net Assets

Up

$5,608,108

Up $645,306 (+13%) from 2017

Liabilities

Up

$725,640

Up $197,521 (+37%) from 2017

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin78th percentile

Revenue

Down

$3,270,988

Down $252,474 (-7.2%) from 2017

Expenses

Up

$2,613,190

Up $98,478 (+3.9%) from 2017

Net Income

Down

$657,798

Down $350,952 (-35%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,764,578Liabilities 2010: $525,066Net Assets 2010: $3,239,5122010Assets 2011: $3,595,774Liabilities 2011: $645,780Net Assets 2011: $2,949,9942011Assets 2012: $3,653,769Liabilities 2012: $753,286Net Assets 2012: $2,900,4832012Assets 2013: $3,740,690Liabilities 2013: $807,132Net Assets 2013: $2,933,5582013Assets 2014: $3,691,391Liabilities 2014: $568,785Net Assets 2014: $3,122,6062014Assets 2015: $4,028,562Liabilities 2015: $563,062Net Assets 2015: $3,465,5002015Assets 2016: $4,371,528Liabilities 2016: $471,302Net Assets 2016: $3,900,2262016Assets 2017: $5,490,921Liabilities 2017: $528,119Net Assets 2017: $4,962,8022017Assets 2018: $6,333,748Liabilities 2018: $725,640Net Assets 2018: $5,608,1082018Assets 2019: $7,713,814Liabilities 2019: $1,367,261Net Assets 2019: $6,346,5532019Assets 2020: $5,900,250Liabilities 2020: $764,330Net Assets 2020: $5,135,9202020Assets 2021: $6,085,137Liabilities 2021: $800,784Net Assets 2021: $5,284,3532021Assets 2022: $5,532,789Liabilities 2022: $1,107,199Net Assets 2022: $4,425,5902022Assets 2023: $5,836,858Liabilities 2023: $2,277,796Net Assets 2023: $3,559,0622023Assets 2024: $6,640,249Liabilities 2024: $3,633,153Net Assets 2024: $3,007,0962024

Highlighted filing

2018

Assets$6,333,748
Liabilities$725,640
Net Assets$5,608,108
Open 2018 Filing

Operations Trend

Revenue Growth23rd percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $3,084,3962010Expenses 2011: $2,989,2872011Expenses 2012: $2,784,5032012Expenses 2013: $2,896,6642013Revenue 2014: $3,163,701Expenses 2014: $2,982,782Net Income 2014: $180,9192014Revenue 2015: $3,209,952Expenses 2015: $2,774,124Net Income 2015: $435,8282015Revenue 2016: $3,116,592Expenses 2016: $2,629,519Net Income 2016: $487,0732016Revenue 2017: $3,523,462Expenses 2017: $2,514,712Net Income 2017: $1,008,7502017Revenue 2018: $3,270,988Expenses 2018: $2,613,190Net Income 2018: $657,7982018Revenue 2019: $3,318,322Expenses 2019: $2,579,877Net Income 2019: $738,4452019Revenue 2020: $3,289,916Expenses 2020: $2,920,552Net Income 2020: $369,3642020Revenue 2021: $3,561,955Expenses 2021: $2,433,653Net Income 2021: $1,128,3022021Revenue 2022: $3,021,247Expenses 2022: $2,624,445Net Income 2022: $396,8022022Revenue 2023: $3,243,386Expenses 2023: $3,749,294Net Income 2023: -$505,9082023Revenue 2024: $3,611,911Expenses 2024: $3,000,216Net Income 2024: $611,6952024

Highlighted filing

2018

Revenue$3,270,988
Expenses$2,613,190
Net Income$657,798
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 16, 2020
Return Version
2017v2.2
Gross Receipts
$3,270,988
Mission and Program Overview

Mission

Mid-Bronx HDFC was organized exclusively for the charitable purpose of developing housing for persons of low income located in the Bronx, NY. on Tax Block 2522 Lot 43, 47, 49, 51, 53, 55, 100, 115, 117, 123, 124, Tax Block 2523 Lot 43 and Tax Block 2525 Lots 7 and 11.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,821,095$2,479,257▲ $658,162
Cash and Non-Interest-Bearing Accounts$880,661$953,698▲ $73,037
Investments in Publicly Traded Securities$324,464$316,342▼ $8,122
Investments Other Securities$133,334$133,334→ $0
Savings and Temporary Cash Investments$108,048$108,048→ $0
Land, Buildings, and Equipment, Net$88,450$46,638▼ $41,812
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,490,921$6,333,748▲ $842,827
Other Assets Total$2,134,869$2,296,431▲ $161,562
Liabilities
Other Liabilities$265,172$387,950▲ $122,778
Accounts Payable and Accrued Expenses$262,947$337,690▲ $74,743
Total Liabilities$528,119$725,640▲ $197,521
Net Assets / Fund Balance
Unrestricted Net Assets$4,962,802$5,608,108▲ $645,306
Total Net Assets Fund Balance$4,962,802$5,608,108▲ $645,306
Total Liabilities and Net Assets / Fund Balance$5,490,921$6,333,748▲ $842,827

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$46,632$222,767$269,399
Equipment-$161,602$161,602
Buildings-$151,675$151,675
Leasehold Improvements-$148,480$148,480
Land$6-$6
Other Assets Org$905--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Raymond JonesChairman
Mary ColemanVice Chair
Dr Madan PaulMember
Jeanette PuryearTreasurer/Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,201,779
Investment Income
$57,052
Other Revenue
$12,157
Change in Net Assets
$657,798

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,270,988
Revenue Not Reported on Form 990
$-12,492
Total Revenue per Audited Statements
$3,258,496
Total Revenue per Form 990
$3,270,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,925,346
Salaries, Compensation, and Employee Benefits$687,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$838,959--$838,959
Other Salaries and Wages$445,270$125,623-$570,893
Fees for Services Management-$239,862-$239,862
Insurance$190,990--$190,990
Office Expenses$54,054$69,892-$123,946
Fees for Services Other-$90,285-$90,285
Other Employee Benefits$56,780$20,747-$77,527
Depreciation Depletion$41,812--$41,812
Payroll Taxes$26,810$9,247-$36,057
Other Expenses$20,458--$20,458
Fees for Services Accounting-$18,000-$18,000
Conferences and Meetings-$16,250-$16,250
Fees for Services Legal-$13,388-$13,388
Information Technology$7,300--$7,300
Pension Plan Contributions$3,367--$3,367
Travel-$1,369-$1,369
Total Functional Expenses$2,008,527$604,663$0$2,613,190

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,613,190
Total Expenses per Audited Statements$2,613,190
Total Expenses per Form 990$2,613,190
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$199,154
Tenant security deposits payable$188,796
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
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, Line 11B: Form 990 Review Process

“The organization's 990 is prepared by its auditing firm and reviewed by the executive director and deputy fiscal director of Mid-bronx Senior Citizens Council, Inc.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“At the beginning of each year the individual board members are asked to disclose any conflict of interest. In addition, the board members are required to disclose any conflict of interest during the course of the year. Should any conflict of interest or potential conflict of interest arise board members has to refrain from voting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization's 990 is available upon request at their office. The organization makes those of its governing documents and financial statements that are included in publicly available tax forms available for inspection, upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Mid-Bronx Housing Development Fund
EIN
23-7363423
Phone
7185888200
Address
900 GRAND CONCOURSE, BRONX, NY 10451

Signing Officer

Name
Jeanette Puryear
Title
Treasurer/Secretary
Signed
2020-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Puryear
Formed
1974
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
31
Volunteers
3

Preparer

Firm
Watsonrice Llp
Address
5 PENN PLZ 15TH FL, NEW YORK, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Amended Explanation

“To amendend return to agree with 6/30/18 audited financial statements.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States of America, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018 and 2017.”

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012157
IRS990/OtherRevenueTotalAmt012157
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0125623
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0445270
IRS990/OtherSalariesAndWagesGrp/TotalAmt0570893
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09247
IRS990/PayrollTaxesGrp/ProgramServicesAmt026810
IRS990/PayrollTaxesGrp/TotalAmt036057
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03367
IRS990/PensionPlanContributionsGrp/TotalAmt03367
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JEANETTE PURYEAR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03201779
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03201779
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt054393
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02112079
IRS990/PYOtherRevenueAmt0254326
IRS990/PYProgramServiceRevenueAmt03214743
IRS990/PYRevenuesLessExpensesAmt01008750
IRS990/PYSalariesCompEmpBnftPaidAmt0402633
IRS990/PYTotalExpensesAmt02514712
IRS990/PYTotalRevenueAmt03523462
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0657798
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03201779
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108048
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108048
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt057052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt054393
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt058033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt052343
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt030268
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0252089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03201779
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03214743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03013704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03008893
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02957007
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015396126
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt012157
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt040971
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt044855
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt091716
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt099426
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0289125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt057052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt054393
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt058033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt052343
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt030268
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0252089
IRS990ScheduleA/InvestmentIncomeCYPct00.01550
IRS990ScheduleA/InvestmentIncomePYPct00.01310
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0213355
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt057000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt076279
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0346634
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96320
IRS990ScheduleA/PublicSupportPY509Pct00.95570
IRS990ScheduleA/PublicSupportTotal509Amt015685251
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03213936
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03255714
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03058559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03100609
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03056433
IRS990ScheduleA/Total509Grp/TotalAmt015685251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03270988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03523462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03116592
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03209952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03162980
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt016283974
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0151675
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0151675
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161602
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0161602
IRS990ScheduleD/ExpensesSubtotalAmt02613190
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0148480
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0148480
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-12492
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023307
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11450192
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26723
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3626508
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4188796
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5905
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Affiliates
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Operating reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Other Current Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046632
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0222767
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0269399
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0199154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1188796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits payable
IRS990ScheduleD/RevenueNotReportedAmt0-12492
IRS990ScheduleD/RevenueSubtotalAmt03270988
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States of America, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018 and 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt046638
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02296431
IRS990ScheduleD/TotalExpensesPerForm990Amt02613190
IRS990ScheduleD/TotalLiabilityAmt0387950
IRS990ScheduleD/TotalRevenuePerForm990Amt03270988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03258496
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02613190
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0167226
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt037187
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEANETTE PURYEAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer/Sec
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0204413
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's 990 is prepared by its auditing firm and reviewed by the executive director and deputy fiscal director of Mid-bronx Senior Citizens Council, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE BEGINNING OF EACH YEAR THE INDIVIDUAL BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICT OF INTEREST. IN ADDITION, THE BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST DURING THE COURSE OF THE YEAR. SHOULD ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST ARISE BOARD MEMBERS HAS TO REFRAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's 990 is available upon request at their office. The organization makes those of its governing documents and financial statements that are included in publicly available tax forms available for inspection, upon request at the organization's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3To amendend return to agree with 6/30/18 audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,333,748
Liabilities
$725,640
Net assets
$5,608,108
Revenue
$3,270,988
Expenses
$2,613,190
Net income
$657,798
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.64$3.63$3.01$3.61$3.00$0.61
2023Detailed filing. Detailed filing data is available for this year.$5.84$2.28$3.56$3.24$3.75$0.51
2022Detailed filing. Detailed filing data is available for this year.$5.53$1.11$4.43$3.02$2.62$0.40
2021Detailed filing. Detailed filing data is available for this year.$6.09$0.80$5.28$3.56$2.43$1.13
2020Detailed filing. Detailed filing data is available for this year.$5.90$0.76$5.14$3.29$2.92$0.37
2019Detailed filing. Detailed filing data is available for this year.$7.71$1.37$6.35$3.32$2.58$0.74
2018Detailed filing. Detailed filing data is available for this year.$6.33$0.73$5.61$3.27$2.61$0.66
2017Detailed filing. Detailed filing data is available for this year.$5.49$0.53$4.96$3.52$2.51$1.01
2016Detailed filing. Detailed filing data is available for this year.$4.37$0.47$3.90$3.12$2.63$0.49
2015Detailed filing. Detailed filing data is available for this year.$4.03$0.56$3.47$3.21$2.77$0.44
2014Detailed filing. Detailed filing data is available for this year.$3.69$0.57$3.12$3.16$2.98$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.81$2.93$2.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.75$2.90$2.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.65$2.95$2.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.53$3.24$3.08