Civic Intelligence

Circulo Housing Development Fund

EIN 26-1501209 • 501(c)3 • Long Beach, NY

Profile

The mission of circulo housing development fund corporation ("hdfc") is to develop and operate housing for underserved individuals and families helping them improve their lives through housing stability.

26 West Park Ave BLong Beach, NY 11561

n/A

Siviq Scores

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

Liabilities / Assets

76th percentile

0.34x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

5.32x

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

1.6%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

0.2%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,203,506

Down $2,333 (-0.1%) from 2023

Liabilities

Down

$739,041

Down $12,347 (-1.6%) from 2023

Net Assets

Up

$1,464,465

Up $10,014 (+0.7%) from 2023

Revenue

Up

$144,601

Up $608 (+0.4%) from 2023

Expenses

Down

$134,587

Down $19,290 (-13%) from 2023

Net Income

Up

$10,014

Up $19,898 (+201%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $1,376,642Liabilities 2016: $250,000Net Assets 2016: $1,126,6422016Assets 2017: $1,445,722Liabilities 2017: $250,000Net Assets 2017: $1,195,7222017Assets 2018: $1,588,598Liabilities 2018: $250,000Net Assets 2018: $1,338,5982018Assets 2019: $1,640,976Liabilities 2019: $250,000Net Assets 2019: $1,390,9762019Assets 2020: $1,651,664Liabilities 2020: $250,000Net Assets 2020: $1,401,6642020Assets 2021: $2,184,731Liabilities 2021: $750,618Net Assets 2021: $1,434,1132021Assets 2022: $2,218,706Liabilities 2022: $754,371Net Assets 2022: $1,464,3352022Assets 2023: $2,205,839Liabilities 2023: $751,388Net Assets 2023: $1,454,4512023Assets 2024: $2,203,506Liabilities 2024: $739,041Net Assets 2024: $1,464,4652024

Highlighted filing

2024

Assets$2,203,506
Liabilities$739,041
Net Assets$1,464,465

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $844,402Expenses 2016: $43,294Net Income 2016: $801,1082016Revenue 2017: $115,487Expenses 2017: $46,407Net Income 2017: $69,0802017Revenue 2018: $202,471Expenses 2018: $59,595Net Income 2018: $142,8762018Revenue 2019: $113,721Expenses 2019: $61,343Net Income 2019: $52,3782019Revenue 2020: $123,641Expenses 2020: $112,953Net Income 2020: $10,6882020Revenue 2021: $141,476Expenses 2021: $109,027Net Income 2021: $32,4492021Revenue 2022: $141,749Expenses 2022: $111,527Net Income 2022: $30,2222022Revenue 2023: $143,993Expenses 2023: $153,877Net Income 2023: -$9,8842023Revenue 2024: $144,601Expenses 2024: $134,587Net Income 2024: $10,0142024

Highlighted filing

2024

Revenue$144,601
Expenses$134,587
Net Income$10,014

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$144,601
Mission and Program Overview

Mission

The mission of circulo housing development fund corporation ("hdfc") is to develop and operate housing for underserved individuals and families helping them improve their lives through housing stability.

Develop & operate housing for underserved individuals & families helping them improve their lives through housing stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,181,216$1,145,887▼ $35,329
Cash and Non-Interest-Bearing Accounts$152,631$96,143▼ $56,488
Accounts Receivable$5,211$14,839▲ $9,628
Total Assets$2,205,839$2,203,506▼ $2,333
Other Assets Total$866,781$946,637▲ $79,856
Liabilities
Mortgage Notes Payable Secured by Investment Property$750,000$725,040▼ $24,960
Accounts Payable and Accrued Expenses$1,388$14,001▲ $12,613
Total Liabilities$751,388$739,041▼ $12,347
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,454,451$1,464,465▲ $10,014
Total Net Assets Fund Balance$1,454,451$1,464,465▲ $10,014
Total Liabilities and Net Assets / Fund Balance$2,205,839$2,203,506▼ $2,333

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,145,887$1,161,575$2,307,462
Other Assets Org$144,813--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leo FernandezPresident
Amy FloresBoard Member
Jimmy PerezBoard Member
Osman CanalesBoard Member
Silvana LoyolaBoard Member
Evelyn BibilashviliSecretary
Hector MartinezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$143,408
Investment Income
$611
Other Revenue
$582
Change in Net Assets
$10,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,587
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
Depreciation Depletion$75,326--$75,326
Occupancy$27,074--$27,074
Insurance$22,049--$22,049
Fees for Services Accounting$1,517--$1,517
Fees for Services Legal$733--$733
Other Expenses$339--$339
Office Expenses$170--$170
Travel$23--$23
Total Functional Expenses$134,587$0$0$134,587
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Circulo housing development fund corporation ("hdfc") was established as a membership organization. Circulo de la hispanidad, inc. ("circulo") is the sole member.

Form 990, Part VI, Section A, Line 7A

Circulo, the sole member, shall elect the directors of hdfc and reserves the power to remove the directors at any time with or without cause.

Form 990, Part VI, Section A, Line 7B

The power to amend the certificate of incorporation is reserved to circulo.

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

Hdfc has the form 990 reviewed by an outside cpa prior to submission to the internal revenue service.

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

Members self-disclose if there is a conflict of interest. This is monitored by self-disclosure where any votes are taken.

Form 990, Part VI, Section C, Line 19

Hdfc makes its governing documents, conflict of interest policy, or financial statements available to the public upon request to the executive director.

Filing and Contact Details

Filer

Filer Name
Circulo Housing Development Fund
EIN
26-1501209
Phone
5164311135
Address
26 WEST PARK AVE B, LONG BEACH, NY 11561

Signing Officer

Name
Hector Martinez
Title
Treasurer
Phone
5164311135
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hector Martinez
Formed
2008
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0801824
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1144813
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01145887
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0946637
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CIRCULO HOUSING DEVELOPMENT FUND CORPORATION ("HDFC") WAS ESTABLISHED AS A MEMBERSHIP ORGANIZATION. CIRCULO DE LA HISPANIDAD, INC. ("CIRCULO") IS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CIRCULO, THE SOLE MEMBER, SHALL ELECT THE DIRECTORS OF HDFC AND RESERVES THE POWER TO REMOVE THE DIRECTORS AT ANY TIME WITH OR WITHOUT CAUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POWER TO AMEND THE CERTIFICATE OF INCORPORATION IS RESERVED TO CIRCULO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HDFC HAS THE FORM 990 REVIEWED BY AN OUTSIDE CPA PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS SELF-DISCLOSE IF THERE IS A CONFLICT OF INTEREST. THIS IS MONITORED BY SELF-DISCLOSURE WHERE ANY VOTES ARE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HDFC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CIRCULO DE LA HISPANIDAD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112525327
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT SVCS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt026 WEST PARK AVENUE SUITE B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LONG BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011561
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02205839
IRS990/TotalAssetsEOYAmt02203506
IRS990/TotalAssetsGrp/BOYAmt02205839
IRS990/TotalAssetsGrp/EOYAmt02203506
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134587
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134587
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0751388
IRS990/TotalLiabilitiesEOYAmt0739041
IRS990/TotalLiabilitiesGrp/BOYAmt0751388
IRS990/TotalLiabilitiesGrp/EOYAmt0739041
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01454451
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01464465
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0134587
IRS990/TotalProgramServiceRevenueAmt0143408
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01193
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0143408
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0144601
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02205839
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02203506
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt023
IRS990/TravelGrp/TotalAmt023
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026 WEST PARK AVE B
IRS990/USAddress/CityNm0LONG BEACH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011561
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HECTOR MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05164311135
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CIRCULO HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CIRC
ReturnHeader/Filer/EIN0261501209
ReturnHeader/Filer/PhoneNum05164311135
ReturnHeader/Filer/USAddress/AddressLine1Txt026 WEST PARK AVE B
ReturnHeader/Filer/USAddress/CityNm0LONG BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011561
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA 7TH FL

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