Civic Intelligence

Circulo Housing Development Fund Corporation

990 • Fiscal year 2021 • EIN 26-1501209

Jun 01, 2020 to May 31, 2021 • Filed on Apr 18, 2022

Organization ProfileN/A
26 West Park Ave No BLong Beach, NY 11561

(516) 431-1135

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.34x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

5.31x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Net Margin

84th percentile

23%

Higher net margin than 84% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Asset Growth

93rd percentile

32%

Faster asset growth than 93% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

14%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$2,184,731

Up $533,067 (+32%) from 2020

Net Assets

Up

$1,434,113

Up $32,449 (+2.3%) from 2020

Liabilities

Up

$750,618

Up $500,618 (+200%) from 2020

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin84th percentile

Revenue

Up

$141,476

Up $17,835 (+14%) from 2020

Expenses

Down

$109,027

Down $3,926 (-3.5%) from 2020

Net Income

Up

$32,449

Up $21,761 (+204%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$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

2021

Assets$2,184,731
Liabilities$750,618
Net Assets$1,434,113
Open 2021 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$141,476
Expenses$109,027
Net Income$32,449
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 18, 2022
Return Version
2020v4.2
Gross Receipts
$141,476
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$722,009$1,194,348▲ $472,339
Cash and Non-Interest-Bearing Accounts$52,813$118,955▲ $66,142
Accounts Receivable-$2,919-
Total Assets$1,651,664$2,184,731▲ $533,067
Other Assets Total$876,842$868,509▼ $8,333
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,000$750,000▲ $500,000
Accounts Payable and Accrued Expenses-$618-
Total Liabilities$250,000$750,618▲ $500,618
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,401,664$1,434,113▲ $32,449
Total Net Assets Fund Balance$1,401,664$1,434,113▲ $32,449
Total Liabilities and Net Assets / Fund Balance$1,651,664$2,184,731▲ $533,067

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,194,348$959,167$2,153,515
Other Assets Org$543--
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Leo FernandezPresident
Amy FloresBoard Member
Mario FigueroaBoard Member
Silvana LoyolaBoard Member
Osman CanalesSecretary
Hector MartinezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$141,320
Investment Income
$0
Other Revenue
$156
Change in Net Assets
$32,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,027
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$56,587--$56,587
Occupancy$25,354--$25,354
Insurance$14,439--$14,439
Office Expenses$1,596--$1,596
Other Expenses$275--$275
Total Functional Expenses$109,027$0$0$109,027
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
Audit committee
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
No
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 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 NO B, LONG BEACH, NY 11561

Signing Officer

Name
Hector Martinez
Title
Treasurer
Phone
5164311135
Signed
2022-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hector Martinez
Formed
2008
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Raw XML Appendix385 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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/ExplanationTxt4HDFC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXECUTIVE DIRECTOR.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TotalAssetsBOYAmt01651664
IRS990/TotalAssetsEOYAmt02184731
IRS990/TotalAssetsGrp/BOYAmt01651664
IRS990/TotalAssetsGrp/EOYAmt02184731
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0109027
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109027
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0250000
IRS990/TotalLiabilitiesEOYAmt0750618
IRS990/TotalLiabilitiesGrp/BOYAmt0250000
IRS990/TotalLiabilitiesGrp/EOYAmt0750618
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01401664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01434113
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0109027
IRS990/TotalProgramServiceRevenueAmt0141320
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0141320
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0141476
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01651664
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02184731
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026 WEST PARK AVE NO B
IRS990/USAddress/CityNm0LONG BEACH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011561
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HECTOR MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05164311135
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-18
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 NO B
ReturnHeader/Filer/USAddress/CityNm0LONG BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011561
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA 7TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02126617777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEXANDER LAZZARUOLO
ReturnHeader/ReturnTs02022-04-18T14:14:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HECTOR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARTINEZ
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,184,731
Liabilities
$750,618
Net assets
$1,434,113
Revenue
$141,476
Expenses
$109,027
Net income
$32,449
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.20$0.74$1.46$0.14$0.13$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.21$0.75$1.45$0.14$0.15$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.75$1.46$0.14$0.11$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.18$0.75$1.43$0.14$0.11$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.25$1.40$0.12$0.11$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.25$1.39$0.11$0.06$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.59$0.25$1.34$0.20$0.06$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.25$1.20$0.12$0.05$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.38$0.25$1.13$0.84$0.04$0.80