Civic Intelligence

Stanton Norfolk Inc.

990 • Fiscal year 2014 • EIN 26-1880608

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 10, 2015

141 Norfolk St Ground FloorNew York, NY 10002

(212) 477-2265

Siviq Scores

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

Liabilities / Assets

27th percentile

0.11x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.09x

Higher debt load relative to revenue than 4% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Net Margin

79th percentile

15%

Higher net margin than 79% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

88th percentile

$258,624

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

93rd percentile

21%

Faster asset growth than 93% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

5.4%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,693,414

Up $297,604 (+21%) from 2013

Net Assets

Up

$1,514,729

Up $295,960 (+24%) from 2013

Liabilities

Up

$178,685

Up $1,644 (+0.9%) from 2013

Revenue

Up

$1,953,550

Up $99,546 (+5.4%) from 2013

Expenses

Up

$1,657,590

Up $128,047 (+8.4%) from 2013

Net Income

Down

$295,960

Down $28,501 (-8.8%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $781,692Liabilities 2011: $149,584Net Assets 2011: $632,1082011Assets 2012: $1,481,717Liabilities 2012: $587,409Net Assets 2012: $894,3082012Assets 2013: $1,395,810Liabilities 2013: $177,041Net Assets 2013: $1,218,7692013Assets 2014: $1,693,414Liabilities 2014: $178,685Net Assets 2014: $1,514,7292014Assets 2015: $2,052,686Liabilities 2015: $193,725Net Assets 2015: $1,858,9612015Assets 2016: $2,513,510Liabilities 2016: $234,056Net Assets 2016: $2,279,4542016Assets 2017: $2,943,637Liabilities 2017: $274,532Net Assets 2017: $2,669,1052017Assets 2018: $3,312,664Liabilities 2018: $309,964Net Assets 2018: $3,002,7002018Assets 2019: $3,605,014Liabilities 2019: $315,916Net Assets 2019: $3,289,0982019Assets 2020: $3,888,074Liabilities 2020: $971,820Net Assets 2020: $2,916,2542020Assets 2021: $4,619,975Liabilities 2021: $861,104Net Assets 2021: $3,758,8712021Assets 2022: $5,562,206Liabilities 2022: $1,361,964Net Assets 2022: $4,200,2422022Assets 2023: $5,610,868Liabilities 2023: $1,150,310Net Assets 2023: $4,460,5582023Assets 2024: $5,367,877Liabilities 2024: $1,148,706Net Assets 2024: $4,219,1712024

Highlighted filing

2014

Assets$1,693,414
Liabilities$178,685
Net Assets$1,514,729

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $805,4602011Expenses 2012: $1,313,4172012Revenue 2013: $1,854,004Expenses 2013: $1,529,543Net Income 2013: $324,4612013Revenue 2014: $1,953,550Expenses 2014: $1,657,590Net Income 2014: $295,9602014Revenue 2015: $2,169,190Expenses 2015: $1,824,958Net Income 2015: $344,2322015Revenue 2016: $2,256,906Expenses 2016: $1,836,413Net Income 2016: $420,4932016Revenue 2017: $2,316,999Expenses 2017: $1,927,348Net Income 2017: $389,6512017Revenue 2018: $2,529,741Expenses 2018: $2,172,113Net Income 2018: $357,6282018Revenue 2019: $3,432,741Expenses 2019: $3,146,343Net Income 2019: $286,3982019Revenue 2020: $3,313,282Expenses 2020: $3,686,126Net Income 2020: -$372,8442020Revenue 2021: $4,265,689Expenses 2021: $3,423,072Net Income 2021: $842,6172021Revenue 2022: $4,641,919Expenses 2022: $4,200,548Net Income 2022: $441,3712022Revenue 2023: $4,998,959Expenses 2023: $4,738,643Net Income 2023: $260,3162023Revenue 2024: $4,889,549Expenses 2024: $5,130,936Net Income 2024: -$241,3872024

Highlighted filing

2014

Revenue$1,953,550
Expenses$1,657,590
Net Income$295,960
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$1,953,550
Mission and Program Overview

Mission

To promote, preserve, manage, and maintain affordable housing; provide assistance and space for small businesses that benefit the community; and to co-ordinate related tenant services.

Stanton norfolk inc., ("stanton") was established to promote affordable housing by assisting tenants to obtain and maintain qualification for government and private housing assistance programs, acting as liaison between tenants and building owners, and crafting solutions to allow tenants with financial or other problems to avoid eviction. Stanton manages all of its parent organization, asian americans for equality, inc.'s ("aafe") housing developments. Currently, stanton oversees in excess of 500 affordable housing units located in lower manhattan. Aafe and its limited partnerships have entered into several property management agreements with stanton to provide for, among other matters, tenant assistance, property administration, rental management and repair, and staff supervision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,311,999$1,079,299▼ $232,700
Accounts Receivable$38,565$31,645▼ $6,920
Land, Buildings, and Equipment, Net$4,310$26,753▲ $22,443
Prepaid Expenses and Deferred Charges$5,124$6,643▲ $1,519
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Total Assets$1,395,810$1,693,414▲ $297,604
Other Assets Total$35,562$548,824▲ $513,262
Liabilities
Accounts Payable and Accrued Expenses$173,300$176,435▲ $3,135
Other Liabilities$3,741$2,250▼ $1,491
Total Liabilities$177,041$178,685▲ $1,644
Net Assets / Fund Balance
Unrestricted Net Assets$1,218,769$1,514,729▲ $295,960
Total Net Assets Fund Balance$1,218,769$1,514,729▲ $295,960
Total Liabilities and Net Assets / Fund Balance$1,395,810$1,693,414▲ $297,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,753$8,364$35,117
Other Assets Org$548,824--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred HungChief Financial Officer (former)--$113,818$113,818
Hsueh Lam YanVice PresidentPT$86,144$8,059$94,203
Christopher KuiPresident-$60,000$209$60,209

Board Members and Trustees

NameTitle
Thomas YuSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,945,387
Investment Income
$8,163
Other Revenue
$0
Change in Net Assets
$295,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,953,550
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,953,550
Total Revenue per Form 990
$1,953,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,084,469
Other Expenses$573,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$576,689$124,915-$701,604
Occupancy$243,019--$243,019
Other Employee Benefits$135,738$28,299-$164,037
Current Officers, Directors, Trustees, and Key Employees$47,389$107,829-$155,218
Fees for Services Management$53,000$84,000-$137,000
Office Expenses$69,265$23,089-$92,354
Payroll Taxes$51,598$12,012-$63,610
Fees for Services Accounting-$12,750-$12,750
Other Expenses$9,370$3,123-$12,493
Insurance$10,550$1,760-$12,310
Fees for Services Other$8,250--$8,250
Fees for Services Legal$6,370--$6,370
Depreciation Depletion$1,415$471-$1,886
Total Functional Expenses$1,251,505$406,085$0$1,657,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,657,590
Total Expenses per Audited Statements$1,657,590
Total Expenses per Form 990$1,657,590
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$2,250
Governance and Compliance

Governance Checklist

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

Stanton norfolk, inc. Is a membership organization with asian americans for equality, inc. As a sole member.

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

Asian americans for equality, inc., being the sole member, is entitled to appoint the directors; provided, however, that in the event that additional persons are accepted as members of the corporation pursuant to section 2.2 of the organization's by-laws, the number of directors to be appointed by each member may be reapportioned by a favorable action of the board of directors.

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

The following corporate actions may not be taken without the approval of the members: (a) a majority of the votes cast at a meeting of the members is required for (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (b) two-thirds of the votes cast at a meeting of the members is required for (1) disposing of all, or substantially all, of the assets of the corporation, (2) approval of a plan of merger, (3) authorization of a plan of non-judicial dissolution, or (4) revocation of a voluntary dissolution proceeding. Provided, however, that the affirmative votes cast in favor of any such action shall be at least equal to the minimum number of votes necessary to constitute a quorum. Further, the members can also remove any director any time with or without cause by a vote.

Form 990, Part VI, Section B, Line 11

At least 14 days prior to filing, the organization distributes a draft form 990 to the board for review. Ten days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed. A copy of the filed form 990 is provided to the board for their records.

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

Directors and officers are issued with a copy of the organization's current conflict of interest (coi) policy upon appointment, and annually thereafter. Directors and officers complete annual declarations to either confirm no conflicts, or identify possible and/or actual conflicts.

Form 990, Part VI, Section B, Line 15A

The organization uses the following to determine the compensation of its top management official: 1) compensation committee; 2) compensation survey or study; and 3)approval by the board or compensation committee.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member or officer. These documents are maintained at the organization's registered office.

Filing and Contact Details

Filer

Filer Name
Stanton Norfolk Inc
EIN
26-1880608
Phone
2124772265
Address
141 NORFOLK ST GROUND FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Christopher Kui
Title
Executive Director
Phone
2124772265
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Kui
Formed
2008
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
34
Volunteers
1

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Lyons Robert
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XIX, LINE 2C:

The process of overseeing the audit and selection of independent accountant has not been changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Fin 48 disclosure: stanton had no uncertain tax positions as of december 31, 2014 and 2013 in accordance with accounting standards codification ("asc") topic 740, which provides standards for establishing and classifying any tax provisions for uncertain tax positions. Stanton is no longer subject to federal state or local income tax examinations by tax authorities for the years ended before december 31, 2011.

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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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IRS990/ActivityOrMissionDesc0STANTON NORFOLK INC., ("STANTON") WAS ESTABLISHED TO PROMOTE AFFORDABLE HOUSING BY ASSISTING TENANTS TO OBTAIN AND MAINTAIN QUALIFICATION FOR GOVERNMENT AND PRIVATE HOUSING ASSISTANCE PROGRAMS, ACTING AS LIAISON BETWEEN TENANTS AND BUILDING OWNERS, AND CRAFTING SOLUTIONS TO ALLOW TENANTS WITH FINANCIAL OR OTHER PROBLEMS TO AVOID EVICTION. STANTON MANAGES ALL OF ITS PARENT ORGANIZATION, ASIAN AMERICANS FOR EQUALITY, INC.'S ("AAFE") HOUSING DEVELOPMENTS. CURRENTLY, STANTON OVERSEES IN EXCESS OF 500 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN. AAFE AND ITS LIMITED PARTNERSHIPS HAVE ENTERED INTO SEVERAL PROPERTY MANAGEMENT AGREEMENTS WITH STANTON TO PROVIDE FOR, AMONG OTHER MATTERS, TENANT ASSISTANCE, PROPERTY ADMINISTRATION, RENTAL MANAGEMENT AND REPAIR, AND STAFF SUPERVISION.
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IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY MGMT FEES
IRS990/ProgramServiceRevenueGrp/Desc1COMMERCIAL RENT
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01088650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1667821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2188916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01088650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1667821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2188916
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0285
IRS990/PYOtherExpensesAmt0504057
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01853719
IRS990/PYRevenuesLessExpensesAmt0324461
IRS990/PYSalariesCompEmpBnftPaidAmt01025486
IRS990/PYTotalExpensesAmt01529543
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01854004
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0295960
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01945387
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01311999
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01079299
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0285
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0550
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09765
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01945387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01853719
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01575350
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0971755
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0903923
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07250134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09765
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt07250134
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01945387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01853719
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01575350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0971755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0903923
IRS990ScheduleA/Total509Grp/TotalAmt07250134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01953550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01854004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01575617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0972255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0904473
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07259899
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt026753
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08364
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035117
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01657590
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0548824
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01953550
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 DISCLOSURE: STANTON HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014 AND 2013 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. STANTON IS NO LONGER SUBJECT TO FEDERAL STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED BEFORE DECEMBER 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026753
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0548824
IRS990ScheduleD/TotalExpensesPerForm990Amt01657590
IRS990ScheduleD/TotalLiabilityAmt02250
IRS990ScheduleD/TotalRevenuePerForm990Amt01953550
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01953550
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01657590
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt060000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0189824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0209
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07871
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0720
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTOPHER KUI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt060209
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0198415
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STANTON NORFOLK, INC. IS A MEMBERSHIP ORGANIZATION WITH ASIAN AMERICANS FOR EQUALITY, INC. AS A SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASIAN AMERICANS FOR EQUALITY, INC., BEING THE SOLE MEMBER, IS ENTITLED TO APPOINT THE DIRECTORS; PROVIDED, HOWEVER, THAT IN THE EVENT THAT ADDITIONAL PERSONS ARE ACCEPTED AS MEMBERS OF THE CORPORATION PURSUANT TO SECTION 2.2 OF THE ORGANIZATION'S BY-LAWS, THE NUMBER OF DIRECTORS TO BE APPOINTED BY EACH MEMBER MAY BE REAPPORTIONED BY A FAVORABLE ACTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE MEMBERS: (A) A MAJORITY OF THE VOTES CAST AT A MEETING OF THE MEMBERS IS REQUIRED FOR (1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION OR (2) A PETITION FOR JUDICIAL DISSOLUTION; (B) TWO-THIRDS OF THE VOTES CAST AT A MEETING OF THE MEMBERS IS REQUIRED FOR (1) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (2) APPROVAL OF A PLAN OF MERGER, (3) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (4) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. PROVIDED, HOWEVER, THAT THE AFFIRMATIVE VOTES CAST IN FAVOR OF ANY SUCH ACTION SHALL BE AT LEAST EQUAL TO THE MINIMUM NUMBER OF VOTES NECESSARY TO CONSTITUTE A QUORUM. FURTHER, THE MEMBERS CAN ALSO REMOVE ANY DIRECTOR ANY TIME WITH OR WITHOUT CAUSE BY A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT LEAST 14 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. TEN DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON APPOINTMENT, AND ANNUALLY THEREAFTER. DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS, OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION USES THE FOLLOWING TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL: 1) COMPENSATION COMMITTEE; 2) COMPENSATION SURVEY OR STUDY; AND 3)APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.
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 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XIX, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0133915861
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1133952052
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2134185984
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0CONST/REHAB NYC BLDGS TO PROVIDE AFFORD. RENTAL HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1CONST/REHAB NYC BLDGS TO PROVIDE AFFORD. RENTAL HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2CONST/REHAB NYC BLDGS TO PROVIDE AFFORD. RENTAL HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0EL CARIBE II DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1NORFOLK APARTMENTS DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2NORFOLK APARTMENTS II DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0129 RIVINGTON STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1141 NORFOLK STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt2141 NORFOLK STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010002
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110002
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd210002
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0133767932
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1133952058
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2134185980
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0PROVIDE LOW-INCOME HOUSING IN NEW YORK CITY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$1.15$4.22$4.89$5.13$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$1.15$4.46$5.00$4.74$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$1.36$4.20$4.64$4.20$0.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.62$0.86$3.76$4.27$3.42$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$0.97$2.92$3.31$3.69$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.32$3.29$3.43$3.15$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.31$3.00$2.53$2.17$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.27$2.67$2.32$1.93$0.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.23$2.28$2.26$1.84$0.42
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.19$1.86$2.17$1.82$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.18$1.51$1.95$1.66$0.30
2013Detailed filing. Detailed filing data is available for this year.$1.40$0.18$1.22$1.85$1.53$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.59$0.89$1.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.15$0.63$0.81