Civic Intelligence

Fox Street Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 27-0333073

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

Organization ProfileN/A
885 Bruckner BlvdBronx, NY 10459

(718) 617-2800

Siviq Scores

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

Liabilities / Assets

83rd percentile

1.34x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

6.39x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Net Margin

50th percentile

-13%

Higher net margin than 50% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$693,197

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 175.7% of source-year revenue.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Asset Growth

65th percentile

-0.4%

Faster asset growth than 65% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-0.6%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$1,876,328

Down $8,138 (-0.4%) from 2019

Net Assets

Down

-$644,316

Down $50,730 (-8.5%) from 2019

Liabilities

Up

$2,520,644

Up $42,592 (+1.7%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin50th percentile

Revenue

Down

$394,462

Down $2,301 (-0.6%) from 2019

Expenses

Down

$445,192

Down $36,242 (-7.5%) from 2019

Net Income

Up

-$50,730

Up $33,941 (+40%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $1,875,918Liabilities 2016: $2,473,626Net Assets 2016: -$597,7082016Assets 2017: $1,943,978Liabilities 2017: $2,484,247Net Assets 2017: -$540,2692017Assets 2018: $1,961,146Liabilities 2018: $2,470,061Net Assets 2018: -$508,9152018Assets 2019: $1,884,466Liabilities 2019: $2,478,052Net Assets 2019: -$593,5862019Assets 2020: $1,876,328Liabilities 2020: $2,520,644Net Assets 2020: -$644,3162020Assets 2021: $1,794,601Liabilities 2021: $2,504,078Net Assets 2021: -$709,4772021Assets 2022: $1,768,742Liabilities 2022: $2,487,844Net Assets 2022: -$719,1022022Assets 2023: $1,791,701Liabilities 2023: $2,558,003Net Assets 2023: -$766,3022023Assets 2024: $1,563,879Liabilities 2024: $2,539,555Net Assets 2024: -$975,6762024

Highlighted filing

2020

Assets$1,876,328
Liabilities$2,520,644
Net Assets-$644,316
Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

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

$1.0M$500K$0-$500KRevenue 2016: $470,472Expenses 2016: $436,781Net Income 2016: $33,6912016Revenue 2017: $454,272Expenses 2017: $396,833Net Income 2017: $57,4392017Revenue 2018: $447,637Expenses 2018: $416,283Net Income 2018: $31,3542018Revenue 2019: $396,763Expenses 2019: $481,434Net Income 2019: -$84,6712019Revenue 2020: $394,462Expenses 2020: $445,192Net Income 2020: -$50,7302020Revenue 2021: $411,134Expenses 2021: $476,295Net Income 2021: -$65,1612021Revenue 2022: $427,862Expenses 2022: $437,487Net Income 2022: -$9,6252022Revenue 2023: $411,100Expenses 2023: $458,300Net Income 2023: -$47,2002023Revenue 2024: $442,854Expenses 2024: $652,228Net Income 2024: -$209,3742024

Highlighted filing

2020

Revenue$394,462
Expenses$445,192
Net Income-$50,730
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$394,462
Mission and Program Overview

Mission

The company owns and operates low income housing in the south bronx in addition the company provides social services for the tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$896,153$823,297▼ $72,856
Cash and Non-Interest-Bearing Accounts$656,744$654,226▼ $2,518
Prepaid Expenses and Deferred Charges$22,574$71,272▲ $48,698
Accounts Receivable$16,847$42,807▲ $25,960
Intangible Assets$47,156$40,318▼ $6,838
Total Assets$1,884,466$1,876,328▼ $8,138
Other Assets Total$244,992$244,408▼ $584
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,378,024$2,378,024→ $0
Other Liabilities$89,731$129,045▲ $39,314
Accounts Payable and Accrued Expenses$10,297$9,859▼ $438
Unsecured Notes Loans Payable-$3,716-
Total Liabilities$2,478,052$2,520,644▲ $42,592
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-593,586$-644,316▼ $50,730
Total Net Assets Fund Balance$-593,586$-644,316▼ $50,730
Total Liabilities and Net Assets / Fund Balance$1,884,466$1,876,328▼ $8,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$798,294$2,871,181$3,669,475
Equipment$25,002$16,298$41,300
Land$1-$1
Other Assets Org$26,969--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Salvatore GiganteChief Operat$693,197$693,197
Latoya AllenVice Preside$604,407$604,407
John LopezMaintenance$199,544$199,544
Fr Louis R GiganteChairman$3,245$3,245
Enrico BocciaDirector$800$800
Carmen ReyesSec/treas/di$200$200
Migdalia MoralesDirector$200$200

Board Members and Trustees

NameTitle
Salvatore GiganteVice Chair
Latoya AllenVice President
Jason BoroffDirector
Victor PapaDirector
Salvatore GiganteChief Operating Offi
John LopezMaintenance Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$389,798
Investment Income
$4,664
Other Revenue
$0
Change in Net Assets
$-50,730

Audited Revenue Reconciliation

Revenue per Audited Statements
$394,462
Total Revenue per Audited Statements
$394,462
Total Revenue per Form 990
$394,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$385,230
Salaries, Compensation, and Employee Benefits$59,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,194--$91,194
Other Salaries and Wages$53,991--$53,991
Insurance$33,885--$33,885
Fees for Services Management-$28,656-$28,656
Interest$22,780--$22,780
Fees for Services Accounting-$10,800-$10,800
Payroll Taxes$5,971--$5,971
Other Expenses$5,214--$5,214
All Other Expenses$4,201--$4,201
Fees for Services Legal$3,654--$3,654
Fees for Services Other$720--$720
Total Functional Expenses$405,736$39,456$0$445,192

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$445,192
Total Expenses per Audited Statements$445,192
Total Expenses per Form 990$445,192
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer/directoMaint. & RepairNo$60,771
-Officer/directoProperty MgtNo$28,656
-Officer/directoSecurityNo$2,808
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expense$75,438
Tenant Security Deposit Payable$44,832
Prepaid Revenue$6,877
Accrued Mortgage Payable$1,898
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Louis r gigante salvatore gigante chairperson chief operat family related”

Form 990, Page 6, Part VI, Line 3

“The organization owns apartment buildings constructed and maintained to provide low income housing. The buildings are managed by building management associates, inc., a real estate property management company, which is owned by an officer and board member of the reporting organization.”

Form 990, Page 6, Part VI, Line 11B

“The organization's 990 is reviewed and approved by the controller and chief operating officer before it is finalized and issued.”

Form 990, Page 6, Part VI, Line 19

“Documents, which are public record, are available from ny secretary of state.”

Filing and Contact Details

Filer

Filer Name
Fox Street Hdfc
EIN
27-0333073
Address
885 BRUCKNER BLVD, BRONX, NY 10459

Signing Officer

Name
Salvatore Gigante
Title
Chief Operating Offi
Signed
2021-11-01

Organization Details

Principal Officer
Salvatore Gigante
Formed
2009
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
2

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once tenants move out of the apartment.”

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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/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06878
IRS990/PYOtherExpensesAmt0424095
IRS990/PYProgramServiceRevenueAmt0389885
IRS990/PYRevenuesLessExpensesAmt0-84671
IRS990/PYSalariesCompEmpBnftPaidAmt057339
IRS990/PYTotalExpensesAmt0481434
IRS990/PYTotalRevenueAmt0396763
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-50730
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04664
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06878
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02686
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01046
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt021576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0389798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0389885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0441335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0451586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0469426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02142030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04664
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02686
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt021576
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99000
IRS990ScheduleA/PublicSupportPY509Pct00.99120
IRS990ScheduleA/PublicSupportTotal509Amt02142030
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0389798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0389885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0441335
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0451586
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0469426
IRS990ScheduleA/Total509Grp/TotalAmt02142030
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0394462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0396763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0447637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0454272
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0470472
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02163606
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0798294
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02871181
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03669475
IRS990ScheduleD/EquipmentGrp/BookValueAmt025002
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016298
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041300
IRS990ScheduleD/ExpensesSubtotalAmt0445192
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0172607
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt144832
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt226969
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt144832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED MORTGAGE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0394462
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE TENANTS MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0823297
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0244408
IRS990ScheduleD/TotalExpensesPerForm990Amt0445192
IRS990ScheduleD/TotalLiabilityAmt0129045
IRS990ScheduleD/TotalRevenuePerForm990Amt0394462
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0394462
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0445192
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1693197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2604407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3199544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1222149
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FR LOUIS R GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JASON BOROFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SALVATORE GIGANTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LATOYA ALLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JOHN LOPEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF OPERATING OFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4MAINTENANCE MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt03245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0220000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1222149
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2693197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3604407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4199544
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BUILDING MANAGEMENT ASSOCIATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1TIFFANY MAINTENANCE CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SENTRY SECURITY COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER/DIRECTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt028656
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt160771
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt22808
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MAINT. & REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SECURITY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOUIS R GIGANTE SALVATORE GIGANTE CHAIRPERSON CHIEF OPERAT FAMILY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY AN OFFICER AND BOARD MEMBER OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY THE CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,876,328
Liabilities
$2,520,644
Net assets
-$644,316
Revenue
$394,462
Expenses
$445,192
Net income
-$50,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$2.54$0.98$0.44$0.65$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.79$2.56$0.77$0.41$0.46$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.77$2.49$0.72$0.43$0.44$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.79$2.50$0.71$0.41$0.48$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.88$2.52$0.64$0.39$0.45$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.88$2.48$0.59$0.40$0.48$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.96$2.47$0.51$0.45$0.42$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.94$2.48$0.54$0.45$0.40$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.88$2.47$0.60$0.47$0.44$0.03