Civic Intelligence

Whga Garvey Housing Development Fund

990 • Fiscal year 2018 • EIN 27-2127643

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 12, 2019

1652 Amsterdam AvenueNew York, NY 10031

(212) 862-1399

Siviq Scores

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

Liabilities / Assets

99th percentile

2.93x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

6.36x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$3,343,288

No earlier filing loaded for comparison.

Net Assets

-$6,467,163

No earlier filing loaded for comparison.

Liabilities

$9,810,451

No earlier filing loaded for comparison.

Revenue

$1,541,859

No earlier filing loaded for comparison.

Expenses

$1,569,223

No earlier filing loaded for comparison.

Net Income

-$27,364

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2018: $3,343,288Liabilities 2018: $9,810,451Net Assets 2018: -$6,467,1632018Assets 2019: $3,462,751Liabilities 2019: $9,813,342Net Assets 2019: -$6,350,5912019Assets 2020: $3,765,838Liabilities 2020: $9,856,615Net Assets 2020: -$6,090,7772020Assets 2021: $3,993,550Liabilities 2021: $9,926,956Net Assets 2021: -$5,933,4062021Assets 2022: $3,460,258Liabilities 2022: $9,871,630Net Assets 2022: -$6,411,3722022Assets 2023: $3,208,354Liabilities 2023: $9,879,970Net Assets 2023: -$6,671,6162023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2018

Assets$3,343,288
Liabilities$9,810,451
Net Assets-$6,467,163

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $1,541,859Expenses 2018: $1,569,223Net Income 2018: -$27,3642018Revenue 2019: $1,596,653Expenses 2019: $1,480,081Net Income 2019: $116,5722019Revenue 2020: $1,729,746Expenses 2020: $1,469,932Net Income 2020: $259,8142020Revenue 2021: $1,837,151Expenses 2021: $1,785,602Net Income 2021: $51,5492021Revenue 2022: $1,819,279Expenses 2022: $2,297,245Net Income 2022: -$477,9662022Revenue 2023: $1,808,230Expenses 2023: $2,068,474Net Income 2023: -$260,2442023Revenue 2024: $943,479Expenses 2024: $1,128,008Net Income 2024: -$184,5292024

Highlighted filing

2018

Revenue$1,541,859
Expenses$1,569,223
Net Income-$27,364
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 12, 2019
Return Version
2018v3.1
Gross Receipts
$1,541,859
Mission and Program Overview

Mission

The organization was organized to provide housing to indigent families. Its purpose is to relieve congestion and overcrowding in housing among poor families, mentally disadvantaged persons and the homeless.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,350,097$1,225,546▼ $124,551
Cash and Non-Interest-Bearing Accounts$793,019$984,920▲ $191,901
Accounts Receivable$207,989$240,457▲ $32,468
Prepaid Expenses and Deferred Charges$134,043$106,489▼ $27,554
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Investments Program Related$-299,619$-460,460▼ $160,841
Total Assets$3,389,684$3,343,288▼ $46,396
Other Assets Total$1,204,155$1,246,336▲ $42,181
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,662,763$9,662,763→ $0
Other Liabilities$94,026$98,144▲ $4,118
Accounts Payable and Accrued Expenses$72,694$49,544▼ $23,150
Total Liabilities$9,829,483$9,810,451▼ $19,032
Net Assets / Fund Balance
Unrestricted Net Assets$-6,439,799$-6,467,163▼ $27,364
Total Net Assets Fund Balance$-6,439,799$-6,467,163▼ $27,364
Total Liabilities and Net Assets / Fund Balance$3,389,684$3,343,288▼ $46,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,225,546$12,210,021$13,435,567
Other Assets Org$6,117--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Genevieve OutlawChairperson
Ann DozierVice Chair
Courtney BennettBoard Member
Lenore B BrowneBoard Member
Ileana DelarosaSecretary
Diane InceTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
West Harlem Group Assistance IncManagement Fees1652 Amsterdam Avenue, New York, NY 10031$133,550
Revenue and Support

Revenue Composition

Contributions and Grants
$294,351
Program Service Revenue
$1,227,391
Investment Income
$0
Other Revenue
$20,117
Change in Net Assets
$-27,364

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,541,859
Total Revenue per Audited Statements
$1,541,859
Total Revenue per Form 990
$1,541,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,369,806
Salaries, Compensation, and Employee Benefits$199,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,640--$140,640
Fees for Services Management$133,550--$133,550
Depreciation Depletion$124,551--$124,551
Insurance$104,635--$104,635
All Other Expenses$55,368--$55,368
Fees for Services Legal$50,256--$50,256
Other Employee Benefits$45,648--$45,648
Other Expenses$39,252--$39,252
Fees for Services Accounting$37,856--$37,856
Interest$37,459--$37,459
Fees for Services Other$18,170--$18,170
Payroll Taxes$13,129--$13,129
Office Expenses$218--$218
Total Functional Expenses$1,569,223$0$0$1,569,223

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,569,223
Total Expenses per Audited Statements$1,569,223
Total Expenses per Form 990$1,569,223
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
Tenant Security Deposits Payable$98,144
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
Yes
Other officer compensation reviewed
Yes
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 governing board delegates the review of form 990 to its finance committee. the finance committee reviews the form 990 with the organization's auditor and reports back to the full board of directors.

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

conflict of interest policies are discussed orally with employees on an annual basis.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

the executive director and key executive salaries are determined by the board of directors based on a comparison of executive salaries of other not-for-profit organizations of similar size and with comparative budgets.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

the executive director and key executive salaries are determined by the board of directors based on a comparison of executive salaries of other not-for-profit organizations of similar size and with comparative budgets.

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

government documents, conflict of interest policies and the organization's financial statements are maintained at the central administrative offices. the documents are available for review by the public upon request.

Filing and Contact Details

Filer

Filer Name
WHGA GARVEY housing development fund
EIN
27-2127643
Phone
2128621399
Address
1652 AMSTERDAM AVENUE, NEW YORK, NY 10031

Signing Officer

Name
Donald C Notice
Title
Executive Director
Signed
2019-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald C Notice
Formed
2010
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
Palmetto Mollo Molinaro & Passarello Llp
Address
91 Broadhollow Road, Melville, NY 11747-2500
Preparer
Kenneth Krieger
Phone
6317618989
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0134043
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0106489
IRS990/PrincipalOfficerNm0DONALD C NOTICE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0investment in partnership
IRS990/ProgramServiceRevenueGrp/Desc1TENANTS RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0-160841
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11388232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0-160841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11388232
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0275898
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01803776
IRS990/PYOtherRevenueAmt019
IRS990/PYProgramServiceRevenueAmt01347316
IRS990/PYRevenuesLessExpensesAmt0-368871
IRS990/PYSalariesCompEmpBnftPaidAmt0188328
IRS990/PYTotalExpensesAmt01992104
IRS990/PYTotalRevenueAmt01623233
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-27364
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01541859
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01541859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01623233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01636167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01467880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01521559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07790698
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt033
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt012751
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012751
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct00.99070
IRS990ScheduleA/PublicSupportTotal170Amt07790698
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01541859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01623233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01636167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01467880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01521559
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07790698
IRS990ScheduleA/TotalSupportAmt07803482
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01225546
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012210021
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013435567
IRS990ScheduleD/ExpensesSubtotalAmt01569223
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt078595
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118167
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21045313
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt398144
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt46117
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM MANAGING AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW AND RESERVE DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4UTILITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt01541859
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01225546
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01246336
IRS990ScheduleD/TotalExpensesPerForm990Amt01569223
IRS990ScheduleD/TotalLiabilityAmt098144
IRS990ScheduleD/TotalRevenuePerForm990Amt01541859
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01541859
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01569223
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the governing board delegates the review of form 990 to its finance committee. the finance committee reviews the form 990 with the organization's auditor and reports back to the full board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1conflict of interest policies are discussed orally with employees on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the executive director and key executive salaries are determined by the board of directors based on a comparison of executive salaries of other not-for-profit organizations of similar size and with comparative budgets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3the executive director and key executive salaries are determined by the board of directors based on a comparison of executive salaries of other not-for-profit organizations of similar size and with comparative budgets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4government documents, conflict of interest policies and the organization's financial statements are maintained at the central administrative offices. the documents are available for review by the public upon request.
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 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0133556206
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0rental real estate
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0whga amsterdam ii associates
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0-2576959
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-160841
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01652 amsterdam avenue
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0new york
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd010031
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0west harlem group assistance inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237169558
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0low income housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01652 amsterdam avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0new york
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010031
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false

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