Civic Intelligence

Whga Garvey Housing Development Fund

990 • Fiscal year 2021 • EIN 27-2127643

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

2.49x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

5.40x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.8%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

43rd percentile

6.0%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

6.2%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,993,550

Up $227,712 (+6.0%) from 2020

Net Assets

Up

-$5,933,406

Up $157,371 (+2.6%) from 2020

Liabilities

Up

$9,926,956

Up $70,341 (+0.7%) from 2020

Revenue

Up

$1,837,151

Up $107,405 (+6.2%) from 2020

Expenses

Up

$1,785,602

Up $315,670 (+21%) from 2020

Net Income

Down

$51,549

Down $208,265 (-80%) from 2020

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

2021

Assets$3,993,550
Liabilities$9,926,956
Net Assets-$5,933,406

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

2021

Revenue$1,837,151
Expenses$1,785,602
Net Income$51,549
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$1,837,151
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
Cash and Non-Interest-Bearing Accounts$1,346,966$1,212,521▼ $134,445
Land, Buildings, and Equipment, Net$1,113,570$1,057,579▼ $55,991
Accounts Receivable$407,031$518,416▲ $111,385
Prepaid Expenses and Deferred Charges$199,311$221,747▲ $22,436
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-$0-
Investments Program Related$-539,152$-501,074▲ $38,078
Total Assets$3,765,838$3,993,550▲ $227,712
Other Assets Total$1,238,112$1,484,361▲ $246,249
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,662,763$9,662,763→ $0
Other Liabilities$97,955$200,638▲ $102,683
Accounts Payable and Accrued Expenses$64,595$63,555▼ $1,040
Unsecured Notes Loans Payable$31,302--
Total Liabilities$9,856,615$9,926,956▲ $70,341
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,090,777$-5,933,406▲ $157,371
Total Net Assets Fund Balance$-6,090,777$-5,933,406▲ $157,371
Total Liabilities and Net Assets / Fund Balance$3,765,838$3,993,550▲ $227,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,057,579$12,377,988$13,435,567
Other Assets Org$6,257--
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$111,115
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,795,947
Investment Income
$0
Other Revenue
$41,204
Change in Net Assets
$51,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,592,979
Salaries, Compensation, and Employee Benefits$192,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$233,824--$233,824
Other Salaries and Wages$130,706--$130,706
Fees for Services Management$111,115--$111,115
All Other Expenses$88,971--$88,971
Depreciation Depletion$55,988--$55,988
Other Employee Benefits$49,689--$49,689
Other Expenses$48,681--$48,681
Fees for Services Other$37,650--$37,650
Fees for Services Accounting$20,200--$20,200
Fees for Services Legal$12,913--$12,913
Payroll Taxes$12,228--$12,228
Total Functional Expenses$1,785,602$0$0$1,785,602
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
DUE TO AFFILIATEs$102,779
Tenant Security Deposits Payable$97,859
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
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
2022-11-15
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
22

Preparer

Firm
Fuoco Group Llp
Address
200 PARKWAY DR S STE 302, HAUPPAUGE, NY 11788
Preparer
Scott D Small CPA
Phone
6313601700
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0221747
IRS990/PrincipalOfficerNm0DONALD C NOTICE
IRS990/PriorPeriodAdjustmentsAmt0105822
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0investment in partnership
IRS990/ProgramServiceRevenueGrp/Desc1TENANTS RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038078
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11757869
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11757869
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0317804
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01263297
IRS990/PYOtherRevenueAmt0473
IRS990/PYProgramServiceRevenueAmt01411469
IRS990/PYRevenuesLessExpensesAmt0259814
IRS990/PYSalariesCompEmpBnftPaidAmt0206635
IRS990/PYTotalExpensesAmt01469932
IRS990/PYTotalRevenueAmt01729746
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt051549
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01827249
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01795947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01729746
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01596653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01541859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01623233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08287438
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09902
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09902
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt031302
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031302
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99510
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt08287438
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01795947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01729746
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01596653
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01541859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01623233
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08287438
IRS990ScheduleA/TotalSupportAmt08328642
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01057579
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012377988
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013435567
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0181374
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120658
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21178213
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt397859
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt46257
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/Amt0102779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt197859
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATEs
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01057579
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01484361
IRS990ScheduleD/TotalLiabilityAmt0200638
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/ShareOfTotalIncomeAmt038078
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
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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