Civic Intelligence

Simon Bolivar Housing Development Fund Company Inc.

990 • Fiscal year 2024 • EIN 27-2397053

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 13, 2025

Organization ProfileN/A
73 West 108th StreetNew York, NY 10025

(212) 678-4410

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.95x

Higher debt load relative to assets than 63% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

5.59x

Higher debt load relative to revenue than 71% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

23rd percentile

-22%

Higher net margin than 23% of similar nonprofits.

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$130,210

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2024 filings • NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

$7,420,822

No earlier filing loaded for comparison.

Net Assets

$381,017

No earlier filing loaded for comparison.

Liabilities

$7,039,805

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin23rd percentile

Revenue

$1,259,262

No earlier filing loaded for comparison.

Expenses

$1,538,528

No earlier filing loaded for comparison.

Net Income

-$279,266

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2024: $7,420,822Liabilities 2024: $7,039,805Net Assets 2024: $381,0172024Assets 2025: $7,088,811Liabilities 2025: $7,302,827Net Assets 2025: -$214,0162025

Highlighted filing

2024

Assets$7,420,822
Liabilities$7,039,805
Net Assets$381,017
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2024: $1,259,262Expenses 2024: $1,538,528Net Income 2024: -$279,2662024Revenue 2025: $1,282,103Expenses 2025: $1,789,286Net Income 2025: -$507,1832025

Highlighted filing

2024

Revenue$1,259,262
Expenses$1,538,528
Net Income-$279,266
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,259,262
Mission and Program Overview

Mission

To provide adequate low income housing to residents of the manhattan valley region of manhattan, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,896,097$3,814,779▼ $81,318
Accounts Receivable$188,827$223,584▲ $34,757
Savings and Temporary Cash Investments$344,548$144,577▼ $199,971
Cash and Non-Interest-Bearing Accounts$39,440$103,848▲ $64,408
Prepaid Expenses and Deferred Charges$73,611$78,628▲ $5,017
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,725,399$7,420,822▼ $304,577
Other Assets Total$3,182,876$3,055,406▼ $127,470
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,457,369$6,748,545▲ $291,176
Other Liabilities$424,947$226,119▼ $198,828
Accounts Payable and Accrued Expenses$124,251$64,278▼ $59,973
Deferred Revenue$683$863▲ $180
Total Liabilities$7,007,250$7,039,805▲ $32,555
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$718,149$381,017▼ $337,132
Total Net Assets Fund Balance$718,149$381,017▼ $337,132
Total Liabilities and Net Assets / Fund Balance$7,725,399$7,420,822▼ $304,577

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,353,993$1,104,059$4,458,052
Leasehold Improvements$347,135$67,445$414,580
Equipment$14,786$85,892$100,678
Land$98,865-$98,865
Other Assets Org$95,960--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
John P DuffellPresident
Robin P BaezVice President
Sandra B PowersTreasurer/Secy
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,161,832
Investment Income
$97,430
Other Revenue
$0
Change in Net Assets
$-279,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,538,528
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
Interest$265,675--$265,675
Depreciation Depletion$183,573--$183,573
Insurance$126,738--$126,738
Fees for Services Management-$93,141-$93,141
Fees for Services Legal$76,068--$76,068
Other Expenses$69,983--$69,983
All Other Expenses$43,227$12,795-$56,022
Fees for Services Accounting-$27,000-$27,000
Fees for Services Other-$26,261-$26,261
Total Functional Expenses$1,379,331$159,197$0$1,538,528
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 Affilates$129,229
Tenant Security Deposits$96,890
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
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegates control over management duties customarily preformed by or under the direct supervision of officers, directors, or trustees, or key employee to a management company or other person. See schedule r for list of the management company and services they provided and page 7 of form 990 for the list of officers, directors, and trustees who were compensated by the management company.”

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“Individuals that want to review organization documents, policies and financial statements are asked to put their request in writing. A date is scheduled for the individual to review the requested items at our office at 73 west 108th street, new york, ny 10025.”

Filing and Contact Details

Filer

Filer Name
Simon Bolivar Housing Development
EIN
27-2397053
Phone
2126784410
Address
73 WEST 108TH STREET, NEW YORK, NY 10025

Signing Officer

Name
Robin P Baez
Title
Vice President
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin P Baez
Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Davis Ward & Hochman LLP
Address
150 E 58th St 20TH Flr, New York, NY 10155
Preparer
David H Ward
Phone
2122302600
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt028501
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1856410
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21284393
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3790142
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt495960
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFILLIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5REFUNABLE INCOME TAXES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0129229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt196890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03814779
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03055406
IRS990ScheduleD/TotalLiabilityAmt0226119
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0126495
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03715
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBIN P BAEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0130210
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PREFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEE TO A MANAGEMENT COMPANY OR OTHER PERSON. SEE SCHEDULE R FOR LIST OF THE MANAGEMENT COMPANY AND SERVICES THEY PROVIDED AND PAGE 7 OF FORM 990 FOR THE LIST OF OFFICERS, DIRECTORS, AND TRUSTEES WHO WERE COMPENSATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDIVIDUALS THAT WANT TO REVIEW ORGANIZATION DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE ASKED TO PUT THEIR REQUEST IN WRITING. A DATE IS SCHEDULED FOR THE INDIVIDUAL TO REVIEW THE REQUESTED ITEMS AT OUR OFFICE AT 73 WEST 108TH STREET, NEW YORK, NY 10025.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0MANHATTAN VALLEY DEV
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0133104087
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING MANAGEMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MANHATTAN VALLEY MANAGEMENT COMPANY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt073 WEST 108TH STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0100253222
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MANHATTAN VALLEY DEVELOPMENT COPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132628511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LIHTC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt073 WEST 108TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0100253222
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0235853
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0HOURLY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MANHATTAN VALLEY MANAGEMENT COMPANY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0m
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07725399
IRS990/TotalAssetsEOYAmt07420822
IRS990/TotalAssetsGrp/BOYAmt07725399
IRS990/TotalAssetsGrp/EOYAmt07420822
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159197
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01379331
IRS990/TotalFunctionalExpensesGrp/TotalAmt01538528

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,420,822
Liabilities
$7,039,805
Net assets
$381,017
Revenue
$1,259,262
Expenses
$1,538,528
Net income
-$279,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.09$7.30$0.21$1.28$1.79$0.51
2024Detailed filing. Detailed filing data is available for this year.$7.42$7.04$0.38$1.26$1.54$0.28