Civic Intelligence

Parkway Housing Development

EIN 27-2397268 • 501(c)3 • New York, NY

Profile

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

73 West 108th StreetNew York, NY 10025

www.mvdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.88x

Higher debt load relative to assets than 54% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

4.44x

Higher debt load relative to revenue than 53% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2025

Net Margin

67th percentile

-3.7%

Higher net margin than 67% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

58th percentile

$135,250

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

NTEE L21 • $1M-$5M nonprofits • Source year 2025

Asset Growth

83rd percentile

3.3%

Faster asset growth than 83% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

54th percentile

3.1%

Faster revenue growth than 54% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,704,193

Up $150,337 (+3.3%) from 2024

Liabilities

Up

$4,125,546

Up $185,014 (+4.7%) from 2024

Net Assets

Down

$578,647

Down $34,677 (-5.7%) from 2024

Revenue

Up

$929,680

Up $28,007 (+3.1%) from 2024

Expenses

Up

$964,357

Up $114,461 (+13%) from 2024

Net Income

Down

-$34,677

Down $86,454 (-167%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2020: $4,364,345Liabilities 2020: $3,807,552Net Assets 2020: $556,7932020Assets 2023: $4,473,219Liabilities 2023: $3,911,668Net Assets 2023: $561,5512023Assets 2024: $4,553,856Liabilities 2024: $3,940,532Net Assets 2024: $613,3242024Assets 2025: $4,704,193Liabilities 2025: $4,125,546Net Assets 2025: $578,6472025

Highlighted filing

2025

Assets$4,704,193
Liabilities$4,125,546
Net Assets$578,647

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2020: $773,945Expenses 2020: $746,542Net Income 2020: $27,4032020Revenue 2023: $802,979Expenses 2023: $821,044Net Income 2023: -$18,0652023Revenue 2024: $901,673Expenses 2024: $849,896Net Income 2024: $51,7772024Revenue 2025: $929,680Expenses 2025: $964,357Net Income 2025: -$34,6772025

Highlighted filing

2025

Revenue$929,680
Expenses$964,357
Net Income-$34,677

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$929,680
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$1,673,377$1,614,289▼ $59,088
Prepaid Expenses and Deferred Charges$11,582$204,468▲ $192,886
Accounts Receivable$113,146$81,633▼ $31,513
Cash and Non-Interest-Bearing Accounts$179,662$37,251▼ $142,411
Savings and Temporary Cash Investments$7,054$2,062▼ $4,992
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$4,553,856$4,704,193▲ $150,337
Other Assets Total$2,569,035$2,764,490▲ $195,455
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,637,207$3,637,207→ $0
Accounts Payable and Accrued Expenses$227,985$268,288▲ $40,303
Other Liabilities$72,449$214,844▲ $142,395
Deferred Revenue$2,891$5,207▲ $2,316
Total Liabilities$3,940,532$4,125,546▲ $185,014
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$613,324$578,647▼ $34,677
Total Net Assets Fund Balance$613,324$578,647▼ $34,677
Total Liabilities and Net Assets / Fund Balance$4,553,856$4,704,193▲ $150,337

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,155,433$1,403,577$2,559,010
Leasehold Improvements$293,579$65,533$359,112
Land$158,342-$158,342
Equipment$6,935$75,934$82,869
Other Assets Org$65,920--
Compensation and Service Providers

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
$841,705
Investment Income
$87,975
Other Revenue
$0
Change in Net Assets
$-34,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$964,357
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
Insurance$159,121--$159,121
Depreciation Depletion$108,560--$108,560
All Other Expenses$69,913$12,817-$82,730
Fees for Services Management-$66,084-$66,084
Other Expenses$43,015--$43,015
Interest$37,507--$37,507
Fees for Services Legal$28,747--$28,747
Fees for Services Other-$864-$864
Fees for Services Accounting-$-7,000-$-7,000
Total Functional Expenses$891,592$72,765$0$964,357
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 Affilitate$147,677
Tenant Security Deposit$67,167
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 performed by or under the direct supervision of officers, directors, or trustees, or key employees, compensated 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 compendated by the management company.

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

The return is reviewed in detail by management and provided to the fullboard or directors for review.

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
Parkway Housing Development
EIN
27-2397268
Phone
2126784410
Address
73 WEST 108TH STREET, NEW YORK, NY 10025

Signing Officer

Name
Robin P Baez
Title
Vice President
Signed
2025-11-06
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
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization follows fasb asc 740, "income taxes", which provides standards for establishing and classifying any tax provisions for uncertian tax positions. The organization is no longer subject to federal or state income tax examinations by tax authorities for years before 2017.

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IRS990ScheduleA/PublicSupportTotal509Amt03983622
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0841705
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0828636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0770266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0771006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0772009
IRS990ScheduleA/Total509Grp/TotalAmt03983622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0929680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0901673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0802979
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0779621
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0782697
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04196650
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01155433
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01403577
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02559010
IRS990ScheduleD/EquipmentGrp/BookValueAmt06935
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075934
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt082869
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0158342
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0158342
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0293579
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt065533
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0359112
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01719590
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt130000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2543624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3405356
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt465920
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CD RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OPERATING RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0147677
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt167167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILITATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS FASB ASC 740, "INCOME TAXES", WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTIAN TAX POSITIONS. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01614289
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02764490
IRS990ScheduleD/TotalLiabilityAmt0214844
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0130315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04935
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBIN P BAEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0135250
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEES, COMPENSATED 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 COMPENDATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED IN DETAIL BY MANAGEMENT AND PROVIDED TO THE FULLBOARD OR DIRECTORS FOR REVIEW.
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 CORPORATION
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/InvolvedAmt0178968
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

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