Civic Intelligence

Park Side 104 Housing Development Fund

EIN 27-2844696 • 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

96th percentile

1.43x

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

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

Liabilities / Revenue

95th percentile

6.57x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

60th percentile

$135,250

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 29.8% of source-year revenue.

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

Asset Growth

45th percentile

2.3%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

39th percentile

1.3%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Up

$2,074,062

Up $45,826 (+2.3%) from 2024

Liabilities

Up

$2,975,907

Up $167,500 (+6.0%) from 2024

Net Assets

Down

-$901,845

Down $121,674 (-16%) from 2024

Revenue

Up

$453,120

Up $5,844 (+1.3%) from 2024

Expenses

Down

$574,794

Down $1,245 (-0.2%) from 2024

Net Income

Up

-$121,674

Up $7,089 (+5.5%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2020: $2,165,362Liabilities 2020: $2,571,491Net Assets 2020: -$406,1292020Assets 2023: $2,127,339Liabilities 2023: $2,778,747Net Assets 2023: -$651,4082023Assets 2024: $2,028,236Liabilities 2024: $2,808,407Net Assets 2024: -$780,1712024Assets 2025: $2,074,062Liabilities 2025: $2,975,907Net Assets 2025: -$901,8452025

Highlighted filing

2025

Assets$2,074,062
Liabilities$2,975,907
Net Assets-$901,845

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $410,244Expenses 2020: $453,565Net Income 2020: -$43,3212020Revenue 2023: $430,199Expenses 2023: $543,665Net Income 2023: -$113,4662023Revenue 2024: $447,276Expenses 2024: $576,039Net Income 2024: -$128,7632024Revenue 2025: $453,120Expenses 2025: $574,794Net Income 2025: -$121,6742025

Highlighted filing

2025

Revenue$453,120
Expenses$574,794
Net Income-$121,674

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
$453,120
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$1,380,947$1,307,361▼ $73,586
Prepaid Expenses and Deferred Charges$10,764$131,181▲ $120,417
Cash and Non-Interest-Bearing Accounts$49,234$45,529▼ $3,705
Accounts Receivable$54,389$43,949▼ $10,440
Savings and Temporary Cash Investments$690$690→ $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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,028,236$2,074,062▲ $45,826
Other Assets Total$532,212$545,352▲ $13,140
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,471,242$2,471,242→ $0
Other Liabilities$284,727$401,995▲ $117,268
Accounts Payable and Accrued Expenses$44,829$95,322▲ $50,493
Deferred Revenue$7,609$7,348▼ $261
Total Liabilities$2,808,407$2,975,907▲ $167,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-780,171$-901,845▼ $121,674
Total Net Assets Fund Balance$-780,171$-901,845▼ $121,674
Total Liabilities and Net Assets / Fund Balance$2,028,236$2,074,062▲ $45,826

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$632,093$758,511$1,390,604
Leasehold Improvements$604,286$369,495$973,781
Land$70,982-$70,982
Equipment-$30,855$30,855
Other Assets Org$34,045--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bradford WinstonPresident
Robin P BaezVice President
Sandra B PowersTreasurer/secy
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$439,229
Investment Income
$13,891
Other Revenue
$0
Change in Net Assets
$-121,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$574,794
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
Depreciation Depletion$85,954--$85,954
Insurance$85,119--$85,119
Fees for Services Management-$33,420-$33,420
All Other Expenses$18,402$8,924-$27,326
Other Expenses$21,817--$21,817
Fees for Services Legal$21,795--$21,795
Fees for Services Other-$3,480-$3,480
Total Functional Expenses$528,970$45,824$0$574,794
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 Related -party$366,572
Tenant Security Deposit$35,423
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 customarilyperformed by or under the direct supervision of officers directors, ortrustees, or key employees to a management company or other person.

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

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

Form 990, Part VI, Section B, Line 12C

We have distributed documents, whereby officers, directors and keyemployees will be requested to notify the organization of any interest thatcould give rise to conflict, and each member is asked to confirm at eachscheduled meeting.

Form 990, Part VI, Section C, Line 19

Individuals that want to review organization documents, policies andfinancial statements are asked to put their request in writing. A date isscheduled for the individual to review the requested items at our office at73 west 108th street, new york, ny, 10025.

Filing and Contact Details

Filer

Filer Name
Park Side 104 Housing Development Fund
EIN
27-2844696
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

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/Total509Grp/CurrentTaxYearMinus1YearAmt0432657
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0421472
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0411773
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0378381
IRS990ScheduleA/Total509Grp/TotalAmt02083512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0453120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0447276
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0430199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0414952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0381533
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02127080
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0632093
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0758511
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01390604
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030855
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030855
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt070982
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070982
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0604286
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0369495
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0973781
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0260210
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2236097
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt334045
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0366572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt135423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED -PARTY
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/TotalBookValueLandBuildingsAmt01307361
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0545352
IRS990ScheduleD/TotalLiabilityAmt0401995
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 CUSTOMARILYPERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS DIRECTORS, ORTRUSTEES, OR KEY EMPLOYEES TO A MANAGEMENT COMPANY OR OTHER PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED IN DETAIL BY MANAGEMENT AND PROVIDED TO THE FULLBOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE HAVE DISTRIBUTED DOCUMENTS, WHEREBY OFFICERS, DIRECTORS AND KEYEMPLOYEES WILL BE REQUESTED TO NOTIFY THE ORGANIZATION OF ANY INTEREST THATCOULD GIVE RISE TO CONFLICT, AND EACH MEMBER IS ASKED TO CONFIRM AT EACHSCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDIVIDUALS THAT WANT TO REVIEW ORGANIZATION DOCUMENTS, POLICIES ANDFINANCIAL STATEMENTS ARE ASKED TO PUT THEIR REQUEST IN WRITING. A DATE ISSCHEDULED FOR THE INDIVIDUAL TO REVIEW THE REQUESTED ITEMS AT OUR OFFICE AT73 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 B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 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/ZIPCd010025
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MANHATTAN VALLEY DEVELOPMENT CORPORATON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132628511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMUNITY DEVELOPMENT AND SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt073 WEST 108TH ST
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/InvolvedAmt0152727
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

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