Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
EIN 30-0055831 • 501(c)3 • Brooklyn, NY
Profile
Housing works pitkin avenue provides permanent supportive housing to homeless, low-income new yorkers living with hiv/aids. Revenue comes from government contracts and residents' rent. Resident rent is capped at 30% of their income.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 549.0% of source-year revenue.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Assets
Up$1,962,967
Up $414,104 (+27%) from 2023
Liabilities
Up$2,221,605
Up $418,925 (+23%) from 2023
Net Assets
Down-$258,638
Down $4,821 (-1.9%) from 2023
Revenue
Up$86,250
Up $2,512 (+3.0%) from 2023
Expenses
Up$91,071
Up $39,178 (+75%) from 2023
Net Income
Down-$4,821
Down $36,666 (-115%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Housing Works Pitkin Avenue provides permanent supportive housing to homeless, low-income New Yorkers living with HIV/AIDS. Revenue comes from government contracts and residents' rent. Resident rent is capped at 30% of their income.
To provide permanent supportive housing to homeless, low-income new yorkers living with hiv/aids.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,449,147 | $1,863,252 | ▲ $414,105 |
| Total Assets | $1,548,863 | $1,962,967 | ▲ $414,104 |
| Other Assets Total | $99,716 | $99,715 | ▼ $1 |
| Liabilities | |||
| Other Liabilities | $805,335 | $1,232,450 | ▲ $427,115 |
| Mortgage Notes Payable Secured by Investment Property | $936,000 | $936,000 | → $0 |
| Accounts Payable and Accrued Expenses | $61,345 | $53,155 | ▼ $8,190 |
| Total Liabilities | $1,802,680 | $2,221,605 | ▲ $418,925 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-253,817 | $-258,638 | ▼ $4,821 |
| Total Net Assets Fund Balance | $-253,817 | $-258,638 | ▼ $4,821 |
| Total Liabilities and Net Assets / Fund Balance | $1,548,863 | $1,962,967 | ▲ $414,104 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $451,840 | $670,995 | $1,122,835 |
| Land | $829,622 | - | $829,622 |
| Other Land Buildings | $581,790 | - | $581,790 |
| Other Assets Org | $99,715 | - | - |
| Name | Title |
|---|---|
| Charles King | Chairman/chief Executive Officer |
| Earl Ward Esq | Vice Chair |
| Jolanta Ilczuk | Chief Financial Officer |
| Andrew Coamey | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $91,071 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $51,480 | - | - | $51,480 |
| Depreciation Depletion | $37,428 | - | - | $37,428 |
| Fees for Services Management | $2,163 | - | - | $2,163 |
| Total Functional Expenses | $91,071 | $0 | $0 | $91,071 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $193,304,185 |
| Expenses Not Reported on Form 990 | $193,213,114 |
| Expenses per Audited Statements | $91,071 |
| Total Expenses per Form 990 | $91,071 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Affiliate | $1,232,450 |
“The organization has one member (the "member"), which is housing works, inc. The member shall exercise its membership rights and obligations through a majority of its board of directors and any meeting at which a quorum is present, or through an individual that the member's board of directors appoints to act as the member in accordance with its instructions.”
“The organization has one member (the "member"), which is housing works, inc. The member shall exercise its membership rights and obligations through a majority of its board of directors and any meeting at which a quorum is present, or through an individual that the member's board of directors appoints to act as the member in accordance with its instructions.”
“The organization's form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was made available to the board of directors for their review. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”
“The organization operates under the conflict of interest policy of its parent organization, housing works, inc. Each officer, director, trustee and key employee of the organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the organization. Housing works, inc. Monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”
“The organization does not provide any compensation paid to the individuals listed on part vii of the form 990. Compensation paid to these individuals is paid by related organizations, either housing works, inc. Or housing works health services iii, inc. The process used to determine the compensation of these individuals is reported on housing works, inc.'s form 990.”
“The organization makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements are published on the organization's website. The governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”
“The accounts of housing works inc. And its affiliates are audited by an independent accountant and are consolidated for financial statement purposes. In addition, the organization as a whole meets the requirement of an audit as set forth in the single audit act and omb circular a-133. Each affiliate on its own may not meet the requirement but this question was answered yes on each affiliate as housing works inc. And its affiliates on the whole met the requirement and obtained an audit according to the act.”
“The organization follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to consolidated financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Management has analyzed the tax positions taken by the organization and has concluded that, as of june 30, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the consolidated financial statements. The organization's federal and state information returns filed prior to fiscal year 2021 are closed. Management continually evaluates expiring statutes of limitations, audits, proposed settlements.”
“Related organizations 194,012,491. Other intercompany eliminations -3,914,801.”
“Related organizations 194,627,915. Other intercompany eliminations -1,414,801.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS. |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 37428 |
| IRS990/Desc | 0 | HOUSING WORKS PITKIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION LOCATED AT 2609 PITKIN AVENUE, BROOKLYN, NEW YORK PROVIDES A BROAD RANGE OF HEALTH SERVICES TO PERSONS LIVING WITH AIDS OR HIV RELATED ILLNESSES. |
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| IRS990/MissionDesc | 0 | HOUSING WORKS PITKIN AVENUE PROVIDES PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS. REVENUE COMES FROM GOVERNMENT CONTRACTS AND RESIDENTS' RENT. RESIDENT RENT IS CAPPED AT 30% OF THEIR INCOME. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS FILED PRIOR TO FISCAL YEAR 2021 ARE CLOSED. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | RELATED ORGANIZATIONS 194,012,491. OTHER INTERCOMPANY ELIMINATIONS -3,914,801. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | RELATED ORGANIZATIONS 194,627,915. OTHER INTERCOMPANY ELIMINATIONS -1,414,801. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 762 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 258 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 2 | 762 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | CHARLES KING |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | ANDREW COAMEY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | JOLANTA ILCZUK |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CHAIRMAN/CHIEF EXECUTIVE OFFICER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | CHIEF FINANCIAL OFFICER |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 2 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 283789 |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | CEO COMPENSATION IS DETERMINED BY THE PARENT ORGANIZATON, HOUSING WORKS, INC. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS ONE MEMBER (THE "MEMBER"), WHICH IS HOUSING WORKS, INC. THE MEMBER SHALL EXERCISE ITS MEMBERSHIP RIGHTS AND OBLIGATIONS THROUGH A MAJORITY OF ITS BOARD OF DIRECTORS AND ANY MEETING AT WHICH A QUORUM IS PRESENT, OR THROUGH AN INDIVIDUAL THAT THE MEMBER'S BOARD OF DIRECTORS APPOINTS TO ACT AS THE MEMBER IN ACCORDANCE WITH ITS INSTRUCTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS ONE MEMBER (THE "MEMBER"), WHICH IS HOUSING WORKS, INC. THE MEMBER SHALL EXERCISE ITS MEMBERSHIP RIGHTS AND OBLIGATIONS THROUGH A MAJORITY OF ITS BOARD OF DIRECTORS AND ANY MEETING AT WHICH A QUORUM IS PRESENT, OR THROUGH AN INDIVIDUAL THAT THE MEMBER'S BOARD OF DIRECTORS APPOINTS TO ACT AS THE MEMBER IN ACCORDANCE WITH ITS INSTRUCTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION'S FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION OPERATES UNDER THE CONFLICT OF INTEREST POLICY OF ITS PARENT ORGANIZATION, HOUSING WORKS, INC. EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. HOUSING WORKS, INC. MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION DOES NOT PROVIDE ANY COMPENSATION PAID TO THE INDIVIDUALS LISTED ON PART VII OF THE FORM 990. COMPENSATION PAID TO THESE INDIVIDUALS IS PAID BY RELATED ORGANIZATIONS, EITHER HOUSING WORKS, INC. OR HOUSING WORKS HEALTH SERVICES III, INC. THE PROCESS USED TO DETERMINE THE COMPENSATION OF THESE INDIVIDUALS IS REPORTED ON HOUSING WORKS, INC.'S FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PUBLISHED ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ACCOUNTS OF HOUSING WORKS INC. AND ITS AFFILIATES ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AND ARE CONSOLIDATED FOR FINANCIAL STATEMENT PURPOSES. IN ADDITION, THE ORGANIZATION AS A WHOLE MEETS THE REQUIREMENT OF AN AUDIT AS SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. EACH AFFILIATE ON ITS OWN MAY NOT MEET THE REQUIREMENT BUT THIS QUESTION WAS ANSWERED YES ON EACH AFFILIATE AS HOUSING WORKS INC. AND ITS AFFILIATES ON THE WHOLE MET THE REQUIREMENT AND OBTAINED AN AUDIT ACCORDING TO THE ACT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 3: |
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| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd | 3 | N/A |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 3 | HOUSING |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 1 | HOUSING WORKS CANNABIS LLC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 2 | HOUSING WORKS LIRIO HOUSING DEVELOPMENT FUND CORPORATION |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 3 | HW LIRIO INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 4 | HOUSING WORKS CONSULTING INC |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 1 | 57 WILLOUGHBY STREET 2ND FL |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 2 | 57 WILLOUGHBY STREET 2ND FL |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 3 | 57 WILLOUGHBY STREET 2ND FL |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 3 | BROOKLYN |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 4 | BROOKLYN |
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