Civic Intelligence

Mhany 2002 Housing Development Fund Corporation

990 • Fiscal year 2015 • EIN 32-0007137

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 12, 2015

Organization ProfileN/A
One Metro Tech North 11th FloorBrooklyn, NY 11201

(718) 246-8080

Siviq Scores

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

Liabilities / Assets

78th percentile

1.02x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

12.00x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Net Margin

23rd percentile

-16%

Higher net margin than 23% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Asset Growth

83rd percentile

8.1%

Faster asset growth than 83% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

231%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$13,106,205

Up $984,813 (+8.1%) from 2014

Net Assets

Down

-$319,723

Down $173,967 (-119%) from 2014

Liabilities

Up

$13,425,928

Up $1,158,780 (+9.4%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin23rd percentile

Revenue

Up

$1,118,819

Up $780,657 (+231%) from 2014

Expenses

Up

$1,292,786

Up $877,025 (+211%) from 2014

Net Income

Down

-$173,967

Down $96,368 (-124%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $2,051,955Liabilities 2011: $1,789,317Net Assets 2011: $262,6382011Assets 2012: $5,547,510Liabilities 2012: $5,385,816Net Assets 2012: $161,6942012Assets 2013: $5,615,937Liabilities 2013: $5,684,094Net Assets 2013: -$68,1572013Assets 2014: $12,121,392Liabilities 2014: $12,267,148Net Assets 2014: -$145,7562014Assets 2015: $13,106,205Liabilities 2015: $13,425,928Net Assets 2015: -$319,7232015Assets 2016: $13,196,764Liabilities 2016: $13,715,783Net Assets 2016: -$519,0192016Assets 2017: $10,652,953Liabilities 2017: $13,633,886Net Assets 2017: -$2,980,9332017Assets 2018: $10,578,544Liabilities 2018: $13,671,900Net Assets 2018: -$3,093,3562018Assets 2019: $10,443,199Liabilities 2019: $13,692,923Net Assets 2019: -$3,249,7242019Assets 2020: $10,270,225Liabilities 2020: $13,788,109Net Assets 2020: -$3,517,8842020Assets 2021: $9,883,829Liabilities 2021: $13,662,330Net Assets 2021: -$3,778,5012021Assets 2022: $9,476,681Liabilities 2022: $13,479,262Net Assets 2022: -$4,002,5812022Assets 2023: $9,252,624Liabilities 2023: $13,732,634Net Assets 2023: -$4,480,0102023Assets 2024: $9,463,720Liabilities 2024: $14,406,180Net Assets 2024: -$4,942,4602024

Highlighted filing

2015

Assets$13,106,205
Liabilities$13,425,928
Net Assets-$319,723
Open 2015 Filing

Operations Trend

Revenue Growth96th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $107,7952011Expenses 2012: $130,3052012Expenses 2013: $442,4892013Revenue 2014: $338,162Expenses 2014: $415,761Net Income 2014: -$77,5992014Revenue 2015: $1,118,819Expenses 2015: $1,292,786Net Income 2015: -$173,9672015Revenue 2016: $949,108Expenses 2016: $1,148,404Net Income 2016: -$199,2962016Revenue 2017: $1,004,919Expenses 2017: $1,301,522Net Income 2017: -$296,6032017Revenue 2018: $1,105,176Expenses 2018: $1,217,599Net Income 2018: -$112,4232018Revenue 2019: $1,025,677Expenses 2019: $1,182,045Net Income 2019: -$156,3682019Revenue 2020: $1,045,812Expenses 2020: $1,232,073Net Income 2020: -$186,2612020Revenue 2021: $1,075,365Expenses 2021: $1,335,982Net Income 2021: -$260,6172021Revenue 2022: $1,200,942Expenses 2022: $1,425,022Net Income 2022: -$224,0802022Revenue 2023: $1,092,479Expenses 2023: $1,569,908Net Income 2023: -$477,4292023Revenue 2024: $1,093,253Expenses 2024: $1,555,703Net Income 2024: -$462,4502024

Highlighted filing

2015

Revenue$1,118,819
Expenses$1,292,786
Net Income-$173,967
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,118,819
Mission and Program Overview

Mission

Develop, on a non-profit basis, a housing project for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,252,989$9,232,368▲ $979,379
Intangible Assets$2,364,521$2,314,090▼ $50,431
Cash and Non-Interest-Bearing Accounts$396,121$550,742▲ $154,621
Accounts Receivable$57,470$46,619▼ $10,851
Prepaid Expenses and Deferred Charges$77,415$29,566▼ $47,849
Total Assets$12,121,392$13,106,205▲ $984,813
Other Assets Total$972,876$932,820▼ $40,056
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,242,517$13,111,295▲ $868,778
Other Liabilities$11,314$172,669▲ $161,355
Accounts Payable and Accrued Expenses$11,965$139,578▲ $127,613
Deferred Revenue$1,352$2,386▲ $1,034
Total Liabilities$12,267,148$13,425,928▲ $1,158,780
Net Assets / Fund Balance
Unrestricted Net Assets$-145,756$-319,723▼ $173,967
Total Net Assets Fund Balance$-145,756$-319,723▼ $173,967
Total Liabilities and Net Assets / Fund Balance$12,121,392$13,106,205▲ $984,813

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,726,839$5,550,996$14,277,835
Land$502,213-$502,213
Equipment$3,316$6,159$9,475
Other Assets Org$13,467--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Dorothy AmadiDirector
Natalie BrownSecretary/director
Julia BoydTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,114,605
Investment Income
$0
Other Revenue
$4,214
Change in Net Assets
$-173,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,118,819
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,118,819
Total Revenue per Form 990
$1,118,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,172,317
Salaries, Compensation, and Employee Benefits$120,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$354,037--$354,037
All Other Expenses$189,757$7,834-$197,591
Other Salaries and Wages$99,989$20,480-$120,469
Other Expenses$82,125--$82,125
Fees for Services Management$63,677$13,042-$76,719
Insurance$54,913--$54,913
Interest$42,359--$42,359
Fees for Services Legal$18,368--$18,368
Fees for Services Accounting$14,940$3,060-$18,000
Office Expenses$611$125-$736
Total Functional Expenses$1,248,245$44,541$0$1,292,786

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,292,786
Total Expenses per Audited Statements$1,292,786
Total Expenses per Form 990$1,292,786
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retainage Payable$107,594
Due to Affiliates$50,000
Tenant Security Deposits$15,075
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Organization of this size does not have committees.”

Form 990, Part VI, Section B, Line 11

“Form 990 will be completed annually and copies will be provided to the entire governing board as well as the president of the organization. At that time the president will review the form 990 with the designated board members. Any necessary changes will then be updated on form. Once all necessary changes are made and the president is in agreement with designated board members on the finished form 990, it will be signed by the president, dated and submitted by the filing deadline. A copy of the approved form 990 will be provided to all of the officers, directors and trustees before the return is filed.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Form 990, Part VII

“Natalie brown - 869 eastern parkway, brooklyn, ny 11213. Julia boyd - 869 eastern parkway, apt 1b, brooklyn, ny 11213. Dorothy amadi - 784 belmont avenue, apt 2, brooklyn, ny 11208.”

Filing and Contact Details

Filer

Filer Name
Mhany 2002 Housing Development Fund
EIN
32-0007137
Phone
7182468080
Address
ONE METRO TECH NORTH 11TH FLOOR, BROOKLYN, NY 11201

Signing Officer

Name
Ismene Speliotis
Title
Director
Phone
7182468080
Signed
2015-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ismene Speliotis
Formed
2002
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Fruchter Rosen & Company Pc
Address
156 WEST 56TH STREET STE 1804, NEW YORK, NY 10019
Preparer
Eric Rosen
Phone
2129573600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Electric: program service expenses 53,268. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,268. Supplies: program service expenses 48,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,893. Violations: program service expenses 38,250. Management and general expenses 7,834. Fundraising expenses 0. Total expenses 46,084. Bad debts: program service expenses 45,847. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,847. Filing fees: program service expenses 3,499. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,499.”

Financial Statement Notes

PART X, LINE 2:

“Mhany 2002's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Mhany 2002 has no uncertain tax positions resulting in an accrual of tax expense or benefit.”

Raw XML AppendixShowing 400 of 417 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011965
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0139578
IRS990/AccountsReceivableGrp/BOYAmt057470
IRS990/AccountsReceivableGrp/EOYAmt046619
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07834
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0189757
IRS990/AllOtherExpensesGrp/TotalAmt0197591
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NORWAX ASSOCIATES INC
IRS990/BooksInCareOfDetail/PhoneNum09142370600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01046 MCLEAN AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0YONKERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010704
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0396121
IRS990/CashNonInterestBearingGrp/EOYAmt0550742
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01172317
IRS990/CYOtherRevenueAmt04214
IRS990/CYProgramServiceRevenueAmt01114605
IRS990/CYRevenuesLessExpensesAmt0-173967
IRS990/CYSalariesCompEmpBnftPaidAmt0120469
IRS990/CYTotalExpensesAmt01292786
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01118819
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01352
IRS990/DeferredRevenueGrp/EOYAmt02386
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0354037
IRS990/DepreciationDepletionGrp/TotalAmt0354037
IRS990/Desc0EXPENSES WERE INCURRED FOR THE MAINTENANCE OF A HOUSING PROJECT DEVELOPED FOR THE BENEFIT OF PERSONS OF LOW INCOME.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01248245
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03060
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014940
IRS990/FeesForServicesAccountingGrp/TotalAmt018000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt018368
IRS990/FeesForServicesLegalGrp/TotalAmt018368
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013042
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt063677
IRS990/FeesForServicesManagementGrp/TotalAmt076719
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0NATALIE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm1JULIA BOYD
IRS990/Form990PartVIISectionAGrp/PersonNm2DOROTHY AMADI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01118819
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt054913
IRS990/InsuranceGrp/TotalAmt054913
IRS990/IntangibleAssetsGrp/BOYAmt02364521
IRS990/IntangibleAssetsGrp/EOYAmt02314090
IRS990/InterestGrp/ProgramServicesAmt042359
IRS990/InterestGrp/TotalAmt042359
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05557155
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08252989
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09232368
IRS990/LandBldgEquipCostOrOtherBssAmt014789523
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012242517
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013111295
IRS990/NetAssetsOrFundBalancesBOYAmt0-145756
IRS990/NetAssetsOrFundBalancesEOYAmt0-319723
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0125
IRS990/OfficeExpensesGrp/ProgramServicesAmt0611
IRS990/OfficeExpensesGrp/TotalAmt0736
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0972876
IRS990/OtherAssetsTotalGrp/EOYAmt0932820
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0WATER & SEWER
IRS990/OtherExpensesGrp/Desc1HEATING
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3REPAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt0122774
IRS990/OtherExpensesGrp/ProgramServicesAmt1115441
IRS990/OtherExpensesGrp/ProgramServicesAmt289254
IRS990/OtherExpensesGrp/ProgramServicesAmt382125
IRS990/OtherExpensesGrp/TotalAmt0122774
IRS990/OtherExpensesGrp/TotalAmt1115441
IRS990/OtherExpensesGrp/TotalAmt289254
IRS990/OtherExpensesGrp/TotalAmt382125
IRS990/OtherLiabilitiesGrp/BOYAmt011314
IRS990/OtherLiabilitiesGrp/EOYAmt0172669
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04214
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04214
IRS990/OtherRevenueTotalAmt04214
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020480
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt099989
IRS990/OtherSalariesAndWagesGrp/TotalAmt0120469
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt077415
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029566
IRS990/PrincipalOfficerNm0ISMENE SPELIOTIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01114605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01114605
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0373627
IRS990/PYOtherRevenueAmt0716
IRS990/PYProgramServiceRevenueAmt0337446
IRS990/PYRevenuesLessExpensesAmt0-77599
IRS990/PYSalariesCompEmpBnftPaidAmt042134
IRS990/PYTotalExpensesAmt0415761
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0338162
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-173967
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01118819
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01118819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0338162
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01456981
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01456981
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01118819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0338162
IRS990ScheduleA/Total509Grp/TotalAmt01456981
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01118819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0338162
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01456981
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08726839
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05550996
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014277835
IRS990ScheduleD/EquipmentGrp/BookValueAmt03316
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06159
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09475
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01292786
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0502213
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0502213
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0869353
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213467
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW FUND RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2107594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RETAINAGE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01118819
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MHANY 2002'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. MHANY 2002 HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09232368
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0932820
IRS990ScheduleD/TotalExpensesPerForm990Amt01292786
IRS990ScheduleD/TotalLiabilityAmt0172669
IRS990ScheduleD/TotalRevenuePerForm990Amt01118819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01118819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01292786
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION OF THIS SIZE DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE GOVERNING BOARD AS WELL AS THE PRESIDENT OF THE ORGANIZATION. AT THAT TIME THE PRESIDENT WILL REVIEW THE FORM 990 WITH THE DESIGNATED BOARD MEMBERS. ANY NECESSARY CHANGES WILL THEN BE UPDATED ON FORM. ONCE ALL NECESSARY CHANGES ARE MADE AND THE PRESIDENT IS IN AGREEMENT WITH DESIGNATED BOARD MEMBERS ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE PRESIDENT, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO ALL OF THE OFFICERS, DIRECTORS AND TRUSTEES BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NATALIE BROWN - 869 EASTERN PARKWAY, BROOKLYN, NY 11213. JULIA BOYD - 869 EASTERN PARKWAY, APT 1B, BROOKLYN, NY 11213. DOROTHY AMADI - 784 BELMONT AVENUE, APT 2, BROOKLYN, NY 11208.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ELECTRIC: PROGRAM SERVICE EXPENSES 53,268. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,268. SUPPLIES: PROGRAM SERVICE EXPENSES 48,893. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,893. VIOLATIONS: PROGRAM SERVICE EXPENSES 38,250. MANAGEMENT AND GENERAL EXPENSES 7,834. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,084. BAD DEBTS: PROGRAM SERVICE EXPENSES 45,847. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,847. FILING FEES: PROGRAM SERVICE EXPENSES 3,499. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,499.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0208274955
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0ACORN NJ STRAIGHT APARTMENTS LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0ONE METRO TECH NORTH 11TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd011201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MHANY MANAGEMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0721303737
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVISION TO RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED. PROMOTION O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE METRO TECH NORTH 11TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1105350
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt250000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt376719
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ACORN NJ STRAIGHT APARTMENTS LP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MHANY MANAGEMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2MHANY MANAGEMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3MHANY MANAGEMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012121392
IRS990/TotalAssetsEOYAmt013106205
IRS990/TotalAssetsGrp/BOYAmt012121392
IRS990/TotalAssetsGrp/EOYAmt013106205
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044541
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01248245
IRS990/TotalFunctionalExpensesGrp/TotalAmt01292786
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012267148
IRS990/TotalLiabilitiesEOYAmt013425928
IRS990/TotalLiabilitiesGrp/BOYAmt012267148
IRS990/TotalLiabilitiesGrp/EOYAmt013425928
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-145756
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-319723
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01248245
IRS990/TotalProgramServiceRevenueAmt01114605
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01118819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01118819
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012121392
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013106205
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-145756
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-319723
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE METRO TECH NORTH 11TH FLOOR
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ISMENE SPELIOTIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07182468080
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MHANY 2002 HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0MHAN
ReturnHeader/Filer/EIN0320007137
ReturnHeader/Filer/PhoneNum07182468080
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE METRO TECH NORTH 11TH FLOOR

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,106,205
Liabilities
$13,425,928
Net assets
-$319,723
Revenue
$1,118,819
Expenses
$1,292,786
Net income
-$173,967
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.46$14.4$4.94$1.09$1.56$0.46
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.25$13.7$4.48$1.09$1.57$0.48
2022Detailed filing. Detailed filing data is available for this year.$9.48$13.5$4.00$1.20$1.43$0.22
2021Detailed filing. Detailed filing data is available for this year.$9.88$13.7$3.78$1.08$1.34$0.26
2020Detailed filing. Detailed filing data is available for this year.$10.3$13.8$3.52$1.05$1.23$0.19
2019Detailed filing. Detailed filing data is available for this year.$10.4$13.7$3.25$1.03$1.18$0.16
2018Detailed filing. Detailed filing data is available for this year.$10.6$13.7$3.09$1.11$1.22$0.11
2017Detailed filing. Detailed filing data is available for this year.$10.7$13.6$2.98$1.00$1.30$0.30
2016Detailed filing. Detailed filing data is available for this year.$13.2$13.7$0.52$0.95$1.15$0.20
2015Detailed filing. Detailed filing data is available for this year.$13.1$13.4$0.32$1.12$1.29$0.17
2014Detailed filing. Detailed filing data is available for this year.$12.1$12.3$0.15$0.34$0.42$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$5.68$0.07$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$5.39$0.16$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$1.79$0.26$0.11