Civic Intelligence

Mhany Peninsula Local Development Corporation

990 • Fiscal year 2023 • EIN 32-0575794

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

Organization ProfileN/A
470 Vanderbilt Ave 9th FloorBrooklyn, NY 11238

(718) 246-8080

Siviq Scores

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

Liabilities / Assets

95th percentile

1.03x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

232.17x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

1st percentile

-624%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

31st percentile

0.8%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$39,467,896

Up $329,638 (+0.8%) from 2022

Net Assets

Down

-$1,275,297

Down $720,470 (-130%) from 2022

Liabilities

Up

$40,743,193

Up $1,050,108 (+2.6%) from 2022

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$175,491

Down $387,878 (-69%) from 2022

Expenses

Up

$1,270,047

Up $167,054 (+15%) from 2022

Net Income

Down

-$1,094,556

Down $554,932 (-103%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$60M$40M$20M$0-$20MAssets 2019: $11,146,292Liabilities 2019: $11,133,306Net Assets 2019: $12,9862019Assets 2020: $43,090,941Liabilities 2020: $43,094,019Net Assets 2020: -$3,0782020Assets 2021: $38,354,776Liabilities 2021: $38,369,979Net Assets 2021: -$15,2032021Assets 2022: $39,138,258Liabilities 2022: $39,693,085Net Assets 2022: -$554,8272022Assets 2023: $39,467,896Liabilities 2023: $40,743,193Net Assets 2023: -$1,275,2972023Assets 2024: $38,843,159Liabilities 2024: $41,944,796Net Assets 2024: -$3,101,6372024

Highlighted filing

2023

Assets$39,467,896
Liabilities$40,743,193
Net Assets-$1,275,297
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2019: $12,996Expenses 2019: $10Net Income 2019: $12,9862019Revenue 2020: $0Expenses 2020: $16,064Net Income 2020: -$16,0642020Revenue 2021: $0Expenses 2021: $12,125Net Income 2021: -$12,1252021Revenue 2022: $563,369Expenses 2022: $1,102,993Net Income 2022: -$539,6242022Revenue 2023: $175,491Expenses 2023: $1,270,047Net Income 2023: -$1,094,5562023Revenue 2024: $707,081Expenses 2024: $1,928,448Net Income 2024: -$1,221,3672024

Highlighted filing

2023

Revenue$175,491
Expenses$1,270,047
Net Income-$1,094,556
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$175,491
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$37,934,206$37,868,453▼ $65,753
Accounts Receivable$911,264$1,419,627▲ $508,363
Prepaid Expenses and Deferred Charges$7,204$7,250▲ $46
Cash and Non-Interest-Bearing Accounts$43,602$5,168▼ $38,434
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-554,827$-1,275,297▼ $720,470
Total Assets$39,138,258$39,467,896▲ $329,638
Other Assets Total$241,982$167,398▼ $74,584
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,275,803$17,973,985▼ $301,818
Deferred Revenue$14,973,357$14,959,909▼ $13,448
Other Liabilities$6,174,297$7,625,483▲ $1,451,186
Accounts Payable and Accrued Expenses$214,656$93,749▼ $120,907
Escrow Account Liability$54,972$90,067▲ $35,095
Total Liabilities$39,693,085$40,743,193▲ $1,050,108
Net Assets / Fund Balance
Total Net Assets Fund Balance$-554,827$-1,275,297▼ $720,470
Total Liabilities and Net Assets / Fund Balance$39,138,258$39,467,896▲ $329,638

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,868,453$1,024,112$38,892,565
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Natalie BrownPresident
Dorothy AmadiSecretary
Jenny PachecoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,525
Program Service Revenue
$111,966
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,094,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,491
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-4,159
Total Revenue per Audited Statements
$171,332
Total Revenue per Form 990
$175,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,270,047
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$972,315--$972,315
Occupancy$171,042--$171,042
Other Expenses$35,032--$35,032
Insurance$24,246--$24,246
Fees for Services Accounting$12,190--$12,190
Fees for Services Management-$2,780-$2,780
All Other Expenses$2,732--$2,732
Office Expenses$517--$517
Total Functional Expenses$1,267,267$2,780$0$1,270,047

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,270,047
Expenses per Audited Statements$1,265,888
Total Expenses per Audited Statements$1,265,888
Expenses Not Reported on Financial Statements$4,159
Other Expense Adjustments$4,159
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
Due to Affiliates$5,962,828
Deferred Developer Fee Payable$1,490,432
Construction Costs Payable$172,223
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegates all management responsibilities to mhany management.”

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

“Organization does not have commitiees.”

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

“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 submitied 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.”

Filing and Contact Details

Filer

Filer Name
Mhany Peninsula Local Development
EIN
32-0575794
Phone
7182468080
Address
470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY 11238

Signing Officer

Name
Ismene Speliotis
Title
Executive Director
Phone
7182468080
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ismene Speliotis
Formed
2018
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cohnreznick Llp
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 12 A AND B:

“As of the date of filing the financial statement audit for the organization. Has not yet been completed. Form 990 has been prepared based on best information available. Should information substantially change upon the completion of the financial statement audit, appropriate action will be taken.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization maintains security deposits as rquired by state law.”

PART X, LINE 2:

“The corporation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended december 31, 2023 and 2022. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file informational returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Informational returns filed by the corporation are subject to examination by the irs for a period of three years. No informational returns are currently being examined by the irs. Tax years since 2020 remain open.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Amounts reclassified to expenses -4,159.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Amounts reclassified from revenue 4,159.”

Raw XML AppendixShowing 400 of 916 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/BOYAmt0214656
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt093749
IRS990/AccountsReceivableGrp/BOYAmt0911264
IRS990/AccountsReceivableGrp/EOYAmt01419627
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DEVELOP, ON A NON PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02732
IRS990/AllOtherExpensesGrp/TotalAmt02732
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ISMENE SPELIOTIS
IRS990/BooksInCareOfDetail/PhoneNum07182468080
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0470 VANDERBILT AVE 9TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011238
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt043602
IRS990/CashNonInterestBearingGrp/EOYAmt05168
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt063525
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01270047
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0111966
IRS990/CYRevenuesLessExpensesAmt0-1094556
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01270047
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0175491
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt014973357
IRS990/DeferredRevenueGrp/EOYAmt014959909
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0972315
IRS990/DepreciationDepletionGrp/TotalAmt0972315
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/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt054972
IRS990/EscrowAccountLiabilityGrp/EOYAmt090067
IRS990/ExpenseAmt01267267
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt012190
IRS990/FeesForServicesAccountingGrp/TotalAmt012190
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02780
IRS990/FeesForServicesManagementGrp/TotalAmt02780
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt013.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt113.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt213.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0DOROTHY AMADI
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNY PACHECO
IRS990/Form990PartVIISectionAGrp/PersonNm2NATALIE BROWN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt063525
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0175491
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt024246
IRS990/InsuranceGrp/TotalAmt024246
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01024112
IRS990/LandBldgEquipBasisNetGrp/BOYAmt037934206
IRS990/LandBldgEquipBasisNetGrp/EOYAmt037868453
IRS990/LandBldgEquipCostOrOtherBssAmt038892565
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/BOYAmt018275803
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017973985
IRS990/NetAssetsOrFundBalancesBOYAmt0-554827
IRS990/NetAssetsOrFundBalancesEOYAmt0-1275297
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0171042
IRS990/OccupancyGrp/TotalAmt0171042
IRS990/OfficeExpensesGrp/ProgramServicesAmt0517
IRS990/OfficeExpensesGrp/TotalAmt0517
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0241982
IRS990/OtherAssetsTotalGrp/EOYAmt0167398
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt049193
IRS990/OtherExpensesGrp/ProgramServicesAmt135032
IRS990/OtherExpensesGrp/TotalAmt049193
IRS990/OtherExpensesGrp/TotalAmt135032
IRS990/OtherLiabilitiesGrp/BOYAmt06174297
IRS990/OtherLiabilitiesGrp/EOYAmt07625483
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07204
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07250
IRS990/PrincipalOfficerNm0ISMENE SPELIOTIS
IRS990/PriorPeriodAdjustmentsAmt0374086
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111966
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01102993
IRS990/PYOtherRevenueAmt04000
IRS990/PYProgramServiceRevenueAmt0559369
IRS990/PYRevenuesLessExpensesAmt0-539624
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01102993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0563369
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1094556
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0111966
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-554827
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1275297
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2019 AMOUNT: $ 12,996. 2022 AMOUNT: $ 4,000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt063525
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt063525
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt044324
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044324
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0111966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0515045
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0627011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt044324
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044324
IRS990ScheduleA/InvestmentIncomeCYPct00.05900
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt012996
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016996
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91840
IRS990ScheduleA/PublicSupportTotal509Amt0690536
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0175491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0515045
IRS990ScheduleA/Total509Grp/TotalAmt0690536
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0175491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0563369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt012996
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0751856
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04159
IRS990ScheduleD/ExpensesSubtotalAmt01265888
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherExpensesNotIncludedAmt04159
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt037868453
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01024112
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038892565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05962828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1172223
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21490432
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSTRUCTION COSTS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED DEVELOPER FEE PAYABLE
IRS990ScheduleD/OtherRevenueAmt0-4159
IRS990ScheduleD/RevenueNotReportedAmt0-4159
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0175491
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS RQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE INFORMATIONAL RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INFORMATIONAL RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. NO INFORMATIONAL RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS. TAX YEARS SINCE 2020 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AMOUNTS RECLASSIFIED TO EXPENSES -4,159.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3AMOUNTS RECLASSIFIED FROM REVENUE 4,159.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037868453
IRS990ScheduleD/TotalExpensesPerForm990Amt01270047
IRS990ScheduleD/TotalLiabilityAmt07625483
IRS990ScheduleD/TotalRevenuePerForm990Amt0175491
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0171332
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01265888
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF THE DATE OF FILING THE FINANCIAL STATEMENT AUDIT FOR THE ORGANIZATION. HAS NOT YET BEEN COMPLETED. FORM 990 HAS BEEN PREPARED BASED ON BEST INFORMATION AVAILABLE. SHOULD INFORMATION SUBSTANTIALLY CHANGE UPON THE COMPLETION OF THE FINANCIAL STATEMENT AUDIT, APPROPRIATE ACTION WILL BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATES ALL MANAGEMENT RESPONSIBILITIES TO MHANY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION DOES NOT HAVE COMMITIEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 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 SUBMITIED 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/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 12 A AND B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd10N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd11N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd12N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd13N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd14N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd15N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd16N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd17N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0208927666
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1208446679
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2010869756
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3208274707
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN4412276159
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN5900601941
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN6462031952
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN7474107386
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN8473736819
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN9900127755
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN10202487336
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN11721303737
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN12412276156
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN13821117521
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN14455133550
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN15822972738
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN16061831748
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN17262210414
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt6C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt7C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt8C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt9C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt10C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt11C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt12C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt13C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt14C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt15C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt16C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt17C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd6NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd7NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd8NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd9NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd10NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd11NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd12NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd13NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd14NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd15NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd16NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd17NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt6INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt7INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt8INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt9INVESTMENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,467,896
Liabilities
$40,743,193
Net assets
-$1,275,297
Revenue
$175,491
Expenses
$1,270,047
Net income
-$1,094,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.8$41.9$3.10$0.71$1.93$1.22
2023Detailed filing. Detailed filing data is available for this year.$39.5$40.7$1.28$0.18$1.27$1.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.1$39.7$0.55$0.56$1.10$0.54
2021Detailed filing. Detailed filing data is available for this year.$38.4$38.4$0.02$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$43.1$43.1$0.00$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$11.1$11.1$0.01$0.01$0.00$0.01