Promesa Homefirst Housing Development Fund

EIN 35-2217515 • 501(c)3 • Bronx, NY

Profile

To combat community deterioration and lessen neighborhood tensions through the residential revitalization of the bronx and adjacent areas of bronx county.

300 East 175th StreetBronx, NY 10457

www.acacianetwork.org

Siviq Scores

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

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

83458.68x

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

501(c)3 • $1M-$5M nonprofits • Source year 2019

-91536%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

$862,705

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 3081089.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2019

0.2%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

-96%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets93rd percentile

Assets

$2,422,178

Up $5,389 (+0.2%) from 2018

Liabilities

$2,336,843

Up $31,019 (+1.3%) from 2018

Net Assets

Down

$85,335

Down $25,630 (-23%) from 2018

Operations

Liabilities / Revenue100th percentile Net Margin1st percentile

Revenue

Down

$28

Down $722 (-96%) from 2018

Expenses

$25,658

Up $21,379 (+500%) from 2018

Net Income

Down

-$25,630

Down $22,101 (-626%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

Highlighted filing

2019

Assets$2,422,178

Liabilities$2,336,843

Net Assets$85,335

Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

Highlighted filing

2019

Revenue$28

Expenses$25,658

Net Income-$25,630

Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,422,178
Liabilities: $2,336,843
Net assets: $85,335
Revenue: $28
Expenses: $25,658
Net income: -$25,630

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2019Detailed filing. Detailed filing data is available for this year.	$2.42	$2.34	$0.09	$0.00	$0.03	$0.03
2018Detailed filing. Detailed filing data is available for this year.	$2.42	$2.31	$0.11	$0.00	$0.00	$0.00

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Nov 15, 2020
Return Version: 2019v5.1
Gross Receipts: $28

Mission and Program Overview

Mission

To combat community deterioration and lessen neighborhood tensions through the residential revitalization of the bronx and adjacent areas of bronx county.

To combat community deterioration and lessen neighborhood tensions through residential revitalization.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$2,328,520	$2,363,350	▲ $34,830
Cash and Non-Interest-Bearing Accounts	$80,644	$51,203	▼ $29,441
Prepaid Expenses and Deferred Charges	$7,625	$7,625	→ $0
Savings and Temporary Cash Investments	$0	$0	→ $0
Accounts Receivable	$0	$0	→ $0
Other Notes and Loans Receivable, Net	$0	$0	→ $0
Pledges and Grants Receivable	$0	$0	→ $0
Receivable From Disqualified Prsn	$0	$0	→ $0
Receivables From Officers Etc	$0	$0	→ $0
Investments Other Securities	$0	$0	→ $0
Investments Program Related	$0	$0	→ $0
Investments in Publicly Traded Securities	$0	$0	→ $0
Intangible Assets	$0	$0	→ $0
Inventories for Sale or Use	$0	$0	→ $0
Loans From Officers Directors	$0	$0	→ $0
Total Assets	$2,416,789	$2,422,178	▲ $5,389
Other Assets Total	$0	$0	→ $0
Liabilities
Other Liabilities	$2,299,977	$2,334,807	▲ $34,830
Accounts Payable and Accrued Expenses	$5,847	$2,036	▼ $3,811
Grants Payable	$0	$0	→ $0
Mortgage Notes Payable Secured by Investment Property	$0	$0	→ $0
Unsecured Notes Loans Payable	$0	$0	→ $0
Deferred Revenue	$0	$0	→ $0
Escrow Account Liability	$0	$0	→ $0
Tax Exempt Bond Liabilities	$0	$0	→ $0
Total Liabilities	$2,305,824	$2,336,843	▲ $31,019
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$110,965	$85,335	▼ $25,630
Net Assets With Donor Restrictions	$0	$0	→ $0
Total Net Assets Fund Balance	$110,965	$85,335	▼ $25,630
Total Liabilities and Net Assets / Fund Balance	$2,416,789	$2,422,178	▲ $5,389

Asset Categories

Asset	Book Value	Depreciation	Basis
Land	$1,800,000	-	$1,800,000
Other Land Buildings	$563,350	-	$563,350
Buildings	$0	-	$0
Equipment	$0	-	$0

Compensation and Service Providers

Top Officer Pay99th percentile

Employees

Name	Title	Other	Total
Hon Hector L Diaz	President (through 1/31/19)	$62,499	$62,499

Board Members and Trustees

Name	Title
Eduardo Alayon	Chair
Raul Russi	CEO and president
Milton a Derienzo	CFO
Lymaris Albors	CHIEF OF STAFF/COO
JOSE r RODRIGUEZ	CLO
David Collymore	CMO
Pamela Mattel	Former COO (through 6/30/18)
Carlos Laboy-Diaz	Secretary
Pedro Falcon	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $0
Investment Income: $28
Other Revenue: $0
Change in Net Assets: $-25,630

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$25,658
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Occupancy	$23,624	-	-	$23,624
Office Expenses	$2,034	-	-	$2,034
Total Functional Expenses	$25,658	$0	$0	$25,658

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Direct Expenses	$0
Fundraising Gross Income	$0
Gaming Direct Expenses	$0
Gaming Gross Income	$0
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 Item	Beginning	End	Change
Loans from Officers, Directors, Trustees, and Key Employees	$0	$0	→ $0
Receivables from Disqualified Persons	$0	$0	→ $0
Receivables from Officers, Directors, Trustees, and Key Employees	$0	$0	→ $0

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
1068 Franklin Avenue Housing Development	Bronx, NY	Housing	501(c)(4)	N/a	No
414-418 East 119th Street Greenhope Hous	Bronx, NY	Housing	501(c)(3)	7	No
607 Concord Avenue Housing Development F	Bronx, NY	Senior Servic	501(c)(3)	10	No
760 762 763 Fox Street Housing Develop	Bronx, NY	Housing	501(c)(3)	N/a	No
920 Prospect Avenue Housing Development	Bronx, NY	Housing	501(c)(3)	10	No
920 Prospect Gardens Housing Development	Bronx, NY	Housing	501(c)(3)	10	No
Acacia Florida Inc	Bronx, NY	Development	501(c)(3)	N/a	No
Acacia Gardens Housing Development Fund	Bronx, NY	Housing	501(c)(3)	N/a	No
Acacia Network Housing Inc	Bronx, NY	Housing	501(c)(3)	10	No
Acacia Network Inc	Bronx, NY	Admin	501(c)(3)	12	No
Acacia Puerto Rico Inc	Bronx, NY	Housing	501(c)(3)	N/a	No
Acacia Real Estate Development Inc	Bronx, NY	Development	501(c)(3)	N/a	No
Acacia Sendero Verde HDFC Inc	Bronx, NY	Housing	501(c)(3)	10	No
Acacia Sendero Verde II HDFC Inc	Bronx, NY	Housing	501(c)(3)	10	No
Audubon Partnership For Economic Develop	Bronx, NY	Community Ser	501(c)(3)	7	No
Ayuda Puerto Rico Inc	Bronx, NY	Humanitarian	501(c)(3)	7	No
Bronx Addiction Services Integrated Conc	Bronx, NY	Social Servic	501(c)(3)	7	No
Bronx Council for Economic Development L	Bronx, NY	Social Servic	501(c)(3)	7	No
Buffalo Hispanic Management Company Inc	Bronx, NY	Real Estate	501(c)(3)	N/a	No
Capital District Latinos Inc	Bronx, NY	Social Servic	501(c)(3)	N/a	No
Community Association of Progressive Dom	Bronx, NY	Social Servic	501(c)(3)	7	No
Corporation For Youth Energy Corps Inc	Bronx, NY	Youth Service	501(c)(3)	N/a	No
EHCCI Multi-Service Center Inc	Bronx, NY	Real Estate	501(c)(3)	10	No
East Harlem Council For Community Improv	Bronx, NY	Social Servic	501(c)(3)	10	No
East Harlem Council For Community Improv	Bronx, NY	Housing	501(c)(3)	10	No
East Harlem Council For Community Improv	Bronx, NY	Housing	501(c)(3)	10	No
El Cemi Housing Development Fund Company	Bronx, NY	Housing	501(c)(3)	7	No
El Regreso Inc	Bronx, NY	Social Servic	501(c)(3)	7	No
General Development and Orientation Coun	Bronx, NY	Social Servic	501(c)(3)	7	No
Greenhope Candace House Housing Developm	Bronx, NY	Housing	501(c)(3)	10	No
Greenhope Services For Women Inc	Bronx, NY	Social Servic	501(c)(3)	7	No
Hellgate Management Corp	Bronx, NY	Real Estate	501(c)(3)	10	No
Hispanos Unidos De Buffalo Inc	Bronx, NY	Social Servic	501(c)(3)	7	No
Hunts Point Multi-Service Center Inc	Bronx, NY	Social Servic	501(c)(3)	7	No
Institute For The Puerto RicanHispanic	Bronx, NY	Senior Servic	501(c)(3)	7	No
La Casa De Salud Inc	Bronx, NY	Health Svcs	501(c)(3)	10	No
La Casita II Housing Development Fund Co	Bronx, NY	Social Servic	501(c)(3)	N/a	No
Latino Alliance Resource And Management	Bronx, NY	Social Servic	501(c)(3)	10	No
Loisaida Inc	Bronx, NY	Community Svc	501(c)(3)	7	No
MINS Court Housing Company Inc	Bronx, NY	Housing	501(c)(3)	10	No
Maria Isabel Housing Development Fund Co	Bronx, NY	Housing	501(c)(3)	10	No
Melrose Park Housing Development Fund Co	Bronx, NY	Housing	Applied	10	No
Micasita Housing Development Fund Corpor	Bronx, NY	Housing	501(c)(3)	10	No
OUB Court Housing Company Inc	Bronx, NY	Housing	501(c)(3)	10	No
Promesa Administrative Services Organiza	Bronx, NY	Management	501(c)(3)	12	No
Promesa Foundation Inc	Bronx, NY	Admin	501(c)(3)	12	No
Promesa Residential Health Care Facility	Bronx, NY	Nursing Home	501(c)(3)	10	No
Queens Village Committee for Mental Heal	Jamaica, NY	Health Servic	501(c)(3)	7	No
South Bronx Community Management Company	Bronx, NY	Housing	501(c)(3)	7	No
Spanish Action League Of Onondaga County	Bronx, NY	Community Ser	501(c)(3)	7	No
Structured Employment Economic Developme	Bronx, NY	Social Servic	501(c)(3)	7	No
The Dormitory Project Housing Developmen	Bronx, NY	Housing	501(c)(3)	10	No
The Julio A Martinez Memorial Fund	Bronx, NY	Fundraising	501(c)(3)	7	No
The Promesa Housing Development Fund Cor	Bronx, NY	Housing	501(c)(3)	10	No
The Puerto Rican Organization To Motivat	Bronx, NY	Social Servic	501(c)(3)	10	No
United Bronx Parents Inc	Bronx, NY	Social Servic	501(c)(3)	7	No
Virginia House HDFC	Bronx, NY	Housing	501(c)(3)	10	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
1675 JV Associates LLC	Bronx, NY	Housing	-	-	-	-
245 E Mosholu Apts LLC	Bronx, NY	Housing	-	-	-	-
980 Prospect LLC	Bronx, NY	Real Estate	-	-	-	-
Acacia Gardens Affordable LLC	Bronx, NY	Housing	-	-	-	-
Acacia Gardens Development LLC	Bronx, NY	Development	-	-	-	-
Audubon Pharmacy LLC	Bronx, NY	Retail Pharma	-	-	-	-
Bella Vista LP	Bronx, NY	Housing	-	-	-	-
Casa Acacia LLC	Bronx, NY	Real Estate	-	-	-	-
Crotona Park Residences LLC	Bronx, NY	Housing	-	-	-	-
Distinctive Maintenance Partners LLC	Bronx, NY	Maintenance	-	-	-	-
Hope Gardens I PA LLC	Bronx, NY	Housing	-	-	-	-
La Plaza del Barrio LLC	Bronx, NY	Housing	-	-	-	-
Maria Isabel LP	Bronx, NY	Housing	-	-	-	-
Maria Isabel Members LLC	Bronx, NY	Housing	-	-	-	-
Melrose Estates Housing LP	Bronx, NY	Housing	-	-	-	-
Palacio Dorado LLC	Bronx, NY	Housing	-	-	-	-
Promesa Apartments Limited Partnership	Bronx, NY	Housing	-	-	-	-
Promesa Court Limited Partnership	Bronx, NY	Housing	-	-	-	-
Promesa Court Residences Limited Partner	Bronx, NY	Housing	-	-	-	-
SV-B Partners LLC	Bronx, NY	Housing	-	-	-	-
Sera Security Services LLC	Bronx, NY	Security	-	-	-	-
Urban Renaissance Collaboration Limited	Bronx, NY	Housing	-	-	-	-
Virginia House Residences LLC	Bronx, NY	Housing	-	-	-	-
West Tremont Residences LLC	Bronx, NY	Housing	-	-	-	-

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Due to Related Parties	$2,334,807

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

Governance Explanations

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

“The 990 is distributed to the board of directors prior to filing.”

Form 990, Part VI, Section C, Line 19

“THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC upon request.”

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

“Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, Line 15A & 15B

“PursuAnt to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceed.”

Filing and Contact Details

Filer

Filer Name: Promesa Homefirst Housing Development Fund
EIN: 35-2217515
In Care Of: % STEVE KADIN
Phone: 7182991100
Address: 300 EAST 175TH STREET, BRONX, NY 10457

Signing Officer

Name: Raul Russi
Title: CEO and President
Phone: 7182991100
Signed: 2020-11-15
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Raul Russi
Formed: 2003
Legal Domicile: Ny
Voting Board Members: 3
Independent Board Members: 3
Employees: 0
Volunteers: 3

Preparer

Firm: WithumSmithBrown PC
Address: ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer: Shawn Gillon
Phone: 7328281614

Supplemental Narrative

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“PROMESA HOMEFIRST is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New York taxation codes. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. PROMESA HOMEFIRST follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized in the consolidated financial statements only 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. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. PROMESA HOMEFIRST's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in PROMESA HOMEFIRST's tax filings and does not believe that any material uncertain tax positions exist. PROMESA HOMEFIRST did not record any tax related interest or penalties during the years in question. PROMESA HOMEFIRST files form 990 in the U.S. federal jurisdiction and CHAR 500 in the State of New York.”

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	1	9755
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	2	36393
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	3	14571
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	4	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	5	14571
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	6	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	7	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	8	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	9	0
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IRS990/Form990PartVIISectionAGrp/PersonNm	1	Lymaris Albors
IRS990/Form990PartVIISectionAGrp/PersonNm	2	JOSE r RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm	3	MILTON A DERIENZO
IRS990/Form990PartVIISectionAGrp/PersonNm	4	PAMELA MATTEL
IRS990/Form990PartVIISectionAGrp/PersonNm	5	DAVID COLLYMORE
IRS990/Form990PartVIISectionAGrp/PersonNm	6	HON HECTOR L DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm	7	Eduardo Alayon
IRS990/Form990PartVIISectionAGrp/PersonNm	8	Carlos Laboy-Diaz
IRS990/Form990PartVIISectionAGrp/PersonNm	9	Pedro Falcon
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	8	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	9	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	0	797383
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	430677
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	400990
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	391532
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	360500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	5	291652
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	62499
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	8	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	9	0
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	ceo and president
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	CHIEF OF STAFF/coo
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	cfo
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	FORMER COO (THROUGH 6/30/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	CMO
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	PRESIDENT (THROUGH 1/31/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	9	TREASURER
IRS990/Form990ProvidedToGvrnBodyInd	0	true
IRS990/FormationYr	0	2003
IRS990/FormerOfcrEmployeesListedInd	0	true
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd	0	X
IRS990/FSAuditedInd	0	true
IRS990/FundraisingActivitiesInd	0	false
IRS990/FundraisingDirectExpensesAmt	0	0
IRS990/FundraisingGrossIncomeAmt	0	0
IRS990/GamingActivitiesInd	0	false
IRS990/GamingDirectExpensesAmt	0	0
IRS990/GamingGrossIncomeAmt	0	0
IRS990/GoverningBodyVotingMembersCnt	0	3
IRS990/GrantsPayableGrp/BOYAmt	0	0
IRS990/GrantsPayableGrp/EOYAmt	0	0
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt	0	0
IRS990/GrantsToDomesticOrgsGrp/TotalAmt	0	0
IRS990/GrantsToIndividualsInd	0	false
IRS990/GrantsToOrganizationsInd	0	false
IRS990/GrantToRelatedPersonInd	0	false
IRS990/GrossReceiptsAmt	0	28
IRS990/GrossSalesOfInventoryAmt	0	0
IRS990/GroupReturnForAffiliatesInd	0	false
IRS990/IncludeFIN48FootnoteInd	0	true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt	0	0
IRS990/IndependentAuditFinclStmtInd	0	false
IRS990/IndependentVotingMemberCnt	0	3
IRS990/IndivRcvdGreaterThan100KCnt	0	0
IRS990/IndoorTanningServicesInd	0	false
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InfoInScheduleOPartXInd	0	X
IRS990/InformationTechnologyGrp/TotalAmt	0	0
IRS990/InsuranceGrp/TotalAmt	0	0
IRS990/IntangibleAssetsGrp/BOYAmt	0	0
IRS990/IntangibleAssetsGrp/EOYAmt	0	0
IRS990/InterestGrp/TotalAmt	0	0
IRS990/InventoriesForSaleOrUseGrp/BOYAmt	0	0
IRS990/InventoriesForSaleOrUseGrp/EOYAmt	0	0
IRS990/InvestmentIncomeGrp/ExclusionAmt	0	28
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt	0	28
IRS990/InvestmentInJointVentureInd	0	false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt	0	0
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt	0	0
IRS990/InvestmentsProgramRelatedGrp/BOYAmt	0	0
IRS990/InvestmentsProgramRelatedGrp/EOYAmt	0	0
IRS990/InvestmentsPubTradedSecGrp/BOYAmt	0	0
IRS990/InvestmentsPubTradedSecGrp/EOYAmt	0	0
IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	2328520
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	2363350
IRS990/LandBldgEquipCostOrOtherBssAmt	0	2363350
IRS990/LegalDomicileStateCd	0	NY
IRS990/LoanOutstandingInd	0	false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt	0	0
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt	0	0
IRS990/LobbyingActivitiesInd	0	false
IRS990/LocalChaptersInd	0	false
IRS990/MaterialDiversionOrMisuseInd	0	false
IRS990/MembersOrStockholdersInd	0	false
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	true
IRS990/MinutesOfGoverningBodyInd	0	true
IRS990/MissionDesc	0	TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY.
IRS990/MoreThan5000KToIndividualsInd	0	false
IRS990/MoreThan5000KToOrgInd	0	false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	0
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	0
IRS990/NetAssetsOrFundBalancesBOYAmt	0	110965
IRS990/NetAssetsOrFundBalancesEOYAmt	0	85335
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt	0	110965
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt	0	85335
IRS990/NondeductibleContributionsInd	0	false
IRS990/OccupancyGrp/ProgramServicesAmt	0	23624
IRS990/OccupancyGrp/TotalAmt	0	23624
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	2034
IRS990/OfficeExpensesGrp/TotalAmt	0	2034
IRS990/OfficerMailingAddressInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	0
IRS990/OtherAssetsTotalGrp/EOYAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	0
IRS990/OtherExpensesGrp/Desc	0	REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt	0	0
IRS990/OtherLiabilitiesGrp/BOYAmt	0	2299977
IRS990/OtherLiabilitiesGrp/EOYAmt	0	2334807
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	0
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt	0	0
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/TotalAmt	0	0
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	7625
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	7625
IRS990/PrincipalOfficerNm	0	RAUL RUSSI
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	0
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	750
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	4279
IRS990/PYOtherRevenueAmt	0	0
IRS990/PYProgramServiceRevenueAmt	0	0
IRS990/PYRevenuesLessExpensesAmt	0	-3529
IRS990/PYSalariesCompEmpBnftPaidAmt	0	0
IRS990/PYTotalExpensesAmt	0	4279
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	750
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt	0	0
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt	0	0
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-25630
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/RentalIncomeOrLossGrp/PersonalAmt	0	0
IRS990/RentalIncomeOrLossGrp/RealAmt	0	0
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	true
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	0
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	139238
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	139238
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	28
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	30
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	95
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	2
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	157
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	28
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	30
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	95
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	2
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	2
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	157
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00112
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	244
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	13
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	257
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.99704
IRS990ScheduleA/PublicSupportPY509Pct	0	0.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	139238
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	139238
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/Total509Grp/TotalAmt	0	139238
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	28
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	30
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	139577
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	15
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	2
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	139652
IRS990/ScheduleBRequiredInd	0	false
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	0
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	0
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	0
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt	0	0
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/LandGrp/BookValueAmt	0	1800000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	1800000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	563350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	563350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	2334807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	DUE TO RELATED PARTIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	PROMESA HOMEFIRST is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New York taxation codes. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. PROMESA HOMEFIRST follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized in the consolidated financial statements only 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. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. PROMESA HOMEFIRST's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in PROMESA HOMEFIRST's tax filings and does not believe that any material uncertain tax positions exist. PROMESA HOMEFIRST did not record any tax related interest or penalties during the years in question. PROMESA HOMEFIRST files form 990 in the U.S. federal jurisdiction and CHAR 500 in the State of New York.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	2363350
IRS990ScheduleD/TotalLiabilityAmt	0	2334807
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	true
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	false
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	false
IRS990ScheduleJ/InitialContractExceptionInd	0	false
IRS990/ScheduleJRequiredInd	0	true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	3	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	4	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	5	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	3	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	4	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	5	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	0	181414
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	1	33571

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