Civic Intelligence

Brook Avenue Housing Development Fund Corporation

990EZ • Fiscal year 2023 • EIN 41-2217113

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 16, 2024

505 Eighth Avenue 5th FloorNew York, NY 10018

(212) 389-9300

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.31x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Asset Growth

59th percentile

0.0%

Faster asset growth than 59% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Flat

$28,973

Flat from 2022

Net Assets

Flat

$19,887

Flat from 2022

Liabilities

Flat

$9,086

Flat from 2022

Revenue

Flat

$0

Flat from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Flat

$0

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2010: $16,775Liabilities 2010: $17,049Net Assets 2010: -$2742010Assets 2011: $40,098Liabilities 2011: $19,4742011Assets 2016: $45,748Liabilities 2016: $25,836Net Assets 2016: $19,9122016Assets 2017: $40,098Liabilities 2017: $20,186Net Assets 2017: $19,9122017Assets 2018: $28,973Liabilities 2018: $9,086Net Assets 2018: $19,8872018Assets 2019: $28,973Liabilities 2019: $9,086Net Assets 2019: $19,8872019Assets 2020: $28,973Liabilities 2020: $9,086Net Assets 2020: $19,8872020Assets 2021: $28,973Liabilities 2021: $9,086Net Assets 2021: $19,8872021Assets 2022: $28,973Liabilities 2022: $9,086Net Assets 2022: $19,8872022Assets 2023: $28,973Liabilities 2023: $9,086Net Assets 2023: $19,8872023Assets 2024: $28,973Liabilities 2024: $9,136Net Assets 2024: $19,8372024

Highlighted filing

2023

Assets$28,973
Liabilities$9,086
Net Assets$19,887

Operations Trend

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

$30K$20K$10K$0-$10KExpenses 2010: $02010Revenue 2011: $23,398Expenses 2011: $2,500Net Income 2011: $20,8982011Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $25Net Income 2018: -$252018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $50Net Income 2024: -$502024

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 16, 2024
Return Version
2023v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

Brook avenue housing development fund corporation's primary exempt purpose is to acquire and/or develop property for the benefit of breaking ground housing development fund and its affiliated tax-exempt organizations.

Program Services

DescriptionGrantsExpenses
PROGRAM SERVICE ACCOMPLISHMENT 1BROOK AVENUE - BROOK AVENUE HOUSING DEVELOPMENT FUND CORPORATION IS THE MANAGING MEMBER OF THE PARTNERSHIP ENTITY THAT OWNS THE LOW-INCOME HOUSING FACILITY KNOWN AS THE BROOK. THE BROOK IS A SIX-STORY RESIDENCE THAT PLAYS A KEY ROLE IN REVITALIZING THE SURROUNDING COMMUNITY. THE 190-UNIT BUILDING INCLUDES GROUND FLOOR COMMUNITY AND RETAIL SPACE AND PROVIDES PERMANENT SUPPORTIVE HOUSING TO LOW-INCOME WORKERS, PEOPLE WITH HIV/AIDS, AND CHRONICALLY HOMELESS INDIVIDUALS, INCLUDING INDIVIDUALS WITH MENTAL ILLNESS. AS MANAGING MEMBER, THE ORGANIZATION DID NOT UNDERTAKE ANY ACTIVE PROGRAM SERVICE ACTIVITIES IN 2023.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRENDA E ROSENPresident & CEO-$0--
KEVIN MORANCFO-$0--
DAVID BEERVice President-$0--
JUDITH ROSENFELDSecretary-$0--
BENJAMIN STACKSTreasurer-$0--
NICHOLAS TSANGChairman-$0--
Filing and Contact Details

Filer

Filer Name
Brook Avenue Housing Development
EIN
41-2217113
Phone
2123899300
Address
505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY 10018

Signing Officer

Name
Kevin Moran
Title
CFO
Phone
2123899300
Signed
2024-09-16
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24 - Other Assets

Description: investment in affiliate. Beg. Of year amount: 23,323. End of year amount: 23,323. Description: due from affiliates. Beg. Of year amount: 5,650. End of year amount: 5,650.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 100. End of year amount: 100. Description: due to affiliates. Beg. Of year amount: 8,986. End of year amount: 8,986.

Raw XML Appendix159 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5NICHOLAS TSANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CHAIRMAN
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt0BROOK AVENUE HOUSING DEVELOPMENT FUND CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE AND/OR DEVELOP PROPERTY FOR THE BENEFIT OF BREAKING GROUND HOUSING DEVELOPMENT FUND AND ITS AFFILIATED TAX-EXEMPT ORGANIZATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROGRAM SERVICE ACCOMPLISHMENT 1BROOK AVENUE - BROOK AVENUE HOUSING DEVELOPMENT FUND CORPORATION IS THE MANAGING MEMBER OF THE PARTNERSHIP ENTITY THAT OWNS THE LOW-INCOME HOUSING FACILITY KNOWN AS THE BROOK. THE BROOK IS A SIX-STORY RESIDENCE THAT PLAYS A KEY ROLE IN REVITALIZING THE SURROUNDING COMMUNITY. THE 190-UNIT BUILDING INCLUDES GROUND FLOOR COMMUNITY AND RETAIL SPACE AND PROVIDES PERMANENT SUPPORTIVE HOUSING TO LOW-INCOME WORKERS, PEOPLE WITH HIV/AIDS, AND CHRONICALLY HOMELESS INDIVIDUALS, INCLUDING INDIVIDUALS WITH MENTAL ILLNESS. AS MANAGING MEMBER, THE ORGANIZATION DID NOT UNDERTAKE ANY ACTIVE PROGRAM SERVICE ACTIVITIES IN 2023.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT IN AFFILIATE. BEG. OF YEAR AMOUNT: 23,323. END OF YEAR AMOUNT: 23,323. DESCRIPTION: DUE FROM AFFILIATES. BEG. OF YEAR AMOUNT: 5,650. END OF YEAR AMOUNT: 5,650.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 100. END OF YEAR AMOUNT: 100. DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 8,986. END OF YEAR AMOUNT: 8,986.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN MORAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02123899300
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROOK AVENUE HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BROO
ReturnHeader/Filer/EIN0412217113
ReturnHeader/Filer/PhoneNum02123899300
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0757 THIRD AVENUE 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100172013
ReturnHeader/PreparerPersonGrp/PhoneNum02125990100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT THOMPSETT
ReturnHeader/ReturnTs02024-09-16T11:55:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings