Civic Intelligence

St Mark Affordable Housing Devlop Fund Corporation

EIN 45-2158586 • 501(c)3 • Brooklyn, NY

Profile

Operates low income housing apartments

1417 Union StBrooklyn, NY 11213
Siviq Scores

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

Liabilities / Assets

85th percentile

1.33x

Higher debt load relative to assets than 85% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

6.96x

Higher debt load relative to revenue than 75% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

17th percentile

-30%

Higher net margin than 17% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

34th percentile

-2.2%

Faster asset growth than 34% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.6%

Faster revenue growth than 41% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,831,708

Down $220,071 (-2.2%) from 2023

Liabilities

Up

$13,106,900

Up $348,955 (+2.7%) from 2023

Net Assets

Down

-$3,275,192

Down $569,026 (-21%) from 2023

Revenue

Up

$1,884,407

Up $48,288 (+2.6%) from 2023

Expenses

Down

$2,453,433

Down $35,499 (-1.4%) from 2023

Net Income

Up

-$569,026

Up $83,787 (+13%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $10,206,027Liabilities 2011: $10,182,046Net Assets 2011: $23,9812011Assets 2012: $11,178,817Liabilities 2012: $11,383,522Net Assets 2012: -$204,7052012Assets 2013: $11,164,348Liabilities 2013: $11,512,696Net Assets 2013: -$348,3482013Assets 2014: $11,017,074Liabilities 2014: $11,525,967Net Assets 2014: -$508,8932014Assets 2015: $11,500,317Liabilities 2015: $12,288,459Net Assets 2015: -$788,1422015Assets 2016: $11,293,394Liabilities 2016: $12,415,061Net Assets 2016: -$1,121,6672016Assets 2017: $11,078,240Liabilities 2017: $12,508,517Net Assets 2017: -$1,430,2772017Assets 2018: $10,748,439Liabilities 2018: $12,546,984Net Assets 2018: -$1,798,5452018Assets 2019: $10,613,934Liabilities 2019: $12,652,116Net Assets 2019: -$2,038,1822019Assets 2020: $10,325,638Liabilities 2020: $12,662,898Net Assets 2020: -$2,337,2602020Assets 2021: $10,707,878Liabilities 2021: $12,285,035Net Assets 2021: -$1,577,1572021Assets 2022: $10,635,486Liabilities 2022: $12,688,839Net Assets 2022: -$2,053,3532022Assets 2023: $10,051,779Liabilities 2023: $12,757,945Net Assets 2023: -$2,706,1662023Assets 2024: $9,831,708Liabilities 2024: $13,106,900Net Assets 2024: -$3,275,1922024

Highlighted filing

2024

Assets$9,831,708
Liabilities$13,106,900
Net Assets-$3,275,192

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $396,809Expenses 2011: $372,828Net Income 2011: $23,9812011Revenue 2012: $1,589,398Expenses 2012: $1,818,084Net Income 2012: -$228,6862012Revenue 2013: $1,612,431Expenses 2013: $1,756,074Net Income 2013: -$143,6432013Revenue 2014: $1,695,335Expenses 2014: $1,855,880Net Income 2014: -$160,5452014Revenue 2015: $1,711,500Expenses 2015: $1,990,749Net Income 2015: -$279,2492015Revenue 2016: $1,679,774Expenses 2016: $2,013,299Net Income 2016: -$333,5252016Revenue 2017: $1,704,440Expenses 2017: $2,013,050Net Income 2017: -$308,6102017Revenue 2018: $1,789,297Expenses 2018: $2,157,565Net Income 2018: -$368,2682018Revenue 2019: $1,784,954Expenses 2019: $2,024,591Net Income 2019: -$239,6372019Revenue 2020: $1,816,574Expenses 2020: $2,115,652Net Income 2020: -$299,0782020Revenue 2021: $3,010,067Expenses 2021: $2,249,964Net Income 2021: $760,1032021Revenue 2022: $1,853,732Expenses 2022: $2,329,928Net Income 2022: -$476,1962022Revenue 2023: $1,836,119Expenses 2023: $2,488,932Net Income 2023: -$652,8132023Revenue 2024: $1,884,407Expenses 2024: $2,453,433Net Income 2024: -$569,0262024

Highlighted filing

2024

Revenue$1,884,407
Expenses$2,453,433
Net Income-$569,026

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$13.1$3.28$1.88$2.45$0.57
2023Summary only. Only limited summary data is available for this year.$10.1$12.8$2.71$1.84$2.49$0.65
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$12.7$2.05$1.85$2.33$0.48
2021Summary only. Only limited summary data is available for this year.$10.7$12.3$1.58$3.01$2.25$0.76
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$12.7$2.34$1.82$2.12$0.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$12.7$2.04$1.78$2.02$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$12.5$1.80$1.79$2.16$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$12.5$1.43$1.70$2.01$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$12.4$1.12$1.68$2.01$0.33
2015Detailed filing. Detailed filing data is available for this year.$11.5$12.3$0.79$1.71$1.99$0.28
2014Detailed filing. Detailed filing data is available for this year.$11.0$11.5$0.51$1.70$1.86$0.16
2013Summary only. Only limited summary data is available for this year.$11.2$11.5$0.35$1.61$1.76$0.14
2012Summary only. Only limited summary data is available for this year.$11.2$11.4$0.20$1.59$1.82$0.23
2011Summary only. Only limited summary data is available for this year.$10.2$10.2$0.02$0.40$0.37$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$1,884,407
Mission and Program Overview

Mission

Operates low income housing apartments

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,688,170$7,479,269▼ $208,901
Accounts Receivable$310,072$368,392▲ $58,320
Prepaid Expenses and Deferred Charges$261,359$345,541▲ $84,182
Savings and Temporary Cash Investments$448,469$257,189▼ $191,280
Cash and Non-Interest-Bearing Accounts$90,731$156,407▲ $65,676
Other Notes and Loans Receivable, Net$135,774$127,392▼ $8,382
Total Assets$10,051,779$9,831,708▼ $220,071
Other Assets Total$1,117,204$1,097,518▼ $19,686
Liabilities
Unsecured Notes Loans Payable$11,895,139$11,895,139→ $0
Accounts Payable and Accrued Expenses$742,199$1,081,931▲ $339,732
Other Liabilities$92,641$94,393▲ $1,752
Deferred Revenue$27,966$35,437▲ $7,471
Total Liabilities$12,757,945$13,106,900▲ $348,955
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,706,166$-3,275,192▼ $569,026
Total Net Assets Fund Balance$-2,706,166$-3,275,192▼ $569,026
Total Liabilities and Net Assets / Fund Balance$10,051,779$9,831,708▼ $220,071

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,415,306$3,481,499$10,896,805
Equipment$63,963$212,351$276,314
Other Assets Org$1,004,458--
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
Shinda Management CorpManagement221-10 JAMAICA AVE, Queens Village, NY 11428$149,188
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,827,149
Investment Income
$39,809
Other Revenue
$17,449
Change in Net Assets
$-569,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,884,407
Total Revenue per Audited Statements
$1,884,407
Total Revenue per Form 990
$1,884,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,074,596
Salaries, Compensation, and Employee Benefits$378,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$329,269--$329,269
Depreciation Depletion$327,890--$327,890
Other Salaries and Wages$241,107$54,070-$295,177
Other Expenses$160,026--$160,026
Fees for Services Management-$149,188-$149,188
Interest$122,611--$122,611
Other Employee Benefits$75,643--$75,643
Office Expenses-$20,765-$20,765
Fees for Services Accounting-$18,000-$18,000
Fees for Services Legal-$13,701-$13,701
Payroll Taxes$8,017--$8,017
Total Functional Expenses$2,197,709$255,724$0$2,453,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,453,433
Total Expenses per Audited Statements$2,453,433
Total Expenses per Form 990$2,453,433
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
Federal income taxes$94,393
Other Liablities-
Tenants Security Deposit Payable-
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form is reviewed by the board. At least 5 days is given for feedback before efiling

Form 990, Part VI, Section B, Line 15

Directors and officers were not paid

Form 990, Part VI, Section B, Line 12

Directors and officers were issued a copy of the coi policy upon appointment. Annual declarations are submitted to confirm if or any conflicts

Form 990, Part VI, Section C, Line 19

Documents are available upon request to any board member

Filing and Contact Details

Filer

Filer Name
St Mark Affordable Housing Devlop Fund Corporation
EIN
45-2158586
Phone
7187566607
Address
1417 UNION ST, BROOKLYN, NY 11213

Signing Officer

Name
Beverly Jules
Title
CFO
Phone
7187566607
Signed
2025-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Beverly Jules
Formed
2011
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
3

Preparer

Firm
John W Davis CPA
Address
1736 E ELIZABETH AVE, LINDEN, NJ 07036
Preparer
John W Davis
Phone
9082753382
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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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