Civic Intelligence

Division Housing Corporation

EIN 45-3615582 • 501(c)3 • Brooklyn, NY

Pub. 78 EligibleNTEE L21

Profile

To own, rehabilitate, maintain, and manage, on a nonprofit basis, a municipally-aided housing project in brooklyn, ny, for persons with low income.

60 Division AvenueBrooklyn, NY 11249

n/A

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$15,824,747

Up $2,732,488 (+21%) from 2023

Liabilities

Up

$108,339

Up $93,339 (+622%) from 2023

Net Assets

Up

$15,716,408

Up $2,639,149 (+20%) from 2023

Revenue

Up

$2,653,009

Up $638,235 (+32%) from 2023

Expenses

Down

$9,843

Down $6,018 (-38%) from 2023

Net Income

Up

$2,643,166

Up $644,253 (+32%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2013: $40,086,771Liabilities 2013: $50,244,663Net Assets 2013: -$10,157,8922013Assets 2014: $36,450,703Liabilities 2014: $47,009,335Net Assets 2014: -$10,558,6322014Assets 2015: $34,527,076Liabilities 2015: $45,160,282Net Assets 2015: -$10,633,2062015Assets 2016: $33,254,355Liabilities 2016: $43,574,195Net Assets 2016: -$10,319,8402016Assets 2017: $32,023,882Liabilities 2017: $40,738,204Net Assets 2017: -$8,714,3222017Assets 2018: $34,085,260Liabilities 2018: $39,707,940Net Assets 2018: -$5,622,6802018Assets 2019: $35,081,651Liabilities 2019: $38,203,874Net Assets 2019: -$3,122,2232019Assets 2020: $36,359,413Liabilities 2020: $36,838,019Net Assets 2020: -$478,6062020Assets 2021: $37,717,601Liabilities 2021: $36,052,199Net Assets 2021: $1,665,4022021Assets 2022: $37,066,960Liabilities 2022: $33,647,839Net Assets 2022: $3,419,1212022Assets 2023: $13,092,259Liabilities 2023: $15,000Net Assets 2023: $13,077,2592023Assets 2024: $15,824,747Liabilities 2024: $108,339Net Assets 2024: $15,716,4082024

Highlighted filing

2024

Assets$15,824,747
Liabilities$108,339
Net Assets$15,716,408

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $9,376,323Expenses 2013: $7,821,865Net Income 2013: $1,554,4582013Revenue 2014: $10,174,349Expenses 2014: $10,575,089Net Income 2014: -$400,7402014Revenue 2015: $10,146,446Expenses 2015: $10,221,020Net Income 2015: -$74,5742015Revenue 2016: $10,126,030Expenses 2016: $9,812,664Net Income 2016: $313,3662016Revenue 2017: $11,400,242Expenses 2017: $9,794,724Net Income 2017: $1,605,5182017Revenue 2018: $15,153,603Expenses 2018: $12,061,961Net Income 2018: $3,091,6422018Revenue 2019: $15,213,571Expenses 2019: $12,713,114Net Income 2019: $2,500,4572019Revenue 2020: $16,142,942Expenses 2020: $13,499,325Net Income 2020: $2,643,6172020Revenue 2021: $16,150,700Expenses 2021: $14,006,692Net Income 2021: $2,144,0082021Revenue 2022: $16,618,579Expenses 2022: $14,864,860Net Income 2022: $1,753,7192022Revenue 2023: $2,014,774Expenses 2023: $15,861Net Income 2023: $1,998,9132023Revenue 2024: $2,653,009Expenses 2024: $9,843Net Income 2024: $2,643,1662024

Highlighted filing

2024

Revenue$2,653,009
Expenses$9,843
Net Income$2,643,166

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 20, 2025
Return Version
2024v5.2
Gross Receipts
$2,653,009
Mission and Program Overview

Mission

To own, rehabilitate, maintain, and manage, on a nonprofit basis, a municipally-aided housing project in brooklyn, ny, for persons with low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,412,908$9,910,790▲ $497,882
Investments Program Related$3,679,351$5,562,810▲ $1,883,459
Cash and Non-Interest-Bearing Accounts-$25-
Total Assets$13,092,259$15,824,747▲ $2,732,488
Other Assets Total$0$351,122▲ $351,122
Liabilities
Other Liabilities$0$104,364▲ $104,364
Accounts Payable and Accrued Expenses$15,000$3,975▼ $11,025
Total Liabilities$15,000$108,339▲ $93,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,077,259$15,716,408▲ $2,639,149
Total Net Assets Fund Balance$13,077,259$15,716,408▲ $2,639,149
Total Liabilities and Net Assets / Fund Balance$13,092,259$15,824,747▲ $2,732,488

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,562,810--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Monsignor Anthony HernandezPresidentPT$128,250$128,250

Board Members and Trustees

NameTitle
Rabbi Joshua RosenbaumDirector
Reverend Jeremias CastilloDirector
Miguel HernandezDirector (thru 5/8/24)
Mary DunbarSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,826,404
Investment Income
$826,605
Other Revenue
$0
Change in Net Assets
$2,643,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,843
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
Fees for Services Accounting-$7,875-$7,875
Other Expenses$1,207$750-$750
Office Expenses-$11-$11
Total Functional Expenses$1,207$8,636$0$9,843
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 Rc Plaza Associates, LLC$104,364
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated control over property and back office management duties to douglas elliman property management. After the transfer of property to rc plaza associates llc, the management company still keeps the books for division housing company along with monthly bank reconciliations.

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

A tentative draft of the form 990 (before it is finalized and sent to irs) is sent to the organization's board president, who reviews and discusses the return, along with the underlying financial statements, with the governing body. Any suggested changes or comments and questions are then discussed with the cpa by a conference call.

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

Each officer, director or trustee is required to disclose annually interests that could give rise to conflicts in a board meeting. If an item of conflict is noted, the board discusses and votes on it before rewarding any contracts.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and prior financial statements, etc. Are made available to public upon request. Copies of these documents are kept at the managing agent's office and once requested, the agent will mail such copies by regular mail.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Monsignor anthony hernandez - 263 marcy avenue, brooklyn, ny 11211. Rabbi joshua rosenbaum - 469 bedford avenue, brooklyn, ny 11211. Mary dunbar - 693 bedford avenue, brooklyn, ny 11211. Reverend jeremias castillo - 263 marcy avenue, brooklyn, ny 11211.

Filing and Contact Details

Filer

Filer Name
Division Housing Corporation
EIN
45-3615582
Phone
2126928351
Address
60 DIVISION AVENUE, BROOKLYN, NY 11249

Signing Officer

Name
Msgr Anthony Hernandez
Title
President
Phone
2126928351
Signed
2025-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Msgr Anthony Hernandez
Formed
2011
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
50 ROCKEFELLER PLAZA, NEW YORK, NY 10020
Preparer
Amanda Adams
Phone
2126971000
Raw XML Appendix384 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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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER PROPERTY AND BACK OFFICE MANAGEMENT DUTIES TO DOUGLAS ELLIMAN PROPERTY MANAGEMENT. AFTER THE TRANSFER OF PROPERTY TO RC PLAZA ASSOCIATES LLC, THE MANAGEMENT COMPANY STILL KEEPS THE BOOKS FOR DIVISION HOUSING COMPANY ALONG WITH MONTHLY BANK RECONCILIATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A TENTATIVE DRAFT OF THE FORM 990 (BEFORE IT IS FINALIZED AND SENT TO IRS) IS SENT TO THE ORGANIZATION'S BOARD PRESIDENT, WHO REVIEWS AND DISCUSSES THE RETURN, ALONG WITH THE UNDERLYING FINANCIAL STATEMENTS, WITH THE GOVERNING BODY. ANY SUGGESTED CHANGES OR COMMENTS AND QUESTIONS ARE THEN DISCUSSED WITH THE CPA BY A CONFERENCE CALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH OFFICER, DIRECTOR OR TRUSTEE IS REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS IN A BOARD MEETING. IF AN ITEM OF CONFLICT IS NOTED, THE BOARD DISCUSSES AND VOTES ON IT BEFORE REWARDING ANY CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND PRIOR FINANCIAL STATEMENTS, ETC. ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. COPIES OF THESE DOCUMENTS ARE KEPT AT THE MANAGING AGENT'S OFFICE AND ONCE REQUESTED, THE AGENT WILL MAIL SUCH COPIES BY REGULAR MAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MONSIGNOR ANTHONY HERNANDEZ - 263 MARCY AVENUE, BROOKLYN, NY 11211. RABBI JOSHUA ROSENBAUM - 469 BEDFORD AVENUE, BROOKLYN, NY 11211. MARY DUNBAR - 693 BEDFORD AVENUE, BROOKLYN, NY 11211. REVEREND JEREMIAS CASTILLO - 263 MARCY AVENUE, BROOKLYN, NY 11211.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0DIVISION HOUSING CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0814340960
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.51000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0RC PLAZA ASSOCIATES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt038836772
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt02234581
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0269 US ROUTE ONE SUITE 202
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0FALMOUTH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd004105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0351122
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0RC PLAZA ASSOCIATES LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013092259
IRS990/TotalAssetsEOYAmt015824747
IRS990/TotalAssetsGrp/BOYAmt013092259
IRS990/TotalAssetsGrp/EOYAmt015824747
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01207
IRS990/TotalFunctionalExpensesGrp/TotalAmt09843
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015000
IRS990/TotalLiabilitiesEOYAmt0108339
IRS990/TotalLiabilitiesGrp/BOYAmt015000
IRS990/TotalLiabilitiesGrp/EOYAmt0108339
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013077259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015716408
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01207
IRS990/TotalProgramServiceRevenueAmt01826404
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0826605
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01826404
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02653009
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013092259
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015824747
IRS990/TotReportableCompRltdOrgAmt0128250
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 DIVISION AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011249
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MSGR ANTHONY HERNANDEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126928351
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIVISION HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0DIVI
ReturnHeader/Filer/EIN0453615582
ReturnHeader/Filer/PhoneNum02126928351
ReturnHeader/Filer/USAddress/AddressLine1Txt060 DIVISION AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011249
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872525370
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 ROCKEFELLER PLAZA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010020
ReturnHeader/PreparerPersonGrp/PhoneNum02126971000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA ADAMS
ReturnHeader/ReturnTs02025-09-25T15:26:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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