Civic Intelligence

Mins Court Housing Company Inc

EIN 45-3931968 • 501(c)3 • Bronx, NY

Profile

To develop and maintain a housing project that helps to make renting and cooperative ownership accessible to moderate and middle income families in new york state under the state's mitchell-lama program.

300 East 175th StreetBronx, NY 10457

n/A

Siviq Scores

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

Liabilities / Assets

80th percentile

1.37x

Higher debt load relative to assets than 80% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

2.89x

Higher debt load relative to revenue than 55% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Net Margin

57th percentile

-4.3%

Higher net margin than 57% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$998,427

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 50.6% of source-year revenue.

NTEE L20 • $1M-$5M nonprofits • Source year 2024

Asset Growth

82nd percentile

7.0%

Faster asset growth than 82% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

13%

Faster revenue growth than 73% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,183,611

Up $272,832 (+7.0%) from 2023

Liabilities

Up

$5,715,851

Up $358,263 (+6.7%) from 2023

Net Assets

Down

-$1,532,240

Down $85,431 (-5.9%) from 2023

Revenue

Up

$1,974,673

Up $221,215 (+13%) from 2023

Expenses

Up

$2,060,104

Up $39,931 (+2.0%) from 2023

Net Income

Up

-$85,431

Up $181,284 (+68%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $3,856,775Liabilities 2012: $4,540,818Net Assets 2012: -$684,0432012Assets 2013: $4,800,815Liabilities 2013: $5,464,843Net Assets 2013: -$664,0282013Assets 2014: $4,810,675Liabilities 2014: $5,748,571Net Assets 2014: -$937,8962014Assets 2015: $4,766,792Liabilities 2015: $5,580,154Net Assets 2015: -$813,3622015Assets 2016: $5,051,017Liabilities 2016: $5,715,467Net Assets 2016: -$664,4502016Assets 2017: $5,080,121Liabilities 2017: $5,545,440Net Assets 2017: -$465,3192017Assets 2018: $5,067,692Liabilities 2018: $5,252,082Net Assets 2018: -$184,3902018Assets 2019: $4,872,823Liabilities 2019: $5,195,412Net Assets 2019: -$322,5892019Assets 2020: $4,582,768Liabilities 2020: $4,948,786Net Assets 2020: -$366,0182020Assets 2021: $4,223,400Liabilities 2021: $4,897,213Net Assets 2021: -$673,8132021Assets 2022: $3,975,586Liabilities 2022: $5,155,680Net Assets 2022: -$1,180,0942022Assets 2023: $3,910,779Liabilities 2023: $5,357,588Net Assets 2023: -$1,446,8092023Assets 2024: $4,183,611Liabilities 2024: $5,715,851Net Assets 2024: -$1,532,2402024

Highlighted filing

2024

Assets$4,183,611
Liabilities$5,715,851
Net Assets-$1,532,240

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,123,340Expenses 2012: $899,827Net Income 2012: $223,5132012Revenue 2013: $1,363,042Expenses 2013: $1,343,027Net Income 2013: $20,0152013Revenue 2014: $1,559,773Expenses 2014: $1,749,022Net Income 2014: -$189,2492014Revenue 2015: $1,810,228Expenses 2015: $1,685,694Net Income 2015: $124,5342015Revenue 2016: $1,850,094Expenses 2016: $1,701,182Net Income 2016: $148,9122016Revenue 2017: $1,895,144Expenses 2017: $1,696,013Net Income 2017: $199,1312017Revenue 2018: $2,061,018Expenses 2018: $1,780,089Net Income 2018: $280,9292018Revenue 2019: $1,838,113Expenses 2019: $1,976,312Net Income 2019: -$138,1992019Revenue 2020: $1,845,825Expenses 2020: $1,889,254Net Income 2020: -$43,4292020Revenue 2021: $1,835,817Expenses 2021: $2,143,612Net Income 2021: -$307,7952021Revenue 2022: $1,879,700Expenses 2022: $2,385,981Net Income 2022: -$506,2812022Revenue 2023: $1,753,458Expenses 2023: $2,020,173Net Income 2023: -$266,7152023Revenue 2024: $1,974,673Expenses 2024: $2,060,104Net Income 2024: -$85,4312024

Highlighted filing

2024

Revenue$1,974,673
Expenses$2,060,104
Net Income-$85,431

Filings

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
$1,974,673
Mission and Program Overview

Mission

To develop and maintain a housing project that helps to make renting and cooperative ownership accessible to moderate and middle income families in new york state under the state's mitchell-lama program.

To develop and maintain a housing project for moderate and middle income families in New York State under the State's Mitchell-Lama program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,908,527$2,722,285▼ $186,242
Cash and Non-Interest-Bearing Accounts$26,239$198,176▲ $171,937
Prepaid Expenses and Deferred Charges$170,197$66,541▼ $103,656
Accounts Receivable$47,035$45,749▼ $1,286
Savings and Temporary Cash Investments$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$3,910,779$4,183,611▲ $272,832
Other Assets Total$758,781$1,150,860▲ $392,079
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,960,572$3,887,499▼ $73,073
Other Liabilities$656,609$879,855▲ $223,246
Accounts Payable and Accrued Expenses$730,139$848,796▲ $118,657
Deferred Revenue$10,268$99,701▲ $89,433
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,357,588$5,715,851▲ $358,263
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-1,446,809$-1,532,240▼ $85,431
Total Net Assets Fund Balance$-1,446,809$-1,532,240▼ $85,431
Total Liabilities and Net Assets / Fund Balance$3,910,779$4,183,611▲ $272,832

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,620,573$2,236,068$4,856,641
Equipment$58,202$106,703$164,905
Land$43,510-$43,510
Other Assets Org$1,426--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eliezer Rodriguez EsqChair
Raul RussiPresident
Carmen S MeleroVice Chair
Arnie SegarraBoard Member
Lymaris AlborsChief Executive Officer
Vicky GatellChief Financial Officer
Jose a RodriguezChief Legal Officer/exec. VP
Gilbert HernandezSecretary
Marybeth HotalingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,942,726
Investment Income
$15,328
Other Revenue
$16,619
Change in Net Assets
$-85,431

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,974,673
Total Revenue per Audited Statements
$1,974,673
Total Revenue per Form 990
$1,974,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,060,104
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
Occupancy$1,203,828--$1,203,828
Interest$194,235--$194,235
Depreciation Depletion$186,242--$186,242
Other Expenses$173,314--$173,314
Insurance$162,280--$162,280
Fees for Services Management$60,655$15,164-$75,819
Fees for Services Accounting-$31,400-$31,400
Office Expenses-$19,935-$19,935
Fees for Services Legal$12,296--$12,296
Fees for Services Other$755--$755
Total Functional Expenses$1,993,605$66,499$0$2,060,104

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,060,104
Total Expenses per Audited Statements$2,060,104
Total Expenses per Form 990$2,060,104
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 ItemBeginningEndChange
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$856,850
Security Deposits$23,005
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

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 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 19:

The governing documents, conflict of interest policy and financial statements are available to the public upon request.

FORM 990, PART VI, SECTION A, LINE 3:

The Organization is party to an agreement, renewable annually, with The South Bronx Community Management Company, Inc. ("SBCMC") in connection with the administration and maintenance of the Project. For the year ended December 31, 2024 the Organization incurred management fees of $75,819.

FORM 990, PART VI, SECTION B, 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 committee of the Parent entity reviews a compensation study and votes on how to proceed.

Filing and Contact Details

Filer

Filer Name
Mins Court Housing Company Inc
EIN
45-3931968
In Care Of
% STEVE KADIN
Phone
7189933504
Address
300 East 175th Street, Bronx, NY 10457

Signing Officer

Name
Raul Russi
Title
President
Phone
7189933504
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Russi
Formed
2012
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Joseph Perez
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Organization is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New York taxation codes. The Organization follows the provision of authoritative guidance that clarifies the accounting for uncertainty in income taxes. Under this guidance, the Organization evaluates tax positions requiring recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Organization has evaluated the likelihood of its tax-exempt status being challenged as remote. Accordingly, as of December 31, 2024 and 2023, the Organization has not included any income tax provisions, including interest and penalties, in the financial statements.

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IRS990/MissionDesc0TO DEVELOP AND MAINTAIN A HOUSING PROJECT THAT HELPS TO MAKE RENTING AND COOPERATIVE OWNERSHIP ACCESSIBLE TO MODERATE AND MIDDLE INCOME FAMILIES IN NEW YORK STATE UNDER THE STATE'S MITCHELL-LAMA PROGRAM.
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IRS990/Organization501c3Ind0X
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt058202
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IRS990ScheduleD/ExpensesSubtotalAmt02060104
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IRS990ScheduleD/FootnoteTextInd0X

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