Civic Intelligence

Oub Court Housing Company Inc

EIN 45-3932032 • 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

92nd percentile

1.31x

Higher debt load relative to assets than 92% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

1.97x

Higher debt load relative to revenue than 49% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Net Margin

63rd percentile

21%

Higher net margin than 63% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$998,427

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

NTEE L • $10M-$25M nonprofits • Source year 2024

Asset Growth

59th percentile

2.7%

Faster asset growth than 59% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.4%

Faster revenue growth than 41% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$15,621,226

Up $403,353 (+2.7%) from 2023

Liabilities

Down

$20,440,652

Down $1,737,699 (-7.8%) from 2023

Net Assets

Up

-$4,819,426

Up $2,141,052 (+31%) from 2023

Revenue

Up

$10,394,774

Up $246,316 (+2.4%) from 2023

Expenses

Down

$8,253,722

Down $731,114 (-8.1%) from 2023

Net Income

Up

$2,141,052

Up $977,430 (+84%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2012: $25,021,212Liabilities 2012: $31,584,383Net Assets 2012: -$6,563,1712012Assets 2013: $23,888,468Liabilities 2013: $30,439,408Net Assets 2013: -$6,550,9402013Assets 2014: $20,834,189Liabilities 2014: $27,380,790Net Assets 2014: -$6,546,6012014Assets 2015: $20,726,350Liabilities 2015: $27,413,520Net Assets 2015: -$6,687,1702015Assets 2016: $19,362,826Liabilities 2016: $25,980,909Net Assets 2016: -$6,618,0832016Assets 2017: $19,152,855Liabilities 2017: $24,986,223Net Assets 2017: -$5,833,3682017Assets 2018: $17,732,470Liabilities 2018: $23,844,239Net Assets 2018: -$6,111,7692018Assets 2019: $17,758,426Liabilities 2019: $23,965,550Net Assets 2019: -$6,207,1242019Assets 2020: $17,299,326Liabilities 2020: $23,407,160Net Assets 2020: -$6,107,8342020Assets 2021: $15,971,755Liabilities 2021: $22,987,564Net Assets 2021: -$7,015,8092021Assets 2022: $15,676,453Liabilities 2022: $23,800,553Net Assets 2022: -$8,124,1002022Assets 2023: $15,217,873Liabilities 2023: $22,178,351Net Assets 2023: -$6,960,4782023Assets 2024: $15,621,226Liabilities 2024: $20,440,652Net Assets 2024: -$4,819,4262024

Highlighted filing

2024

Assets$15,621,226
Liabilities$20,440,652
Net Assets-$4,819,426

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $4,614,867Expenses 2012: $3,869,192Net Income 2012: $745,6752012Revenue 2013: $5,541,128Expenses 2013: $5,528,897Net Income 2013: $12,2312013Revenue 2014: $5,714,406Expenses 2014: $6,586,169Net Income 2014: -$871,7632014Revenue 2015: $7,109,410Expenses 2015: $7,065,853Net Income 2015: $43,5572015Revenue 2016: $7,116,641Expenses 2016: $7,047,554Net Income 2016: $69,0872016Revenue 2017: $7,698,258Expenses 2017: $6,913,543Net Income 2017: $784,7152017Revenue 2018: $7,079,641Expenses 2018: $7,358,042Net Income 2018: -$278,4012018Revenue 2019: $7,269,953Expenses 2019: $7,365,308Net Income 2019: -$95,3552019Revenue 2020: $7,115,048Expenses 2020: $7,015,758Net Income 2020: $99,2902020Revenue 2021: $7,036,525Expenses 2021: $7,944,500Net Income 2021: -$907,9752021Revenue 2022: $8,421,675Expenses 2022: $9,529,966Net Income 2022: -$1,108,2912022Revenue 2023: $10,148,458Expenses 2023: $8,984,836Net Income 2023: $1,163,6222023Revenue 2024: $10,394,774Expenses 2024: $8,253,722Net Income 2024: $2,141,0522024

Highlighted filing

2024

Revenue$10,394,774
Expenses$8,253,722
Net Income$2,141,052

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
$10,394,774
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$13,394,006$12,637,196▼ $756,810
Cash and Non-Interest-Bearing Accounts$403,755$1,474,332▲ $1,070,577
Prepaid Expenses and Deferred Charges$408,554$457,485▲ $48,931
Accounts Receivable$299,251$329,161▲ $29,910
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$15,217,873$15,621,226▲ $403,353
Other Assets Total$712,307$723,052▲ $10,745
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,832,378$16,690,325▼ $1,142,053
Accounts Payable and Accrued Expenses$3,837,693$3,463,128▼ $374,565
Other Liabilities$472,709$230,812▼ $241,897
Deferred Revenue$35,571$56,387▲ $20,816
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$22,178,351$20,440,652▼ $1,737,699
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-6,960,478$-4,819,426▲ $2,141,052
Total Net Assets Fund Balance$-6,960,478$-4,819,426▲ $2,141,052
Total Liabilities and Net Assets / Fund Balance$15,217,873$15,621,226▲ $403,353

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,196,978$4,448,020$16,644,998
Buildings$0$5,010,024$5,010,024
Equipment$241,969$163,574$405,543
Land$192,000-$192,000
Other Land Buildings$6,249-$6,249
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
$920,964
Program Service Revenue
$9,259,134
Investment Income
$0
Other Revenue
$214,676
Change in Net Assets
$2,141,052

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,394,774
Total Revenue per Audited Statements
$10,394,774
Total Revenue per Form 990
$10,394,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,253,722
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$4,659,577--$4,659,577
Interest$1,072,484--$1,072,484
Depreciation Depletion$779,210--$779,210
Insurance$754,074--$754,074
Other Expenses$451,832--$451,832
Fees for Services Management$237,602$59,400-$297,002
Fees for Services Legal$77,638--$77,638
Fees for Services Other$66,888--$66,888
Office Expenses-$59,317-$59,317
Fees for Services Accounting-$35,700-$35,700
Total Functional Expenses$8,099,305$154,417$0$8,253,722

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,253,722
Total Expenses per Audited Statements$8,253,722
Total Expenses per Form 990$8,253,722
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
Tenant Security Deposits$145,555
Due to Affiliates$85,257
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 a management 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 297,002.

FORM 990, PART VI, SECTION B, LINE 15A & 15B:

Pursuant to the Organization's bylaws, the Organization delegates to it's 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
OUB Court Housing Company Inc
EIN
45-3932032
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/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01072484
IRS990/InterestGrp/TotalAmt01072484
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09621618
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt012637196
IRS990/LandBldgEquipCostOrOtherBssAmt022258814
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0137208
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IRS990/OccupancyGrp/ProgramServicesAmt04659577
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt059317
IRS990/OfficeExpensesGrp/TotalAmt059317
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt0712307
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
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IRS990/OtherLiabilitiesGrp/EOYAmt0230812
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt077468
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt077468
IRS990/OtherRevenueTotalAmt077468
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0457485
IRS990/PrincipalOfficerNm0Raul Russi
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IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME FROM TENANTS
IRS990/ProgramServiceRevenueGrp/Desc2PARKING INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12667902
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12667902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233475
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010148458
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02141052
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09336602
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0920964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0920964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0920964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0920964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0920964
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0137208
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0122021
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0116424
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0623805
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09259134
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07350589
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05991451
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0137208
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0122021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0114590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0116424
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0623805
IRS990ScheduleA/InvestmentIncomeCYPct00.01447
IRS990ScheduleA/InvestmentIncomePYPct00.01499
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt077468
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt076453
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt028101
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09520
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03598
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0195140
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98101
IRS990ScheduleA/PublicSupportPY509Pct00.98176
IRS990ScheduleA/PublicSupportTotal509Amt042297535
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt08271553
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06912415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06995026
IRS990ScheduleA/Total509Grp/TotalAmt042297535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010394774
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07115048
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt043116480
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED

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