Civic Intelligence

Second and B Housing Development

EIN 45-3972948 • 501(c)2 • New York, NY

Profile

Provision of low and moderate income housing

228 E 3rd StreetNew York, NY 10009

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

80th percentile

1.16x

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

501(c)2 • <$500k nonprofits • Source year 2024

Net Margin

13th percentile

-107%

Higher net margin than 13% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Top Officer Pay

100th percentile

$99,947

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 939.3% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2022

Asset Growth

21st percentile

-100%

Faster asset growth than 21% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-28%

Faster revenue growth than 28% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2023

Liabilities

Up

$60,942

Up $56,691 (+1334%) from 2023

Net Assets

Down

-$60,942

Down $56,691 (-1334%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin13th percentile

Revenue

Down

$52,738

Down $20,318 (-28%) from 2023

Expenses

$109,429

No earlier filing loaded for comparison.

Net Income

-$56,691

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

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

$100K$50K$0-$50K-$100KAssets 2018: -$46,291Liabilities 2018: $0Net Assets 2018: -$46,2912018Assets 2019: $0Liabilities 2019: $28,901Net Assets 2019: -$28,9012019Assets 2020: $56,829Net Assets 2020: $56,8292020Assets 2021: $0Liabilities 2021: $27,093Net Assets 2021: -$27,0932021Assets 2022: $0Liabilities 2022: $77,307Net Assets 2022: -$77,3072022Assets 2023: $0Liabilities 2023: $4,251Net Assets 2023: -$4,2512023Assets 2024: $0Liabilities 2024: $60,942Net Assets 2024: -$60,9422024

Highlighted filing

2024

Assets$0
Liabilities$60,942
Net Assets-$60,942
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2018: -$30,537Expenses 2018: $0Net Income 2018: -$30,5372018Revenue 2019: $17,3902019Revenue 2020: $85,7302020Revenue 2021: $226Expenses 2021: $84,148Net Income 2021: -$83,9222021Revenue 2022: $10,641Expenses 2022: $60,855Net Income 2022: -$50,2142022Revenue 2023: $73,0562023Revenue 2024: $52,738Expenses 2024: $109,429Net Income 2024: -$56,6912024

Highlighted filing

2024

Revenue$52,738
Expenses$109,429
Net Income-$56,691
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$60,942
Net assets
-$60,942
Revenue
$52,738
Expenses
$109,429
Net income
-$56,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.61$0.61$0.53$1.09$0.57
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.04$0.04$0.73
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.77$0.77$0.11$0.61$0.50
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.27$0.27$0.00$0.84$0.84
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.57$0.86
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.29$0.29$0.17
2018Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.31$0.00$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2015
Return Version
2024v5.2
Gross Receipts
$52,738
Mission and Program Overview

Mission

Provision of low and moderate income housing

Program Services

DescriptionGrantsExpenses
PROVISION OF LOW AND MODERATE INCOME HOUSING$0$0
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
HERMAN HEWITTPresident-$0--
ALBERTO TORRESVice President-$0--
ASTOU FALLSecretary-$0--
MAHBUB HASSANTresurer-$0--
BETTINA KINDERMANNMember-$0--
THOMAS CHENMember-$0--
LILLIAN NAZARIOMember-$0--
YING LIN CHENMember-$0--
ALFRED ROBINSONMember-$0--
AURA OLAVARRIAMember-$0--
ALISTAIR DUPONTMember-$0--
RONA CLEMENTEExective Director-$0--
Filing and Contact Details

Filer

Filer Name
Second and B Housing Development
EIN
45-3972948
Phone
2124735940
Address
228 E 3RD STREET, NEW YORK, NY 10009

Signing Officer

Name
Rona Clemente
Title
Executive Director
Phone
2124735940
Signed
2015-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: investment income. Amount: 52,738.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: loss from partnership. Amount: 109,429.”

990EZ Part I Revenue & Expense

“The corporation's only source of income is a schedule k-1 from a partnership, which provides low income housing. For 2024, the corporation received a schedule k-1 that showed rental loss from this partnership.”

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

“Description: investment in partnership. Beg. Of year amount: 4,251. End of year amount: 60,942.”

Raw XML Appendix158 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0228 E 3RD STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010009
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IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-4251
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-60942
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-4251
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HERMAN HEWITT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MAHBUB HASSAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11RONA CLEMENTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRESURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11EXECTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0109429
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PROVISION OF LOW AND MODERATE INCOME HOUSING
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVISION OF LOW AND MODERATE INCOME HOUSING
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt04251
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt060942
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt0109429
IRS990EZ/TotalRevenueAmt052738
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 52,738.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOSS FROM PARTNERSHIP. AMOUNT: 109,429.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION'S ONLY SOURCE OF INCOME IS A SCHEDULE K-1 FROM A PARTNERSHIP, WHICH PROVIDES LOW INCOME HOUSING. FOR 2024, THE CORPORATION RECEIVED A SCHEDULE K-1 THAT SHOWED RENTAL LOSS FROM THIS PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: INVESTMENT IN PARTNERSHIP. BEG. OF YEAR AMOUNT: 4,251. END OF YEAR AMOUNT: 60,942.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2990EZ PART I REVENUE & EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONA CLEMENTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02124735940
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECOND AND B HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0453972948
ReturnHeader/Filer/PhoneNum02124735940
ReturnHeader/Filer/USAddress/AddressLine1Txt0228 E 3RD STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010009
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132672154
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIPSKY GOODKIN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 WEST 45TH STREET 7TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02128406444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MESUG KIM
ReturnHeader/ReturnTs02025-11-12T15:47:39-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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