Civic Intelligence

Restoring Communities Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 45-4252738

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileWWW.NEIGHBORHOODRESTORE.ORG
150 Broadway Suite 2101New York, NY 10038

(212) 584-8981

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.05x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.13x

Higher debt load relative to revenue than 21% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$254,425

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 102.4% of source-year revenue.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Asset Growth

89th percentile

27%

Faster asset growth than 89% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-55%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$674,280

Up $143,210 (+27%) from 2019

Net Assets

Up

$642,482

Up $122,174 (+23%) from 2019

Liabilities

Up

$31,798

Up $21,036 (+195%) from 2019

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin90th percentile

Revenue

Down

$248,500

Down $301,000 (-55%) from 2019

Expenses

Up

$126,326

Up $12,488 (+11%) from 2019

Net Income

Down

$122,174

Down $313,488 (-72%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2013: $47,514Liabilities 2013: $104,213Net Assets 2013: -$56,6992013Assets 2014: $47,514Liabilities 2014: $106,735Net Assets 2014: -$59,2212014Assets 2015: $94,404Liabilities 2015: $115,673Net Assets 2015: -$21,2692015Assets 2016: $91,954Liabilities 2016: $177,2852016Assets 2017: $87,654Liabilities 2017: $258,738Net Assets 2017: -$171,0842017Assets 2018: $310,222Liabilities 2018: $225,576Net Assets 2018: $84,6462018Assets 2019: $531,070Liabilities 2019: $10,762Net Assets 2019: $520,3082019Assets 2020: $674,280Liabilities 2020: $31,798Net Assets 2020: $642,4822020Assets 2021: $870,836Liabilities 2021: $67,197Net Assets 2021: $803,6392021Assets 2022: $1,086,277Liabilities 2022: $55,363Net Assets 2022: $1,030,9142022Assets 2023: $852,435Liabilities 2023: $63,080Net Assets 2023: $789,3552023Assets 2024: $1,085,660Liabilities 2024: $110,932Net Assets 2024: $974,7282024

Highlighted filing

2020

Assets$674,280
Liabilities$31,798
Net Assets$642,482
Open 2020 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $47,514Expenses 2013: $20,353Net Income 2013: $27,1612013Expenses 2014: $2,5222014Revenue 2015: $82,500Expenses 2015: $44,548Net Income 2015: $37,9522015Revenue 2016: $0Expenses 2016: $64,062Net Income 2016: -$64,0622016Revenue 2017: $500Expenses 2017: $86,253Net Income 2017: -$85,7532017Revenue 2018: $642,000Expenses 2018: $386,270Net Income 2018: $255,7302018Revenue 2019: $549,500Expenses 2019: $113,838Net Income 2019: $435,6622019Revenue 2020: $248,500Expenses 2020: $126,326Net Income 2020: $122,1742020Revenue 2021: $323,336Expenses 2021: $162,179Net Income 2021: $161,1572021Revenue 2022: $2,883,500Expenses 2022: $2,656,225Net Income 2022: $227,2752022Revenue 2023: $682,500Expenses 2023: $924,059Net Income 2023: -$241,5592023Revenue 2024: $533,000Expenses 2024: $347,627Net Income 2024: $185,3732024

Highlighted filing

2020

Revenue$248,500
Expenses$126,326
Net Income$122,174
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$248,500
Mission and Program Overview

Mission

The corporation is organized exclusively for the purpose of perserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. In addition to promoting affordable housing opportunities, it seeks to prevent and eliminate blight and foster the stablization of communities throughout nyc.

The corporation is organized exclusively for the purpose of perserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. In addition to promoting affordable housing opportunities, it seeks to prevent and eliminate blight and foster the stablization of communities throughout new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$531,070$674,280▲ $143,210
Total Assets$531,070$674,280▲ $143,210
Liabilities
Other Liabilities$7,762$28,298▲ $20,536
Accounts Payable and Accrued Expenses$3,000$3,500▲ $500
Total Liabilities$10,762$31,798▲ $21,036
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$520,308$642,482▲ $122,174
Total Net Assets Fund Balance$520,308$642,482▲ $122,174
Total Liabilities and Net Assets / Fund Balance$531,070$674,280▲ $143,210
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleBaseOtherTotal
MR SALVATORE D'AVOLAAssistant Se$23,283$231,142$254,425
MR SALVATORE D'AVOLAAssistant Secretary$23,283$2,159$25,442

Board Members and Trustees

NameTitle
Mr Harold ShultzPresident
Ms Elizabeth OakleyDirector
Mr Richard PinnerAssistant Se
Ms Valerie WhiteSecretary
Ms Lydia TomTreasurer
Mr Michael WadmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$248,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$122,174

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,500
Total Revenue per Audited Statements
$248,500
Total Revenue per Form 990
$248,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,269
Other Expenses$41,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,117$8,193-$45,310
Current Officers, Directors, Trustees, and Key Employees$5,821$17,462-$23,283
Fees for Services Legal-$17,339-$17,339
Other Employee Benefits$7,477$4,467-$11,944
Occupancy$8,870$2,795-$11,665
Office Expenses$3,882$1,223-$5,105
Payroll Taxes$2,962$1,770-$4,732
Fees for Services Accounting-$4,000-$4,000
Insurance$2,242$706-$2,948
Total Functional Expenses$68,371$57,955$0$126,326

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$126,326
Total Expenses per Audited Statements$126,326
Total Expenses per Form 990$126,326
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 Neighborhood Restore$28,298
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
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Copy of form 990 is provided to the board before filing.”

Form 990, Page 6, Part VI, Line 12C

“Yes, by following procedures outlined in policy statement.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Restoring Communities Housing
EIN
45-4252738
Phone
2125848981
Address
150 BROADWAY SUITE 2101, NEW YORK, NY 10038

Signing Officer

Name
MR SALVATORE D'AVOLA
Title
Assistant Secretary
Phone
2125848981
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MR SALVATORE D'AVOLA
Formed
2012
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
VARGAS & RIVERA CPA'S LLP
Address
586 ROUTE 304, NEW CITY, NY 10956
Preparer
Theodore Vargas
Phone
8456383113
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized exclusively for the purpose of perserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. In addition to promoting affordable housing opportunities, it seeks to prevent and eliminate blight and foster the stablization of communities throughout new york city.”

Raw XML AppendixShowing 400 of 407 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03000
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ACCOUNTANT - RC HDFC
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0RC HDFC
IRS990/BooksInCareOfDetail/PhoneNum02125848981
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0150 BROADWAY SUITE 2101
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0150 BROADWAY SUITE 2101
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010038
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0531070
IRS990/CashNonInterestBearingGrp/EOYAmt0674280
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt017462
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt05821
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt023283
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt041057
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0248500
IRS990/CYRevenuesLessExpensesAmt0122174
IRS990/CYSalariesCompEmpBnftPaidAmt085269
IRS990/CYTotalExpensesAmt0126326
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0248500
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. DURING THE YEAR, THE ORGANIZATION ASSISTED WITH THE COMMENCEMENT OF REHABILITATION AND CONVERSION OF 25 BUIDINGS INTO LOW INCOME COOPERATIVES IN NYC.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt068371
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04000
IRS990/FeesForServicesAccountingGrp/TotalAmt04000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt017339
IRS990/FeesForServicesLegalGrp/TotalAmt017339
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt036.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt521594
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0MR HAROLD SHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm1MR MICHAEL WADMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2MS VALERIE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm3MS LYDIA TOM
IRS990/Form990PartVIISectionAGrp/PersonNm4MS ELIZABETH OAKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5MR SALVATORE D'AVOLA
IRS990/Form990PartVIISectionAGrp/PersonNm6MR RICHARD PINNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt523283
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5209548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SE
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT SE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0248500
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0706
IRS990/InsuranceGrp/ProgramServicesAmt02242
IRS990/InsuranceGrp/TotalAmt02948
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0520308
IRS990/NetAssetsOrFundBalancesEOYAmt0642482
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0520308
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0642482
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02795
IRS990/OccupancyGrp/ProgramServicesAmt08870
IRS990/OccupancyGrp/TotalAmt011665
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01223
IRS990/OfficeExpensesGrp/ProgramServicesAmt03882
IRS990/OfficeExpensesGrp/TotalAmt05105
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04467
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07477
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011944
IRS990/OtherLiabilitiesGrp/BOYAmt07762
IRS990/OtherLiabilitiesGrp/EOYAmt028298
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08193
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037117
IRS990/OtherSalariesAndWagesGrp/TotalAmt045310
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01770
IRS990/PayrollTaxesGrp/ProgramServicesAmt02962
IRS990/PayrollTaxesGrp/TotalAmt04732
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MR SALVATORE D'AVOLA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0248500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0248500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt040521
IRS990/PYProgramServiceRevenueAmt0549500
IRS990/PYRevenuesLessExpensesAmt0435662
IRS990/PYSalariesCompEmpBnftPaidAmt073317
IRS990/PYTotalExpensesAmt0113838
IRS990/PYTotalRevenueAmt0549500
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0122174
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0248500
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0521231931
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1133030229
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ENTERPRISE COMMUNITY PARTNERS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1LOCAL INITIATIVES SUPPORT CORPORATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0ENTERPRISE COMMUNITY PARTNERS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt1LOCAL INITIATIVES SUPPORT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0126326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NEIGHBORHOOD RESTORE
IRS990ScheduleD/RevenueSubtotalAmt0248500
IRS990ScheduleD/TotalExpensesPerForm990Amt0126326
IRS990ScheduleD/TotalLiabilityAmt028298
IRS990ScheduleD/TotalRevenuePerForm990Amt0248500
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0248500
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0126326
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt023283
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0209548
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt02159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt019435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MR SALVATORE D'AVOLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ASSISTANT SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt025442
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0228983
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, BY FOLLOWING PROCEDURES OUTLINED IN POLICY STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEIGHBORHOOD RESTORE HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0NEIGHBORHOOD RESTORE HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0113498485
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RE DEVELOP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 BROADWAY - SUITE 2101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0150 BROADWAY - SUITE 2101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010038
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt085269
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt120641
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEIGHBORHOOD RESTORE HDFC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEIGHBORHOOD RESTORE HDFC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0NEIGHBOORHOOD RESTORE HDFC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0531070
IRS990/TotalAssetsEOYAmt0674280
IRS990/TotalAssetsGrp/BOYAmt0531070
IRS990/TotalAssetsGrp/EOYAmt0674280
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068371
IRS990/TotalFunctionalExpensesGrp/TotalAmt0126326
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010762
IRS990/TotalLiabilitiesEOYAmt031798
IRS990/TotalLiabilitiesGrp/BOYAmt010762
IRS990/TotalLiabilitiesGrp/EOYAmt031798
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0520308
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0642482
IRS990/TotalOtherCompensationAmt021594
IRS990/TotalProgramServiceExpensesAmt068371
IRS990/TotalProgramServiceRevenueAmt0248500
IRS990/TotalReportableCompFromOrgAmt023283
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0248500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0248500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0531070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0674280
IRS990/TotReportableCompRltdOrgAmt0209548
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 BROADWAY SUITE 2101
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100384381
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NEIGHBORHOODRESTORE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MR SALVATORE D'AVOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASSISTANT SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02125848981
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESTORING COMMUNITIES HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0REST
ReturnHeader/Filer/EIN0454252738
ReturnHeader/Filer/PhoneNum02125848981
ReturnHeader/Filer/USAddress/AddressLine1Txt0150 BROADWAY SUITE 2101
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010038
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133747593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARGAS & RIVERA CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0586 ROUTE 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010956
ReturnHeader/PreparerPersonGrp/PhoneNum08456383113
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THEODORE VARGAS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$674,280
Liabilities
$31,798
Net assets
$642,482
Revenue
$248,500
Expenses
$126,326
Net income
$122,174
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.11$0.97$0.53$0.35$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.06$0.79$0.68$0.92$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.06$1.03$2.88$2.66$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.07$0.80$0.32$0.16$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.64$0.25$0.13$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.01$0.52$0.55$0.11$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.23$0.08$0.64$0.39$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.26$0.17$0.00$0.09$0.09
2016Summary only. Only limited summary data is available for this year.$0.09$0.18$0.00$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.12$0.02$0.08$0.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.11$0.06$0.00
2013Summary only. Only limited summary data is available for this year.$0.05$0.10$0.06$0.05$0.02$0.03