Civic Intelligence

8Th and C Housing Development Fund Corporation

990 • Fiscal year 2023 • EIN 45-4412903

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 19, 2024

Organization ProfileN/A
228 E 3rd StreetNew York, NY 10009

(212) 473-5940

Siviq Scores

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

Liabilities / Assets

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

10.90x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Net Margin

15th percentile

-45%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$102,950

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 29.3% of source-year revenue.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Asset Growth

19th percentile

-4.6%

Faster asset growth than 19% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

4.0%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,111,166

Down $151,023 (-4.6%) from 2022

Net Assets

Down

-$720,365

Down $160,245 (-29%) from 2022

Liabilities

Up

$3,831,531

Up $9,222 (+0.2%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin15th percentile

Revenue

Up

$351,409

Up $13,381 (+4.0%) from 2022

Expenses

Up

$510,286

Up $56,309 (+12%) from 2022

Net Income

Down

-$158,877

Down $42,928 (-37%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2018: $3,631,775Liabilities 2018: $3,816,984Net Assets 2018: -$185,2092018Assets 2019: $3,555,445Liabilities 2019: $3,812,289Net Assets 2019: -$256,8442019Assets 2020: $3,449,950Liabilities 2020: $3,813,743Net Assets 2020: -$363,7932020Assets 2021: $3,371,775Liabilities 2021: $3,814,582Net Assets 2021: -$442,8072021Assets 2022: $3,262,189Liabilities 2022: $3,822,309Net Assets 2022: -$560,1202022Assets 2023: $3,111,166Liabilities 2023: $3,831,531Net Assets 2023: -$720,3652023Assets 2024: $2,883,923Liabilities 2024: $3,822,718Net Assets 2024: -$938,7952024

Highlighted filing

2023

Assets$3,111,166
Liabilities$3,831,531
Net Assets-$720,365
Open 2023 Filing

Operations Trend

Revenue Growth53rd percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2018: $330,045Expenses 2018: $392,483Net Income 2018: -$62,4382018Revenue 2019: $327,618Expenses 2019: $397,889Net Income 2019: -$70,2712019Revenue 2020: $338,825Expenses 2020: $444,410Net Income 2020: -$105,5852020Revenue 2021: $333,972Expenses 2021: $411,623Net Income 2021: -$77,6512021Revenue 2022: $338,028Expenses 2022: $453,977Net Income 2022: -$115,9492022Revenue 2023: $351,409Expenses 2023: $510,286Net Income 2023: -$158,8772023Revenue 2024: $353,709Expenses 2024: $572,139Net Income 2024: -$218,4302024

Highlighted filing

2023

Revenue$351,409
Expenses$510,286
Net Income-$158,877
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 19, 2024
Return Version
2023v5.0
Gross Receipts
$351,409
Mission and Program Overview

Mission

To develop and operate low income housing for residents in the lower east side new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,361,053$2,233,457▼ $127,596
Cash and Non-Interest-Bearing Accounts$357,312$336,859▼ $20,453
Accounts Receivable$96,889$109,065▲ $12,176
Prepaid Expenses and Deferred Charges$55,759$39,610▼ $16,149
Intangible Assets$10,352$6,087▼ $4,265
Other Notes and Loans Receivable, Net$33,657$2,257▼ $31,400
Total Assets$3,262,189$3,111,166▼ $151,023
Other Assets Total$347,167$383,831▲ $36,664
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,719,115$3,719,115→ $0
Accounts Payable and Accrued Expenses$77,184$85,100▲ $7,916
Other Liabilities$26,010$27,316▲ $1,306
Total Liabilities$3,822,309$3,831,531▲ $9,222
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-560,120$-720,365▼ $160,245
Total Net Assets Fund Balance$-560,120$-720,365▼ $160,245
Total Liabilities and Net Assets / Fund Balance$3,262,189$3,111,166▼ $151,023

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,221,932$1,127,720$3,349,652
Equipment$11,525$46,356$57,881
Other Assets Org$27,316--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleOtherTotal
Rona ClementeExecutive Di$102,950$102,950

Board Members and Trustees

NameTitle
Herman HewittPresident
Kil J YiMember
Lillian NazarioMember
Thomas ChenMember
Ying Lin ChenMember
Bettina KindermannSecretary
Mahbub HassanTreasurer
Veronique DoumbeVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$342,275
Investment Income
$9,134
Other Revenue
$0
Change in Net Assets
$-158,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$351,409
Total Revenue per Audited Statements
$351,409
Total Revenue per Form 990
$351,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$464,563
Salaries, Compensation, and Employee Benefits$45,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$130,493--$130,493
Other Salaries and Wages$39,446--$39,446
Other Expenses$34,781--$34,781
Fees for Services Management-$25,207-$25,207
Insurance$22,296--$22,296
Fees for Services Other$15,009--$15,009
All Other Expenses$14,510--$14,510
Fees for Services Accounting-$12,075-$12,075
Payroll Taxes$6,211--$6,211
Interest$5,748--$5,748
Fees for Services Legal$3,170--$3,170
Office Expenses$3,145--$3,145
Other Employee Benefits$66--$66
Total Functional Expenses$473,004$37,282$0$510,286

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$511,654
Expenses per Audited Statements$510,286
Total Expenses per Form 990$510,286
Expenses Not Reported on Form 990$1,368
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit$27,316
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members who are tenants of the public housing facilities. These members elect 7 members of the board of directors.”

Form 990, Page 6, Part VI, Line 7A

“Board members elected by tenant associates can appoint a minimum of 4 additional board members that are not tenants.”

Form 990, Page 6, Part VI, Line 7B

“Decisions to dissolve the corporation and change the by laws are subject to approval by members.”

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

“The organization's 990 is reviewed by president and executive director before it is finalized and issued.”

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

“The organization sends out an annual questionnaire to the board members.”

Form 990, Page 6, Part VI, Line 15A

“The organization's process for determining compensation is performed by the board of directors, reviews and approves the compensation on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“Documents, which are public record, are available from ny secretary of state.”

Filing and Contact Details

Filer

Filer Name
8th and C Housing Development Fund
EIN
45-4412903
Address
228 E 3RD STREET, NEW YORK, NY 10009

Signing Officer

Name
Rona Clemente
Title
Executive Director
Signed
2024-10-19

Organization Details

Principal Officer
Herman Hewitt
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book/tax depreciation difference -1,368”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once they move out of the apartment.”

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 1,368”

Raw XML AppendixShowing 400 of 635 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/BOYAmt077184
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt085100
IRS990/AccountsReceivableGrp/BOYAmt096889
IRS990/AccountsReceivableGrp/EOYAmt0109065
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO DEVELOP AND OPERATE LOW INCOME HOUSING FOR RESIDENTS IN THE LOWER EAST SIDE NEW YORK.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt014510
IRS990/AllOtherExpensesGrp/TotalAmt014510
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LOWER EAST SIDE PEOPLE'S MUTUAL
IRS990/BooksInCareOfDetail/PhoneNum02124735940
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0228 EAST 3RD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010009
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0357312
IRS990/CashNonInterestBearingGrp/EOYAmt0336859
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt09134
IRS990/CYOtherExpensesAmt0464563
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0342275
IRS990/CYRevenuesLessExpensesAmt0-158877
IRS990/CYSalariesCompEmpBnftPaidAmt045723
IRS990/CYTotalExpensesAmt0510286
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0351409
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0130493
IRS990/DepreciationDepletionGrp/TotalAmt0130493
IRS990/Desc0THE ORGANIZATION PROVIDES MODERATE AND LOW INCOME RENTAL HOUSING TO THE COMMUNITY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0473004
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012075
IRS990/FeesForServicesAccountingGrp/TotalAmt012075
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03170
IRS990/FeesForServicesLegalGrp/TotalAmt03170
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt025207
IRS990/FeesForServicesManagementGrp/TotalAmt025207
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt015009
IRS990/FeesForServicesOtherGrp/TotalAmt015009
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt035.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt87052
IRS990/Form990PartVIISectionAGrp/PersonNm0HERMAN HEWITT
IRS990/Form990PartVIISectionAGrp/PersonNm1VERONIQUE DOUMBE
IRS990/Form990PartVIISectionAGrp/PersonNm2MAHBUB HASSAN
IRS990/Form990PartVIISectionAGrp/PersonNm3BETTINA KINDERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm4KIL J YI
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm6YING LIN CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm7LILLIAN NAZARIO
IRS990/Form990PartVIISectionAGrp/PersonNm8RONA CLEMENTE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt895898
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0351409
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022296
IRS990/InsuranceGrp/TotalAmt022296
IRS990/IntangibleAssetsGrp/BOYAmt010352
IRS990/IntangibleAssetsGrp/EOYAmt06087
IRS990/InterestGrp/ProgramServicesAmt05748
IRS990/InterestGrp/TotalAmt05748
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt09134
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09134
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01174076
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02361053
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02233457
IRS990/LandBldgEquipCostOrOtherBssAmt03407533
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO DEVELOP AND OPERATE LOW INCOME HOUSING FOR RESIDENTS IN THE LOWER EAST SIDE NEW YORK.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03719115
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03719115
IRS990/NetAssetsOrFundBalancesBOYAmt0-560120
IRS990/NetAssetsOrFundBalancesEOYAmt0-720365
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-560120
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-720365
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt03145
IRS990/OfficeExpensesGrp/TotalAmt03145
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0347167
IRS990/OtherAssetsTotalGrp/EOYAmt0383831
IRS990/OtherChangesInNetAssetsAmt0-1368
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2CLEANING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3WATER AND SEWER
IRS990/OtherExpensesGrp/ProgramServicesAmt092696
IRS990/OtherExpensesGrp/ProgramServicesAmt165341
IRS990/OtherExpensesGrp/ProgramServicesAmt240092
IRS990/OtherExpensesGrp/ProgramServicesAmt334781
IRS990/OtherExpensesGrp/TotalAmt092696
IRS990/OtherExpensesGrp/TotalAmt165341
IRS990/OtherExpensesGrp/TotalAmt240092
IRS990/OtherExpensesGrp/TotalAmt334781
IRS990/OtherLiabilitiesGrp/BOYAmt026010
IRS990/OtherLiabilitiesGrp/EOYAmt027316
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039446
IRS990/OtherSalariesAndWagesGrp/TotalAmt039446
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033657
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02257
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06211
IRS990/PayrollTaxesGrp/TotalAmt06211
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055759
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039610
IRS990/PrincipalOfficerNm0HERMAN HEWITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0342275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0342275
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt03519
IRS990/PYOtherExpensesAmt0403300
IRS990/PYProgramServiceRevenueAmt0334509
IRS990/PYRevenuesLessExpensesAmt0-115949
IRS990/PYSalariesCompEmpBnftPaidAmt050677
IRS990/PYTotalExpensesAmt0453977
IRS990/PYTotalRevenueAmt0338028
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-158877
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02221932
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01127720
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03349652
IRS990ScheduleD/EquipmentGrp/BookValueAmt011525
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046356
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057881
IRS990ScheduleD/ExpensesNotReportedAmt01368
IRS990ScheduleD/ExpensesSubtotalAmt0510286
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0180692
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1118661
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt257162
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt327316
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt01368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0351409
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 1,368
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02233457
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0383831
IRS990ScheduleD/TotalExpensesPerForm990Amt0510286
IRS990ScheduleD/TotalLiabilityAmt027316
IRS990ScheduleD/TotalRevenuePerForm990Amt0351409
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0351409
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0511654
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WHO ARE TENANTS OF THE PUBLIC HOUSING FACILITIES. THESE MEMBERS ELECT 7 MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ELECTED BY TENANT ASSOCIATES CAN APPOINT A MINIMUM OF 4 ADDITIONAL BOARD MEMBERS THAT ARE NOT TENANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS TO DISSOLVE THE CORPORATION AND CHANGE THE BY LAWS ARE SUBJECT TO APPROVAL BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED BY PRESIDENT AND EXECUTIVE DIRECTOR BEFORE IT IS FINALIZED AND ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION SENDS OUT AN ANNUAL QUESTIONNAIRE TO THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION IS PERFORMED BY THE BOARD OF DIRECTORS, REVIEWS AND APPROVES THE COMPENSATION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK/TAX DEPRECIATION DIFFERENCE -1,368
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0C WATSON CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1DIVERSITY HOUSES CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2LESMHA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3SECOND AND FOURTH STREET CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4UMH CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5GARDEN HOUSE I CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0228 EAST 3RD STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1228 EAST 3RD STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt2228 EAST 3RD STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt3228 EAST 3RD STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt4228 EAST 3RD STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt5228 EAST 3RD STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm3NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm4NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm5NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd4NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd5NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010009
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110009
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd210009
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd310009
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd410009
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd510009
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd3false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd4false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd5false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0201621484
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1133768285
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2134225650
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3134069777
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN4562559203
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN5452774052
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd3false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd4false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd5false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt4HOUSING

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,111,166
Liabilities
$3,831,531
Net assets
-$720,365
Revenue
$351,409
Expenses
$510,286
Net income
-$158,877
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$3.82$0.94$0.35$0.57$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.11$3.83$0.72$0.35$0.51$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$3.82$0.56$0.34$0.45$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$3.81$0.44$0.33$0.41$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$3.81$0.36$0.34$0.44$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$3.81$0.26$0.33$0.40$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$3.82$0.19$0.33$0.39$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)2 • $1M-$5M nonprofits