Civic Intelligence

8Th and C Housing Development Fund Corporation

990 • Fiscal year 2024 • EIN 45-4412903

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 20, 2025

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

97th percentile

1.33x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

10.81x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Net Margin

14th percentile

-62%

Higher net margin than 14% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$146,001

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 41.3% of source-year revenue.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2024

Asset Growth

9th percentile

-7.3%

Faster asset growth than 9% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

0.7%

Faster revenue growth than 43% of similar nonprofits.

2024 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$2,883,923

Down $227,243 (-7.3%) from 2023

Net Assets

Down

-$938,795

Down $218,430 (-30%) from 2023

Liabilities

Down

$3,822,718

Down $8,813 (-0.2%) from 2023

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin14th percentile

Revenue

Up

$353,709

Up $2,300 (+0.7%) from 2023

Expenses

Up

$572,139

Up $61,853 (+12%) from 2023

Net Income

Down

-$218,430

Down $59,553 (-37%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2024

Assets$2,883,923
Liabilities$3,822,718
Net Assets-$938,795
Open 2024 Filing

Operations Trend

Revenue Growth43rd 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

2024

Revenue$353,709
Expenses$572,139
Net Income-$218,430
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.2
Gross Receipts
$353,709
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$2,233,457$2,107,715▼ $125,742
Cash and Non-Interest-Bearing Accounts$336,859$186,883▼ $149,976
Accounts Receivable$109,065$133,687▲ $24,622
Prepaid Expenses and Deferred Charges$39,610$25,564▼ $14,046
Intangible Assets$6,087$4,564▼ $1,523
Other Notes and Loans Receivable, Net$2,257$3,844▲ $1,587
Total Assets$3,111,166$2,883,923▼ $227,243
Other Assets Total$383,831$421,666▲ $37,835
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,719,115$3,719,115→ $0
Accounts Payable and Accrued Expenses$85,100$75,831▼ $9,269
Other Liabilities$27,316$27,772▲ $456
Total Liabilities$3,831,531$3,822,718▼ $8,813
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-720,365$-938,795▼ $218,430
Total Net Assets Fund Balance$-720,365$-938,795▼ $218,430
Total Liabilities and Net Assets / Fund Balance$3,111,166$2,883,923▼ $227,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,100,124$1,249,528$3,349,652
Equipment$7,591$50,290$57,881
Other Assets Org$27,772--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleOtherTotal
Rona ClementeExecutive Director$146,001$146,001

Board Members and Trustees

NameTitle
Herman HewittPresident
Bettina KindermannMember
Lillian NazarioMember
Thomas ChenMember
Ying Lin ChenMember
Alistair DupontNon Resident Member
Aura OlavarriaNon Resident Member
Alfred RobinsonNon-resident Member
Astou FallSecretary
Mahbub HassanTreasurer
Alberto TorresVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$341,034
Investment Income
$12,675
Other Revenue
$0
Change in Net Assets
$-218,430

Audited Revenue Reconciliation

Revenue per Audited Statements
$353,709
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$353,709
Total Revenue per Form 990
$353,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$512,883
Salaries, Compensation, and Employee Benefits$59,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$127,265--$127,265
Other Salaries and Wages$47,397--$47,397
Fees for Services Management-$33,201-$33,201
All Other Expenses$31,961--$31,961
Other Expenses$24,541--$24,541
Insurance$22,118--$22,118
Fees for Services Accounting-$12,050-$12,050
Fees for Services Other$6,837--$6,837
Payroll Taxes$6,824--$6,824
Interest$5,748--$5,748
Other Employee Benefits$5,035--$5,035
Fees for Services Legal$4,580--$4,580
Office Expenses$3,841--$3,841
Total Functional Expenses$526,888$45,251$0$572,139

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$572,139
Total Expenses per Audited Statements$572,139
Total Expenses per Form 990$572,139
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$27,772
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, Part VI, Section A, 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, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section A, Line 7B

“Decisions to dissove the corporation and change the by laws are subject to approval by member.”

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, 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, Part VI, Section C, 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
Phone
2124735940
Address
228 E 3RD STREET, NEW YORK, NY 10009

Signing Officer

Name
Rona Clemente
Title
Executive Director
Phone
2124735940
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rona Clemente
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

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

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 644 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt085100
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt075831
IRS990/AccountsReceivableGrp/BOYAmt0109065
IRS990/AccountsReceivableGrp/EOYAmt0133687
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO DEVELOP AND OPERATE LOW INCOME HOUSING FOR RESIDENTS IN THE LOWER EAST SIDE NEW YORK.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt031961
IRS990/AllOtherExpensesGrp/TotalAmt031961
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0336859
IRS990/CashNonInterestBearingGrp/EOYAmt0186883
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt012675
IRS990/CYOtherExpensesAmt0512883
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0341034
IRS990/CYRevenuesLessExpensesAmt0-218430
IRS990/CYSalariesCompEmpBnftPaidAmt059256
IRS990/CYTotalExpensesAmt0572139
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0353709
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0127265
IRS990/DepreciationDepletionGrp/TotalAmt0127265
IRS990/Desc0THE ORGANIZATION PROVIDES MODERATE AND LOW INCOME RENTAL HOUSING TO THE COMMUNITY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0526888
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012050
IRS990/FeesForServicesAccountingGrp/TotalAmt012050
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04580
IRS990/FeesForServicesLegalGrp/TotalAmt04580
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt033201
IRS990/FeesForServicesManagementGrp/TotalAmt033201
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06837
IRS990/FeesForServicesOtherGrp/TotalAmt06837
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
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/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
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/OtherCompensationAmt836394
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0HERMAN HEWITT
IRS990/Form990PartVIISectionAGrp/PersonNm1ALBERTO TORRES
IRS990/Form990PartVIISectionAGrp/PersonNm2MAHBUB HASSAN
IRS990/Form990PartVIISectionAGrp/PersonNm3ASTOU FALL
IRS990/Form990PartVIISectionAGrp/PersonNm4BETTINA KINDERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm6YING LIN CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm7LILLIAN NAZARIO
IRS990/Form990PartVIISectionAGrp/PersonNm8RONA CLEMENTE
IRS990/Form990PartVIISectionAGrp/PersonNm9ALFRED ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm10AURA OLAVARRIA
IRS990/Form990PartVIISectionAGrp/PersonNm11ALISTAIR DUPONT
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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/ReportableCompFromRltdOrgAmt8109607
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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 DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9NON-RESIDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10NON RESIDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11NON RESIDENT MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0353709
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022118
IRS990/InsuranceGrp/TotalAmt022118
IRS990/IntangibleAssetsGrp/BOYAmt06087
IRS990/IntangibleAssetsGrp/EOYAmt04564
IRS990/InterestGrp/ProgramServicesAmt05748
IRS990/InterestGrp/TotalAmt05748
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt012675
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012675
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01299818
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02233457
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02107715
IRS990/LandBldgEquipCostOrOtherBssAmt03407533
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP AND OPERATE LOW INCOME HOUSING FOR RESIDENTS IN THE LOWER EAST SIDE NEW YORK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03719115
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03719115
IRS990/NetAssetsOrFundBalancesBOYAmt0-720365
IRS990/NetAssetsOrFundBalancesEOYAmt0-938795
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-720365
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-938795
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt03841
IRS990/OfficeExpensesGrp/TotalAmt03841
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0383831
IRS990/OtherAssetsTotalGrp/EOYAmt0421666
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05035
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2WATER AND SEWER
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt0153724
IRS990/OtherExpensesGrp/ProgramServicesAmt149537
IRS990/OtherExpensesGrp/ProgramServicesAmt237480
IRS990/OtherExpensesGrp/ProgramServicesAmt324541
IRS990/OtherExpensesGrp/TotalAmt0153724
IRS990/OtherExpensesGrp/TotalAmt149537
IRS990/OtherExpensesGrp/TotalAmt237480
IRS990/OtherExpensesGrp/TotalAmt324541
IRS990/OtherLiabilitiesGrp/BOYAmt027316
IRS990/OtherLiabilitiesGrp/EOYAmt027772
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047397
IRS990/OtherSalariesAndWagesGrp/TotalAmt047397
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02257
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03844
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06824
IRS990/PayrollTaxesGrp/TotalAmt06824
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039610
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025564
IRS990/PrincipalOfficerNm0RONA CLEMENTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0341034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0341034
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09134
IRS990/PYOtherExpensesAmt0464563
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0342275
IRS990/PYRevenuesLessExpensesAmt0-158877
IRS990/PYSalariesCompEmpBnftPaidAmt045723
IRS990/PYTotalExpensesAmt0510286
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0351409
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-218430
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02100124
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01249528
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03349652
IRS990ScheduleD/EquipmentGrp/BookValueAmt07591
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050290
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057881
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0572139
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076638
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1119707
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2197549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt327772
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0353709
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/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02107715
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0421666
IRS990ScheduleD/TotalExpensesPerForm990Amt0572139
IRS990ScheduleD/TotalLiabilityAmt027772
IRS990ScheduleD/TotalRevenuePerForm990Amt0353709
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0353709
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0572139
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 DISSOVE THE CORPORATION AND CHANGE THE BY LAWS ARE SUBJECT TO APPROVAL BY MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS REVIEWED BY THE 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C
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/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd40
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd50
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0201621484
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1133768285
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2134225650

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,883,923
Liabilities
$3,822,718
Net assets
-$938,795
Revenue
$353,709
Expenses
$572,139
Net income
-$218,430
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.88$3.82$0.94$0.35$0.57$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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