Civic Intelligence

Gouverneur Court Housing Development Fund Corporation

990 • Fiscal year 2019 • EIN 45-4475604

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 28, 2020

Organization ProfileN/A
17 Battery Place Suite 1326New York, NY 10004

(212) 780-1400

Siviq Scores

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

Liabilities / Assets

84th percentile

1.21x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

6.11x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Net Margin

37th percentile

-7.6%

Higher net margin than 37% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

64th percentile

$207,070

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Asset Growth

33rd percentile

-3.1%

Faster asset growth than 33% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

9.5%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$7,686,442

Down $243,081 (-3.1%) from 2018

Net Assets

Down

-$1,624,015

Down $115,353 (-7.6%) from 2018

Liabilities

Down

$9,310,457

Down $127,728 (-1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin37th percentile

Revenue

Up

$1,523,746

Up $131,993 (+9.5%) from 2018

Expenses

Up

$1,639,099

Up $11,872 (+0.7%) from 2018

Net Income

Up

-$115,353

Up $120,121 (+51%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$10M$5.0M$0-$5.0MAssets 2012: $6,020,716Liabilities 2012: $8,363,580Net Assets 2012: -$2,342,8642012Assets 2013: $7,433,735Liabilities 2013: $8,368,624Net Assets 2013: -$934,8892013Assets 2014: $7,601,986Liabilities 2014: $8,545,671Net Assets 2014: -$943,6852014Assets 2015: $7,530,544Liabilities 2015: $8,490,464Net Assets 2015: -$959,9202015Assets 2016: $7,296,599Liabilities 2016: $8,551,725Net Assets 2016: -$1,255,1662016Assets 2017: $7,886,216Liabilities 2017: $9,159,404Net Assets 2017: -$1,273,1882017Assets 2018: $7,929,523Liabilities 2018: $9,438,185Net Assets 2018: -$1,508,6622018Assets 2019: $7,686,442Liabilities 2019: $9,310,457Net Assets 2019: -$1,624,0152019Assets 2020: $7,364,597Liabilities 2020: $9,317,008Net Assets 2020: -$1,952,4112020Assets 2021: $6,980,696Liabilities 2021: $9,295,773Net Assets 2021: -$2,315,0772021Assets 2022: $6,812,360Liabilities 2022: $9,232,563Net Assets 2022: -$2,420,2032022Assets 2023: $6,889,708Liabilities 2023: $9,315,831Net Assets 2023: -$2,426,1232023Assets 2024: $6,795,432Liabilities 2024: $9,299,503Net Assets 2024: -$2,504,0712024Assets 2025: $6,316,294Liabilities 2025: $9,308,136Net Assets 2025: -$2,991,8422025

Highlighted filing

2019

Assets$7,686,442
Liabilities$9,310,457
Net Assets-$1,624,015
Open 2019 Filing

Operations Trend

Revenue Growth80th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $1,383,295Expenses 2012: $1,867,640Net Income 2012: -$484,3452012Revenue 2013: $1,542,302Expenses 2013: $1,461,403Net Income 2013: $80,8992013Revenue 2014: $1,461,696Expenses 2014: $1,470,492Net Income 2014: -$8,7962014Revenue 2015: $1,445,556Expenses 2015: $1,461,791Net Income 2015: -$16,2352015Revenue 2016: $1,327,924Expenses 2016: $1,623,170Net Income 2016: -$295,2462016Revenue 2017: $1,436,946Expenses 2017: $1,454,968Net Income 2017: -$18,0222017Revenue 2018: $1,391,753Expenses 2018: $1,627,227Net Income 2018: -$235,4742018Revenue 2019: $1,523,746Expenses 2019: $1,639,099Net Income 2019: -$115,3532019Revenue 2020: $1,407,120Expenses 2020: $1,735,516Net Income 2020: -$328,3962020Revenue 2021: $1,332,773Expenses 2021: $1,695,439Net Income 2021: -$362,6662021Revenue 2022: $1,308,946Expenses 2022: $1,414,072Net Income 2022: -$105,1262022Revenue 2023: $1,455,451Expenses 2023: $1,461,371Net Income 2023: -$5,9202023Revenue 2024: $1,445,419Expenses 2024: $1,523,367Net Income 2024: -$77,9482024Revenue 2025: $1,112,729Expenses 2025: $1,600,500Net Income 2025: -$487,7712025

Highlighted filing

2019

Revenue$1,523,746
Expenses$1,639,099
Net Income-$115,353
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 28, 2020
Return Version
2018v3.1
Gross Receipts
$1,523,746
Mission and Program Overview

Mission

To operate a 124-unit low-income rental housing project located in the borough of manhattan, new york.

To operate a low-income rental housing project located in the borough of manhattan, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,173,977$4,826,870▼ $347,107
Savings and Temporary Cash Investments$1,486,234$1,614,179▲ $127,945
Cash and Non-Interest-Bearing Accounts$1,047,974$1,064,041▲ $16,067
Accounts Receivable$55,606$94,952▲ $39,346
Prepaid Expenses and Deferred Charges$4,674$43,901▲ $39,227
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,929,523$7,686,442▼ $243,081
Other Assets Total$161,058$42,499▼ $118,559
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,104,267$9,119,406▲ $15,139
Accounts Payable and Accrued Expenses$125,216$148,877▲ $23,661
Other Liabilities$208,702$42,174▼ $166,528
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,438,185$9,310,457▼ $127,728
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,508,662$-1,624,015▼ $115,353
Total Net Assets Fund Balance$-1,508,662$-1,624,015▼ $115,353
Total Liabilities and Net Assets / Fund Balance$7,929,523$7,686,442▼ $243,081

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,952,241$9,194,624$13,146,865
Land$755,526-$755,526
Equipment$25,115$174,188$199,303
Other Land Buildings$93,988$0$93,988
Leasehold Improvements--$0
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleOtherTotal
Christopher LacovaraSecretary$135,866$135,866

Board Members and Trustees

NameTitle
Carolyn HediganPresident
STEVEN COE thru 063019Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,240,747
Investment Income
$0
Other Revenue
$282,999
Change in Net Assets
$-115,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,639,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$598,092--$598,092
Depreciation Depletion$509,763--$509,763
All Other Expenses$40,353$24,376-$64,729
Fees for Services Other-$17,074-$17,074
Fees for Services Accounting-$15,405-$15,405
Other Expenses$8,750$111,406-$8,750
Fees for Services Legal-$2,891-$2,891
Total Functional Expenses$1,467,947$171,152$0$1,639,099
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$23,473
Security Deposits$18,701
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“The form 990 is presented and reviewed with the finance committee who then report to the board of directors on its content.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Board members are asked to sign a conflict of interest form on an annual basis.”

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

“The organization does not compensate any officers or key employees.”

FORM 990, PART VI, SECTION C, LINE 19:

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gouverneur Court Housing Development Fund
EIN
45-4475604
In Care Of
% CHRISTOPHER LACOVARA
Phone
2127801400
Address
17 Battery Place Suite 1326, NEW YORK, NY 10004

Signing Officer

Name
Christopher Lacovara
Title
CFO/general Counsel
Phone
2127801400
Signed
2020-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Hedigan
Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Under accounting standards codification ("asc") 740, "income taxes" an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination. Gouverneur court housing development fund corporation (the "reporting organization") does not believe there are any material uncertain tax positions and, accordingly, it will not recognize the financial statement effects for unrecognized tax positions. The reporting organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so.”

Raw XML AppendixShowing 400 of 673 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/BOYAmt0125216
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0148877
IRS990/AccountsReceivableGrp/BOYAmt055606
IRS990/AccountsReceivableGrp/EOYAmt094952
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE A LOW-INCOME RENTAL HOUSING PROJECT LOCATED IN THE BOROUGH OF MANHATTAN, NEW YORK.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt024376
IRS990/AllOtherExpensesGrp/ProgramServicesAmt040353
IRS990/AllOtherExpensesGrp/TotalAmt064729
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0CHRISTOPHER LACOVARA
IRS990/BooksInCareOfDetail/PhoneNum02127801400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt017 BATTERY PLACE SUITE 1326
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010004
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01047974
IRS990/CashNonInterestBearingGrp/EOYAmt01064041
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01639099
IRS990/CYOtherRevenueAmt0282999
IRS990/CYProgramServiceRevenueAmt01240747
IRS990/CYRevenuesLessExpensesAmt0-115353
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01639099
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01523746
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0509763
IRS990/DepreciationDepletionGrp/TotalAmt0509763
IRS990/Desc0THE ORGANIZATION OWNS AND OPERATES A 123 UNIT HOUSING FACILITY FOR LOW INCOME ADULTS AND ADULTS WITH PSYCHIATRIC DISABILITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt01467947
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015405
IRS990/FeesForServicesAccountingGrp/TotalAmt015405
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02891
IRS990/FeesForServicesLegalGrp/TotalAmt02891
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt017074
IRS990/FeesForServicesOtherGrp/TotalAmt017074
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt143.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt243.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt07127
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt112759
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt219400
IRS990/Form990PartVIISectionAGrp/PersonNm0CAROLYN HEDIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVEN COE thru 063019
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTOPHER LACOVARA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0161949
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1194311
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2116466
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01523746
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09368812
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05173977
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04826870
IRS990/LandBldgEquipCostOrOtherBssAmt014195682
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE A 123-UNIT LOW-INCOME RENTAL HOUSING PROJECT LOCATED IN THE BOROUGH OF MANHATTAN, NEW YORK.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09104267
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09119406
IRS990/NetAssetsOrFundBalancesBOYAmt0-1508662
IRS990/NetAssetsOrFundBalancesEOYAmt0-1624015
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0598092
IRS990/OccupancyGrp/TotalAmt0598092
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0161058
IRS990/OtherAssetsTotalGrp/EOYAmt042499
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ALLOCATED PAYROLL & BENEFITS
IRS990/OtherExpensesGrp/Desc1PROPERTY MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc2PROVISION FOR ALLOWANCE
IRS990/OtherExpensesGrp/Desc3SUPPLIES AND EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0111406
IRS990/OtherExpensesGrp/ProgramServicesAmt0295609
IRS990/OtherExpensesGrp/ProgramServicesAmt115380
IRS990/OtherExpensesGrp/ProgramServicesAmt28750
IRS990/OtherExpensesGrp/TotalAmt0295609
IRS990/OtherExpensesGrp/TotalAmt1111406
IRS990/OtherExpensesGrp/TotalAmt215380
IRS990/OtherExpensesGrp/TotalAmt38750
IRS990/OtherLiabilitiesGrp/BOYAmt0208702
IRS990/OtherLiabilitiesGrp/EOYAmt042174
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1FORGIVENESS OF DEBT
IRS990/OtherRevenueMiscGrp/Desc2LATE FEES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0240511
IRS990/OtherRevenueMiscGrp/ExclusionAmt139295
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03193
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0240511
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt139295
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23193
IRS990/OtherRevenueTotalAmt0282999
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04674
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043901
IRS990/PrincipalOfficerNm0CAROLYN HEDIGAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01240747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01240747
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01627227
IRS990/PYOtherRevenueAmt0133582
IRS990/PYProgramServiceRevenueAmt01258171
IRS990/PYRevenuesLessExpensesAmt0-235474
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01627227
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01391753
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-115353
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01243940
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01486234
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01614179
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0505
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0380
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01243940
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01262224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01261380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01219029
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01235915
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06222488
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0505
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0885
IRS990ScheduleA/InvestmentIncomeCYPct00.00012
IRS990ScheduleA/InvestmentIncomePYPct00.00016
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0279806
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0129529
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0175566
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0108390
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0209051
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0902342
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.87324
IRS990ScheduleA/PublicSupportPY509Pct00.86934
IRS990ScheduleA/PublicSupportTotal509Amt06222488
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01243940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01262224
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01261380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01219029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01235915
IRS990ScheduleA/Total509Grp/TotalAmt06222488
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01523746
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01391753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01436946
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01327924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01445346
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07125715
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03952241
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09194624
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013146865
IRS990ScheduleD/EquipmentGrp/BookValueAmt025115
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0174188
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0199303
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0755526
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0755526
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt093988
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt093988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018701
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, "INCOME TAXES" AN ORGANIZATION MUST RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. GOUVERNEUR COURT HOUSING DEVELOPMENT FUND CORPORATION (THE "REPORTING ORGANIZATION") DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE THE FINANCIAL STATEMENT EFFECTS FOR UNRECOGNIZED TAX POSITIONS. THE REPORTING ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04826870
IRS990ScheduleD/TotalLiabilityAmt042174
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0161949
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1194311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt01674
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt12021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110738
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CAROLYN HEDIGAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1STEVEN COE thru 063019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,686,442
Liabilities
$9,310,457
Net assets
-$1,624,015
Revenue
$1,523,746
Expenses
$1,639,099
Net income
-$115,353
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.32$9.31$2.99$1.11$1.60$0.49
2024Detailed filing. Detailed filing data is available for this year.$6.80$9.30$2.50$1.45$1.52$0.08
2023Detailed filing. Detailed filing data is available for this year.$6.89$9.32$2.43$1.46$1.46$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.81$9.23$2.42$1.31$1.41$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.98$9.30$2.32$1.33$1.70$0.36
2020Detailed filing. Detailed filing data is available for this year.$7.36$9.32$1.95$1.41$1.74$0.33
2019Detailed filing. Detailed filing data is available for this year.$7.69$9.31$1.62$1.52$1.64$0.12
2018Detailed filing. Detailed filing data is available for this year.$7.93$9.44$1.51$1.39$1.63$0.24
2017Detailed filing. Detailed filing data is available for this year.$7.89$9.16$1.27$1.44$1.45$0.02
2016Summary only. Only limited summary data is available for this year.$7.30$8.55$1.26$1.33$1.62$0.30
2015Summary only. Only limited summary data is available for this year.$7.53$8.49$0.96$1.45$1.46$0.02
2014Summary only. Only limited summary data is available for this year.$7.60$8.55$0.94$1.46$1.47$0.01
2013Summary only. Only limited summary data is available for this year.$7.43$8.37$0.93$1.54$1.46$0.08
2012Summary only. Only limited summary data is available for this year.$6.02$8.36$2.34$1.38$1.87$0.48