Civic Intelligence

Jdd Court Housing Development Fund

EIN 46-1664159 • 501(c)3 • Bronx, NY

Profile

The corporation is organized exclusively for the purpose of developing on a tax-exempt basis, an affordable housing project for persons of low income.

576B East 165th StreetBronx, NY 10456

mrcbx.org

Siviq Scores

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

Liabilities / Assets

56th percentile

0.95x

Higher debt load relative to assets than 56% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

5.53x

Higher debt load relative to revenue than 58% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2023

Net Margin

53rd percentile

-13%

Higher net margin than 53% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$190,807

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 24.1% of source-year revenue.

NTEE L21 • $1M-$5M nonprofits • Source year 2023

Asset Growth

54th percentile

-2.1%

Faster asset growth than 54% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

2.4%

Faster revenue growth than 48% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,603,276

Down $98,319 (-2.1%) from 2022

Liabilities

Up

$4,382,390

Up $2,144 (+0.0%) from 2022

Net Assets

Down

$220,886

Down $100,463 (-31%) from 2022

Revenue

Up

$792,895

Up $18,273 (+2.4%) from 2022

Expenses

Down

$893,358

Down $17,385 (-1.9%) from 2022

Net Income

Up

-$100,463

Up $35,658 (+26%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $4,446,347Liabilities 2016: $4,438,426Net Assets 2016: $7,9212016Assets 2017: $4,581,347Liabilities 2017: $4,484,027Net Assets 2017: $97,3202017Assets 2018: $4,662,887Liabilities 2018: $4,452,114Net Assets 2018: $210,7732018Assets 2019: $4,828,847Liabilities 2019: $4,436,289Net Assets 2019: $392,5582019Assets 2020: $4,820,353Liabilities 2020: $4,429,394Net Assets 2020: $390,9592020Assets 2021: $4,834,062Liabilities 2021: $4,376,592Net Assets 2021: $457,4702021Assets 2022: $4,701,595Liabilities 2022: $4,380,246Net Assets 2022: $321,3492022Assets 2023: $4,603,276Liabilities 2023: $4,382,390Net Assets 2023: $220,8862023

Highlighted filing

2023

Assets$4,603,276
Liabilities$4,382,390
Net Assets$220,886

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $715,200Expenses 2016: $748,426Net Income 2016: -$33,2262016Revenue 2017: $692,229Expenses 2017: $639,524Net Income 2017: $52,7052017Revenue 2018: $736,720Expenses 2018: $623,267Net Income 2018: $113,4532018Revenue 2019: $759,797Expenses 2019: $578,012Net Income 2019: $181,7852019Revenue 2020: $758,235Expenses 2020: $759,834Net Income 2020: -$1,5992020Revenue 2021: $828,388Expenses 2021: $761,877Net Income 2021: $66,5112021Revenue 2022: $774,622Expenses 2022: $910,743Net Income 2022: -$136,1212022Revenue 2023: $792,895Expenses 2023: $893,358Net Income 2023: -$100,4632023

Highlighted filing

2023

Revenue$792,895
Expenses$893,358
Net Income-$100,463

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$792,895
Mission and Program Overview

Mission

The corporation is organized exclusively for the purpose of developing on a tax-exempt basis, an affordable housing project for persons of low income.

Affordable housing project for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,157,456$3,062,941▼ $94,515
Accounts Receivable$149,346$221,710▲ $72,364
Cash and Non-Interest-Bearing Accounts$106,805--
Intangible Assets$5,044$0▼ $5,044
Total Assets$4,701,595$4,603,276▼ $98,319
Other Assets Total$1,282,944$1,318,625▲ $35,681
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,219,466$4,204,070▼ $15,396
Other Liabilities$150,418$146,706▼ $3,712
Accounts Payable and Accrued Expenses$10,362$31,614▲ $21,252
Total Liabilities$4,380,246$4,382,390▲ $2,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$321,349$220,886▼ $100,463
Total Net Assets Fund Balance$321,349$220,886▼ $100,463
Total Liabilities and Net Assets / Fund Balance$4,701,595$4,603,276▼ $98,319

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,059,541$1,091,495$4,151,036
Land$3,400-$3,400
Other Assets Org$58,348--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Helen Foreman-hinesPresident
Izzy KukajVice President
Robert BalachandranVice President
Abigail TaylorDirector
Jackie Forbes-clarkDirector
Rita JonesDirector
Rosemarie GordonDirector
Paul MooreExecutive Director
Fredrica ClarkSecretary
Sean TurnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$790,805
Investment Income
$2,090
Other Revenue
$0
Change in Net Assets
$-100,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$893,358
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
Fees for Services Other$259,748--$259,748
Depreciation Depletion$114,648--$114,648
Insurance$76,365--$76,365
Fees for Services Management$57,579--$57,579
Interest$42,684--$42,684
Fees for Services Accounting$24,404--$24,404
Fees for Services Legal$19,705--$19,705
Other Expenses$15,507--$15,507
Office Expenses$4,388--$4,388
Total Functional Expenses$893,358$0$0$893,358
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$92,001
Tenant Security Deposits$48,988
Prepaid Rent$5,698
Section 8 Suspense$19
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A draft of form 990 is reviewed and approved by the board prior to filing.

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

Board members are required to disclose any conflicts of interest on an annual basis and as potential conflicts arise.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Jdd Court Housing Development Fund
EIN
46-1664159
Phone
7185897958
Address
576B EAST 165TH STREET, BRONX, NY 10456

Signing Officer

Name
Paul Moore
Title
Executive Director
Phone
6466758248
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Moore
Formed
2013
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Marcum Llp
Address
10 MELVILLE PARK ROAD, MELVILLE, NY 11747-3146
Preparer
Mary Ann Mendel
Phone
6314144000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll funding: program service expenses 259,748. Management and general expenses 0. Fundraising expenses 0. Total expenses 259,748.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03316
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04281
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07008
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt021912
IRS990ScheduleA/InvestmentIncomeCYPct00.00560
IRS990ScheduleA/InvestmentIncomePYPct00.00720
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99440
IRS990ScheduleA/PublicSupportPY509Pct00.99280
IRS990ScheduleA/PublicSupportTotal509Amt03892907
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0790805
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0771306
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0824107
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0753018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0753671
IRS990ScheduleA/Total509Grp/TotalAmt03892907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0792895
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0774622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0828388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0758235
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0760679
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03914819
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03059541
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01091495
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04151036
IRS990ScheduleD/LandGrp/BookValueAmt03400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0473427
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt146990
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2484830
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3254870
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4160
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt558348
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2BUILDING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NOTE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4UTILITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt092001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt248988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECTION 8 SUSPENSE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03062941
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01318625
IRS990ScheduleD/TotalLiabilityAmt0146706
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0190807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL MOORE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0190807
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD APPROVES EXECUTIVE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS AND AS POTENTIAL CONFLICTS ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL FUNDING: PROGRAM SERVICE EXPENSES 259,748. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 259,748.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MORRISANIA REVITALIZATION CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MRC MELROSE HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2MARSHALL COURT HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MRC 754 EAST 161ST STREET HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4MCGEE PLAZA HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5FULTON PLAZA HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133113927
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1461680265
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2133651523
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3133833870
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4811477381
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5133651524
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3

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