Civic Intelligence

Kb25 Housing Development Fund Corporation

EIN 47-0976556 • 501(c)4 • New York, NY

Profile

Kb25 housing development fund corporation was formed to own and operate a residential building for persons of low and moderate income.

902 Broadway 13th FloorNew York, NY 10010

n/A

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

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

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.12x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

8th percentile

-43%

Higher net margin than 8% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

100th percentile

$968,887

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 83.7% of source-year revenue.

$10M-$25M nonprofits • Source year 2022

Asset Growth

14th percentile

-4.6%

Faster asset growth than 14% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-1.3%

Faster revenue growth than 24% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$14,331,668

Down $685,341 (-4.6%) from 2023

Liabilities

Down

$159,361

Down $118,415 (-43%) from 2023

Net Assets

Down

$14,172,307

Down $566,926 (-3.8%) from 2023

Operations
Liabilities / Revenue42nd percentileNet Margin8th percentile

Revenue

Down

$1,327,715

Down $17,679 (-1.3%) from 2023

Expenses

Up

$1,894,679

Up $670,446 (+55%) from 2023

Net Income

Down

-$566,964

Down $688,125 (-568%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

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

$20M$15M$10M$5.0M$0Assets 2014: $5,796,233Liabilities 2014: $5,796,233Net Assets 2014: $02014Assets 2015: $15,250,638Liabilities 2015: $15,239,362Net Assets 2015: $11,2762015Assets 2016: $17,245,986Liabilities 2016: $17,133,424Net Assets 2016: $112,5622016Assets 2017: $17,030,317Liabilities 2017: $258,540Net Assets 2017: $16,771,7772017Assets 2018: $16,551,721Liabilities 2018: $450,628Net Assets 2018: $16,101,0932018Assets 2019: $16,297,846Liabilities 2019: $316,033Net Assets 2019: $15,981,8132019Assets 2020: $15,872,026Liabilities 2020: $122,931Net Assets 2020: $15,749,0952020Assets 2021: $15,497,020Liabilities 2021: $109,427Net Assets 2021: $15,387,5932021Assets 2022: $14,959,638Liabilities 2022: $344,483Net Assets 2022: $14,615,1552022Assets 2023: $15,017,009Liabilities 2023: $277,776Net Assets 2023: $14,739,2332023Assets 2024: $14,331,668Liabilities 2024: $159,361Net Assets 2024: $14,172,3072024

Highlighted filing

2024

Assets$14,331,668
Liabilities$159,361
Net Assets$14,172,307
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $42,266Expenses 2015: $0Net Income 2015: $42,2662015Revenue 2016: $70,296Expenses 2016: $0Net Income 2016: $70,2962016Revenue 2017: $37,038,501Expenses 2017: $20,379,286Net Income 2017: $16,659,2152017Revenue 2018: $945,227Expenses 2018: $1,615,911Net Income 2018: -$670,6842018Revenue 2019: $1,178,295Expenses 2019: $1,297,900Net Income 2019: -$119,6052019Revenue 2020: $1,087,699Expenses 2020: $1,316,035Net Income 2020: -$228,3362020Revenue 2021: $1,060,355Expenses 2021: $1,418,629Net Income 2021: -$358,2742021Revenue 2022: $1,157,387Expenses 2022: $1,929,669Net Income 2022: -$772,2822022Revenue 2023: $1,345,394Expenses 2023: $1,224,233Net Income 2023: $121,1612023Revenue 2024: $1,327,715Expenses 2024: $1,894,679Net Income 2024: -$566,9642024

Highlighted filing

2024

Revenue$1,327,715
Expenses$1,894,679
Net Income-$566,964
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$14,331,668
Liabilities
$159,361
Net assets
$14,172,307
Revenue
$1,327,715
Expenses
$1,894,679
Net income
-$566,964
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$0.16$14.2$1.33$1.89$0.57
2023Summary only. Only limited summary data is available for this year.$15.0$0.28$14.7$1.35$1.22$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$0.34$14.6$1.16$1.93$0.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.11$15.4$1.06$1.42$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.12$15.7$1.09$1.32$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.32$16.0$1.18$1.30$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$0.45$16.1$0.95$1.62$0.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$0.26$16.8$37.0$20.4$16.7
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$17.1$0.11$0.07$0.00$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$15.2$0.01$0.04$0.00$0.04
2014Summary only. Only limited summary data is available for this year.$5.80$5.80$0.00$0.00$0.00$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$1,157,387
Mission and Program Overview

Mission

Kb25 housing development fund corporation was formed to own and operate a residential building for persons of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,058,166$14,693,015▼ $365,151
Cash and Non-Interest-Bearing Accounts$149,652$129,554▼ $20,098
Savings and Temporary Cash Investments$222,370$53,911▼ $168,459
Prepaid Expenses and Deferred Charges$43,618$42,941▼ $677
Accounts Receivable$13,084$34,117▲ $21,033
Total Assets$15,497,020$14,959,638▼ $537,382
Other Assets Total$10,130$6,100▼ $4,030
Liabilities
Accounts Payable and Accrued Expenses$92,005$321,958▲ $229,953
Deferred Revenue$17,422$22,525▲ $5,103
Total Liabilities$109,427$344,483▲ $235,056
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,387,593$14,615,155▼ $772,438
Total Net Assets Fund Balance$15,387,593$14,615,155▼ $772,438
Total Liabilities and Net Assets / Fund Balance$15,497,020$14,959,638▼ $537,382

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,499,169$2,504,401$17,003,570
Equipment$28,481$167,536$196,017
Other Land Buildings$128,364$24,875$153,239
Land$37,001-$37,001
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Adam WeinsteinPresident/CEO
Matthew KellyVice President
Michael WadmanVice President
James Robert Pigott JrVice President and Secreta
Brian BrickerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,156,547
Investment Income
$483
Other Revenue
$357
Change in Net Assets
$-772,282

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,157,387
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,157,387
Total Revenue per Form 990
$1,157,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,181,555
Grants and Similar Amounts Paid$650,000
Salaries, Compensation, and Employee Benefits$98,114
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$650,000--$650,000
Depreciation Depletion$448,947--$448,947
Fees for Services Legal-$137,976-$137,976
Occupancy$89,068--$89,068
Fees for Services Management-$87,095-$87,095
Other Salaries and Wages$80,819--$80,819
Office Expenses-$65,708-$65,708
Insurance$30,844--$30,844
Other Expenses$21,769--$21,769
Fees for Services Accounting-$13,666-$13,666
Payroll Taxes$10,669--$10,669
Advertising-$10,323-$10,323
Fees for Services Other-$9,494-$9,494
Other Employee Benefits$4,459--$4,459
Pension Plan Contributions$2,167--$2,167
Total Functional Expenses$1,605,407$324,262$0$1,929,669

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,929,669
Total Expenses per Audited Statements$1,929,669
Total Expenses per Form 990$1,929,669
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phipps HousesNew York, NY501(c)(4)The Development or Maintenance of Low-income or Affordable Housing on a Tax Exempt Basis.$650,000
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
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Kb25 housing development fund corporation (the reporting organization) has a contract with phipps houses services, inc. ("phsi") to provide property management services to the reporting organization, which includes billing and collecting rent, paying the entity's bills and maintaining the property. Phsi is wholly owned by phipps houses (tax-exempt under irc section 501(c)(4) ein: 11-1187480). None of the officers, directors, trustees, or key employees listed in part vii, section a, were compensated by phsi (i.e., the provider of management services) for services provided to the filing organization and related organizations during the calendar year ending with or within the organization's tax year.”

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

“Members of the organization's governing body review the form 990 for accuracy of content and discuss as necessary.”

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

“Officers and directors must complete and certify annually a list of conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“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.”

FORM 990, PART VII, SECTION A:

“The compensation of the president, vice presidents, secretary and treasurer reflects their contributions to not only kb25 housing development fund corporation but to all of its affiliated entities. On a consolidated basis, the phipps houses group has annual revenue of over $100 million and assets currently of almost $2 billion.”

Filing and Contact Details

Filer

Filer Name
Kb25 Housing Development Fund
EIN
47-0976556
Phone
2122439090
Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY 10010

Signing Officer

Name
Lukeman Ogunyinka
Title
Treasurer
Phone
2122439090
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Weinstein
Formed
2014
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky CPA
Phone
2122970400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Post retirement benefits adjustment -156.”

Financial Statement Notes

PART X, LINE 2:

“The corporation has not taken an unsubstantiated tax position that would require provision of a liability under accounting standards codification ("asc") no. 740, income taxes, and asu no. 2009-06, implementation guidance on accounting for uncertainty in income taxes and disclosure amendments for nonpublic entities. As of december 2022, the years still subject to audit are 2019 through 2022.”

Raw XML AppendixShowing 400 of 1,670 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/BOYAmt092005
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0321958
IRS990/AccountsReceivableGrp/BOYAmt013084
IRS990/AccountsReceivableGrp/EOYAmt034117
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR PERSONS OF LOW AND MODERATE INCOME.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt010323
IRS990/AdvertisingGrp/TotalAmt010323
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LUKEMAN OGUNYINKA
IRS990/BooksInCareOfDetail/PhoneNum02122439090
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0902 BROADWAY 13TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010010
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0149652
IRS990/CashNonInterestBearingGrp/EOYAmt0129554
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0650000
IRS990/CYInvestmentIncomeAmt0483
IRS990/CYOtherExpensesAmt01181555
IRS990/CYOtherRevenueAmt0357
IRS990/CYProgramServiceRevenueAmt01156547
IRS990/CYRevenuesLessExpensesAmt0-772282
IRS990/CYSalariesCompEmpBnftPaidAmt098114
IRS990/CYTotalExpensesAmt01929669
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01157387
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt017422
IRS990/DeferredRevenueGrp/EOYAmt022525
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0448947
IRS990/DepreciationDepletionGrp/TotalAmt0448947
IRS990/Desc0KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A 56 UNIT RESIDENTIAL BUILDING AT 325 E. 25TH STREET IN THE BOROUGH OF MANHATTAN FOR PERSONS OF LOW AND MODERATE INCOME.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0955407
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013666
IRS990/FeesForServicesAccountingGrp/TotalAmt013666
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0137976
IRS990/FeesForServicesLegalGrp/TotalAmt0137976
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt087095
IRS990/FeesForServicesManagementGrp/TotalAmt087095
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09494
IRS990/FeesForServicesOtherGrp/TotalAmt09494
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0162116
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt169454
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt274966
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt370890
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt457805
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM WEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES ROBERT PIGOTT JR
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN BRICKER
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL WADMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0806771
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1316782
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2340062
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3337028
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4310698
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT AND SECRETA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0650000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0650000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01157387
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt030844
IRS990/InsuranceGrp/TotalAmt030844
IRS990/InvestmentIncomeGrp/ExclusionAmt0483
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0483
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02696812
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015058166
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014693015
IRS990/LandBldgEquipCostOrOtherBssAmt017389827
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0357
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0357
IRS990/MissionDesc0KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR PERSONS OF LOW AND MODERATE INCOME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt015387593
IRS990/NetAssetsOrFundBalancesEOYAmt014615155
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt015387593
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014615155
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt089068
IRS990/OccupancyGrp/TotalAmt089068
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt065708
IRS990/OfficeExpensesGrp/TotalAmt065708
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010130
IRS990/OtherAssetsTotalGrp/EOYAmt06100
IRS990/OtherChangesInNetAssetsAmt0-156
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04459
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04459
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0266665
IRS990/OtherExpensesGrp/ProgramServicesAmt121769
IRS990/OtherExpensesGrp/TotalAmt0266665
IRS990/OtherExpensesGrp/TotalAmt121769
IRS990/OtherRevenueTotalAmt0357
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt080819
IRS990/OtherSalariesAndWagesGrp/TotalAmt080819
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010669
IRS990/PayrollTaxesGrp/TotalAmt010669
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02167
IRS990/PensionPlanContributionsGrp/TotalAmt02167
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043618
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042941
IRS990/PrincipalOfficerNm0ADAM WEINSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01146817
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19730
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01146817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19730
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANT TO PHIPPS HOUSES, AN AFFILIATE ORGANIZATION UNDER IRC 501(C)(4), TO BE USED ONLY FOR THE PURPOSE OF PROMOTING AFFORDABLE HOUSING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0650000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0650000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0335000
IRS990/PYInvestmentIncomeAmt016
IRS990/PYOtherExpensesAmt0957558
IRS990/PYOtherRevenueAmt022229
IRS990/PYProgramServiceRevenueAmt01038110
IRS990/PYRevenuesLessExpensesAmt0-358274
IRS990/PYSalariesCompEmpBnftPaidAmt0126071
IRS990/PYTotalExpensesAmt01418629
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01060355
IRS990/ReconcilationRevenueExpnssAmt0-772282
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01156904
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0222370
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053911
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014499169
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02504401
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017003570
IRS990ScheduleD/EquipmentGrp/BookValueAmt028481
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0167536
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196017
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01929669
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt037001
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037001
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0128364
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024875
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0153239
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01157387
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER ACCOUNTING STANDARDS CODIFICATION ("ASC") NO. 740, INCOME TAXES, AND ASU NO. 2009-06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES. AS OF DECEMBER 2022, THE YEARS STILL SUBJECT TO AUDIT ARE 2019 THROUGH 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014693015
IRS990ScheduleD/TotalExpensesPerForm990Amt01929669
IRS990ScheduleD/TotalRevenuePerForm990Amt01157387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01157387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01929669
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0650000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(4)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PHIPPS HOUSES
IRS990ScheduleI/RecipientTable/RecipientEIN0111187480
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0902 BROADWAY 13TH FL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DETAILED SCHEDULES OF EXPENDITURES ARE PREPARED QUARTERLY AND REVIEWED BY MANAGEMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0145000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt156000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt256000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt356000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt455000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0642271
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1264562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2271028
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3241282
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4255698
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0143252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt156202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt256202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt356202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt456202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018864
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt118764
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt214688
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt313252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt41603
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt019500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt119500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt210000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt319500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ADAM WEINSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRIAN BRICKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MATTHEW KELLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JAMES ROBERT PIGOTT JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MICHAEL WADMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VICE PRESIDENT AND SECRETA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0968887
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1415028
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2407918
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3386236
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4368503
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ADAM WEINSTEIN, PRESIDENT, IS A PARTICIPANT IN A SECTION 457(F) PLAN THAT REQUIRES HIM TO PERFORM SERVICES FOR A PERIOD OF TIME. HE HAS RECEIVED ANNUAL AWARDS BEGINNING IN 2017 AND (CONSISTENT WITH IRS FORM 990, SCHEDULE J INSTRUCTIONS) THESE AMOUNTS ARE TREATED AS ACCRUED OR EARNED RATABLY OVER THE COURSE OF THE SERVICE PERIOD. $87,050 IS REPORTED AS EARNED DURING THE REPORTING PERIOD WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C).
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1PHIPPS HOUSES, AN AFFILIATE OF THE REPORTING ORGANIZATION PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. PHIPPS HOUSES HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KB25 HOUSING DEVELOPMENT FUND CORPORATION (THE REPORTING ORGANIZATION) HAS A CONTRACT WITH PHIPPS HOUSES SERVICES, INC. ("PHSI") TO PROVIDE PROPERTY MANAGEMENT SERVICES TO THE REPORTING ORGANIZATION, WHICH INCLUDES BILLING AND COLLECTING RENT, PAYING THE ENTITY'S BILLS AND MAINTAINING THE PROPERTY. PHSI IS WHOLLY OWNED BY PHIPPS HOUSES (TAX-EXEMPT UNDER IRC SECTION 501(C)(4) EIN: 11-1187480). NONE OF THE OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES LISTED IN PART VII, SECTION A, WERE COMPENSATED BY PHSI (I.E., THE PROVIDER OF MANAGEMENT SERVICES) FOR SERVICES PROVIDED TO THE FILING ORGANIZATION AND RELATED ORGANIZATIONS DURING THE CALENDAR YEAR ENDING WITH OR WITHIN THE ORGANIZATION'S TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION'S GOVERNING BODY REVIEW THE FORM 990 FOR ACCURACY OF CONTENT AND DISCUSS AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS MUST COMPLETE AND CERTIFY ANNUALLY A LIST OF CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POST RETIREMENT BENEFITS ADJUSTMENT -156.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION OF THE PRESIDENT, VICE PRESIDENTS, SECRETARY AND TREASURER REFLECTS THEIR CONTRIBUTIONS TO NOT ONLY KB25 HOUSING DEVELOPMENT FUND CORPORATION BUT TO ALL OF ITS AFFILIATED ENTITIES. ON A CONSOLIDATED BASIS, THE PHIPPS HOUSES GROUP HAS ANNUAL REVENUE OF OVER $100 MILLION AND ASSETS CURRENTLY OF ALMOST $2 BILLION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, SECTION A:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • $10M-$25M nonprofits