Civic Intelligence

Turken Foundation Inc.

990 • Fiscal year 2022 • EIN 47-1421022

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 03, 2023

Organization ProfileN/A
4 West 43rd StreetNew York, NY 10036

(646) 585-4510

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.35x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • NTEE B • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

1731.80x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • NTEE B • $50M-$100M nonprofits • Source year 2022

Net Margin

1st percentile

-4152%

Higher net margin than 1% of similar nonprofits.

2022 filings • NTEE B • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B • $50M-$100M nonprofits • Source year 2022

Asset Growth

88th percentile

19%

Faster asset growth than 88% of similar nonprofits.

2022 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2020 to 2022

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$94,636,659

Up $27,453,268 (+41%) from 2020

Net Assets

Up

$61,760,165

Up $2,059,561 (+3.4%) from 2020

Liabilities

Up

$32,876,494

Up $25,393,707 (+339%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$18,984

Down $9,329,857 (-100%) from 2020

Expenses

Up

$807,223

Up $38,367 (+5.0%) from 2020

Net Income

Down

-$788,239

Down $9,368,224 (-109%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$150M$100M$50M$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $23,256,320Liabilities 2015: $83,007Net Assets 2015: $23,173,3132015Assets 2016: $22,278,849Liabilities 2016: $91,464Net Assets 2016: $22,187,3852016Assets 2017: $43,680,873Liabilities 2017: $15,431,848Net Assets 2017: $28,249,0252017Assets 2018: $45,318,939Liabilities 2018: $16,115,286Net Assets 2018: $29,203,6532018Assets 2019: $51,235,136Liabilities 2019: $114,517Net Assets 2019: $51,120,6192019Assets 2020: $67,183,391Liabilities 2020: $7,482,787Net Assets 2020: $59,700,6042020Assets 2022: $94,636,659Liabilities 2022: $32,876,494Net Assets 2022: $61,760,1652022Assets 2023: $99,212,722Liabilities 2023: $38,750,210Net Assets 2023: $60,462,5122023Assets 2024: $117,880,230Liabilities 2024: $40,948,922Net Assets 2024: $76,931,3082024

Highlighted filing

2022

Assets$94,636,659
Liabilities$32,876,494
Net Assets$61,760,165
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

$30M$20M$10M$0-$10MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $24,460,759Expenses 2015: $1,287,446Net Income 2015: $23,173,3132015Revenue 2016: $1,378,620Expenses 2016: $2,364,548Net Income 2016: -$985,9282016Revenue 2017: $7,958,227Expenses 2017: $1,898,967Net Income 2017: $6,059,2602017Revenue 2018: $2,287,064Expenses 2018: $1,332,436Net Income 2018: $954,6282018Revenue 2019: $22,853,649Expenses 2019: $936,683Net Income 2019: $21,916,9662019Revenue 2020: $9,348,841Expenses 2020: $768,856Net Income 2020: $8,579,9852020Revenue 2022: $18,984Expenses 2022: $807,223Net Income 2022: -$788,2392022Revenue 2023: $2,497,019Expenses 2023: $2,800,822Net Income 2023: -$303,8032023Revenue 2024: $19,767,826Expenses 2024: $3,195,433Net Income 2024: $16,572,3932024

Highlighted filing

2022

Revenue$18,984
Expenses$807,223
Net Income-$788,239
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 3, 2023
Return Version
2021v4.1
Gross Receipts
$18,984
Mission and Program Overview

Mission

Provide student housing, educational grants and scholarships and promote cultural awareness through education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$78,819,604$93,339,865▲ $14,520,261
Cash and Non-Interest-Bearing Accounts$2,003,358$621,127▼ $1,382,231
Prepaid Expenses and Deferred Charges$31,556$34,063▲ $2,507
Intangible Assets$0--
Total Assets$81,500,718$94,636,659▲ $13,135,941
Other Assets Total$646,200$641,604▼ $4,596
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,319,261$27,274,481▲ $13,955,220
Accounts Payable and Accrued Expenses$5,422,306$5,391,266▼ $31,040
Unsecured Notes Loans Payable$175,866$175,866→ $0
Other Liabilities$34,881$34,881→ $0
Total Liabilities$18,952,314$32,876,494▲ $13,924,180
Net Assets / Fund Balance
Net Assets With Donor Restrictions$41,995,452$42,004,436▲ $8,984
Net Assets Without Donor Restrictions$20,552,952$19,755,729▼ $797,223
Total Net Assets Fund Balance$62,548,404$61,760,165▼ $788,239
Total Liabilities and Net Assets / Fund Balance$81,500,718$94,636,659▲ $13,135,941

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$58,266,478-$58,266,478
Buildings$3,596,112-$3,596,112
Equipment$42,723-$42,723
Land$31,778,798--
Compensation and Service Providers
Top Officer Pay17th percentile

Board Members and Trustees

NameTitle
Behram TuranChairman
Ahmet BayraktutarDirector
Esra AlbayrakDirector
Fehmi BilgeDirector
Haluk GaniDirector
Ibrahim BacaciDirector
Melike KabatasDirector
Mustafa IlbeyliDirector
Omer Faruk AlbayrakDirector
Selim CakirDirector
Zulkarneyn VardarDirector
Memis YetimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,984
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$-788,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,984
Total Revenue per Audited Statements
$18,984
Total Revenue per Form 990
$18,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$807,223
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 Legal$197,180$43,870$0$241,050
Fees for Services Other$134,798$103,179$0$237,977
Occupancy$155,898$35,693$0$191,591
Depreciation Depletion$0$100,748$0$100,748
Fees for Services Accounting$0$30,525$0$30,525
Travel$2,804$0$0$2,804
Office Expenses$0$2,528$0$2,528
Total Functional Expenses$490,680$316,543$0$807,223

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$807,223
Total Expenses per Audited Statements$807,223
Total Expenses per Form 990$807,223
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Total Events---$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
Security Deposits Payable$34,881
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Filing and Contact Details

Filer

Filer Name
Turken Foundation Inc
EIN
47-1421022
Phone
6465854510
Address
4 WEST 43RD STREET, NEW YORK, NY 10036

Signing Officer

Name
Behram Turan
Title
Chairman
Phone
6465854510
Signed
2023-03-03

Organization Details

Principal Officer
Behram Turan
Formed
2014
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
44

Preparer

Firm
M Hassanali CPA PLLC
Address
400 Post Ave Suite 211, Westbury, NY 11590
Preparer
Mustali Hassanali
Phone
2126455955
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“The board maintians board minutes for each meeting and keep a copy in office. Actions are taken on decisions made in meetings and updates are provided in next meetings”

Pt VI, Line 11B

“Form 990 and related financials was presented to the board for review prior to filing”

Pt VI, Line 12C

“The board on annual basis discloses any conflict of interest that they may have that can impact the Organization”

Form 990, Part IX, Line 11G

“Grants & Scholarships 24049. 24049. 0. 0.”

Form 990, Part IX, Line 11G

“Real Estate Taxes 59375. 0. 59375. 0.”

Form 990, Part IX, Line 11G

“Penalties & Fines 125. 0. 125. 0.”

Form 990, Part IX, Line 11G

“Insurance 34521. 0. 34521. 0.”

Form 990, Part IX, Line 11G

“Bank Service Charges 3415. 0. 3415. 0.”

Form 990, Part IX, Line 11G

“Meals & Entertainment 725. 725. 0. 0.”

Form 990, Part IX, Line 11G

“Telephone & Internet Expenses 4203. 0. 4203. 0.”

Form 990, Part IX, Line 11G

“Utilities 1259. 0. 1259. 0.”

Form 990, Part IX, Line 11G

“Auto Expenses 281. 0. 281. 0.”

Form 990, Part IX, Line 11G

“Management Fees 109102. 109102. 0. 0.”

Form 990, Part IX, Line 11G

“Dues & Subscription 922. 922. 0. 0.”

Raw XML AppendixShowing 400 of 451 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/BOYAmt05422306
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05391266
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE STUDENT HOUSING, EDUCATIONAL GRANTS AND SCHOLARSHIPS AND PROMOTE CULTURAL AWARENESS THROUGH EDUCATION.
IRS990/AllOtherContributionsAmt010000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0Memis Yetim
IRS990/BooksInCareOfDetail/PhoneNum06465854510
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01441 BROADWAY FLOOR3017
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010018
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02003358
IRS990/CashNonInterestBearingGrp/EOYAmt0621127
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt018984
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0807223
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-788239
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0807223
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018984
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0100748
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt0100748
IRS990/Desc0TO PROVIDE EDUCATIONAL OPPURTUNITIES INCLUDING STUDENTS SCHOLORSHIPS & GRANT AWARDS BASED ON FINANCIAL NEEDS AND OR MERITS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt041995452
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt042004436
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030525
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt030525
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt043870
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0197180
IRS990/FeesForServicesLegalGrp/TotalAmt0241050
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0103179
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0134798
IRS990/FeesForServicesOtherGrp/TotalAmt0237977
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
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/AverageHoursPerWeekRt80.00
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd1X
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/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0BEHRAM TURAN
IRS990/Form990PartVIISectionAGrp/PersonNm1HALUK GANI
IRS990/Form990PartVIISectionAGrp/PersonNm2MEMIS YETIM
IRS990/Form990PartVIISectionAGrp/PersonNm3ESRA ALBAYRAK
IRS990/Form990PartVIISectionAGrp/PersonNm4OMER FARUK ALBAYRAK
IRS990/Form990PartVIISectionAGrp/PersonNm5IBRAHIM BACACI
IRS990/Form990PartVIISectionAGrp/PersonNm6AHMET BAYRAKTUTAR
IRS990/Form990PartVIISectionAGrp/PersonNm7SELIM CAKIR
IRS990/Form990PartVIISectionAGrp/PersonNm8MUSTAFA ILBEYLI
IRS990/Form990PartVIISectionAGrp/PersonNm9ZULKARNEYN VARDAR
IRS990/Form990PartVIISectionAGrp/PersonNm10MELIKE KABATAS
IRS990/Form990PartVIISectionAGrp/PersonNm11FEHMI BILGE
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt018984
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0344246
IRS990/LandBldgEquipBasisNetGrp/BOYAmt078819604
IRS990/LandBldgEquipBasisNetGrp/EOYAmt093339865
IRS990/LandBldgEquipCostOrOtherBssAmt093684111
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE STUDENT HOUSING, EDUCATIONAL GRANTS AND SCHOLARSHIPS AND PROMOTE CULTURAL AWARENESS THROUGH EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013319261
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt027274481
IRS990/NetAssetsOrFundBalancesBOYAmt062548404
IRS990/NetAssetsOrFundBalancesEOYAmt061760165
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt020552952
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019755729
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt035693
IRS990/OccupancyGrp/ProgramServicesAmt0155898
IRS990/OccupancyGrp/TotalAmt0191591
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02528
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt02528
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0646200
IRS990/OtherAssetsTotalGrp/EOYAmt0641604
IRS990/OtherLiabilitiesGrp/BOYAmt034881
IRS990/OtherLiabilitiesGrp/EOYAmt034881
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031556
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034063
IRS990/PrincipalOfficerNm0BEHRAM TURAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE STUDENT HOUSING INCLUDING GRANTS & SUBSIDIES TO MEET THE GAP IN CULTURALLY & RELIGIOUSLY APPROPRIATE HOUSING IN THE NEW YORK CITY & BEYOND FOR MUSLIM STUDENTS. THE HOUSING TO INCLUDE PROTECTING THE PRIVACY OF FEMALE STUDENTS, PROVIDE GENDER SEPARATION IN LIVING ACCOMODATIONS, PROVIDE HALAL FOOD SERVICE, ENFORCE RESTRICTIONS AGAINST THE USE OF DRUGS, ALCOHOL AND TO PROVIDE PRAYER ROOMS AND RELIGIOUS SUPPORT FOR HOLY DAYS.THE FOUNDATION HAS ALSO PROVIDED SUBSIDIZED HOUSING TO VARIOUS STUDENTS DURING THE CURRENT YEAR
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0177553
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0CULTURAL AND SOCIAL AWARENESS PROGRAMS AND EXPERIENCES FOR STUDENTS TO LEARN MORE ABOUT MUSLIM CULTURES AND TO PROMOTE CROSS-CULTURAL RELATIONSHIPS BETWEEN MUSLIM CULTURES AND TRADITIONS WITH AMERICAN CULTURES AND TRADITIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0313127
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03504970
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0657170
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02847800
IRS990/PYTotalExpensesAmt0657170
IRS990/PYTotalRevenueAmt03504970
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-788239
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt08984
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt018984
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03504970
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09328385
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022845437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01577868
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt037275644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt019756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07154
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0347539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0374449
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0361657
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0361657
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt038011750
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt018984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03504970
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt09348141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022852591
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02287064
IRS990ScheduleA/Total509Grp/TotalAmt038011750
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt038011750
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03596112
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03596112
IRS990ScheduleD/EquipmentGrp/BookValueAmt042723
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042723
IRS990ScheduleD/ExpensesSubtotalAmt0807223
IRS990ScheduleD/LandGrp/BookValueAmt031778798
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt031778798
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt058266478
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt058266478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034881
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt018984
IRS990ScheduleD/TotalBookValueLandBuildingsAmt093684111
IRS990ScheduleD/TotalExpensesPerForm990Amt0807223
IRS990ScheduleD/TotalLiabilityAmt034881
IRS990ScheduleD/TotalRevenuePerForm990Amt018984
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018984
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0807223
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board maintians board minutes for each meeting and keep a copy in office. Actions are taken on decisions made in meetings and updates are provided in next meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 and related financials was presented to the board for review prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board on annual basis discloses any conflict of interest that they may have that can impact the Organization
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Grants & Scholarships 24049. 24049. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Real Estate Taxes 59375. 0. 59375. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Penalties & Fines 125. 0. 125. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance 34521. 0. 34521. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank Service Charges 3415. 0. 3415. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Meals & Entertainment 725. 725. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Telephone & Internet Expenses 4203. 0. 4203. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Utilities 1259. 0. 1259. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Auto Expenses 281. 0. 281. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Management Fees 109102. 109102. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Dues & Subscription 922. 922. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt081500718
IRS990/TotalAssetsEOYAmt094636659
IRS990/TotalAssetsGrp/BOYAmt081500718
IRS990/TotalAssetsGrp/EOYAmt094636659
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018984
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0316543
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0490680
IRS990/TotalFunctionalExpensesGrp/TotalAmt0807223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018952314
IRS990/TotalLiabilitiesEOYAmt032876494
IRS990/TotalLiabilitiesGrp/BOYAmt018952314
IRS990/TotalLiabilitiesGrp/EOYAmt032876494
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt062548404
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061760165
IRS990/TotalProgramServiceExpensesAmt0490680
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018984
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt044
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt081500718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt094636659

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$94,636,659
Liabilities
$32,876,494
Net assets
$61,760,165
Revenue
$18,984
Expenses
$807,223
Net income
-$788,239
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$118$40.9$76.9$19.8$3.20$16.6
2023Detailed filing. Detailed filing data is available for this year.$99.2$38.8$60.5$2.50$2.80$0.30
2022Detailed filing. Detailed filing data is available for this year.$94.6$32.9$61.8$0.02$0.81$0.79
2020Detailed filing. Detailed filing data is available for this year.$67.2$7.48$59.7$9.35$0.77$8.58
2019Detailed filing. Detailed filing data is available for this year.$51.2$0.11$51.1$22.9$0.94$21.9
2018Detailed filing. Detailed filing data is available for this year.$45.3$16.1$29.2$2.29$1.33$0.95
2017Summary only. Only limited summary data is available for this year.$43.7$15.4$28.2$7.96$1.90$6.06
2016Detailed filing. Detailed filing data is available for this year.$22.3$0.09$22.2$1.38$2.36$0.99
2015Detailed filing. Detailed filing data is available for this year.$23.3$0.08$23.2$24.5$1.29$23.2
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00