Civic Intelligence

Bronxview Housing Development Fund Corporation

990 • Fiscal year 2019 • EIN 47-2139021

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 15, 2020

Organization ProfileN/A
2751 Grand ConcourseBronx, NY 10468

(718) 367-3200

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$6,047,943

Up $172,827 (+2.9%) from 2018

Net Assets

Up

$6,047,943

Up $172,827 (+2.9%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin99th percentile

Revenue

Down

$174,918

Down $5,705,878 (-97%) from 2018

Expenses

Down

$2,091

Down $3,589 (-63%) from 2018

Net Income

Down

$172,827

Down $5,702,289 (-97%) from 2018

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $5,875,116Liabilities 2018: $0Net Assets 2018: $5,875,1162018Assets 2019: $6,047,943Liabilities 2019: $0Net Assets 2019: $6,047,9432019Assets 2020: $6,222,860Liabilities 2020: $0Net Assets 2020: $6,222,8602020Assets 2021: $6,399,776Liabilities 2021: $0Net Assets 2021: $6,399,7762021Assets 2022: $6,574,694Liabilities 2022: $0Net Assets 2022: $6,574,6942022Assets 2023: $6,749,612Liabilities 2023: $0Net Assets 2023: $6,749,6122023Assets 2024: $6,924,530Liabilities 2024: $0Net Assets 2024: $6,924,5302024

Highlighted filing

2019

Assets$6,047,943
Liabilities$0
Net Assets$6,047,943
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2018: $5,880,796Expenses 2018: $5,680Net Income 2018: $5,875,1162018Revenue 2019: $174,918Expenses 2019: $2,091Net Income 2019: $172,8272019Revenue 2020: $174,917Expenses 2020: $0Net Income 2020: $174,9172020Revenue 2021: $176,916Expenses 2021: $0Net Income 2021: $176,9162021Revenue 2022: $174,918Expenses 2022: $0Net Income 2022: $174,9182022Revenue 2023: $174,918Expenses 2023: $0Net Income 2023: $174,9182023Revenue 2024: $174,918Expenses 2024: $0Net Income 2024: $174,9182024

Highlighted filing

2019

Revenue$174,918
Expenses$2,091
Net Income$172,827
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 15, 2020
Return Version
2019v5.1
Gross Receipts
$174,918
Mission and Program Overview

Mission

The organization provides financing for affordable housing for the low-income families in the bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,735,000$5,735,000→ $0
Cash and Non-Interest-Bearing Accounts$52,657$50,566▼ $2,091
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
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 in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$5,875,116$6,047,943▲ $172,827
Other Assets Total$87,459$262,377▲ $174,918
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,875,116$6,047,943▲ $172,827
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$5,875,116$6,047,943▲ $172,827
Total Liabilities and Net Assets / Fund Balance$5,875,116$6,047,943▲ $172,827

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,735,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
John a GarciaPresident
Jose NoratVice President
Erika MartinezDirector
John M ReillyTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$174,918
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$172,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,091
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
Office Expenses$2,091$0$0$2,091
Total Functional Expenses$2,091$0$0$2,091
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
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, Line 8-explanation of No Contemporaneously Documention

“On an annual basis the organization documents meetings and significant transactions in the board of director minutes.”

Form 990, Part VI, Line 11B - Form 990 Review Process

“The board of directors must approve the annual federal tax form 990 and the related state tax filings after it has received these documents from the outside independent auditors and accountants in an annual board meeting.”

Form 990, Part VI, Line 12C - Explanation of Monitoring and Enforcement of

“On an annual basis, the board of directors reviews actual or potential conflicts of interests with board members and officers. The policy is distributed to all board members.”

Form 990, Part VI, Line 19 - Other Organization Documents Publicly Availab

“The organization makes available all governance documents, policy statements, financial statements and tax returns made to the public, upon written request.”

Filing and Contact Details

Filer

Filer Name
Bronxview Housing Development
EIN
47-2139021
In Care Of
% HENG LY
Phone
7183673200
Address
2751 GRAND CONCOURSE, Bronx, NY 10468

Signing Officer

Name
John M Reilly
Title
Treasurer/secetary
Phone
7183673200
Signed
2020-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John M Reilly
Formed
2014
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
2
Employees
0

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
James Huang CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

Exempt Organization Status

“Initial short period tax return the organization was formed on november 24, 2014, as a domestic not-for-profit non-stock new york state housing development company. There are no shareholders. On december 7, 2018, the irs exempt organizations director issued its letter granting the organization exempt status, effective november 29, 2016. Accordingly, effective november 29, 2016, the organization is exempt from federal income tax under 501(c)(3) and is filing its initial federal form 990. The organization has filed its federal form 1120 tax return as a for-profit c corporation through the year ending december 31,2017. The organization did not cease doing business nor has it ceased its existence. The organization will continue doing business as a tax-exempt organization.”

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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION PAID TO OFFICER FROM RELATED ORGANIZATION IS BASED ON THE RECOMMENDATIONS OF AN INDEPENDENT COMMITTEE THAT CONSIDERS PERFORMANCE, SCOPE OF RESPONSIBILITIES, AND SALARY COMPENSATION FOR SIMILAR POSITIONS. FINAL APPROVAL FOR EXECUTIVE DIRECTOR'S COMPENSATION MUST BE APPROVED BY THE EXECUTIVE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INITIAL SHORT PERIOD TAX RETURN THE ORGANIZATION WAS FORMED ON NOVEMBER 24, 2014, AS A DOMESTIC NOT-FOR-PROFIT NON-STOCK NEW YORK STATE HOUSING DEVELOPMENT COMPANY. THERE ARE NO SHAREHOLDERS. ON DECEMBER 7, 2018, THE IRS EXEMPT ORGANIZATIONS DIRECTOR ISSUED ITS LETTER GRANTING THE ORGANIZATION EXEMPT STATUS, EFFECTIVE NOVEMBER 29, 2016. ACCORDINGLY, EFFECTIVE NOVEMBER 29, 2016, THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER 501(C)(3) AND IS FILING ITS INITIAL FEDERAL FORM 990. THE ORGANIZATION HAS FILED ITS FEDERAL FORM 1120 TAX RETURN AS A FOR-PROFIT C CORPORATION THROUGH THE YEAR ENDING DECEMBER 31,2017. THE ORGANIZATION DID NOT CEASE DOING BUSINESS NOR HAS IT CEASED ITS EXISTENCE. THE ORGANIZATION WILL CONTINUE DOING BUSINESS AS A TAX-EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS THE ORGANIZATION DOCUMENTS MEETINGS AND SIGNIFICANT TRANSACTIONS IN THE BOARD OF DIRECTOR MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MUST APPROVE THE ANNUAL FEDERAL TAX FORM 990 AND THE RELATED STATE TAX FILINGS AFTER IT HAS RECEIVED THESE DOCUMENTS FROM THE OUTSIDE INDEPENDENT AUDITORS AND ACCOUNTANTS IN AN ANNUAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS ACTUAL OR POTENTIAL CONFLICTS OF INTERESTS WITH BOARD MEMBERS AND OFFICERS. THE POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES AVAILABLE ALL GOVERNANCE DOCUMENTS, POLICY STATEMENTS, FINANCIAL STATEMENTS AND TAX RETURNS MADE TO THE PUBLIC, UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXEMPT ORGANIZATION STATUS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 8-EXPLANATION OF NO CONTEMPORANEOUSLY DOCUMENTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILAB
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C CORP
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt12C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt13C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt14C CORP
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt16C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt17C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt18C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt19C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt20C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt21C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt22C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY

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
$6,047,943
Liabilities
$0
Net assets
$6,047,943
Revenue
$174,918
Expenses
$2,091
Net income
$172,827
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.92$0.00$6.92$0.17$0.00$0.17
2023Detailed filing. Detailed filing data is available for this year.$6.75$0.00$6.75$0.17$0.00$0.17
2022Detailed filing. Detailed filing data is available for this year.$6.57$0.00$6.57$0.17$0.00$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.40$0.00$6.40$0.18$0.00$0.18
2020Detailed filing. Detailed filing data is available for this year.$6.22$0.00$6.22$0.17$0.00$0.17
2019Detailed filing. Detailed filing data is available for this year.$6.05$0.00$6.05$0.17$0.00$0.17
2018Detailed filing. Detailed filing data is available for this year.$5.88$0.00$5.88$5.88$0.01$5.88