Civic Intelligence

Chelsea Leaf South Housing Development

EIN 47-2812918 • 501(c)4 • New York, NY

Profile

The mission of chelsea leaf south housing development fund corporation is to provide safe, affordable housing and vital support services to men and women living with aids who were formerly homeless or marginally housed.

130 East 25th StreetNew York, NY 10010

www.citileafhousing.nyc

Siviq Scores

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

Liabilities / Assets

97th percentile

1.14x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

5.18x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2022

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

1623%

Faster asset growth than 99% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

41%

Faster revenue growth than 79% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,746,438

Down $319,028 (-5.3%) from 2022

Liabilities

Down

$6,585,294

Down $308,389 (-4.5%) from 2022

Net Assets

Down

-$838,856

Down $10,639 (-1.3%) from 2022

Revenue

Up

$1,427,267

Up $95,172 (+7.1%) from 2022

Expenses

Down

$1,437,906

Down $152,789 (-9.6%) from 2022

Net Income

Up

-$10,639

Up $247,961 (+96%) from 2022

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $544,132Liabilities 2020: $646,917Net Assets 2020: -$102,7852020Assets 2021: $352,086Liabilities 2021: $921,703Net Assets 2021: -$569,6172021Assets 2022: $6,065,466Liabilities 2022: $6,893,683Net Assets 2022: -$828,2172022Assets 2023: $5,746,438Liabilities 2023: $6,585,294Net Assets 2023: -$838,8562023

Highlighted filing

2023

Assets$5,746,438
Liabilities$6,585,294
Net Assets-$838,856

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2020: $332,443Expenses 2020: $435,228Net Income 2020: -$102,7852020Revenue 2021: $945,267Expenses 2021: $1,412,099Net Income 2021: -$466,8322021Revenue 2022: $1,332,095Expenses 2022: $1,590,695Net Income 2022: -$258,6002022Revenue 2023: $1,427,267Expenses 2023: $1,437,906Net Income 2023: -$10,6392023

Highlighted filing

2023

Revenue$1,427,267
Expenses$1,437,906
Net Income-$10,639

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,427,267
Mission and Program Overview

Mission

The mission of chelsea leaf south housing development fund corporation is to provide safe, affordable housing and vital support services to men and women living with aids who were formerly homeless or marginally housed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$78,967$92,224▲ $13,257
Land, Buildings, and Equipment, Net$59,148$73,855▲ $14,707
Accounts Receivable$23,625$39,322▲ $15,697
Prepaid Expenses and Deferred Charges$6,014$14,206▲ $8,192
Savings and Temporary Cash Investments$10,105$1,829▼ $8,276
Cash and Non-Interest-Bearing Accounts$500$500→ $0
Total Assets$6,065,466$5,746,438▼ $319,028
Other Assets Total$5,887,107$5,524,502▼ $362,605
Liabilities
Other Liabilities$6,038,637$5,664,342▼ $374,295
Accounts Payable and Accrued Expenses$698,141$779,738▲ $81,597
Deferred Revenue$156,905$141,214▼ $15,691
Total Liabilities$6,893,683$6,585,294▼ $308,389
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-828,217$-838,856▼ $10,639
Total Net Assets Fund Balance$-828,217$-838,856▼ $10,639
Total Liabilities and Net Assets / Fund Balance$6,065,466$5,746,438▼ $319,028

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,040$62,048$113,088
Other Land Buildings$22,815-$22,815
Other Assets Org$43,942--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Eduviges CorderoController$146,107$146,107

Board Members and Trustees

NameTitle
Terence KannengieserPresident
Clayton McphailBoard Member
Donna MillsBoard Member
Jen CinclairBoard Member
Jonathan GoldbergBoard Member
Michael McclayBoard Member
Annie SorianoExecutive Director
Jason DullTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dahlcore LLCSecurity ServicesPO BOX 120020, Staten Island, NY 10312$181,495
Revenue and Support

Revenue Composition

Contributions and Grants
$842,013
Program Service Revenue
$461,224
Investment Income
$16
Other Revenue
$124,014
Change in Net Assets
$-10,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,124,568
Salaries, Compensation, and Employee Benefits$313,338
Total Fundraising Expense$4,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$529,632$10,224-$539,856
Other Salaries and Wages$188,450$60,304$2,513$251,267
Fees for Services Other$150,658$37,002-$187,660
Insurance$35,947$2,706-$38,653
Other Employee Benefits$27,887$9,046$754$37,687
Fees for Services Accounting-$29,225-$29,225
Office Expenses$19,655$5,720$572$25,947
Payroll Taxes$17,116$5,551$462$23,129
Depreciation Depletion$13,878$6,835-$20,713
Pension Plan Contributions$929$301$25$1,255
Other Expenses$624$56,874-$624
All Other Expenses$381--$381
Fees for Services Legal-$250-$250
Conferences and Meetings$42$9-$51
Total Functional Expenses$1,188,795$244,785$4,326$1,437,906
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use - Operating Lease Liability$5,664,342
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

The organization has its form 990 prepared by an outside accounting firm. The treasurer reviews the form 990. A copy of the form 990 is then sent to the full board for review. No review will be conducted before filing with the internal revenue service.

Form 990, Part VI, Section C, Line 19

The organization makes its form 1023 and form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Chelsea Leaf South Housing Development
EIN
47-2812918
Phone
2129955000
Address
130 EAST 25TH STREET, NEW YORK, NY 10010

Signing Officer

Name
Annie Soriano
Title
Executive Director
Phone
2129955000
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annie Soriano
Formed
2015
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
20 COMMERCE DRIVE SUITE 301, CRANFORD, NJ 07016-3618
Preparer
Garrett M Higgins
Phone
9082726200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Security services: program service expenses 148,010. Management and general expenses 37,002. Fundraising expenses 0. Total expenses 185,012. Payroll service fees: program service expenses 2,648. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,648.

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IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361191
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1100033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1100033
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0851125
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt01242281
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0480955
IRS990/PYRevenuesLessExpensesAmt0-258600
IRS990/PYSalariesCompEmpBnftPaidAmt0348414
IRS990/PYTotalExpensesAmt01590695
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01332095
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-10639
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0461224
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010105
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01829
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt051040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062048
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113088
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05480560
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt143942
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET - OPERATING LEASE, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022815
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05664342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE - OPERATING LEASE LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073855
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05524502
IRS990ScheduleD/TotalLiabilityAmt05664342
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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/CompensationBasedOnRltdOrgsAmt0173808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030659
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANNIE SORIANO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0207701
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CITILEAF HOUSING DEVELOPMENT FUND CORPORATION'S BOARD OF DIRECTORS MEET ANNUALLY TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE TREASURER REVIEWS THE FORM 990. A COPY OF THE FORM 990 IS THEN SENT TO THE FULL BOARD FOR REVIEW. NO REVIEW WILL BE CONDUCTED BEFORE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IN ADDITION, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECURITY SERVICES: PROGRAM SERVICE EXPENSES 148,010. MANAGEMENT AND GENERAL EXPENSES 37,002. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 185,012. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 2,648. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,648.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITILEAF HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CHELSEA LEAF NORTH HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133744465
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1611712514
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUBSIDIZED HOUSING FOR LOW INCOME INDIVIDUALS LIVING WITH AIDS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUBSIDIZED HOUSING FOR LOW INCOME INDIVIDUALS LIVING WITH AIDS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0130 EAST 25TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1130 EAST 25TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd110010
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01

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