Civic Intelligence

Us Mcleod Hdfc

EIN 47-2901744 • 501(c)3 • Brooklyn, NY

Profile

The Corporation is a charitable not-for-profit corporation organized exclusively for thepurpose of developing and operating a housing project for Persons Of Low Income.

294 Sumpter StreetBrooklyn, NY 11233
Siviq Scores

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

Liabilities / Assets

91st percentile

1.47x

Higher debt load relative to assets than 91% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

7.52x

Higher debt load relative to revenue than 78% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

12th percentile

-40%

Higher net margin than 12% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

25th percentile

-3.0%

Faster asset growth than 25% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

0.7%

Faster revenue growth than 34% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,564,553

Down $237,634 (-3.0%) from 2023

Liabilities

Up

$11,147,987

Up $358,277 (+3.3%) from 2023

Net Assets

Down

-$3,583,434

Down $595,911 (-20%) from 2023

Revenue

Up

$1,481,609

Up $10,014 (+0.7%) from 2023

Expenses

Down

$2,077,520

Down $54,385 (-2.6%) from 2023

Net Income

Up

-$595,911

Up $64,399 (+9.8%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2015: $7,993,406Liabilities 2015: $8,076,230Net Assets 2015: -$82,8242015Assets 2016: $7,803,698Liabilities 2016: $7,945,902Net Assets 2016: -$142,2042016Assets 2017: $7,601,972Liabilities 2017: $7,733,070Net Assets 2017: -$131,0982017Assets 2020: $8,798,137Liabilities 2020: $10,056,500Net Assets 2020: -$1,258,3632020Assets 2021: $8,451,048Liabilities 2021: $10,248,156Net Assets 2021: -$1,797,1082021Assets 2022: $8,154,687Liabilities 2022: $10,481,900Net Assets 2022: -$2,327,2132022Assets 2023: $7,802,187Liabilities 2023: $10,789,710Net Assets 2023: -$2,987,5232023Assets 2024: $7,564,553Liabilities 2024: $11,147,987Net Assets 2024: -$3,583,4342024

Highlighted filing

2024

Assets$7,564,553
Liabilities$11,147,987
Net Assets-$3,583,434

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $637,081Expenses 2015: $719,905Net Income 2015: -$82,8242015Revenue 2016: $1,309,164Expenses 2016: $1,379,589Net Income 2016: -$70,4252016Revenue 2017: $1,337,119Expenses 2017: $1,326,013Net Income 2017: $11,1062017Revenue 2020: $1,476,976Expenses 2020: $2,051,518Net Income 2020: -$574,5422020Revenue 2021: $1,427,008Expenses 2021: $1,965,753Net Income 2021: -$538,7452021Revenue 2022: $1,454,276Expenses 2022: $1,989,620Net Income 2022: -$535,3442022Revenue 2023: $1,471,595Expenses 2023: $2,131,905Net Income 2023: -$660,3102023Revenue 2024: $1,481,609Expenses 2024: $2,077,520Net Income 2024: -$595,9112024

Highlighted filing

2024

Revenue$1,481,609
Expenses$2,077,520
Net Income-$595,911

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,481,609
Mission and Program Overview

Mission

The Corporation is a charitable not-for-profit corporation organized exclusively for thepurpose of developing and operating a housing project for Persons Of Low Income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,703,116$6,350,321▼ $352,795
Accounts Receivable$148,653$261,332▲ $112,679
Cash and Non-Interest-Bearing Accounts$14,743$14,743→ $0
Total Assets$7,802,187$7,564,553▼ $237,634
Other Assets Total$935,675$938,157▲ $2,482
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,723,899$9,723,899→ $0
Accounts Payable and Accrued Expenses$128,887$720,455▲ $591,568
Other Liabilities$936,924$703,633▼ $233,291
Total Liabilities$10,789,710$11,147,987▲ $358,277
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,987,523$-3,583,434▼ $595,911
Total Net Assets Fund Balance$-2,987,523$-3,583,434▼ $595,911
Total Liabilities and Net Assets / Fund Balance$7,802,187$7,564,553▼ $237,634

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,350,321$2,991,392$9,341,713
Other Assets Org$78,295--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark FaircloughChairperson
Pelham BollersExecutive Director
Dionne FranceSecretary
Courtney NewellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,262,620
Investment Income
$0
Other Revenue
$218,989
Change in Net Assets
$-595,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,481,609
Total Revenue per Audited Statements
$1,481,609
Total Revenue per Form 990
$1,481,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,796,209
Salaries, Compensation, and Employee Benefits$281,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$949,692--$949,692
Depreciation Depletion$352,795--$352,795
Insurance$315,938--$315,938
Other Salaries and Wages$241,226--$241,226
Other Expenses$-27$107,268-$107,268
Interest$36,664--$36,664
Payroll Taxes$21,395--$21,395
Fees for Services Legal$20,708--$20,708
Other Employee Benefits$18,690--$18,690
Travel$787--$787
All Other Expenses$520--$520
Fees for Services Accounting-$25-$25
Total Functional Expenses$1,970,227$107,293$0$2,077,520

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,970,227
Total Expenses per Audited Statements$1,970,227
Total Expenses per Form 990$1,970,227
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Due to managing agent$625,338
Tenant Security Payable$78,295
Due to tenants-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The Form 990 is provided to the organizations governing body for their review and approval prior to filing.

Conflict of interest policy compliance Part VI line 12C

You are required to disclose in good faith and in writing to the Board and or the Finance Committee at the Business Office, 294 Sumpter Avenue, Brooklyn, NY all material facts related to conflicts of interest (including those that implicate an Other Related Party but not a Covered Person) (including the nature of your or the Other Related Partys interest and information about any proposed transaction or other arrangement). Disclosures should be made in advance, before any action is taken on the matter. Conflict identification and analysis can be difficult and, therefore, you are at all times expected to err on the side of caution and disclose all instances where a conflict of interest or the appearance of a conflict exists.

CEO executive director top management comp Part VI line 15A

Compensation for the chief executive officer is determined by the board of directors using comparative data obtained from other not for profit organizations, compensation for other staff members is determined by the CEO using the same data.

Other officer or key employee compensation Part VI line 15B

Compensation for the chief executive officer is determined by the board of directors using comparative data obtained from other not for profit organizations, compensation for other staff members is determined by the CEO using the same data.

Governing documents etc available to public Part VI line 19

Information and other documents of the organization are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
US Mcleod Hdfc
EIN
47-2901744
In Care Of
% Pelham Bollers
Phone
7189193600
Address
294 Sumpter Street, Brooklyn, NY 11233

Signing Officer

Name
Pelham Bollers
Title
Executive Director
Phone
7189193600
Signed
2025-11-13
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Padilla and Company LLP
Address
175-61 Hillside Avenue Ste 200, Jamaica, NY 11432
Preparer
Jose Paolo Espiritu
Phone
7185585858
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Tenants Security deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt078295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1625338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to managing agent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to tenants
IRS990ScheduleD/RevenueSubtotalAmt01481609
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06350321
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0938157
IRS990ScheduleD/TotalExpensesPerForm990Amt01970227
IRS990ScheduleD/TotalLiabilityAmt0703633
IRS990ScheduleD/TotalRevenuePerForm990Amt01481609
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01481609
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01970227
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is provided to the organizations governing body for their review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1You are required to disclose in good faith and in writing to the Board and or the Finance Committee at the Business Office, 294 Sumpter Avenue, Brooklyn, NY all material facts related to conflicts of interest (including those that implicate an Other Related Party but not a Covered Person) (including the nature of your or the Other Related Partys interest and information about any proposed transaction or other arrangement). Disclosures should be made in advance, before any action is taken on the matter. Conflict identification and analysis can be difficult and, therefore, you are at all times expected to err on the side of caution and disclose all instances where a conflict of interest or the appearance of a conflict exists.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the chief executive officer is determined by the board of directors using comparative data obtained from other not for profit organizations, compensation for other staff members is determined by the CEO using the same data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for the chief executive officer is determined by the board of directors using comparative data obtained from other not for profit organizations, compensation for other staff members is determined by the CEO using the same data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Information and other documents of the organization are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0US Brownsville II HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1US Brownsville III HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Urban Strategies Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3US Jones HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4US Lottport
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0113091853
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1113491234
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2112484364
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3113299743
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4812203588
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Low income housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Low income housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Social projects
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3Low income housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4Low income housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt27
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt410
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0294 Sumpter Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1294 Sumpter Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2294 Sumpter Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3294 Sumpter Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt4294 Sumpter Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd111233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd211233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd311233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd411233
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07802187
IRS990/TotalAssetsEOYAmt07564553
IRS990/TotalAssetsGrp/BOYAmt07802187
IRS990/TotalAssetsGrp/EOYAmt07564553
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01970227
IRS990/TotalFunctionalExpensesGrp/TotalAmt02077520
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010789710
IRS990/TotalLiabilitiesEOYAmt011147987
IRS990/TotalLiabilitiesGrp/BOYAmt010789710
IRS990/TotalLiabilitiesGrp/EOYAmt011147987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2987523
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3583434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01970227
IRS990/TotalProgramServiceRevenueAmt01262620
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01481609
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01481609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07802187
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07564553
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0787
IRS990/TravelGrp/TotalAmt0787
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false

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