Civic Intelligence

Brc Landing Road I Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 47-3985343

Jul 01, 2017 to Jun 30, 2018 • Filed on May 06, 2019

Organization ProfileWWW.BRC.ORG
131 West 25th Street 12th FloorNew York, NY 10001

(212) 803-5700

Siviq Scores

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

Liabilities / Assets

74th percentile

0.97x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

63.61x

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

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Net Margin

79th percentile

39%

Higher net margin than 79% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

77th percentile

$355,467

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 115.1% of source-year revenue.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

$20,226,159

No earlier filing loaded for comparison.

Net Assets

$573,061

No earlier filing loaded for comparison.

Liabilities

$19,653,098

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin79th percentile

Revenue

$308,945

No earlier filing loaded for comparison.

Expenses

$187,660

No earlier filing loaded for comparison.

Net Income

$121,285

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30M$20M$10M$0Assets 2018: $20,226,159Liabilities 2018: $19,653,098Net Assets 2018: $573,0612018Assets 2019: $20,189,824Liabilities 2019: $19,260,364Net Assets 2019: $929,4602019Assets 2020: $19,893,396Liabilities 2020: $18,995,138Net Assets 2020: $898,2582020Assets 2021: $19,154,300Liabilities 2021: $17,755,058Net Assets 2021: $1,399,2422021Assets 2022: $19,420,659Liabilities 2022: $17,455,661Net Assets 2022: $1,964,9982022Assets 2023: $19,745,140Liabilities 2023: $17,142,400Net Assets 2023: $2,602,7402023Assets 2024: $20,087,926Liabilities 2024: $16,810,347Net Assets 2024: $3,277,5792024

Highlighted filing

2018

Assets$20,226,159
Liabilities$19,653,098
Net Assets$573,061
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $308,945Expenses 2018: $187,660Net Income 2018: $121,2852018Revenue 2019: $1,998,678Expenses 2019: $1,642,279Net Income 2019: $356,3992019Revenue 2020: $1,904,151Expenses 2020: $1,935,353Net Income 2020: -$31,2022020Revenue 2021: $1,951,755Expenses 2021: $1,450,771Net Income 2021: $500,9842021Revenue 2022: $2,000,549Expenses 2022: $1,434,793Net Income 2022: $565,7562022Revenue 2023: $2,057,294Expenses 2023: $1,419,552Net Income 2023: $637,7422023Revenue 2024: $2,111,826Expenses 2024: $1,436,987Net Income 2024: $674,8392024

Highlighted filing

2018

Revenue$308,945
Expenses$187,660
Net Income$121,285
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 6, 2019
Return Version
2017v2.3
Gross Receipts
$308,945
Mission and Program Overview

Mission

to own, construct and operate transitional and permanent housing for individuals of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,695,565$19,120,739▲ $6,425,174
Savings and Temporary Cash Investments$1,423,633$702,436▼ $721,197
Prepaid Expenses and Deferred Charges$5,281$0▼ $5,281
Accounts Receivable$900$900→ $0
Cash and Non-Interest-Bearing Accounts$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 Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,304,857$20,226,159▲ $5,921,302
Other Assets Total$179,478$402,084▲ $222,606
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,447,832$18,535,001▲ $6,087,169
Accounts Payable and Accrued Expenses$1,387,434$964,001▼ $423,433
Other Liabilities$17,815$154,096▲ $136,281
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,853,081$19,653,098▲ $5,800,017
Net Assets / Fund Balance
Unrestricted Net Assets$451,776$573,061▲ $121,285
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$451,776$573,061▲ $121,285
Total Liabilities and Net Assets / Fund Balance$14,304,857$20,226,159▲ $5,921,302

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,801,714$187,385$17,989,099
Land$1,319,025-$1,319,025
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleOtherTotal
Rosalba Messina From 11117Chief Financial Officer$60,059$60,059

Board Members and Trustees

NameTitle
Julie SalamonChair
Lawrence F GrahamVice Chair
Marcy E WilkovVice Chair
Richard SwansonDirector
Lawrence RosenblattExecutive Director
Philip GartenbergInterim CFO (1/9/17-12/29/17)
Antonio X MolestinaSecretary
Matthew SirovichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$308,333
Investment Income
$612
Other Revenue
$0
Change in Net Assets
$121,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$308,945
Total Revenue per Audited Statements
$308,945
Total Revenue per Form 990
$308,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,660
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
Depreciation Depletion$187,385--$187,385
Office Expenses-$275-$275
Total Functional Expenses$187,385$275$0$187,660

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$187,660
Total Expenses per Audited Statements$187,660
Total Expenses per Form 990$187,660
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$136,281
Accrued Interest Payable$17,815
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“Draft form 990 is reviewed by the controller and cfo and subsequently presented to the board of directors for review before filing with the irs.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Conflict of interest statements are signed by officers and key employees prior to hire, and signed by board members prior to joining the board, and annually thereafter.”

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

“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. Additionally, the organization's financial statements can be found on the website of bowery residents' committee, inc., an affiliate of the reporting organization.”

Filing and Contact Details

Filer

Filer Name
BRC Landing Road I Housing Development
EIN
47-3985343
In Care Of
% ROSALBA MESSINA
Phone
2128035700
Address
131 WEST 25TH STREET 12TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
Rosalba Messina
Title
CFO
Phone
2128035700
Signed
2019-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Rosenblatt
Formed
2015
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Brc landing road i housing development fund corporation (the "reporting organization") adheres to provisions from asc 740, "income taxes". Under asc 740, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The reporting organization does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The reporting organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the reporting organization has filed irs form 990 returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended june 30, 2018, there was no interest or penalties recorded or included in the combined statement of activities. The reporting organization believes it is no longer subject to income tax examinations for the years prior to 2015, which is the standard statute of limitation look-back period.”

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IRS990/OtherLiabilitiesGrp/EOYAmt0154096
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05281
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LAWRENCE ROSENBLATT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308333
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt080000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt055
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt080055
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt080055
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0121285
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0308333
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01423633
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0702436
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt017801714
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0187385
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017989099
IRS990ScheduleD/ExpensesSubtotalAmt0187660
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01319025
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01319025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1136281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/RevenueSubtotalAmt0308945
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BRC LANDING ROAD I HOUSING DEVELOPMENT FUND CORPORATION (THE "REPORTING ORGANIZATION") ADHERES TO PROVISIONS FROM ASC 740, "INCOME TAXES". UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE REPORTING ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE REPORTING ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE REPORTING ORGANIZATION HAS FILED IRS FORM 990 RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEAR ENDED JUNE 30, 2018, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE COMBINED STATEMENT OF ACTIVITIES. THE REPORTING ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2015, WHICH IS THE STANDARD STATUTE OF LIMITATION LOOK-BACK PERIOD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019120739
IRS990ScheduleD/TotalExpensesPerForm990Amt0187660
IRS990ScheduleD/TotalLiabilityAmt0154096
IRS990ScheduleD/TotalRevenuePerForm990Amt0308945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0308945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0187660
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt034500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0287778
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1260050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019505
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAWRENCE ROSENBLATT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PHILIP GARTENBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1INTERIM CFO (1/9/17-12/29/17)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0355467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1260050
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BOWERY RESIDENTS' COMMITTEE, INC., AN AFFILIATE OF THE REPORTING ORGANIZATION PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. BOWERY RESIDENTS' COMMITTEE, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT FORM 990 IS REVIEWED BY THE CONTROLLER AND CFO AND SUBSEQUENTLY PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY OFFICERS AND KEY EMPLOYEES PRIOR TO HIRE, AND SIGNED BY BOARD MEMBERS PRIOR TO JOINING THE BOARD, AND ANNUALLY THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE ORGANIZATION'S FINANCIAL STATEMENTS CAN BE FOUND ON THE WEBSITE OF BOWERY RESIDENTS' COMMITTEE, INC., AN AFFILIATE OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINES 15A AND 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0133975109
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1263727063
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2261524900

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,226,159
Liabilities
$19,653,098
Net assets
$573,061
Revenue
$308,945
Expenses
$187,660
Net income
$121,285
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.1$16.8$3.28$2.11$1.44$0.67
2023Detailed filing. Detailed filing data is available for this year.$19.7$17.1$2.60$2.06$1.42$0.64
2022Detailed filing. Detailed filing data is available for this year.$19.4$17.5$1.96$2.00$1.43$0.57
2021Detailed filing. Detailed filing data is available for this year.$19.2$17.8$1.40$1.95$1.45$0.50
2020Detailed filing. Detailed filing data is available for this year.$19.9$19.0$0.90$1.90$1.94$0.03
2019Detailed filing. Detailed filing data is available for this year.$20.2$19.3$0.93$2.00$1.64$0.36
2018Detailed filing. Detailed filing data is available for this year.$20.2$19.7$0.57$0.31$0.19$0.12