Civic Intelligence

Hewit House Hdfc

EIN 51-0594857 • 501(c)3 • Brooklyn, NY

Profile

99 Ownership in a limited partnership which provides housing to persons of ow income in Kings County Bklyn, NY.

465 Sterling PlaceBrooklyn, NY 11238

bnia.org

Siviq Scores

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

Liabilities / Assets

96th percentile

1.37x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

5.19x

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

52nd percentile

4.6%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

18%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,448,481

Up $150,839 (+4.6%) from 2022

Liabilities

Up

$4,737,892

Up $14,698 (+0.3%) from 2022

Net Assets

Up

-$1,289,411

Up $136,141 (+9.6%) from 2022

Revenue

Up

$912,628

Up $139,855 (+18%) from 2022

Expenses

Up

$776,486

Up $39,379 (+5.3%) from 2022

Net Income

Up

$136,142

Up $100,476 (+282%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,608,544Liabilities 2011: $4,534,464Net Assets 2011: -$925,9202011Assets 2012: $3,245,404Liabilities 2012: $4,542,438Net Assets 2012: -$1,297,0342012Assets 2013: $3,204,735Liabilities 2013: $4,537,877Net Assets 2013: -$1,333,1422013Assets 2014: $3,183,381Liabilities 2014: $4,531,816Net Assets 2014: -$1,348,4352014Assets 2015: $3,128,883Liabilities 2015: $5,076,898Net Assets 2015: -$1,948,0152015Assets 2016: $3,098,588Liabilities 2016: $4,747,910Net Assets 2016: -$1,649,3222016Assets 2017: $3,014,536Liabilities 2017: $4,693,716Net Assets 2017: -$1,679,1802017Assets 2018: $3,016,315Liabilities 2018: $4,621,774Net Assets 2018: -$1,605,4592018Assets 2019: $3,075,541Liabilities 2019: $4,639,739Net Assets 2019: -$1,564,1982019Assets 2020: $3,104,761Liabilities 2020: $4,668,331Net Assets 2020: -$1,563,5702020Assets 2021: $3,247,888Liabilities 2021: $4,709,106Net Assets 2021: -$1,461,2182021Assets 2022: $3,297,642Liabilities 2022: $4,723,194Net Assets 2022: -$1,425,5522022Assets 2023: $3,448,481Liabilities 2023: $4,737,892Net Assets 2023: -$1,289,4112023

Highlighted filing

2023

Assets$3,448,481
Liabilities$4,737,892
Net Assets-$1,289,411

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $02011Expenses 2012: $02012Revenue 2013: -$36,108Expenses 2013: $0Net Income 2013: -$36,1082013Revenue 2014: -$15,293Expenses 2014: $0Net Income 2014: -$15,2932014Revenue 2015: -$599,580Expenses 2015: $0Net Income 2015: -$599,5802015Revenue 2016: $298,695Expenses 2016: $0Net Income 2016: $298,6952016Revenue 2017: -$29,858Expenses 2017: $0Net Income 2017: -$29,8582017Revenue 2018: $73,721Expenses 2018: $0Net Income 2018: $73,7212018Revenue 2019: $737,102Expenses 2019: $695,841Net Income 2019: $41,2612019Revenue 2020: $712,257Expenses 2020: $711,629Net Income 2020: $6282020Revenue 2021: $835,649Expenses 2021: $733,297Net Income 2021: $102,3522021Revenue 2022: $772,773Expenses 2022: $737,107Net Income 2022: $35,6662022Revenue 2023: $912,628Expenses 2023: $776,486Net Income 2023: $136,1422023

Highlighted filing

2023

Revenue$912,628
Expenses$776,486
Net Income$136,142

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 18, 2024
Return Version
2023v5.1
Gross Receipts
$912,628
Mission and Program Overview

Mission

To offer affordable housing to persons of low income.

99 ownership in a limited partnership which provides housing to low income families in the county of kings brroklyn ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$304,315$229,435▼ $74,880
Land, Buildings, and Equipment, Net$206,121$187,745▼ $18,376
Accounts Receivable-$113,013-
Pledges and Grants Receivable$81,508--
Prepaid Expenses and Deferred Charges$140,686$69,462▼ $71,224
Total Assets$3,297,642$3,448,481▲ $150,839
Other Assets Total$2,565,012$2,848,826▲ $283,814
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,466,906$4,466,906→ $0
Other Liabilities$210,327$237,756▲ $27,429
Accounts Payable and Accrued Expenses$45,961$33,230▼ $12,731
Total Liabilities$4,723,194$4,737,892▲ $14,698
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,425,552$-1,289,411▲ $136,141
Total Net Assets Fund Balance$-1,425,552$-1,289,411▲ $136,141
Total Liabilities and Net Assets / Fund Balance$3,297,642$3,448,481▲ $150,839

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$187,744$5,847,455-
Land$1--
Other Assets Org$728,096--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Albert BassChairperson
Penda AikenDirector
Yahya RajiDirector
George AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$737,692
Investment Income
$53,958
Other Revenue
$120,978
Change in Net Assets
$136,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$912,628
Total Revenue per Audited Statements
$912,628
Total Revenue per Form 990
$912,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$776,486
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
Other Expenses$308,564--$308,564
Insurance$121,681--$121,681
Fees for Services Management$96,099--$96,099
Interest$44,403--$44,403
Depreciation Depletion$18,376--$18,376
Fees for Service Investment Mgmnt Fees$14,052--$14,052
Total Functional Expenses$776,486$0$0$776,486

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$776,486
Total Expenses per Audited Statements$776,486
Total Expenses per Form 990$776,486
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
Tenant Scurity Deposits Payable$191,268
Federal income taxes$46,488
Accrued Interest Payable Nys Htf-
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, Section B, Line 11B

Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure the 990 iaccurate and complete. After management review of the draft F/S, which is the source for the amounts reported on the 990, and management agres with the F/S, the 990 is then electronically submitted.

Form 990, Part VI, Section B, Line 12C

Board members , officers report annually if a conflict of interest may exist within thier realm of duties performed for the orgnization. If a conflict apperas to exist, manangement and the board will meet with the individual to obtain and ascertain the veracity of the threat of the conflict of interest. If it is determine that a conflict of interest does exist, the board will institute the required corrective steps to eleminate the factoctors that gave rise to the conflict of interest.

Form 990, Part VI, Section C, Line 19

The governing documents, the conflict of inteest policies, the F/Ss and the form 990 are avaiable upon request.

Filing and Contact Details

Filer

Filer Name
Hewit House Hdfc
EIN
51-0594857
Phone
7187734116
Address
465 STERLING PLACE, Brooklyn, NY 11238

Signing Officer

Name
Yahya Raji
Title
Executive Director
Phone
7187734116
Signed
2024-08-18
Discuss with paid preparer
No

Organization Details

Principal Officer
Yahya Raji
Formed
1989
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Abdur-rahim Abdullah CPA
Address
206 SOUTH 10TH AVENUE, MT VERNON, NY 10550
Preparer
Abdur-rahim Abdullah
Phone
9146993010
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21421629
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32495
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CAPITAL RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REPLACMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5ADVANCES RECEIVABLE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SCURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST PAYABLE NYS HTF
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure the 990 iaccurate and complete. After management review of the draft F/S, which is the source for the amounts reported on the 990, and management agres with the F/S, the 990 is then electronically submitted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members , officers report annually if a conflict of interest may exist within thier realm of duties performed for the orgnization. If a conflict apperas to exist, manangement and the board will meet with the individual to obtain and ascertain the veracity of the threat of the conflict of interest. If it is determine that a conflict of interest does exist, the board will institute the required corrective steps to eleminate the factoctors that gave rise to the conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, the conflict of inteest policies, the F/Ss and the form 990 are avaiable upon request.
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 C, Line 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0776486
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt04737892
IRS990/TotalLiabilitiesGrp/BOYAmt04723194
IRS990/TotalLiabilitiesGrp/EOYAmt04737892
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03297642
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0465 STERLING PLACE
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IRS990/USAddress/ZIPCd011238
IRS990/VotingMembersGoverningBodyCnt04
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IRS990/WebsiteAddressTxt0[email protected]
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0YAHYA RAJI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07187734116
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEWIT HOUSE HDFC
ReturnHeader/Filer/BusinessNameControlTxt0HEWI
ReturnHeader/Filer/EIN0510594857
ReturnHeader/Filer/PhoneNum07187734116
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133387922
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABDUR-RAHIM ABDULLAH CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0206 SOUTH 10TH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MT VERNON

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