Civic Intelligence

St Vincent'S Housing Development Fund Company Inc

990 • Fiscal year 2019 • EIN 62-1775418

Jan 01, 2019 to Dec 31, 2019 • Filed on May 11, 2020

Organization ProfileN/A
150 Brielle AvenueStaten Island, NY 10314-6424

(718) 477-6803

Siviq Scores

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

Liabilities / Assets

17th percentile

0.04x

Higher debt load relative to assets than 17% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

20th percentile

0.23x

Higher debt load relative to revenue than 20% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Net Margin

37th percentile

-8.0%

Higher net margin than 37% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

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.

2019 filings • NTEE L • $5M-$10M nonprofits • Source year 2019

Asset Growth

52nd percentile

-1.3%

Faster asset growth than 52% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

74th percentile

7.9%

Faster revenue growth than 74% of similar nonprofits.

2019 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$5,215,877

Down $69,434 (-1.3%) from 2018

Net Assets

Down

$5,014,553

Down $55,284 (-1.1%) from 2018

Liabilities

Down

$201,324

Down $14,150 (-6.6%) from 2018

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin37th percentile

Revenue

Up

$893,850

Up $65,685 (+7.9%) from 2018

Expenses

Up

$965,734

Up $23,330 (+2.5%) from 2018

Net Income

Up

-$71,884

Up $42,355 (+37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,271,116Liabilities 2010: $211,291Net Assets 2010: $6,059,8252010Assets 2011: $6,162,892Liabilities 2011: $220,911Net Assets 2011: $5,941,9812011Assets 2012: $6,038,562Liabilities 2012: $233,713Net Assets 2012: $5,804,8492012Assets 2013: $5,859,573Liabilities 2013: $236,721Net Assets 2013: $5,622,8522013Assets 2014: $5,668,816Liabilities 2014: $150,035Net Assets 2014: $5,518,7812014Assets 2015: $5,581,608Liabilities 2015: $158,028Net Assets 2015: $5,423,5802015Assets 2016: $5,465,459Liabilities 2016: $157,962Net Assets 2016: $5,307,4972016Assets 2017: $5,372,222Liabilities 2017: $183,362Net Assets 2017: $5,188,8602017Assets 2018: $5,285,311Liabilities 2018: $215,474Net Assets 2018: $5,069,8372018Assets 2019: $5,215,877Liabilities 2019: $201,324Net Assets 2019: $5,014,5532019Assets 2020: $5,099,585Liabilities 2020: $178,080Net Assets 2020: $4,921,5052020Assets 2021: $4,848,893Liabilities 2021: $180,059Net Assets 2021: $4,668,8342021Assets 2022: $4,733,264Liabilities 2022: $170,924Net Assets 2022: $4,562,3402022Assets 2023: $4,776,698Liabilities 2023: $268,168Net Assets 2023: $4,508,5302023Assets 2024: $4,732,342Liabilities 2024: $306,276Net Assets 2024: $4,426,0662024

Highlighted filing

2019

Assets$5,215,877
Liabilities$201,324
Net Assets$5,014,553
Open 2019 Filing

Operations Trend

Revenue Growth74th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $740,4252010Expenses 2011: $760,3172011Expenses 2012: $778,5752012Revenue 2013: $655,963Expenses 2013: $807,035Net Income 2013: -$151,0722013Revenue 2014: $687,855Expenses 2014: $813,327Net Income 2014: -$125,4722014Revenue 2015: $698,913Expenses 2015: $800,436Net Income 2015: -$101,5232015Revenue 2016: $701,221Expenses 2016: $809,947Net Income 2016: -$108,7262016Revenue 2017: $740,951Expenses 2017: $868,969Net Income 2017: -$128,0182017Revenue 2018: $828,165Expenses 2018: $942,404Net Income 2018: -$114,2392018Revenue 2019: $893,850Expenses 2019: $965,734Net Income 2019: -$71,8842019Revenue 2020: $883,993Expenses 2020: $979,726Net Income 2020: -$95,7332020Revenue 2021: $882,748Expenses 2021: $1,111,366Net Income 2021: -$228,6182021Revenue 2022: $1,060,524Expenses 2022: $1,109,681Net Income 2022: -$49,1572022Revenue 2023: $1,154,704Expenses 2023: $1,227,232Net Income 2023: -$72,5282023Revenue 2024: $1,271,164Expenses 2024: $1,349,659Net Income 2024: -$78,4952024

Highlighted filing

2019

Revenue$893,850
Expenses$965,734
Net Income-$71,884
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 11, 2020
Return Version
2019v5.1
Gross Receipts
$1,028,408
Mission and Program Overview

Mission

To provide housing and related services to the poor elderly on a nonprofit basis.

Own and operate a hud-financed multifamily project for the elderly on a nonprofit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,362,814$4,210,131▼ $152,683
Prepaid Expenses and Deferred Charges$77,561$89,054▲ $11,493
Cash and Non-Interest-Bearing Accounts$102,951$52,924▼ $50,027
Accounts Receivable$4,156$5,324▲ $1,168
Total Assets$5,285,311$5,215,877▼ $69,434
Other Assets Total$737,829$858,444▲ $120,615
Liabilities
Accounts Payable and Accrued Expenses$136,549$122,714▼ $13,835
Other Liabilities$77,826$77,658▼ $168
Deferred Revenue$1,099$952▼ $147
Total Liabilities$215,474$201,324▼ $14,150
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,069,837$5,014,553▼ $55,284
Total Net Assets Fund Balance$5,069,837$5,014,553▼ $55,284
Total Liabilities and Net Assets / Fund Balance$5,285,311$5,215,877▼ $69,434

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,847,711$3,302,167$7,149,878
Land$326,118-$326,118
Other Land Buildings$36,302$118,172$154,474
Other Assets Org$131,169--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Brian F Doran EsqChairperson
Dianne PowersDirector
Dr Pankaj PatelDirector
Joan CatalanoDirector
Katherine ConnorsDirector
Sr Dominica Rocchio ScDirector
Sr Shiela Brosnan ScDirector
Matthew JaneczkoExecutive Director
Susan LamertiSecretary
Sr Eileen Walsh ScTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$871,753
Investment Income
$20,332
Other Revenue
$1,765
Change in Net Assets
$-71,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$893,850
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$27,400
Total Revenue per Audited Statements
$921,250
Total Revenue per Form 990
$893,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$797,014
Salaries, Compensation, and Employee Benefits$168,720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$186,601--$186,601
Other Salaries and Wages$118,753$21,068-$139,821
Occupancy$87,362--$87,362
Fees for Services Management-$64,565-$64,565
Insurance$45,249--$45,249
Other Employee Benefits$22,839--$22,839
Fees for Services Accounting-$18,500-$18,500
Other Expenses$75,851$14,679-$14,679
All Other Expenses$13,121$581-$13,702
Office Expenses-$10,717-$10,717
Payroll Taxes$6,060--$6,060
Fees for Services Legal-$150-$150
Total Functional Expenses$835,474$130,260$0$965,734

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$976,534
Expenses per Audited Statements$965,734
Total Expenses per Form 990$965,734
Expenses Not Reported on Form 990$10,800
Expenses Not Reported on Financial Statements$0
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 Sponsor$63,061
Tenant Security Deposits Payable$14,597
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project entered into a contract with an independent management company which handles the operation of the building, all building related services, all tenant needs and services, as well as all legal, financial and other matters. All salaries are paid through this independent management company which files all related payroll tax returns.”

Form 990, Part VI, Section A, Line 6

“The organization has a sole corporate member, which is also a tax exempt entity.”

Form 990, Part VI, Section A, Line 7A

“The sole corporate member has the ability to elect the board of directors.”

Form 990, Part VI, Section A, Line 7B

“The sole corporate member has the right to review decisions covering significant events or decisions made by the board, should there be the need.”

Form 990, Part VI, Section B, Line 11B

“The organization distributes a draft copy of the irs form 990 to its board members to review; who are then provided an opportunity to make comments or inquiries. Appropriate responses are given to their satisfaction. The board approves the filing of the form at a meeting held prior to its due date.”

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

“Annual updates requested in writing from board members and key people.”

Form 990, Part VI, Section B, Line 15

“No board members or officers receive any compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request on an as needed basis as determined by the board of directors.”

FORM 990, PART VII, SECTION A, COLUMN B:

“The board of directors perform goverance and other services throughout the year for the housing entities listed in schedule r, part ii, for no compensation. The hours listed on page 7, part vii, section a, column b, are estimates of the average weekly combined hours worked on all of these entities.”

Filing and Contact Details

Filer

Filer Name
ST VINCENT'S HOUSING DEVELOPMENT FUND
EIN
62-1775418
Phone
7184776803
Address
150 BRIELLE AVENUE, STATEN ISLAND, NY 10314-6424

Signing Officer

Name
Matthew Janeczko
Title
Executive Director
Phone
7184776803
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Janeczko
Formed
1999
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573
Preparer
Vincent Pancaldo
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Superintendent's apartment allowance 10,800.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Superintendent's apartment allowance 10,800.”

Raw XML AppendixShowing 400 of 598 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0136549
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0122714
IRS990/AccountsReceivableGrp/BOYAmt04156
IRS990/AccountsReceivableGrp/EOYAmt05324
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OWN AND OPERATE A HUD-FINANCED MULTIFAMILY PROJECT FOR THE ELDERLY ON A NONPROFIT BASIS.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0581
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013121
IRS990/AllOtherExpensesGrp/TotalAmt013702
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STANAN MANAGEMENT CORP
IRS990/BooksInCareOfDetail/PhoneNum05164861000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt033 FRONT STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HEMPSTEAD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0115503601
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0102951
IRS990/CashNonInterestBearingGrp/EOYAmt052924
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt020332
IRS990/CYOtherExpensesAmt0797014
IRS990/CYOtherRevenueAmt01765
IRS990/CYProgramServiceRevenueAmt0871753
IRS990/CYRevenuesLessExpensesAmt0-71884
IRS990/CYSalariesCompEmpBnftPaidAmt0168720
IRS990/CYTotalExpensesAmt0965734
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0893850
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01099
IRS990/DeferredRevenueGrp/EOYAmt0952
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0186601
IRS990/DepreciationDepletionGrp/TotalAmt0186601
IRS990/Desc0THE ORGANIZATION OWNS AND OPERATES A SECTION 202 HUD FINANCED MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY. THE PROJECT CONSISTS OF 65 UNITS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0835474
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018500
IRS990/FeesForServicesAccountingGrp/TotalAmt018500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0150
IRS990/FeesForServicesLegalGrp/TotalAmt0150
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt064565
IRS990/FeesForServicesManagementGrp/TotalAmt064565
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt930.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0BRIAN F DORAN ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm1DR PANKAJ PATEL
IRS990/Form990PartVIISectionAGrp/PersonNm2DIANNE POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHERINE CONNORS
IRS990/Form990PartVIISectionAGrp/PersonNm4SR DOMINICA ROCCHIO SC
IRS990/Form990PartVIISectionAGrp/PersonNm5SR EILEEN WALSH SC
IRS990/Form990PartVIISectionAGrp/PersonNm6SUSAN LAMERTI
IRS990/Form990PartVIISectionAGrp/PersonNm7SR SHIELA BROSNAN SC
IRS990/Form990PartVIISectionAGrp/PersonNm8JOAN CATALANO
IRS990/Form990PartVIISectionAGrp/PersonNm9MATTHEW JANECZKO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt032
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0134590
IRS990/GrossReceiptsAmt01028408
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt045249
IRS990/InsuranceGrp/TotalAmt045249
IRS990/InvestmentIncomeGrp/ExclusionAmt020300
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020300
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03420339
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04362814
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04210131
IRS990/LandBldgEquipCostOrOtherBssAmt07630470
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0134558
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO THE POOR ELDERLY ON A NONPROFIT BASIS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05069837
IRS990/NetAssetsOrFundBalancesEOYAmt05014553
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt016600
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05069837
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05014553
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt087362
IRS990/OccupancyGrp/TotalAmt087362
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010717
IRS990/OfficeExpensesGrp/TotalAmt010717
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0737829
IRS990/OtherAssetsTotalGrp/EOYAmt0858444
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022839
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022839
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014679
IRS990/OtherExpensesGrp/ProgramServicesAmt0157554
IRS990/OtherExpensesGrp/ProgramServicesAmt1122084
IRS990/OtherExpensesGrp/ProgramServicesAmt275851
IRS990/OtherExpensesGrp/TotalAmt0157554
IRS990/OtherExpensesGrp/TotalAmt1122084
IRS990/OtherExpensesGrp/TotalAmt275851
IRS990/OtherExpensesGrp/TotalAmt314679
IRS990/OtherLiabilitiesGrp/BOYAmt077826
IRS990/OtherLiabilitiesGrp/EOYAmt077658
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1MISC. INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01560
IRS990/OtherRevenueMiscGrp/ExclusionAmt1205
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1205
IRS990/OtherRevenueTotalAmt01765
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021068
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0118753
IRS990/OtherSalariesAndWagesGrp/TotalAmt0139821
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06060
IRS990/PayrollTaxesGrp/TotalAmt06060
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt077561
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt089054
IRS990/PrincipalOfficerNm0MATTHEW JANECZKO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0709212
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1162541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0709212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1162541
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017293
IRS990/PYOtherExpensesAmt0770247
IRS990/PYOtherRevenueAmt02038
IRS990/PYProgramServiceRevenueAmt0808834
IRS990/PYRevenuesLessExpensesAmt0-114239
IRS990/PYSalariesCompEmpBnftPaidAmt0172157
IRS990/PYTotalExpensesAmt0942404
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0828165
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-71884
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0871753
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020332
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017293
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010988
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt075085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0871753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0808834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0725196
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0687062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0685277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03778122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017293
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt075085
IRS990ScheduleA/InvestmentIncomeCYPct00.01940
IRS990ScheduleA/InvestmentIncomePYPct00.01760
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01765
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02038
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01629
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01813
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02648
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09893
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97800
IRS990ScheduleA/PublicSupportPY509Pct00.97960
IRS990ScheduleA/PublicSupportTotal509Amt03778122
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0871753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0808834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0725196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0687062
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0685277
IRS990ScheduleA/Total509Grp/TotalAmt03778122
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0893850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0828165
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0740951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0701221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0698913
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03863100
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03847711
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03302167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07149878
IRS990ScheduleD/ExpensesNotReportedAmt010800
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0965734
IRS990ScheduleD/LandGrp/BookValueAmt0326118
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0326118
IRS990ScheduleD/NetUnrealizedGainsInvstAmt016600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014597
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1712678
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2131169
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt010800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036302
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0118172
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0154474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt063061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114597
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenueAmt010800
IRS990ScheduleD/RevenueNotReportedAmt027400
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0893850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPERINTENDENT'S APARTMENT ALLOWANCE 10,800.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SUPERINTENDENT'S APARTMENT ALLOWANCE 10,800.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04210131
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0858444
IRS990ScheduleD/TotalExpensesPerForm990Amt0965734
IRS990ScheduleD/TotalLiabilityAmt077658
IRS990ScheduleD/TotalRevenuePerForm990Amt0893850
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0921250
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0976534
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS. ALL SALARIES ARE PAID THROUGH THIS INDEPENDENT MANAGEMENT COMPANY WHICH FILES ALL RELATED PAYROLL TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A SOLE CORPORATE MEMBER, WHICH IS ALSO A TAX EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE CORPORATE MEMBER HAS THE ABILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SOLE CORPORATE MEMBER HAS THE RIGHT TO REVIEW DECISIONS COVERING SIGNIFICANT EVENTS OR DECISIONS MADE BY THE BOARD, SHOULD THERE BE THE NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO ARE THEN PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL UPDATES REQUESTED IN WRITING FROM BOARD MEMBERS AND KEY PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO BOARD MEMBERS OR OFFICERS RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS PERFORM GOVERANCE AND OTHER SERVICES THROUGHOUT THE YEAR FOR THE HOUSING ENTITIES LISTED IN SCHEDULE R, PART II, FOR NO COMPENSATION. THE HOURS LISTED ON PAGE 7, PART VII, SECTION A, COLUMN B, ARE ESTIMATES OF THE AVERAGE WEEKLY COMBINED HOURS WORKED ON ALL OF THESE ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A

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
$5,215,877
Liabilities
$201,324
Net assets
$5,014,553
Revenue
$893,850
Expenses
$965,734
Net income
-$71,884
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.73$0.31$4.43$1.27$1.35$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.78$0.27$4.51$1.15$1.23$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.73$0.17$4.56$1.06$1.11$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.85$0.18$4.67$0.88$1.11$0.23
2020Detailed filing. Detailed filing data is available for this year.$5.10$0.18$4.92$0.88$0.98$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.22$0.20$5.01$0.89$0.97$0.07
2018Detailed filing. Detailed filing data is available for this year.$5.29$0.22$5.07$0.83$0.94$0.11
2017Detailed filing. Detailed filing data is available for this year.$5.37$0.18$5.19$0.74$0.87$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.47$0.16$5.31$0.70$0.81$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.58$0.16$5.42$0.70$0.80$0.10
2014Detailed filing. Detailed filing data is available for this year.$5.67$0.15$5.52$0.69$0.81$0.13
2013Detailed filing. Detailed filing data is available for this year.$5.86$0.24$5.62$0.66$0.81$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.04$0.23$5.80$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$0.22$5.94$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.21$6.06$0.74