Civic Intelligence

St Vincent'S Housing Development Fund Company Inc

990 • Fiscal year 2022 • EIN 62-1775418

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 23, 2023

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

21st percentile

0.04x

Higher debt load relative to assets than 21% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.16x

Higher debt load relative to revenue than 25% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Net Margin

51st percentile

-4.6%

Higher net margin than 51% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Asset Growth

48th percentile

-2.4%

Faster asset growth than 48% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

20%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$4,733,264

Down $115,629 (-2.4%) from 2021

Net Assets

Down

$4,562,340

Down $106,494 (-2.3%) from 2021

Liabilities

Down

$170,924

Down $9,135 (-5.1%) from 2021

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin51st percentile

Revenue

Up

$1,060,524

Up $177,776 (+20%) from 2021

Expenses

Down

$1,109,681

Down $1,685 (-0.2%) from 2021

Net Income

Up

-$49,157

Up $179,461 (+78%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2022

Assets$4,733,264
Liabilities$170,924
Net Assets$4,562,340
Open 2022 Filing

Operations Trend

Revenue Growth83rd 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

2022

Revenue$1,060,524
Expenses$1,109,681
Net Income-$49,157
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 23, 2023
Return Version
2022v5.0
Gross Receipts
$1,231,903
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$4,033,077$3,938,031▼ $95,046
Prepaid Expenses and Deferred Charges$95,220$102,884▲ $7,664
Cash and Non-Interest-Bearing Accounts$73,794$19,092▼ $54,702
Accounts Receivable$34,179$11,189▼ $22,990
Total Assets$4,848,893$4,733,264▼ $115,629
Other Assets Total$612,623$662,068▲ $49,445
Liabilities
Accounts Payable and Accrued Expenses$96,327$90,037▼ $6,290
Other Liabilities$76,577$78,086▲ $1,509
Deferred Revenue$7,155$2,801▼ $4,354
Total Liabilities$180,059$170,924▼ $9,135
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,668,834$4,562,340▼ $106,494
Total Net Assets Fund Balance$4,668,834$4,562,340▼ $106,494
Total Liabilities and Net Assets / Fund Balance$4,848,893$4,733,264▼ $115,629

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,567,325$3,868,513$7,435,838
Land$326,118-$326,118
Other Land Buildings$44,588$139,779$184,367
Other Assets Org$154,998--
Compensation and Service Providers
Top Officer Pay47th 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
Tara FrenchDirector
Matthew JaneczkoExecutive Director
Sr Eileen Walsh ScTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,048,219
Investment Income
$9,821
Other Revenue
$2,484
Change in Net Assets
$-49,157

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,060,524
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-46,537
Total Revenue per Audited Statements
$1,013,987
Total Revenue per Form 990
$1,060,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$908,598
Salaries, Compensation, and Employee Benefits$201,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$202,780--$202,780
Other Salaries and Wages$146,641$21,232-$167,873
Occupancy$96,632--$96,632
Fees for Services Management-$78,874-$78,874
Insurance$61,198--$61,198
Other Employee Benefits$26,301--$26,301
Fees for Services Accounting-$20,500-$20,500
All Other Expenses$17,265$914-$18,179
Office Expenses-$17,734-$17,734
Other Expenses$91,413$16,835-$16,835
Payroll Taxes$6,909--$6,909
Total Functional Expenses$953,592$156,089$0$1,109,681

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,120,481
Expenses per Audited Statements$1,109,681
Total Expenses per Form 990$1,109,681
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$15,025
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
2023-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Janeczko
Formed
1999
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573
Preparer
JAMES R D'ARCANGELO
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.

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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt096632
IRS990/OccupancyGrp/TotalAmt096632
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017734
IRS990/OfficeExpensesGrp/TotalAmt017734
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0612623
IRS990/OtherAssetsTotalGrp/EOYAmt0662068
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026301
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026301
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016835
IRS990/OtherExpensesGrp/ProgramServicesAmt0182260
IRS990/OtherExpensesGrp/ProgramServicesAmt1122193
IRS990/OtherExpensesGrp/ProgramServicesAmt291413
IRS990/OtherExpensesGrp/TotalAmt0182260
IRS990/OtherExpensesGrp/TotalAmt1122193
IRS990/OtherExpensesGrp/TotalAmt291413
IRS990/OtherExpensesGrp/TotalAmt316835
IRS990/OtherLiabilitiesGrp/BOYAmt076577
IRS990/OtherLiabilitiesGrp/EOYAmt078086
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1MISC. INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01560
IRS990/OtherRevenueMiscGrp/ExclusionAmt1924
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1924
IRS990/OtherRevenueTotalAmt02484
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021232
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0146641
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167873
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06909
IRS990/PayrollTaxesGrp/TotalAmt06909
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt095220
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0102884
IRS990/PrincipalOfficerNm0MATTHEW JANECZKO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc2COVID-19 SUPPLEMENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0894786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1152925
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0894786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1152925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2508
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07291
IRS990/PYOtherExpensesAmt0920101
IRS990/PYOtherRevenueAmt02206
IRS990/PYProgramServiceRevenueAmt0873251
IRS990/PYRevenuesLessExpensesAmt0-228618
IRS990/PYSalariesCompEmpBnftPaidAmt0191265
IRS990/PYTotalExpensesAmt01111366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0882748
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-49157
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01048219
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07291
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015395
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt020332
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017293
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt070132
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01048219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0873251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0866934
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0871753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0808834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04468991
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09821
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt020332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017293
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt070132
IRS990ScheduleA/InvestmentIncomeCYPct00.01540
IRS990ScheduleA/InvestmentIncomePYPct00.01760
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02484
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02206
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01664
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01765
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02038
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010157
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98240
IRS990ScheduleA/PublicSupportPY509Pct00.98020
IRS990ScheduleA/PublicSupportTotal509Amt04468991
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01048219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0873251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0866934
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0871753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0808834
IRS990ScheduleA/Total509Grp/TotalAmt04468991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01060524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0882748
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0883993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0893850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0828165
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04549280
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03567325
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03868513
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07435838
IRS990ScheduleD/ExpensesNotReportedAmt010800
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01109681
IRS990ScheduleD/LandGrp/BookValueAmt0326118
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0326118
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-57337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015025
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1492045
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2154998
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt010800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044588
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0139779
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0184367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt063061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenueAmt010800
IRS990ScheduleD/RevenueNotReportedAmt0-46537
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01060524
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/TotalBookValueLandBuildingsAmt03938031
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0662068
IRS990ScheduleD/TotalExpensesPerForm990Amt01109681
IRS990ScheduleD/TotalLiabilityAmt078086
IRS990ScheduleD/TotalRevenuePerForm990Amt01060524
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01013987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01120481
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

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,733,264
Liabilities
$170,924
Net assets
$4,562,340
Revenue
$1,060,524
Expenses
$1,109,681
Net income
-$49,157
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