Civic Intelligence

Nycha II Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 80-0546653

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

250 BroadwayNew York, NY 10007

(212) 306-6679

Siviq Scores

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

Liabilities / Assets

97th percentile

1.29x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

1.32x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

1st percentile

-45%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

0.7%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Down

$70,918,763

Down $57,708,394 (-45%) from 2019

Net Assets

Up

-$20,901,702

Up $10,323,659 (+33%) from 2019

Liabilities

Down

$91,820,465

Down $68,032,053 (-43%) from 2019

Revenue

Up

$69,703,388

Up $511,941 (+0.7%) from 2019

Expenses

Down

$59,379,729

Down $105,315,729 (-64%) from 2019

Net Income

Up

$10,323,659

Up $105,827,670 (+111%) from 2019

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0-$50MAssets 2018: $83,907,756Liabilities 2018: $9,200Net Assets 2018: $83,898,5562018Assets 2019: $128,627,157Liabilities 2019: $159,852,518Net Assets 2019: -$31,225,3612019Assets 2020: $70,918,763Liabilities 2020: $91,820,465Net Assets 2020: -$20,901,7022020Assets 2021: $21,607,256Liabilities 2021: $3,076,543Net Assets 2021: $18,530,7132021Assets 2022: $20,451,748Liabilities 2022: $1,433,949Net Assets 2022: $19,017,7992022Assets 2023: $19,535,317Liabilities 2023: $37,309Net Assets 2023: $19,498,0082023Assets 2024: $20,035,643Liabilities 2024: $37,068Net Assets 2024: $19,998,5752024

Highlighted filing

2020

Assets$70,918,763
Liabilities$91,820,465
Net Assets-$20,901,702

Operations Trend

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

$200M$100M$0-$100MRevenue 2018: $48,696,730Expenses 2018: $2,300Net Income 2018: $48,694,4302018Revenue 2019: $69,191,447Expenses 2019: $164,695,458Net Income 2019: -$95,504,0112019Revenue 2020: $69,703,388Expenses 2020: $59,379,729Net Income 2020: $10,323,6592020Revenue 2021: $75,418,815Expenses 2021: $35,986,399Net Income 2021: $39,432,4162021Revenue 2022: $487,086Expenses 2022: $0Net Income 2022: $487,0862022Revenue 2023: $480,209Expenses 2023: $0Net Income 2023: $480,2092023Revenue 2024: $500,567Expenses 2024: $0Net Income 2024: $500,5672024

Highlighted filing

2020

Revenue$69,703,388
Expenses$59,379,729
Net Income$10,323,659
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$107,310,810
Mission and Program Overview

Mission

To faciliate housing for persons of low income in new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,060,144$51,542,681▼ $15,517,463
Cash and Non-Interest-Bearing Accounts$15,623,741$10,876,015▼ $4,747,726
Other Notes and Loans Receivable, Net$4,355,724$4,873,325▲ $517,601
Prepaid Expenses and Deferred Charges$2,436,726$1,594,372▼ $842,354
Investments Program Related$852,692$0▼ $852,692
Accounts Receivable$1,650,832$807,750▼ $843,082
Total Assets$128,627,157$70,918,763▼ $57,708,394
Other Assets Total$36,647,298$1,224,620▼ $35,422,678
Liabilities
Other Liabilities$89,775,064$55,205,748▼ $34,569,316
Mortgage Notes Payable Secured by Investment Property$51,673,284$26,035,959▼ $25,637,325
Accounts Payable and Accrued Expenses$18,404,170$10,578,758▼ $7,825,412
Total Liabilities$159,852,518$91,820,465▼ $68,032,053
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-31,225,361$-20,901,702▲ $10,323,659
Total Net Assets Fund Balance$-31,225,361$-20,901,702▲ $10,323,659
Total Liabilities and Net Assets / Fund Balance$128,627,157$70,918,763▼ $57,708,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$51,542,681$100,198,900$151,741,581
Other Land Buildings$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg RussPresident
Vito MustaciuoloVice President
Victor a GonzalezDirector
Kelly D MacnealSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,803,041
Program Service Revenue
$23,903,247
Investment Income
$14,997,100
Other Revenue
$0
Change in Net Assets
$10,323,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,703,388
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$69,703,388
Total Revenue per Form 990
$69,703,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,125,146
Salaries, Compensation, and Employee Benefits$5,254,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$6,132,342--$6,132,342
Office Expenses$4,333,432$325,590-$4,659,022
Fees for Services Management$3,946,886--$3,946,886
Pension Plan Contributions-$3,505,320-$3,505,320
Other Salaries and Wages$1,749,263--$1,749,263
Other Expenses$1,622,031--$1,622,031
Insurance$505,533$748,710-$1,254,243
Interest$930,875--$930,875
All Other Expenses$515,844--$515,844
Fees for Services Accounting-$95,274-$95,274
Fees for Services Legal$27,625--$27,625
Travel$207--$207
Total Functional Expenses$54,704,835$4,674,894$0$59,379,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$59,379,729
Total Expenses per Audited Statements$59,379,729
Total Expenses per Form 990$59,379,729
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Pollution Remediation Obligation$54,170,511
Tenant Security Deposits$585,334
Prepaid Rent$449,903
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

A copy of the form 990 is provided to all parties by filing.

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

Officers and certain nycha staff must fill out an annual financial disclosure and conflicts interest form.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Nycha Ii Housing Development Fund
EIN
80-0546653
Phone
2123066679
Address
250 BROADWAY, NEW YORK, NY 10007

Signing Officer

Name
Jeffrey Lesnoy
Title
Controller
Phone
2123066679
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annika Lescott
Formed
2010
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
12 POST OFFICE SQUARE 4TH FLOOR, BOSTON, MA 02109
Preparer
Charles a Rhuda Iii
Phone
6173301920
Supplemental Narrative

Financial Statement Notes

Form 990, Part IV, Line 11F

The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the company to report information regarding its exposure to various tax positions taken by the company. The company has determined whether any tax positions have met the recognition threshold and has measured the company's exposure to those tax positions. Management believes that the company has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the company are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 11F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051542681
IRS990ScheduleD/TotalExpensesPerForm990Amt059379729
IRS990ScheduleD/TotalLiabilityAmt055205748
IRS990ScheduleD/TotalRevenuePerForm990Amt069703388
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt069703388
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt059379729
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO ALL PARTIES BY FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND CERTAIN NYCHA STAFF MUST FILL OUT AN ANNUAL FINANCIAL DISCLOSURE AND CONFLICTS INTEREST FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE 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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NYCHA PUBLIC HOUSING PRESERVATION II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0010943506
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt070918762
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RELATED ORGANIZATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt071916497
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt090 CHURCH CTREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd010007
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW YORK CITY HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0136158938
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELATED ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt090 CHURCH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010007
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW YORK CITY HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0128627157
IRS990/TotalAssetsEOYAmt070918763
IRS990/TotalAssetsGrp/BOYAmt0128627157
IRS990/TotalAssetsGrp/EOYAmt070918763
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt030803041
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04674894
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054704835
IRS990/TotalFunctionalExpensesGrp/TotalAmt059379729
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0159852518
IRS990/TotalLiabilitiesEOYAmt091820465
IRS990/TotalLiabilitiesGrp/BOYAmt0159852518
IRS990/TotalLiabilitiesGrp/EOYAmt091820465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-31225361
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-20901702
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt054704835
IRS990/TotalProgramServiceRevenueAmt023903247
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt038900347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt069703388
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128627157
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt070918763
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0207
IRS990/TravelGrp/TotalAmt0207
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0250 BROADWAY
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010007
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY LESNOY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum02123066679
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NYCHA II HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NYCH
ReturnHeader/Filer/EIN0800546653
ReturnHeader/Filer/PhoneNum02123066679
ReturnHeader/Filer/USAddress/AddressLine1Txt0250 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010007
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 POST OFFICE SQUARE 4TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002109
ReturnHeader/PreparerPersonGrp/PhoneNum06173301920
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES A RHUDA III
ReturnHeader/ReturnTs02021-11-11T14:39:38-06:00

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