Civic Intelligence

Arthur Elliot Hdfc

EIN 80-0809725 • 501(c)3 • Bronx, NY

Profile

To provide low income to moderate income housing opportunities for the community

660 East 183rd StreetBronx, NY 10458

www.belmontarthur.com

Siviq Scores

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

Liabilities / Assets

62nd percentile

1.05x

Higher debt load relative to assets than 62% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

5.59x

Higher debt load relative to revenue than 60% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Net Margin

43rd percentile

-20%

Higher net margin than 43% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-4.0%

Faster asset growth than 31% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

4.5%

Faster revenue growth than 61% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,959,667

Down $124,870 (-4.0%) from 2023

Liabilities

Down

$3,095,198

Down $11,709 (-0.4%) from 2023

Net Assets

Down

-$135,531

Down $113,161 (-506%) from 2023

Revenue

Up

$553,494

Up $24,068 (+4.5%) from 2023

Expenses

Up

$666,655

Up $67,044 (+11%) from 2023

Net Income

Down

-$113,161

Down $42,976 (-61%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $2,533,339Liabilities 2013: $2,377,911Net Assets 2013: $155,4282013Assets 2014: $3,600,042Liabilities 2014: $3,371,498Net Assets 2014: $228,5442014Assets 2015: $3,525,350Liabilities 2015: $3,347,859Net Assets 2015: $177,4912015Assets 2016: $3,494,318Liabilities 2016: $3,327,234Net Assets 2016: $167,0842016Assets 2017: $3,405,493Liabilities 2017: $3,261,377Net Assets 2017: $144,1162017Assets 2018: $3,356,677Liabilities 2018: $3,230,773Net Assets 2018: $125,9042018Assets 2019: $3,312,873Liabilities 2019: $3,206,446Net Assets 2019: $106,4272019Assets 2020: $3,313,745Liabilities 2020: $3,186,223Net Assets 2020: $127,5222020Assets 2021: $3,273,860Liabilities 2021: $3,146,126Net Assets 2021: $127,7342021Assets 2022: $3,189,159Liabilities 2022: $3,141,344Net Assets 2022: $47,8152022Assets 2023: $3,084,537Liabilities 2023: $3,106,907Net Assets 2023: -$22,3702023Assets 2024: $2,959,667Liabilities 2024: $3,095,198Net Assets 2024: -$135,5312024

Highlighted filing

2024

Assets$2,959,667
Liabilities$3,095,198
Net Assets-$135,531

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2013: $245,480Expenses 2013: $251,352Net Income 2013: -$5,8722013Revenue 2014: $437,947Expenses 2014: $364,831Net Income 2014: $73,1162014Revenue 2015: $466,772Expenses 2015: $517,825Net Income 2015: -$51,0532015Revenue 2016: $481,472Expenses 2016: $491,879Net Income 2016: -$10,4072016Revenue 2017: $487,792Expenses 2017: $510,760Net Income 2017: -$22,9682017Revenue 2018: $502,719Expenses 2018: $520,931Net Income 2018: -$18,2122018Revenue 2019: $507,161Expenses 2019: $526,638Net Income 2019: -$19,4772019Revenue 2020: $519,497Expenses 2020: $498,402Net Income 2020: $21,0952020Revenue 2021: $511,268Expenses 2021: $511,056Net Income 2021: $2122021Revenue 2022: $527,556Expenses 2022: $607,475Net Income 2022: -$79,9192022Revenue 2023: $529,426Expenses 2023: $599,611Net Income 2023: -$70,1852023Revenue 2024: $553,494Expenses 2024: $666,655Net Income 2024: -$113,1612024

Highlighted filing

2024

Revenue$553,494
Expenses$666,655
Net Income-$113,161

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$553,494
Mission and Program Overview

Mission

To provide low income to moderate income housing opportunities for the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,241,502$2,167,386▼ $74,116
Savings and Temporary Cash Investments$288,436$331,279▲ $42,843
Cash and Non-Interest-Bearing Accounts$371,292$273,703▼ $97,589
Accounts Receivable$105,414$100,181▼ $5,233
Prepaid Expenses and Deferred Charges$52,025$57,723▲ $5,698
Total Assets$3,084,537$2,959,667▼ $124,870
Other Assets Total$25,868$29,395▲ $3,527
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,999,037$2,958,863▼ $40,174
Other Liabilities$90,947$87,003▼ $3,944
Accounts Payable and Accrued Expenses$16,923$49,332▲ $32,409
Total Liabilities$3,106,907$3,095,198▼ $11,709
Net Assets / Fund Balance
Net Assets With Donor Restrictions$161,300$161,300→ $0
Net Assets Without Donor Restrictions$-183,670$-296,831▼ $113,161
Total Net Assets Fund Balance$-22,370$-135,531▼ $113,161
Total Liabilities and Net Assets / Fund Balance$3,084,537$2,959,667▼ $124,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,083,386$1,261,057$3,344,443
Land$84,000-$84,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Consolato CicciuPresident
Paul FracassiVice President
Cecilia FerroSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$546,107
Investment Income
$7,387
Other Revenue
$0
Change in Net Assets
$-113,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$553,494
Total Revenue per Audited Statements
$553,494
Total Revenue per Form 990
$553,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$652,946
Salaries, Compensation, and Employee Benefits$13,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$175,986--$175,986
Depreciation Depletion-$122,376-$122,376
Interest$69,103--$69,103
Insurance$57,011--$57,011
Fees for Services Management-$31,989-$31,989
Fees for Services Legal-$18,349-$18,349
Other Employee Benefits$13,709--$13,709
Fees for Services Accounting-$9,950-$9,950
Office Expenses-$6,453-$6,453
Information Technology-$4,315-$4,315
Advertising-$548-$548
Total Functional Expenses$472,675$193,980$0$666,655

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$666,655
Total Expenses per Audited Statements$666,655
Total Expenses per Form 990$666,655
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Belarts Company LLCCommon PartnershipContracted MaintenanceNo$85,130
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental Overpayments$57,608
Tenant Security Deposits$29,395
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
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Yes, the following officers have a family relationship with each other. Consolato cicciu, president, is brother to cecilia ferro, secretary.

Members or stockholder classes and rights Part VI line 6

Yes, the organization includes members only

Member election for additional members Part VI line 7A

Yes, the organization contains a board of directors that may elect one or more governing bodies

Governing body decisions Part VI line 7B

Yes, via a board meeting the decisions of the governing body are subject to approval by its members.

Form 990 governing body review Part VI line 11

The organization reviews the form 990 diligently updating any information that has changed from the prior years by holding a meeting between the controller of the company along with president and secretary. All procedures and policies are reviewed and discussed in its entirety.

Conflict of interest policy compliance Part VI line 12C

The organization regularly and consistently monitors and enforces compliance with its conflicts of interest policy by reviewing the working relationship of the hdfc to coincide with the projects rules and regulations mandated by hpd and other specialized programs that the hdfc are involved with on ongoing basis

CEO executive director top management comp Part VI line 15A

There is no compensation paid directly from this hdfc to anyone listed on the board of directors, nor the organizations key employees or top management. Any compensation paid is done so via the sponsor, which collects the management fees from this entity

Other officer or key employee compensation Part VI line 15B

N/a; there is no compensation paid directly from this hdfc to anyone listed on the board of directors, nor the organizations key employees or top management. Any compensation paid is done so via the sponsor, which collects the management fees from this entity

Governing documents etc available to public Part VI line 19

The organization makes its governing documents,conflict of interest policies and financial statements available to the public via a scheduled meeting of the board of directors and also upon request.

Filing and Contact Details

Filer

Filer Name
Arthur Elliot Hdfc
EIN
80-0809725
In Care Of
% CONSOLATO CICCIU
Phone
7182952882
Address
660 EAST 183RD STREET, BRONX, NY 10458

Signing Officer

Name
Consolato Cicciu
Title
President
Phone
7183675300
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
Luigi LaVerghetta CPA PC
Address
9 North Goodwin- Suite 2, Elmsford, NY 10523
Preparer
Luigi Laverghetta
Phone
9143806460
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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0516721
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0511268
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02641241
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01261057
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IRS990ScheduleD/LandGrp/BookValueAmt084000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt084000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt157608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENTAL OVERPAYMENTS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02167386
IRS990ScheduleD/TotalExpensesPerForm990Amt0666655
IRS990ScheduleD/TotalLiabilityAmt087003
IRS990ScheduleD/TotalRevenuePerForm990Amt0553494
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BELARTS COMPANY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON PARTNERSHIP
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRACTED MAINTENANCE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES, THE FOLLOWING OFFICERS HAVE A FAMILY RELATIONSHIP WITH EACH OTHER. CONSOLATO CICCIU, PRESIDENT, IS BROTHER TO CECILIA FERRO, SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, THE ORGANIZATION INCLUDES MEMBERS ONLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, THE ORGANIZATION CONTAINS A BOARD OF DIRECTORS THAT MAY ELECT ONE OR MORE GOVERNING BODIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, VIA A BOARD MEETING THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE FORM 990 DILIGENTLY UPDATING ANY INFORMATION THAT HAS CHANGED FROM THE PRIOR YEARS BY HOLDING A MEETING BETWEEN THE CONTROLLER OF THE COMPANY ALONG WITH PRESIDENT AND SECRETARY. ALL PROCEDURES AND POLICIES ARE REVIEWED AND DISCUSSED IN ITS ENTIRETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICTS OF INTEREST POLICY BY REVIEWING THE WORKING RELATIONSHIP OF THE HDFC TO COINCIDE WITH THE PROJECTS RULES AND REGULATIONS MANDATED BY HPD AND OTHER SPECIALIZED PROGRAMS THAT THE HDFC ARE INVOLVED WITH ON ONGOING BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS NO COMPENSATION PAID DIRECTLY FROM THIS HDFC TO ANYONE LISTED ON THE BOARD OF DIRECTORS, NOR THE ORGANIZATIONS KEY EMPLOYEES OR TOP MANAGEMENT. ANY COMPENSATION PAID IS DONE SO VIA THE SPONSOR, WHICH COLLECTS THE MANAGEMENT FEES FROM THIS ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7N/A; THERE IS NO COMPENSATION PAID DIRECTLY FROM THIS HDFC TO ANYONE LISTED ON THE BOARD OF DIRECTORS, NOR THE ORGANIZATIONS KEY EMPLOYEES OR TOP MANAGEMENT. ANY COMPENSATION PAID IS DONE SO VIA THE SPONSOR, WHICH COLLECTS THE MANAGEMENT FEES FROM THIS ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA A SCHEDULED MEETING OF THE BOARD OF DIRECTORS AND ALSO UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
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IRS990/WebsiteAddressTxt0WWW.BELMONTARTHUR.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONSOLATO CICCIU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07183675300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARTHUR ELLIOT HDFC
ReturnHeader/Filer/BusinessNameControlTxt0ARTH
ReturnHeader/Filer/EIN0800809725
ReturnHeader/Filer/InCareOfNm0% CONSOLATO CICCIU
ReturnHeader/Filer/PhoneNum07182952882
ReturnHeader/Filer/USAddress/AddressLine1Txt0660 EAST 183RD STREET
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010458
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465389353
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Luigi LaVerghetta CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09 North Goodwin- Suite 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elmsford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010523
ReturnHeader/PreparerPersonGrp/PhoneNum09143806460
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUIGI LAVERGHETTA
ReturnHeader/ReturnTs02025-11-13T12:06:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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