Civic Intelligence

Lower East Side Housing Development Fund Company Inc.

990EZ • Fiscal year 2018 • EIN 81-0856461

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

141 Norfolk StreetNew York, NY 10002

(212) 964-2288

Siviq Scores

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

Liabilities / Assets

95th percentile

1.03x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$182,016

No earlier filing loaded for comparison.

Net Assets

-$5,622

No earlier filing loaded for comparison.

Liabilities

$187,638

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$4,582

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2018: $182,016Liabilities 2018: $187,638Net Assets 2018: -$5,6222018Assets 2019: $182,331Liabilities 2019: $190,638Net Assets 2019: -$8,3072019Assets 2020: $4,892Liabilities 2020: $1,693Net Assets 2020: $3,1992020Assets 2021: $3,218,527Liabilities 2021: $3,035,729Net Assets 2021: $182,7982021Assets 2022: $14,089,479Liabilities 2022: $14,157,533Net Assets 2022: -$68,0542022Assets 2023: $18,877,760Liabilities 2023: $18,953,809Net Assets 2023: -$76,0492023Assets 2024: $20,021,797Liabilities 2024: $20,021,572Net Assets 2024: $2252024

Highlighted filing

2018

Assets$182,016
Liabilities$187,638
Net Assets-$5,622

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2018: $4,5822018Expenses 2019: $2,6852019Revenue 2020: $193,950Expenses 2020: $182,444Net Income 2020: $11,5062020Revenue 2021: $730Expenses 2021: $543Net Income 2021: $1872021Revenue 2022: $50Expenses 2022: $12,000Net Income 2022: -$11,9502022Revenue 2023: $0Expenses 2023: $7,995Net Income 2023: -$7,9952023Revenue 2024: $386,429Expenses 2024: $310,157Net Income 2024: $76,2722024

Highlighted filing

2018

Revenue-
Expenses$4,582
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

To acquire, preserve, and operate affordable (rental) housing for low to median income families.

Program Services

DescriptionGrantsExpenses
OPERATES LOW-INCOME PROJECT LOCATED IN NEW YORK, NY.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHRISTOPHER KUIPresident (President)-$0--
THOMAS YUPresident-$0--
JACQUELINE HUEYSecretary-$0--
CHRIS MALLIOSTreasurer (Outgoing)-$0--
HSUEH LAM YANAssistant Secretary-$0--
PO YUENTreasurer-$0--
JENNIFER SUNDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lower East Side Housing Development
EIN
81-0856461
Phone
2129642288
Address
141 NORFOLK STREET, NEW YORK, NY 10002

Signing Officer

Name
Thomas Yu
Title
Co-executive Director
Phone
2129642288
Signed
2019-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank charges. Amount: 182. Description: filing fees. Amount: 3,400. Total to form 990-ez, line 16: 3,582.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 15,000. End of year amount: 15,000.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accrued expenses. Beg. Of year amount: 1,000. End of year amount: 1,000. Description: due to aafe. Beg. Of year amount: 10,689. End of year amount: 10,689. Description: due to dmcdc. Beg. Of year amount: 68,061. End of year amount: 68,061. Description: due to stanton norfolk. Beg. Of year amount: 102,700. End of year amount: 105,700. Description: other liabilities. Beg. Of year amount: 0. End of year amount: 2,188.

Raw XML Appendix181 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4ASSISTANT SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK CHARGES. AMOUNT: 182. DESCRIPTION: FILING FEES. AMOUNT: 3,400. TOTAL TO FORM 990-EZ, LINE 16: 3,582.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 15,000. END OF YEAR AMOUNT: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 1,000. END OF YEAR AMOUNT: 1,000. DESCRIPTION: DUE TO AAFE. BEG. OF YEAR AMOUNT: 10,689. END OF YEAR AMOUNT: 10,689. DESCRIPTION: DUE TO DMCDC. BEG. OF YEAR AMOUNT: 68,061. END OF YEAR AMOUNT: 68,061. DESCRIPTION: DUE TO STANTON NORFOLK. BEG. OF YEAR AMOUNT: 102,700. END OF YEAR AMOUNT: 105,700. DESCRIPTION: OTHER LIABILITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,188.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS YU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02129642288
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOWER EAST SIDE HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0LOWE
ReturnHeader/Filer/EIN0810856461
ReturnHeader/Filer/PhoneNum02129642288
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ReturnHeader/FilingSecurityInformation/IPTm015:28:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113518842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARKS PANETH LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0685 THIRD AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
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ReturnHeader/PreparerPersonGrp/PhoneNum02125038800
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MAGDALENA M CZERNIAWSKI
ReturnHeader/ReturnTs02019-11-15T13:52:47-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings