Civic Intelligence

Urban Horizons Housing Development Fund Corporation

EIN 81-4026863 • 501(c)4 • Bronx, NY

Profile

To provide housing to low and moderate income families

50 East 168th StreetBronx, NY 10452

n/A

Siviq Scores

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

Liabilities / Assets

99th percentile

2.54x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

16.06x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-43%

Higher net margin than 6% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$430,881

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Asset Growth

59th percentile

8.3%

Faster asset growth than 59% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-3.0%

Faster revenue growth than 21% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,099,591

Up $854,717 (+8.3%) from 2023

Liabilities

Up

$28,200,724

Up $1,610,416 (+6.1%) from 2023

Net Assets

Down

-$17,101,133

Down $755,699 (-4.6%) from 2023

Revenue

Down

$1,755,473

Down $54,183 (-3.0%) from 2023

Expenses

Down

$2,511,172

Down $77,444 (-3.0%) from 2023

Net Income

Up

-$755,699

Up $23,261 (+3.0%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2017: $1Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $7,902,060Liabilities 2018: $19,739,173Net Assets 2018: -$11,837,1132018Assets 2019: $8,042,129Liabilities 2019: $20,330,184Net Assets 2019: -$12,288,0552019Assets 2020: $9,284,251Liabilities 2020: $22,064,375Net Assets 2020: -$12,780,1242020Assets 2021: $10,493,620Liabilities 2021: $24,007,869Net Assets 2021: -$13,514,2492021Assets 2022: $10,125,249Liabilities 2022: $25,691,723Net Assets 2022: -$15,566,4742022Assets 2023: $10,244,874Liabilities 2023: $26,590,308Net Assets 2023: -$16,345,4342023Assets 2024: $11,099,591Liabilities 2024: $28,200,724Net Assets 2024: -$17,101,1332024

Highlighted filing

2024

Assets$11,099,591
Liabilities$28,200,724
Net Assets-$17,101,133

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $1,279,720Expenses 2018: $1,734,105Net Income 2018: -$454,3852018Revenue 2019: $1,508,315Expenses 2019: $1,882,199Net Income 2019: -$373,8842019Revenue 2020: $1,510,473Expenses 2020: $1,925,444Net Income 2020: -$414,9712020Revenue 2021: $1,478,753Expenses 2021: $2,127,961Net Income 2021: -$649,2082021Revenue 2022: $1,698,939Expenses 2022: $2,479,328Net Income 2022: -$780,3892022Revenue 2023: $1,809,656Expenses 2023: $2,588,616Net Income 2023: -$778,9602023Revenue 2024: $1,755,473Expenses 2024: $2,511,172Net Income 2024: -$755,6992024

Highlighted filing

2024

Revenue$1,755,473
Expenses$2,511,172
Net Income-$755,699

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,755,473
Mission and Program Overview

Mission

To provide housing to low and moderate income families

To provide housing to low and moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,047,429$9,000,556▲ $953,127
Cash and Non-Interest-Bearing Accounts$557,541$280,516▼ $277,025
Prepaid Expenses and Deferred Charges$132,454$142,785▲ $10,331
Accounts Receivable$88,612$94,570▲ $5,958
Total Assets$10,244,874$11,099,591▲ $854,717
Other Assets Total$1,418,838$1,581,164▲ $162,326
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,581,053$19,176,741▲ $595,688
Other Liabilities$7,777,096$8,825,928▲ $1,048,832
Accounts Payable and Accrued Expenses$127,632$102,459▼ $25,173
Escrow Account Liability$77,058$77,232▲ $174
Deferred Revenue$27,469$18,364▼ $9,105
Total Liabilities$26,590,308$28,200,724▲ $1,610,416
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-16,345,434$-17,101,133▼ $755,699
Total Net Assets Fund Balance$-16,345,434$-17,101,133▼ $755,699
Total Liabilities and Net Assets / Fund Balance$10,244,874$11,099,591▲ $854,717

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,404,114$8,711,646$16,115,760
Other Land Buildings$1,091,187-$1,091,187
Equipment$505,255$524,938$1,030,193
Other Assets Org$16,365--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Davon RussellPresident
Gustavo CamposVice President/treasurer
Sharmi SobhanDirector
Linda FieldSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
C&m General Contracting INCConstruction Services3485 SOUTHAMPTON DR, Jeffersonton, VA 22724$207,442
Futura Builders Group INCConstruction Services11617 SUTPHIN BLVD, Jamaica, NY 11434$199,915
Safewatch Security Group INCSecurity Services295 MADISON AVENUE, New York, NY 10017$166,443
Grenadier Realty Management LLCManagement Fee168 39TH STREET SUITE 306, Brooklyn, NY 11232$121,089
Revenue and Support

Revenue Composition

Contributions and Grants
$40,725
Program Service Revenue
$1,630,508
Investment Income
$63,243
Other Revenue
$20,997
Change in Net Assets
$-755,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,755,473
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,755,473
Total Revenue per Form 990
$1,755,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,972,403
Salaries, Compensation, and Employee Benefits$538,769
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$763,096--$763,096
Depreciation Depletion$449,994--$449,994
Other Salaries and Wages$345,384--$345,384
Other Employee Benefits$147,536--$147,536
Fees for Services Management-$89,031-$89,031
Other Expenses$73,158--$73,158
Payroll Taxes$44,477--$44,477
Fees for Services Accounting-$33,700-$33,700
Office Expenses$24,966--$24,966
Fees for Services Other$21,989--$21,989
Fees for Services Legal$17,940--$17,940
Pension Plan Contributions$1,372--$1,372
Total Functional Expenses$2,388,441$122,731$0$2,511,172

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,511,172
Total Expenses per Audited Statements$2,511,172
Total Expenses per Form 990$2,511,172
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$3,291,909
Loans Payable - Related Party$2,943,241
Construction Loans Payable - Related Party$1,897,040
Construction Costs Payable$498,264
Due to Affiliate$195,474
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has entered into a property management agreement with grenadier realty group ("grenadier"), an unrelated party, for property management services. Management fees paid to grenadier are 7% of gross collections. The total fee incurred to grenadier during the calendar year for these services was $89,031.

Form 990, Part VI, Section A, Line 8B

There were no committees with authority to act on behalf of the governing body during 2024.

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

The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Once the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is sent to the president of the board for approval prior to be filed with the internal revenue service.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection upon request under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation, form 990, form 1024, and by-laws are also available upon written request.

FORM 990, PART VI, SECTION B, LINES 12, 13, AND 14:

The organization follows the policies of its parent organization, women's housing & economic development corporation.

Filing and Contact Details

Filer

Filer Name
Urban Horizons Housing Development Fund
EIN
81-4026863
Phone
7188391100
Address
50 EAST 168TH STREET, BRONX, NY 10452

Signing Officer

Name
Davon Russell
Title
President
Phone
7188391100
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Davon Russell
Formed
2016
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
2
Employees
9
Volunteers
4

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Eva Mruk
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's entire board of directors assumes responsibility for oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once the tenants move out of the apartment.

PART X, LINE 2:

The corporation recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the corporation had no uncertain tax positions that would require financial statement recognition or disclosure. The corporation is no longer subject to examinations by the applicable taxing jurisdictions for years prior to december 31, 2021.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt044477
IRS990/PayrollTaxesGrp/TotalAmt044477
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01372
IRS990/PensionPlanContributionsGrp/TotalAmt01372
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0132454
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0142785
IRS990/PrincipalOfficerNm0DAVON RUSSELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01630508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01630508
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050015
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt077949
IRS990/PYOtherExpensesAmt02141808
IRS990/PYOtherRevenueAmt035922
IRS990/PYProgramServiceRevenueAmt01645770
IRS990/PYRevenuesLessExpensesAmt0-778960
IRS990/PYSalariesCompEmpBnftPaidAmt0446808
IRS990/PYTotalExpensesAmt02588616
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01809656
IRS990/ReconcilationRevenueExpnssAmt0-755699
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt040725
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01630508
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07404114
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08711646
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016115760
IRS990ScheduleD/EquipmentGrp/BookValueAmt0505255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0524938
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01030193
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02511172
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01241615
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1249874
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt273310
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt316365
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED RENTAL INCOME
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01091187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01091187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03291909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11897040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2195474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32943241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4498264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSTRUCTION LOANS PAYABLE - RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LOANS PAYABLE - RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CONSTRUCTION COSTS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01755473
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THE TENANTS MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09000556
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01581164
IRS990ScheduleD/TotalExpensesPerForm990Amt02511172
IRS990ScheduleD/TotalLiabilityAmt08825928
IRS990ScheduleD/TotalRevenuePerForm990Amt01755473
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01755473
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02511172
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0323975
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1169111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt020518
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013388
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt1889
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt023000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVON RUSSELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GUSTAVO CAMPOS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0430881
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1170000
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (WHEDCO) DETERMINES THE COMPENSATION OF THE PRESIDENT. WHEDCO'S COMPENSATION COMMITTEE USES COMPARABILITY DATA FROM FORM 990S AND COMPENSATION SURVEYS TO HELP DETERMINE THE COMPENSATION OF THE PRESIDENT.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A PROPERTY MANAGEMENT AGREEMENT WITH GRENADIER REALTY GROUP ("GRENADIER"), AN UNRELATED PARTY, FOR PROPERTY MANAGEMENT SERVICES. MANAGEMENT FEES PAID TO GRENADIER ARE 7% OF GROSS COLLECTIONS. THE TOTAL FEE INCURRED TO GRENADIER DURING THE CALENDAR YEAR FOR THESE SERVICES WAS $89,031.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SENT TO THE PRESIDENT OF THE BOARD FOR APPROVAL PRIOR TO BE FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1024, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION FOLLOWS THE POLICIES OF ITS PARENT ORGANIZATION, WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINES 12, 13, AND 14:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0133814190
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1203673928
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WHEDCO DEVELOPMENT CORP

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