Civic Intelligence

Gibb Mansion Housing Development Fund Corporation

990 • Fiscal year 2022 • EIN 82-1641445

Oct 31, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileWWW.IMPACCTBROOKLYN.ORG
1000 Dean St 420Brooklyn, NY 11238

(718) 522-2613

Siviq Scores

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

Liabilities / Assets

72nd percentile

1.08x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

17.15x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Net Margin

24th percentile

-22%

Higher net margin than 24% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

56th percentile

$168,676

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

$9,329,011

No earlier filing loaded for comparison.

Net Assets

-$733,749

No earlier filing loaded for comparison.

Liabilities

$10,062,760

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin24th percentile

Revenue

$586,603

No earlier filing loaded for comparison.

Expenses

$714,101

No earlier filing loaded for comparison.

Net Income

-$127,498

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MAssets 2022: $9,329,011Liabilities 2022: $10,062,760Net Assets 2022: -$733,7492022Assets 2023: $9,118,702Liabilities 2023: $10,178,222Net Assets 2023: -$1,059,5202023Assets 2024: $8,932,477Liabilities 2024: $10,313,855Net Assets 2024: -$1,381,3782024

Highlighted filing

2022

Assets$9,329,011
Liabilities$10,062,760
Net Assets-$733,749
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2022: $586,603Expenses 2022: $714,101Net Income 2022: -$127,4982022Revenue 2023: $1,048,489Expenses 2023: $1,374,260Net Income 2023: -$325,7712023Revenue 2024: $1,013,414Expenses 2024: $1,335,272Net Income 2024: -$321,8582024

Highlighted filing

2022

Revenue$586,603
Expenses$714,101
Net Income-$127,498
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 31, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$586,603
Mission and Program Overview

Mission

The corporation was organized exclusively for the purpose of acquiring, developing and maintaining, on a nonprofit basis, a housing project for persons of low income.

To acquire, develop and maintain, on a nonprofit basis, a housing project for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$7,204,354▲ $7,204,354
Cash and Non-Interest-Bearing Accounts-$398,898-
Accounts Receivable-$133,409-
Total Assets$0$9,329,011▲ $9,329,011
Other Assets Total$0$1,592,350▲ $1,592,350
Liabilities
Mortgage Notes Payable Secured by Investment Property-$9,332,966-
Accounts Payable and Accrued Expenses-$706,330-
Deferred Revenue-$15,402-
Escrow Account Liability-$7,062-
Other Liabilities$0$1,000▲ $1,000
Total Liabilities$0$10,062,760▲ $10,062,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-733,749-
Total Net Assets Fund Balance$0$-733,749▼ $733,749
Total Liabilities and Net Assets / Fund Balance$0$9,329,011▲ $9,329,011

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,169,328$1,032,976$8,202,304
Other Land Buildings$27,439$3,899$31,338
Equipment$7,587$1,026$8,613
Other Assets Org$3,499--
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

NameTitle
Heather GershenPresident
Imani GriszellDirector
Yvonne CummingsDirector/treasurer
Bernell GrierSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Concord Management Of Ny LLCProperty Management1328 NEW YORK AVE, Huntington Station, NY 11746$197,037
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$557,769
Investment Income
$5,777
Other Revenue
$23,057
Change in Net Assets
$-127,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$586,603
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$294,507
Total Revenue per Audited Statements
$881,110
Total Revenue per Form 990
$586,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$714,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$149,926--$149,926
Fees for Services Management$116,538$33,359-$149,897
Depreciation Depletion$140,108--$140,108
Interest$55,626--$55,626
Insurance$30,495--$30,495
Office Expenses$25,915--$25,915
Fees for Services Accounting$11,065--$11,065
Fees for Services Legal$2,358--$2,358
Other Expenses$1,098--$1,098
Advertising$105--$105
Travel$3--$3
Total Functional Expenses$680,742$33,359$0$714,101

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,072,629
Expenses per Audited Statements$714,101
Total Expenses per Form 990$714,101
Expenses Not Reported on Form 990$358,528
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$1,000
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the board of directors for review. The board of directors will meet with management to discuss the 990 and resolve any questions that may arise. Upon approval from the board the 990 will be filed.”

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

“All officers and board members are required to disclose at least annually and acutal or potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gibb Mansion Housing Development Fund
EIN
82-1641445
Phone
7185222613
Address
1000 DEAN ST 420, BROOKLYN, NY 11238

Signing Officer

Name
Bernell Grier
Title
Secretary
Phone
7185222613
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernell Grier
Formed
2017
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky CPA
Phone
2122970400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of assets -606,251.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization maintaines security desposits as required by state law.”

PART X, LINE 2:

“Effective october 31, 2021, the corporation received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2022 and 2021. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file informational returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Returns filed by the corporation are subject to examination by the irs for a period of three years. While no returns are currently being examined by the irs, tax years since 2019 remain open.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Income reported on form 1120 prior to exemption effective date 294,507.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses reported on form 1120 prior to exemption effective date 358,528.”

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt0358528
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027439
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03899
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherRevenueAmt0294507
IRS990ScheduleD/RevenueNotReportedAmt0294507
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0586603
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINES SECURITY DESPOSITS AS REQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EFFECTIVE OCTOBER 31, 2021, THE CORPORATION RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE INFORMATIONAL RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INCOME REPORTED ON FORM 1120 PRIOR TO EXEMPTION EFFECTIVE DATE 294,507.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES REPORTED ON FORM 1120 PRIOR TO EXEMPTION EFFECTIVE DATE 358,528.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07204354
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01592350
IRS990ScheduleD/TotalExpensesPerForm990Amt0714101
IRS990ScheduleD/TotalLiabilityAmt01000
IRS990ScheduleD/TotalRevenuePerForm990Amt0586603
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0881110
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01072629
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0142919
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06606
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt019151
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BERNELL GRIER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0168676
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD OF DIRECTORS WILL MEET WITH MANAGEMENT TO DISCUSS THE 990 AND RESOLVE ANY QUESTIONS THAT MAY ARISE. UPON APPROVAL FROM THE BOARD THE 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE AT LEAST ANNUALLY AND ACUTAL OR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF ASSETS -606,251.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0201876837
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1202646555
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2821641445
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3912105355
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0APRTMENT OWNER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1APRTMENT OWNER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2APRTMENT OWNER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3APRTMENT OWNER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0409 GRAND AVENUE HDFC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1942 KENT AVENUE HDFC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2GIBB MANSION HDFC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3PACC HDFC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01000 DEAN STREET SUITE 420
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt11000 DEAN STREET SUITE 420
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt21000 DEAN STREET SUITE 420
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt31000 DEAN STREET SUITE 420
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1BROOKLYN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2BROOKLYN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm3BROOKLYN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd011238
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd111238
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd211238
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd311238
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0265 HAWTHORNE STREET HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1277 GATES AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2409 GRAND AVENUE HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3811 LEXINGTON HOUSING DEV FUND CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4942 KENT AVENUE HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5GATEWAY 277 HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6IMPACCT BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0271921872

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,329,011
Liabilities
$10,062,760
Net assets
-$733,749
Revenue
$586,603
Expenses
$714,101
Net income
-$127,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.93$10.3$1.38$1.01$1.34$0.32
2023Detailed filing. Detailed filing data is available for this year.$9.12$10.2$1.06$1.05$1.37$0.33
2022Detailed filing. Detailed filing data is available for this year.$9.33$10.1$0.73$0.59$0.71$0.13