Civic Intelligence

Clt Interboro Clt Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 82-4363742

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
55 Broad Street 10 FLNew York, NY 10004

(646) 237-5920

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

65%

Higher net margin than 92% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

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.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

63%

Faster asset growth than 95% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

458%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,785,628

Up $687,330 (+63%) from 2019

Net Assets

Up

$1,759,628

Up $728,515 (+71%) from 2019

Liabilities

Down

$26,000

Down $41,185 (-61%) from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin92nd percentile

Revenue

Up

$1,115,000

Up $915,000 (+458%) from 2019

Expenses

Up

$386,485

Up $17,237 (+4.7%) from 2019

Net Income

Up

$728,515

Up $897,763 (+530%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $1,200,361Liabilities 2018: $0Net Assets 2018: $1,200,3612018Assets 2019: $1,098,298Liabilities 2019: $67,185Net Assets 2019: $1,031,1132019Assets 2020: $1,785,628Liabilities 2020: $26,000Net Assets 2020: $1,759,6282020Assets 2021: $1,632,696Liabilities 2021: $38,540Net Assets 2021: $1,594,1562021Assets 2022: $1,382,252Liabilities 2022: $49,581Net Assets 2022: $1,332,6712022Assets 2023: $1,372,609Liabilities 2023: $80,525Net Assets 2023: $1,292,0842023Assets 2024: $1,340,476Liabilities 2024: $29,825Net Assets 2024: $1,310,6512024

Highlighted filing

2020

Assets$1,785,628
Liabilities$26,000
Net Assets$1,759,628
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,724,762Expenses 2018: $524,401Net Income 2018: $1,200,3612018Revenue 2019: $200,000Expenses 2019: $369,248Net Income 2019: -$169,2482019Revenue 2020: $1,115,000Expenses 2020: $386,485Net Income 2020: $728,5152020Revenue 2021: $0Expenses 2021: $165,472Net Income 2021: -$165,4722021Revenue 2022: $311,735Expenses 2022: $311,658Net Income 2022: $772022Revenue 2023: $161,810Expenses 2023: $244,409Net Income 2023: -$82,5992023Revenue 2024: $193,960Expenses 2024: $175,393Net Income 2024: $18,5672024

Highlighted filing

2020

Revenue$1,115,000
Expenses$386,485
Net Income$728,515
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,115,000
Mission and Program Overview

Mission

Balancing permanent affordability, equity building, and neighborhood stability, Interboro CLT supports New Yorkers and strengthens communities through the development and stewardship of permanently affordable homes for ownership by low-income households across the five boroughs of New York City.

The Corporation is formed exclusively for the purpose of developing and supporting one or more housing projects to service Persons of Low Income, through its ownership and stewardship of the land beneath rental subprojects and homeownership subprojects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,098,298$1,679,628▲ $581,330
Land, Buildings, and Equipment, Net-$106,000-
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,098,298$1,785,628▲ $687,330
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$67,185$26,000▼ $41,185
Total Liabilities$67,185$26,000▼ $41,185
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,031,113$1,653,628▲ $622,515
Net Assets Without Donor Restrictions-$106,000-
Total Net Assets Fund Balance$1,031,113$1,759,628▲ $728,515
Total Liabilities and Net Assets / Fund Balance$1,098,298$1,785,628▲ $687,330

Asset Categories

AssetBook ValueDepreciationBasis
Land$106,000-$106,000
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Christie PealeBoard Chair
Andrew Reichervice Chair
Ismene SpeliotisSecretary
Karen HaycoxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,115,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,115,000
Change in Net Assets
$728,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,434
Salaries, Compensation, and Employee Benefits$138,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$157,601--$157,601
Other Salaries and Wages$127,799--$127,799
Fees for Services Accounting-$30,400-$30,400
Fees for Services Legal$11,834--$11,834
Other Employee Benefits$10,252--$10,252
Insurance$5,191--$5,191
Other Expenses$1,476$58-$1,534
Office Expenses$30--$30
Total Functional Expenses$317,303$69,182$0$386,485
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board members receive a final version of the tax return for review prior to the filing date.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The governing documents and financial statements are available to the public upon request.”

Form 990 Part VI, Sec B, Lines 12 through 14

“Recently incorporated, Interboro CLT has draft conflict of interest, whistleblower, and document retention policies and plans to adopt them by the close of 2019.”

Filing and Contact Details

Filer

Filer Name
CLT Interboro CLT Housing Development
EIN
82-4363742
Phone
6462375920
Address
55 Broad Street 10 FL, New York, NY 10004

Signing Officer

Name
Christie Peale
Title
Board Chair
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christie Peale
Formed
2018
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Watsonrice Llp
Address
5 PENN PLZ 15TH FL, NEW YORK, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0106000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0106000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0106000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board members receive a final version of the tax return for review prior to the filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Recently incorporated, Interboro CLT has draft conflict of interest, whistleblower, and document retention policies and plans to adopt them by the close of 2019.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 Part VI, Sec B, Lines 12 through 14
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Christie Peale
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLT Interboro CLT Housing Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Fund Corporation
ReturnHeader/Filer/BusinessNameControlTxt0CLTI
ReturnHeader/Filer/EIN0824363742
ReturnHeader/Filer/PhoneNum06462375920
ReturnHeader/Filer/USAddress/AddressLine1Txt055 Broad Street 10 FL
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010004
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261726741
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATSONRICE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05 PENN PLZ 15TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02124477300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Baruti Bediako CPA
ReturnHeader/ReturnTs02021-11-15T06:27:01-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Christie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Peale
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,785,628
Liabilities
$26,000
Net assets
$1,759,628
Revenue
$1,115,000
Expenses
$386,485
Net income
$728,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.03$1.31$0.19$0.18$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.08$1.29$0.16$0.24$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.05$1.33$0.31$0.31$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.63$0.04$1.59$0.00$0.17$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.03$1.76$1.12$0.39$0.73
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.07$1.03$0.20$0.37$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$1.72$0.52$1.20