Civic Intelligence

Reside Affordable Inc.

990 • Fiscal year 2023 • EIN 83-1154621

Jan 01, 2023 to Dec 31, 2023

Brooklyn, NY
Siviq Scores

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

Liabilities / Assets

96th percentile

1.06x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.07x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

90th percentile

74%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

24%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$284,941

Up $121,148 (+74%) from 2022

Net Assets

Up

-$18,204

Up $68,903 (+79%) from 2022

Liabilities

Up

$303,145

Up $52,245 (+21%) from 2022

Revenue

Up

$283,815

Up $55,465 (+24%) from 2022

Expenses

Down

$214,912

Down $9,998 (-4.4%) from 2022

Net Income

Up

$68,903

Up $65,463 (+1903%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2022: $163,793Liabilities 2022: $250,900Net Assets 2022: -$87,1072022Assets 2023: $284,941Liabilities 2023: $303,145Net Assets 2023: -$18,2042023Assets 2024: $549,525Liabilities 2024: $387,557Net Assets 2024: $161,9682024

Highlighted filing

2023

Assets$284,941
Liabilities$303,145
Net Assets-$18,204

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2022: $228,350Expenses 2022: $224,910Net Income 2022: $3,4402022Revenue 2023: $283,815Expenses 2023: $214,912Net Income 2023: $68,9032023Revenue 2024: $354,242Expenses 2024: $174,070Net Income 2024: $180,1722024

Highlighted filing

2023

Revenue$283,815
Expenses$214,912
Net Income$68,903
Filing Detail Status

This 2023 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

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Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Mission and Program Overview

Mission

Reside affordable serves as new york city's primary nonprofit intermediary for the development and preservation of affordable housing, assisting in the development and promotion of affordable rental housing and homeownership through an array of specialized programs and services. Reside affordable directs these efforts toward supporting the low income public with affordable housing, by marketing low income units.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • <$500k nonprofits