Nhs Housing Development Fund Corporation in New York, New York (NY)

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Nhs Housing Development Fund Corporation
Employer Identification Number (EIN)133739464
Name of OrganizationNhs Housing Development Fund Corporation
Address307 W 36th St Fl 12, New York, NY 10018-6495
SubsectionCharitable Organization
Ruling Date10/2004
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$135,152
Amount of Income$15,000
Form 990 Revenue Amount$15,000
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2013: $15,000
This organization: 

 $15,000
Other organizations performing similar types of work: 

 $150,108

Assets in 2013: $135,152
This organization: 

 $135,152
Other organizations performing similar types of work: 

 $1,156,098

Expenses in 2013: $300
This organization: 

 $300
Other organizations performing similar types of work: 

 $149,118

Income to expenses ratio in 2013: 50.0
Nhs Housing Development Fund Corporation: 

 50.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2005: 100.0%
Nhs Housing Development Fund Corporation: 

 100.0%
Other organizations performing similar types of work: 

 91.0%

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.8%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$12,500$15,000
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$12,500$15,000
Total expenses$62$300
Total net assets$120,452$135,152
Excess/Deficit for the year$12,438$14,700
Net assets or fund balances at beginning of year$108,014$120,452
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$120,452$135,152
Balance Sheets
201120122013
Total assets$113,936$120,452$135,152
Total liabilities$5,922$0$0
Net assets or fund balances$120,452$135,152
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$154,889
Subtotal$154,889
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$154,889
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$154,923
Public support$154,889
Subtotal$34
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$34
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20042005
Total revenue$1,563,442$1,095,688
Contributions, gifts, grants, and similar amounts received$0$0
Contributions to donor advised funds
Direct public support$0$0
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$1,870$14,472
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$1,561,572$1,078,966
Gross sales of inventory, less returns and allowances$6,578,841$8,102,473
Less: cost of goods sold$5,017,269$7,023,507
Other revenue$0$2,250
Total expenses$231,369$1,206,544
Program services$104,597$1,206,544
Management and general$126,772$0
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$1,310,457$1,199,601
Excess or (deficit) for the year$1,332,073$-110,856
Net assets or fund balances at beginning of year$-21,616$1,310,457
Other changes in net assets or fund balances$0$0
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,206,544$1,206,544$0$0
Grants paid from donor advised funds
Other grants and allocations$1,000,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$105,458$105,458$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$9,802$9,802$0$0
Payroll taxes$10,049$10,049$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$939$939$0$0
Postage and shipping$1,832$1,832$0$0
Occupancy$7,166$7,166$0$0
Equipment rental and maintenance$1,596$1,596$0$0
Printing and publications$786$786$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$131$131$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$68,785$68,785$0$0
Balance Sheets
20042005
Total assets$7,667,835$1,897,119
Cash - non-interest-bearing$367,821$1,800,652
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$0$0
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$6,079,943$33,566
Prepaid expenses and deferred charges$0$0
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$0$0
Other assets, including program-related investments$1,220,071$62,901
Total liabilities$6,357,378$697,518
Accounts payable and accrued expenses$141,137$153,324
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$4,899,012$0
Other liabilities$1,317,229$544,194
Total liabilities and net assets/fund balances$7,667,835$1,897,119
Total net assets or fund balances$1,310,457$1,199,601
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20042005
Total revenue$1,563,442$1,095,688
Total revenue, gains, and other support per audited financial statements$1,563,442$1,095,688
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20042005
Total expenses$231,369$1,206,544
Total expenses and losses per audited financial statements$231,369$1,206,544
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$16,722$1,078,966
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$14,472$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$1,078,966
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$2,250$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20032004
Total$459,747$6,580,711
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$412,265$6,578,841
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$7,248$1,870
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$40,234$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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2Jerome Avenue Care For The Homeless30 E 33rd St Fl 5, New York, NY 10016-5337NY2005-05$7,292,831
3Neighborhood Housing Restoration Inc86 Foxbourne Rd, Penfield, NY 14526NY2011-01$6,041,500
4Oub Court Housing Company Inc300 E 175th St, Bronx, NY 10457-5804NY2014-08$5,541,128
5Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc1122 Franklin Ave Ste 406, Garden City, NY 11530-7602NY2007-05$5,478,387
6Village Housing Development Corp120 Broadway Ste 2840, New York, NY 10271-0009NY1999-02$3,677,135
7Second Farms Neighborhood Housing Development Fund Inc1122 Franklin Ave Ste 406, Garden City, NY 11530-7602NY2008-08$3,345,559
8Lenox And Pennamon Housing Development Fund Corporation104 W 114th St Apt 1c, New York, NY 10026-3040NY2012-05$2,671,745
9Actors Fund Housing Development Corporation729 7th Ave, New York, NY 10019-6831NY2011-01$2,661,886
10Park Monroe Housing Developmentfund Corporation132 Ralph Avenue, Brooklyn, NY 11233-1773NY2010-04$2,228,511
11South Bronx Housing Development Fund Co Inc1122 Franklin Ave Ste 406, Garden City, NY 11530-7602NY2009-06$2,183,707
12La Casa Nuestra Housing Development Fund Corporation413 E 120th St, New York, NY 10035-3602NY2013-05$2,074,232
13Tanya Towers Inc315 Hudson St Fl 9, New York, NY 10013-1036NY2005-01$2,018,118
14Monarch Senior Living Housing Development Fund Corporation860 Hard Rd, Webster, NY 14580-8825NY2011-03$1,992,526
15Henry Phipps Plaza East Inc331 East 29th Street, New York, NY 10016-8322NY2009-04$1,960,628
16Stanton Norfolk Inc141 Norfolk St, New York, NY 10002-2374NY2008-10$1,854,004
17Clinton Housing Development Fund Corporation403 West 40th Street, New York, NY 10018-1238NY2014-02$1,841,998
18Markham Gardens Manor Housing Development Fund Company Inc150 Brielle Ave, Staten Island, NY 10314-6400NY2011-05$1,777,910
19Cecil Housing Development Fund Corporation, Cecil Hotel243 W 30th St Fl 2, New York, NY 10001-2812NY2009-09$1,664,356
20Varick Homes Housing Dev Fund Inc4 Executive Blvd, Suffern, NY 10901-4173NY2004-07$1,637,763
Number of organizations performing similar types of work
Alaska9
Alabama46
Arkansas41
Arizona33
California359
Colorado43
Connecticut37
District of Columbia17
Delaware25
Florida128
Georgia103
Hawaii19
Iowa23
Idaho17
Illinois105
Indiana43
Kansas12
Kentucky53
Louisiana97
Massachusetts100
Maryland74
Maine11
Michigan126
Minnesota67
Missouri66
Mississippi35
Montana9
North Carolina110
North Dakota9
Nebraska22
New Hampshire25
New Jersey97
New Mexico15
Nevada12
New York278
Ohio135
Oklahoma35
Oregon31
Pennsylvania108
Rhode Island29
South Carolina55
South Dakota13
Tennessee68
Texas173
Utah12
Virginia54
Vermont7
Washington39
Wisconsin32
West Virginia11
Wyoming4
International23
Total3,095

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