Towerview Housing Inc in Ithaca, New York (NY)

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Towerview Housing Inc
Employer Identification Number (EIN)161589074
Name of OrganizationTowerview Housing Inc
In Care of NameDavid Sprague
Address115 W Clinton St, Ithaca, NY 14850-5636
SubsectionTitle Holding Corporation
Ruling Date01/2002
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$460,310
Amount of Income$194,849
Form 990 Revenue Amount$194,849
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Real Estate Organizations


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Amount of income in 2012: $194,849 (it was $187,615 in 2011)
This organization: 

 $194,849
Other organizations performing similar types of work: 

 $395,082

Assets in 2012: $460,310 (it was $470,721 in 2011)
This organization: 

 $460,310
Other organizations performing similar types of work: 

 $1,488,874

Expenses in 2012: $212,330
This organization: 

 $212,330
Other organizations performing similar types of work: 

 $72,621

Income to expenses ratio in 2012: 0.9
Towerview Housing Inc: 

 0.9
Other organizations performing similar types of work: 

 3.3

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$194,849
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$194,704
Membership dues and assessments$0
Investment income$145
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$212,330
Total net assets$15,441
Deficit for the year$-17,481
Net assets or fund balances at beginning of year$32,922
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$460,310
Total liabilities$444,869
Net assets or fund balances$15,441
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Tgm Realty Corp 20650 5th Ave Fl 28, New York, NY 10019-6108NY1998-07$142,782,870
2Seacrest Realty Holding CompanyPO BOX 5005, New York, NY 10163-5005NY2001-07$89,667,619
3Tgm Investment Corp I650 5th Ave Fl 28, New York, NY 10019-6108NY2000-05$72,251,482
4Sanctuary Park Realty Holding CompanyPO BOX 5005, New York, NY 10163-5005NY1999-09$35,275,063
5Sacramento County Employees Retirement System Title Holding40 East 52nd Street, New York, NY 10022-5911NY1996-02$24,599,376
6Tgm Realty Corp 30650 Fifth Ave 28yh Fl, New York, NY 10019NY1999-06$23,344,900
7Seventeenth Street Plaza Realty Holding CompanyPO BOX 5005, New York, NY 10163-5005NY2001-03$18,432,373
8Seafo Inc230 Park Ave 12th Flr, New York, NY 10169-0005NY1999-09$17,357,633
9Concar Acquisition Co IncPO BOX 5005, New York, NY 10163-5005NY2012-04$8,322,442
10Northpark Lending CompanyPO BOX 5005, New York, NY 10163-5005NY2014-08$7,705,556
11Triangle Residential Acquisition CompanyPO BOX 5005, New York, NY 10163-5005NY2007-03$7,396,025
12Rio Salado Acquisition CorporationPO BOX 5005, New York, NY 10163-5005NY2010-10$5,958,893
13Mission Bay Funding CompanyPO BOX 5005, New York, NY 10163-5005NY2007-05$5,521,721
14Dublin Corporate Center Acquisition LlcPO BOX 5005, New York, NY 10163-5005NY2014-04$5,328,415
15Town Center Apartments IncC/O Sentinel 1251 Ave Of The, New York, NY 10020NY2004-09$5,027,837
16St Johns Wood Realty Holding Company IncPO BOX 5005, New York, NY 10163-5005NY2000-09$4,887,680
17Villas At Stone Oak Ranch Investment Group IncC/O Sentinel 1251 Ave Of The, New York, NY 10020NY2005-12$4,651,824
18Winsted Apartments Inc1251 Ave Of The Americas 35th Flr, New York, NY 10020-1104NY2000-06$4,622,963
19Aerial Center Realty Corp1251 Avenue Of The Americas 35th Fl, New York, NY 10020-1104NY2013-11$4,554,208
20South End Apartments LlcPO BOX 5005, New York, NY 10163-5005NY2014-09$4,286,399
Number of organizations performing similar types of work
Alaska8
Alabama12
Arkansas5
Arizona10
California321
Colorado25
Connecticut66
District of Columbia21
Delaware17
Florida80
Georgia41
Hawaii5
Iowa8
Idaho9
Illinois147
Indiana43
Kansas7
Kentucky10
Louisiana21
Massachusetts62
Maryland45
Maine10
Michigan85
Minnesota24
Missouri43
Mississippi6
Montana10
North Carolina17
North Dakota3
Nebraska7
New Hampshire12
New Jersey43
New Mexico10
Nevada5
New York313
Ohio47
Oklahoma16
Oregon24
Pennsylvania77
Rhode Island13
South Carolina10
South Dakota4
Tennessee14
Texas191
Utah10
Virginia30
Vermont6
Washington45
Wisconsin15
West Virginia12
Wyoming1
International2
Total2,068

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