Hunts Point Housing Development Fund Corporation in Bronx, New York (NY)
Table of contents:
| Hunts Point Housing Development Fund Corporation | |
| Employer Identification Number (EIN) | 133574304 |
| Name of Organization | Hunts Point Housing Development Fund Corporation |
| In Care of Name | Sebco Development Inc |
| Address | 885 Bruckner Blvd, Bronx, NY 10459-5201 |
| Activities | Low and moderate income housing, Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 02/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $17,906,185 |
| Amount of Income | $4,485,884 |
| Form 990 Revenue Amount | $4,485,884 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $4,485,884 (it was $5,095,503 in 2012)
| Hunts Point Housing Development Fund Corporation: | $4,485,884 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2013: $17,906,185 (it was $17,822,865 in 2012)
| Hunts Point Housing Development Fund Corporation: | $17,906,185 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2012: $4,893,164
| Hunts Point Housing Development Fund Corporation: | $4,893,164 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2012: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 23
| This organization: | 23 |
| Other organizations performing similar types of work: | 1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 47.4% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $5,095,503 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $4,430,258 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $101,948 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $563,297 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $4,893,164 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $448,904 |
| Payroll taxes | $39,231 |
| Professional fundraising services | $0 |
| Other | $4,405,029 |
| Balance Sheet (for 2012) | |
| Total assets | $17,822,865 |
| Total liabilities | $38,256,901 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $36,773,280 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $1,483,621 |
| Total net assets or fund balances | $-20,434,036 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $21,195,304 |
| 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 | $20,101,463 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $530,544 |
| Other | $563,297 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Settlement Housing Fund Inc | 247 W 37th St Fl 4, New York, NY 10018-5709 | NY | 1971-03 | $8,600,122 |
| 2 | Westbeth Corp Housing Development Fund Company Inc | 463 West Street, New York, NY 10014-2010 | NY | 1968-06 | $6,593,866 |
| 3 | West End Residences Hdfc Inc | Suite 740, New York, NY 10115 | NY | 1997-08 | $2,976,875 |
| 4 | Sunset Park Redevelopment Committee Inc | 5101 4th Ave 2nd Floor, Brooklyn, NY 11220-1815 | NY | 1975-06 | $2,628,664 |
| 5 | Virginia-Michigan Housing Develop Ment Fund Company Inc | 865 Michigan Ave, Buffalo, NY 14203-1236 | NY | 1981-04 | $1,679,251 |
| 6 | Walton Avenue Senior Housing Development Fund Company Inc | 900 Grand Concourse, Bronx, NY 10451-2746 | NY | 1994-08 | $1,408,465 |
| 7 | Parkside Housing Development Fund Company Inc | 160 Heberton Ave, Staten Island, NY 10302 | NY | 1994-05 | $1,192,781 |
| 8 | Somaltow Housing Company Inc | 101 S Pearl Street, Albany, NY 12207-1419 | NY | 1971-07 | $1,156,737 |
| 9 | Westbourne Housing Development Fund Company Inc | 2345 Broadway, New York, NY 10024 | NY | 1994-08 | $1,047,889 |
| 10 | Wallkill Housing Development Co Of Carpenters & Joiners Local 964 Inc | 4 Executive Blvd, Suffern, NY 10901-4173 | NY | 1986-01 | $807,757 |
| 11 | Ryer Avenue Housing Development Fund Corp | 2386 Ryer Ave, Bronx, NY 10458-7004 | NY | 1991-09 | $807,751 |
| 12 | Support Ministries For Persons With Aids Inc | 28 Delaware Ter, Albany, NY 12209-1711 | NY | 1989-03 | $779,430 |
| 13 | Royal Gardens Housing Development Fund Corporation | 990 James Street, Syracuse, NY 13203-2879 | NY | 1991-07 | $713,675 |
| 14 | United Odd Fellows Housing Development Fund Company | 1072 Havemeyer Ave, Bronx, NY 10462-5310 | NY | 1994-01 | $664,556 |
| 15 | South Bronx Access Housing Development Fund Corporation | 2415 Westchester Ave, Bronx, NY 10461-3538 | NY | 1992-08 | $615,847 |
| 16 | South Jefferson Housing Development Fund Co Inc, Country View Apts | 990 James Street, Syracuse, NY 13203-2879 | NY | 1981-09 | $501,095 |
| 17 | Yw-Wny Housing Development Fund Company Inc | 1005 Grant Street, Buffalo, NY 14207-2877 | NY | 1996-05 | $480,368 |
| 18 | Southern Hills Preservation Corporation Inc | 2383 Us Route 11 Stop 1, La Fayette, NY 13084-9300 | NY | 1987-03 | $458,082 |
| 19 | Western New York Veterans Housing Coalition Inc, W Ny Veterans Housing | 1416 Main Street, Buffalo, NY 14209-1740 | NY | 1988-06 | $457,211 |
| 20 | Taylor Brown Housing Development Fund Company Inc | 990 James Street, Syracuse, NY 13203-2879 | NY | 1987-08 | $432,802 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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