S H Housing Development Fund Corp FY2021 filing

Supporting organization New York, NY EIN 13-2998607 NTEE L12
Revenue
$167K
▼ -8%
FY2021 · Pt VIII · Ln 12
Expenses
$1.1M
FY2021 · Pt IX · Ln 25
Net assets
$3.5M
FY2021 · Pt X · Ln 32
To programs
100%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2023
Revenue
$167K
FY2021▼ -8%
Expenses
$1.1M
FY2021

Offers affordable housing for seniors with limited income.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Last filed FY2022 — 4 yrs ago
Foundation funders?
Not on file
Spent on programs?
100% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↓ -8% vs prior year Details →

Form 990 for the fiscal year ending September 2021 (IRS tax year 2020).


Offers affordable housing for seniors with limited income.

Type
Supporting organization · Housing
Location
New York, NY
Filings
4 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →
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Provided by the organization

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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
-544%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$3.5M
FY2021▼ -20%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19−$908K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CS H Housing Development Fund Corp
EINHdr · item D13-2998607
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L12)
Ruling yearIRS BMFJul 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO/Director
$0Pt VII · Sec A
Chairman/Director
$0Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
Secretary/Treas./Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2020.
01

The organization is the holder of a promissory note from a related party. The funding was provided for the purpose of providing affordable housing to low income senior citizens.

$1.1Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$167K
Total revenueLn 12$167K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$1.1M
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$3.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.5M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $1.1M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $1.1M · Total expenses $1.1M
100%
Management & General
Management & general $0 · Total expenses $1.1M
0%
Fundraising
Fundraising $0 · Total expenses $1.1M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $167K
0%
Government reliance
Government grants — · Total revenue $167K
—
Earned-income share
Program service revenue $167K · Total revenue $167K
100%
Investment reliance
Investment income $0 · Total revenue $167K
0%
Program self-sufficiency
Program service revenue $167K · Total expenses $1.1M
16%
Growth & trend
Revenue growth (YoY)
This year $167K · Prior year $181K
-8%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $167K · Expenses $1.1M
-544%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
—
Net-asset ratio
Net assets $3.5M · Total assets $3.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stuart C Kaplan · Reported title PRESIDENT/CEO/DIRECTOR · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.1M
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Revenue growth -8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $3.6M · 2021–2021
Selfhelp Community Services INCNY · FY2021$3,632,271

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$0 revenue · ⤓ 990 PDF
FY2022$83K revenue · ⤓ 990 PDF
FY2021$167K revenue · viewing · ⤓ 990 PDF
FY2020$181K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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