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Carroll Place Hdfc

Bronx, NYUnknown exempt organizationEIN 13-3646718Revenue $308K in FY2022

On file with the IRS1945 Vyse Avenue · Bronx, NY

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To provide low income housing to low and moderate income families

94¢ of each $1 spent went to programs.
$797 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $80K a year · 26% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$797
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
+0.5% vs prior year
Spent
$382K
To programs
94%
Net assets
$0
By yearFY2021–FY2022
Revenue
$308K
FY2022▲ +0.5%
Tap a bar for its year
Revenue by fiscal year
FY2021$307K
FY2022$308K
Expenses
$382K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$392K
FY2022$382K
Net assets
$0
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2021−$689K
FY2022$0

From the FY2022 Form 990 (year ending January 2022) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $360K Management & general 6% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $797 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Jason Boroff
Vice Chair/T
$797Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Josefa Santos
Board Member
$0Pt VII · Sec A
Joan Trani
Board Direct
$0Pt VII · Sec A
Steven Seltzer
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Jean Bonhomme
Controller
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Jason Boroff$797$1,685

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable homes for low-income families.

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Provided by the organization

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1 program · $360K · in their own filed words · FY2021
01

To provide safe, clean and affordable housing to low and moderate income families in the south bronx, ny.

$360Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$308K
Ln 12
Fees for servicesLn 2g$302K
Gifts and grantsLn 1h$4K
Investment incomeLn 3$2K
Money outPt IX
$382K
Ln 25
Programscol B$360K
Managementcol C$21K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$302K
Investment incomeLn 3$2K
Total revenueLn 12$308K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Total assetsLn 16$963K$0
LiabilitiesLn 26$1.7M$0
Net assetsLn 32−$689K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$21K$21K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$15K$15K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$108$108
OccupancyLn 16$57K$57K
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$174K$174K
All other expensesLn 24e$517$517
Total functional expensesLn 25$382K$360K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $308K$382K−$73K$0 990 PDF
FY2021 $307K$392K−$86K−$689K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $308,152 revenue, 12 lines filed
I-8 Contributions and grants$4,357
I-9 Program service revenuePrior year $302,119$302,290
I-10 Investment incomePrior year $4,389$1,505
I-11 Other revenue$0
I-12 Total revenuePrior year $306,508$308,152
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,079$33,337
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $356,030$348,280
I-18 Total expensesPrior year $392,109$381,617
I-19 Revenue less expensesPrior year −$85,601−$73,465
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $308,152 across 5 lines filed
VIII-1d Related organizations$4,357
VIII-1h Total contributions, gifts and grants$4,357
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $302,290$302,290
VIII-3 Investment incomeRelated to mission $1,505$1,505
VIII-12 Total revenueRelated to mission $303,795$308,152
Part IX · Statement of functional expenses $381,617 across 12 lines filed
IX-7 Other salaries and wagesPrograms $20,598$20,598
IX-9 Other employee benefitsPrograms $10,959$10,959
IX-10 Payroll taxesPrograms $1,780$1,780
IX-11a Management feesManagement $15,160$15,160
IX-11b Legal feesPrograms $7,930$7,930
IX-11c Accounting feesManagement $6,175$6,175
IX-11g Other fees for servicesPrograms $108$108
IX-16 OccupancyPrograms $57,067$57,067
IX-22 Depreciation, depletion and amortizationPrograms $57,910$57,910
IX-23 InsurancePrograms $29,248$29,248
IX-24 Other expenses (24a–d)Programs $174,165$174,165
IX-24e All other expensesPrograms $517$517
IX-25 Total functional expensesPrograms $360,282 · Management $21,335 · Fundraising $0$381,617
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $963,411$0
X-26 Total liabilitiesStart of year $1,652,544$0
X-32 Total net assets or fund balancesStart of year −$689,133$0
X-33 Total liabilities and net assetsStart of year $963,411$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$308,152
XI-2 Total expenses$381,617
XI-3 Revenue less expenses−$73,465
XI-4 Net assets at start of year−$689,133
XI-5 Net unrealized gains (losses) on investments−$3,508
XI-9 Other changes in net assets$766,106
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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