Housing 2000 Hdfc FY2020 filing

IRS exemption revoked

New York, NYUnknown exempt organizationEIN 13-3688840

Manages and leases low income apartments

83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $399K a year · 25% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.2M
154% of total assets
Concern: liabilities are 154% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$2.0M
To programs
83%
Net assets
−$2.2M
By yearFY2020–FY2021
Revenue
$1.6M
FY2020
Revenue by fiscal year
FY2020$1.6M
FY2021$1.6M
Expenses
$2.0M
FY2020
Expenses by fiscal year
FY2020$2.0M
FY2021$2.0M
Net assets
−$2.2M
FY2020
Net assets by fiscal year
FY2020−$2.2M
FY2021−$2.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.7M Management & general 17% · $346K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Housing 2000 Hdfc executive salaries →

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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 15aYes

Programs and updates

Provides affordable housing by managing and leasing low-income apartments.

Provided by the organization

This section is blank until Housing 2000 Hdfc claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

Provide low income housing units in the harlem section of new york city

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$3K
Investment incomeLn 3$2K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.7M
Managementcol C$346K
Owns and owesPt X
−$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$4.1M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$2K
Other incomeLn 4–11$3K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$161K
Cash and savings togetherLn 1–2$161K
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$400K
Total assetsLn 16$4.1M
LiabilitiesLn 26$6.2M
Net assetsLn 32−$2.2M
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$288K$161K
Land, buildings, equipmentLn 10c$3.5M$3.2M
Total assetsLn 16$4.4M$4.1M
LiabilitiesLn 26$6.1M$6.2M
Net assetsLn 32−$1.7M−$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$287K$271K$16K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$39K$39K
Payroll taxesLn 10$21K$21K
Management feesLn 11a$107K$107K
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$27K$27K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$67K$67K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$341K$341K
InsuranceLn 23$126K$126K
Other expenses (24a–d)Ln 24$954K$823K$131K
All other expensesLn 24e$0
Total functional expensesLn 25$2.0M$1.7M$346K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $1.6M$2.0M−$347K−$2.5M 990 PDF
FY2020 Viewing $1.6M$2.0M−$452K−$2.2M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,581,888 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,577,434$1,577,434
VIII-3 Investment incomeRelated to mission $1,652$1,652
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,802$2,802
VIII-12 Total revenueRelated to mission $1,581,888$1,581,888
Part IX · Statement of functional expenses $2,033,586 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $270,991 · Management $15,720$286,711
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $38,594$38,594
IX-10 Payroll taxesPrograms $20,731$20,731
IX-11a Management feesManagement $107,496$107,496
IX-11b Legal feesManagement $48,521$48,521
IX-11c Accounting feesManagement $17,000$17,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $26,615$26,615
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $66,868$66,868
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $341,227$341,227
IX-23 InsurancePrograms $126,171$126,171
IX-24 Other expenses (24a–d)Programs $823,040 · Management $130,612$953,652
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,687,622 · Management $345,964 · Fundraising $0$2,033,586
Part X · Balance sheet $4,058,834 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $288,375$161,401
X-4 Accounts receivableStart of year $142,013$234,968
X-9 Prepaid expenses and deferred chargesStart of year $83,137$82,951
X-10c Land, buildings and equipment, netStart of year $3,507,322$3,179,108
X-15 Other assetsStart of year $399,419$400,406
X-16 Total assetsStart of year $4,420,266$4,058,834
X-17 Accounts payable and accrued expensesStart of year $598,548$755,790
X-19 Deferred revenueStart of year $21,515$16,809
X-25 Other liabilitiesStart of year $284,189$286,490
X-26 Total liabilitiesStart of year $6,148,414$6,238,680
X-27 Net assets without donor restrictionsStart of year −$1,728,148−$2,179,846
X-32 Total net assets or fund balancesStart of year −$1,728,148−$2,179,846
X-33 Total liabilities and net assetsStart of year $4,420,266$4,058,834
Part XI · Reconciliation of net assets −$2,179,846 net assets at year end
XI-1 Total revenue$1,581,888
XI-2 Total expenses$2,033,586
XI-3 Revenue less expenses−$451,698
XI-4 Net assets at start of year−$1,728,148
XI-10 Net assets at end of year−$2,179,846

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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