2247 Webster Avenue Hdfc FY2020 filing

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To provide low income to modertae income housing opportunities for the community

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $12K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
35 mo
of spending, in cash
Looks good: 35.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
Spent
$289K
To programs
78%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$318K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$318K
FY2021$294K
FY2022$315K
FY2023$340K
FY2024$327K
Expenses
$289K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$289K
FY2021$311K
FY2022$330K
FY2023$349K
FY2024$376K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$999K
FY2022$984K
FY2023$975K
FY2024$927K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2001.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $225K Management & general 22% · $64K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See 2247 Webster Avenue Hdfc executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds affordable homes for low and moderate-income families.

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1 program · $225K · in their own filed words · FY2020
01

Revenues are generated by low to moderate income family subsidized rentals occupying the property, therefore mainly rental income derived from those rentals. The associated expenses represent administrative fees, utilities, repair and maintenance, as well as tax and insurance expenses all necessary components to efficiently operate the…

$225Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Fees for servicesLn 2g$310K
Investment incomeLn 3$8K
Money outPt IX
$289K
Ln 25
Programscol B$225K
Managementcol C$64K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$843K
Total assetsLn 16$1.1M
LiabilitiesLn 26$44K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$310K
Investment incomeLn 3$8K
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$584K
SavingsLn 2$259K
Cash and savings togetherLn 1–2$843K
Land, buildings, equipmentLn 10c$124K
Other assetsLn 15$19K
Total assetsLn 16$1.1M
LiabilitiesLn 26$44K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$843K$843K
Land, buildings, equipmentLn 10c$122K$124K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$48K$44K
Net assetsLn 32$986K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$22K$22K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$186$186
Office expensesLn 13$1K$1K
Information technologyLn 14$1K$1K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$214K$214K
Total functional expensesLn 25$289K$225K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $327K$376K−$49K$927K 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $340K$349K−$9K$975K 990 PDF
FY2022Filed with the IRS Nov 6, 2023 $315K$330K−$15K$984K 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $294K$311K−$17K$999K 990 PDF
FY2020 ViewingFiled with the IRS Dec 19, 2021 $318K$289K$30K$1.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $318,217 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $312,278$310,226
I-10 Investment incomePrior year $9,558$7,991
I-11 Other revenue$0
I-12 Total revenuePrior year $321,836$318,217
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $299,143$288,651
I-18 Total expensesPrior year $299,143$288,651
I-19 Revenue less expensesPrior year $22,693$29,566
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $318,217 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,226$310,226
VIII-3 Investment incomeRelated to mission $7,991$7,991
VIII-12 Total revenueRelated to mission $318,217 · Unrelated business $0 · Excluded from tax $0$318,217
Part IX · Statement of functional expenses $288,651 across 9 lines filed
IX-11a Management feesManagement $22,154$22,154
IX-11b Legal feesManagement $10,940$10,940
IX-11c Accounting feesManagement $2,536$2,536
IX-12 Advertising and promotionManagement $186$186
IX-13 Office expensesManagement $1,349$1,349
IX-14 Information technologyManagement $1,456$1,456
IX-22 Depreciation, depletion and amortizationManagement $25,089$25,089
IX-23 InsurancePrograms $11,162$11,162
IX-24 Other expenses (24a–d)Programs $213,779$213,779
IX-25 Total functional expensesPrograms $224,941 · Management $63,710 · Fundraising $0$288,651
Part X · Balance sheet $1,060,440 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $584,354$584,144
X-2 Savings and temporary cash investmentsStart of year $258,615$259,297
X-4 Accounts receivableStart of year $36,419$56,318
X-9 Prepaid expenses and deferred chargesStart of year $16,422$17,859
X-10c Land, buildings and equipment, netStart of year $122,437$124,321
X-15 Other assetsStart of year $16,364$18,501
X-16 Total assetsStart of year $1,034,611$1,060,440
X-17 Accounts payable and accrued expensesStart of year $6,808$10,313
X-25 Other liabilitiesStart of year $41,374$34,132
X-26 Total liabilitiesStart of year $48,182$44,445
X-27 Net assets without donor restrictionsStart of year $986,429$1,015,995
X-32 Total net assets or fund balancesStart of year $986,429$1,015,995
X-33 Total liabilities and net assetsStart of year $1,034,611$1,060,440
Part XI · Reconciliation of net assets $1,015,995 net assets at year end
XI-1 Total revenue$318,217
XI-2 Total expenses$288,651
XI-3 Revenue less expenses$29,566
XI-4 Net assets at start of year$986,429
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,015,995

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

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