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Prospect Place Housing Development FY2020 filing

Bronx, NYUnknown exempt organization EIN 13-3819621Revenue $306K in FY2020Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSBronx, NY

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To provide low income Housing to low and moderate income families.

91¢ of each $1 spent went to programs.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $19K a year · 7% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 1% of spending
Pay to officers and key staff is 1% of spending.
Part VII, Section A
Cash reserves
8.4 mo
of spending, in cash
8.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$90K
19% of total assets
Liabilities are 19% of assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
5 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$306K
Spent
$301K
To programs
91%
Net assets
$375K
By yearFY2020–FY2022
Revenue
$306K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$306K
FY2021$321K
FY2022$158K
Expenses
$301K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$301K
FY2021$325K
FY2022$218K
Net assets
$375K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$375K
FY2021$372K
FY2022$0

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $273K Management & general 9% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990; $4K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Jason Boroff
Vice Chair/T
$3,914Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steven Seltzer
Executive Di
$0Pt VII · Sec A
Gaudi Mendoza
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2021FY2020
Jason Boroff$2,664$3,914

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.

See Prospect Place Housing Development 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and provides affordable homes for low and moderate-income families.

Questions for Prospect Place Housing Development

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1 program · $273K · in their own filed words · FY2019
01

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

$273Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$306K
Ln 12
Fees for servicesLn 2g$306K
Investment incomeLn 3$54
Other incomeLn 4–11$10
Money outPt IX
$301K
Ln 25
Programscol B$273K
Managementcol C$28K
Owns and owesPt X
$375K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$466K
LiabilitiesLn 26$90K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$306K
Investment incomeLn 3$54
Other incomeLn 4–11$10
Total revenueLn 12$306K
Assets in detailPt X, end of year
CashLn 1$182K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$210K
Accounts receivableLn 4$86K
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$142K
Other assetsLn 15$22K
Total assetsLn 16$466K
LiabilitiesLn 26$90K
Net assetsLn 32$375K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$211K$210K
Land, buildings, equipmentLn 10c$182K$142K
Total assetsLn 16$459K$466K
LiabilitiesLn 26$88K$90K
Net assetsLn 32$371K$375K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$32K$32K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$20K$20K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$239$239
OccupancyLn 16$95K$95K
Depreciation, depletion and amortizationLn 22$41K$41K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$52K$52K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$301K$273K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS May 11, 2023 $158K$218K−$59K$0 990 PDF
FY2021Filed with the IRS Apr 19, 2022 $321K$325K−$3K$372K 990 PDF
FY2020 ViewingFiled with the IRS May 13, 2021 $306K$301K$5K$375K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $305,651 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $302,834$305,587
I-10 Investment incomePrior year $164$54
I-11 Other revenuePrior year $2,740$10
I-12 Total revenuePrior year $305,738$305,651
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $41,359$48,815
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $258,316$252,284
I-18 Total expensesPrior year $299,675$301,099
I-19 Revenue less expensesPrior year $6,063$4,552
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 $305,651 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $305,587$305,587
VIII-3 Investment incomeRelated to mission $54$54
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10$10
VIII-12 Total revenueRelated to mission $305,651$305,651
Part IX · Statement of functional expenses $301,099 across 12 lines filed
IX-7 Other salaries and wagesPrograms $31,534$31,534
IX-9 Other employee benefitsPrograms $14,189$14,189
IX-10 Payroll taxesPrograms $3,092$3,092
IX-11a Management feesManagement $20,471$20,471
IX-11b Legal feesPrograms $4,737$4,737
IX-11c Accounting feesManagement $8,000$8,000
IX-11g Other fees for servicesPrograms $239$239
IX-16 OccupancyPrograms $94,772$94,772
IX-22 Depreciation, depletion and amortizationPrograms $40,871$40,871
IX-23 InsurancePrograms $28,727$28,727
IX-24 Other expenses (24a–d)Programs $52,172$52,172
IX-24e All other expensesPrograms $2,295$2,295
IX-25 Total functional expensesPrograms $272,628 · Management $28,471 · Fundraising $0$301,099
Part X · Balance sheet $465,571 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $183,353$182,453
X-2 Savings and temporary cash investmentsStart of year $27,541$27,495
X-4 Accounts receivableStart of year $49,327$85,761
X-9 Prepaid expenses and deferred chargesStart of year $5,995$6,076
X-10c Land, buildings and equipment, netStart of year $182,409$141,538
X-15 Other assetsStart of year $10,572$22,248
X-16 Total assetsStart of year $459,197$465,571
X-17 Accounts payable and accrued expensesStart of year $27,862$30,655
X-21 Escrow or custodial accountsStart of year $10,572$10,496
X-24 Unsecured notes and loans payableStart of year $44,707$43,741
X-25 Other liabilitiesStart of year $5,322$5,393
X-26 Total liabilitiesStart of year $88,463$90,285
X-27 Net assets without donor restrictionsStart of year $370,734$375,286
X-32 Total net assets or fund balancesStart of year $370,734$375,286
X-33 Total liabilities and net assetsStart of year $459,197$465,571
Part XI · Reconciliation of net assets $375,286 net assets at year end
XI-1 Total revenue$305,651
XI-2 Total expenses$301,099
XI-3 Revenue less expenses$4,552
XI-4 Net assets at start of year$370,734
XI-10 Net assets at end of year$375,286

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

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