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Lenox and Pennamon Hdfc

Queens Village, NYUnknown exempt organization EIN 27-0409163Revenue $2.1M in FY2023

On file with the IRS221-10 Jamaica Avenue 3rd Floor · Queens Village, NY

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With community residents leading the way, the mission of Lenox and Pennamon Hdfc is to build a strong, sustainable central harlem community, where youth and adults achieve educational and economic success, secure affordable housing, and develop leadership skills to transfom their lives and community.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $740K a year · 57% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+22% vs prior year
Spent
$3.9M
To programs
100%
Net assets
$0
By yearFY2020–FY2023
Revenue
$2.1M
FY2023▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$711K
FY2021$682K
FY2022$1.7M
FY2023$2.1M
Expenses
$3.9M
FY2023▲ +81%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$886K
FY2022$2.1M
FY2023$3.9M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$1.3M
FY2023$0

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.9M

Form 990 Part IX, line 25. 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
Jerome White
Board Chair
$0Pt VII · Sec A
Bill Fried
Secretary
$0Pt VII · Sec A
Darlene Moore
Treasurer
$0Pt VII · Sec A
See Lenox and Pennamon 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

Empowers Central Harlem residents to build a strong community through education, economic success, and leadership.

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Provided by the organization

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1 program · $3.9M · in their own filed words · FY2023
01

Provide affordable housing to individuals and families of low income.

$3.9Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Investment incomeLn 3$2.1M
Fees for servicesLn 2g$4K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.9M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4K
Investment incomeLn 3$2.1M
Gains on assetsLn 7$2.1M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$3K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.5M$0
Total assetsLn 16$4.5M$0
LiabilitiesLn 26$3.2M$0
Net assetsLn 32$1.3M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$20K$20K
Other expenses (24a–d)Ln 24$3.8M$3.8M
Total functional expensesLn 25$3.9M$3.9M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $2.1M$3.9M−$1.8M$0 990 PDF
FY2022 $1.7M$2.1M−$431K$1.3M 990 PDF
FY2021 $682K$886K−$204K$1.8M 990 PDF
FY2020 $711K$1.3M−$543K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,081,576 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $969,286$0
I-9 Program service revenuePrior year $735,075$3,501
I-10 Investment incomePrior year $0$2,078,075
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,704,361$2,081,576
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $198,707$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,936,310$3,864,393
I-18 Total expensesPrior year $2,135,017$3,864,393
I-19 Revenue less expensesPrior year −$430,656−$1,782,817
Part VI · Governance 0 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
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 $2,081,576 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,501$3,501
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,078,075$2,078,075
VIII-12 Total revenueRelated to mission $2,081,576 · Unrelated business $0 · Excluded from tax $0$2,081,576
Part IX · Statement of functional expenses $3,864,393 across 2 lines filed
IX-22 Depreciation, depletion and amortizationPrograms $20,434$20,434
IX-24 Other expenses (24a–d)Programs $3,843,959$3,843,959
IX-25 Total functional expensesPrograms $3,864,393 · Management $0 · Fundraising $0$3,864,393
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $3,359$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $317,417$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $412,075$0
X-10c Land, buildings and equipment, netStart of year $3,540,370$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $251,350$0
X-16 Total assetsStart of year $4,524,571$0
X-25 Other liabilitiesStart of year $449,346$0
X-26 Total liabilitiesStart of year $3,185,006$0
X-28 Net assets with donor restrictionsStart of year $1,339,565$0
X-32 Total net assets or fund balancesStart of year $1,339,565$0
X-33 Total liabilities and net assetsStart of year $4,524,571$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$2,081,576
XI-2 Total expenses$3,864,393
XI-3 Revenue less expenses−$1,782,817
XI-4 Net assets at start of year$1,339,565
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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