philanthropy.org | 990 Resource | FAQ Verify your organization
Sign in

Bremond King Davis

New York, NYUnknown exempt organization EIN 47-3791580Revenue $958K in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSaafe.orgNew York, NY

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

The organization was established for the purpose of developing, on a non-profit basis, a housing project for persons of low income in new york city where no adequate housing exists for such persons.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-3791580) · Dispute this line
92¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · 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
0 of 2
filings with a surplus
Average deficit $722K a year · 78% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.5 mo
of spending, in cash
1.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.0M
129% of total assets
Liabilities are 129% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 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
$958K
+6% vs prior year
Spent
$1.7M
To programs
92%
Net assets
−$1.4M
By yearFY2021–FY2022
Revenue
$958K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$902K
FY2022$958K
Expenses
$1.7M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.6M
FY2022$1.7M
Net assets
−$1.4M
FY2022▼ -121%
Tap a bar for its year
Net assets by fiscal year
FY2021−$615K
FY2022−$1.4M

From the FY2022 Form 990 · see the original

Visit site Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.6M Management & general 8% · $129K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Hsueh Lam Yan
Secretary
$0Pt VII · Sec A
Jennifer Sun
Co-Executive Director (outgoing)
$0Pt VII · Sec A
Nelson Chan
Treasurer
$0Pt VII · Sec A
Thomas Yu
Executive Director
$0Pt VII · Sec A
Joy Suzanne Granado
Chief Accounting Officer
$0Pt VII · Sec A
See Bremond King Davis 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 affordable housing for low-income New Yorkers lacking adequate homes.

Questions for Bremond King Davis

Tap to ask. Bremond King Davis sees how many people are interested.

Your first name shows with your question. Bremond King Davis answers here, for everyone.

1 program · $1.6M · in their own filed words · FY2022
01

Operates a low-income housing building.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-3791580) · Dispute this line
$1.6Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$958K
Ln 12
Fees for servicesLn 2g$947K
Investment incomeLn 3$10K
Other incomeLn 4–11$806
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$129K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$4.6M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$947K
Investment incomeLn 3$10K
Other incomeLn 4–11$806
Total revenueLn 12$958K
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
Accounts receivableLn 4$113K
Prepaid expenses and deferred chargesLn 9$67K
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$1.2M
Total assetsLn 16$4.6M
LiabilitiesLn 26$6.0M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY22End FY22
Cash and savingsLn 1–2$260K$219K
Land, buildings, equipmentLn 10c$3.8M$3.1M
Total assetsLn 16$5.4M$4.6M
LiabilitiesLn 26$6.0M$6.0M
Net assetsLn 32−$615K−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$112K$112K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$24K$24K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$73K$73K
Other fees for servicesLn 11g$21K$21K
Office expensesLn 13$3K$3K
OccupancyLn 16$268K$268K
InterestLn 20$24K$24K
Depreciation, depletion and amortizationLn 22$732K$732K
InsuranceLn 23$86K$86K
Other expenses (24a–d)Ln 24$319K$190K$129K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$1.7M$1.6M$129K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Oct 25, 2023 $958K$1.7M−$744K−$1.4M 990 PDF
FY2021Filed with the IRS Nov 4, 2022 $902K$1.6M−$700K−$615K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $958,111 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $852,667$947,367
I-10 Investment incomePrior year $4,450$9,938
I-11 Other revenuePrior year $44,709$806
I-12 Total revenuePrior year $901,826$958,111
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 $141,654$151,342
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,460,581$1,550,926
I-18 Total expensesPrior year $1,602,235$1,702,268
I-19 Revenue less expensesPrior year −$700,409−$744,157
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $958,111 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $947,367$947,367
VIII-3 Investment incomeExcluded from tax $9,938$9,938
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $806$806
VIII-12 Total revenueRelated to mission $948,173 · Unrelated business $0 · Excluded from tax $9,938$958,111
Part IX · Statement of functional expenses $1,702,268 across 14 lines filed
IX-7 Other salaries and wagesPrograms $111,554$111,554
IX-8 Pension plan contributionsPrograms $1,032$1,032
IX-9 Other employee benefitsPrograms $23,692$23,692
IX-10 Payroll taxesPrograms $15,064$15,064
IX-11b Legal feesPrograms $13,928$13,928
IX-11c Accounting feesPrograms $73,191$73,191
IX-11g Other fees for servicesPrograms $20,650$20,650
IX-13 Office expensesPrograms $3,372$3,372
IX-16 OccupancyPrograms $267,983$267,983
IX-20 InterestPrograms $24,303$24,303
IX-22 Depreciation, depletion and amortizationPrograms $731,929$731,929
IX-23 InsurancePrograms $85,629$85,629
IX-24 Other expenses (24a–d)Programs $190,379 · Management $128,537$318,916
IX-24e All other expensesPrograms $11,025$11,025
IX-25 Total functional expensesPrograms $1,573,731 · Management $128,537 · Fundraising $0$1,702,268
Part X · Balance sheet $4,629,539 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $260,055$218,570
X-4 Accounts receivableStart of year $111,720$112,728
X-9 Prepaid expenses and deferred chargesStart of year $40,064$66,507
X-10c Land, buildings and equipment, netStart of year $3,785,385$3,051,908
X-15 Other assetsStart of year $1,171,842$1,179,826
X-16 Total assetsStart of year $5,369,066$4,629,539
X-17 Accounts payable and accrued expensesStart of year $96,533$77,365
X-23 Secured mortgages and notes payableStart of year $5,837,640$5,837,640
X-25 Other liabilitiesStart of year $49,558$73,356
X-26 Total liabilitiesStart of year $5,983,731$5,988,361
X-27 Net assets without donor restrictionsStart of year −$368,799−$815,293
X-28 Net assets with donor restrictionsStart of year −$245,866−$543,529
X-32 Total net assets or fund balancesStart of year −$614,665−$1,358,822
X-33 Total liabilities and net assetsStart of year $5,369,066$4,629,539
Part XI · Reconciliation of net assets −$1,358,822 net assets at year end
XI-1 Total revenue$958,111
XI-2 Total expenses$1,702,268
XI-3 Revenue less expenses−$744,157
XI-4 Net assets at start of year−$614,665
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,358,822

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →