Mapes Boulevard H D F C Corp
- Assets
- $2.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 02/1992
- Data as of
- 06/2022
- EIN
- 13-3520270
Organization Overview
Mapes Boulevard H D F C Corp is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Mapes Boulevard H D F C Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mapes Boulevard H D F C Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mapes Boulevard H D F C Corp generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAPES BOULEVARD HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO DEVELOP OWN AND OPERATE A HOUSING PROJECT IN THE BOROUGH OF THE BRONX, NY FOR PERSONS OF LOW INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING TO 91 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Weinstein President/ceo | OfficerTrustee | 1 | $0 |
James Robert Pigott Jr Vice President And Secretary | OfficerTrustee | 1 | $0 |
Brian Bricker Treasurer | OfficerTrustee | 1 | $0 |
Michael Wadman VP Property Development | Officer | 1 | $0 |
Matthew Kelly VP Property Development | Officer | 1 | $0 |
Lloyd Zuckerberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,020,884 |
| Investment income | $1,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,046,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,387 |
| Pension plan accruals and contributions | $7,860 |
| Other employee benefits | $28,408 |
| Payroll taxes | $20,643 |
| Fees for services: Management | $79,119 |
| Fees for services: Legal | $4,168 |
| Fees for services: Accounting | $22,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,473 |
| Advertising and promotion | $0 |
| Office expenses | $24,967 |
| Information technology | $6,981 |
| Royalties | $0 |
| Occupancy | $283,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,319 |
| Insurance | $40,534 |
| All other expenses | $0 |
| Total functional expenses | $1,068,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $198,319 |
| Net Land, buildings, and equipment | $1,328,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $322,543 |
| Total assets | $2,055,062 |
| Accounts payable and accrued expenses | $448,371 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,212,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,970 |
| Total liabilities | $7,752,120 |
| Net assets without donor restrictions | -$5,697,058 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,055,062 |
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