Green Cloth Apartments Hdfc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Cloth Apartments Hdfc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Green Cloth Apartments Hdfc generated $175.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $287.9k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREEN CLOTH APARTMENTS HAS BEEN ORGANIZED EXCLUSIVELY TO DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OPERATIONS FOR HOUSING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ingrid Gomez Treasurer | Trustee | 1 | $0 |
Vivian Weeks President | Trustee | 1 | $0 |
Yvonne Stennett Secretary | Trustee | 1 | $0 |
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 | $175,659 |
Investment income | $1 |
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 | $175,660 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $7,983 |
Fees for services: Legal | $2,040 |
Fees for services: Accounting | $4,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $17,209 |
Advertising and promotion | $0 |
Office expenses | $822 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $42,222 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $10,722 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $103,736 |
Insurance | $11,212 |
All other expenses | $4,823 |
Total functional expenses | $287,886 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $33,952 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $41,768 |
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 | $27,115 |
Net Land, buildings, and equipment | $1,585,370 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $49,983 |
Other assets | $77,921 |
Total assets | $1,816,109 |
Accounts payable and accrued expenses | $75,658 |
Grants payable | $0 |
Deferred revenue | $2,431 |
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 | $2,777,635 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $16,373 |
Total liabilities | $2,872,097 |
Net assets without donor restrictions | -$1,055,988 |
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 | $1,816,109 |
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