Beatrice C Catullo Residence Housing Development Fund Corp
- Assets
- $11.3m
- Revenue
- $919.7k
- Investments
- $0.0
- Employees
- 13
- Location
- Bronx, NY
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 25-1908568
Organization Overview
Beatrice C Catullo Residence Housing Development Fund Corp is located in Bronx, NY. The organization was established in 2005. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Beatrice C Catullo Residence Housing Development Fund Corp employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beatrice C Catullo Residence Housing Development Fund 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 12/2022, Beatrice C Catullo Residence Housing Development Fund Corp generated $919.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO THE LOW INCOME, ELDERLY AND DISABLED POPULATION OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 83 UNITS OF AFFORDABLE HOUSING TO THE LOW INCOME, ELDERLY OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Anderson Torres President/ceo | OfficerTrustee | 5 | $0 |
Marciana Zenaida Roger Chairperson | OfficerTrustee | 1 | $0 |
Munesh Jagnandan Treasurer | OfficerTrustee | 1 | $0 |
Nelson Quinones Secretary | OfficerTrustee | 1 | $0 |
Billy Toci Chief Financial Officer | Officer | 5 | $0 |
Kathleen Torres Executive Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New York Plumbing Plumbing Services | 12/30/21 | $225,740 |
Building Security Services Inc Security Services | 12/30/21 | $183,391 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $625,072 |
| 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 | $625,072 |
| Total Program Service Revenue | $290,621 |
| Investment income | $87 |
| 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 | $919,678 |
| 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 | $82,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,118 |
| Fees for services: Management | $73,735 |
| Fees for services: Legal | $1,341 |
| Fees for services: Accounting | $28,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,014 |
| Advertising and promotion | $0 |
| Office expenses | $17,678 |
| Information technology | $6,717 |
| Royalties | $0 |
| Occupancy | $345,694 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,789 |
| Insurance | $4,154 |
| All other expenses | $0 |
| Total functional expenses | $1,293,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,038 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,938,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,186,724 |
| Total assets | $11,347,037 |
| Accounts payable and accrued expenses | $647,580 |
| Grants payable | $0 |
| Deferred revenue | $5,414 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,425 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,840,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $442,368 |
| Total liabilities | $13,957,887 |
| Net assets without donor restrictions | -$2,610,850 |
| 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 | $11,347,037 |