Mins Court Housing Company Inc
- Assets
- $4.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-3931968
Organization Overview
Mins Court Housing Company Inc is located in Bronx, NY. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mins Court Housing Company Inc 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 12/2021, Mins Court Housing Company Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
TO DEVELOP AND MAINTAIN A HOUSING PROJECT FOR MODERATE AND MIDDLE INCOME FAMILIES IN NEW YORK STATE UNDER THE STATE'S MITCHELL-LAMA PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROJECT - 84 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen S Melero Vice Chair | OfficerTrustee | 1 | $0 |
Marybeth Hotaling Treasurer | OfficerTrustee | 1 | $0 |
Eliezer Rodriguez ESQ Chair | OfficerTrustee | 1 | $0 |
Gilbert Hernandez Secretary | OfficerTrustee | 1 | $0 |
Raul Russi President And CEO | Officer | 0 | $0 |
Lymaris Albors Chief Executive Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,492 |
| 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 | $191,492 |
| Total Program Service Revenue | $1,633,271 |
| Investment income | $0 |
| 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 | $1,835,817 |
| 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 | $73,578 |
| Fees for services: Legal | $12,571 |
| Fees for services: Accounting | $33,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,259,929 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,612 |
| Insurance | $210,234 |
| All other expenses | $119,898 |
| Total functional expenses | $2,143,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,027 |
| 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 | $16,217 |
| Net Land, buildings, and equipment | $3,203,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $735,454 |
| Total assets | $4,223,400 |
| Accounts payable and accrued expenses | $436,455 |
| Grants payable | $0 |
| Deferred revenue | $13,845 |
| 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 | $4,297,817 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,096 |
| Total liabilities | $4,897,213 |
| Net assets without donor restrictions | -$673,813 |
| 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 | $4,223,400 |
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Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
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Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
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