Beverly's Place Housing Development Fund Corporation

Nonprofit profile at a glance

EIN: 474052817
IRS 990-EZ coverage: 2019–2024
Forms available: Form 990-EZ 2024
Location: Brooklyn, NY, USA
Phone: 7188020666
Rating confidence: Limited
Sector: Single Organization Support

Reported finances

Revenue: $0
Expenses: $0
Assets: $80,000
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

DOUGLAS BROOKS (PRESIDENT & CEO)

People named in this filing

LAWANDA A JACKSON ESQ (BOARD MEMBER)
ANNETTE SMITH (BOARD MEMBER)
GARRY BOUCHER ESQ (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Beverly's place housing development fund corporation (the "corporation") was formed as a New York not for profit corporation to develop housing exclusively for persons of low income. The corporation has developed and is operating a site located at 402-422 snediker avenue, brooklyn, New York as 75 apartments and community space (the "facility"). All residents are low income individuals with incomes at or below 60% of ami ( "low income residents"), many of whom are formerly homeless. The corporation has entered into regulatory arrangements with the New York department of housing preservation and development which requires that the housing remain affordable to low income residents.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

Financial Efficiency: NotEnoughData
Transparency & Controls: 41
Sustainability: 8
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: Limited
Program expense ratio: Limited

Transparency & Controls

Consistency checks: 50%; rating input score 50; 0th percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: Limited
Total-asset coverage ratio: Limited
Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
Officer compensation ratio: Limited

Growth

Program expense growth: Limited
Revenue growth: -85.7% per year; rating input score 0; 3rd percentile among comparable filings
Asset growth: 0% per year; rating input score 100; 38th percentile among comparable filings

Details

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment
Leadership: top reported pay $0 · 9 people listed
Consistency: 5 of 6 current checks pass · 1 finding to review
Schedules: 1 filed schedules
Filing history: 6 filing years from 2019 to 2024
Contacts: How to reach this organization
Related organizations: Filed and resolved organization relationships.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
High — Growth: Revenue growth scored 0/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.