Community Services Housing Development Corporation

Nonprofit profile at a glance

EIN
112598992
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Brooklyn, NY, USA
Phone
6467945961
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$17,948
Expenses
$53,484
Assets
$1,983,114
Liabilities
$67,791

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

Leadership & pay

4 people listed

Highest reported compensation

  • Albion Liburd (Executive Dir.): $9,231 total reported compensation

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

Overview

Mission

The stabilization of the community's housing stock through the development of low- and moderate income housing, with the creation of ancillary social service programs thereby enabling community residents and tenants to have safe, clean and affordable housing, and services that increase the quality of life for the community

What it reported doing in 2024

CSHDC operated a Food Pantry that provided food, with a goal of three meals for three days for a family of four. CSHDC met the food needs of an average of 2,200 individuals a month, including over 900 children, who were able to supplement their diet through the operation of the Food Pantry. During the winter months, November to January, CSHDC operated a Winter Coat Program where we provided over 150 winter coats to community residents, men, women, and children. The organization operated both programs though participation in municipally funded programs. The Food Pantry and the Winter Coat Program were provided without fee to our residents and community.Tax Preparation Program - CSHDC, through participation with the Food Bank of NYC VITA/TCE program, offered free tax preparation services to the community. CSHDC completes two courses through the IRS, Standards of Conduct, and an Intake/Interview to meet the qualification for participation. This year we completed federal, state, and local returns for over 150 individuals and families. The program operates from January to April and is funded by CSHDC through its own resource.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 37
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -198%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 37.08; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 17.3%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 43rd percentile among comparable filings
  • Revenue growth: -27.3% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 9.1% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.7% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $44K in reported program spending
  • Leadership: top reported pay $9K · 4 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.