Harbor Side Apartments Housing Development Fund Corporation
Nonprofit profile at a glance
- EIN
- 990556744
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025
- Location
- Valhalla, NY, USA
- Phone
- 9144285600
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $0
- Expenses
- $619,182
- Assets
- $3,481,958
- Liabilities
- $4,505,675
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- ASHLEY BRODY (CEO)
Highest reported compensation
- ASHLEY BRODY (CEO): $222,672 total reported compensation
- THOMAS WATSON (CFO THROUGH SEPT. 2025): $165,507 total reported compensation
- KATE JANCOVIC (CLINICAL DIRECTOR): $157,855 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop a housing project for persons of low income in mamaroneck, New York.
What it reported doing in 2025
Developing a housing project for persons of low income in mamaroneck, New York.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 60
- Accountability: 91
- Sustainability: 17
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 5.62; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 1.29; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 24.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 34.5% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: Limited
- Asset growth: 6.4% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 89.1% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $552K in reported program spending
- Leadership: top reported pay $223K · 15 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Related organizations: 4 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 8/100.