Southside United Housing Development Fund Corporation
Nonprofit profile at a glance
- EIN
- 112268359
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7183873600
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $8,871,617
- Expenses
- $7,179,002
- Assets
- $14,948,957
- Liabilities
- $2,895,488
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JUAN RAMOS (EXECUTIVE DIRECTOR)
- LENETTE BERRIOS (DEPUTY EXECUTIVE DIRECTOR)
Highest reported compensation
- JUAN RAMOS (EXECUTIVE DIRECTOR): $230,999 total reported compensation
- LENETTE BERRIOS (DEPUTY EXECUTIVE DIRECTOR): $186,329 total reported compensation
- SARA FERNANDEZ (FINANCE DIRECTOR): $164,679 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a growing and satisfaying community with the involvement and participation of the residents of the williamsburg community in the building of a more humane environment.
What it reported doing in 2024
Community development with the growing rates of displacements and gentrification the organization was able to continue to provide housing facilities to over 120 residents in the community.community housing resources the agency organized approximately 600 tenants to obtain better services from their landlords.housing management the organization manages approximately 900 low-income dwelling units to approximately 900 families.social services- the organization provided information and referral services, advocacy, low-income tax help and monthly groceries to approximately 700 families.
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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 64
- Accountability: 79
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 96.5%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.1%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 2.08; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 12.1% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 78.2% of revenue deployed · 96.5% of spending went to programs
- Governance: 16 of 16 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $6.9M in reported program spending
- Leadership: top reported pay $231K · 19 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $364K reported
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 26 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: 3 of 7 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.