Civic Intelligence

The Putnam Community Foundation Inc

EIN 06-1573024 • 501(c)3 • Brewster, NY

Profile

To build and maintain senior housing in the hudson valley new york area, as part of its purpose of promoting the well being of the residents of putnam county and the hudson valley, and to otherwise support the local communities.

50 Main StreetBrewster, NY 10509

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.06x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

4th percentile

-99%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-89%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$839,471

Down $6,993,265 (-89%) from 2022

Liabilities

Down

$6,301

Down $1,665,895 (-100%) from 2022

Net Assets

Down

$833,170

Down $5,327,370 (-86%) from 2022

Revenue

Down

$113,894

Down $424,320 (-79%) from 2022

Expenses

Down

$226,624

Down $481,982 (-68%) from 2022

Net Income

Up

-$112,730

Up $57,662 (+34%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $15,367,286Liabilities 2011: $2,941,107Net Assets 2011: $12,426,1792011Assets 2012: $15,169,234Liabilities 2012: $2,964,325Net Assets 2012: $12,204,9092012Assets 2013: $15,160,199Liabilities 2013: $3,176,492Net Assets 2013: $11,983,7072013Assets 2014: $11,781,551Liabilities 2014: $3,270,688Net Assets 2014: $8,510,8632014Assets 2015: $9,702,992Liabilities 2015: $2,015,415Net Assets 2015: $7,687,5772015Assets 2016: $9,419,018Liabilities 2016: $1,932,429Net Assets 2016: $7,486,5892016Assets 2017: $9,099,460Liabilities 2017: $1,834,889Net Assets 2017: $7,264,5712017Assets 2018: $8,840,716Liabilities 2018: $1,778,631Net Assets 2018: $7,062,0852018Assets 2019: $8,585,693Liabilities 2019: $1,739,986Net Assets 2019: $6,845,7072019Assets 2020: $8,320,011Liabilities 2020: $1,738,661Net Assets 2020: $6,581,3502020Assets 2021: $8,089,000Liabilities 2021: $1,758,068Net Assets 2021: $6,330,9322021Assets 2022: $7,832,736Liabilities 2022: $1,672,196Net Assets 2022: $6,160,5402022Assets 2023: $839,471Liabilities 2023: $6,301Net Assets 2023: $833,1702023

Highlighted filing

2023

Assets$839,471
Liabilities$6,301
Net Assets$833,170

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $1,279,763Expenses 2011: $729,956Net Income 2011: $549,8072011Revenue 2012: $475,167Expenses 2012: $696,437Net Income 2012: -$221,2702012Revenue 2013: $466,055Expenses 2013: $687,257Net Income 2013: -$221,2022013Revenue 2014: $480,485Expenses 2014: $3,953,329Net Income 2014: -$3,472,8442014Revenue 2015: $482,728Expenses 2015: $1,306,014Net Income 2015: -$823,2862015Revenue 2016: $494,975Expenses 2016: $695,963Net Income 2016: -$200,9882016Revenue 2017: $482,088Expenses 2017: $704,106Net Income 2017: -$222,0182017Revenue 2018: $514,392Expenses 2018: $716,878Net Income 2018: -$202,4862018Revenue 2019: $505,892Expenses 2019: $722,270Net Income 2019: -$216,3782019Revenue 2020: $502,203Expenses 2020: $766,560Net Income 2020: -$264,3572020Revenue 2021: $531,628Expenses 2021: $782,046Net Income 2021: -$250,4182021Revenue 2022: $538,214Expenses 2022: $708,606Net Income 2022: -$170,3922022Revenue 2023: $113,894Expenses 2023: $226,624Net Income 2023: -$112,7302023

Highlighted filing

2023

Revenue$113,894
Expenses$226,624
Net Income-$112,730

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.01$0.83$0.11$0.23$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.83$1.67$6.16$0.54$0.71$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$1.76$6.33$0.53$0.78$0.25
2020Detailed filing. Detailed filing data is available for this year.$8.32$1.74$6.58$0.50$0.77$0.26
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.59$1.74$6.85$0.51$0.72$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.84$1.78$7.06$0.51$0.72$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.10$1.83$7.26$0.48$0.70$0.22
2016Detailed filing. Detailed filing data is available for this year.$9.42$1.93$7.49$0.49$0.70$0.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.70$2.02$7.69$0.48$1.31$0.82
2014Detailed filing. Detailed filing data is available for this year.$11.8$3.27$8.51$0.48$3.95$3.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$3.18$12.0$0.47$0.69$0.22
2012Summary only. Only limited summary data is available for this year.$15.2$2.96$12.2$0.48$0.70$0.22
2011Summary only. Only limited summary data is available for this year.$15.4$2.94$12.4$1.28$0.73$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Oct 20, 2023
Return Version
2022v5.0
Gross Receipts
$113,894
Mission and Program Overview

Mission

To build and maintain senior housing in the hudson valley new york area, as part of its purpose of promoting the well being of the residents of putnam county and the hudson valley, and to otherwise support the local communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,657,252--
Cash and Non-Interest-Bearing Accounts$139,200$839,471▲ $700,271
Intangible Assets$20,695--
Prepaid Expenses and Deferred Charges$10,954--
Accounts Receivable$4,635--
Total Assets$7,832,736$839,471▼ $6,993,265
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,519,852--
Other Liabilities$78,360--
Accounts Payable and Accrued Expenses$72,261$6,301▼ $65,960
Deferred Revenue$1,723--
Total Liabilities$1,672,196$6,301▼ $1,665,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,160,540$833,170▼ $5,327,370
Total Net Assets Fund Balance$6,160,540$833,170▼ $5,327,370
Total Liabilities and Net Assets / Fund Balance$7,832,736$839,471▼ $6,993,265
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph DivesteaChairman
Barbara BranganDirector
Corrinne DivesteaDirector
Edward IslerDirector
Pamela CapassoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$113,894
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-112,730

Audited Revenue Reconciliation

Revenue per Audited Statements
$113,894
Total Revenue per Audited Statements
$113,894
Total Revenue per Form 990
$113,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,564
Salaries, Compensation, and Employee Benefits$25,060
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$3,300$31,081-$34,381
Other Salaries and Wages$11,882$11,881-$23,763
Depreciation Depletion$20,695--$20,695
Insurance$9,292$1,105-$10,397
Interest$9,497--$9,497
Other Expenses$1,671$6,294-$7,965
All Other Expenses$2,293--$2,293
Office Expenses$437$1,067-$1,504
Payroll Taxes$700$597-$1,297
Total Functional Expenses$174,599$52,025$0$226,624

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$226,624
Expenses per Audited Statements$206,953
Total Expenses per Audited Statements$206,953
Expenses Not Reported on Financial Statements$19,671
Other Expense Adjustments$19,671
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Putnam Community Foundation
EIN
06-1573024
Phone
8458782600
Address
50 MAIN STREET, BREWSTER, NY 10509

Signing Officer

Name
Joseph Divestea
Title
Chairman
Phone
8455194345
Signed
2023-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Divestea
Formed
1999
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Bloom and Streit Llp
Address
2900 WESTCHESTER AVENUE SUITE 303, PURCHASE, NY 10577-2537
Preparer
Mark Cohen
Phone
9142538484
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build and maintain senior housing in the hudson valley new york area, as part of its purpose of promoting the well being of the residents of putnam county and the hudson valley, and to otherwise support the local communities.

Form 990, Part XI, Line 9

Disposition of property -5,214,640

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 19,671

Raw XML Appendix329 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 19,671
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt0226624
IRS990ScheduleD/TotalRevenuePerForm990Amt0113894
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0113894
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0206953
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO BUILD AND MAINTAIN SENIOR HOUSING IN THE HUDSON VALLEY NEW YORK AREA, AS PART OF ITS PURPOSE OF PROMOTING THE WELL BEING OF THE RESIDENTS OF PUTNAM COUNTY AND THE HUDSON VALLEY, AND TO OTHERWISE SUPPORT THE LOCAL COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISPOSITION OF PROPERTY -5,214,640
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07832736
IRS990/TotalAssetsEOYAmt0839471
IRS990/TotalAssetsGrp/BOYAmt07832736
IRS990/TotalAssetsGrp/EOYAmt0839471
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052025
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0174599
IRS990/TotalFunctionalExpensesGrp/TotalAmt0226624
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01672196
IRS990/TotalLiabilitiesEOYAmt06301
IRS990/TotalLiabilitiesGrp/BOYAmt01672196
IRS990/TotalLiabilitiesGrp/EOYAmt06301
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06160540
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0833170
IRS990/TotalProgramServiceExpensesAmt0174599
IRS990/TotalProgramServiceRevenueAmt0113894
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113894
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0113894
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07832736
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0839471
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O PCF
IRS990/USAddress/AddressLine2Txt050 MAIN STREET
IRS990/USAddress/CityNm0BREWSTER
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010509
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH DIVESTEA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08455194345
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PUTNAM COMMUNITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PUTN
ReturnHeader/Filer/EIN0061573024
ReturnHeader/Filer/PhoneNum08458782600
ReturnHeader/Filer/USAddress/AddressLine1Txt050 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0BREWSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010509
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131922464
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLOOM AND STREIT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02900 WESTCHESTER AVENUE SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PURCHASE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0105772537
ReturnHeader/PreparerPersonGrp/PhoneNum09142538484
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK COHEN
ReturnHeader/ReturnTs02023-10-29T08:19:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DIVESTEA
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

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