Civic Intelligence

The Putnam Community Foundation

990 • Fiscal year 2015 • EIN 06-1573024

Jun 01, 2014 to May 31, 2015 • Filed on Dec 30, 2015

Organization ProfileN/A
50 Main StreetBrewster, NY 10509

(845) 878-2600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.21x

Higher debt load relative to assets than 53% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

4.18x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

2nd percentile

-171%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

5th percentile

-18%

Faster asset growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

40th percentile

0.5%

Faster revenue growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$9,702,992

Down $2,078,559 (-18%) from 2014

Net Assets

Down

$7,687,577

Down $823,286 (-9.7%) from 2014

Liabilities

Down

$2,015,415

Down $1,255,273 (-38%) from 2014

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin2nd percentile

Revenue

Up

$482,728

Up $2,243 (+0.5%) from 2014

Expenses

Down

$1,306,014

Down $2,647,315 (-67%) from 2014

Net Income

Up

-$823,286

Up $2,649,558 (+76%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$9,702,992
Liabilities$2,015,415
Net Assets$7,687,577
Open 2015 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$482,728
Expenses$1,306,014
Net Income-$823,286
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Dec 30, 2015
Return Version
2014v6.0
Gross Receipts
$482,728
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$9,830,995$9,533,199▼ $297,796
Cash and Non-Interest-Bearing Accounts$79,049$77,578▼ $1,471
Intangible Assets$35,242$32,596▼ $2,646
Accounts Receivable$7,984$15,255▲ $7,271
Prepaid Expenses and Deferred Charges$8,955$11,960▲ $3,005
Total Assets$11,781,551$9,702,992▼ $2,078,559
Other Assets Total$1,819,326$32,404▼ $1,786,922
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,660,066$1,622,140▼ $37,926
Accounts Payable and Accrued Expenses$630,529$152,583▼ $477,946
Unsecured Notes Loans Payable$783,670$108,536▼ $675,134
Other Liabilities$132,633$82,162▼ $50,471
Deferred Revenue$63,790$49,994▼ $13,796
Total Liabilities$3,270,688$2,015,415▼ $1,255,273
Net Assets / Fund Balance
Unrestricted Net Assets$8,510,863$7,687,577▼ $823,286
Total Net Assets Fund Balance$8,510,863$7,687,577▼ $823,286
Total Liabilities and Net Assets / Fund Balance$11,781,551$9,702,992▼ $2,078,559

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,838,314$2,833,606$11,671,920
Land$694,885-$694,885
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Joseph DivesteaPresident
Barbara BranganDirector
Pamela CapassoDirector
Vincent MurphyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$482,660
Investment Income
$68
Other Revenue
$0
Change in Net Assets
$-823,286

Audited Revenue Reconciliation

Revenue per Audited Statements
$482,728
Total Revenue per Audited Statements
$482,728
Total Revenue per Form 990
$482,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,273,610
Salaries, Compensation, and Employee Benefits$32,404
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$300,441--$300,441
Interest$81,506$18,241-$99,747
Insurance$39,199$5,700-$44,899
All Other Expenses$31,486$1,385-$32,871
Other Salaries and Wages$15,000$15,000-$30,000
Other Expenses$25,170$3,400-$25,170
Fees for Services Accounting-$13,000-$13,000
Fees for Services Legal$-987$6,744-$5,757
Office Expenses$3,864$1,047-$4,911
Payroll Taxes$1,202$1,202-$2,404
Advertising$754--$754
Total Functional Expenses$1,240,295$65,719$0$1,306,014

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,306,014
Total Expenses per Audited Statements$1,306,014
Total Expenses per Form 990$1,306,014
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$75,442
Interest Payable$6,720
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Joe Divestea
Title
President
Phone
8458782600
Signed
2015-12-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Divestea
Formed
1999
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
1

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.”

Raw XML Appendix327 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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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.
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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
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ReturnHeader/PreparerPersonGrp/PreparationDt02015-12-30
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ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,702,992
Liabilities
$2,015,415
Net assets
$7,687,577
Revenue
$482,728
Expenses
$1,306,014
Net income
-$823,286
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
2015Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $5M-$10M nonprofits