Civic Intelligence

The Putnam Community Foundation

990 • Fiscal year 2016 • EIN 06-1573024

Jun 01, 2015 to May 31, 2016 • Filed on Dec 02, 2016

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.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.90x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

27th percentile

-2.9%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.5%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$9,419,018

Down $283,974 (-2.9%) from 2015

Net Assets

Down

$7,486,589

Down $200,988 (-2.6%) from 2015

Liabilities

Down

$1,932,429

Down $82,986 (-4.1%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin8th percentile

Revenue

Up

$494,975

Up $12,247 (+2.5%) from 2015

Expenses

Down

$695,963

Down $610,051 (-47%) from 2015

Net Income

Up

-$200,988

Up $622,298 (+76%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2016

Assets$9,419,018
Liabilities$1,932,429
Net Assets$7,486,589
Open 2016 Filing

Operations Trend

Revenue Growth49th 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

2016

Revenue$494,975
Expenses$695,963
Net Income-$200,988
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Dec 2, 2016
Return Version
2015v2.1
Gross Receipts
$494,975
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$9,533,199$9,236,046▼ $297,153
Cash and Non-Interest-Bearing Accounts$77,578$88,191▲ $10,613
Intangible Assets$32,596$40,519▲ $7,923
Accounts Receivable$15,255$16,381▲ $1,126
Prepaid Expenses and Deferred Charges$11,960$5,477▼ $6,483
Total Assets$9,702,992$9,419,018▼ $283,974
Other Assets Total$32,404$32,404→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,622,140$1,714,785▲ $92,645
Other Liabilities$82,162$83,145▲ $983
Unsecured Notes Loans Payable$108,536$62,713▼ $45,823
Deferred Revenue$49,994$38,593▼ $11,401
Accounts Payable and Accrued Expenses$152,583$33,193▼ $119,390
Total Liabilities$2,015,415$1,932,429▼ $82,986
Net Assets / Fund Balance
Unrestricted Net Assets$7,687,577$7,486,589▼ $200,988
Total Net Assets Fund Balance$7,687,577$7,486,589▼ $200,988
Total Liabilities and Net Assets / Fund Balance$9,702,992$9,419,018▼ $283,974

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,665,639$3,130,759$11,796,398
Land$570,407-$570,407
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
$494,819
Investment Income
$156
Other Revenue
$0
Change in Net Assets
$-200,988

Audited Revenue Reconciliation

Revenue per Audited Statements
$494,975
Total Revenue per Audited Statements
$494,975
Total Revenue per Form 990
$494,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$635,505
Salaries, Compensation, and Employee Benefits$60,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$300,891--$300,891
Interest$83,361$7,679-$91,040
Other Salaries and Wages$27,692$27,693-$55,385
Insurance$39,526$5,478-$45,004
Other Expenses$15,394--$15,394
Fees for Services Accounting-$7,500-$7,500
All Other Expenses$4,055$2,763-$6,818
Office Expenses$3,265$3,401-$6,666
Payroll Taxes$2,536$2,537-$5,073
Fees for Services Legal$181$2,735-$2,916
Total Functional Expenses$636,177$59,786$0$695,963

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$695,963
Total Expenses per Audited Statements$695,963
Total Expenses per Form 990$695,963
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$76,117
Interest Payable$7,028
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
Joseph Divestea
Title
President
Phone
8452258155
Signed
2016-12-02
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
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.”

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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/OtherLiabilitiesOrgGrp/Amt17028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0494975
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09236046
IRS990ScheduleD/TotalExpensesPerForm990Amt0695963
IRS990ScheduleD/TotalLiabilityAmt083145
IRS990ScheduleD/TotalRevenuePerForm990Amt0494975
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0494975
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0695963
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09702992
IRS990/TotalAssetsEOYAmt09419018
IRS990/TotalAssetsGrp/BOYAmt09702992
IRS990/TotalAssetsGrp/EOYAmt09419018
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059786
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0636177
IRS990/TotalFunctionalExpensesGrp/TotalAmt0695963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02015415
IRS990/TotalLiabilitiesEOYAmt01932429
IRS990/TotalLiabilitiesGrp/BOYAmt02015415
IRS990/TotalLiabilitiesGrp/EOYAmt01932429
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07687577
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07486589
IRS990/TotalProgramServiceExpensesAmt0636177
IRS990/TotalProgramServiceRevenueAmt0494819
IRS990/TotalRevenueGrp/ExclusionAmt0156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0494819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0494975
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09702992
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09419018
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07687577
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07486589
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0108536
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt062713
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O PCF
IRS990/USAddress/AddressLine2Txt02 ROUTE 164
IRS990/USAddress/CityNm0PATTERSON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012563
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH DIVESTEA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08452258155
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-02
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/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/PreparationDt02016-12-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK COHEN
ReturnHeader/ReturnTs02016-12-07T15:56:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,419,018
Liabilities
$1,932,429
Net assets
$7,486,589
Revenue
$494,975
Expenses
$695,963
Net income
-$200,988
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