Civic Intelligence

Islip'S Housing Development Fund Company Inc

990 • Fiscal year 2015 • EIN 11-3032104

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 08, 2016

15 Shore Lane P O Box 5587Bayshore, NY 11706

(631) 665-1185

Siviq Scores

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

Liabilities / Assets

37th percentile

0.32x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

1.17x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

36th percentile

-17%

Higher net margin than 36% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$101,393

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

33rd percentile

-3.4%

Faster asset growth than 33% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

34%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,039,375

Down $107,846 (-3.4%) from 2014

Net Assets

Down

$2,075,746

Down $139,047 (-6.3%) from 2014

Liabilities

Up

$963,629

Up $31,201 (+3.3%) from 2014

Revenue

Up

$827,027

Up $210,441 (+34%) from 2014

Expenses

Down

$966,074

Down $459,806 (-32%) from 2014

Net Income

Up

-$139,047

Up $670,247 (+83%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $4,147,558Liabilities 2012: $1,026,366Net Assets 2012: $3,121,1922012Assets 2013: $3,994,928Liabilities 2013: $970,841Net Assets 2013: $3,024,0872013Assets 2014: $3,147,221Liabilities 2014: $932,428Net Assets 2014: $2,214,7932014Assets 2015: $3,039,375Liabilities 2015: $963,629Net Assets 2015: $2,075,7462015Assets 2016: $3,107,284Liabilities 2016: $995,520Net Assets 2016: $2,111,7642016Assets 2017: $3,207,654Liabilities 2017: $1,037,495Net Assets 2017: $2,170,1592017Assets 2018: $3,383,738Liabilities 2018: $1,047,106Net Assets 2018: $2,336,6322018Assets 2019: $3,528,870Liabilities 2019: $1,121,222Net Assets 2019: $2,407,6482019Assets 2020: $3,759,795Liabilities 2020: $1,108,368Net Assets 2020: $2,651,4272020Assets 2021: $4,077,606Liabilities 2021: $1,145,757Net Assets 2021: $2,931,8492021Assets 2022: $4,509,925Liabilities 2022: $1,282,521Net Assets 2022: $3,227,4042022Assets 2023: $4,955,917Liabilities 2023: $1,284,746Net Assets 2023: $3,671,1712023Assets 2024: $4,340,651Liabilities 2024: $283,194Net Assets 2024: $4,057,4572024

Highlighted filing

2015

Assets$3,039,375
Liabilities$963,629
Net Assets$2,075,746

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $806,978Expenses 2012: $953,086Net Income 2012: -$146,1082012Revenue 2013: $786,729Expenses 2013: $883,834Net Income 2013: -$97,1052013Revenue 2014: $616,586Expenses 2014: $1,425,880Net Income 2014: -$809,2942014Revenue 2015: $827,027Expenses 2015: $966,074Net Income 2015: -$139,0472015Revenue 2016: $634,593Expenses 2016: $598,573Net Income 2016: $36,0202016Revenue 2017: $1,011,380Expenses 2017: $952,985Net Income 2017: $58,3952017Revenue 2018: $997,273Expenses 2018: $830,800Net Income 2018: $166,4732018Revenue 2019: $1,006,903Expenses 2019: $935,887Net Income 2019: $71,0162019Revenue 2020: $1,637,361Expenses 2020: $1,393,582Net Income 2020: $243,7792020Revenue 2021: $1,369,432Expenses 2021: $1,089,010Net Income 2021: $280,4222021Revenue 2022: $1,430,693Expenses 2022: $1,135,138Net Income 2022: $295,5552022Revenue 2023: $1,691,137Expenses 2023: $1,247,370Net Income 2023: $443,7672023Revenue 2024: $1,054,273Expenses 2024: $667,987Net Income 2024: $386,2862024

Highlighted filing

2015

Revenue$827,027
Expenses$966,074
Net Income-$139,047
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 8, 2016
Return Version
2014v6.0
Gross Receipts
$827,027
Mission and Program Overview

Mission

The Organization cooperates with the Town of Islip CDA in various activities related to the provision of housing for low and moderate income families.

The Organization cooperates with the Town of Islip Community Development Agency in various activities related to the provision of housing for low and moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,334,824$1,259,369▼ $75,455
Savings and Temporary Cash Investments$545,603$616,145▲ $70,542
Other Notes and Loans Receivable, Net$41,085$38,871▼ $2,214
Cash and Non-Interest-Bearing Accounts$11,365$33,756▲ $22,391
Accounts Receivable$18,968$0▼ $18,968
Prepaid Expenses and Deferred Charges$8,149$12,449▲ $4,300
Pledges and Grants Receivable$347$4,739▲ $4,392
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,147,221$3,039,375▼ $107,846
Other Assets Total$1,186,880$1,074,046▼ $112,834
Liabilities
Mortgage Notes Payable Secured by Investment Property$872,556$902,702▲ $30,146
Other Liabilities$34,493$40,696▲ $6,203
Accounts Payable and Accrued Expenses$25,379$20,231▼ $5,148
Total Liabilities$932,428$963,629▲ $31,201
Net Assets / Fund Balance
Unrestricted Net Assets$1,062,406$1,042,397▼ $20,009
Temporarily Rstr Net Assets$1,152,387$1,033,349▼ $119,038
Total Net Assets Fund Balance$2,214,793$2,075,746▼ $139,047
Total Liabilities and Net Assets / Fund Balance$3,147,221$3,039,375▼ $107,846

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$377,645$1,605,291$1,982,936
Other Land Buildings-$58,504$58,504
Leasehold Improvements$16,743$33,486$50,229
Land$864,981--
Other Assets Org$40,697--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Salvatore MateraCFO$101,393$101,393
Alison KarppiPresident$99,060$99,060

Board Members and Trustees

NameTitle
ALICIA S O'CONNORChairperson
Joseph C CochranceChairperson
Joseph a DevincentChairperson
Nancy ManfredoniaChairperson
Ronald F LevineChairperson

Highest Paid Contractors

ContractorServicesLocationCompensation
Friendly Construction Co IncConstruction57A Saxon Ave, Bayshore, NY 11706$260,386
Revenue and Support

Revenue Composition

Contributions and Grants
$334,255
Program Service Revenue
$491,100
Investment Income
$1,672
Other Revenue
$0
Change in Net Assets
$-139,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$827,027
Total Revenue per Audited Statements
$827,027
Total Revenue per Form 990
$827,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$966,074
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$166,012-$166,012
Depreciation Depletion$75,455--$75,455
Insurance$30,584--$30,584
Interest$30,146--$30,146
Office Expenses-$17,550-$17,550
Other Expenses$465--$465
Total Functional Expenses$782,512$183,562$0$966,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$966,074
Total Expenses per Audited Statements$966,074
Total Expenses per Form 990$966,074
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Payable$40,696
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was reviewed and approved by the officers and the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Islips Housing Development Fund
EIN
11-3032104
Phone
6316651185
Address
15 SHORE LANE P O BOX 5587, BAYSHORE, NY 11706

Signing Officer

Name
Salvatore Matera
Title
CFO
Signed
2016-04-08
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Tabriztchi & Co CPA Pc
Address
4102 31st Ave Ste A, Astoria, NY 11103
Preparer
Sirousse Tabriztchi
Phone
5167464200
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0347
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04739
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08149
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012449
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0491100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0491100
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0215274
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01839
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01418958
IRS990/PYProgramServiceRevenueAmt0399472
IRS990/PYRevenuesLessExpensesAmt0-809294
IRS990/PYSalariesCompEmpBnftPaidAmt06921
IRS990/PYTotalExpensesAmt01425879
IRS990/PYTotalRevenueAmt0616585
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-139047
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0825355
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0545603
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0616145
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0377645
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01605291
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01982936
IRS990ScheduleD/ExpensesSubtotalAmt0966074
IRS990ScheduleD/LandGrp/BookValueAmt0864981
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0864981
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016743
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033486
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt050229
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0239296
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1506805
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2141853
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3145395
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt440697
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in Progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1General Operating Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Real Estate Tax Escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Replacement Reserve Fund Account
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Tenant Security Deposit
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058504
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt058504
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposit Payable
IRS990ScheduleD/RevenueSubtotalAmt0827027
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01259369
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01074046
IRS990ScheduleD/TotalExpensesPerForm990Amt0966074
IRS990ScheduleD/TotalLiabilityAmt040696
IRS990ScheduleD/TotalRevenuePerForm990Amt0827027
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0827027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0966074
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 was reviewed and approved by the officers and the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Town of Islips Community Development Ag
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Community Development
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0334255
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1166012
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Book
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Book
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Town of Islips Community Development Ag
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Town of Islips Community Development Ag
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1o
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01152387
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01033349
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03147221
IRS990/TotalAssetsEOYAmt03039375
IRS990/TotalAssetsGrp/BOYAmt03147221
IRS990/TotalAssetsGrp/EOYAmt03039375
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0334255
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0183562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0782512
IRS990/TotalFunctionalExpensesGrp/TotalAmt0966074
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0932428
IRS990/TotalLiabilitiesEOYAmt0963629
IRS990/TotalLiabilitiesGrp/BOYAmt0932428
IRS990/TotalLiabilitiesGrp/EOYAmt0963629
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02214793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02075746
IRS990/TotalProgramServiceExpensesAmt0782512
IRS990/TotalProgramServiceRevenueAmt0491100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0492772
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0827027
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03147221
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03039375
IRS990/TotReportableCompRltdOrgAmt0200453
IRS990/TransactionWithControlEntInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.34$0.28$4.06$1.05$0.67$0.39
2023Detailed filing. Detailed filing data is available for this year.$4.96$1.28$3.67$1.69$1.25$0.44
2022Detailed filing. Detailed filing data is available for this year.$4.51$1.28$3.23$1.43$1.14$0.30
2021Detailed filing. Detailed filing data is available for this year.$4.08$1.15$2.93$1.37$1.09$0.28
2020Detailed filing. Detailed filing data is available for this year.$3.76$1.11$2.65$1.64$1.39$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.53$1.12$2.41$1.01$0.94$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.38$1.05$2.34$1.00$0.83$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.21$1.04$2.17$1.01$0.95$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.11$1.00$2.11$0.63$0.60$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.04$0.96$2.08$0.83$0.97$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.15$0.93$2.21$0.62$1.43$0.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.97$3.02$0.79$0.88$0.10
2012Summary only. Only limited summary data is available for this year.$4.15$1.03$3.12$0.81$0.95$0.15
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00