Civic Intelligence

St Pius V Senior Housing Development Fund Corporation

990 • Fiscal year 2016 • EIN 11-3402365

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 15, 2017

191 Joralemon StreetBrooklyn, NY 11201

(718) 722-6150

Siviq Scores

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

Liabilities / Assets

96th percentile

1.47x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

10.14x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$146,819

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

31st percentile

-2.6%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-0.3%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$4,834,786

Down $130,529 (-2.6%) from 2015

Net Assets

Down

-$2,266,108

Down $145,888 (-6.9%) from 2015

Liabilities

Up

$7,100,894

Up $15,359 (+0.2%) from 2015

Revenue

Down

$699,952

Down $2,022 (-0.3%) from 2015

Expenses

Down

$845,840

Down $37,094 (-4.2%) from 2015

Net Income

Up

-$145,888

Up $35,072 (+19%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $5,560,280Liabilities 2011: $7,177,800Net Assets 2011: -$1,617,5202011Assets 2012: $5,475,548Liabilities 2012: $7,220,456Net Assets 2012: -$1,744,9082012Assets 2013: $5,379,361Liabilities 2013: $7,200,481Net Assets 2013: -$1,821,1202013Assets 2014: $5,130,044Liabilities 2014: $7,069,304Net Assets 2014: -$1,939,2602014Assets 2015: $4,965,315Liabilities 2015: $7,085,535Net Assets 2015: -$2,120,2202015Assets 2016: $4,834,786Liabilities 2016: $7,100,894Net Assets 2016: -$2,266,1082016Assets 2017: $4,647,115Liabilities 2017: $7,111,047Net Assets 2017: -$2,463,9322017Assets 2018: $4,518,760Liabilities 2018: $7,161,252Net Assets 2018: -$2,642,4922018Assets 2019: $4,386,791Liabilities 2019: $7,169,112Net Assets 2019: -$2,782,3212019Assets 2020: $4,222,376Liabilities 2020: $7,142,894Net Assets 2020: -$2,920,5182020Assets 2021: $4,273,278Liabilities 2021: $7,295,197Net Assets 2021: -$3,021,9192021Assets 2022: $3,939,912Liabilities 2022: $7,156,436Net Assets 2022: -$3,216,5242022Assets 2023: $3,939,602Liabilities 2023: $7,416,767Net Assets 2023: -$3,477,1652023Assets 2024: $3,637,390Liabilities 2024: $7,252,546Net Assets 2024: -$3,615,1562024

Highlighted filing

2016

Assets$4,834,786
Liabilities$7,100,894
Net Assets-$2,266,108

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $638,586Expenses 2011: $892,519Net Income 2011: -$253,9332011Revenue 2012: $656,193Expenses 2012: $783,581Net Income 2012: -$127,3882012Revenue 2013: $702,229Expenses 2013: $778,441Net Income 2013: -$76,2122013Revenue 2014: $702,694Expenses 2014: $820,834Net Income 2014: -$118,1402014Revenue 2015: $701,974Expenses 2015: $882,934Net Income 2015: -$180,9602015Revenue 2016: $699,952Expenses 2016: $845,840Net Income 2016: -$145,8882016Revenue 2017: $699,563Expenses 2017: $897,387Net Income 2017: -$197,8242017Revenue 2018: $780,831Expenses 2018: $959,391Net Income 2018: -$178,5602018Revenue 2019: $911,631Expenses 2019: $1,051,460Net Income 2019: -$139,8292019Revenue 2020: $929,594Expenses 2020: $1,067,791Net Income 2020: -$138,1972020Revenue 2021: $965,544Expenses 2021: $1,066,945Net Income 2021: -$101,4012021Revenue 2022: $1,007,552Expenses 2022: $1,202,157Net Income 2022: -$194,6052022Revenue 2023: $986,943Expenses 2023: $1,247,584Net Income 2023: -$260,6412023Revenue 2024: $1,166,900Expenses 2024: $1,304,891Net Income 2024: -$137,9912024

Highlighted filing

2016

Revenue$699,952
Expenses$845,840
Net Income-$145,888
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 15, 2017
Return Version
2015v3.0
Gross Receipts
$699,952
Mission and Program Overview

Mission

To provide safe and affordable housing for elderly and disabled persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,545,999$4,386,448▼ $159,551
Savings and Temporary Cash Investments$280,411$334,659▲ $54,248
Prepaid Expenses and Deferred Charges$51,666$51,954▲ $288
Cash and Non-Interest-Bearing Accounts$72,653$46,293▼ $26,360
Accounts Receivable$143$0▼ $143
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,965,315$4,834,786▼ $130,529
Other Assets Total$14,443$15,432▲ $989
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,897,100$6,897,100→ $0
Accounts Payable and Accrued Expenses$174,888$189,365▲ $14,477
Other Liabilities$13,547$14,429▲ $882
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,085,535$7,100,894▲ $15,359
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,120,220$-2,266,108▼ $145,888
Total Net Assets Fund Balance$-2,120,220$-2,266,108▼ $145,888
Total Liabilities and Net Assets / Fund Balance$4,965,315$4,834,786▼ $130,529

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,899,393$2,674,280$6,573,673
Land$485,000-$485,000
Equipment$2,055$57,890$59,945
Compensation and Service Providers

Employees

NameTitleOtherTotal
Alla EleonController$146,819$146,819
Patricia DawsonDirector of Operations$143,945$143,945
George StathoudakisDirector of Facilities$138,878$138,878

Board Members and Trustees

NameTitle
JEANNE m DIULIOPresident
Desiree ArduiniDirector
Desiree FrysonDirector
Martin SussmanDirector
Mary HursonDirector
Richard SlizeskiDirector
Samira AlievaDirector
Richard AbrahamsenSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$699,660
Investment Income
$292
Other Revenue
$0
Change in Net Assets
$-145,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$699,952
Total Revenue per Audited Statements
$699,952
Total Revenue per Form 990
$699,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$678,574
Salaries, Compensation, and Employee Benefits$167,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$173,301$0$0$173,301
Other Salaries and Wages$120,557--$120,557
Occupancy$94,765--$94,765
Other Expenses$80,606--$80,606
Fees for Services Management$49,980--$49,980
Insurance$42,858--$42,858
Other Employee Benefits$37,486--$37,486
All Other Expenses$27,499--$27,499
Fees for Services Accounting$15,540--$15,540
Payroll Taxes$9,223--$9,223
Office Expenses$5,527--$5,527
Total Functional Expenses$845,840$0$0$845,840

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$845,840
Total Expenses per Audited Statements$845,840
Total Expenses per Form 990$845,840
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Contra$14,429
Governance and Compliance

Governance Checklist

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

Governance Explanations

GOVERNANCE, part VI, section B, question 11

A copy of the form 990 is made available to board. The board reviews the form 990 and when the board is satisfied, the form 990 is approved by the board.

GOVERNANCE-part VI, section B, question 12

Per the agency's corporate compliance program, all board members have received training in the program.

GOVERNANCE-part VI, section B, question 15

Ceo, executive director, and other top managment are not compensated by this entity.

GOVERNANCE-part VI, section C, question 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
St Pius V Senior Housing Development
EIN
11-3402365
In Care Of
% PROGRESS OF PEOPLE'S MGMT CO
Phone
7187226150
Address
191 JORALEMON STREET, BROOKLYN, NY 11201

Signing Officer

Name
Jeanne M Diulio
Title
President
Signed
2017-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
jeanne m diulio
Formed
1997
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE 400E, BETHESDA, MD 20814-6583
Preparer
Ed Ryan CPA
Phone
3016529100
Supplemental Narrative

Financial Statement Notes

fin 48

The Corporation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2016. Accordingly, these financial statements do not reflect a provision for income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. The Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years ending on or after June 30, 2013 remain open.

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IRS990/RelatedOrganizationCtrlEntInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01165
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT CONTRA
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2016. Accordingly, these financial statements do not reflect a provision for income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. The Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years ending on or after June 30, 2013 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0fin 48
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04386448
IRS990ScheduleD/TotalExpensesPerForm990Amt0845840
IRS990ScheduleD/TotalLiabilityAmt014429
IRS990ScheduleD/TotalRevenuePerForm990Amt0699952
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0699952

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.$3.64$7.25$3.62$1.17$1.30$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.94$7.42$3.48$0.99$1.25$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$7.16$3.22$1.01$1.20$0.19
2021Detailed filing. Detailed filing data is available for this year.$4.27$7.30$3.02$0.97$1.07$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$7.14$2.92$0.93$1.07$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$7.17$2.78$0.91$1.05$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.52$7.16$2.64$0.78$0.96$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.65$7.11$2.46$0.70$0.90$0.20
2016Detailed filing. Detailed filing data is available for this year.$4.83$7.10$2.27$0.70$0.85$0.15
2015Summary only. Only limited summary data is available for this year.$4.97$7.09$2.12$0.70$0.88$0.18
2014Summary only. Only limited summary data is available for this year.$5.13$7.07$1.94$0.70$0.82$0.12
2013Summary only. Only limited summary data is available for this year.$5.38$7.20$1.82$0.70$0.78$0.08
2012Summary only. Only limited summary data is available for this year.$5.48$7.22$1.74$0.66$0.78$0.13
2011Summary only. Only limited summary data is available for this year.$5.56$7.18$1.62$0.64$0.89$0.25
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits