Civic Intelligence

St. Nicholas Home Inc.

990 • Fiscal year 2020 • EIN 11-6263923

Nov 01, 2019 to Oct 31, 2020 • Filed on Jun 30, 2021

437 Ovington AvenueBrooklyn, NY 11209

(718) 238-8141

Siviq Scores

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

Liabilities / Assets

99th percentile

2.73x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

1.85x

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

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Net Margin

2nd percentile

-114%

Higher net margin than 2% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Asset Growth

84th percentile

65%

Faster asset growth than 84% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$629,013

Up $247,016 (+65%) from 2019

Net Assets

Down

-$1,088,979

Down $1,063,913 (-4244%) from 2019

Liabilities

Up

$1,717,992

Up $1,310,929 (+322%) from 2019

Revenue

Down

$927,079

Down $265,217 (-22%) from 2019

Expenses

Up

$1,982,098

Up $393,745 (+25%) from 2019

Net Income

Down

-$1,055,019

Down $658,962 (-166%) from 2019

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: $1,906,192Liabilities 2011: $143,231Net Assets 2011: $1,762,9612011Assets 2012: $1,990,622Liabilities 2012: $187,309Net Assets 2012: $1,803,3132012Assets 2013: $1,793,613Liabilities 2013: $159,119Net Assets 2013: $1,634,4942013Assets 2014: $1,650,119Liabilities 2014: $164,174Net Assets 2014: $1,485,9452014Assets 2015: $1,433,479Liabilities 2015: $218,364Net Assets 2015: $1,215,1152015Assets 2016: $1,153,765Liabilities 2016: $219,537Net Assets 2016: $934,2282016Assets 2017: $899,810Liabilities 2017: $189,489Net Assets 2017: $710,3212017Assets 2018: $633,663Liabilities 2018: $122,393Net Assets 2018: $511,2702018Assets 2019: $381,997Liabilities 2019: $407,063Net Assets 2019: -$25,0662019Assets 2020: $629,013Liabilities 2020: $1,717,992Net Assets 2020: -$1,088,9792020Assets 2021: $687,298Liabilities 2021: $1,833,631Net Assets 2021: -$1,146,3332021Assets 2022: $799,371Liabilities 2022: $2,411,526Net Assets 2022: -$1,612,1552022Assets 2023: $408,834Liabilities 2023: $2,513,589Net Assets 2023: -$2,104,7552023Assets 2024: $7,979,078Liabilities 2024: $0Net Assets 2024: $7,979,0782024

Highlighted filing

2020

Assets$629,013
Liabilities$1,717,992
Net Assets-$1,088,979

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,198,211Expenses 2011: $1,544,633Net Income 2011: -$346,4222011Expenses 2012: $1,459,2012012Revenue 2013: $1,336,005Expenses 2013: $1,504,824Net Income 2013: -$168,8192013Revenue 2014: $1,326,195Expenses 2014: $1,474,744Net Income 2014: -$148,5492014Revenue 2015: $1,362,108Expenses 2015: $1,541,669Net Income 2015: -$179,5612015Revenue 2016: $1,266,503Expenses 2016: $1,547,269Net Income 2016: -$280,7662016Revenue 2017: $1,425,268Expenses 2017: $1,650,529Net Income 2017: -$225,2612017Revenue 2018: $1,302,674Expenses 2018: $1,477,784Net Income 2018: -$175,1102018Revenue 2019: $1,192,296Expenses 2019: $1,588,353Net Income 2019: -$396,0572019Revenue 2020: $927,079Expenses 2020: $1,982,098Net Income 2020: -$1,055,0192020Revenue 2021: $345,346Expenses 2021: $413,734Net Income 2021: -$68,3882021Revenue 2022: -$22,510Expenses 2022: $448,253Net Income 2022: -$470,7632022Revenue 2023: $4,674Expenses 2023: $500,113Net Income 2023: -$495,4392023Revenue 2024: $10,354,654Expenses 2024: $297,446Net Income 2024: $10,057,2082024

Highlighted filing

2020

Revenue$927,079
Expenses$1,982,098
Net Income-$1,055,019
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Jun 30, 2021
Return Version
2019v5.1
Gross Receipts
$1,062,494
Mission and Program Overview

Mission

Operates facility for elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$229,751$200,624▼ $29,127
Savings and Temporary Cash Investments$68,301$133,502▲ $65,201
Cash and Non-Interest-Bearing Accounts$25,885$86,572▲ $60,687
Investments in Publicly Traded Securities$53,893$44,999▼ $8,894
Prepaid Expenses and Deferred Charges$2,667--
Accounts Receivable$1,500--
Total Assets$381,997$629,013▲ $247,016
Other Assets Total-$163,316-
Liabilities
Accounts Payable and Accrued Expenses$330,442$1,663,721▲ $1,333,279
Other Liabilities$76,621$54,271▼ $22,350
Total Liabilities$407,063$1,717,992▲ $1,310,929
Net Assets / Fund Balance
Net Assets With Donor Restrictions$200,000$200,000→ $0
Net Assets Without Donor Restrictions$-225,066$-1,288,979▼ $1,063,913
Total Net Assets Fund Balance$-25,066$-1,088,979▼ $1,063,913
Total Liabilities and Net Assets / Fund Balance$381,997$629,013▲ $247,016

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$69,807$1,753,397$1,823,204
Equipment$10,817$392,418$403,235
Buildings-$194,710$194,710
Land$120,000-$120,000
Other Assets Org$34,785--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward MafoudChairman
Joseph BassilVice-chairman
Raymond J KyriakosVice-chairman
14 DirectorsDirectors
2 Honorary DirectorsHonorary Directors
Robert ThabitCounsel Emeritus
Joseph M ElhihowGeneral Council
Nizar KhourySecretary
George PreziosoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,355
Program Service Revenue
$736,100
Investment Income
$3,547
Other Revenue
$185,077
All Other Contributions
$2,355
Change in Net Assets
$-1,055,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,319,955
Salaries, Compensation, and Employee Benefits$662,143
Total Fundraising Expense$4,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$594,388$6,323-$600,711
Occupancy$65,537$310,360-$375,897
Fees for Services Other$159,860--$159,860
Fees for Services Legal$111,117$19,205-$130,322
All Other Expenses$71,231$9,318$4,770$85,319
Other Expenses$66,945$5,932-$72,877
Office Expenses$64,167$7,549-$71,716
Fees for Services Accounting$36,229$6,117-$42,346
Payroll Taxes$39,930$425-$40,355
Depreciation Depletion$27,671$1,456-$29,127
Other Employee Benefits$20,855$222-$21,077
Total Functional Expenses$1,332,038$645,290$4,770$1,982,098
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
Security Deposits Payable$30,640
Due to Nysdoh$23,631
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

None

CEO executive director top management comp Part VI line 15A

Compensation discussed at board meetings.

Other officer or key employee compensation Part VI line 15B

Compensation discussed at board meetings.

Governing documents etc available to public Part VI line 19

Any information is readily available from board members.

Filing and Contact Details

Filer

Filer Name
St Nicholas Home
EIN
11-6263923
Address
437 OVINGTON AVENUE, Brooklyn, NY 11209

Signing Officer

Name
Edward Mafoud
Title
Chairman
Phone
7182380550
Signed
2021-06-30
Discuss with paid preparer
No

Organization Details

Principal Officer
Edward Mafoud
Formed
1982
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
29

Preparer

Firm
Welinsky and Welinsky CPAs
Address
250 Gorge Road - 5D, Cliffside Park, NJ 07010
Preparer
Steven Welinsky
Phone
2019450251
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02667
IRS990/PrincipalOfficerNm0EDWARD MAFOUD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0732971
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0732971
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13129
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt085516
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02907
IRS990/PYOtherExpensesAmt0775649
IRS990/PYOtherRevenueAmt0-2105
IRS990/PYProgramServiceRevenueAmt01105978
IRS990/PYRevenuesLessExpensesAmt0-396057
IRS990/PYSalariesCompEmpBnftPaidAmt0812704
IRS990/PYTotalExpensesAmt01588353
IRS990/PYTotalRevenueAmt01192296
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1055019
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-50065
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0736100
IRS990/SavingsAndTempCashInvstGrp/BOYAmt068301
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0133502
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt085516
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0213335
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0200167
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt075788
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0577161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02907
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012431
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt031368
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt037532
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt087785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0812731
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01105978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01080388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01212051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01171560
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05382708
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02907
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012431
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt031368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt037532
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt087785
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98550
IRS990ScheduleA/PublicSupportPY509Pct00.97730
IRS990ScheduleA/PublicSupportTotal509Amt05959869
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0815086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01191494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01293723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01412218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01247348
IRS990ScheduleA/Total509Grp/TotalAmt05959869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0818633
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01194401
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01306154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01443586
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01284880
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06047654
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0194710
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0194710
IRS990ScheduleD/EquipmentGrp/BookValueAmt010817
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0392418
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0403235
IRS990ScheduleD/LandGrp/BookValueAmt0120000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0120000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt069807
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01753397
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01823204
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0128531
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt134785
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE TAX RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO NYSDOH
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0200624
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0163316
IRS990ScheduleD/TotalLiabilityAmt054271
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0None
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation discussed at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation discussed at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Any information is readily available from board members.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0381997
IRS990/TotalAssetsEOYAmt0629013
IRS990/TotalAssetsGrp/BOYAmt0381997
IRS990/TotalAssetsGrp/EOYAmt0629013
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02355
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04770
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0645290
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01332038
IRS990/TotalFunctionalExpensesGrp/TotalAmt01982098
IRS990/TotalGrossUBIAmt0-50065
IRS990/TotalLiabilitiesBOYAmt0407063
IRS990/TotalLiabilitiesEOYAmt01717992
IRS990/TotalLiabilitiesGrp/BOYAmt0407063
IRS990/TotalLiabilitiesGrp/EOYAmt01717992
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-25066
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1088979
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01332038
IRS990/TotalProgramServiceRevenueAmt0736100
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0974789

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.98$0.00$7.98$10.4$0.30$10.1
2023Detailed filing. Detailed filing data is available for this year.$0.41$2.51$2.10$0.00$0.50$0.50
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$2.41$1.61$0.02$0.45$0.47
2021Detailed filing. Detailed filing data is available for this year.$0.69$1.83$1.15$0.35$0.41$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.63$1.72$1.09$0.93$1.98$1.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.41$0.03$1.19$1.59$0.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.12$0.51$1.30$1.48$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.19$0.71$1.43$1.65$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.22$0.93$1.27$1.55$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.43$0.22$1.22$1.36$1.54$0.18
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.65$0.16$1.49$1.33$1.47$0.15
2013Summary only. Only limited summary data is available for this year.$1.79$0.16$1.63$1.34$1.50$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.19$1.80$1.46
2011Summary only. Only limited summary data is available for this year.$1.91$0.14$1.76$1.20$1.54$0.35