Civic Intelligence

Associated Blind Housing Development Fund Inc.

990 • Fiscal year 2020 • EIN 13-2951474

Aug 01, 2019 to Jul 31, 2020 • Filed on Dec 01, 2020

Organization ProfileN/A
4 Executive Blvd No 100Suffern, NY 10901

(845) 368-2400

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

8.12x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

9th percentile

-27%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

20th percentile

-1.8%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

5.1%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$65,580,291

Down $1,196,494 (-1.8%) from 2019

Net Assets

Down

$707,307

Down $2,151,003 (-75%) from 2019

Liabilities

Up

$64,872,984

Up $954,509 (+1.5%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin9th percentile

Revenue

Up

$7,989,776

Up $388,854 (+5.1%) from 2019

Expenses

Up

$10,140,779

Up $1,369,169 (+16%) from 2019

Net Income

Down

-$2,151,003

Down $980,315 (-84%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$100M$50M$0-$50MAssets 2011: $6,823,825Liabilities 2011: $6,354,044Net Assets 2011: $469,7812011Assets 2012: $6,914,250Liabilities 2012: $6,033,078Net Assets 2012: $881,1722012Assets 2013: $6,690,226Liabilities 2013: $5,439,171Net Assets 2013: $1,251,0552013Assets 2014: $13,290,724Liabilities 2014: $11,268,728Net Assets 2014: $2,021,9962014Assets 2015: $29,816,449Liabilities 2015: $28,196,582Net Assets 2015: $1,619,8672015Assets 2016: $42,087,059Liabilities 2016: $40,430,713Net Assets 2016: $1,656,3462016Assets 2017: $59,407,470Liabilities 2017: $55,859,582Net Assets 2017: $3,547,8882017Assets 2018: $67,435,713Liabilities 2018: $63,406,715Net Assets 2018: $4,028,9982018Assets 2019: $66,776,785Liabilities 2019: $63,918,475Net Assets 2019: $2,858,3102019Assets 2020: $65,580,291Liabilities 2020: $64,872,984Net Assets 2020: $707,3072020Assets 2021: $62,551,396Liabilities 2021: $74,218,543Net Assets 2021: -$11,667,1472021Assets 2022: $60,912,247Liabilities 2022: $72,756,626Net Assets 2022: -$11,844,3792022Assets 2023: $61,219,671Liabilities 2023: $71,307,893Net Assets 2023: -$10,088,2222023Assets 2024: $61,803,580Liabilities 2024: $69,694,592Net Assets 2024: -$7,891,0122024Assets 2025: $63,195,735Liabilities 2025: $68,188,776Net Assets 2025: -$4,993,0412025

Highlighted filing

2020

Assets$65,580,291
Liabilities$64,872,984
Net Assets$707,307
Open 2020 Filing

Operations Trend

Revenue Growth58th percentile

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

$30M$20M$10M$0-$10M-$20MExpenses 2011: $3,002,7452011Revenue 2012: $3,273,331Expenses 2012: $2,861,940Net Income 2012: $411,3912012Revenue 2013: $3,225,101Expenses 2013: $2,855,218Net Income 2013: $369,8832013Revenue 2014: $3,639,423Expenses 2014: $2,868,482Net Income 2014: $770,9412014Revenue 2015: $2,853,716Expenses 2015: $3,255,845Net Income 2015: -$402,1292015Revenue 2016: $2,775,653Expenses 2016: $2,739,174Net Income 2016: $36,4792016Revenue 2017: $4,912,821Expenses 2017: $3,021,279Net Income 2017: $1,891,5422017Revenue 2018: $7,398,607Expenses 2018: $6,917,497Net Income 2018: $481,1102018Revenue 2019: $7,600,922Expenses 2019: $8,771,610Net Income 2019: -$1,170,6882019Revenue 2020: $7,989,776Expenses 2020: $10,140,779Net Income 2020: -$2,151,0032020Revenue 2021: $8,167,925Expenses 2021: $20,542,379Net Income 2021: -$12,374,4542021Revenue 2022: $8,378,742Expenses 2022: $8,555,974Net Income 2022: -$177,2322022Revenue 2023: $10,875,750Expenses 2023: $9,119,593Net Income 2023: $1,756,1572023Revenue 2024: $11,892,238Expenses 2024: $9,695,028Net Income 2024: $2,197,2102024Revenue 2025: $12,430,249Expenses 2025: $9,532,278Net Income 2025: $2,897,9712025

Highlighted filing

2020

Revenue$7,989,776
Expenses$10,140,779
Net Income-$2,151,003
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Dec 1, 2020
Return Version
2019v5.1
Gross Receipts
$7,989,776
Mission and Program Overview

Mission

To provide affordable housing to blind and low income individuals of suffern, ny including federally subsidized rental assistance under a section 8 housing assistance payments contract.

To provide affordable housing to blind and low income individuals of suffern, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$60,328,716$59,048,235▼ $1,280,481
Intangible Assets$2,271,709$2,214,535▼ $57,174
Prepaid Expenses and Deferred Charges$553,276$671,734▲ $118,458
Accounts Receivable$148,659$564,752▲ $416,093
Cash and Non-Interest-Bearing Accounts$2,299$330,244▲ $327,945
Total Assets$66,776,785$65,580,291▼ $1,196,494
Other Assets Total$3,472,126$2,750,791▼ $721,335
Liabilities
Mortgage Notes Payable Secured by Investment Property$63,391,335$62,798,371▼ $592,964
Accounts Payable and Accrued Expenses$442,849$1,987,560▲ $1,544,711
Other Liabilities$55,129$56,903▲ $1,774
Deferred Revenue$29,162$30,150▲ $988
Total Liabilities$63,918,475$64,872,984▲ $954,509
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,858,310$707,307▼ $2,151,003
Total Net Assets Fund Balance$2,858,310$707,307▼ $2,151,003
Total Liabilities and Net Assets / Fund Balance$66,776,785$65,580,291▼ $1,196,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$56,521,216$12,884,941$69,406,157
Equipment$1,550,319$1,026,092$2,576,411
Land$976,700-$976,700
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Donald SmithPresident/treasurer
Joseph MalewichVice President
Alexandra HollandDirector
Audrey HortonDirector
Barbara WoodsDirector
Daniel FoleyDirector
Denise LeonardDirector
Honey BerkDirector
James LoflandDirector
John LicastroDirector
Ken SidlowskiDirector
Mary GleasonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Arco Management CorpManagement & Consulting4 EXECUTIVE BLVD SUITE 100, Suffern, NY 10901$218,876
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,983,722
Investment Income
$6,054
Other Revenue
$0
Change in Net Assets
$-2,151,003

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,989,776
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,989,776
Total Revenue per Form 990
$7,989,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,908,724
Salaries, Compensation, and Employee Benefits$1,232,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,481,786--$3,481,786
Occupancy$2,588,063--$2,588,063
Depreciation Depletion$1,929,266--$1,929,266
Other Salaries and Wages$877,517--$877,517
Other Employee Benefits$269,601--$269,601
Insurance$254,396--$254,396
Fees for Services Management-$218,876-$218,876
Payroll Taxes$84,937--$84,937
Fees for Services Legal-$39,795-$39,795
Office Expenses$35,359--$35,359
Fees for Services Other-$29,980-$29,980
Other Expenses$16,558$27,444-$16,558
Fees for Services Accounting-$10,000-$10,000
All Other Expenses-$5,507-$5,507
Conferences and Meetings-$301-$301
Total Functional Expenses$9,808,876$331,903$0$10,140,779

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,140,779
Total Expenses per Audited Statements$10,140,779
Total Expenses per Form 990$10,140,779
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$56,903
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property is managed by arco management corp.”

Form 990, Part VI, Section B, Line 11B

“A tentative draft of the form 990 is prepared by outside accountants and sent to the organization's legal counsel. The counsel reviews and discusses the return with the governing body along with the underlying financial statements. Any suggested changes or comments and questions are then discussed with the outside accountants.”

Form 990, Part VI, Section B, Line 12C

“Each officer and director is required to annually disclose interests that could give rise to conflicts at a board meeting. If an item of conflict comes to surface, the board discusses and votes on it before awarding any contracts.”

Form 990, Part VI, Section C, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Associated Blind Housing Development
EIN
13-2951474
Phone
8453682400
Address
4 EXECUTIVE BLVD NO 100, SUFFERN, NY 10901

Signing Officer

Name
Donald Smith
Title
President
Phone
8453682400
Signed
2020-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Smith
Formed
1978
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The preparation of financial statements in accordance with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and has measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities.”

Raw XML AppendixShowing 400 of 463 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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IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO BLIND AND LOW INCOME INDIVIDUALS OF SUFFERN, NY INCLUDING FEDERALLY SUBSIDIZED RENTAL ASSISTANCE UNDER A SECTION 8 HOUSING ASSISTANCE PAYMENTS CONTRACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt063391335
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt062798371
IRS990/NetAssetsOrFundBalancesBOYAmt02858310
IRS990/NetAssetsOrFundBalancesEOYAmt0707307
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02858310
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0707307
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02588063
IRS990/OccupancyGrp/TotalAmt02588063
IRS990/OfficeExpensesGrp/ProgramServicesAmt035359
IRS990/OfficeExpensesGrp/TotalAmt035359
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03472126
IRS990/OtherAssetsTotalGrp/EOYAmt02750791
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0269601
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0269601
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc2RESIDENT EVENTS
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027444
IRS990/OtherExpensesGrp/ProgramServicesAmt0247117
IRS990/OtherExpensesGrp/ProgramServicesAmt124276
IRS990/OtherExpensesGrp/ProgramServicesAmt216558
IRS990/OtherExpensesGrp/TotalAmt0247117
IRS990/OtherExpensesGrp/TotalAmt127444
IRS990/OtherExpensesGrp/TotalAmt224276
IRS990/OtherExpensesGrp/TotalAmt316558
IRS990/OtherLiabilitiesGrp/BOYAmt055129
IRS990/OtherLiabilitiesGrp/EOYAmt056903
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0877517
IRS990/OtherSalariesAndWagesGrp/TotalAmt0877517
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt084937
IRS990/PayrollTaxesGrp/TotalAmt084937
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0553276
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0671734
IRS990/PrincipalOfficerNm0DONALD SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07966077
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07966077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117645
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06736
IRS990/PYOtherExpensesAmt07558514
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07594186
IRS990/PYRevenuesLessExpensesAmt0-1170688
IRS990/PYSalariesCompEmpBnftPaidAmt01213096
IRS990/PYTotalExpensesAmt08771610
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07600922
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2151003
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07983722
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06736
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0877
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0590
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07983722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07594186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07396734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04911944
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02775063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt030661649
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06736
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0877
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016130
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt030661649
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07983722
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07594186
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07396734
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04911944
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02775063
IRS990ScheduleA/Total509Grp/TotalAmt030661649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07989776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07600922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07398607
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04912821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02775653
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt030677779
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt056521216
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012884941
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt069406157
IRS990ScheduleD/EquipmentGrp/BookValueAmt01550319
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01026092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02576411
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010140779
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0976700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0976700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07989776
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059048235
IRS990ScheduleD/TotalExpensesPerForm990Amt010140779
IRS990ScheduleD/TotalLiabilityAmt056903
IRS990ScheduleD/TotalRevenuePerForm990Amt07989776
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07989776
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010140779
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY ARCO MANAGEMENT CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A TENTATIVE DRAFT OF THE FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND SENT TO THE ORGANIZATION'S LEGAL COUNSEL. THE COUNSEL REVIEWS AND DISCUSSES THE RETURN WITH THE GOVERNING BODY ALONG WITH THE UNDERLYING FINANCIAL STATEMENTS. ANY SUGGESTED CHANGES OR COMMENTS AND QUESTIONS ARE THEN DISCUSSED WITH THE OUTSIDE ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH OFFICER AND DIRECTOR IS REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT A BOARD MEETING. IF AN ITEM OF CONFLICT COMES TO SURFACE, THE BOARD DISCUSSES AND VOTES ON IT BEFORE AWARDING ANY CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt066776785
IRS990/TotalAssetsEOYAmt065580291
IRS990/TotalAssetsGrp/BOYAmt066776785
IRS990/TotalAssetsGrp/EOYAmt065580291
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0331903
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09808876
IRS990/TotalFunctionalExpensesGrp/TotalAmt010140779
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063918475
IRS990/TotalLiabilitiesEOYAmt064872984

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,580,291
Liabilities
$64,872,984
Net assets
$707,307
Revenue
$7,989,776
Expenses
$10,140,779
Net income
-$2,151,003
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$63.2$68.2$4.99$12.4$9.53$2.90
2024Detailed filing. Detailed filing data is available for this year.$61.8$69.7$7.89$11.9$9.70$2.20
2023Detailed filing. Detailed filing data is available for this year.$61.2$71.3$10.1$10.9$9.12$1.76
2022Detailed filing. Detailed filing data is available for this year.$60.9$72.8$11.8$8.38$8.56$0.18
2021Detailed filing. Detailed filing data is available for this year.$62.6$74.2$11.7$8.17$20.5$12.4
2020Detailed filing. Detailed filing data is available for this year.$65.6$64.9$0.71$7.99$10.1$2.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.8$63.9$2.86$7.60$8.77$1.17
2018Detailed filing. Detailed filing data is available for this year.$67.4$63.4$4.03$7.40$6.92$0.48
2017Detailed filing. Detailed filing data is available for this year.$59.4$55.9$3.55$4.91$3.02$1.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.1$40.4$1.66$2.78$2.74$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$28.2$1.62$2.85$3.26$0.40
2014Detailed filing. Detailed filing data is available for this year.$13.3$11.3$2.02$3.64$2.87$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.69$5.44$1.25$3.23$2.86$0.37
2012Summary only. Only limited summary data is available for this year.$6.91$6.03$0.88$3.27$2.86$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$6.35$0.47$3.00