Civic Intelligence

Cephas Housing Development Fund Co Inc

990 • Fiscal year 2016 • EIN 13-3546669

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

8 Bashford StreetYonkers, NY 10701

(914) 345-2800

Siviq Scores

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

Liabilities / Assets

84th percentile

0.50x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

2.85x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

12th percentile

-25%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$227,210

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 153.3% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

25th percentile

-5.1%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-1.8%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$853,913

Down $45,942 (-5.1%) from 2015

Net Assets

Down

$431,191

Down $37,784 (-8.1%) from 2015

Liabilities

Down

$422,722

Down $8,158 (-1.9%) from 2015

Revenue

Down

$148,203

Down $2,704 (-1.8%) from 2015

Expenses

Down

$185,987

Down $26,562 (-12%) from 2015

Net Income

Up

-$37,784

Up $23,858 (+39%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,284,523Liabilities 2010: $420,415Net Assets 2010: $864,1082010Assets 2011: $1,174,435Liabilities 2011: $402,934Net Assets 2011: $771,5012011Assets 2012: $1,093,897Liabilities 2012: $397,890Net Assets 2012: $696,0072012Assets 2013: $1,006,722Liabilities 2013: $411,901Net Assets 2013: $594,8212013Assets 2014: $947,840Liabilities 2014: $417,223Net Assets 2014: $530,6172014Assets 2015: $899,855Liabilities 2015: $430,880Net Assets 2015: $468,9752015Assets 2016: $853,913Liabilities 2016: $422,722Net Assets 2016: $431,1912016Assets 2017: $963,632Liabilities 2017: $98,371Net Assets 2017: $865,2612017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$853,913
Liabilities$422,722
Net Assets$431,191

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $204,4862010Expenses 2011: $210,9652011Expenses 2012: $208,1062012Revenue 2013: $127,712Expenses 2013: $228,898Net Income 2013: -$101,1862013Revenue 2014: $139,084Expenses 2014: $203,288Net Income 2014: -$64,2042014Revenue 2015: $150,907Expenses 2015: $212,549Net Income 2015: -$61,6422015Revenue 2016: $148,203Expenses 2016: $185,987Net Income 2016: -$37,7842016Revenue 2017: $636,089Expenses 2017: $202,019Net Income 2017: $434,0702017Revenue 2018: $2,249Expenses 2018: $867,510Net Income 2018: -$865,2612018

Highlighted filing

2016

Revenue$148,203
Expenses$185,987
Net Income-$37,784
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$148,203
Mission and Program Overview

Mission

The agency developed and now operates, on a non-profit basis, a housing project for persons of low income in yonkers, new york where no adequate housing exists for such persons.

The agency operates a housing project for persons of low income in yonkers, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$885,521$835,135▼ $50,386
Accounts Receivable$2,737$8,181▲ $5,444
Prepaid Expenses and Deferred Charges$6,925$7,293▲ $368
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
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$899,855$853,913▼ $45,942
Other Assets Total$4,672$3,304▼ $1,368
Liabilities
Mortgage Notes Payable Secured by Investment Property$330,840$320,138▼ $10,702
Other Liabilities$59,195$75,521▲ $16,326
Accounts Payable and Accrued Expenses$40,845$27,063▼ $13,782
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$430,880$422,722▼ $8,158
Net Assets / Fund Balance
Unrestricted Net Assets$314,035$431,191▲ $117,156
Temporarily Rstr Net Assets$154,940$0▼ $154,940
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$468,975$431,191▼ $37,784
Total Liabilities and Net Assets / Fund Balance$899,855$853,913▼ $45,942

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$835,135$1,180,324$2,015,459
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard NightingalePresident
Kenneth BelferSecretary/treasurer
Patricia VitelliTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$64,415
Program Service Revenue
$83,788
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-37,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$146,577
Revenue Not Reported on Financial Statements
$1,626
Other Revenue Adjustments
$1,626
Total Revenue per Audited Statements
$146,577
Total Revenue per Form 990
$148,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,619
Salaries, Compensation, and Employee Benefits$9,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$66,215--$66,215
Depreciation Depletion$50,386--$50,386
Interest$21,791--$21,791
Insurance$14,218--$14,218
Fees for Services Management-$11,496-$11,496
Other Salaries and Wages$7,643--$7,643
Fees for Services Legal$6,803--$6,803
Fees for Services Accounting-$4,500-$4,500
Information Technology$953--$953
Other Employee Benefits$807--$807
Payroll Taxes$736--$736
Office Expenses$250--$250
Pension Plan Contributions$182--$182
Fees for Services Other$7--$7
Total Functional Expenses$169,991$15,996$0$185,987

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$185,987
Expenses per Audited Statements$184,361
Total Expenses per Audited Statements$184,361
Expenses Not Reported on Financial Statements$1,626
Other Expense Adjustments$1,626
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
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
Due to Westhab, Inc.$60,094
Tenant Security Deposit$11,879
Prepaid Rent$3,548
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
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

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

The organization distributes a copy of the draft 990 to the board for review. Questions are then presented to the treasurer for follow up.

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

Once a year board members complete a review of the conflict of interest policy and complete disclosures.

Filing and Contact Details

Filer

Filer Name
Cephas Housing Development Fund Co Inc
EIN
13-3546669
In Care Of
% PATRICIA VITELLI
Phone
9143452800
Address
8 BASHFORD STREET, YONKERS, NY 10701

Signing Officer

Name
Richard Nightingale
Title
president
Phone
9143452800
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Nightingale
Formed
1986
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
Michael Pintabone
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Schedule D, part X, Line 2

The Company is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been recorded in the statements of activities and changes in net assets. The Company has no unrecognized tax liabilities as of December 31, 2016 and 2015. In addition, the Company has no income tax related penalties or interest for the periods presented in these financial statements.

Schedule D, Part XI and XII, Line 4B

Bad debt recovery of $1,626.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt073421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt062028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt037100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0271565
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0461544
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99996
IRS990ScheduleA/PublicSupportPY170Pct00.98865
IRS990ScheduleA/PublicSupportTotal170Amt0271565
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt073421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt062028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034601
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt037100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0271565
IRS990ScheduleA/TotalSupportAmt0271575
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0835135
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01180324
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02015459
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01626
IRS990ScheduleD/ExpensesSubtotalAmt0184361
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt01626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO WESTHAB, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01626
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01626
IRS990ScheduleD/RevenueSubtotalAmt0146577
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Company is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been recorded in the statements of activities and changes in net assets. The Company has no unrecognized tax liabilities as of December 31, 2016 and 2015. In addition, the Company has no income tax related penalties or interest for the periods presented in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Bad debt recovery of $1,626.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI and XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0835135
IRS990ScheduleD/TotalExpensesPerForm990Amt0185987
IRS990ScheduleD/TotalLiabilityAmt075521
IRS990ScheduleD/TotalRevenuePerForm990Amt0148203
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0146577
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0184361
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0201663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1135333
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2146083
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15413
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt25843
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt118384
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt21967
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Richard Nightingale
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Patricia Vitelli
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KENNETH BELFER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY/TREASURER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0227210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1159130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2153893
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DISTRIBUTES A COPY OF THE DRAFT 990 TO THE BOARD FOR REVIEW. QUESTIONS ARE THEN PRESENTED TO THE TREASURER FOR FOLLOW UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONCE A YEAR BOARD MEMBERS COMPLETE A REVIEW OF THE CONFLICT OF INTEREST POLICY AND COMPLETE DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false

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