Civic Intelligence

Rockland Opportunity Development Assoc Inc.

990 • Fiscal year 2020 • EIN 13-3676459

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 15, 2021

20 Ashel LaneMonsey, NY 10952

(845) 352-2932

Siviq Scores

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

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

2.53x

Higher debt load relative to revenue than 94% of similar nonprofits.

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

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

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

Top Officer Pay

33rd percentile

$48,000

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

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

Asset Growth

27th percentile

0.6%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

56th percentile

8.8%

Faster revenue growth than 56% of similar nonprofits.

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

Assets

Up

$3,474,658

Up $19,511 (+0.6%) from 2019

Net Assets

Up

$2,571,292

Up $90,898 (+3.7%) from 2019

Liabilities

Down

$903,366

Down $71,387 (-7.3%) from 2019

Revenue

Up

$356,537

Up $28,748 (+8.8%) from 2019

Expenses

Down

$265,639

Down $67,271 (-20%) from 2019

Net Income

Up

$90,898

Up $96,019 (+1875%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,781,370Liabilities 2011: $1,127,685Net Assets 2011: $2,653,6852011Assets 2012: $3,737,007Liabilities 2012: $1,129,533Net Assets 2012: $2,607,4742012Assets 2013: $3,724,378Liabilities 2013: $1,003,076Net Assets 2013: $2,721,3022013Assets 2014: $3,682,732Liabilities 2014: $999,135Net Assets 2014: $2,683,5972014Assets 2015: $3,624,941Liabilities 2015: $977,135Net Assets 2015: $2,647,8062015Assets 2016: $3,700,718Liabilities 2016: $1,100,114Net Assets 2016: $2,600,6042016Assets 2017: $3,556,983Liabilities 2017: $1,003,459Net Assets 2017: $2,553,5242017Assets 2018: $3,472,534Liabilities 2018: $987,019Net Assets 2018: $2,485,5152018Assets 2019: $3,455,147Liabilities 2019: $974,753Net Assets 2019: $2,480,3942019Assets 2020: $3,474,658Liabilities 2020: $903,366Net Assets 2020: $2,571,2922020Assets 2021: $3,429,781Liabilities 2021: $886,062Net Assets 2021: $2,543,7192021Assets 2022: $3,359,991Liabilities 2022: $907,127Net Assets 2022: $2,452,8642022Assets 2023: $3,379,998Liabilities 2023: $971,633Net Assets 2023: $2,408,3652023

Highlighted filing

2020

Assets$3,474,658
Liabilities$903,366
Net Assets$2,571,292

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $417,0792011Expenses 2012: $422,7062012Revenue 2013: $547,695Expenses 2013: $433,867Net Income 2013: $113,8282013Revenue 2014: $399,269Expenses 2014: $436,974Net Income 2014: -$37,7052014Revenue 2015: $425,281Expenses 2015: $461,072Net Income 2015: -$35,7912015Revenue 2016: $443,160Expenses 2016: $490,362Net Income 2016: -$47,2022016Revenue 2017: $365,101Expenses 2017: $412,181Net Income 2017: -$47,0802017Revenue 2018: $236,775Expenses 2018: $304,784Net Income 2018: -$68,0092018Revenue 2019: $327,789Expenses 2019: $332,910Net Income 2019: -$5,1212019Revenue 2020: $356,537Expenses 2020: $265,639Net Income 2020: $90,8982020Revenue 2021: $318,707Expenses 2021: $346,280Net Income 2021: -$27,5732021Revenue 2022: $347,626Expenses 2022: $438,481Net Income 2022: -$90,8552022Revenue 2023: $351,555Expenses 2023: $396,054Net Income 2023: -$44,4992023

Highlighted filing

2020

Revenue$356,537
Expenses$265,639
Net Income$90,898
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.0
Gross Receipts
$356,537
Mission and Program Overview

Mission

Rockland opportunity development association, inc. Has been formed to promote, foster, and improve the health welfare and economic status of the needy, elderly, and those living below the poverty level. They also seek to identify the employment, housing, and social service needs of this same category of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,411,485$3,363,038▼ $48,447
Pledges and Grants Receivable$13,795$57,318▲ $43,523
Cash and Non-Interest-Bearing Accounts$23,031$47,314▲ $24,283
Prepaid Expenses and Deferred Charges$6,836$6,988▲ $152
Total Assets$3,455,147$3,474,658▲ $19,511
Liabilities
Mortgage Notes Payable Secured by Investment Property$909,226$884,049▼ $25,177
Accounts Payable and Accrued Expenses-$12,001-
Other Liabilities$65,100$6,889▼ $58,211
Unsecured Notes Loans Payable$427$427→ $0
Total Liabilities$974,753$903,366▼ $71,387
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,480,394$2,571,292▲ $90,898
Total Net Assets Fund Balance$2,480,394$2,571,292▲ $90,898
Total Liabilities and Net Assets / Fund Balance$3,455,147$3,474,658▲ $19,511

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,908,327-$1,908,327
Buildings$1,454,711$434,734$1,889,445
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Israel NeimanPresidentPT$48,000$48,000

Board Members and Trustees

NameTitle
Moshe PinkasV. President
Isaac RosenbergOfficer
Meyer RosenfeldOfficer
Moshe HagerOfficer
Yechiel RosenbergSecretary
Joseph RaabTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$277,637
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$78,900
All Other Contributions
$76,805
Change in Net Assets
$90,898

Audited Revenue Reconciliation

Revenue per Audited Statements
$356,537
Total Revenue per Audited Statements
$356,537
Total Revenue per Form 990
$356,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,909
Salaries, Compensation, and Employee Benefits$105,730
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,958--$97,958
Depreciation Depletion-$48,447-$48,447
Occupancy$29,400--$29,400
Insurance$7,448$21,236-$28,684
Interest-$25,415-$25,415
Fees for Services Accounting$12,000--$12,000
Payroll Taxes$7,772--$7,772
Office Expenses-$4,739-$4,739
All Other Expenses$85$331-$416
Other Expenses$4,810$315-$315
Total Functional Expenses$159,473$106,166$0$265,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$265,639
Total Expenses per Audited Statements$265,639
Total Expenses per Form 990$265,639
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
Payroll Liabilities$6,889
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Additional members are appointed as needed and voted upon at a board meeting.

Form 990, Page 6, Part VI, Line 7B

Decisions subject to approval of members include all hiring and firing of personell, all financial decision making, any agreements entered into, any projects undertaken and any scope of services rendered.

Form 990, Page 6, Part VI, Line 11B

The board of directors receive a copy of the completed irs form 990 prior to its filing. They review the complete return with their fiscal officer and compare the information to the audited financial statements.

Form 990, Page 6, Part VI, Line 12C

Each board member annually signs a statement which affirms that he has received a copy of the conflicts of interest policy, has read and understands and has agreed to comply with the policy.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Rockland Opportunity Development
EIN
13-3676459
Phone
8453522932
Address
20 ASHEL LANE, MONSEY, NY 10952

Signing Officer

Name
Israel Neiman
Title
President
Phone
8453522932
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Israel Neiman
Formed
1990
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
8

Preparer

Firm
Aron E Muller CPA
Address
5513 12TH AVE STE 100, BROOKLYN, NY 11219
Preparer
Aron E Muller
Phone
7184379225
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Rockland opportunity development association, inc. Has been formed to promote, foster, and improve the health welfare and economic status of the needy, elderly, and those living below the poverty level. They also seek to identify the employment, housing, and social service needs of this same category of the community.

Form 990, Page 2, Part III, Line 4D

The organization has engaged in a senior citizens outreach program and senior citizens center. They advise them of various governmental services available to them. The organization has also engaged in social service needs of the community. I.e. Housing, education, health and other related areas, as well as a youth program.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0277637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0253389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0162375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0290701
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0367260
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01351362
IRS990ScheduleA/TotalSupportAmt01351362
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/BookValueAmt01454711
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0434734
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01889445
IRS990ScheduleD/ExpensesSubtotalAmt0265639
IRS990ScheduleD/LandGrp/BookValueAmt01908327
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01908327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0356537
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03363038
IRS990ScheduleD/TotalExpensesPerForm990Amt0265639
IRS990ScheduleD/TotalLiabilityAmt06889
IRS990ScheduleD/TotalRevenuePerForm990Amt0356537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0356537
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0265639
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CONGREGATION KHAL TORATH CHAIM INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1ROCKLAND OPPORTUNITY DEVELOPMENT AS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASED OFFICES & CLA
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROCKLAND OPPORTUNITY DEVELOPMENT ASSOCIATION, INC. HAS BEEN FORMED TO PROMOTE, FOSTER, AND IMPROVE THE HEALTH WELFARE AND ECONOMIC STATUS OF THE NEEDY, ELDERLY, AND THOSE LIVING BELOW THE POVERTY LEVEL. THEY ALSO SEEK TO IDENTIFY THE EMPLOYMENT, HOUSING, AND SOCIAL SERVICE NEEDS OF THIS SAME CATEGORY OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ENGAGED IN A SENIOR CITIZENS OUTREACH PROGRAM AND SENIOR CITIZENS CENTER. THEY ADVISE THEM OF VARIOUS GOVERNMENTAL SERVICES AVAILABLE TO THEM. THE ORGANIZATION HAS ALSO ENGAGED IN SOCIAL SERVICE NEEDS OF THE COMMUNITY. I.E. HOUSING, EDUCATION, HEALTH AND OTHER RELATED AREAS, AS WELL AS A YOUTH PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADDITIONAL MEMBERS ARE APPOINTED AS NEEDED AND VOTED UPON AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS SUBJECT TO APPROVAL OF MEMBERS INCLUDE ALL HIRING AND FIRING OF PERSONELL, ALL FINANCIAL DECISION MAKING, ANY AGREEMENTS ENTERED INTO, ANY PROJECTS UNDERTAKEN AND ANY SCOPE OF SERVICES RENDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS RECEIVE A COPY OF THE COMPLETED IRS FORM 990 PRIOR TO ITS FILING. THEY REVIEW THE COMPLETE RETURN WITH THEIR FISCAL OFFICER AND COMPARE THE INFORMATION TO THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH BOARD MEMBER ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT HE HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS AND HAS AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, 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/TotalAssetsBOYAmt03455147
IRS990/TotalAssetsEOYAmt03474658
IRS990/TotalAssetsGrp/BOYAmt03455147
IRS990/TotalAssetsGrp/EOYAmt03474658
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0277637
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106166
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159473
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0974753
IRS990/TotalLiabilitiesEOYAmt0903366
IRS990/TotalLiabilitiesGrp/BOYAmt0974753
IRS990/TotalLiabilitiesGrp/EOYAmt0903366
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02480394
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02571292
IRS990/TotalProgramServiceExpensesAmt0159473
IRS990/TotalReportableCompFromOrgAmt048000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078900
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0356537
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03455147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03474658
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0427
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0427
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 KASER TERRACE
IRS990/USAddress/CityNm0MONSEY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010952
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ISRAEL NEIMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08453522932
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCKLAND OPPORTUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0133676459
ReturnHeader/Filer/PhoneNum08453522932
ReturnHeader/Filer/USAddress/AddressLine1Txt020 ASHEL LANE
ReturnHeader/Filer/USAddress/CityNm0MONSEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010952
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113347963
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARON E MULLER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05513 12TH AVE STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011219
ReturnHeader/PreparerPersonGrp/PhoneNum07184379225
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARON E MULLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-06-18T12:46:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ISRAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEIMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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