Civic Intelligence

Yonkers Downtown Waterfront Development Corporation

990 • Fiscal year 2014 • EIN 13-3798295

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

87 Nepperhan Avenue No 307Yonkers, NY 10701

(914) 377-6080

Siviq Scores

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

Liabilities / Assets

89th percentile

0.99x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

3.72x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Asset Growth

63rd percentile

4.9%

Faster asset growth than 63% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

84th percentile

39%

Faster revenue growth than 84% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,210,295

Up $149,191 (+4.9%) from 2013

Net Assets

Up

$28,958

Up $269,707 (+112%) from 2013

Liabilities

Down

$3,181,337

Down $120,516 (-3.6%) from 2013

Revenue

Up

$856,045

Up $240,180 (+39%) from 2013

Expenses

Up

$586,338

Up $180,940 (+45%) from 2013

Net Income

Up

$269,707

Up $59,240 (+28%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,577,761Liabilities 2010: $4,681,496Net Assets 2010: -$1,103,7352010Assets 2011: $3,402,064Liabilities 2011: $4,292,969Net Assets 2011: -$890,9052011Assets 2012: $3,454,577Liabilities 2012: $3,905,793Net Assets 2012: -$451,2162012Assets 2013: $3,061,104Liabilities 2013: $3,301,853Net Assets 2013: -$240,7492013Assets 2014: $3,210,295Liabilities 2014: $3,181,337Net Assets 2014: $28,9582014Assets 2015: $2,126,062Liabilities 2015: $1,859,228Net Assets 2015: $266,8342015Assets 2016: $651,615Liabilities 2016: $35,815Net Assets 2016: $615,8002016Assets 2017: $554,128Liabilities 2017: $29,645Net Assets 2017: $524,4832017Assets 2018: $363,382Liabilities 2018: $29,645Net Assets 2018: $333,7372018Assets 2019: $340,968Liabilities 2019: $29,672Net Assets 2019: $311,2962019Assets 2020: $319,990Liabilities 2020: $27,672Net Assets 2020: $292,3182020Assets 2021: $300,838Liabilities 2021: $25,672Net Assets 2021: $275,1662021Assets 2022: $283,795Liabilities 2022: $10,000Net Assets 2022: $273,7952022Assets 2023: $267,257Liabilities 2023: $6,500Net Assets 2023: $260,7572023Assets 2024: $251,679Liabilities 2024: $8,650Net Assets 2024: $243,0292024

Highlighted filing

2014

Assets$3,210,295
Liabilities$3,181,337
Net Assets$28,958

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,230,4622010Expenses 2011: $2,555,9182011Expenses 2012: $1,721,9612012Revenue 2013: $615,865Expenses 2013: $405,398Net Income 2013: $210,4672013Revenue 2014: $856,045Expenses 2014: $586,338Net Income 2014: $269,7072014Revenue 2015: $581,887Expenses 2015: $344,011Net Income 2015: $237,8762015Revenue 2016: $554,408Expenses 2016: $205,442Net Income 2016: $348,9662016Revenue 2017: $229Expenses 2017: $91,546Net Income 2017: -$91,3172017Revenue 2018: $169Expenses 2018: $47,479Net Income 2018: -$47,3102018Revenue 2019: $316Expenses 2019: $22,757Net Income 2019: -$22,4412019Revenue 2020: $243Expenses 2020: $19,221Net Income 2020: -$18,9782020Revenue 2021: $69Expenses 2021: $17,221Net Income 2021: -$17,1522021Revenue 2022: $15,979Expenses 2022: $17,350Net Income 2022: -$1,3712022Revenue 2023: $1,074Expenses 2023: $14,112Net Income 2023: -$13,0382023Revenue 2024: $642Expenses 2024: $16,370Net Income 2024: -$15,7282024

Highlighted filing

2014

Revenue$856,045
Expenses$586,338
Net Income$269,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$856,045
Mission and Program Overview

Mission

To encourage the development and retention of jobs, business and industry, to foster projects for commercial, retail, and residential uses & jobs and to develop the city of yonkers downtown waterfront area.

To encourage the development and retention of jobs, business and industry, to foster projects for commerical, retail & residential uses. To develop the city of yonkers downtown waterfront area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,695,419$1,639,786▼ $55,633
Accounts Receivable$1,065,405$1,297,404▲ $231,999
Cash and Non-Interest-Bearing Accounts$165,114$142,464▼ $22,650
Prepaid Expenses and Deferred Charges$25,791$27,850▲ $2,059
Savings and Temporary Cash Investments$11,233$11,350▲ $117
Total Assets$3,061,104$3,210,295▲ $149,191
Other Assets Total$98,142$91,441▼ $6,701
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,509,374$1,499,069▼ $10,305
Other Liabilities$1,591,091$1,449,802▼ $141,289
Accounts Payable and Accrued Expenses$189,278$220,356▲ $31,078
Escrow Account Liability$12,110$12,110→ $0
Total Liabilities$3,301,853$3,181,337▼ $120,516
Net Assets / Fund Balance
Unrestricted Net Assets$-240,749$28,958▲ $269,707
Total Net Assets Fund Balance$-240,749$28,958▲ $269,707
Total Liabilities and Net Assets / Fund Balance$3,061,104$3,210,295▲ $149,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$981,301$859,897$1,841,198
Land$658,485-$658,485
Equipment$0$10,341$10,341
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mayor Mike SpanoChairman
Susan GerryDeputy Mayor/acting Chair
Alfonso AlvarezBoard Member
Bob WaltersBoard Member
Christine ScultiBoard Member
Christopher a JohnsonBoard Member
Jerold GoldmanBoard Member
Ken JenkinsBoard Member
Ronald SchutteBoard Member
Jeffrey KleinBoard Member-term Ended in 2014
William MascettaBoard Member-term Ended June 2014
Wilson KimballExecutive Director
John DelaneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$440,934
Program Service Revenue
$414,896
Investment Income
$215
Other Revenue
$0
Change in Net Assets
$269,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$856,045
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$856,045
Total Revenue per Form 990
$856,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$586,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$120,700--$120,700
Occupancy$96,774--$96,774
Depreciation Depletion$55,633--$55,633
Fees for Services Accounting-$39,000-$39,000
Fees for Services Other$23,785--$23,785
Insurance$16,264--$16,264
Other Expenses$4,652--$4,652
Advertising$1,343--$1,343
Total Functional Expenses$547,338$39,000$0$586,338

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$586,338
Total Expenses per Audited Statements$586,338
Total Expenses per Form 990$586,338
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
Loans Payable to Related Organization$1,449,802
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members of the public who represent business, banking, labor, education, environmental organizations, cultural institutions and the community, or other professionals, are eligible to serve as members of the corporation. Membership shall consist of six members, each of whom shall serve on the board of directors of the corporation. Members shall be appointed by the mayor of the city of yonkers and shall each serve a three-year term.

Form 990, Part VI, Section A, Line 7A

Any or all of the directors may be removed for cause or without cause by the members.

Form 990, Part VI, Section B, Line 11

The corporation's executive director, wilson kimball, and the treasurer, john delaney, review the form 990 prior to submission.

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

The members of the board periodically review compliance with the conflict of interest policy, at every board meeting members are required to disclose if there any possible conflicts. No director, officer or employee of the corporation shall have or shall acquire any interest, direct or indirect, in any project which the corporation is promoting, or in any contract or proposed contract for material or services, or in any lease, mortgage, sale or contract of any nature whatever, relating to any such project or to the corporation, without forthwith making written disclosure to the corporation of the nature and extent of his/her interest. Such disclosure shall be entered in writing upon the minutes of the corporation. No director who has such interest shall vote on any matter relating to such interest. At the discretion of the board of directors, the acquisition or continuation of any such interest may be deemed cause for removal.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization at (914)377-6080.

Filing and Contact Details

Filer

Filer Name
Yonkers Downtown Waterfront
EIN
13-3798295
Phone
9143776080
Address
87 NEPPERHAN AVENUE NO 307, YONKERS, NY 10701

Signing Officer

Name
Wilson Kimball
Title
Executive Director
Phone
9143776080
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wilson Kimball
Formed
1994
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
13

Preparer

Firm
O'CONNOR DAVIES LLP
Address
500 MAMARONECK AVENUE, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organizations board assumes responsibility for the oversight of the audit of its financial statements and selection of its independent auditor. The policy for selection and oversight of the independent auditors has not changed since last year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposits from tenants in an escrow account. These deposits are returned to the tenants once they move out of the space.

PART X, LINE 2:

The corporation recognizes the effect of income tax positions only if the positions are more likely than not to be sustained. Management has determined that the corporation had no uncertain tax positions that would require financial statement recognition or disclosure. The corporation is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to december 31, 2011.

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IRS990/MissionDesc0TO ENCOURAGE THE DEVELOPMENT AND RETENTION OF JOBS, BUSINESS AND INDUSTRY, TO FOSTER PROJECTS FOR COMMERCIAL, RETAIL, AND RESIDENTIAL USES & JOBS AND TO DEVELOP THE CITY OF YONKERS DOWNTOWN WATERFRONT AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01509374
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01499069
IRS990/NetAssetsOrFundBalancesBOYAmt0-240749
IRS990/NetAssetsOrFundBalancesEOYAmt028958
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt096774
IRS990/OccupancyGrp/TotalAmt096774
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt098142
IRS990/OtherAssetsTotalGrp/EOYAmt091441
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DAYLIGHTING PROJECT EXP
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt0187886
IRS990/OtherExpensesGrp/ProgramServicesAmt140301
IRS990/OtherExpensesGrp/ProgramServicesAmt24652
IRS990/OtherExpensesGrp/TotalAmt0187886
IRS990/OtherExpensesGrp/TotalAmt140301
IRS990/OtherExpensesGrp/TotalAmt24652
IRS990/OtherLiabilitiesGrp/BOYAmt01591091
IRS990/OtherLiabilitiesGrp/EOYAmt01449802
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025791
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027850
IRS990/PrincipalOfficerNm0WILSON KIMBALL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0DAYLIGHTING PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0250000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1164896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0250000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1164896
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0449857
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0210
IRS990/PYOtherExpensesAmt0405398
IRS990/PYOtherRevenueAmt01295
IRS990/PYProgramServiceRevenueAmt0164503
IRS990/PYRevenuesLessExpensesAmt0210467
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0405398
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0615865
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0269707
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0414896
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011233
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011350
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE - 2010 AMOUNT: $ 3,819. 2011 AMOUNT: $ 58. 2012 AMOUNT: $ 11,420. 2013 AMOUNT: $ 1,295.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0440934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0449857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01949183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02662551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02324755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07827280
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0177942
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0200220
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0196052
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0574214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0210
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0136352
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0149092
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0286056
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0780259
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01295
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt011420
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03819
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016592
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96520
IRS990ScheduleA/PublicSupportPY170Pct00.96680
IRS990ScheduleA/PublicSupportTotal170Amt08401494
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0440934
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0449857
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02127125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02862771
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02520807
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08401494
IRS990ScheduleA/TotalSupportAmt08704142
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0981301
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0859897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01841198
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010341
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0586338
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0658485
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01449802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS PAYABLE TO RELATED ORGANIZATION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0856045
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE SPACE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01639786
IRS990ScheduleD/TotalExpensesPerForm990Amt0586338
IRS990ScheduleD/TotalLiabilityAmt01449802
IRS990ScheduleD/TotalRevenuePerForm990Amt0856045
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0856045
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0586338
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE PUBLIC WHO REPRESENT BUSINESS, BANKING, LABOR, EDUCATION, ENVIRONMENTAL ORGANIZATIONS, CULTURAL INSTITUTIONS AND THE COMMUNITY, OR OTHER PROFESSIONALS, ARE ELIGIBLE TO SERVE AS MEMBERS OF THE CORPORATION. MEMBERSHIP SHALL CONSIST OF SIX MEMBERS, EACH OF WHOM SHALL SERVE ON THE BOARD OF DIRECTORS OF THE CORPORATION. MEMBERS SHALL BE APPOINTED BY THE MAYOR OF THE CITY OF YONKERS AND SHALL EACH SERVE A THREE-YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY OR ALL OF THE DIRECTORS MAY BE REMOVED FOR CAUSE OR WITHOUT CAUSE BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION'S EXECUTIVE DIRECTOR, WILSON KIMBALL, AND THE TREASURER, JOHN DELANEY, REVIEW THE FORM 990 PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE BOARD PERIODICALLY REVIEW COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, AT EVERY BOARD MEETING MEMBERS ARE REQUIRED TO DISCLOSE IF THERE ANY POSSIBLE CONFLICTS. NO DIRECTOR, OFFICER OR EMPLOYEE OF THE CORPORATION SHALL HAVE OR SHALL ACQUIRE ANY INTEREST, DIRECT OR INDIRECT, IN ANY PROJECT WHICH THE CORPORATION IS PROMOTING, OR IN ANY CONTRACT OR PROPOSED CONTRACT FOR MATERIAL OR SERVICES, OR IN ANY LEASE, MORTGAGE, SALE OR CONTRACT OF ANY NATURE WHATEVER, RELATING TO ANY SUCH PROJECT OR TO THE CORPORATION, WITHOUT FORTHWITH MAKING WRITTEN DISCLOSURE TO THE CORPORATION OF THE NATURE AND EXTENT OF HIS/HER INTEREST. SUCH DISCLOSURE SHALL BE ENTERED IN WRITING UPON THE MINUTES OF THE CORPORATION. NO DIRECTOR WHO HAS SUCH INTEREST SHALL VOTE ON ANY MATTER RELATING TO SUCH INTEREST. AT THE DISCRETION OF THE BOARD OF DIRECTORS, THE ACQUISITION OR CONTINUATION OF ANY SUCH INTEREST MAY BE DEEMED CAUSE FOR REMOVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION AT (914)377-6080.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF YONKERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0136007340
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERNMENT AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt040 SOUTH BROADWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0YONKERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.00$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.02$0.02$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.03$0.28$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.29$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.31$0.00$0.02$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.33$0.00$0.05$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.03$0.52$0.00$0.09$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.04$0.62$0.55$0.21$0.35
2015Detailed filing. Detailed filing data is available for this year.$2.13$1.86$0.27$0.58$0.34$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.21$3.18$0.03$0.86$0.59$0.27
2013Detailed filing. Detailed filing data is available for this year.$3.06$3.30$0.24$0.62$0.41$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$3.91$0.45$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$4.29$0.89$2.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$4.68$1.10$2.23