Civic Intelligence

Audubon Partnership for Economic Development Local Dev Corporation

990 • Fiscal year 2014 • EIN 13-3927797

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 27, 2015

311 East 175 StreetBronx, NY 10457

(212) 544-2470

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.87x

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

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

10.23x

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

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Net Margin

2nd percentile

-401%

Higher net margin than 2% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Top Officer Pay

87th percentile

$43,269

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 128.4% of source-year revenue.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Asset Growth

21st percentile

-15%

Faster asset growth than 21% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-84%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$397,188

Down $71,916 (-15%) from 2013

Net Assets

Down

$52,700

Down $134,941 (-72%) from 2013

Liabilities

Up

$344,488

Up $63,025 (+22%) from 2013

Revenue

Down

$33,688

Down $182,442 (-84%) from 2013

Expenses

Down

$168,629

Down $106,095 (-39%) from 2013

Net Income

Down

-$134,941

Down $76,347 (-130%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $547,560Liabilities 2010: $123,304Net Assets 2010: $424,2562010Assets 2011: $491,257Liabilities 2011: $132,722Net Assets 2011: $358,5352011Assets 2012: $442,823Liabilities 2012: $196,588Net Assets 2012: $246,2352012Assets 2013: $469,104Liabilities 2013: $281,463Net Assets 2013: $187,6412013Assets 2014: $397,188Liabilities 2014: $344,488Net Assets 2014: $52,7002014Assets 2015: $372,368Liabilities 2015: $389,351Net Assets 2015: -$16,9832015Assets 2016: $348,757Liabilities 2016: $504,209Net Assets 2016: -$155,4522016Assets 2017: $1,531,585Liabilities 2017: $1,738,540Net Assets 2017: -$206,9552017Assets 2018: $1,417,413Liabilities 2018: $1,723,760Net Assets 2018: -$306,3472018Assets 2019: $1,471,064Liabilities 2019: $1,876,580Net Assets 2019: -$405,5162019Assets 2020: $1,471,052Liabilities 2020: $1,977,695Net Assets 2020: -$506,6432020Assets 2022: $1,334,351Liabilities 2022: $2,141,373Net Assets 2022: -$807,0222022

Highlighted filing

2014

Assets$397,188
Liabilities$344,488
Net Assets$52,700

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2010: $287,798Expenses 2010: $409,455Net Income 2010: -$121,6572010Expenses 2011: $319,7132011Expenses 2012: $308,7942012Revenue 2013: $216,130Expenses 2013: $274,724Net Income 2013: -$58,5942013Revenue 2014: $33,688Expenses 2014: $168,629Net Income 2014: -$134,9412014Revenue 2015: $10,628Expenses 2015: $80,311Net Income 2015: -$69,6832015Revenue 2016: $0Expenses 2016: $138,469Net Income 2016: -$138,4692016Revenue 2017: $2,000Expenses 2017: $53,503Net Income 2017: -$51,5032017Revenue 2018: $0Expenses 2018: $99,392Net Income 2018: -$99,3922018Revenue 2019: $2,000Expenses 2019: $101,169Net Income 2019: -$99,1692019Revenue 2020: $0Expenses 2020: $101,127Net Income 2020: -$101,1272020Revenue 2022: $157,894Expenses 2022: $390,843Net Income 2022: -$232,9492022

Highlighted filing

2014

Revenue$33,688
Expenses$168,629
Net Income-$134,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 27, 2015
Return Version
2014v5.0
Gross Receipts
$33,688
Mission and Program Overview

Mission

Provide programs designed to improve the quality of life, eliminate discrimination and combat community deterioration.

Provide programs designed to improve the quality of life, eliminate discrimination and combat community deteriration

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$426,912$395,709▼ $31,203
Accounts Receivable$4,000--
Cash and Non-Interest-Bearing Accounts$38,192$1,479▼ $36,713
Total Assets$469,104$397,188▼ $71,916
Liabilities
Accounts Payable and Accrued Expenses$222,909$179,774▼ $43,135
Other Liabilities$58,554$164,714▲ $106,160
Total Liabilities$281,463$344,488▲ $63,025
Net Assets / Fund Balance
Unrestricted Net Assets$187,641$52,700▼ $134,941
Total Net Assets Fund Balance$187,641$52,700▼ $134,941
Total Liabilities and Net Assets / Fund Balance$469,104$397,188▼ $71,916

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$182,360$386,812$569,172
Land$140,000-$140,000
Leasehold Improvements$73,349$39,086$112,435
Equipment-$34,217$34,217
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carmen Diaz-SantiagoExec DirectorFT$43,269$43,269

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,641
Investment Income
$0
Other Revenue
$31,047
Change in Net Assets
$-134,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,688
Total Revenue per Audited Statements
$33,688
Total Revenue per Form 990
$33,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,350
Salaries, Compensation, and Employee Benefits$50,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$15,000$28,269-$43,269
Depreciation Depletion$31,203--$31,203
Occupancy$30,846--$30,846
Insurance$14,233--$14,233
Fees for Services Accounting-$5,800-$5,800
All Other Expenses-$4,505-$4,505
Other Employee Benefits$1,453$2,271-$3,724
Payroll Taxes$1,000$2,286-$3,286
Office Expenses-$670-$670
Other Expenses$24,036$559-$559
Total Functional Expenses$119,958$48,671$0$168,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$168,629
Total Expenses per Audited Statements$168,629
Total Expenses per Form 990$168,629
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
Federal income taxes$156,004
Due to affiliate$6,710
Pension p-ayable$2,000
Tenant security deposit-
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 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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is made available to the board members for their review.

Form 990, Part VI, Section B, Line 12

Annually, board members sign conflict of interest statements.

Form 990, Part VI, Section B, Line 15

The executive director has not been given a raise in several years.

Form 990, Part VI, Section C, Line 19

Records are made available upon request, in the office.

Filing and Contact Details

Filer

Filer Name
Audubon Partnership for Economic Development Ldc
EIN
13-3927797
Phone
2125442470
Address
311 EAST 175 STREET, BRONX, NY 10457

Signing Officer

Name
Tomas Del Rio
Title
Treasurer
Signed
2015-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carmen Diaz-Satiago
Formed
1996
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Barry Popick CPA
Address
2048 Williamsbridge Road, Bronx, NY 10461
Preparer
Barry Popick
Phone
7325478437
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Records are made available upon request, in the office.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0469104
IRS990/TotalAssetsEOYAmt0397188
IRS990/TotalAssetsGrp/BOYAmt0469104
IRS990/TotalAssetsGrp/EOYAmt0397188
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IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0119958
IRS990/TotalFunctionalExpensesGrp/TotalAmt0168629
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0281463
IRS990/TotalLiabilitiesEOYAmt0344488
IRS990/TotalLiabilitiesGrp/BOYAmt0281463
IRS990/TotalLiabilitiesGrp/EOYAmt0344488
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0187641
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt052700
IRS990/TotalProgramServiceExpensesAmt0119958
IRS990/TotalProgramServiceRevenueAmt02641
IRS990/TotalReportableCompFromOrgAmt043269
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt033688
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0469104
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0397188
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0187641
IRS990/UnrestrictedNetAssetsGrp/EOYAmt052700
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0513 W 207th Street
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010034
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0AUDUBONPARTNERSHIP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tomas Del Rio
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUDUBON PARTNERSHIP FOR ECONOMIC DEVELOPMENT LDC
ReturnHeader/Filer/BusinessNameControlTxt0AUDU
ReturnHeader/Filer/EIN0133927797
ReturnHeader/Filer/PhoneNum02125442470
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 EAST 175 STREET
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010457
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barry Popick CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02048 Williamsbridge Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bronx
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010461
ReturnHeader/PreparerPersonGrp/PhoneNum07325478437
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barry Popick
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-10-27T06:39:08-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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