Civic Intelligence

Lantern Organization Inc.

990 • Fiscal year 2013 • EIN 13-3960661

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 02, 2014

Organization ProfileLANTERNCOMMUNITY.ORG

View Organization Page

494 Eighth Ave10001

(212) 292-8400

Siviq Scores

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

Liabilities / Assets

16th percentile

0.06x

Higher debt load relative to assets than 16% of similar nonprofits.

2013 filings • NTEE L • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

27th percentile

0.92x

Higher debt load relative to revenue than 27% of similar nonprofits.

2013 filings • NTEE L • $10M-$25M nonprofits • Source year 2013

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2013 filings • NTEE L • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

2nd percentile

-23%

Faster asset growth than 2% of similar nonprofits.

2013 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$11,389,363

Down $3,459,798 (-23%) from 2012

Net Assets

Up

$10,757,562

Up $128,159 (+1.2%) from 2012

Liabilities

Down

$631,801

Down $3,587,957 (-85%) from 2012

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin76th percentile

Revenue

$689,394

No earlier filing loaded for comparison.

Expenses

Down

$561,235

Down $87,180 (-13%) from 2012

Net Income

$128,159

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$60M$40M$20M$0Assets 2011: $13,577,567Liabilities 2011: $4,030,950Net Assets 2011: $9,546,6172011Assets 2012: $14,849,161Liabilities 2012: $4,219,758Net Assets 2012: $10,629,4032012Assets 2013: $11,389,363Liabilities 2013: $631,801Net Assets 2013: $10,757,5622013Assets 2014: $10,964,043Liabilities 2014: $83,206Net Assets 2014: $10,880,8372014Assets 2015: $10,921,158Liabilities 2015: $29,946Net Assets 2015: $10,891,2122015Assets 2016: $11,301,222Liabilities 2016: $155,221Net Assets 2016: $11,146,0012016Assets 2017: $23,501,354Liabilities 2017: $4,172,462Net Assets 2017: $19,328,8922017Assets 2018: $27,910,631Liabilities 2018: $8,412,945Net Assets 2018: $19,497,6862018Assets 2019: $33,079,496Liabilities 2019: $10,526,888Net Assets 2019: $22,552,6082019Assets 2020: $27,431,747Liabilities 2020: $4,060,026Net Assets 2020: $23,371,7212020Assets 2021: $27,995,063Liabilities 2021: $4,845,608Net Assets 2021: $23,149,4552021Assets 2022: $40,301,929Liabilities 2022: $9,360,937Net Assets 2022: $30,940,9922022Assets 2023: $54,988,060Liabilities 2023: $23,063,328Net Assets 2023: $31,924,7322023Assets 2024: $57,031,398Liabilities 2024: $23,224,031Net Assets 2024: $33,807,3672024

Highlighted filing

2013

Assets$11,389,363
Liabilities$631,801
Net Assets$10,757,562
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2011: $633,2272011Expenses 2012: $648,4152012Revenue 2013: $689,394Expenses 2013: $561,235Net Income 2013: $128,1592013Revenue 2014: $663,345Expenses 2014: $540,070Net Income 2014: $123,2752014Revenue 2015: $222,875Expenses 2015: $212,500Net Income 2015: $10,3752015Revenue 2016: $593,900Expenses 2016: $339,111Net Income 2016: $254,7892016Revenue 2017: $1,002,877Expenses 2017: $778,888Net Income 2017: $223,9892017Revenue 2018: $568,667Expenses 2018: $399,873Net Income 2018: $168,7942018Revenue 2019: $1,245,078Expenses 2019: $401,156Net Income 2019: $843,9222019Revenue 2020: $984,787Expenses 2020: $165,674Net Income 2020: $819,1132020Revenue 2021: $1,032,369Expenses 2021: $1,270,635Net Income 2021: -$238,2662021Revenue 2022: $14,682,075Expenses 2022: $5,962,360Net Income 2022: $8,719,7152022Revenue 2023: $17,036,290Expenses 2023: $16,052,550Net Income 2023: $983,7402023Revenue 2024: $20,764,803Expenses 2024: $18,508,922Net Income 2024: $2,255,8812024

Highlighted filing

2013

Revenue$689,394
Expenses$561,235
Net Income$128,159
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 2, 2014
Return Version
2013v3.1
Gross Receipts
$5,726,932
Mission and Program Overview

Mission

Develop housing for people with special needs.

Develop housing for people with special needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,057,356$8,619,580▲ $562,224
Savings and Temporary Cash Investments$4,129,905$772,058▼ $3,357,847
Land, Buildings, and Equipment, Net$821,365$770,466▼ $50,899
Accounts Receivable$480,000$337,000▼ $143,000
Cash and Non-Interest-Bearing Accounts$708,465$47,579▼ $660,886
Prepaid Expenses and Deferred Charges$14,357$46,760▲ $32,403
Total Assets$14,849,161$11,389,363▼ $3,459,798
Other Assets Total$637,713$795,920▲ $158,207
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,771,834$489,498▼ $3,282,336
Other Liabilities$363,063--
Accounts Payable and Accrued Expenses$84,861$142,303▲ $57,442
Total Liabilities$4,219,758$631,801▼ $3,587,957
Net Assets / Fund Balance
Unrestricted Net Assets$10,579,403$10,727,562▲ $148,159
Temporarily Rstr Net Assets$50,000$30,000▼ $20,000
Total Net Assets Fund Balance$10,629,403$10,757,562▲ $128,159
Total Liabilities and Net Assets / Fund Balance$14,849,161$11,389,363▼ $3,459,798

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$450,466$179,473$629,939
Land$320,000-$320,000
Other Assets Org$45,767--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
T Eric GallowayPresident
Melinda M Mlinac EsqBoard Member
Nathaniel WiceBoard Member
Craig HarwoodSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$55,000
Program Service Revenue
$478,000
Investment Income
$369,486
Other Revenue
$-213,092
All Other Contributions
$55,000
Change in Net Assets
$128,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$288,965
Other Expenses$272,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$288,965-$288,965
Interest-$70,512-$70,512
Depreciation Depletion$50,899--$50,899
Other Expenses-$11,750-$11,750
Insurance-$9,767-$9,767
All Other Expenses-$9,203-$9,203
Total Functional Expenses$50,899$510,336$0$561,235
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 8A

“NO”

Form 990, Page 6, Part VI, Line 8B

“NO”

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

“The completed 990 is submitted first to the audit committee for review. Once reviewed and approved by the audit committee, the 990 is circulated to the full board before it is filed with the irs.”

Form 990, Page 6, Part VI, Line 19

“Lantern makes its 990 available to the public through the new york state a ttorney general's website and upon written request to alan chan, controlle r, lantern organization, 42 w. 39th street, 14th floor, ny, ny 10018.”

Filing and Contact Details

Filer

EIN
13-3960661
Phone
2122928400

Signing Officer

Name
T Eric Galloway
Title
President
Phone
2122928400
Signed
2014-10-02
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
2

Preparer

Preparer
Michael W Carlon
Phone
9736679100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 50,899”

Raw XML AppendixShowing 400 of 427 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPLETED 990 IS SUBMITTED FIRST TO THE AUDIT COMMITTEE FOR REVIEW. ONCE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE, THE 990 IS CIRCULATED TO THE FULL BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LANTERN MAKES ITS 990 AVAILABLE TO THE PUBLIC THROUGH THE NEW YORK STATE A TTORNEY GENERAL'S WEBSITE AND UPON WRITTEN REQUEST TO ALAN CHAN, CONTROLLE R, LANTERN ORGANIZATION, 42 W. 39TH STREET, 14TH FLOOR, NY, NY 10018.
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11SCHAFER MEWS HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12CLOVER HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine13BILANDER HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine14MICASA HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine15AUDUBON HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine16HOME FIRST HDFC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133987841
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5NY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1042 W 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1142 W 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1242 W 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1342 W 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1442 W 39TH STREET 14TH FLOOR
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1642 W 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City2NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City3NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City4NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City5NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City6NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt014849161
IRS990/TotalAssetsGrp/EOYAmt011389363
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt055000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0510336
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt050899
IRS990/TotalFunctionalExpensesGrp/TotalAmt0561235
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04219758
IRS990/TotalLiabilitiesEOYAmt0631801
IRS990/TotalLiabilitiesGrp/BOYAmt04219758
IRS990/TotalLiabilitiesGrp/EOYAmt0631801
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010629403
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010757562
IRS990/TotalProgramServiceExpensesAmt050899
IRS990/TotalProgramServiceRevenueAmt0478000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0634394
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0689394
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014849161
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011389363
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010579403
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010727562
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,389,363
Liabilities
$631,801
Net assets
$10,757,562
Revenue
$689,394
Expenses
$561,235
Net income
$128,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$57.0$23.2$33.8$20.8$18.5$2.26
2023Detailed filing. Detailed filing data is available for this year.$55.0$23.1$31.9$17.0$16.1$0.98
2022Detailed filing. Detailed filing data is available for this year.$40.3$9.36$30.9$14.7$5.96$8.72
2021Detailed filing. Detailed filing data is available for this year.$28.0$4.85$23.1$1.03$1.27$0.24
2020Detailed filing. Detailed filing data is available for this year.$27.4$4.06$23.4$0.98$0.17$0.82
2019Detailed filing. Detailed filing data is available for this year.$33.1$10.5$22.6$1.25$0.40$0.84
2018Detailed filing. Detailed filing data is available for this year.$27.9$8.41$19.5$0.57$0.40$0.17
2017Detailed filing. Detailed filing data is available for this year.$23.5$4.17$19.3$1.00$0.78$0.22
2016Detailed filing. Detailed filing data is available for this year.$11.3$0.16$11.1$0.59$0.34$0.25
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.03$10.9$0.22$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.08$10.9$0.66$0.54$0.12
2013Detailed filing. Detailed filing data is available for this year.$11.4$0.63$10.8$0.69$0.56$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$4.22$10.6$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$4.03$9.55$0.63