Civic Intelligence

Sjmc Senior Housing Development Fund Corporation

990 • Fiscal year 2025 • EIN 13-4103604

Oct 01, 2024 to Sep 30, 2025 • Filed on Feb 06, 2026

Organization ProfileN/A
122 South BroadwayYonkers, NY 10701

(914) 969-6159

Siviq Scores

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

Liabilities / Assets

99th percentile

1.69x

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

10.92x

Higher debt load relative to revenue than 98% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

13th percentile

-14%

Higher net margin than 13% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

24th percentile

-2.4%

Faster asset growth than 24% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

59th percentile

9.4%

Faster revenue growth than 59% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$7,224,398

Down $177,357 (-2.4%) from 2024

Net Assets

Down

-$4,962,158

Down $153,395 (-3.2%) from 2024

Liabilities

Down

$12,186,556

Down $23,962 (-0.2%) from 2024

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin13th percentile

Revenue

Up

$1,115,547

Up $96,167 (+9.4%) from 2024

Expenses

Down

$1,268,942

Down $69,280 (-5.2%) from 2024

Net Income

Up

-$153,395

Up $165,447 (+52%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $11,023,773Liabilities 2010: $12,606,873Net Assets 2010: -$1,583,1002010Assets 2011: $10,833,558Liabilities 2011: $12,581,751Net Assets 2011: -$1,748,1932011Assets 2012: $10,648,065Liabilities 2012: $12,608,068Net Assets 2012: -$1,960,0032012Assets 2013: $10,292,486Liabilities 2013: $12,601,496Net Assets 2013: -$2,309,0102013Assets 2014: $10,032,944Liabilities 2014: $12,611,622Net Assets 2014: -$2,578,6782014Assets 2015: $9,707,527Liabilities 2015: $12,637,359Net Assets 2015: -$2,929,8322015Assets 2016: $9,452,176Liabilities 2016: $12,646,865Net Assets 2016: -$3,194,6892016Assets 2017: $9,266,617Liabilities 2017: $12,645,319Net Assets 2017: -$3,378,7022017Assets 2018: $9,040,681Liabilities 2018: $12,651,015Net Assets 2018: -$3,610,3342018Assets 2019: $8,696,561Liabilities 2019: $12,646,861Net Assets 2019: -$3,950,3002019Assets 2020: $8,420,688Liabilities 2020: $12,608,756Net Assets 2020: -$4,188,0682020Assets 2021: $8,204,570Liabilities 2021: $12,595,378Net Assets 2021: -$4,390,8082021Assets 2022: $7,901,995Liabilities 2022: $12,186,073Net Assets 2022: -$4,284,0782022Assets 2023: $7,704,639Liabilities 2023: $12,194,560Net Assets 2023: -$4,489,9212023Assets 2024: $7,401,755Liabilities 2024: $12,210,518Net Assets 2024: -$4,808,7632024Assets 2025: $7,224,398Liabilities 2025: $12,186,556Net Assets 2025: -$4,962,1582025

Highlighted filing

2025

Assets$7,224,398
Liabilities$12,186,556
Net Assets-$4,962,158
Open 2025 Filing

Operations Trend

Revenue Growth59th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $984,4602010Revenue 2011: $679,188Expenses 2011: $844,281Net Income 2011: -$165,0932011Expenses 2012: $886,6802012Expenses 2013: $1,021,5292013Revenue 2014: $670,308Expenses 2014: $939,976Net Income 2014: -$269,6682014Revenue 2015: $668,491Expenses 2015: $1,019,645Net Income 2015: -$351,1542015Revenue 2016: $672,988Expenses 2016: $937,845Net Income 2016: -$264,8572016Revenue 2017: $787,212Expenses 2017: $971,225Net Income 2017: -$184,0132017Revenue 2018: $774,005Expenses 2018: $1,005,637Net Income 2018: -$231,6322018Revenue 2019: $778,556Expenses 2019: $1,118,522Net Income 2019: -$339,9662019Revenue 2020: $828,831Expenses 2020: $1,066,599Net Income 2020: -$237,7682020Revenue 2021: $875,670Expenses 2021: $1,078,410Net Income 2021: -$202,7402021Revenue 2022: $1,316,454Expenses 2022: $1,209,724Net Income 2022: $106,7302022Revenue 2023: $987,732Expenses 2023: $1,193,575Net Income 2023: -$205,8432023Revenue 2024: $1,019,380Expenses 2024: $1,338,222Net Income 2024: -$318,8422024Revenue 2025: $1,115,547Expenses 2025: $1,268,942Net Income 2025: -$153,3952025

Highlighted filing

2025

Revenue$1,115,547
Expenses$1,268,942
Net Income-$153,395
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 6, 2026
Return Version
2024v5.5
Gross Receipts
$1,115,547
Mission and Program Overview

Mission

Provide housing to the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,892,533$6,576,997▼ $315,536
Cash and Non-Interest-Bearing Accounts$80,758$58,410▼ $22,348
Prepaid Expenses and Deferred Charges$19,884$44,411▲ $24,527
Total Assets$7,401,755$7,224,398▼ $177,357
Other Assets Total$408,580$544,580▲ $136,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,133,700$12,133,700→ $0
Other Liabilities$28,252$29,614▲ $1,362
Accounts Payable and Accrued Expenses$48,566$23,242▼ $25,324
Total Liabilities$12,210,518$12,186,556▼ $23,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,808,763$-4,962,158▼ $153,395
Total Net Assets Fund Balance$-4,808,763$-4,962,158▼ $153,395
Total Liabilities and Net Assets / Fund Balance$7,401,755$7,224,398▼ $177,357

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,322,957$6,363,744$12,686,701
Land$246,030-$246,030
Other Land Buildings$0$60,446$60,446
Equipment$8,010$36,572$44,582
Other Assets Org$143,733--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
James J LandyPresident
Michael J SpicerVice President
Brendan R LandyDirector
Colleen WagnerDirector
Kevin CacaceDirector
Sr Andrea DixonDirector
Sr Donna DodgeDirector
Michael MinervaSecretary
Lawrence MccruddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,094,990
Investment Income
$14,137
Other Revenue
$6,420
Change in Net Assets
$-153,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,115,547
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,115,547
Total Revenue per Form 990
$1,115,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$906,647
Salaries, Compensation, and Employee Benefits$362,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$331,358--$331,358
Other Salaries and Wages$214,570$62,517-$277,087
Occupancy$157,470--$157,470
Insurance$93,111--$93,111
Fees for Services Management-$88,979-$88,979
Other Employee Benefits$52,597--$52,597
Fees for Services Accounting-$27,996-$27,996
All Other Expenses$21,751--$21,751
Payroll Taxes$17,487--$17,487
Office Expenses-$17,146-$17,146
Pension Plan Contributions$15,124--$15,124
Other Expenses$14,505$12,958-$12,958
Total Functional Expenses$1,036,097$232,845$0$1,268,942

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,268,942
Total Expenses per Audited Statements$1,268,942
Total Expenses per Form 990$1,268,942
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
Tenant Security Deposits Payable$29,614
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The president, james j. Landy, is the father of board member, brendan r. Landy.”

Form 990, Part VI, Section A, Line 3

“The project entered into a contract with an independent management company which handles the operation of the building, all building related services, all tenant needs and services, as well as all legal, financial, and other matters.”

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

“The project distributes a draft copy of the irs form 990 to its board members to review; who then are provided an opportunity to make comments or inquiries. Appropriate responses are given to their satisfaction. The board approves the filing of the form at a meeting held prior to its due date.”

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

“Annual updates are requested in writing from board members and key people.”

Form 990, Part VI, Section B, Line 15

“The organization has the policy on an as needed basis.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request on an as needed basis as determined by the board of directors.”

Filing and Contact Details

Filer

Filer Name
Sjmc Senior Housing Development Fund
EIN
13-4103604
Phone
9149696159
Address
122 SOUTH BROADWAY, YONKERS, NY 10701

Signing Officer

Name
James J Landy
Title
President
Phone
9149696159
Signed
2026-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James J Landy
Formed
2000
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573
Preparer
Joseph J Rosoff
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is a nonprofit organization exempt from income taxes under section 501(c)(3) of the internal revenue code. The project's accounting policy is to provide liabilities for uncertain tax positions when a liability is probable and estimable. Management has evaluated its tax positions and has determined that there are no material uncertain tax positions that require adjustment to the financial statements. In addition, management is not aware of any violation of its tax status as an organization exempt from income taxes, nor any exposure to unrelated business income tax. The corporation's federal tax returns remain subject to examination by the relevant taxing authorities for a period of three years from when they are filed.”

Raw XML AppendixShowing 400 of 460 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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IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES J LANDY
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL J SPICER
IRS990/Form990PartVIISectionAGrp/PersonNm2COLLEEN WAGNER
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062517
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0214570
IRS990/OtherSalariesAndWagesGrp/TotalAmt0277087
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt017487
IRS990/PayrollTaxesGrp/TotalAmt017487
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015124
IRS990/PensionPlanContributionsGrp/TotalAmt015124
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019884
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044411
IRS990/PrincipalOfficerNm0JAMES J LANDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICES REVEN
IRS990/ProgramServiceRevenueGrp/Desc2BAD DEBT RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc3GARAGE AND PARKING SPA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0664365
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1331131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt294784
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0664365
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1331131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt294784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34710
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011661
IRS990/PYOtherExpensesAmt0971390
IRS990/PYOtherRevenueAmt06420
IRS990/PYProgramServiceRevenueAmt01001299
IRS990/PYRevenuesLessExpensesAmt0-318842
IRS990/PYSalariesCompEmpBnftPaidAmt0366832
IRS990/PYTotalExpensesAmt01338222
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01019380
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-153395
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01101410
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011661
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012756
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01149
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01049
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt040752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01000206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01001299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0947306
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0908885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0868201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04725897
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011661
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012756
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01149
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt040752
IRS990ScheduleA/InvestmentIncomeCYPct00.00770
IRS990ScheduleA/InvestmentIncomePYPct00.00540
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0101204
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt027670
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0406420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06420
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0548134
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88920
IRS990ScheduleA/PublicSupportPY509Pct00.89430
IRS990ScheduleA/PublicSupportTotal509Amt04725897
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01000206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01001299
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0947306
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0908885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0868201
IRS990ScheduleA/Total509Grp/TotalAmt04725897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01115547
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01019380
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0987732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01316454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0875670
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05314783
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06322957
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06363744
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012686701
IRS990ScheduleD/EquipmentGrp/BookValueAmt08010
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036572
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044582
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01268942
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0246030
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0246030
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0360148
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt129614
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211085
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3143733
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PAINTING RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060446
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt060446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01115547
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT'S ACCOUNTING POLICY IS TO PROVIDE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. IN ADDITION, MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE CORPORATION'S FEDERAL TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM WHEN THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06576997
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0544580
IRS990ScheduleD/TotalExpensesPerForm990Amt01268942
IRS990ScheduleD/TotalLiabilityAmt029614
IRS990ScheduleD/TotalRevenuePerForm990Amt01115547
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01115547
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01268942
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT, JAMES J. LANDY, IS THE FATHER OF BOARD MEMBER, BRENDAN R. LANDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL, AND OTHER MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROJECT DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO THEN ARE PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL UPDATES ARE REQUESTED IN WRITING FROM BOARD MEMBERS AND KEY PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS THE POLICY ON AN AS NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07401755
IRS990/TotalAssetsEOYAmt07224398
IRS990/TotalAssetsGrp/BOYAmt07401755
IRS990/TotalAssetsGrp/EOYAmt07224398
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232845
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01036097
IRS990/TotalFunctionalExpensesGrp/TotalAmt01268942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012210518

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,224,398
Liabilities
$12,186,556
Net assets
-$4,962,158
Revenue
$1,115,547
Expenses
$1,268,942
Net income
-$153,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.22$12.2$4.96$1.12$1.27$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$12.2$4.81$1.02$1.34$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.70$12.2$4.49$0.99$1.19$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.90$12.2$4.28$1.32$1.21$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.20$12.6$4.39$0.88$1.08$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.42$12.6$4.19$0.83$1.07$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.70$12.6$3.95$0.78$1.12$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.04$12.7$3.61$0.77$1.01$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.27$12.6$3.38$0.79$0.97$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.45$12.6$3.19$0.67$0.94$0.26
2015Detailed filing. Detailed filing data is available for this year.$9.71$12.6$2.93$0.67$1.02$0.35
2014Detailed filing. Detailed filing data is available for this year.$10.0$12.6$2.58$0.67$0.94$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$12.6$2.31$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$12.6$1.96$0.89
2011Summary only. Only limited summary data is available for this year.$10.8$12.6$1.75$0.68$0.84$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$12.6$1.58$0.98