Civic Intelligence

Sjmc Senior Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 13-4103604

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 08, 2019

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

92nd percentile

1.40x

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

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

16.34x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Net Margin

19th percentile

-30%

Higher net margin than 19% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

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.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Asset Growth

39th percentile

-2.4%

Faster asset growth than 39% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-1.7%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$9,040,681

Down $225,936 (-2.4%) from 2017

Net Assets

Down

-$3,610,334

Down $231,632 (-6.9%) from 2017

Liabilities

Up

$12,651,015

Up $5,696 (+0.0%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin19th percentile

Revenue

Down

$774,005

Down $13,207 (-1.7%) from 2017

Expenses

Up

$1,005,637

Up $34,412 (+3.5%) from 2017

Net Income

Down

-$231,632

Down $47,619 (-26%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2018

Assets$9,040,681
Liabilities$12,651,015
Net Assets-$3,610,334
Open 2018 Filing

Operations Trend

Revenue Growth25th 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

2018

Revenue$774,005
Expenses$1,005,637
Net Income-$231,632
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 8, 2019
Return Version
2017v2.3
Gross Receipts
$774,005
Mission and Program Overview

Mission

Provide housing to the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,710,835$8,419,482▼ $291,353
Cash and Non-Interest-Bearing Accounts$109,047$114,921▲ $5,874
Prepaid Expenses and Deferred Charges$21,803$20,252▼ $1,551
Total Assets$9,266,617$9,040,681▼ $225,936
Other Assets Total$424,932$486,026▲ $61,094
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,133,700$12,133,700→ $0
Other Liabilities$463,636$464,074▲ $438
Accounts Payable and Accrued Expenses$47,983$53,241▲ $5,258
Total Liabilities$12,645,319$12,651,015▲ $5,696
Net Assets / Fund Balance
Unrestricted Net Assets$-3,378,702$-3,610,334▼ $231,632
Total Net Assets Fund Balance$-3,378,702$-3,610,334▼ $231,632
Total Liabilities and Net Assets / Fund Balance$9,266,617$9,040,681▼ $225,936

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,148,223$4,164,177$12,312,400
Land$246,030-$246,030
Other Land Buildings$2,329$58,117$60,446
Equipment$22,900$18,457$41,357
Other Assets Org$60,035--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
James J LandyPresident
Michael J SpicerVice President
Brendan R LandyMember
Carolyn HarringtonMember
Kevin CacaceMember
Michael MinervaMember
Nader SayeghMember
Sr Andrea DixonMember
Sr Donna DodgeMember
Colleen WagnerSecretary
Lawrence MccruddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$765,679
Investment Income
$686
Other Revenue
$7,640
Change in Net Assets
$-231,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$774,005
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$774,005
Total Revenue per Form 990
$774,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$757,738
Salaries, Compensation, and Employee Benefits$247,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$321,332--$321,332
Other Salaries and Wages$139,738$43,600-$183,338
Occupancy$119,413--$119,413
Fees for Services Management-$57,234-$57,234
Insurance$48,127--$48,127
Other Employee Benefits$28,993$8,579-$37,572
All Other Expenses$17,124$6,312-$23,436
Fees for Services Accounting-$22,400-$22,400
Payroll Taxes$12,221$4,074-$16,295
Pension Plan Contributions$7,206$3,488-$10,694
Other Expenses$31,692$9,868-$9,868
Office Expenses-$7,617-$7,617
Total Functional Expenses$825,095$180,542$0$1,005,637

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,005,637
Total Expenses per Audited Statements$1,005,637
Total Expenses per Form 990$1,005,637
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
Ahp Subsidy Payable$400,000
Due to Hud$39,785
Tenant Security Deposits Payable$24,289
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
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
EIN
13-4103604
Phone
9149696159
Address
122 SOUTH BROADWAY, YONKERS, NY 10701

Signing Officer

Name
James J Landy
Title
President
Phone
9149696159
Signed
2019-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James J Landy
Formed
2000
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
0

Preparer

Firm
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P Pancaldo
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.”

Raw XML AppendixShowing 400 of 477 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/OtherLiabilitiesGrp/EOYAmt0464074
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY/VENDING AND OT
IRS990/OtherRevenueMiscGrp/ExclusionAmt07640
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07640
IRS990/OtherRevenueTotalAmt07640
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt043600
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0139738
IRS990/OtherSalariesAndWagesGrp/TotalAmt0183338
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04074
IRS990/PayrollTaxesGrp/ProgramServicesAmt012221
IRS990/PayrollTaxesGrp/TotalAmt016295
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03488
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07206
IRS990/PensionPlanContributionsGrp/TotalAmt010694
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021803
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020252
IRS990/PrincipalOfficerNm0JAMES J LANDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICES REVEN
IRS990/ProgramServiceRevenueGrp/Desc2GARAGE AND PARKING SPA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0485775
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1277174
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22730
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0485775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1277174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22730
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0804
IRS990/PYOtherExpensesAmt0742897
IRS990/PYOtherRevenueAmt04500
IRS990/PYProgramServiceRevenueAmt0781908
IRS990/PYRevenuesLessExpensesAmt0-184013
IRS990/PYSalariesCompEmpBnftPaidAmt0228328
IRS990/PYTotalExpensesAmt0971225
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0787212
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-231632
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0765679
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0686
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0804
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0870
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0782
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0823
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0765679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0781908
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0666118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0662692
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0663729
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03540126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0686
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0804
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0870
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0823
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03965
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05017
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05756
IRS990ScheduleA/OtherIncome509Grp/TotalAmt028913
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99080
IRS990ScheduleA/PublicSupportPY509Pct00.99160
IRS990ScheduleA/PublicSupportTotal509Amt03540126
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0765679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0781908
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0666118
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0662692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0663729
IRS990ScheduleA/Total509Grp/TotalAmt03540126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0774005
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0787212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0672988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0668491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0670308
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03573004
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08148223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04164177
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012312400
IRS990ScheduleD/EquipmentGrp/BookValueAmt022900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018457
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041357
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01005637
IRS990ScheduleD/LandGrp/BookValueAmt0246030
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0246030
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0401702
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124289
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt260035
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02329
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058117
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt060446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1400000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt239785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1AHP SUBSIDY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0774005
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08419482
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0486026
IRS990ScheduleD/TotalExpensesPerForm990Amt01005637
IRS990ScheduleD/TotalLiabilityAmt0464074
IRS990ScheduleD/TotalRevenuePerForm990Amt0774005
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0774005
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01005637
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09266617
IRS990/TotalAssetsEOYAmt09040681
IRS990/TotalAssetsGrp/BOYAmt09266617

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,040,681
Liabilities
$12,651,015
Net assets
-$3,610,334
Revenue
$774,005
Expenses
$1,005,637
Net income
-$231,632
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
2018Detailed filing. Detailed filing data is available for this year.$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