Civic Intelligence

India House Inc

990 • Fiscal year 2016 • EIN 13-5156110

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

One Hanover SquareNew York, NY 10004

(212) 269-2325

Siviq Scores

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

Liabilities / Assets

55th percentile

0.29x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.66x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-27%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

9th percentile

-7.9%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-0.8%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,196,601

Down $188,123 (-7.9%) from 2015

Net Assets

Down

$1,549,101

Down $260,843 (-14%) from 2015

Liabilities

Up

$647,500

Up $72,720 (+13%) from 2015

Revenue

Down

$978,257

Down $8,078 (-0.8%) from 2015

Expenses

Up

$1,239,100

Up $137,354 (+12%) from 2015

Net Income

Down

-$260,843

Down $145,432 (-126%) from 2015

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$0Assets 2011: $2,967,221Liabilities 2011: $359,294Net Assets 2011: $2,607,9272011Assets 2012: $2,350,698Liabilities 2012: $559,814Net Assets 2012: $1,790,8842012Assets 2013: $2,867,156Liabilities 2013: $710,236Net Assets 2013: $2,156,9202013Assets 2014: $2,669,476Liabilities 2014: $744,121Net Assets 2014: $1,925,3552014Assets 2015: $2,384,724Liabilities 2015: $574,780Net Assets 2015: $1,809,9442015Assets 2016: $2,196,601Liabilities 2016: $647,500Net Assets 2016: $1,549,1012016Assets 2017: $2,220,656Liabilities 2017: $565,253Net Assets 2017: $1,655,4032017Assets 2018: $2,066,400Liabilities 2018: $720,222Net Assets 2018: $1,346,1782018

Highlighted filing

2016

Assets$2,196,601
Liabilities$647,500
Net Assets$1,549,101

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,320,826Expenses 2011: $732,713Net Income 2011: $1,588,1132011Revenue 2012: $284,743Expenses 2012: $1,076,925Net Income 2012: -$792,1822012Revenue 2013: $1,525,243Expenses 2013: $1,517,389Net Income 2013: $7,8542013Revenue 2014: $1,022,993Expenses 2014: $1,254,558Net Income 2014: -$231,5652014Revenue 2015: $986,335Expenses 2015: $1,101,746Net Income 2015: -$115,4112015Revenue 2016: $978,257Expenses 2016: $1,239,100Net Income 2016: -$260,8432016Revenue 2017: $481,190Expenses 2017: $374,888Net Income 2017: $106,3022017Revenue 2018: $143,449Expenses 2018: $452,674Net Income 2018: -$309,2252018

Highlighted filing

2016

Revenue$978,257
Expenses$1,239,100
Net Income-$260,843
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.1
Gross Receipts
$978,257
Mission and Program Overview

Mission

India house, inc (the "club") was founded in 1914 and is organized as a not-for-profit corporation for the purpose of providing social, intellectual and recreational activity for the benefit of its members. The club is funded primarily from membership dues.

To provide social, intellectual, and recreational activity for the benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,595,052$1,547,314▼ $47,738
Savings and Temporary Cash Investments$59,525$91,080▲ $31,555
Prepaid Expenses and Deferred Charges$192,881$28,375▼ $164,506
Accounts Receivable$28,183$20,749▼ $7,434
Cash and Non-Interest-Bearing Accounts$950$950→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,384,724$2,196,601▼ $188,123
Other Assets Total$508,133$508,133→ $0
Liabilities
Other Liabilities$504,000$582,000▲ $78,000
Accounts Payable and Accrued Expenses$70,780$65,500▼ $5,280
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$574,780$647,500▲ $72,720
Net Assets / Fund Balance
Unrestricted Net Assets$1,809,944$1,549,101▼ $260,843
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,809,944$1,549,101▼ $260,843
Total Liabilities and Net Assets / Fund Balance$2,384,724$2,196,601▼ $188,123

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,030,756$483,361$1,514,117
Equipment$194,717$476,820$671,537
Buildings$171,840$128,160$300,000
Land$150,000-$150,000
Other Land Buildings$1-$1
Other Assets Org$508,133--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Jp Renaissance Co LLCManagement Services450 EAST 83RD STREET SUITE 19C, New York, NY 10028$133,275
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$182,031
Investment Income
$0
Other Revenue
$796,226
Change in Net Assets
$-260,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,239,100
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
Occupancy---$540,999
Depreciation Depletion---$137,119
Fees for Services Management---$108,300
Insurance---$71,845
Fees for Services Accounting---$64,275
Office Expenses---$55,957
Fees for Services Legal---$31,460
Fees for Services Other---$20,453
Information Technology---$15,821
Conferences and Meetings---$3,618
Other Expenses---$296
Total Functional Expenses$0$0$0$1,239,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Judith GodfreyFormer Treasurer/governorClub Management DutiesNo$133,275

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxes Payable$582,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Part VI, Section A. - Question 7A

At each annual meeting of the members of the club, six (6) governors shall be elected to replace the outgoing class, who shall hold office for three (3) years and until their successors are elected and have qualified. The election of governors shall be by the member eligible to vote by ballot, and the tally declared by the secretary shall be conclusive. Nomination of candidates for election as governors may also be proposed by any member of the club. Nominations proposed shall be in writing, signed by not fewer than twenty-five (25) members and shall be filed with the secretary at the club at least six (6) weeks before the next annual meeting.

Part VI, Section A. - Question 7B

2/3 vote of resident and intermediate resident members is required for sale of property.

Part VI, Section B. - Question 11B

The form 990 is reviewed by the treasurer and general manager prior to filing.

Part VI, Section C. - Question 19

The club does not make its governing documents or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
India House Inc
EIN
13-5156110
In Care Of
% BRUCE D GODFREY THE CLUB
Phone
2122692325
Address
ONE HANOVER SQUARE, NEW YORK, NY 10004

Signing Officer

Name
Peter Kane
Title
Treasurer
Phone
2126617777
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Kane
Formed
1914
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
11

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY L
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004-1405
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part 1

THE TAX RETURNS IS BASED EXCLUSIVELY ON INFORMATION PROVIDED BY CLUB MANGEMENT. PART VI, SECTION A. - QUESTIONS 2 & 3 Bruce Godfrey, General Manager, and Judith Godfrey, Board member, are married. Judith Godfrey owns 50% of JP Renaissance Co. which receives compensation from the Club for management services. Part VI, Section A. - Question 6 INDIA HOUSE, INC. WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION.

Financial Statement Notes

Part III - Line 4

India house, inc. Was founded in 1914 and is organized as a not-for-profit corporation for the purpose of providing social, intellectual and recreational activity for the benefit of its members. The club collections are for the benefit of the members.

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IRS990/MissionDesc0INDIA HOUSE, INC (THE "CLUB") WAS FOUNDED IN 1914 AND IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION FOR THE PURPOSE OF PROVIDING SOCIAL, INTELLECTUAL AND RECREATIONAL ACTIVITY FOR THE BENEFIT OF ITS MEMBERS. THE CLUB IS FUNDED PRIMARILY FROM MEMBERSHIP DUES.
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IRS990/OccupancyGrp/TotalAmt0540999
IRS990/OfficeExpensesGrp/TotalAmt055957
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IRS990/OtherExpensesGrp/Desc1OTHER DEPARTMENT EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3ART EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt185761
IRS990/OtherExpensesGrp/TotalAmt21796
IRS990/OtherExpensesGrp/TotalAmt3296
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0192881
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028375
IRS990/PrincipalOfficerNm0PETER KANE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES
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IRS990/RentalIncomeOrLossGrp/RealAmt0780000
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt059525
IRS990/SavingsAndTempCashInvstGrp/EOYAmt091080
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0171840
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0128160
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0300000
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0483361
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0508133
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0582000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TAXES PAYABLE
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INDIA HOUSE, INC. WAS FOUNDED IN 1914 AND IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION FOR THE PURPOSE OF PROVIDING SOCIAL, INTELLECTUAL AND RECREATIONAL ACTIVITY FOR THE BENEFIT OF ITS MEMBERS. THE CLUB COLLECTIONS ARE FOR THE BENEFIT OF THE MEMBERS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III - LINE 4
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0508133
IRS990ScheduleD/TotalLiabilityAmt0582000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JUDITH GODFREY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER TREASURER/GOVERNOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CLUB MANAGEMENT DUTIES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURNS IS BASED EXCLUSIVELY ON INFORMATION PROVIDED BY CLUB MANGEMENT. PART VI, SECTION A. - QUESTIONS 2 & 3 Bruce Godfrey, General Manager, and Judith Godfrey, Board member, are married. Judith Godfrey owns 50% of JP Renaissance Co. which receives compensation from the Club for management services. Part VI, Section A. - Question 6 INDIA HOUSE, INC. WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH ANNUAL MEETING OF THE MEMBERS OF THE CLUB, SIX (6) GOVERNORS SHALL BE ELECTED TO REPLACE THE OUTGOING CLASS, WHO SHALL HOLD OFFICE FOR THREE (3) YEARS AND UNTIL THEIR SUCCESSORS ARE ELECTED AND HAVE QUALIFIED. THE ELECTION OF GOVERNORS SHALL BE BY THE MEMBER ELIGIBLE TO VOTE BY BALLOT, AND THE TALLY DECLARED BY THE SECRETARY SHALL BE CONCLUSIVE. NOMINATION OF CANDIDATES FOR ELECTION AS GOVERNORS MAY ALSO BE PROPOSED BY ANY MEMBER OF THE CLUB. NOMINATIONS PROPOSED SHALL BE IN WRITING, SIGNED BY NOT FEWER THAN TWENTY-FIVE (25) MEMBERS AND SHALL BE FILED WITH THE SECRETARY AT THE CLUB AT LEAST SIX (6) WEEKS BEFORE THE NEXT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22/3 VOTE OF RESIDENT AND INTERMEDIATE RESIDENT MEMBERS IS REQUIRED FOR SALE OF PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE TREASURER AND GENERAL MANAGER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A. - QUESTION 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION A. - QUESTION 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B. - QUESTION 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C. - QUESTION 19
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IRS990/TotalAssetsGrp/BOYAmt02384724
IRS990/TotalAssetsGrp/EOYAmt02196601
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00

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