Civic Intelligence

Varick-Peterson Housing Development Fund

990 • Fiscal year 2022 • EIN 14-1548784

Mar 01, 2021 to Feb 28, 2022 • Filed on Jan 17, 2023

Organization ProfileN/A
121-a Varick HomesNewburgh, NY 12550

(845) 368-2400

Siviq Scores

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

Liabilities / Assets

20th percentile

0.09x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

20th percentile

0.25x

Higher debt load relative to revenue than 20% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Net Margin

62nd percentile

5.7%

Higher net margin than 62% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2022 filings • NTEE L • $5M-$10M nonprofits • Source year 2022

Asset Growth

80th percentile

5.1%

Faster asset growth than 80% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

5.0%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$5,313,425

Up $259,458 (+5.1%) from 2021

Net Assets

Up

$4,835,145

Up $111,380 (+2.4%) from 2021

Liabilities

Up

$478,280

Up $148,078 (+45%) from 2021

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin62nd percentile

Revenue

Up

$1,938,262

Up $92,502 (+5.0%) from 2021

Expenses

Up

$1,826,882

Up $238,835 (+15%) from 2021

Net Income

Down

$111,380

Down $146,333 (-57%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,233,653Liabilities 2011: $259,603Net Assets 2011: $2,974,0502011Assets 2012: $3,471,800Liabilities 2012: $282,022Net Assets 2012: $3,189,7782012Assets 2013: $3,593,423Liabilities 2013: $192,597Net Assets 2013: $3,400,8262013Assets 2014: $3,752,491Liabilities 2014: $218,916Net Assets 2014: $3,533,5752014Assets 2015: $4,148,550Liabilities 2015: $294,509Net Assets 2015: $3,854,0412015Assets 2016: $4,216,366Liabilities 2016: $233,926Net Assets 2016: $3,982,4402016Assets 2017: $4,603,021Liabilities 2017: $377,994Net Assets 2017: $4,225,0272017Assets 2018: $4,447,147Liabilities 2018: $268,660Net Assets 2018: $4,178,4872018Assets 2019: $4,513,392Liabilities 2019: $273,376Net Assets 2019: $4,240,0162019Assets 2020: $4,777,923Liabilities 2020: $311,871Net Assets 2020: $4,466,0522020Assets 2021: $5,053,967Liabilities 2021: $330,202Net Assets 2021: $4,723,7652021Assets 2022: $5,313,425Liabilities 2022: $478,280Net Assets 2022: $4,835,1452022Assets 2023: $4,813,689Liabilities 2023: $399,713Net Assets 2023: $4,413,9762023Assets 2025: $5,118,942Liabilities 2025: $419,375Net Assets 2025: $4,699,5672025

Highlighted filing

2022

Assets$5,313,425
Liabilities$478,280
Net Assets$4,835,145
Open 2022 Filing

Operations Trend

Revenue Growth64th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,219,5482011Expenses 2012: $1,329,6922012Expenses 2013: $1,347,4342013Revenue 2014: $1,637,763Expenses 2014: $1,505,014Net Income 2014: $132,7492014Revenue 2015: $1,750,775Expenses 2015: $1,447,191Net Income 2015: $303,5842015Revenue 2016: $1,740,012Expenses 2016: $1,535,815Net Income 2016: $204,1972016Revenue 2017: $1,709,359Expenses 2017: $1,466,772Net Income 2017: $242,5872017Revenue 2018: $1,791,921Expenses 2018: $1,838,461Net Income 2018: -$46,5402018Revenue 2019: $1,824,291Expenses 2019: $1,762,762Net Income 2019: $61,5292019Revenue 2020: $1,853,823Expenses 2020: $1,627,787Net Income 2020: $226,0362020Revenue 2021: $1,845,760Expenses 2021: $1,588,047Net Income 2021: $257,7132021Revenue 2022: $1,938,262Expenses 2022: $1,826,882Net Income 2022: $111,3802022Revenue 2023: $1,980,755Expenses 2023: $2,401,924Net Income 2023: -$421,1692023Revenue 2025: $2,150,951Expenses 2025: $2,230,229Net Income 2025: -$79,2782025

Highlighted filing

2022

Revenue$1,938,262
Expenses$1,826,882
Net Income$111,380
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Jan 17, 2023
Return Version
2021v4.2
Gross Receipts
$1,938,262
Mission and Program Overview

Mission

LOW INCOME HOUSING

To provide low income housing for 122 units under the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,665,402$1,700,124▲ $34,722
Cash and Non-Interest-Bearing Accounts$323,973$835,678▲ $511,705
Land, Buildings, and Equipment, Net$681,349$504,983▼ $176,366
Accounts Receivable$117,185$146,736▲ $29,551
Prepaid Expenses and Deferred Charges$114,252$66,421▼ $47,831
Total Assets$5,053,967$5,313,425▲ $259,458
Other Assets Total$2,151,806$2,059,483▼ $92,323
Liabilities
Accounts Payable and Accrued Expenses$264,561$410,546▲ $145,985
Escrow Account Liability$49,019$47,785▼ $1,234
Other Liabilities$14,386$18,438▲ $4,052
Deferred Revenue$2,236$1,511▼ $725
Total Liabilities$330,202$478,280▲ $148,078
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,723,765$4,835,145▲ $111,380
Total Net Assets Fund Balance$4,723,765$4,835,145▲ $111,380
Total Liabilities and Net Assets / Fund Balance$5,053,967$5,313,425▲ $259,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$463,785$5,847,845$6,311,630
Equipment$22,198$131,027$153,225
Other Land Buildings$0$55,167$55,167
Land$19,000-$19,000
Other Assets Org$2,011,457--
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Ebony Perterson-andersonPresident
Lisa Marie FoxPresident Thru March 2021
Riki Peterson-jichaVice-president/secretary
Richard Perterson IiiDirector
Letitia ElliotDirector Thru March 2021
Onyx PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,917,702
Investment Income
$2,683
Other Revenue
$17,877
Change in Net Assets
$111,380

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,938,262
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,938,262
Total Revenue per Form 990
$1,938,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,826,882
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$643,345$8,542-$651,887
Depreciation Depletion$192,049--$192,049
Fees for Services Management-$112,892-$112,892
Fees for Services Other$91,886$7,878-$99,764
Information Technology-$24,690-$24,690
Other Expenses$1,002$23,117-$24,119
Office Expenses$14,149$5,633-$19,782
Fees for Services Accounting-$17,518-$17,518
Fees for Services Legal-$10,550-$10,550
Conferences and Meetings-$3,109-$3,109
Advertising-$2,478-$2,478
Travel-$270-$270
Total Functional Expenses$1,252,157$574,725$0$1,826,882

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,826,882
Total Expenses per Audited Statements$1,826,882
Total Expenses per Form 990$1,826,882
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
Due to Hud$18,438
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 following board members have a family relationship: richard peterson , ebony peterson-anderson, riki peterson-jicha, and onyx peterson.”

Form 990, Part VI, Section A, Line 3

“The entity entered into various property management agreement with unrelated third parties to provide rental management, repairs, and supervision services. The entity engaged arco management corp as the management company until april 2021. In april 2021, the entity terminated its agreement with arco and entered into a new management agreement with greystar management services, llp. Total fees compensated for management services in tax year 2022 was $112,892.”

Form 990, Part VI, Section A, Line 8B

“The entity does not have any committees with the authority to act on behalf of the governing body.”

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

“The entity has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Once the form 990 has been prepared, reviewed by the treasurer and is ready to be filed with the internal revenue service, it is electronically sent to the board of directors and subsequently filed with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The entity makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The form 990 is also available on guidestar.org and other similar types of websites. In addition, the financial statements and articles of incorporation are also available upon written request.”

Filing and Contact Details

Filer

Filer Name
Varick-peterson Housing Development Fund
EIN
14-1548784
Phone
8453682400
Address
121-A VARICK HOMES, NEWBURGH, NY 12550

Signing Officer

Name
Onyx Peterson
Title
Treasurer
Phone
8453682400
Signed
2023-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ebony Peterson Anderson
Formed
1968
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Funds for the personal use of residents and funds received as security deposits for services are held in trust for the residents by the entity. These funds are segregated in a separate interest-bearing account for the tenants' benefit and are not available for other uses.”

PART X, LINE 2:

“The entity recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the entity had no uncertain tax positions that would require financial statement recognition or disclosure. The entity is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to february 28, 2019.”

Raw XML AppendixShowing 400 of 438 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/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02401
IRS990/PYOtherExpensesAmt01588047
IRS990/PYOtherRevenueAmt012017
IRS990/PYProgramServiceRevenueAmt01831342
IRS990/PYRevenuesLessExpensesAmt0257713
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01588047
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01845760
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0111380
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01917702
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01665402
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01700124
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING - 2020 AMOUNT: $ 10,532. 2021 AMOUNT: $ 15,359. MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 1,485. 2021 AMOUNT: $ 2,518.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02683
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02401
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02525
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02244
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01899
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01917702
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01831342
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01851298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01822047
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01790022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09212411
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02525
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02244
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01899
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011752
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt017877
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt012017
IRS990ScheduleA/OtherIncome509Grp/TotalAmt029894
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99550
IRS990ScheduleA/PublicSupportPY509Pct00.99740
IRS990ScheduleA/PublicSupportTotal509Amt09212411
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01917702
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01831342
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01851298
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01822047
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01790022
IRS990ScheduleA/Total509Grp/TotalAmt09212411
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01938262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01845760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01853823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01824291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01791921
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09254057
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0463785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05847845
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06311630
IRS990ScheduleD/EquipmentGrp/BookValueAmt022198
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153225
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01826882
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt019000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt048026
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12011457
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECRUITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055167
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01938262
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THE RESIDENTS BY THE ENTITY. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE TENANTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FEBRUARY 28, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0504983
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02059483
IRS990ScheduleD/TotalExpensesPerForm990Amt01826882
IRS990ScheduleD/TotalLiabilityAmt018438
IRS990ScheduleD/TotalRevenuePerForm990Amt01938262
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01938262
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01826882
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: RICHARD PETERSON , EBONY PETERSON-ANDERSON, RIKI PETERSON-JICHA, AND ONYX PETERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTITY ENTERED INTO VARIOUS PROPERTY MANAGEMENT AGREEMENT WITH UNRELATED THIRD PARTIES TO PROVIDE RENTAL MANAGEMENT, REPAIRS, AND SUPERVISION SERVICES. THE ENTITY ENGAGED ARCO MANAGEMENT CORP AS THE MANAGEMENT COMPANY UNTIL APRIL 2021. IN APRIL 2021, THE ENTITY TERMINATED ITS AGREEMENT WITH ARCO AND ENTERED INTO A NEW MANAGEMENT AGREEMENT WITH GREYSTAR MANAGEMENT SERVICES, LLP. TOTAL FEES COMPENSATED FOR MANAGEMENT SERVICES IN TAX YEAR 2022 WAS $112,892.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENTITY DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ENTITY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS AND SUBSEQUENTLY FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ENTITY MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS AND ARTICLES OF INCORPORATION ARE ALSO AVAILABLE UPON WRITTEN REQUEST.
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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05053967
IRS990/TotalAssetsEOYAmt05313425
IRS990/TotalAssetsGrp/BOYAmt05053967
IRS990/TotalAssetsGrp/EOYAmt05313425
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0574725
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01252157
IRS990/TotalFunctionalExpensesGrp/TotalAmt01826882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0330202
IRS990/TotalLiabilitiesEOYAmt0478280
IRS990/TotalLiabilitiesGrp/BOYAmt0330202
IRS990/TotalLiabilitiesGrp/EOYAmt0478280
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04723765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04835145
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01252157
IRS990/TotalProgramServiceRevenueAmt01917702
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020560
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01917702
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01938262
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05053967
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05313425
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0270
IRS990/TravelGrp/TotalAmt0270
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121-A VARICK HOMES
IRS990/USAddress/CityNm0NEWBURGH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012550

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,313,425
Liabilities
$478,280
Net assets
$4,835,145
Revenue
$1,938,262
Expenses
$1,826,882
Net income
$111,380
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.42$4.70$2.15$2.23$0.08
2023Summary only. Only limited summary data is available for this year.$4.81$0.40$4.41$1.98$2.40$0.42
2022Detailed filing. Detailed filing data is available for this year.$5.31$0.48$4.84$1.94$1.83$0.11
2021Summary only. Only limited summary data is available for this year.$5.05$0.33$4.72$1.85$1.59$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$0.31$4.47$1.85$1.63$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.27$4.24$1.82$1.76$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.27$4.18$1.79$1.84$0.05
2017Summary only. Only limited summary data is available for this year.$4.60$0.38$4.23$1.71$1.47$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.22$0.23$3.98$1.74$1.54$0.20
2015Summary only. Only limited summary data is available for this year.$4.15$0.29$3.85$1.75$1.45$0.30
2014Summary only. Only limited summary data is available for this year.$3.75$0.22$3.53$1.64$1.51$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.19$3.40$1.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.28$3.19$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.26$2.97$1.22