Civic Intelligence

Leeds Hose Company No 1 Inc.

990 • Fiscal year 2016 • EIN 14-1579005

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

970 Route 23BLeeds, NY 12451

(518) 929-1307

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.42x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • NTEE M24 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

2.72x

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

2016 filings • NTEE M24 • $500k-$1M nonprofits • Source year 2016

Net Margin

3rd percentile

-54%

Higher net margin than 3% of similar nonprofits.

2016 filings • NTEE M24 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2016 filings • NTEE M24 • $500k-$1M nonprofits • Source year 2016

Asset Growth

94th percentile

52%

Faster asset growth than 94% of similar nonprofits.

2016 filings • NTEE M24 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

3.3%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • NTEE M24 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$989,844

Up $337,088 (+52%) from 2015

Net Assets

Down

$569,437

Down $83,319 (-13%) from 2015

Liabilities

Up

$420,407

Up $420,407 from 2015

Revenue

Up

$154,769

Up $4,999 (+3.3%) from 2015

Expenses

Up

$238,088

Up $70,458 (+42%) from 2015

Net Income

Down

-$83,319

Down $65,459 (-367%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $652,756Liabilities 2015: $0Net Assets 2015: $652,7562015Assets 2016: $989,844Liabilities 2016: $420,407Net Assets 2016: $569,4372016Assets 2017: $980,993Liabilities 2017: $440,620Net Assets 2017: $540,3732017Assets 2018: $872,379Liabilities 2018: $367,434Net Assets 2018: $504,9452018Assets 2019: $732,273Liabilities 2019: $296,231Net Assets 2019: $436,0422019Assets 2020: $601,998Liabilities 2020: $297,443Net Assets 2020: $304,5552020Assets 2021: $556,405Liabilities 2021: $216,751Net Assets 2021: $339,6542021Assets 2022: $442,074Liabilities 2022: $149,916Net Assets 2022: $292,1582022Assets 2023: $420,610Liabilities 2023: $148,526Net Assets 2023: $272,0842023Assets 2024: $359,311Liabilities 2024: $53,152Net Assets 2024: $306,1592024

Highlighted filing

2016

Assets$989,844
Liabilities$420,407
Net Assets$569,437

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2015: $149,770Expenses 2015: $167,630Net Income 2015: -$17,8602015Revenue 2016: $154,769Expenses 2016: $238,088Net Income 2016: -$83,3192016Revenue 2017: $152,055Expenses 2017: $181,120Net Income 2017: -$29,0652017Revenue 2018: $164,801Expenses 2018: $200,707Net Income 2018: -$35,9062018Revenue 2019: $173,502Expenses 2019: $242,405Net Income 2019: -$68,9032019Revenue 2020: $156,681Expenses 2020: $239,133Net Income 2020: -$82,4522020Revenue 2021: $275,885Expenses 2021: $240,788Net Income 2021: $35,0972021Revenue 2022: $181,469Expenses 2022: $228,963Net Income 2022: -$47,4942022Revenue 2023: $181,677Expenses 2023: $201,753Net Income 2023: -$20,0762023Revenue 2024: $194,685Expenses 2024: $160,608Net Income 2024: $34,0772024

Highlighted filing

2016

Revenue$154,769
Expenses$238,088
Net Income-$83,319
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$154,830
Mission and Program Overview

Mission

To provide fire protection and public safety to te residents and business in the village of leeds and the surrounding community

To provide fire protection and public safety to the residents and businesses in the village of leeds and the surrounding community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$257,774$751,872▲ $494,098
Savings and Temporary Cash Investments$391,782$237,972▼ $153,810
Cash and Non-Interest-Bearing Accounts$3,200$0▼ $3,200
Accounts Receivable$0$0→ $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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$652,756$989,844▲ $337,088
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$393,095▲ $393,095
Other Liabilities$0$27,312▲ $27,312
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$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$0$420,407▲ $420,407
Net Assets / Fund Balance
Unrestricted Net Assets$652,756$569,437▼ $83,319
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$652,756$569,437▼ $83,319
Total Liabilities and Net Assets / Fund Balance$652,756$989,844▲ $337,088

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$626,391$690,345$1,316,736
Buildings$123,077$26,923$150,000
Other Land Buildings$2,404$1,029$3,433
Compensation and Service Providers

Board Members and Trustees

NameTitle
Josh WeaverPresident as Needed
Amanda BlakeVice President as Needed
Cliff VankleeckDirector as Needed
George HolsappleDirector as Needed
Paul Vandermark SrDirector as Needed
Ralph GaltieriDirector as Needed
Ted LudmanDirector as Needed
Tom Mccullough IiiDirector as Needed
Tom Mccullough JrDirector as Needed
John JarvisChief as Needed
Kristin BrazieSecretary/treasurer as Needed
Revenue and Support

Revenue Composition

Contributions and Grants
$149,739
Program Service Revenue
$0
Investment Income
$1,255
Other Revenue
$3,775
Change in Net Assets
$-83,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,425
Salaries, Compensation, and Employee Benefits$3,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$155,497$385$0$155,882
Insurance$18,058$0$0$18,058
All Other Expenses$8,508$1,754-$10,262
Occupancy$7,572$841$0$8,413
Conferences and Meetings$0$4,886$0$4,886
Other Expenses$3,807$423$0$4,230
Other Employee Benefits$0$3,663$0$3,663
Information Technology$642$641$0$1,283
Fees for Services Accounting$0$1,150$0$1,150
Office Expenses$376$376$0$752
Advertising$0$675$0$675
Total Functional Expenses$222,482$15,606$0$238,088
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$122
Gaming Direct Expenses$61
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Cash Deficit$27,312
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11 - Review of Tax Return

A copy of the tax return is made available to all board members for review and approval before the return is filed.

Form 990, Part VI, Section C, Line 18 - Public Availability

The organization makes its governing documents, application for tax-exempt status (from 1023) and its tax return form 990 availbale to the public upon written request.

Filing and Contact Details

Filer

Filer Name
LEEDS HOSE COMPANY #1 INC
EIN
14-1579005
In Care Of
% ROBERT NAPPA
Phone
5189291307
Address
970 ROUTE 23B, LEEDS, NY 12451

Signing Officer

Name
Robert Nappa
Title
President
Phone
5189291307
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Nappa
Formed
1925
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Pattison Koskey Howe & Bucci CPA
Address
45 FIVE MILE WOODS ROAD, CATSKILL, NY 12414
Preparer
Bradley Cummings CPA
Phone
5189434502
Supplemental Narrative

Additional Explanations

Form 4562

Irc section 168(k)(2)(d)(iii) taxpayer elects under irc section 168(k)(2)(d)(iii) not to claim the special depreciation allowance for the following classes of property placed in service during the tax year ended december 31, 2016. 3 years macrs 5 years macrs 7 years macrs 10 years macrs 15 years macrs 20 years macrs section 179

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