Civic Intelligence

Greystone Programs Inc.

990 • Fiscal year 2015 • EIN 14-1608318

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

2070 Route 52 Bldg 330D 2nd FloorHopewell Junction, NY 12533

(845) 452-5772

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.36x

Higher debt load relative to assets than 53% of similar nonprofits.

2015 filings • NTEE P • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.23x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • NTEE P • $10M-$25M nonprofits • Source year 2015

Net Margin

64th percentile

4.3%

Higher net margin than 64% of similar nonprofits.

2015 filings • NTEE P • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

36th percentile

$163,303

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2015 filings • NTEE P • $10M-$25M nonprofits • Source year 2015

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

2015 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

0.5%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$9,615,441

Up $493,568 (+5.4%) from 2014

Net Assets

Up

$6,190,935

Up $655,104 (+12%) from 2014

Liabilities

Down

$3,424,506

Down $161,536 (-4.5%) from 2014

Revenue

Up

$14,785,043

Up $66,569 (+0.5%) from 2014

Expenses

Down

$14,142,526

Down $659,102 (-4.5%) from 2014

Net Income

Up

$642,517

Up $725,671 (+873%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $10,638,395Liabilities 2010: $5,873,148Net Assets 2010: $4,765,2472010Assets 2011: $11,155,441Liabilities 2011: $6,546,077Net Assets 2011: $4,609,3642011Assets 2012: $10,542,778Liabilities 2012: $5,723,490Net Assets 2012: $4,819,2882012Assets 2013: $10,841,767Liabilities 2013: $5,232,515Net Assets 2013: $5,609,2522013Assets 2014: $9,121,873Liabilities 2014: $3,586,042Net Assets 2014: $5,535,8312014Assets 2015: $9,615,441Liabilities 2015: $3,424,506Net Assets 2015: $6,190,9352015Assets 2016: $10,481,210Liabilities 2016: $3,610,176Net Assets 2016: $6,871,0342016Assets 2017: $9,673,985Liabilities 2017: $3,390,924Net Assets 2017: $6,283,0612017Assets 2018: $9,150,055Liabilities 2018: $3,571,845Net Assets 2018: $5,578,2102018Assets 2019: $9,823,230Liabilities 2019: $4,846,107Net Assets 2019: $4,977,1232019Assets 2020: $13,346,363Liabilities 2020: $8,482,405Net Assets 2020: $4,863,9582020Assets 2021: $13,042,788Liabilities 2021: $6,413,897Net Assets 2021: $6,628,8912021Assets 2022: $14,451,764Liabilities 2022: $8,042,779Net Assets 2022: $6,408,9852022Assets 2023: $15,840,302Liabilities 2023: $8,747,995Net Assets 2023: $7,092,3072023Assets 2024: $16,831,085Liabilities 2024: $9,352,753Net Assets 2024: $7,478,3322024

Highlighted filing

2015

Assets$9,615,441
Liabilities$3,424,506
Net Assets$6,190,935

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $13,387,9902010Expenses 2011: $13,363,7372011Expenses 2012: $13,883,3082012Revenue 2013: $14,547,244Expenses 2013: $14,454,169Net Income 2013: $93,0752013Revenue 2014: $14,718,474Expenses 2014: $14,801,628Net Income 2014: -$83,1542014Revenue 2015: $14,785,043Expenses 2015: $14,142,526Net Income 2015: $642,5172015Revenue 2016: $16,099,147Expenses 2016: $15,425,677Net Income 2016: $673,4702016Revenue 2017: $16,360,213Expenses 2017: $16,950,446Net Income 2017: -$590,2332017Revenue 2018: $16,842,669Expenses 2018: $17,547,467Net Income 2018: -$704,7982018Revenue 2019: $17,681,974Expenses 2019: $18,283,274Net Income 2019: -$601,3002019Revenue 2020: $20,279,149Expenses 2020: $20,384,877Net Income 2020: -$105,7282020Revenue 2021: $22,767,169Expenses 2021: $21,004,152Net Income 2021: $1,763,0172021Revenue 2022: $26,726,860Expenses 2022: $26,756,897Net Income 2022: -$30,0372022Revenue 2023: $25,314,377Expenses 2023: $24,672,800Net Income 2023: $641,5772023Revenue 2024: $28,181,502Expenses 2024: $27,871,571Net Income 2024: $309,9312024

Highlighted filing

2015

Revenue$14,785,043
Expenses$14,142,526
Net Income$642,517
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$14,785,043
Mission and Program Overview

Mission

Greystone programs, inc. Is dedicated to supporting children, adults, and families living with autism and other developmental disabilities by enriching lives one person at a time.

Committed to providing exceptional services and life enriching opportunities for children, adults, and families living with autism and other developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,065,447$4,484,621▲ $419,174
Savings and Temporary Cash Investments$1,874,409$1,889,842▲ $15,433
Accounts Receivable$1,446,659$1,714,131▲ $267,472
Cash and Non-Interest-Bearing Accounts$1,540,001$1,403,373▼ $136,628
Prepaid Expenses and Deferred Charges$182,857$118,474▼ $64,383
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$9,121,873$9,615,441▲ $493,568
Other Assets Total$12,500$5,000▼ $7,500
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,773,816$1,737,185▼ $36,631
Accounts Payable and Accrued Expenses$834,116$800,993▼ $33,123
Other Liabilities$646,425$480,966▼ $165,459
Escrow Account Liability$302,293$313,929▲ $11,636
Deferred Revenue$29,392$91,433▲ $62,041
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,586,042$3,424,506▼ $161,536
Net Assets / Fund Balance
Unrestricted Net Assets$5,535,831$6,190,935▲ $655,104
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$5,535,831$6,190,935▲ $655,104
Total Liabilities and Net Assets / Fund Balance$9,121,873$9,615,441▲ $493,568

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,322,268$4,745,203$8,067,471
Equipment$235,065$1,138,230$1,373,295
Land$921,012-$921,012
Other Land Buildings$6,276$586,748$593,024
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Skip PryceChief Executive OfficerFT$137,780$25,523$163,303
Stephen KellyChief Financial OfficerFT$106,444$10,842$117,286
Richard SwansonAssistant Executive DirectorFT$106,607$4,349$110,956

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$17,095
Program Service Revenue
$14,730,743
Investment Income
$23,895
Other Revenue
$13,310
Change in Net Assets
$642,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,785,043
Total Revenue per Audited Statements
$14,785,043
Total Revenue per Form 990
$14,785,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,932,099
Other Expenses$3,210,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,571,955$623,190-$8,195,145
Other Employee Benefits$1,458,341$161,444-$1,619,785
Payroll Taxes$614,988$75,837-$690,825
Occupancy$607,561$38,695-$646,256
Depreciation Depletion$513,944$44,598-$558,542
Fees for Services Other$304,298$132,274-$436,572
Travel$353,128$18,953-$372,081
Current Officers, Directors, Trustees, and Key Employees-$280,589-$280,589
Pension Plan Contributions$145,755--$145,755
All Other Expenses$81,300$29,531-$110,831
Office Expenses$21,293$63,444-$84,737
Other Expenses$74,675$27,638-$74,675
Insurance$46,646$12,022-$58,668
Conferences and Meetings$26,924$15,346-$42,270
Fees for Services Legal-$38,286-$38,286
Fees for Services Accounting-$27,620-$27,620
Total Functional Expenses$12,528,743$1,613,783$0$14,142,526

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,142,526
Total Expenses per Audited Statements$14,142,526
Total Expenses per Form 990$14,142,526
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
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
Due to Opwdd$471,918
Interest Rate Swap Liability$9,048
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 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
No
Conflict-of-interest policy
Yes
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 11B:

A draft form 990 is provided to the organization and is reviewed by the chief executive officer, the chief financial officer, along with the assistant executive director of operations and any issues are addressed. A copy of form 990 is provided to the entire governing body following finance committee review and approval.

FORM 990, PART VI, SECTION B, LINE 12C:

Upon review of the annually completed conflict of interest disclosure statements, the corporate compliance officer reviews any potential conflict of interest issues with the board of directors.

FORM 990, PART VI, SECTION B, LINE 15A:

The chief executive officer's compensation is determined by the personnel committee of the board of directors using data from 990's and other information. The decision of the board in determining the chief executive officer's compensation is contemporaneously documented in the board of directors minutes.

FORM 990, PART VI, SECTION B, LINE 15B:

Comparability data is used by the chief executive officer to determine starting salaries of other key employees such as the chief financial officer and assistant executive directors. Such compensation is within the budget approved by the board of directors. The decision of the chief executive officer in determining such compensation is contemporaneously documented in the personnel file.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Greystone Programs Inc
EIN
14-1608318
In Care Of
% STEPHEN KELLY
Phone
8454525772
Address
2070 ROUTE 52 BLDG 330D 2ND FLOOR, HOPEWELL JUNCTION, NY 12533

Signing Officer

Name
Steve Kelly
Title
CFO
Phone
8454525772
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Skip Pryce
Formed
1979
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
491
Volunteers
13

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

GAIN ON SWAP AGREEMENTS

Financial Statement Notes

PART IV, LINE 2B:

The organization has signature authority over participant funds. These funds are used for authorized and allowable purchases of participants' personal items. The cash is considered by management to be restricted for use by the participants.

PART X, LINE 2:

Under the provisions of ASC 740 "income taxes", an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained. Greystone Programs, Inc. does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed Internal Revenue Service Form 990 tax returns, as required, and all other applicable returns in jurisdictions when it is required. For the year ended December 31, 2015, there was no interest or penalties recorded or included in the statement of activities. The organization is subject to routine audits by a taxing authority. As of December 31, 2015, the organization was not subject to any examination by the taxing authority. Management believes it is no longer subject to income tax examination for the years prior to 2012.

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IRS990/Form990PartVIISectionAGrp/PersonNm10TOM NOCKET
IRS990/Form990PartVIISectionAGrp/PersonNm11SYLVIA THURBER THRU 315
IRS990/Form990PartVIISectionAGrp/PersonNm12AUDREY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm13SKIP PRYCE
IRS990/Form990PartVIISectionAGrp/PersonNm14STEPHEN KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm15RICHARD SWANSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASSISTANT EXECUTIVE DIRECTOR
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IRS990/FormationYr01979
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IRS990/MissionDesc0GREYSTONE PROGRAMS, INC. IS A NONPROFIT ORGANIZATION PROVIDING SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS. THE ORGANIZATION OFFERS SPECIALIZED PROGRAMMING IN RESIDENTIAL AND COMMUNITY SETTINGS.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt021293
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IRS990/OtherChangesInNetAssetsAmt012587
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0161444
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01458341
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01619785
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1EQUIPMENT REPAIR/MAINTENANCE
IRS990/OtherExpensesGrp/Desc2GENERAL & ADMIN. EXPENSES
IRS990/OtherExpensesGrp/Desc3PARTICIPANT ALLOWANCES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116397
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt227638
IRS990/OtherExpensesGrp/ProgramServicesAmt0305592
IRS990/OtherExpensesGrp/ProgramServicesAmt1208215
IRS990/OtherExpensesGrp/ProgramServicesAmt2194128
IRS990/OtherExpensesGrp/ProgramServicesAmt374675
IRS990/OtherExpensesGrp/TotalAmt0313511
IRS990/OtherExpensesGrp/TotalAmt1224612
IRS990/OtherExpensesGrp/TotalAmt2221766
IRS990/OtherExpensesGrp/TotalAmt374675
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0614988
IRS990/PayrollTaxesGrp/TotalAmt0690825
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0118474
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IRS990/ProgramServiceRevenueGrp/Desc1INTERMEDIATE CARE FACILITIES
IRS990/ProgramServiceRevenueGrp/Desc2DAYTIME HABILITATION
IRS990/ProgramServiceRevenueGrp/Desc3OTHER THERAPY PROGRAMS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11834831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21665740
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31502891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09727281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11834831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21665740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31502891
IRS990/ProgSrvcAccomActy2Grp/Desc0INTERMEDIATE CARE FACILITIES - PROVIDES COMPREHENSIVE AND INDIVIDUALIZED HEALTHCARE AND ACTIVE TREATMENT FOR INDIVIDUALS LIVING WITH AUTISM AND DEVELOPMENTAL DISABILITIES AS TO SUPPORT EACH PERSON'S FUNCTIONAL STATUS AND INDEPENDENCE. CLIENTS SERVED: 16
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01571329
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01834831
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER THERAPY PROGRAMS - INCLUDES HOME BEHAVIOR THERAPY; COMMUNITY HABILITATION; DAY HABILITATION; CLUB COOL; POSITIVE BEHAVIORAL SUPPORT; SURPASS; SERVICE COORDINATION; WEEKEND RESPITE; SCHOOL BREAK RESPITE. CLIENTS SERVED: 515
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02290563
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03168631
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025926
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IRS990/PYOtherExpensesAmt03631971
IRS990/PYOtherRevenueAmt063374
IRS990/PYProgramServiceRevenueAmt014532129
IRS990/PYRevenuesLessExpensesAmt0-83154
IRS990/PYSalariesCompEmpBnftPaidAmt011169657

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$9.35$7.48$28.2$27.9$0.31
2023Detailed filing. Detailed filing data is available for this year.$15.8$8.75$7.09$25.3$24.7$0.64
2022Detailed filing. Detailed filing data is available for this year.$14.5$8.04$6.41$26.7$26.8$0.03
2021Detailed filing. Detailed filing data is available for this year.$13.0$6.41$6.63$22.8$21.0$1.76
2020Detailed filing. Detailed filing data is available for this year.$13.3$8.48$4.86$20.3$20.4$0.11
2019Detailed filing. Detailed filing data is available for this year.$9.82$4.85$4.98$17.7$18.3$0.60
2018Detailed filing. Detailed filing data is available for this year.$9.15$3.57$5.58$16.8$17.5$0.70
2017Detailed filing. Detailed filing data is available for this year.$9.67$3.39$6.28$16.4$17.0$0.59
2016Detailed filing. Detailed filing data is available for this year.$10.5$3.61$6.87$16.1$15.4$0.67
2015Detailed filing. Detailed filing data is available for this year.$9.62$3.42$6.19$14.8$14.1$0.64
2014Detailed filing. Detailed filing data is available for this year.$9.12$3.59$5.54$14.7$14.8$0.08
2013Detailed filing. Detailed filing data is available for this year.$10.8$5.23$5.61$14.5$14.5$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$5.72$4.82$13.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$6.55$4.61$13.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$5.87$4.77$13.4