Civic Intelligence

Western Catskills Community Revitalization Council Inc.

990 • Fiscal year 2014 • EIN 14-1624738

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 14, 2014

125 Main Street Suite A12167

(607) 652-2823

Siviq Scores

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

Liabilities / Assets

57th percentile

0.32x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.31x

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

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

37th percentile

$50,893

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Asset Growth

20th percentile

-5.9%

Faster asset growth than 20% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

27th percentile

-6.0%

Faster revenue growth than 27% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$945,616

Down $59,640 (-5.9%) from 2013

Net Assets

Down

$646,345

Down $86,738 (-12%) from 2013

Liabilities

Up

$299,271

Up $27,098 (+10.0%) from 2013

Revenue

Down

$979,760

Down $62,940 (-6.0%) from 2013

Expenses

Up

$1,119,716

Up $30,081 (+2.8%) from 2013

Net Income

Down

-$139,956

Down $93,021 (-198%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $849,807Liabilities 2012: $66,534Net Assets 2012: $783,2732012Assets 2013: $1,005,256Liabilities 2013: $272,173Net Assets 2013: $733,0832013Assets 2014: $945,616Liabilities 2014: $299,271Net Assets 2014: $646,3452014Assets 2015: $928,054Liabilities 2015: $421,588Net Assets 2015: $506,4662015Assets 2016: $932,187Liabilities 2016: $361,378Net Assets 2016: $570,8092016Assets 2017: $954,845Liabilities 2017: $325,867Net Assets 2017: $628,9782017Assets 2018: $875,822Liabilities 2018: $357,766Net Assets 2018: $518,0562018Assets 2019: $863,519Liabilities 2019: $269,539Net Assets 2019: $593,9802019Assets 2020: $784,262Liabilities 2020: $288,992Net Assets 2020: $495,2702020Assets 2021: $1,382,421Liabilities 2021: $751,363Net Assets 2021: $631,0582021Assets 2022: $944,018Liabilities 2022: $277,773Net Assets 2022: $666,2452022Assets 2023: $1,431,390Liabilities 2023: $573,142Net Assets 2023: $858,2482023Assets 2024: $1,374,939Liabilities 2024: $366,762Net Assets 2024: $1,008,1772024Assets 2025: $1,347,332Liabilities 2025: $226,534Net Assets 2025: $1,120,7982025

Highlighted filing

2014

Assets$945,616
Liabilities$299,271
Net Assets$646,345

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,139,443Expenses 2012: $1,178,064Net Income 2012: -$38,6212012Revenue 2013: $1,042,700Expenses 2013: $1,089,635Net Income 2013: -$46,9352013Revenue 2014: $979,760Expenses 2014: $1,119,716Net Income 2014: -$139,9562014Revenue 2015: $757,782Expenses 2015: $1,023,156Net Income 2015: -$265,3742015Revenue 2016: $1,303,274Expenses 2016: $1,466,607Net Income 2016: -$163,3332016Revenue 2017: $976,743Expenses 2017: $918,574Net Income 2017: $58,1692017Revenue 2018: $921,499Expenses 2018: $1,032,421Net Income 2018: -$110,9222018Revenue 2019: $1,153,535Expenses 2019: $1,077,611Net Income 2019: $75,9242019Revenue 2020: $640,261Expenses 2020: $738,971Net Income 2020: -$98,7102020Revenue 2021: $1,955,088Expenses 2021: $1,819,300Net Income 2021: $135,7882021Revenue 2022: $1,125,761Expenses 2022: $1,090,574Net Income 2022: $35,1872022Revenue 2023: $2,217,354Expenses 2023: $2,025,351Net Income 2023: $192,0032023Revenue 2024: $1,480,274Expenses 2024: $1,330,345Net Income 2024: $149,9292024Revenue 2025: $1,730,694Expenses 2025: $1,618,073Net Income 2025: $112,6212025

Highlighted filing

2014

Revenue$979,760
Expenses$1,119,716
Net Income-$139,956
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$1,101,375
Mission and Program Overview

Mission

Western catskills community revitalization council, inc. Concentrates its efforts on the creation of new housing and the improvement of existing housing that will best serve the needs of the low and moderate income residents of their service area. They have developed and manages two 24-unit low/moderate-income senior housing projects. They also provide assistance to various townships, villages, and hamlets with water and sewer projects, storm water control projects. They are a hud approved counseling agency and as such offers financial counseling on topics such as mortgages, credit, debt consolidation, bankruptcy, budgeting and more. They also offer classes in home ownership counseling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$612,003$602,115▼ $9,888
Savings and Temporary Cash Investments$255,744$161,000▼ $94,744
Accounts Receivable$78,588$86,909▲ $8,321
Cash and Non-Interest-Bearing Accounts$41,576$79,258▲ $37,682
Prepaid Expenses and Deferred Charges$11,583$11,876▲ $293
Intangible Assets$5,762$4,458▼ $1,304
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,005,256$945,616▼ $59,640
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$190,634$187,139▼ $3,495
Accounts Payable and Accrued Expenses$44,183$64,025▲ $19,842
Other Liabilities$37,356$48,107▲ $10,751
Total Liabilities$272,173$299,271▲ $27,098
Net Assets / Fund Balance
Unrestricted Net Assets$723,593$642,242▼ $81,351
Temporarily Rstr Net Assets$9,490$4,103▼ $5,387
Total Net Assets Fund Balance$733,083$646,345▼ $86,738
Total Liabilities and Net Assets / Fund Balance$1,005,256$945,616▼ $59,640

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$566,917$62,487-
Land$10,000--
Equipment$25,198$54,857-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Linda StratigosExecutive DirecFT$50,893$50,893
Velga Kundzins-tanExecutive DirectorFT$39,314$39,314

Board Members and Trustees

NameTitle
LOUIS J O'CONNORChairman
David B PeakeVice Chairman
Al SorrentinoBoard Member
Anne SlatinBoard Member
Claire ChastaineBoard Member
Kelly KeckBoard Member
Michale LambertBoard Member
Walter KramerBoard Member
Richard HinmanSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$895,177
Program Service Revenue
$138,657
Investment Income
$1,404
Other Revenue
$-55,478
Change in Net Assets
$-139,956

Audited Revenue Reconciliation

Revenue per Audited Statements
$932,061
Revenue Not Reported on Financial Statements
$47,699
Revenue Not Reported on Form 990
$394,393
Other Revenue Adjustments
$47,699
Total Revenue per Audited Statements
$1,326,454
Total Revenue per Form 990
$979,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$693,327
Salaries, Compensation, and Employee Benefits$346,571
Other Expenses$79,818
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$693,327--$693,327
Other Salaries and Wages$196,518$10,273-$206,791
Current Officers, Directors, Trustees, and Key Employees$18,041$72,166-$90,207
Payroll Taxes$35,729$13,844-$49,573
Fees for Services Other$12,459$4,149-$16,608
Office Expenses-$14,307-$14,307
Depreciation Depletion-$8,990-$8,990
Travel-$8,131-$8,131
Insurance-$7,633-$7,633
Fees for Services Accounting-$7,500-$7,500
Fees for Services Management-$5,271-$5,271
Other Expenses-$2,552-$2,552
Occupancy-$1,367-$1,367
Advertising-$911-$911
Total Functional Expenses$956,074$163,642$0$1,119,716

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,541,964
Expenses per Audited Statements$1,119,716
Total Expenses per Form 990$1,119,716
Expenses Not Reported on Form 990$422,248
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$48,107
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
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, Line 11B: Form 990 Review Process

Review of Form 990 can be completed during the course of a regularly scheduled Board meeting at which a quorum is present. In the event no meeting is scheduled prior to the due date of filing Form 990, the Board of Directors may review and approve said form electronically with all approvals being forwarded to the Executive Director of WCCRC.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members and senior staff will annually disclose and promptly update any disclosures previously made on an Annual Conflict Disclosure Questionnaire Form provided by the Organization that requests them to identify their interests that could give rise to conflicts or interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members as well as other nonprofit organizations.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Executive Director's compensation is presented in detail to the Board as part of the budget. We have researched compensations on the internet to see how they compare to elsewhere.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The by-laws, financial statements and tax forms are available for public review at the Western Catskill's office during regular business hours provided that an appointment has been made at least 48 hours in advance. A charge for copies and handling may be levied.

Filing and Contact Details

Filer

EIN
14-1624738
Phone
6076522823

Signing Officer

Name
Velga Kundzins-tan
Title
Executive Director
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Velga Kundzins-tan
Formed
1981
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
9

Preparer

Preparer
Anthony T Manzanero
Phone
6074328700
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Net k-1 income reported on 990 = $53218

Financial Statement Notes

Part X : FIN48 Footnote

WCCRC is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. In addition, WCCRC qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2).WCCRC reviews the components of revenues, gains, and other support and analyzes whether the position that the organization takes with regard to a particular item of income would meet the definition of an uncertain tax position under GAAP.WCCRC files information returns in the U.S. Federal jurisdiction. WCCRC is no longer subject to U.S. Federal examination for the years before 2006.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rental expense netted against income $67432 consolidation inc on other returns $326961

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

K-1 income reported on 990 $-53218 fees eliminated by consol. On statements $100917

Part XII, Line 2D: Other expenses and losses per audited F/S

Rental expense netted against income $67432 consolidation exp on other returns $455733 fees eliminated by consolidation $-100917

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IRS990/MissionDesc0WESTERN CATSKILLS COMMUNITY REVITALIZATION COUNCIL, INC. CONCENTRATES ITS EFFORTS ON THE CREATION OF NEW HOUSING AND THE IMPROVEMENT OF EXISTING HOUSING THAT WILL BEST SERVE THE NEEDS OF THE LOW AND MODERATE INCOME RESIDENTS OF THEIR SERVICE AREA. THEY HAVE DEVELOPED AND MANAGES TWO 24-UNIT LOW/MODERATE-INCOME SENIOR HOUSING PROJECTS. THEY ALSO PROVIDE ASSISTANCE TO VARIOUS TOWNSHIPS, VILLAGES, AND HAMLETS WITH WATER AND SEWER PROJECTS, STORM WATER CONTROL PROJECTS. THEY ARE A HUD APPROVED COUNSELING AGENCY AND AS SUCH OFFERS FINANCIAL COUNSELING ON TOPICS SUCH AS MORTGAGES, CREDIT, DEBT CONSOLIDATION, BANKRUPTCY, BUDGETING AND MORE. THEY ALSO OFFER CLASSES IN HOME OWNERSHIP COUNSELING.
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IRS990/OfficerMailingAddressInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt053218
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IRS990/OtherExpensesGrp/Desc0MISC EXPENSE
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22552
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IRS990/OtherExpensesGrp/TotalAmt12774
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IRS990/OtherRevenueTotalAmt0600
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0206791
IRS990/OtherWebsiteInd0X
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013844
IRS990/PayrollTaxesGrp/ProgramServicesAmt035729
IRS990/PayrollTaxesGrp/TotalAmt049573
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011583
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011876
IRS990/PrincipalOfficerNm0VELGA KUNDZINS-TAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0HOMEOWNERS MATCHING
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER FEES
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM DELIVERY & ADMIN.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036240
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1100917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21500
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1100917
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0870195
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0719849
IRS990/PYInvestmentIncomeAmt0813
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt059788
IRS990/PYOtherRevenueAmt0-4712
IRS990/PYProgramServiceRevenueAmt0176674
IRS990/PYRevenuesLessExpensesAmt0-46665
IRS990/PYSalariesCompEmpBnftPaidAmt0309998
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IRS990/PYTotalRevenueAmt01042970
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-139956
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-56078
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0255744
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0833031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01070297
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0439
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06071
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06213
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06176
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt040412
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.96330
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IRS990ScheduleA/TotalSupportAmt04692139
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/BookValueAmt025198
IRS990ScheduleD/EquipmentGrp/DepreciationAmt054857
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IRS990ScheduleD/ExpensesNotReportedAmt0422248
IRS990ScheduleD/ExpensesSubtotalAmt01119716
IRS990ScheduleD/FootnoteTextInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.23$1.12$1.73$1.62$0.11
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.37$1.01$1.48$1.33$0.15
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.57$0.86$2.22$2.03$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.28$0.67$1.13$1.09$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.75$0.63$1.96$1.82$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.29$0.50$0.64$0.74$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.27$0.59$1.15$1.08$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.36$0.52$0.92$1.03$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.33$0.63$0.98$0.92$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.36$0.57$1.30$1.47$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.42$0.51$0.76$1.02$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.30$0.65$0.98$1.12$0.14
2013Summary only. Only limited summary data is available for this year.$1.01$0.27$0.73$1.04$1.09$0.05
2012Summary only. Only limited summary data is available for this year.$0.85$0.07$0.78$1.14$1.18$0.04