Civic Intelligence

Western Catskills Community Revitalization Council Inc.

990 • Fiscal year 2016 • EIN 14-1624738

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 18, 2016

125 Main Street Suite AStamford, NY 12167

(607) 652-2823

Siviq Scores

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

Liabilities / Assets

67th percentile

0.39x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.28x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$49,846

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Asset Growth

46th percentile

0.4%

Faster asset growth than 46% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

72%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$932,187

Up $4,133 (+0.4%) from 2015

Net Assets

Up

$570,809

Up $64,343 (+13%) from 2015

Liabilities

Down

$361,378

Down $60,210 (-14%) from 2015

Revenue

Up

$1,303,274

Up $545,492 (+72%) from 2015

Expenses

Up

$1,466,607

Up $443,451 (+43%) from 2015

Net Income

Up

-$163,333

Up $102,041 (+38%) from 2015

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

2016

Assets$932,187
Liabilities$361,378
Net Assets$570,809

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

2016

Revenue$1,303,274
Expenses$1,466,607
Net Income-$163,333
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 18, 2016
Return Version
2015v2.0
Gross Receipts
$1,486,629
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$568,799$540,812▼ $27,987
Savings and Temporary Cash Investments$160,359$231,612▲ $71,253
Accounts Receivable$79,975$106,378▲ $26,403
Cash and Non-Interest-Bearing Accounts$103,563$36,815▼ $66,748
Prepaid Expenses and Deferred Charges$12,205$14,722▲ $2,517
Intangible Assets$3,153$1,848▼ $1,305
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$928,054$932,187▲ $4,133
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$278,048$233,857▼ $44,191
Accounts Payable and Accrued Expenses$53,107$103,142▲ $50,035
Other Liabilities$90,433$24,379▼ $66,054
Total Liabilities$421,588$361,378▼ $60,210
Net Assets / Fund Balance
Unrestricted Net Assets$504,363$538,270▲ $33,907
Temporarily Rstr Net Assets$2,103$32,539▲ $30,436
Total Net Assets Fund Balance$506,466$570,809▲ $64,343
Total Liabilities and Net Assets / Fund Balance$928,054$932,187▲ $4,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$522,827$105,121-
Land$10,000--
Equipment$7,985$78,503-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Velga Kundzin-tanExecutive DirectorFT$49,846$49,846

Board Members and Trustees

NameTitle
LOUIS J O'CONNORChairman
David B PeakeVice Chairman
Al SorrentinoBoard Member
Anne SlatinBoard Member
Claire ChastaineBoard Member
Joe LoverroBoard Member
Michale LambertBoard Member
Nancy GoldenBoard Member
Richard HinmanSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,254,608
Program Service Revenue
$148,494
Investment Income
$991
Other Revenue
$-100,819
All Other Contributions
$11,571
Change in Net Assets
$-163,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,423,497
Revenue Not Reported on Financial Statements
$-120,223
Revenue Not Reported on Form 990
$356,969
Other Revenue Adjustments
$-120,223
Total Revenue per Audited Statements
$1,780,466
Total Revenue per Form 990
$1,303,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,001,027
Salaries, Compensation, and Employee Benefits$350,268
Other Expenses$115,312
Total Fundraising Expense$2,662
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,001,027--$1,001,027
Other Salaries and Wages$215,350$34,310-$249,660
Current Officers, Directors, Trustees, and Key Employees$10,126$41,586-$51,712
Payroll Taxes$37,427$11,469-$48,896
Office Expenses-$13,717-$13,717
Occupancy$4,800$4,800-$9,600
Fees for Services Accounting-$8,400-$8,400
Travel-$7,775-$7,775
Insurance-$7,555-$7,555
Depreciation Depletion-$3,255-$3,255
Fees for Services Other$1,150$1,986-$3,136
All Other Expenses$900$1,973-$2,873
Fees for Services Legal-$2,866-$2,866
Other Expenses$1,077$213$1,565$2,855
Interest-$2,824-$2,824
Advertising-$555-$555
Total Functional Expenses$1,291,892$172,053$2,662$1,466,607

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,844,192
Expenses per Audited Statements$1,466,607
Total Expenses per Form 990$1,466,607
Expenses Not Reported on Form 990$377,585
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$24,379
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
Yes
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

Filer Name
Western Catskills Community
EIN
14-1624738
Phone
6076522823
Address
125 MAIN STREET SUITE A, STAMFORD, NY 12167

Signing Officer

Name
Velga Kundzins-tan
Title
Executive Director
Signed
2016-11-18
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
9

Preparer

Firm
Mostert Manzanero & Scott LLP
Address
4 Associate Dr, Oneonta, NY 13820
Preparer
Anthony T Manzanero
Phone
6074328700
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Distribution from partnership = $5079

Other Changes In Net Assets Or Fund Balances - Other Increases

Fees eliminated by consolidation = $102374

Other Changes In Net Assets Or Fund Balances - Other Decreases

K-1 INTEREST = -$804

Other Changes In Net Assets Or Fund Balances - Other Increases

Net k-1 loss reported on 990 = $121027

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 $62328 consolidation inc on other returns $294641

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

Rental expense netted against income $62328 consolidation exp on other returns $417631 fees eliminated by consolidation $-102374

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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0ADMINISTRATION FEES
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IRS990/OtherExpensesGrp/Desc3MISC EXPENSE
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IRS990/OtherExpensesGrp/FundraisingAmt11565
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026216
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12553
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IRS990/OtherExpensesGrp/TotalAmt24438
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IRS990/OtherLiabilitiesGrp/BOYAmt090433
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034310
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0249660
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011469
IRS990/PayrollTaxesGrp/ProgramServicesAmt037427
IRS990/PayrollTaxesGrp/TotalAmt048896
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012205
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014722
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110387
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0616834
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0564544
IRS990/PYInvestmentIncomeAmt01047
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IRS990/PYProgramServiceRevenueAmt0273997
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IRS990/PYSalariesCompEmpBnftPaidAmt0365313
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IRS990/PYTotalRevenueAmt0757782
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-163333
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-106265
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0887802
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IRS990ScheduleD/ExpensesNotReportedAmt0377585
IRS990ScheduleD/ExpensesSubtotalAmt01466607

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
2016Detailed filing. Detailed filing data is available for this year.$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