Civic Intelligence

Burchacon Housing Inc.

990 • Fiscal year 2021 • EIN 14-1632619

Jan 01, 2021 to Dec 31, 2021 • Filed on May 02, 2022

337 West Main StMalone, NY 12953

(518) 483-5934

Siviq Scores

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

Liabilities / Assets

58th percentile

0.83x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

3.96x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Net Margin

60th percentile

1.8%

Higher net margin than 60% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Asset Growth

50th percentile

-1.6%

Faster asset growth than 50% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-2.6%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,394,882

Down $39,131 (-1.6%) from 2020

Net Assets

Up

$412,591

Up $9,262 (+2.3%) from 2020

Liabilities

Down

$1,982,291

Down $48,393 (-2.4%) from 2020

Revenue

Down

$501,182

Down $13,356 (-2.6%) from 2020

Expenses

Down

$491,920

Down $11,748 (-2.3%) from 2020

Net Income

Down

$9,262

Down $1,608 (-15%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $541,885Liabilities 2011: $2,276,248Net Assets 2011: -$1,734,3632011Assets 2012: $503,086Liabilities 2012: $2,253,925Net Assets 2012: -$1,750,8392012Assets 2013: $477,173Liabilities 2013: $2,237,764Net Assets 2013: -$1,760,5912013Assets 2014: $441,883Liabilities 2014: $2,216,174Net Assets 2014: -$1,774,2912014Assets 2015: $1,062,290Liabilities 2015: $2,505,532Net Assets 2015: -$1,443,2422015Assets 2016: $1,658,928Liabilities 2016: $2,572,103Net Assets 2016: -$913,1752016Assets 2017: $2,457,675Liabilities 2017: $2,134,257Net Assets 2017: $323,4182017Assets 2018: $2,442,851Liabilities 2018: $2,104,911Net Assets 2018: $337,9402018Assets 2019: $2,461,663Liabilities 2019: $2,069,204Net Assets 2019: $392,4592019Assets 2020: $2,434,013Liabilities 2020: $2,030,684Net Assets 2020: $403,3292020Assets 2021: $2,394,882Liabilities 2021: $1,982,291Net Assets 2021: $412,5912021Assets 2022: $2,295,282Liabilities 2022: $1,924,416Net Assets 2022: $370,8662022Assets 2023: $2,357,622Liabilities 2023: $1,875,792Net Assets 2023: $481,8302023Assets 2024: $2,262,572Liabilities 2024: $1,822,229Net Assets 2024: $440,3432024

Highlighted filing

2021

Assets$2,394,882
Liabilities$1,982,291
Net Assets$412,591

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $411,966Expenses 2011: $440,984Net Income 2011: -$29,0182011Revenue 2012: $407,828Expenses 2012: $424,304Net Income 2012: -$16,4762012Revenue 2013: $408,354Expenses 2013: $418,106Net Income 2013: -$9,7522013Revenue 2014: $409,875Expenses 2014: $423,575Net Income 2014: -$13,7002014Revenue 2015: $754,308Expenses 2015: $423,259Net Income 2015: $331,0492015Revenue 2016: $955,678Expenses 2016: $425,611Net Income 2016: $530,0672016Revenue 2017: $1,670,506Expenses 2017: $433,913Net Income 2017: $1,236,5932017Revenue 2018: $487,617Expenses 2018: $473,095Net Income 2018: $14,5222018Revenue 2019: $566,816Expenses 2019: $512,297Net Income 2019: $54,5192019Revenue 2020: $514,538Expenses 2020: $503,668Net Income 2020: $10,8702020Revenue 2021: $501,182Expenses 2021: $491,920Net Income 2021: $9,2622021Revenue 2022: $515,739Expenses 2022: $557,464Net Income 2022: -$41,7252022Revenue 2023: $758,676Expenses 2023: $647,712Net Income 2023: $110,9642023Revenue 2024: $421,832Expenses 2024: $463,319Net Income 2024: -$41,4872024

Highlighted filing

2021

Revenue$501,182
Expenses$491,920
Net Income$9,262
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 2, 2022
Return Version
2021v4.0
Gross Receipts
$501,182
Mission and Program Overview

Mission

Low income elderly and family housing.

Low income elderly and family housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,134,194$2,081,133▼ $53,061
Savings and Temporary Cash Investments$213,133$189,299▼ $23,834
Cash and Non-Interest-Bearing Accounts$63,232$82,745▲ $19,513
Accounts Receivable$21,333$31,517▲ $10,184
Prepaid Expenses and Deferred Charges$2,121$3,678▲ $1,557
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,434,013$2,394,882▼ $39,131
Other Assets Total-$6,510-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,991,641$1,945,085▼ $46,556
Other Liabilities$29,503$26,517▼ $2,986
Accounts Payable and Accrued Expenses$9,540$10,689▲ $1,149
Total Liabilities$2,030,684$1,982,291▼ $48,393
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$403,329$412,591▲ $9,262
Total Net Assets Fund Balance$403,329$412,591▲ $9,262
Total Liabilities and Net Assets / Fund Balance$2,434,013$2,394,882▼ $39,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,039,428$1,992,621$4,032,049
Land$44,079-$44,079
Other Land Buildings$-2,683$18,705$16,022
Equipment$309$4,822$5,131
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paulette DearPresident
John AshlineVice President
Doris AllenDirector
Genevieve GeroDirector
Joelle LamicaDirector
Ruth DemarseDirector
Eileen GillenExecutive Director
Vickie GuerinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$109,682
Program Service Revenue
$391,412
Investment Income
$88
Other Revenue
$0
Change in Net Assets
$9,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$501,182
Total Revenue per Audited Statements
$501,182
Total Revenue per Form 990
$501,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$422,458
Salaries, Compensation, and Employee Benefits$69,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$101,368--$101,368
Depreciation Depletion$94,280--$94,280
Other Salaries and Wages$68,515--$68,515
Occupancy$65,650--$65,650
Fees for Services Management-$61,730-$61,730
Insurance$30,076--$30,076
All Other Expenses$12,591$4,057-$16,648
Other Expenses$12,981$9,150-$9,150
Payroll Taxes$947--$947
Total Functional Expenses$416,983$74,937$0$491,920

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$491,920
Total Expenses per Audited Statements$491,920
Total Expenses per Form 990$491,920
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
Security Deposits$26,517
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 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
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

Form 990 is presented to the board at the board meeting before filing.

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

Burchacon housing, inc. Requires an updated signed conflict of interest from each board member every time it is in receipt of new or renewal funding. This is needed before the new funding is released.

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

No other documents available to the public

Filing and Contact Details

Filer

Filer Name
Burchacon Housing Inc
EIN
14-1632619
Phone
5184835934
Address
337 West Main St, Malone, NY 12953

Signing Officer

Name
Paulette Dear
Title
President
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
1979
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Martindale Keysor & Co PLLC
Address
24 Margaret St Suite 4, Plattsburgh, NY 12901
Preparer
Rick N Martindale
Phone
5185637717
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02121
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03678
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc2RENT
IRS990/ProgramServiceRevenueGrp/Desc3RENTAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11873
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2240863
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3142166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11873
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2240863
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3142166
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0123543
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0110
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0433248
IRS990/PYProgramServiceRevenueAmt0390885
IRS990/PYRevenuesLessExpensesAmt010870
IRS990/PYSalariesCompEmpBnftPaidAmt070420
IRS990/PYTotalExpensesAmt0503668
IRS990/PYTotalRevenueAmt0514538
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt09262
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0213133
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0189299
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0109682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0123543
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0215247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0155689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01354469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01958630
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0235
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0168
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0163
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0764
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01873
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02598
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05336
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03045
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03384
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016236
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99140
IRS990ScheduleA/PublicSupportPY170Pct00.99340
IRS990ScheduleA/PublicSupportTotal170Amt01958630
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0109682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0123543
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0215247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0155689
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01354469
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01958630
IRS990ScheduleA/TotalSupportAmt01975630
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02039428
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01992621
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04032049
IRS990ScheduleD/EquipmentGrp/BookValueAmt0309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04822
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05131
IRS990ScheduleD/ExpensesSubtotalAmt0491920
IRS990ScheduleD/LandGrp/BookValueAmt044079
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt044079
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-2683
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018705
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026517
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0501182
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02081133
IRS990ScheduleD/TotalExpensesPerForm990Amt0491920
IRS990ScheduleD/TotalLiabilityAmt026517
IRS990ScheduleD/TotalRevenuePerForm990Amt0501182
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0501182
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0491920
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD AT THE BOARD MEETING BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BURCHACON HOUSING, INC. REQUIRES AN UPDATED SIGNED CONFLICT OF INTEREST FROM EACH BOARD MEMBER EVERY TIME IT IS IN RECEIPT OF NEW OR RENEWAL FUNDING. THIS IS NEEDED BEFORE THE NEW FUNDING IS RELEASED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02434013
IRS990/TotalAssetsEOYAmt02394882
IRS990/TotalAssetsGrp/BOYAmt02434013
IRS990/TotalAssetsGrp/EOYAmt02394882
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0109682
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074937
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0416983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0491920
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02030684
IRS990/TotalLiabilitiesEOYAmt01982291
IRS990/TotalLiabilitiesGrp/BOYAmt02030684
IRS990/TotalLiabilitiesGrp/EOYAmt01982291
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0403329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0412591
IRS990/TotalProgramServiceExpensesAmt0416983
IRS990/TotalProgramServiceRevenueAmt0391412
IRS990/TotalRevenueGrp/ExclusionAmt088
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0391412
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0501182
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02434013
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02394882
IRS990/TravelGrp/TotalAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$1.82$0.44$0.42$0.46$0.04
2023Summary only. Only limited summary data is available for this year.$2.36$1.88$0.48$0.76$0.65$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$1.92$0.37$0.52$0.56$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.39$1.98$0.41$0.50$0.49$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$2.03$0.40$0.51$0.50$0.01
2019Summary only. Only limited summary data is available for this year.$2.46$2.07$0.39$0.57$0.51$0.05
2018Summary only. Only limited summary data is available for this year.$2.44$2.10$0.34$0.49$0.47$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$2.13$0.32$1.67$0.43$1.24
2016Summary only. Only limited summary data is available for this year.$1.66$2.57$0.91$0.96$0.43$0.53
2015Summary only. Only limited summary data is available for this year.$1.06$2.51$1.44$0.75$0.42$0.33
2014Summary only. Only limited summary data is available for this year.$0.44$2.22$1.77$0.41$0.42$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.48$2.24$1.76$0.41$0.42$0.01
2012Summary only. Only limited summary data is available for this year.$0.50$2.25$1.75$0.41$0.42$0.02
2011Summary only. Only limited summary data is available for this year.$0.54$2.28$1.73$0.41$0.44$0.03