Civic Intelligence

Central District Management Association Inc

990 • Fiscal year 2021 • EIN 14-1803886

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

Organization ProfileWWW.CENTRALBID.COM

View Organization Page

279 Central AvenueAlbany, NY 12206

(518) 462-4300

Siviq Scores

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

Liabilities / Assets

81st percentile

0.54x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

2.36x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

41st percentile

6.1%

Higher net margin than 41% of similar nonprofits.

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

Top Officer Pay

49th percentile

$92,086

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

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

Asset Growth

10th percentile

-11%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

26th percentile

-4.0%

Faster revenue growth than 26% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$3,273,033

Down $406,594 (-11%) from 2020

Net Assets

Down

$1,510,050

Down $263,507 (-15%) from 2020

Liabilities

Down

$1,762,983

Down $143,087 (-7.5%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin41st percentile

Revenue

Down

$747,035

Down $30,786 (-4.0%) from 2020

Expenses

Down

$701,431

Down $18,074 (-2.5%) from 2020

Net Income

Down

$45,604

Down $12,712 (-22%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $550,571Liabilities 2011: $190,512Net Assets 2011: $360,0592011Assets 2012: $405,843Liabilities 2012: $190,065Net Assets 2012: $215,7782012Assets 2013: $376,736Liabilities 2013: $163,195Net Assets 2013: $213,5412013Assets 2014: $340,519Liabilities 2014: $159,674Net Assets 2014: $180,8452014Assets 2015: $352,586Liabilities 2015: $178,738Net Assets 2015: $173,8482015Assets 2016: $376,334Liabilities 2016: $213,172Net Assets 2016: $163,1622016Assets 2017: $838,319Liabilities 2017: $396,856Net Assets 2017: $441,4632017Assets 2018: $1,212,761Liabilities 2018: $326,259Net Assets 2018: $886,5022018Assets 2019: $3,578,643Liabilities 2019: $1,863,402Net Assets 2019: $1,715,2412019Assets 2020: $3,679,627Liabilities 2020: $1,906,070Net Assets 2020: $1,773,5572020Assets 2021: $3,273,033Liabilities 2021: $1,762,983Net Assets 2021: $1,510,0502021Assets 2022: $3,183,103Liabilities 2022: $1,779,102Net Assets 2022: $1,404,0012022Assets 2023: $3,198,160Liabilities 2023: $1,722,319Net Assets 2023: $1,475,8412023Assets 2024: $3,021,915Liabilities 2024: $1,768,189Net Assets 2024: $1,253,7262024

Highlighted filing

2021

Assets$3,273,033
Liabilities$1,762,983
Net Assets$1,510,050
Open 2021 Filing

Operations Trend

Revenue Growth26th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $713,6902011Expenses 2012: $673,5052012Revenue 2013: $607,310Expenses 2013: $609,547Net Income 2013: -$2,2372013Revenue 2014: $594,807Expenses 2014: $627,503Net Income 2014: -$32,6962014Revenue 2015: $604,095Expenses 2015: $611,092Net Income 2015: -$6,9972015Revenue 2016: $567,187Expenses 2016: $577,873Net Income 2016: -$10,6862016Revenue 2017: $721,544Expenses 2017: $469,658Net Income 2017: $251,8862017Revenue 2018: $908,989Expenses 2018: $463,950Net Income 2018: $445,0392018Revenue 2019: $1,415,934Expenses 2019: $587,195Net Income 2019: $828,7392019Revenue 2020: $777,821Expenses 2020: $719,505Net Income 2020: $58,3162020Revenue 2021: $747,035Expenses 2021: $701,431Net Income 2021: $45,6042021Revenue 2022: $713,635Expenses 2022: $819,688Net Income 2022: -$106,0532022Revenue 2023: $1,262,384Expenses 2023: $1,190,545Net Income 2023: $71,8392023Revenue 2024: $956,794Expenses 2024: $1,178,909Net Income 2024: -$222,1152024

Highlighted filing

2021

Revenue$747,035
Expenses$701,431
Net Income$45,604
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$747,035
Mission and Program Overview

Mission

Restore viability of central avenue business district

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,736,268$2,645,468▼ $90,800
Cash and Non-Interest-Bearing Accounts$129,568$514,680▲ $385,112
Pledges and Grants Receivable$461,025$100,284▼ $360,741
Accounts Receivable$334,900$11,468▼ $323,432
Prepaid Expenses and Deferred Charges$17,866$1,133▼ $16,733
Total Assets$3,679,627$3,273,033▼ $406,594
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,809,999$1,715,936▼ $94,063
Accounts Payable and Accrued Expenses$74,187$34,424▼ $39,763
Other Liabilities$21,884$12,623▼ $9,261
Total Liabilities$1,906,070$1,762,983▼ $143,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,587,397$1,443,144▼ $144,253
Net Assets With Donor Restrictions$186,160$66,906▼ $119,254
Total Net Assets Fund Balance$1,773,557$1,510,050▼ $263,507
Total Liabilities and Net Assets / Fund Balance$3,679,627$3,273,033▼ $406,594

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,572,166$235,581$2,807,747
Other Land Buildings$73,302$18,117$91,419
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anthony CapeceExecutive DirectorFT$92,086$92,086

Board Members and Trustees

NameTitle
David ParenteChairperson
Ken MortensenVice President
Carm BasileDirector
Darius ShahinfarDirector
Dr Alan ChartockDirector
HON MICHAEL O'BRIENDirector
Hon Kathy SheehanDirector
Jeff MirelDirector
John VeroDirector
Sarah ReginelliDirector
Wonhyung LeeDirector
Elliot RosenSecretary
Daniel SandersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$738,852
Program Service Revenue
$0
Investment Income
$1,531
Other Revenue
$6,652
Change in Net Assets
$45,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$413,443
Salaries, Compensation, and Employee Benefits$281,609
Grants and Similar Amounts Paid$6,379
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,258$13,638-$130,896
Interest$70,231$23,412-$93,643
Current Officers, Directors, Trustees, and Key Employees$69,065$23,021-$92,086
Depreciation Depletion$68,990$22,996-$91,986
Insurance$33,358$11,119-$44,477
Other Employee Benefits$31,241$10,414-$41,655
Office Expenses-$25,759-$25,759
Fees for Services Accounting-$20,097-$20,097
Payroll Taxes$14,177$2,795-$16,972
Fees for Services Other-$12,901-$12,901
All Other Expenses-$9,357-$9,357
Information Technology-$7,183-$7,183
Fees for Services Legal-$7,158-$7,158
Grants to Domestic Orgs$6,379--$6,379
Other Expenses$5,425$6,163-$5,425
Advertising-$2,880-$2,880
Fees for Services Management-$1,466-$1,466
Travel-$1,269-$1,269
Total Functional Expenses$490,228$211,203$0$701,431
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$12,623
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 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
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 A, Line 6

“The association has three voting classes of general membership. Class a are owners of real property in the district as registerd with the city of albany to receive real property tax bills. Class b are tenants who are occupants pursuant to leases of commercial space within the district. Class c are persons by virtue of their appointment as municipal representatives and any designees of these appointments must be employees or owners of the related member tenancy they represent.”

Form 990, Part VI, Section A, Line 7A

“Class c members have the ability to appoint a designee to serve.”

Form 990, Part VI, Section B, Line 11B

“The association provides a complete copy of the form 990 to all members of its governing body for review on an annual basis before filing the form.”

Form 990, Part VI, Section B, Line 12C

“The association provides the board with the conflict of interest policy on an annual basis.”

Form 990, Part VI, Section B, Line 15A

“Compensation is reviewed and approved by the board”

Form 990, Part VI, Section C, Line 19

“The association makes its governing documents and financial statements available to the public upon request and on its website.”

Filing and Contact Details

Filer

Filer Name
Central District Management Association
EIN
14-1803886
Phone
5184624300
Address
279 CENTRAL AVENUE, ALBANY, NY 12206

Signing Officer

Name
Anthony Capece
Title
Executive Director
Phone
5184624300
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Capece
Formed
1998
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
0

Preparer

Firm
Uhy Advisors Ny Inc
Address
ONE HUDSON CITY CENTRE SUITE 204, HUDSON, NY 12534
Preparer
N Therese Wolfe
Phone
5188281565
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Question 2C

“The organization has an audit committee comprised of all members of the board who are responsible for the oversight of the audit and selection of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The organization has evaluated uncertain tax positions and related income tax contingencies and determined uncertain positions, if any, are not material to the financial statements, according to fasb asc 740-10. Penalties and interest assessed by income taxing authorities are included in operating expenses, if incurred. None of the organization's returns are currently under examination.”

Raw XML AppendixShowing 400 of 483 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
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IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0253698
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02736268
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02645468
IRS990/LandBldgEquipCostOrOtherBssAmt02899166
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RESTORE VIABILITY OF CENTRAL AVENUE BUSINESS DISTRICT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01809999
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01715936
IRS990/NetAssetsOrFundBalancesBOYAmt01773557
IRS990/NetAssetsOrFundBalancesEOYAmt01510050
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01400
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01587397
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01443144
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025759
IRS990/OfficeExpensesGrp/TotalAmt025759
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010414
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031241
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041655
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FLOWER PROGRAM
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3BANNER PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09575
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16163
IRS990/OtherExpensesGrp/ProgramServicesAmt028720
IRS990/OtherExpensesGrp/ProgramServicesAmt126895
IRS990/OtherExpensesGrp/ProgramServicesAmt218489
IRS990/OtherExpensesGrp/ProgramServicesAmt35425
IRS990/OtherExpensesGrp/TotalAmt038295
IRS990/OtherExpensesGrp/TotalAmt126895
IRS990/OtherExpensesGrp/TotalAmt224652
IRS990/OtherExpensesGrp/TotalAmt35425
IRS990/OtherLiabilitiesGrp/BOYAmt021884
IRS990/OtherLiabilitiesGrp/EOYAmt012623
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06652
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06652
IRS990/OtherRevenueTotalAmt06652
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013638
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0117258
IRS990/OtherSalariesAndWagesGrp/TotalAmt0130896
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02795
IRS990/PayrollTaxesGrp/ProgramServicesAmt014177
IRS990/PayrollTaxesGrp/TotalAmt016972
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0461025
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100284
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017866
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01133
IRS990/PrincipalOfficerNm0ANTHONY CAPECE
IRS990/PriorPeriodAdjustmentsAmt0-309111
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CORRIDOR DEVELOPMENT - THIS PROGRAM INCLUDES THE WORK DONE BY THE ASSOCIATION'S STAFF TO RECRUIT AND ASSIST IN THE ECONOMIC DEVELOPMENT OF THE BUSINESS IMPROVEMENT DISTRICT (BID). ACTIVITIES OF THIS PROGRAM INCLUDE BUT ARE NOT LIMITED TO INTERACTING WITH PROPERTY OWNERS ON REAL ESTATE AND NEW BUSINESS DEVELOPMENT, RESPONDING TO REQUESTS FOR AVAILABLE PROPERTIES, PLANNING AND DEVELOPMENT WITH A COMMUNITY PARTNER AND DEVELOPING STRATEGIC PARTNERS TO BRING NEEDED RESOURCES AND EFFORTS TO THE BID AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0186458
IRS990/ProgSrvcAccomActy2Grp/GrantAmt06379
IRS990/ProgSrvcAccomActy3Grp/Desc0STEAM GARDEN - THIS PROGRAM ENCOMPASSES THE DEVELOPMENT AND OPERATION OF THE 279 CENTRAL AVENUE PROPERTY. ACTIVITIES INCLUDE PRIMARILY THE SUPERVISION OF THE CONSTRUCTION AND FUTURE PROGRAM PLANNING OF THE BUILDING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt073878
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MARKETING/PROMOTION - THIS PROGRAM IS RESPONSIBLE FOR BANNERS, MURALS, AND PUBLIC ART, EVENTS, PROMOTION OF THE AREA AND AN ECONOMIC OPPURTUNITY, PARTNERSHIPS WITH REGIONAL AND OTHER SIMILAR ECONOMIC DEVELOPMENT PROGRAMS, ETC.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt073879
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0776808
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt028840
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0415771
IRS990/PYOtherRevenueAmt01001
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt058316
IRS990/PYSalariesCompEmpBnftPaidAmt0274894
IRS990/PYTotalExpensesAmt0719505
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0777821
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt045604
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0738852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0776808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01422168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0893735
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0725300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04556863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0229
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06652
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01001
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01901
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06554
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016108
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99640
IRS990ScheduleA/PublicSupportPY170Pct00.99670
IRS990ScheduleA/PublicSupportTotal170Amt04556863
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0738852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0776808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01422168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0893735
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0725300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04556863
IRS990ScheduleA/TotalSupportAmt04573200
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02572166
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0235581
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02807747
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt073302
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018117
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt091419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED UNCERTAIN TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES AND DETERMINED UNCERTAIN POSITIONS, IF ANY, ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS, ACCORDING TO FASB ASC 740-10. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN OPERATING EXPENSES, IF INCURRED. NONE OF THE ORGANIZATION'S RETURNS ARE CURRENTLY UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02645468
IRS990ScheduleD/TotalLiabilityAmt012623
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS THREE VOTING CLASSES OF GENERAL MEMBERSHIP. CLASS A ARE OWNERS OF REAL PROPERTY IN THE DISTRICT AS REGISTERD WITH THE CITY OF ALBANY TO RECEIVE REAL PROPERTY TAX BILLS. CLASS B ARE TENANTS WHO ARE OCCUPANTS PURSUANT TO LEASES OF COMMERCIAL SPACE WITHIN THE DISTRICT. CLASS C ARE PERSONS BY VIRTUE OF THEIR APPOINTMENT AS MUNICIPAL REPRESENTATIVES AND ANY DESIGNEES OF THESE APPOINTMENTS MUST BE EMPLOYEES OR OWNERS OF THE RELATED MEMBER TENANCY THEY REPRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASS C MEMBERS HAVE THE ABILITY TO APPOINT A DESIGNEE TO SERVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW ON AN ANNUAL BASIS BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION PROVIDES THE BOARD WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS AN AUDIT COMMITTEE COMPRISED OF ALL MEMBERS OF THE BOARD WHO ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, QUESTION 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,273,033
Liabilities
$1,762,983
Net assets
$1,510,050
Revenue
$747,035
Expenses
$701,431
Net income
$45,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.02$1.77$1.25$0.96$1.18$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.20$1.72$1.48$1.26$1.19$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.18$1.78$1.40$0.71$0.82$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.27$1.76$1.51$0.75$0.70$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.68$1.91$1.77$0.78$0.72$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.58$1.86$1.72$1.42$0.59$0.83
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.33$0.89$0.91$0.46$0.45
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.40$0.44$0.72$0.47$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.21$0.16$0.57$0.58$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.18$0.17$0.60$0.61$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.16$0.18$0.59$0.63$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.38$0.16$0.21$0.61$0.61$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.19$0.22$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.19$0.36$0.71