Civic Intelligence

Liberty Properties Inc

990EZ • Fiscal year 2020 • EIN 14-1815093

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 29, 2021

PO Box 311Liberty, NY 12754

(845) 295-2400

Siviq Scores

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

Liabilities / Assets

75th percentile

0.11x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

16.12x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-3388%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

27th percentile

-11%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-97%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$277,990

Down $33,052 (-11%) from 2019

Net Assets

Down

$247,990

Down $63,052 (-20%) from 2019

Liabilities

Up

$30,000

Up $30,000 from 2019

Revenue

Down

$1,861

Down $53,076 (-97%) from 2019

Expenses

Down

$64,913

Down $3,593 (-5.2%) from 2019

Net Income

Down

-$63,052

Down $49,483 (-365%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $422,207Liabilities 2011: $02011Assets 2012: $405,833Liabilities 2012: $02012Assets 2013: $391,009Liabilities 2013: $02013Assets 2014: $377,967Liabilities 2014: $02014Assets 2015: $357,222Liabilities 2015: $0Net Assets 2015: $357,2222015Assets 2016: $354,227Liabilities 2016: $0Net Assets 2016: $354,2272016Assets 2017: $343,977Liabilities 2017: $0Net Assets 2017: $343,9772017Assets 2018: $325,280Liabilities 2018: $669Net Assets 2018: $324,6112018Assets 2019: $311,042Liabilities 2019: $0Net Assets 2019: $311,0422019Assets 2020: $277,990Liabilities 2020: $30,000Net Assets 2020: $247,9902020Assets 2021: $99,687Liabilities 2021: $0Net Assets 2021: $99,6872021Assets 2022: $98,868Liabilities 2022: $0Net Assets 2022: $98,8682022Assets 2023: $98,718Liabilities 2023: $02023Assets 2024: $1,230Liabilities 2024: $0Net Assets 2024: $1,2302024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$277,990
Liabilities$30,000
Net Assets$247,990

Operations Trend

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

$100K$0-$100K-$200KRevenue 2011: $48,287Expenses 2011: $60,098Net Income 2011: -$11,8112011Revenue 2012: $49,588Expenses 2012: $63,633Net Income 2012: -$14,0452012Revenue 2013: $50,629Expenses 2013: $65,453Net Income 2013: -$14,8242013Revenue 2014: $51,388Expenses 2014: $64,430Net Income 2014: -$13,0422014Revenue 2015: $51,777Expenses 2015: $72,522Net Income 2015: -$20,7452015Revenue 2016: $52,150Expenses 2016: $55,145Net Income 2016: -$2,9952016Revenue 2017: $53,249Expenses 2017: $63,499Net Income 2017: -$10,2502017Revenue 2018: $54,080Expenses 2018: $73,446Net Income 2018: -$19,3662018Revenue 2019: $54,937Expenses 2019: $68,506Net Income 2019: -$13,5692019Revenue 2020: $1,861Expenses 2020: $64,913Net Income 2020: -$63,0522020Revenue 2021: -$126,487Expenses 2021: $21,816Net Income 2021: -$148,3032021Revenue 2022: $0Expenses 2022: $819Net Income 2022: -$8192022Revenue 2023: $0Expenses 2023: $150Net Income 2023: -$1502023Revenue 2024: $0Expenses 2024: $97,488Net Income 2024: -$97,4882024Revenue 2025: $0Expenses 2025: $1,230Net Income 2025: -$1,2302025

Highlighted filing

2020

Revenue$1,861
Expenses$64,913
Net Income-$63,052
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$1,861
Mission and Program Overview

Mission

To furnish support to the Sullivan County Board of Cooperative Educational Services, Town of Liberty, Liberty Community Development Corporation, and any other qualified organization in the Greater Hudson Valley designated by the Board of Directors.

Program Services

DescriptionGrantsExpenses
The organization was established to support the Town of Liberty, Liberty Community Development Corporation, and Sullivan County Board of Cooperative Educational Services by providing a below market rental rate for use of the building owned by the organization.$0$48,016
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darlene FedunPresident/Director-$0--
Frank DeMayoVice President/Director-$0--
Joanne McPhillipsSecretary-$0--
Jack StrassmanDirector-$0--
Peter RacetteTreasurer/Director-$0--
Robert M DufourDirector-$0--
Filing and Contact Details

Filer

Filer Name
Liberty Properties Inc
EIN
14-1815093
Phone
8452952400
Address
PO Box 311, Liberty, NY 12754

Signing Officer

Name
Peter Racette
Title
Treasurer
Phone
8452952400
Signed
2021-10-29
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 14

Description: Depreciation. Amount: 13,974. Description: Other Expenses. Amount: 48,016. Total to Form 990-EZ, line 14: 61,990.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Filing Fees. Amount: 100. Description: Licenses & Fees. Amount: 75. Description: Franchise Fees. Amount: 25. Description: Insurance. Amount: 2,687. Description: Bank Service Charges. Amount: 36. Total to Form 990-EZ, line 16: 2,923.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Note Payable. Beg. of Year Amount: 0. End of Year Amount: 30,000.

Raw XML Appendix184 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08452952400
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0One Cablevision Center PO Box 311
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Liberty
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd012754
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Darlene Fedun
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Frank DeMayo
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Joanne McPhillips
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jack Strassman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Peter Racette
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Robert M Dufour
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President/Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President/Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Treasurer/Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02923
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To furnish support to the Sullivan County Board of Cooperative Educational Services, Town of Liberty, Liberty Community Development Corporation, and any other qualified organization in the Greater Hudson Valley designated by the Board of Directors.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organization was established to support the Town of Liberty, Liberty Community Development Corporation, and Sullivan County Board of Cooperative Educational Services by providing a below market rental rate for use of the building owned by the organization.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt048016
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt030000
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt064913
IRS990EZ/TotalProgramServiceExpensesAmt048016
IRS990EZ/TotalRevenueAmt01861
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Bethel Woods Center for the Arts, Inc. is not listed by name in the organization's governing documents. Liberty Properties, Inc.'s governing documents states that support can be given to any entity or organization that: 1) is headquartered, or maintains a physical presence in (for the purpose of benefiting), the area of the State of New York commonly known as the Greater Hudson Valley, which shall specifically include, without limitation, Sullivan County and Orange County, New York; 2) is a Qualified Organization; 3) is operated, supervised, or controlled by (within the meaning of Treasury Regs Section 1.509(a)-4(d)(2)) the Board of Directors hereinafter described; and 4) is designated by such Board of Directors as meeting the qualifications of this paragraph and as being an appropriate member of the class of organizations to be supported and assisted by the Corporation. Bethel Woods Center for the Arts, Inc. meets the requirements of this designation and is therefore qualified to receive support from Liberty Properties, Inc.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Each supported organization of Liberty Properties, Inc. is represented on its Board of Directors to ensure that Liberty Properties is responsive to the needs and requirements of each supported organization. According to Liberty Properties, Inc.'s Certificate of Incorporation, the Board of Directors shall at all times consist of those individuals who shall from time to time hold the following offices of the supporting organizations: Supervisor of the Town of Liberty Direct Superintendent of the Sullivan County BOCES President of the Liberty Community Development Corporation
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section C, Line 1
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt04
IRS990ScheduleA/SupportedOrganizationsTotalCnt04
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd30
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd26
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Sullivan County BOCES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Liberty Community Development Corp
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Town of Liberty
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3Bethel Woods Center for the Arts Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Depreciation. Amount: 13,974. Description: Other Expenses. Amount: 48,016. Total to Form 990-EZ, line 14: 61,990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Filing Fees. Amount: 100. Description: Licenses & Fees. Amount: 75. Description: Franchise Fees. Amount: 25. Description: Insurance. Amount: 2,687. Description: Bank Service Charges. Amount: 36. Total to Form 990-EZ, line 16: 2,923.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Note Payable. Beg. of Year Amount: 0. End of Year Amount: 30,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Peter Racette
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08452952400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Liberty Properties Inc
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0141815093
ReturnHeader/Filer/PhoneNum08452952400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 311
ReturnHeader/Filer/USAddress/CityNm0Liberty
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012754
ReturnHeader/ReturnTs02021-10-29T12:18:17-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Peter
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Racette
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.97$0.97
2023Summary only. Only limited summary data is available for this year.$0.99$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.26$0.22$1.48
2020Detailed filing. Detailed filing data is available for this year.$2.78$0.30$2.48$0.02$0.65$0.63
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$0.00$3.11$0.55$0.69$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.01$3.25$0.54$0.73$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.44$0.00$3.44$0.53$0.63$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$0.00$3.54$0.52$0.55$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.57$0.00$3.57$0.52$0.73$0.21
2014Summary only. Only limited summary data is available for this year.$3.78$0.00$0.51$0.64$0.13
2013Summary only. Only limited summary data is available for this year.$3.91$0.00$0.51$0.65$0.15
2012Summary only. Only limited summary data is available for this year.$4.06$0.00$0.50$0.64$0.14
2011Summary only. Only limited summary data is available for this year.$4.22$0.00$0.48$0.60$0.12