Civic Intelligence

Empire Commons Student Housing Inc.

990 • Fiscal year 2014 • EIN 14-1832659

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

Organization ProfileN/A
1400 Washington Ave12222

(518) 956-7064

Siviq Scores

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

Liabilities / Assets

95th percentile

0.97x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

4.26x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

78th percentile

$616,060

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

15th percentile

-0.9%

Faster asset growth than 15% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

1.9%

Faster revenue growth than 40% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$54,662,412

Down $497,606 (-0.9%) from 2013

Net Assets

Up

$1,607,636

Up $1,597,297 (+15449%) from 2013

Liabilities

Down

$53,054,776

Down $2,094,903 (-3.8%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin70th percentile

Revenue

Up

$12,449,209

Up $232,714 (+1.9%) from 2013

Expenses

Up

$10,851,912

Up $920,438 (+9.3%) from 2013

Net Income

Down

$1,597,297

Down $687,724 (-30%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $55,276,948Liabilities 2011: $58,557,167Net Assets 2011: -$3,280,2192011Assets 2012: $54,643,351Liabilities 2012: $56,918,033Net Assets 2012: -$2,274,6822012Assets 2013: $55,160,018Liabilities 2013: $55,149,679Net Assets 2013: $10,3392013Assets 2014: $54,662,412Liabilities 2014: $53,054,776Net Assets 2014: $1,607,6362014Assets 2015: $54,467,909Liabilities 2015: $51,143,573Net Assets 2015: $3,324,3362015Assets 2016: $54,753,311Liabilities 2016: $49,281,759Net Assets 2016: $5,471,5522016Assets 2017: $50,651,888Liabilities 2017: $44,080,428Net Assets 2017: $6,571,4602017Assets 2018: $51,164,439Liabilities 2018: $42,068,590Net Assets 2018: $9,095,8492018Assets 2019: $52,801,983Liabilities 2019: $39,642,391Net Assets 2019: $13,159,5922019Assets 2020: $49,758,789Liabilities 2020: $36,347,935Net Assets 2020: $13,410,8542020Assets 2021: $46,326,558Liabilities 2021: $34,557,390Net Assets 2021: $11,769,1682021Assets 2022: $47,889,992Liabilities 2022: $32,416,267Net Assets 2022: $15,473,7252022Assets 2023: $48,469,411Liabilities 2023: $28,945,449Net Assets 2023: $19,523,9622023Assets 2024: $53,850,574Liabilities 2024: $29,698,969Net Assets 2024: $24,151,6052024Assets 2025: $53,381,435Liabilities 2025: $24,964,369Net Assets 2025: $28,417,0662025

Highlighted filing

2014

Assets$54,662,412
Liabilities$53,054,776
Net Assets$1,607,636
Open 2014 Filing

Operations Trend

Revenue Growth40th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $12,070,182Expenses 2011: $10,015,204Net Income 2011: $2,054,9782011Expenses 2012: $11,071,5892012Revenue 2013: $12,216,495Expenses 2013: $9,931,474Net Income 2013: $2,285,0212013Revenue 2014: $12,449,209Expenses 2014: $10,851,912Net Income 2014: $1,597,2972014Revenue 2015: $12,642,608Expenses 2015: $10,925,908Net Income 2015: $1,716,7002015Revenue 2016: $13,128,888Expenses 2016: $10,981,672Net Income 2016: $2,147,2162016Revenue 2017: $13,653,115Expenses 2017: $12,553,207Net Income 2017: $1,099,9082017Revenue 2018: $14,266,627Expenses 2018: $11,742,238Net Income 2018: $2,524,3892018Revenue 2019: $15,042,928Expenses 2019: $10,979,185Net Income 2019: $4,063,7432019Revenue 2020: $15,431,793Expenses 2020: $15,180,531Net Income 2020: $251,2622020Revenue 2021: $10,543,506Expenses 2021: $12,185,192Net Income 2021: -$1,641,6862021Revenue 2022: $16,000,956Expenses 2022: $12,296,399Net Income 2022: $3,704,5572022Revenue 2023: $16,481,159Expenses 2023: $12,430,922Net Income 2023: $4,050,2372023Revenue 2024: $17,376,400Expenses 2024: $12,748,757Net Income 2024: $4,627,6432024Revenue 2025: $17,352,513Expenses 2025: $13,087,052Net Income 2025: $4,265,4612025

Highlighted filing

2014

Revenue$12,449,209
Expenses$10,851,912
Net Income$1,597,297
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$12,449,209
Mission and Program Overview

Mission

TO CONSTRUCT AND OPERATE

To construct and operate dormitory facilities to be occupied by students attending the state university of new york at albany.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,903,578$32,830,633▼ $1,072,945
Savings and Temporary Cash Investments$13,511,981$16,637,565▲ $3,125,584
Intangible Assets$2,567,605$2,435,933▼ $131,672
Cash and Non-Interest-Bearing Accounts$4,765,447$2,340,258▼ $2,425,189
Accounts Receivable$411,407$418,023▲ $6,616
Total Assets$55,160,018$54,662,412▼ $497,606
Liabilities
Tax Exempt Bond Liabilities$48,567,639$46,825,685▼ $1,741,954
Mortgage Notes Payable Secured by Investment Property$4,899,781$4,760,957▼ $138,824
Accounts Payable and Accrued Expenses$1,682,259$1,468,134▼ $214,125
Total Liabilities$55,149,679$53,054,776▼ $2,094,903
Net Assets / Fund Balance
Unrestricted Net Assets$10,339$1,607,636▲ $1,597,297
Total Net Assets Fund Balance$10,339$1,607,636▲ $1,597,297
Total Liabilities and Net Assets / Fund Balance$55,160,018$54,662,412▼ $497,606

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,448,603$19,492,887$50,941,490
Equipment$1,382,030$3,076,443$4,458,473
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Dr Robert JonesBoard Member$616,060$616,060
Christine BouchardExecutive Director$312,117$312,117

Board Members and Trustees

NameTitle
Morris MassryPresident
Peter CosgroveVice President
Michael BossertBoard Member
Christine Bouchard-
Dr Robert Jones-
Harold HansonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
University at AlbanyManagement Services-$2,494,497
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,447,634
Investment Income
$1,397
Other Revenue
$178
Change in Net Assets
$1,597,297

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,449,209
Total Revenue per Audited Statements
$12,449,209
Total Revenue per Form 990
$12,449,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,851,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,561,143$0$0$2,561,143
Depreciation Depletion$2,114,222$0$0$2,114,222
Occupancy$714,293$0$0$714,293
Insurance$217,912$0$0$217,912
Fees for Service Investment Mgmnt Fees$17,800$0$0$17,800
Fees for Services Accounting$0$15,000$0$15,000
Office Expenses$12,654$0$0$12,654
Conferences and Meetings$1,174$0$0$1,174
Other Expenses$210$0$0$210
Total Functional Expenses$10,806,912$45,000$0$10,851,912

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,851,912
Total Expenses per Audited Statements$10,851,912
Total Expenses per Form 990$10,851,912
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
D52-20157502009-09-09$16,521,326Refund a prior issue
C52-20157502009-09-09$12,985,285Refund a prior issue
B52-20157502009-09-09$12,866,866Refund a prior issue
A52-20157502009-09-09$12,678,942Refund a prior issue
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 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
Filing and Contact Details

Filer

EIN
14-1832659
Phone
5189567064

Signing Officer

Name
Kevin Wilcox
Title
Controller
Phone
5189567064
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Preparer
Kenneth B Claflin CPA
Phone
5187863550
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Board president, morris massry,is a partner of massry”

Pt VI, Line 2

“Realty partners. Board member michael bossert is”

Pt VI, Line 2

“Employed by massry realty partners.”

Pt VI, Line 2

“Vice president peter cosgrove is an employee of”

Pt VI, Line 2

“First niagara financial group. Inc.”

Pt VI, Line 6

“The corporation has one member; the president of the”

Pt VI, Line 6

“State university of new york. This member appoints”

Pt VI, Line 6

“All board members but has no control over board actions.”

Pt VI, Line 12C

“Board members are given a questionnaire regarding”

Pt VI, Line 12C

“Potential conflicts of interest annually.”

Pt VI, Line 15A

“The corporation has no employees and therefore has”

Pt VI, Line 15A

“NO COMPENSATION PROCESS.”

Pt VI, Line 15B

“The corporation has no employees and therefore has”

Pt VI, Line 15B

“NO COMPENSATION PROCESS.”

Pt VI, Line 19

“All governing documents, policies and financial”

Pt VI, Line 19

“Statements are available to the public upon request.”

Pt VI, Line 7A

“University at albany, state university of new york”

Pt VI, Line 7A

“Appoints all board members but has no control over”

Pt VI, Line 7A

“BOARD ACTIONS.”

Pt VI, Line 11B

“The corporation's completed form 990 is distributed”

Pt VI, Line 11B

“To the board members prior to being filed with the”

Pt VI, Line 11B

“Irs.the form 990 is prepared by the independent”

Pt VI, Line 11B

“Auditor and reviewed by the accounting manager”

Pt VI, Line 11B

“And controller prior to distribution to the board”

Pt VI, Line 11B

“MEMBERS.”

Raw XML AppendixShowing 400 of 524 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/OtherExpensesGrp/TotalAmt11958995
IRS990/OtherExpensesGrp/TotalAmt2148265
IRS990/OtherExpensesGrp/TotalAmt3210
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0178
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0178
IRS990/OtherRevenueTotalAmt0178
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessAddress/BusinessNameLine10KEVIN WILCOX
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012447634
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02120
IRS990/PYOtherExpensesAmt09931474
IRS990/PYOtherRevenueAmt0141
IRS990/PYProgramServiceRevenueAmt012214234
IRS990/PYRevenuesLessExpensesAmt02285021
IRS990/PYTotalExpensesAmt09931474
IRS990/PYTotalRevenueAmt012216495
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01597297
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012447812
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013511981
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016637565
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0147400260
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc05
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01958995
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10University at Albany
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd0true
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01958995
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt031448603
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019492887
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt050941490
IRS990ScheduleD/EquipmentGrp/BookValueAmt01382030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03076443
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04458473
IRS990ScheduleD/ExpensesSubtotalAmt010851912
IRS990ScheduleD/RevenueSubtotalAmt012449209
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032830633
IRS990ScheduleD/TotalExpensesPerForm990Amt010851912
IRS990ScheduleD/TotalRevenuePerForm990Amt012449209
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012449209
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010851912
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0216117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1360317
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt033693
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt166503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt062307
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt1122982
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt066258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTINE BOUCHARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DR ROBERT JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0312117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1616060
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02009-09-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12009-09-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22009-09-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt32009-09-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0522015750
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1522015750
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN2522015750
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN3522015750
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0012440MS9
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum101244ONK5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum201244OPC1
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt012678942
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt112866866
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt212985285
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt316521326
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine10City of Albany Ind Dev Agency
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine11City of Albany Ind Dev Agency
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine12City of Albany Ind Dev Agency
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine13City of Albany Ind Dev Agency
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refund a prior issue
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1Refund a prior issue
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc2Refund a prior issue
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc3Refund a prior issue
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD PRESIDENT, MORRIS MASSRY,IS A PARTNER OF MASSRY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REALTY PARTNERS. BOARD MEMBER MICHAEL BOSSERT IS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYED BY MASSRY REALTY PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VICE PRESIDENT PETER COSGROVE IS AN EMPLOYEE OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FIRST NIAGARA FINANCIAL GROUP. INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION HAS ONE MEMBER; THE PRESIDENT OF THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STATE UNIVERSITY OF NEW YORK. THIS MEMBER APPOINTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL BOARD MEMBERS BUT HAS NO CONTROL OVER BOARD ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOARD MEMBERS ARE GIVEN A QUESTIONNAIRE REGARDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9POTENTIAL CONFLICTS OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE CORPORATION HAS NO EMPLOYEES AND THEREFORE HAS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11NO COMPENSATION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12THE CORPORATION HAS NO EMPLOYEES AND THEREFORE HAS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13NO COMPENSATION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16UNIVERSITY AT ALBANY, STATE UNIVERSITY OF NEW YORK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17APPOINTS ALL BOARD MEMBERS BUT HAS NO CONTROL OVER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18BOARD ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19THE CORPORATION'S COMPLETED FORM 990 IS DISTRIBUTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20TO THE BOARD MEMBERS PRIOR TO BEING FILED WITH THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21IRS.THE FORM 990 IS PREPARED BY THE INDEPENDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22AUDITOR AND REVIEWED BY THE ACCOUNTING MANAGER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23AND CONTROLLER PRIOR TO DISTRIBUTION TO THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Pt VI, Line 11b

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,662,412
Liabilities
$53,054,776
Net assets
$1,607,636
Revenue
$12,449,209
Expenses
$10,851,912
Net income
$1,597,297
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$53.4$25.0$28.4$17.4$13.1$4.27
2024Detailed filing. Detailed filing data is available for this year.$53.9$29.7$24.2$17.4$12.7$4.63
2023Detailed filing. Detailed filing data is available for this year.$48.5$28.9$19.5$16.5$12.4$4.05
2022Detailed filing. Detailed filing data is available for this year.$47.9$32.4$15.5$16.0$12.3$3.70
2021Detailed filing. Detailed filing data is available for this year.$46.3$34.6$11.8$10.5$12.2$1.64
2020Detailed filing. Detailed filing data is available for this year.$49.8$36.3$13.4$15.4$15.2$0.25
2019Detailed filing. Detailed filing data is available for this year.$52.8$39.6$13.2$15.0$11.0$4.06
2018Detailed filing. Detailed filing data is available for this year.$51.2$42.1$9.10$14.3$11.7$2.52
2017Detailed filing. Detailed filing data is available for this year.$50.7$44.1$6.57$13.7$12.6$1.10
2016Detailed filing. Detailed filing data is available for this year.$54.8$49.3$5.47$13.1$11.0$2.15
2015Detailed filing. Detailed filing data is available for this year.$54.5$51.1$3.32$12.6$10.9$1.72
2014Detailed filing. Detailed filing data is available for this year.$54.7$53.1$1.61$12.4$10.9$1.60
2013Summary only. Only limited summary data is available for this year.$55.2$55.1$0.01$12.2$9.93$2.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.6$56.9$2.27$11.1
2011Summary only. Only limited summary data is available for this year.$55.3$58.6$3.28$12.1$10.0$2.05