Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
63rd percentile
Higher net margin than 63% of similar nonprofits.
Top Officer Pay
57th percentile
Higher top officer pay than 57% of similar nonprofits.
Top officer pay equals 2.8% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Assets
Down$50,651,888
Down $4,101,423 (-7.5%) from 2016
Net Assets
Up$6,571,460
Up $1,099,908 (+20%) from 2016
Liabilities
Down$44,080,428
Down $5,201,331 (-11%) from 2016
Revenue
Up$13,653,115
Up $524,227 (+4.0%) from 2016
Expenses
Up$12,553,207
Up $1,571,535 (+14%) from 2016
Net Income
Down$1,099,908
Down $1,047,308 (-49%) from 2016
TO CONSTRUCT AND OPERATE
To construct and operate dormitory facilities to be occupied by students attending the state university of new york at albany.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $30,125,707 | $30,028,389 | ▼ $97,318 |
| Savings and Temporary Cash Investments | $21,975,761 | $19,451,061 | ▼ $2,524,700 |
| Intangible Assets | $2,172,589 | $608,747 | ▼ $1,563,842 |
| Accounts Receivable | $429,083 | $512,361 | ▲ $83,278 |
| Cash and Non-Interest-Bearing Accounts | $50,171 | $51,330 | ▲ $1,159 |
| Total Assets | $54,753,311 | $50,651,888 | ▼ $4,101,423 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $43,112,181 | $40,485,106 | ▼ $2,627,075 |
| Accounts Payable and Accrued Expenses | $1,713,641 | $2,338,886 | ▲ $625,245 |
| Mortgage Notes Payable Secured by Investment Property | $4,455,937 | $1,256,436 | ▼ $3,199,501 |
| Total Liabilities | $49,281,759 | $44,080,428 | ▼ $5,201,331 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,471,552 | $6,571,460 | ▲ $1,099,908 |
| Total Net Assets Fund Balance | $5,471,552 | $6,571,460 | ▲ $1,099,908 |
| Total Liabilities and Net Assets / Fund Balance | $54,753,311 | $50,651,888 | ▼ $4,101,423 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $27,047,074 | $25,006,886 | $52,053,960 |
| Equipment | $2,981,315 | $2,170,067 | $5,151,382 |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Leanne Wirkkula | Vice President | - | $388,390 | $388,390 |
| Michael Christakis | Associate Executive Director | - | $290,776 | $290,776 |
| Kevin Wilcox | Executive Director | PT | $252,317 | $252,317 |
| Name | Title |
|---|---|
| Peter Cosgrove | President |
| Kevin Wilcox | - |
| Leanne Wirkkula | - |
| Michael Christakis | - |
| Michael Bossert | Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| University At Albany | Management Services | 1400 WASHINGTON AVE, Albany, NY 12222 | $3,362,736 |
| Line Item | Amount |
|---|---|
| Other Expenses | $12,553,207 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $2,348,708 | $0 | $0 | $2,348,708 |
| All Other Expenses | $1,987,930 | $0 | $0 | $1,987,930 |
| Interest | $1,738,011 | $0 | $0 | $1,738,011 |
| Occupancy | $489,136 | $0 | $0 | $489,136 |
| Insurance | $220,838 | $0 | $0 | $220,838 |
| Office Expenses | $20,326 | $0 | $0 | $20,326 |
| Fees for Services Accounting | $0 | $15,700 | $0 | $15,700 |
| Fees for Service Investment Mgmnt Fees | $5,800 | $0 | $0 | $5,800 |
| Fees for Services Legal | $1,173 | $0 | $0 | $1,173 |
| Other Expenses | $255 | $0 | $0 | $255 |
| Total Functional Expenses | $12,507,507 | $45,700 | $0 | $12,553,207 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $12,553,207 |
| Total Expenses per Audited Statements | $12,553,207 |
| Total Expenses per Form 990 | $12,553,207 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | City of Albany Capital Resource Corporation | 2016-09-22 | $44,712,835 | Refund of a prior issue |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $44,712,835 | - | $2,445,000 | $572,817 |
“President peter cosgrove is senior vice president , regional sales executive of key bank (fomerly first niagara financial group. Inc.)”
“The corporation has one member; the president or interim president of the university at albany, state university of new york. This member appoints all board members but has no control over board actions.”
“University at albany, state university of new york appoints all board members but has no control over board actions.”
“The corporation's completed form 990 is distributed to members prior to being filed with the irs. The form 990 is prepared by the independent auditor and reviwed by the controller, accounting manager and executive director prior to distribution to board members.”
“Board members are given a questionnaire regarding potential conflicts of interest annually.”
“The corporation has no employees and therefore has no compensation process.”
“All governing documents, policies and financial statements are available to the public upon request.”
“Loss on Bond Refinancing 1987930. 1987930. 0. 0.”
“The asc requires entities to disclose in their financial statements the nature of any uncertainty in their tax position. The corporation has not recognized any benefits or liabilities from uncertain tax positions that will significantly increase or decrease net assets. Generally, federal and state authorities may examine the corporation's tax returns for three years from the date of filing; consequently, income tax returns for the years prior to 2014 are no longer subject to examination by tax authorities.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1713641 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2338886 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 429083 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 512361 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO CONSTRUCT AND OPERATE DORMITORY FACILITIES TO BE OCCUPIED BY STUDENTS ATTENDING THE STATE UNIVERSITY OF NEW YORK AT ALBANY. |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 1987930 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 1987930 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KEVIN WILCOX |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5189568120 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1400 WASHINGTON AVE UNH212 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Albany |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 12222 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 50171 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 51330 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 3362736 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 1400 WASHINGTON AVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | ALBANY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 12222 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | UNIVERSITY AT ALBANY |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MANAGEMENT SERVICES |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 11335 |
| IRS990/CYOtherExpensesAmt | 0 | 12553207 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 13641780 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1099908 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 12553207 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 13653115 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 2348708 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2348708 |
| IRS990/Desc | 0 | OPERATION OF EMPIRE COMMONS HOUSING AND RELATED SERVICES AND SUPPORT FOR THE BENEFIT OF STUDENTS AT THE UNIVERITY AT ALBANY, STATE UNIVERSITY OF NEW YORK. THE COMPLEX HOUSES 1,196 STUDENTS IN 304 APARTMENTS, ALL WITH SINGLE BEDROOMS. RENT INCLUDES ALL UTILITIES, HIGHSPEED INTERNET ACCESS, CABLE TELEVISION, 24-HOUR MAINTENANCE AND SECURITY AND WASHERS AND DRYERS IN EACH APARTMENT. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 12507507 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 15700 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 15700 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 1173 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 1173 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt | 0 | 5800 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 5800 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 124323 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 80766 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 93077 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MICHAEL BOSSERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PETER COSGROVE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LEANNE WIRKKULA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KEVIN WILCOX |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MICHAEL CHRISTAKIS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 264067 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 171551 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 197699 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | ASSOCIATE EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2001 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -2584 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 13655699 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 220838 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 220838 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 2172589 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 608747 |
| IRS990/InterestGrp/FundraisingAmt | 0 | 0 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 1738011 |
| IRS990/InterestGrp/TotalAmt | 0 | 1738011 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 13919 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 13919 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 27176953 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 30125707 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 30028389 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 57205342 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 2584 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO CONSTRUCT AND OPERATE |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 4455937 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 1256436 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5471552 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6571460 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -2584 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -2584 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 489136 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 489136 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 20326 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 20326 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACTED SERVICES |
| IRS990/OtherExpensesGrp/Desc | 1 | TRANSFERS TO SUNY |
| IRS990/OtherExpensesGrp/Desc | 2 | PROFESSIONAL FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER EXPENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 30000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 3603198 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1958995 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 133137 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 255 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 3633198 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1958995 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 133137 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 255 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | KEVIN WILCOX |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 13641780 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 5684 |
| IRS990/PYOtherExpensesAmt | 0 | 10981672 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 13123204 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2147216 |
| IRS990/PYTotalExpensesAmt | 0 | 10981672 |
| IRS990/PYTotalRevenueAmt | 0 | 13128888 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1099908 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 13639196 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 21975761 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 19451061 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | false |
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| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | true |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE ORGANIZATION SUPPORTED IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS BECAUSE IT IS A STATE UNIVERSITY. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Pt IV Sec A Ln 2 |
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| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
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| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
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| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 5 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 1958995 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | UNIVERSITY AT ALBANY |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 1958995 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 27047074 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 25006886 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 52053960 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 2981315 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2170067 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 5151382 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 12553207 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 13653115 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ASC REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITION. THE CORPORATION HAS NOT RECOGNIZED ANY BENEFITS OR LIABILITIES FROM UNCERTAIN TAX POSITIONS THAT WILL SIGNIFICANTLY INCREASE OR DECREASE NET ASSETS. GENERALLY, FEDERAL AND STATE AUTHORITIES MAY EXAMINE THE CORPORATION'S TAX RETURNS FOR THREE YEARS FROM THE DATE OF FILING; CONSEQUENTLY, INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2014 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt X, Line 2 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 30028389 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 12553207 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 13653115 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 13653115 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 12553207 |
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| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 171551 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 2 | 189685 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 43492 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 28254 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 2 | 32561 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 80831 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 52512 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 2 | 60516 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 12 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 8014 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | LEANNE WIRKKULA |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | KEVIN WILCOX |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | MICHAEL CHRISTAKIS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 388390 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 252317 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 290776 |
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| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
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| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 0 | 2016-09-22 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 0 | 273467899 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 0 | 012432CMO |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 0 | 44712835 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 0 | City of Albany Capital Resource Corporation |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 0 | Refund of a prior issue |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt | 0 | 572817 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt | 0 | 44140018 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt | 0 | 2445000 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt | 0 | 44712835 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PRESIDENT PETER COSGROVE IS SENIOR VICE PRESIDENT , REGIONAL SALES EXECUTIVE OF KEY BANK (FOMERLY FIRST NIAGARA FINANCIAL GROUP. INC.) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION HAS ONE MEMBER; THE PRESIDENT OR INTERIM PRESIDENT OF THE UNIVERSITY AT ALBANY, STATE UNIVERSITY OF NEW YORK. THIS MEMBER APPOINTS ALL BOARD MEMBERS BUT HAS NO CONTROL OVER BOARD ACTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UNIVERSITY AT ALBANY, STATE UNIVERSITY OF NEW YORK APPOINTS ALL BOARD MEMBERS BUT HAS NO CONTROL OVER BOARD ACTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CORPORATION'S COMPLETED FORM 990 IS DISTRIBUTED TO MEMBERS PRIOR TO BEING FILED WITH THE IRS. THE FORM 990 IS PREPARED BY THE INDEPENDENT AUDITOR AND REVIWED BY THE CONTROLLER, ACCOUNTING MANAGER AND EXECUTIVE DIRECTOR PRIOR TO DISTRIBUTION TO BOARD MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOARD MEMBERS ARE GIVEN A QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS OF INTEREST ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CORPORATION HAS NO EMPLOYEES AND THEREFORE HAS NO COMPENSATION PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Loss on Bond Refinancing 1987930. 1987930. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Line 24e |
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| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | STATE UNIV OF NEW YORK AT ALBANY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 147400260 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 115 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | NY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | EDUCATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 1400 WASHINGTON AVE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | ALBANY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 12222 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | false |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | true |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | false |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.