Civic Intelligence

Empire Commons Student Housing Inc.

990 • Fiscal year 2021 • EIN 14-1832659

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 03, 2021

1400 Washington Ave Unh 212Albany, NY 12222

(518) 956-8120

Siviq Scores

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

Liabilities / Assets

81st percentile

0.75x

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

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

3.28x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Net Margin

11th percentile

-16%

Higher net margin than 11% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$354,728

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Asset Growth

10th percentile

-6.9%

Faster asset growth than 10% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-32%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$46,326,558

Down $3,432,231 (-6.9%) from 2020

Net Assets

Down

$11,769,168

Down $1,641,686 (-12%) from 2020

Liabilities

Down

$34,557,390

Down $1,790,545 (-4.9%) from 2020

Revenue

Down

$10,543,506

Down $4,888,287 (-32%) from 2020

Expenses

Down

$12,185,192

Down $2,995,339 (-20%) from 2020

Net Income

Down

-$1,641,686

Down $1,892,948 (-753%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$46,326,558
Liabilities$34,557,390
Net Assets$11,769,168

Operations Trend

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

2021

Revenue$10,543,506
Expenses$12,185,192
Net Income-$1,641,686
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$10,543,506
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$27,743,300$26,492,584▼ $1,250,716
Savings and Temporary Cash Investments$20,900,736$15,286,261▼ $5,614,475
Cash and Non-Interest-Bearing Accounts$303,544$3,979,357▲ $3,675,813
Accounts Receivable$394,264$568,356▲ $174,092
Intangible Assets$416,945--
Total Assets$49,758,789$46,326,558▼ $3,432,231
Liabilities
Tax Exempt Bond Liabilities$34,942,949$32,206,719▼ $2,736,230
Accounts Payable and Accrued Expenses$1,404,986$2,350,671▲ $945,685
Total Liabilities$36,347,935$34,557,390▼ $1,790,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,410,854$11,769,168▼ $1,641,686
Total Net Assets Fund Balance$13,410,854$11,769,168▼ $1,641,686
Total Liabilities and Net Assets / Fund Balance$49,758,789$46,326,558▼ $3,432,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,485,502$33,192,003$57,677,505
Equipment$2,007,082$4,006,214$6,013,296
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter CosgrovePresident
Bruce SzelestVice-president
Michael ChristakisAssoc Exec Director
Kevin WilcoxExecutive Director
Michael BossertSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
University At AlbanyManagement Services1400 WASHINGTON AVE, Albany, NY 12222$4,306,420
Albany Cresthill Suites LLCAccommodation1415 WASHINGTON AVE, Albany, NY 12206$520,000
Eastern Heating And Cooling INCHvac Services880 BROADWAY, Albany, NY 12207$198,838
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,540,581
Investment Income
$2,925
Other Revenue
$0
Change in Net Assets
$-1,641,686

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,543,506
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,543,506
Total Revenue per Form 990
$10,543,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,185,192
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
Depreciation Depletion$2,789,630--$2,789,630
All Other Expenses$1,510,401$243,057-$1,753,458
Interest$1,344,632--$1,344,632
Other Expenses$542,637--$542,637
Occupancy$452,893--$452,893
Insurance$275,218--$275,218
Fees for Services Accounting-$16,400-$16,400
Office Expenses$13,760--$13,760
Total Functional Expenses$11,925,735$259,457$0$12,185,192

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,185,192
Total Expenses per Audited Statements$12,185,192
Total Expenses per Form 990$12,185,192
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
ACity of Albany Capital Resource Corp2016-09-22$44,712,835REFUND OF A PRIOR ISSUE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$44,712,835-$2,445,000$572,817

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Description of membership: 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.

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

Member's power to elect or appoint to the board: university at albany, state university of new york appoints all board members but has no control over board actions.

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

Form 990 review procedure: the completed form 990 is distributed to members prior to being filed with the internal revenue service. The form 990 is prepared by the independent auditor and reviewed by the controller, accounting manager, and executive director prior to distribution to board members.

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

Conflict of interest policy procedure: board members are given a questionnaire regarding potential conflicts of interest annually.

Form 990, Part VI, Section C, Line 18

Public inspection of exemption application and annual filings: these are available for inspection upon request.

Form 990, Part VI, Section C, Line 19

Public availability of governing documents, conflict-of-interest policy, and financial statements: these are available upon request.

Filing and Contact Details

Filer

Filer Name
Empire Commons Student Housing Inc
EIN
14-1832659
Phone
5189568120
Address
1400 WASHINGTON AVE UNH 212, ALBANY, NY 12222

Signing Officer

Name
Kevin Wilcox
Title
Executive Director
Phone
5189568120
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Wilcox
Formed
2001
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Uhy Advisors Ny Inc
Address
4 TOWER PLACE EXECUTIVE PARK 7TH, FLOOR, ALBANY, NY 12203
Preparer
Xiaoqiang Zhang
Phone
5184493166
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Security personnel: program service expenses 428,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 428,783. Ualbany staff resources: program service expenses 218,603. Management and general expenses 208,057. Fundraising expenses 0. Total expenses 426,660. Facility supplies, maintenance & repairs: program service expenses 196,162. Management and general expenses 0. Fundraising expenses 0. Total expenses 196,162. Water: program service expenses 166,544. Management and general expenses 0. Fundraising expenses 0. Total expenses 166,544. Contracted services - billing & collection: program service expenses 129,431. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,431. Wireless internet: program service expenses 88,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,500. Ualbany overhead: program service expenses 70,930. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,930. Ualbany mailroom: program service expenses 69,223. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,223. Facility turnover costs: program service expenses 45,504. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,504. Parking attendant: program service expenses 36,658. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,658. Accountant - personnel: program service expenses 0. Management and general expenses 35,000. Fundraising expenses 0. Total expenses 35,000. Telephone: program service expenses 27,321. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,321. Furniture & equipment replacement: program service expenses 22,456. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,456. Program expense: program service expenses 10,286. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,286.

Financial Statement Notes

PART X, LINE 2:

Fasb asc 740 text of financial statements note regarding uncertain tax positions: the corporation believes that there are no uncertain tax positions that are material to the financial statements.

Raw XML AppendixShowing 400 of 540 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/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EQUITY TRANSFERS
IRS990/OtherExpensesGrp/Desc1FACILITY PERSONNEL
IRS990/OtherExpensesGrp/Desc2RESIDENTIAL LIFE PERSON
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt03000000
IRS990/OtherExpensesGrp/ProgramServicesAmt11360508
IRS990/OtherExpensesGrp/ProgramServicesAmt2636056
IRS990/OtherExpensesGrp/ProgramServicesAmt3542637
IRS990/OtherExpensesGrp/TotalAmt03000000
IRS990/OtherExpensesGrp/TotalAmt11360508
IRS990/OtherExpensesGrp/TotalAmt2636056
IRS990/OtherExpensesGrp/TotalAmt3542637
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN WILCOX
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010540581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010540581
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0199051
IRS990/PYOtherExpensesAmt015180531
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt015232742
IRS990/PYRevenuesLessExpensesAmt0251262
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt015180531
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015431793
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1641686
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010540581
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020900736
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015286261
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION SUPPORTED IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS BECAUSE IT IS A STATE UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 2
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0147400260
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03000000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY AT ALBANY STATE UNIVERSITY OF NEW YORK
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03000000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt024485502
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033192003
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt057677505
IRS990ScheduleD/EquipmentGrp/BookValueAmt02007082
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04006214
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06013296
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012185192
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010543506
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740 TEXT OF FINANCIAL STATEMENTS NOTE REGARDING UNCERTAIN TAX POSITIONS: THE CORPORATION BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026492584
IRS990ScheduleD/TotalExpensesPerForm990Amt012185192
IRS990ScheduleD/TotalRevenuePerForm990Amt010543506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010543506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012185192
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0231218
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1194856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2189319
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt040393
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt133320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt232374
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt078117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt164439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt262608
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL CHRISTAKIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KEVIN WILCOX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2BRUCE SZELEST
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ASSOC EXEC DIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE-PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0354728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1292615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2284301
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: CITY OF ALBANY CAPITAL RESOURCE CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2021
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-09-22
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273467899
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0012432CMO
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt044712835
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF ALBANY CAPITAL RESOURCE CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUND OF A PRIOR ISSUE
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0572817
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt044140018
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt02445000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt044712835
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF MEMBERSHIP: 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/ExplanationTxt1MEMBER'S POWER TO ELECT OR APPOINT TO THE BOARD: UNIVERSITY AT ALBANY, STATE UNIVERSITY OF NEW YORK APPOINTS ALL BOARD MEMBERS BUT HAS NO CONTROL OVER BOARD ACTIONS.

Document Assets

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Filings

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