Civic Intelligence

737 Comstock Avenue Inc

990 • Fiscal year 2016 • EIN 15-0624585

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 03, 2016

C/O Sciarabba Walker 410 E UplandIthaca, NY 14850

(607) 272-5550

Siviq Scores

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

Liabilities / Assets

55th percentile

0.05x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • NTEE N • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • NTEE N • $500k-$1M nonprofits • Source year 2016

Net Margin

65th percentile

10.0%

Higher net margin than 65% of similar nonprofits.

2016 filings • NTEE N • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2016 filings • NTEE N • $500k-$1M nonprofits • Source year 2016

Asset Growth

56th percentile

3.8%

Faster asset growth than 56% of similar nonprofits.

2016 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$826,187

Up $29,989 (+3.8%) from 2015

Net Assets

Up

$782,247

Up $49,518 (+6.8%) from 2015

Liabilities

Down

$43,940

Down $19,529 (-31%) from 2015

Revenue

Up

$495,840

Up $72,781 (+17%) from 2015

Expenses

Up

$446,322

Up $61,958 (+16%) from 2015

Net Income

Up

$49,518

Up $10,823 (+28%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $876,142Liabilities 2013: $225,114Net Assets 2013: $651,0282013Assets 2014: $730,640Liabilities 2014: $36,606Net Assets 2014: $694,0342014Assets 2015: $796,198Liabilities 2015: $63,469Net Assets 2015: $732,7292015Assets 2016: $826,187Liabilities 2016: $43,940Net Assets 2016: $782,2472016Assets 2017: $933,313Liabilities 2017: $98,795Net Assets 2017: $834,5182017Assets 2018: $1,017,011Liabilities 2018: $119,581Net Assets 2018: $897,4302018Assets 2019: $1,031,860Liabilities 2019: $89,964Net Assets 2019: $941,8962019Assets 2020: $1,091,144Liabilities 2020: $82,953Net Assets 2020: $1,008,1912020Assets 2021: $1,132,736Liabilities 2021: $93,953Net Assets 2021: $1,038,7832021Assets 2022: $985,477Liabilities 2022: $52,617Net Assets 2022: $932,8602022Assets 2023: $1,080,359Liabilities 2023: $74,574Net Assets 2023: $1,005,7852023Assets 2024: $1,185,887Liabilities 2024: $46,803Net Assets 2024: $1,139,0842024Assets 2025: $1,305,288Liabilities 2025: $76,420Net Assets 2025: $1,228,8682025

Highlighted filing

2016

Assets$826,187
Liabilities$43,940
Net Assets$782,247

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $390,299Expenses 2013: $306,390Net Income 2013: $83,9092013Revenue 2014: $370,830Expenses 2014: $327,822Net Income 2014: $43,0082014Revenue 2015: $423,059Expenses 2015: $384,364Net Income 2015: $38,6952015Revenue 2016: $495,840Expenses 2016: $446,322Net Income 2016: $49,5182016Revenue 2017: $436,453Expenses 2017: $384,182Net Income 2017: $52,2712017Revenue 2018: $286,190Expenses 2018: $223,278Net Income 2018: $62,9122018Revenue 2019: $279,500Expenses 2019: $235,034Net Income 2019: $44,4662019Revenue 2020: $297,607Expenses 2020: $231,311Net Income 2020: $66,2962020Revenue 2021: $291,985Expenses 2021: $261,393Net Income 2021: $30,5922021Revenue 2022: $22,493Expenses 2022: $128,416Net Income 2022: -$105,9232022Revenue 2023: $329,044Expenses 2023: $256,119Net Income 2023: $72,9252023Revenue 2024: $385,331Expenses 2024: $252,032Net Income 2024: $133,2992024Revenue 2025: $341,098Expenses 2025: $251,314Net Income 2025: $89,7842025

Highlighted filing

2016

Revenue$495,840
Expenses$446,322
Net Income$49,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$495,840
Mission and Program Overview

Mission

SEE BELOW.

Owner and property manager of a lodging house to provide housing and food service for a men's fraternity association at syracuse university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$732,729$782,247▲ $49,518
Land, Buildings, and Equipment, Net$530,857$563,105▲ $32,248
Cash and Non-Interest-Bearing Accounts$247,368$235,503▼ $11,865
Accounts Receivable$1,320$11,684▲ $10,364
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$796,198$826,187▲ $29,989
Other Assets Total$16,653$15,895▼ $758
Liabilities
Accounts Payable and Accrued Expenses$26,737$26,748▲ $11
Other Liabilities$20,599$9,858▼ $10,741
Mortgage Notes Payable Secured by Investment Property$16,133$7,334▼ $8,799
Total Liabilities$63,469$43,940▼ $19,529
Net Assets / Fund Balance
Total Net Assets Fund Balance$732,729$782,247▲ $49,518
Total Liabilities and Net Assets / Fund Balance$796,198$826,187▲ $29,989

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$471,963$491,150$963,113
Other Land Buildings$59,042$110,499$169,541
Land$32,100-$32,100
Compensation and Service Providers

Board Members and Trustees

NameTitle
Henry C Suominen JrPresident/treasurer
John BersaniVice President
Brad ShortDirector
Chris DowdDirector
Douglas SedgwickDirector
Evan MonahanDirector
John TropDirector
Keegan SlatteryDirector
Michael YatesDirector
Steven OlivaDirector
William BeachDirector
William GerbigSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$495,840
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$49,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$440,603
Salaries, Compensation, and Employee Benefits$5,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$130,402
Depreciation Depletion---$29,923
Fees for Services Accounting---$17,600
All Other Expenses---$14,705
Insurance---$9,897
Other Expenses---$7,602
Office Expenses---$6,096
Payroll Taxes---$3,385
Other Salaries and Wages---$2,334
Total Functional Expenses$0$0$0$446,322
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Douglas SedgwickBoard MemberOrganization Purchased Furniture From Sedgwick Business Interiors. the Interested Person Has a Financial Interest in Sedgwick Business Interiors.No$10,683
Steven OlivaBoard MemberOliva Construction Co Performed Renovations in the Basement of the House. the Interested Person Has a Financial Interest in Oliva Construction Co.No$8,346
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$9,450
Payroll Tax Liabilities$408
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members.

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

The organization consists of members who appoint the board members.

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

Some governance decisions of the organization are reserved to members.

Form 990, Part VI, Section B, Line 11

Form 990 is made available on the website of the alumni association and the president receives, reviews, signs and mails the return. A copy is distributed electronically to board members.

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

The conflict of interest policy requires each board member to complete a questionaire about any potential conflicts that may arise which are made available at the annual meeting.

Form 990, Part VI, Section C, Line 19

The conflict of interest policy requires each board member to complete a questionaire about any potential conflicts that may arise which are made available at the annual meeting.

Filing and Contact Details

Filer

Filer Name
737 Comstock Avenue Inc
EIN
15-0624585
Phone
6072725550
Address
C/O SCIARABBA WALKER 410 E UPLAND, ITHACA, NY 14850

Signing Officer

Name
Henry C Suominen Jr
Title
President and Treasurer
Phone
6173126800
Signed
2016-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry C Suominen Jr
Formed
1965
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
12

Preparer

Firm
Sciarabba Walker & Co Llp
Address
410 EAST UPLAND ROAD, ITHACA, NY 14850
Preparer
Carolyn Austin
Phone
6072725550
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Trash removal 4,573. Event expense 2,649. Kitchen 2,640. Bank fees 1,653. Grounds and maintenance 1,275. Security and phone expenses 977. Mortgage interest 598. Nys corporation tax 250. Federal income tax 84. Nys int. Assessment surcharge 4. Dwolla fee 2.

Raw XML Appendix386 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/ReconcilationRevenueExpnssAmt049518
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0732729
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0782247
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0471963
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0491150
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0963113
IRS990ScheduleD/LandGrp/BookValueAmt032100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt032100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt059042
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110499
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0563105
IRS990ScheduleD/TotalLiabilityAmt09858
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0STEVEN OLIVA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1DOUGLAS SEDGWICK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt08346
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt110683
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OLIVA CONSTRUCTION CO PERFORMED RENOVATIONS IN THE BASEMENT OF THE HOUSE. THE INTERESTED PERSON HAS A FINANCIAL INTEREST IN OLIVA CONSTRUCTION CO.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ORGANIZATION PURCHASED FURNITURE FROM SEDGWICK BUSINESS INTERIORS. THE INTERESTED PERSON HAS A FINANCIAL INTEREST IN SEDGWICK BUSINESS INTERIORS.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONSISTS OF MEMBERS WHO APPOINT THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME GOVERNANCE DECISIONS OF THE ORGANIZATION ARE RESERVED TO MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS MADE AVAILABLE ON THE WEBSITE OF THE ALUMNI ASSOCIATION AND THE PRESIDENT RECEIVES, REVIEWS, SIGNS AND MAILS THE RETURN. A COPY IS DISTRIBUTED ELECTRONICALLY TO BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY REQUIRES EACH BOARD MEMBER TO COMPLETE A QUESTIONAIRE ABOUT ANY POTENTIAL CONFLICTS THAT MAY ARISE WHICH ARE MADE AVAILABLE AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY REQUIRES EACH BOARD MEMBER TO COMPLETE A QUESTIONAIRE ABOUT ANY POTENTIAL CONFLICTS THAT MAY ARISE WHICH ARE MADE AVAILABLE AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRASH REMOVAL 4,573. EVENT EXPENSE 2,649. KITCHEN 2,640. BANK FEES 1,653. GROUNDS AND MAINTENANCE 1,275. SECURITY AND PHONE EXPENSES 977. MORTGAGE INTEREST 598. NYS CORPORATION TAX 250. FEDERAL INCOME TAX 84. NYS INT. ASSESSMENT SURCHARGE 4. DWOLLA FEE 2.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0796198
IRS990/TotalAssetsEOYAmt0826187
IRS990/TotalAssetsGrp/BOYAmt0796198
IRS990/TotalAssetsGrp/EOYAmt0826187
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0446322
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063469
IRS990/TotalLiabilitiesEOYAmt043940
IRS990/TotalLiabilitiesGrp/BOYAmt063469
IRS990/TotalLiabilitiesGrp/EOYAmt043940
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0732729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0782247
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt087
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt087
IRS990/TotalProgramServiceRevenueAmt0495840
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0495840
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0495840
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0796198
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0826187
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O SCIARABBA WALKER 410 E UPLAND
IRS990/USAddress/CityNm0ITHACA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014850
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY C SUOMINEN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06173126800
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0737 COMSTOCK AVENUE INC
ReturnHeader/Filer/BusinessNameControlTxt0737C
ReturnHeader/Filer/EIN0150624585
ReturnHeader/Filer/PhoneNum06072725550
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O SCIARABBA WALKER 410 E UPLAND
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161071694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 EAST UPLAND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072725550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROLYN AUSTIN
ReturnHeader/ReturnTs02016-11-03T14:54:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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