Civic Intelligence

737 Comstock Avenue Inc

990 • Fiscal year 2017 • EIN 15-0624585

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

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

65th percentile

0.11x

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

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.23x

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

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

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

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Asset Growth

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

2017 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-12%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$933,313

Up $107,126 (+13%) from 2016

Net Assets

Up

$834,518

Up $52,271 (+6.7%) from 2016

Liabilities

Up

$98,795

Up $54,855 (+125%) from 2016

Revenue

Down

$436,453

Down $59,387 (-12%) from 2016

Expenses

Down

$384,182

Down $62,140 (-14%) from 2016

Net Income

Up

$52,271

Up $2,753 (+5.6%) from 2016

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

2017

Assets$933,313
Liabilities$98,795
Net Assets$834,518

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

2017

Revenue$436,453
Expenses$384,182
Net Income$52,271
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$436,453
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$782,247$834,518▲ $52,271
Land, Buildings, and Equipment, Net$563,105$639,817▲ $76,712
Cash and Non-Interest-Bearing Accounts$235,503$278,481▲ $42,978
Accounts Receivable$11,684$10,034▼ $1,650
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$826,187$933,313▲ $107,126
Other Assets Total$15,895$4,981▼ $10,914
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,334$45,000▲ $37,666
Accounts Payable and Accrued Expenses$26,748$38,962▲ $12,214
Other Liabilities$9,858$14,833▲ $4,975
Total Liabilities$43,940$98,795▲ $54,855
Net Assets / Fund Balance
Total Net Assets Fund Balance$782,247$834,518▲ $52,271
Total Liabilities and Net Assets / Fund Balance$826,187$933,313▲ $107,126

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$562,791$505,337$1,068,128
Other Land Buildings$44,926$127,740$172,666
Land$32,100-$32,100
Compensation and Service Providers

Board Members and Trustees

NameTitle
Henry C Suominen JrPresident/treasurer
Phil OldhamVice President
Brad ShortDirector
Chris DowdDirector
Douglas SedgwickDirector
Evan MonahanDirector
Hunter ViscarelloDirector
John BersaniDirector
Keegan SlatteryDirector
Steven OlivaDirector
William BeachDirector
William GerbigSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$436,453
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$52,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,182
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
Occupancy---$108,546
Depreciation Depletion---$31,428
Fees for Services Accounting---$14,890
All Other Expenses---$14,095
Insurance---$8,654
Other Expenses---$7,710
Office Expenses---$3,638
Interest---$2,305
Fees for Services Legal---$600
Total Functional Expenses$0$0$0$384,182
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
Steven OlivaBoard MemberOliva Construction Co Performed Various Repairs to the House (doors, Ceiling, Tiles, Sheetrock, Concrete, Etc.) the Interested Person Has a Financial Interest in Oliva Construction Co.No$21,365
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$9,450
Due to Chapter$3,474
Damages-holding$1,909
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

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
2017-11-02
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 6,421. Event expense 2,330. Kitchen 2,178. Grounds and maintenance 1,585. Security and phone expenses 638. Bank fees 408. D&o expense 363. Mortgage interest 165. Postage 6. Dwolla fee 1.

Raw XML Appendix391 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/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0782247
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0834518
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0562791
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0505337
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01068128
IRS990ScheduleD/LandGrp/BookValueAmt032100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt032100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044926
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0127740
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0172666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DAMAGES-HOLDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO CHAPTER
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0639817
IRS990ScheduleD/TotalLiabilityAmt014833
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0STEVEN OLIVA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt021365
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OLIVA CONSTRUCTION CO PERFORMED VARIOUS REPAIRS TO THE HOUSE (DOORS, CEILING, TILES, SHEETROCK, CONCRETE, ETC.) THE INTERESTED PERSON HAS A FINANCIAL INTEREST IN OLIVA CONSTRUCTION CO.
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 6,421. EVENT EXPENSE 2,330. KITCHEN 2,178. GROUNDS AND MAINTENANCE 1,585. SECURITY AND PHONE EXPENSES 638. BANK FEES 408. D&O EXPENSE 363. MORTGAGE INTEREST 165. POSTAGE 6. DWOLLA FEE 1.
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 11B
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/TotalAssetsBOYAmt0826187
IRS990/TotalAssetsEOYAmt0933313
IRS990/TotalAssetsGrp/BOYAmt0826187
IRS990/TotalAssetsGrp/EOYAmt0933313
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0384182
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043940
IRS990/TotalLiabilitiesEOYAmt098795
IRS990/TotalLiabilitiesGrp/BOYAmt043940
IRS990/TotalLiabilitiesGrp/EOYAmt098795
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0782247
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0834518
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0258
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0258
IRS990/TotalProgramServiceRevenueAmt0436453
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0436453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0436453
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0826187
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0933313
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/SignatureDt02017-11-02
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0155D33B2D2621C65E3B632D236C1A3FCF2DE5B57
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId096FE4B5C0DBFFD1A80996EF50658D01FDC272BE1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.152.125.150
ReturnHeader/FilingSecurityInformation/IPDt02017-11-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:49:54
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/ReturnTs02017-11-02T09:50:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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