Civic Intelligence

Timon Towers Housing Development Fund Company Inc

990 • Fiscal year 2018 • EIN 16-1075435

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 07, 2019

Organization ProfileWWW.DELTADEVELOPMENTWNY.ORG
525 Washington StreetBuffalo, NY 14203

(716) 847-1635

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.05x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

3.46x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

21st percentile

-6.1%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-0.7%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$3,524,456

Down $229,854 (-6.1%) from 2017

Net Assets

Down

-$191,056

Down $204,997 (-1470%) from 2017

Liabilities

Down

$3,715,512

Down $24,857 (-0.7%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin14th percentile

Revenue

Down

$1,073,919

Down $7,913 (-0.7%) from 2017

Expenses

Up

$1,278,916

Up $161,002 (+14%) from 2017

Net Income

Down

-$204,997

Down $168,915 (-468%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,487,857Liabilities 2011: $2,027,308Net Assets 2011: -$539,4512011Assets 2012: $1,477,944Liabilities 2012: $1,828,748Net Assets 2012: -$350,8042012Assets 2013: $1,480,708Liabilities 2013: $1,634,259Net Assets 2013: -$153,5512013Assets 2014: $1,436,612Liabilities 2014: $1,411,972Net Assets 2014: $24,6402014Assets 2015: $3,988,126Liabilities 2015: $3,946,092Net Assets 2015: $42,0342015Assets 2016: $3,849,107Liabilities 2016: $3,799,084Net Assets 2016: $50,0232016Assets 2017: $3,754,310Liabilities 2017: $3,740,369Net Assets 2017: $13,9412017Assets 2018: $3,524,456Liabilities 2018: $3,715,512Net Assets 2018: -$191,0562018Assets 2019: $3,412,814Liabilities 2019: $3,645,687Net Assets 2019: -$232,8732019Assets 2020: $3,382,231Liabilities 2020: $3,561,434Net Assets 2020: -$179,2032020Assets 2021: $3,293,242Liabilities 2021: $3,551,902Net Assets 2021: -$258,6602021Assets 2022: $3,228,704Liabilities 2022: $3,464,407Net Assets 2022: -$235,7032022Assets 2023: $3,271,077Liabilities 2023: $3,366,725Net Assets 2023: -$95,6482023

Highlighted filing

2018

Assets$3,524,456
Liabilities$3,715,512
Net Assets-$191,056
Open 2018 Filing

Operations Trend

Revenue Growth37th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $928,0912011Expenses 2012: $892,7952012Revenue 2013: $1,128,885Expenses 2013: $931,632Net Income 2013: $197,2532013Revenue 2014: $1,111,300Expenses 2014: $933,109Net Income 2014: $178,1912014Revenue 2015: $1,075,258Expenses 2015: $1,057,864Net Income 2015: $17,3942015Revenue 2016: $1,068,124Expenses 2016: $1,060,135Net Income 2016: $7,9892016Revenue 2017: $1,081,832Expenses 2017: $1,117,914Net Income 2017: -$36,0822017Revenue 2018: $1,073,919Expenses 2018: $1,278,916Net Income 2018: -$204,9972018Revenue 2019: $1,112,499Expenses 2019: $1,154,316Net Income 2019: -$41,8172019Revenue 2020: $1,157,011Expenses 2020: $1,103,341Net Income 2020: $53,6702020Revenue 2021: $1,135,761Expenses 2021: $1,215,218Net Income 2021: -$79,4572021Revenue 2022: $1,169,831Expenses 2022: $1,146,874Net Income 2022: $22,9572022Revenue 2023: $1,216,430Expenses 2023: $1,076,375Net Income 2023: $140,0552023

Highlighted filing

2018

Revenue$1,073,919
Expenses$1,278,916
Net Income-$204,997
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 7, 2019
Return Version
2018v3.1
Gross Receipts
$1,073,919
Mission and Program Overview

Mission

To provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,538,014$2,302,705▼ $235,309
Prepaid Expenses and Deferred Charges$42,833$42,000▼ $833
Cash and Non-Interest-Bearing Accounts$59,882$23,743▼ $36,139
Accounts Receivable$2,397$8,671▲ $6,274
Total Assets$3,754,310$3,524,456▼ $229,854
Other Assets Total$1,111,184$1,147,337▲ $36,153
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,655,729$3,598,525▼ $57,204
Accounts Payable and Accrued Expenses$42,994$76,696▲ $33,702
Other Liabilities$41,646$40,291▼ $1,355
Total Liabilities$3,740,369$3,715,512▼ $24,857
Net Assets / Fund Balance
Unrestricted Net Assets$13,941$-191,056▼ $204,997
Total Net Assets Fund Balance$13,941$-191,056▼ $204,997
Total Liabilities and Net Assets / Fund Balance$3,754,310$3,524,456▼ $229,854

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,646,902$5,511,893$7,158,795
Equipment$418,331$75,322$493,653
Land$193,367-$193,367
Other Land Buildings$44,105$133,625$177,730
Other Assets Org$40,291--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Sr Mary MccarrickPresident
Rev Msgr David S SlubeckyVice President
BRIAN O'HERRONDirector
Rev Rev Richard J MaloneDirector
Rev Robert OrlowskiDirector
Russell JacobsDirector
Sister Regina MurphyDirector
Dennis C WalczykSecretary
Steven D TimmelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,027,752
Investment Income
$2,442
Other Revenue
$43,725
Change in Net Assets
$-204,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,073,919
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,073,919
Total Revenue per Form 990
$1,073,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$968,675
Salaries, Compensation, and Employee Benefits$310,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,502$113,108-$241,610
Depreciation Depletion$235,309--$235,309
Interest$145,151--$145,151
Fees for Services Management-$73,014-$73,014
Occupancy$59,151--$59,151
All Other Expenses$38,511$19,665-$58,176
Other Employee Benefits$28,543$19,426-$47,969
Insurance$41,417--$41,417
Office Expenses-$34,275-$34,275
Other Expenses$29,077$45,184-$29,077
Payroll Taxes$12,294$8,368-$20,662
Fees for Services Other-$10,522-$10,522
Fees for Services Accounting-$4,985-$4,985
Fees for Services Legal-$2,035-$2,035
Advertising-$1,184-$1,184
Conferences and Meetings-$532-$532
Total Functional Expenses$946,618$332,298$0$1,278,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,278,916
Total Expenses per Audited Statements$1,278,916
Total Expenses per Form 990$1,278,916
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

Other Reported Liabilities

LiabilityAmount
TENANTS' SECURITY DEPOSITS$40,291
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Delta development of wny, inc. Is the management agent responsible for day-to-day operations involving tenant selection and application process required by hud. All management related matters including general maintenance and repairs, administrative, personnel administration, rent collection and lease enforcement, accounting services, marketing, and community relations, as outlined in the management agreement. Employee hiring, supervision, and terminations are the responsibility of delta development as managing agent.”

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

“The management company reviews the form and secures the review of the form by the audit committee, which is comprised of board members.”

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

“The board of directors follows the conflict of interest policy of delta development, the managing agent.”

Form 990, Part VI, Section C, Line 19

“Available upon request by the public.”

Filing and Contact Details

Filer

Filer Name
Timon Towers Housing Development Fund
EIN
16-1075435
Phone
7168471635
Address
525 WASHINGTON STREET, BUFFALO, NY 14203

Signing Officer

Name
Dennis Walczyk
Title
Secretary
Phone
7168471635
Signed
2019-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Walczyk
Formed
1976
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
JOHN T O'BRIEN
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended december 31, 2018.”

Financial Statement Notes

PART X, LINE 2:

“The company is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The company has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The company presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the company has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the company are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 533 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/OtherRevenueMiscGrp/ExclusionAmt15113
IRS990/OtherRevenueMiscGrp/ExclusionAmt21177
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt037435
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15113
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21177
IRS990/OtherRevenueTotalAmt043725
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113108
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0128502
IRS990/OtherSalariesAndWagesGrp/TotalAmt0241610
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08368
IRS990/PayrollTaxesGrp/ProgramServicesAmt012294
IRS990/PayrollTaxesGrp/TotalAmt020662
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042833
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042000
IRS990/PrincipalOfficerNm0DENNIS WALCZYK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0632759
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1394993
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0632759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1394993
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01840
IRS990/PYOtherExpensesAmt0854686
IRS990/PYOtherRevenueAmt042708
IRS990/PYProgramServiceRevenueAmt01037284
IRS990/PYRevenuesLessExpensesAmt0-36082
IRS990/PYSalariesCompEmpBnftPaidAmt0263228
IRS990/PYTotalExpensesAmt01117914
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01081832
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-204997
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01027752
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0694746
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0694746
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02442
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01840
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04003
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0458
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010822
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01027752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01037284
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01026170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01029819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0360569
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04481594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02442
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04003
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0458
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010822
IRS990ScheduleA/InvestmentIncomeCYPct00.00200
IRS990ScheduleA/InvestmentIncomePYPct00.00160
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt043725
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt042708
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt039875
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt041436
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt055527
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0223271
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95670
IRS990ScheduleA/PublicSupportPY509Pct00.95270
IRS990ScheduleA/PublicSupportTotal509Amt05176340
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01027752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01037284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01026170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01029819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01055315
IRS990ScheduleA/Total509Grp/TotalAmt05176340
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01073919
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01081832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01068124
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01075258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01111300
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05410433
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01646902
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05511893
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07158795
IRS990ScheduleD/EquipmentGrp/BookValueAmt0418331
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075322
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0493653
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01278916
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0193367
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0193367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0401860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1651915
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt328623
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt440291
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TAX & INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044105
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0133625
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0177730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040291
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01073919
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02302705
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01147337
IRS990ScheduleD/TotalExpensesPerForm990Amt01278916
IRS990ScheduleD/TotalLiabilityAmt040291
IRS990ScheduleD/TotalRevenuePerForm990Amt01073919
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01073919
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01278916
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DELTA DEVELOPMENT OF WNY, INC. IS THE MANAGEMENT AGENT RESPONSIBLE FOR DAY-TO-DAY OPERATIONS INVOLVING TENANT SELECTION AND APPLICATION PROCESS REQUIRED BY HUD. ALL MANAGEMENT RELATED MATTERS INCLUDING GENERAL MAINTENANCE AND REPAIRS, ADMINISTRATIVE, PERSONNEL ADMINISTRATION, RENT COLLECTION AND LEASE ENFORCEMENT, ACCOUNTING SERVICES, MARKETING, AND COMMUNITY RELATIONS, AS OUTLINED IN THE MANAGEMENT AGREEMENT. EMPLOYEE HIRING, SUPERVISION, AND TERMINATIONS ARE THE RESPONSIBILITY OF DELTA DEVELOPMENT AS MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT COMPANY REVIEWS THE FORM AND SECURES THE REVIEW OF THE FORM BY THE AUDIT COMMITTEE, WHICH IS COMPRISED OF BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS FOLLOWS THE CONFLICT OF INTEREST POLICY OF DELTA DEVELOPMENT, THE MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2018.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,524,456
Liabilities
$3,715,512
Net assets
-$191,056
Revenue
$1,073,919
Expenses
$1,278,916
Net income
-$204,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.27$3.37$0.10$1.22$1.08$0.14
2022Summary only. Only limited summary data is available for this year.$3.23$3.46$0.24$1.17$1.15$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$3.55$0.26$1.14$1.22$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$3.56$0.18$1.16$1.10$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$3.65$0.23$1.11$1.15$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.52$3.72$0.19$1.07$1.28$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$3.74$0.01$1.08$1.12$0.04
2016Summary only. Only limited summary data is available for this year.$3.85$3.80$0.05$1.07$1.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.99$3.95$0.04$1.08$1.06$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.44$1.41$0.02$1.11$0.93$0.18
2013Summary only. Only limited summary data is available for this year.$1.48$1.63$0.15$1.13$0.93$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.83$0.35$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$2.03$0.54$0.93