Civic Intelligence

Madison Business Development Corp

EIN 16-1114842 • 501(c)4 • Morrisville, NY

Profile

Administration of section 8 rental housing for the madison county area

PO Box 220Morrisville, NY 13408

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.51x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.01x

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

501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

15th percentile

-38%

Higher net margin than 15% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

96th percentile

$40,999

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 30.3% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-99%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-24%

Faster revenue growth than 27% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$524

Down $50,190 (-99%) from 2015

Liabilities

Up

$793

Up $622 (+364%) from 2015

Net Assets

Down

-$269

Down $50,812 (-101%) from 2015

Operations
Liabilities / Revenue65th percentileNet Margin15th percentile

Revenue

Down

$135,169

Down $42,363 (-24%) from 2015

Expenses

Up

$185,981

Up $3,357 (+1.8%) from 2015

Net Income

Down

-$50,812

Down $45,720 (-898%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2011: $16,910Liabilities 2011: $36,462Net Assets 2011: -$19,5522011Assets 2012: $28,226Liabilities 2012: $15,683Net Assets 2012: $12,5432012Assets 2013: $46,047Liabilities 2013: $349Net Assets 2013: $45,6982013Assets 2014: $56,144Liabilities 2014: $509Net Assets 2014: $55,6352014Assets 2015: $50,714Liabilities 2015: $171Net Assets 2015: $50,5432015Assets 2016: $524Liabilities 2016: $793Net Assets 2016: -$2692016

Highlighted filing

2016

Assets$524
Liabilities$793
Net Assets-$269
Open 2016 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $185,762Expenses 2011: $192,472Net Income 2011: -$6,7102011Expenses 2012: $175,9382012Revenue 2013: $225,181Expenses 2013: $192,026Net Income 2013: $33,1552013Revenue 2014: $191,881Expenses 2014: $181,944Net Income 2014: $9,9372014Revenue 2015: $177,532Expenses 2015: $182,624Net Income 2015: -$5,0922015Revenue 2016: $135,169Expenses 2016: $185,981Net Income 2016: -$50,8122016

Highlighted filing

2016

Revenue$135,169
Expenses$185,981
Net Income-$50,812
Open 2016 Filing

Filings

Most recent year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$524
Liabilities
$793
Net assets
-$269
Revenue
$135,169
Expenses
$185,981
Net income
-$50,812
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$1.35$1.86$0.51
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$1.78$1.83$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.56$1.92$1.82$0.10
2013Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$2.25$1.92$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.16$0.13$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.36$0.20$1.86$1.92$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 3, 2016
Return Version
2015v2.0
Gross Receipts
$135,169
Mission and Program Overview

Mission

Administration of section 8 rental housing for the madison county area

Program Services

DescriptionGrantsExpenses
LOCAL ADMINISTRATOR FOR SECTION 8 RENTAL ASSISTANCE FOR MADISON COUNTY$185,980-
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BETTY RIGGALLExecutive DirecFT$40,999-$40,999
JOSEPH SLIVINSKIPresident-$0--
O PERRY TOOKERTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Madison Business Development Corp
EIN
16-1114842
Phone
3156843222
Address
PO BOX 220, MORRISVILLE, NY 13408

Signing Officer

Name
Betty Riggall
Title
Executive Direc
Signed
2016-11-03
Discuss with paid preparer
Yes

Preparer

Firm
Cuomo Winters & Schmidt CPAs PLLC
Address
6315 Fly Road Suite 108, East Syracuse, NY 13057
Preparer
Mark A Schmidt CPA CVA
Phone
3154710465
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $522”

Other Expenses.1002

“Office Expenses $8813”

Other Expenses.1005

“Travel $856”

Other Expenses.1007

“Conferences, Conventions, and Meetings $2300”

Other Expenses.1009

“Depreciation $1058”

Other Expenses.1012

“Insurance $2516”

Other Expenses.1

“TELEPHONE $5063”

Other Expenses.2

“VEHICLE $4332”

Other Expenses.3

“PROFESSIONAL FEES $3964”

Other Expenses.4

“LEASE $3904”

Other Expenses.6

“Payroll processing fees $1884”

Other Expenses.7

“Dues and subscriptions $971”

Other Assets.1002

“Furniture and Fixtures - Beginning $213 Furniture and Fixtures - Ending $181”

Other Assets.1003

“Machinery and Equipment - Beginning $1369 Machinery and Equipment - Ending $343”

Total Liabilities.1

“- Beginning $0 - Ending $0”

Total Liabilities.2

“- Beginning $0 - Ending $0”

Raw XML Appendix133 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0BETTY RIGGALL
IRS990EZ/BooksInCareOfDetail/PhoneNum03156843222
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 220 EATON ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MORRISVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd013408
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt049132
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-50812
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt050714
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0524
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0135169
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt050543
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-269
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt050543
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-269
IRS990EZ/OccupancyRentUtltsAndMaintAmt08836
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt240.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt240999
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOSEPH SLIVINSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1O PERRY TOOKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BETTY RIGGALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Executive Direc
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01582
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0524
IRS990EZ/OtherExpensesTotalAmt036183
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ADMINISTRATION OF SECTION 8 RENTAL HOUSING FOR THE MADISON COUNTY AREA
IRS990EZ/PrintingPublicationsPostageAmt02814
IRS990EZ/ProgramServiceRevenueAmt0135169
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LOCAL ADMINISTRATOR FOR SECTION 8 RENTAL ASSISTANCE FOR MADISON COUNTY
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0185980
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0138148
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0171
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0793
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0185981
IRS990EZ/TotalProgramServiceExpensesAmt0185980
IRS990EZ/TotalRevenueAmt0135169
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $522
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $8813
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $856
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, Conventions, and Meetings $2300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation $1058
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $2516
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TELEPHONE $5063
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7VEHICLE $4332
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROFESSIONAL FEES $3964
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LEASE $3904
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PAYROLL PROCESSING FEES $1884
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DUES AND SUBSCRIPTIONS $971
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Furniture and Fixtures - Beginning $213 Furniture and Fixtures - Ending $181
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Machinery and Equipment - Beginning $1369 Machinery and Equipment - Ending $343
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14- Beginning $0 - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15- Beginning $0 - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Total Liabilities.2
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETTY RIGGALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON BUSINESS DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0161114842
ReturnHeader/Filer/PhoneNum03156843222
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 220
ReturnHeader/Filer/USAddress/CityNm0MORRISVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013408
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cuomo Winters & Schmidt CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06315 Fly Road Suite 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0East Syracuse
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013057
ReturnHeader/PreparerPersonGrp/PhoneNum03154710465
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark A Schmidt CPA CVA
ReturnHeader/ReturnTs02016-11-03T12:16:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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