Civic Intelligence

Grasse River Housing Corporation

EIN 16-1121595 • 501(c)3 • Madrid, NY

Profile

The corporation operates an 8 unit apartment building that provides housing to the ederly and disabled individuals.

1901 State Highway 345Madrid, NY 13660

n/A

Siviq Scores

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

Liabilities / Assets

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.06x

Higher debt load relative to revenue than 58% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

7.9%

Higher net margin than 56% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

NTEE L • <$500k nonprofits • Source year 2024

Asset Growth

65th percentile

3.5%

Faster asset growth than 65% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$248,103

Up $8,354 (+3.5%) from 2023

Liabilities

Down

$4,323

Down $854 (-16%) from 2023

Net Assets

Up

$243,780

Up $9,208 (+3.9%) from 2023

Revenue

Up

$76,453

Up $7,315 (+11%) from 2023

Expenses

Up

$70,402

Up $598 (+0.9%) from 2023

Net Income

Up

$6,051

Up $6,717 (+1009%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $274,280Liabilities 2012: $56,9002012Assets 2013: $226,833Liabilities 2013: $2,386Net Assets 2013: $224,4472013Assets 2014: $235,759Liabilities 2014: $2,034Net Assets 2014: $233,7252014Assets 2015: $243,937Liabilities 2015: $5,900Net Assets 2015: $238,0372015Assets 2016: $233,439Liabilities 2016: $3,061Net Assets 2016: $230,3782016Assets 2017: $234,231Liabilities 2017: $2,846Net Assets 2017: $231,3852017Assets 2018: $233,456Liabilities 2018: $3,098Net Assets 2018: $230,3582018Assets 2019: $236,389Liabilities 2019: $3,314Net Assets 2019: $233,0752019Assets 2020: $234,873Liabilities 2020: $3,254Net Assets 2020: $231,6192020Assets 2021: $250,009Liabilities 2021: $4,103Net Assets 2021: $245,9062021Assets 2022: $236,673Liabilities 2022: $4,824Net Assets 2022: $231,8492022Assets 2023: $239,749Liabilities 2023: $5,177Net Assets 2023: $234,5722023Assets 2024: $248,103Liabilities 2024: $4,323Net Assets 2024: $243,7802024

Highlighted filing

2024

Assets$248,103
Liabilities$4,323
Net Assets$243,780

Operations Trend

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

$100K$50K$0-$50KRevenue 2012: $40,815Expenses 2012: $50,651Net Income 2012: -$9,8362012Expenses 2013: $47,1652013Revenue 2014: $50,935Expenses 2014: $47,678Net Income 2014: $3,2572014Revenue 2015: $55,250Expenses 2015: $50,962Net Income 2015: $4,2882015Revenue 2016: $61,349Expenses 2016: $69,008Net Income 2016: -$7,6592016Revenue 2017: $61,569Expenses 2017: $64,114Net Income 2017: -$2,5452017Revenue 2018: $72,613Expenses 2018: $67,732Net Income 2018: $4,8812018Revenue 2019: $68,457Expenses 2019: $66,425Net Income 2019: $2,0322019Revenue 2020: $66,493Expenses 2020: $65,630Net Income 2020: $8632020Revenue 2021: $71,063Expenses 2021: $66,363Net Income 2021: $4,7002021Revenue 2022: $67,122Expenses 2022: $68,670Net Income 2022: -$1,5482022Revenue 2023: $69,138Expenses 2023: $69,804Net Income 2023: -$6662023Revenue 2024: $76,453Expenses 2024: $70,402Net Income 2024: $6,0512024

Highlighted filing

2024

Revenue$76,453
Expenses$70,402
Net Income$6,051

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.04$2.44$0.76$0.70$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.05$2.35$0.69$0.70$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.05$2.32$0.67$0.69$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.04$2.46$0.71$0.66$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.03$2.32$0.66$0.66$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.03$2.33$0.68$0.66$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.03$2.30$0.73$0.68$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.03$2.31$0.62$0.64$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.33$0.03$2.30$0.61$0.69$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.44$0.06$2.38$0.55$0.51$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.36$0.02$2.34$0.51$0.48$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.02$2.24$0.47
2012Summary only. Only limited summary data is available for this year.$2.74$0.57$0.41$0.51$0.10
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 27, 2016
Return Version
2015v2.1
Gross Receipts
$65,871
Mission and Program Overview

Mission

Provide housing for low income elderly and disabled individuals.

Program Services

DescriptionGrantsExpenses
THE CORPORATION OPERATES AN EIGHT UNIT APARTMENT BUILDING THAT PROVIDES HOUSING TO ELDERLY AND DISABLED INDIVIDUALS.$0$69,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOE FINNEGANPresident-$0--
JENNIFER TERRIAHVice-President-$0--
PETER TERRIAHSecretary-$0--
MARSHA WATSONTreasurer-$0--
THOMAS CORNEAUDirector-$0--
CHERYL LABARGEDirector-$0--
WILLIAM HULLDirector-$0--
Filing and Contact Details

Filer

Filer Name
Grasse River Housing Corporation
EIN
16-1121595
Phone
3153933074
Address
1901 STATE HIGHWAY 345, MADRID, NY 13660

Signing Officer

Name
Stephen E Knight
Title
Chief Executive Office
Phone
3153933074
Signed
2016-09-27
Discuss with paid preparer
Yes

Preparer

Firm
Pinto Mucenski Hooper Vanhouse & Co
Address
42 MARKET STREET PO BOX 109, POTSDAM, NY 13676-0109
Preparer
Thomas Peet
Phone
3152656080
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 5. Description: dividend income. Amount: 2,837. Total included on form 990-ez, line 4: 2,842.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: laundry income . Amount: 439.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 9,193. Description: other expenses. Amount: 10,018. Total to form 990-ez, line 14: 19,211.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expense. Amount: 2,630. Description: supplies & materials. Amount: 2,896. Description: real estate taxes. Amount: 927. Description: insurance. Amount: 4,786. Description: advertising & marketing . Amount: 154. Total to form 990-ez, line 16: 11,393.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 4,011. End of year amount: 1,697. Description: investments. Beg. Of year amount: 75,434. End of year amount: 76,111. Description: accounts recievable. Beg. Of year amount: 6,676. End of year amount: 4,079. Description: other depreciable assets. Beg. Of year amount: 2,053. End of year amount: 3,385.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 3,941. End of year amount: 626. Description: security deposits. Beg. Of year amount: 1,959. End of year amount: 2,435.

Raw XML Appendix198 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOE FINNEGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JENNIFER TERRIAH
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARSHA WATSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4THOMAS CORNEAU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHERYL LABARGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6WILLIAM HULL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt088174
IRS990EZ/OtherAssetsTotalDetail/EOYAmt085272
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt011393
IRS990EZ/OtherRevenueTotalAmt0439
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS.
IRS990EZ/ProgramServiceRevenueAmt058259
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE CORPORATION OPERATES AN EIGHT UNIT APARTMENT BUILDING THAT PROVIDES HOUSING TO ELDERLY AND DISABLED INDIVIDUALS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt069200
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt033845
IRS990EZ/SaleOfAssetsGrossAmt04331
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05900
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03061
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt069008
IRS990EZ/TotalProgramServiceExpensesAmt069200
IRS990EZ/TotalRevenueAmt061349
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02841
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01560
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09875
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 5. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 2,837. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 2,842.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LAUNDRY INCOME . AMOUNT: 439.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 9,193. DESCRIPTION: OTHER EXPENSES. AMOUNT: 10,018. TOTAL TO FORM 990-EZ, LINE 14: 19,211.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: OFFICE EXPENSE. AMOUNT: 2,630. DESCRIPTION: SUPPLIES & MATERIALS. AMOUNT: 2,896. DESCRIPTION: REAL ESTATE TAXES. AMOUNT: 927. DESCRIPTION: INSURANCE. AMOUNT: 4,786. DESCRIPTION: ADVERTISING & MARKETING . AMOUNT: 154. TOTAL TO FORM 990-EZ, LINE 16: 11,393.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 4,011. END OF YEAR AMOUNT: 1,697. DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 75,434. END OF YEAR AMOUNT: 76,111. DESCRIPTION: ACCOUNTS RECIEVABLE. BEG. OF YEAR AMOUNT: 6,676. END OF YEAR AMOUNT: 4,079. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 2,053. END OF YEAR AMOUNT: 3,385.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3,941. END OF YEAR AMOUNT: 626. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 1,959. END OF YEAR AMOUNT: 2,435.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN E KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICE
ReturnHeader/BusinessOfficerGrp/PhoneNum03153933074
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRASSE RIVER HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GRAS
ReturnHeader/Filer/EIN0161121595
ReturnHeader/Filer/PhoneNum03153933074
ReturnHeader/Filer/USAddress/AddressLine1Txt01901 STATE HIGHWAY 345
ReturnHeader/Filer/USAddress/CityNm0MADRID
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013660
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161207215
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PINTO MUCENSKI HOOPER VANHOUSE & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt042 MARKET STREET PO BOX 109
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POTSDAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0136760109
ReturnHeader/PreparerPersonGrp/PhoneNum03152656080
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS PEET
ReturnHeader/ReturnTs02016-10-17T10:52:52-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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