Civic Intelligence

Croghan Housing Development Fund

990 • Fiscal year 2018 • EIN 16-1190074

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 11, 2019

Snowbelt Housing 7500 S State StLowville, NY 13367

(315) 376-2639

Siviq Scores

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

Liabilities / Assets

50th percentile

0.03x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.14x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

64th percentile

7.5%

Faster asset growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

-0.2%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Flat

$749,129

Flat from 2018

Net Assets

Flat

$725,724

Flat from 2018

Liabilities

Flat

$23,405

Flat from 2018

Revenue

Flat

$166,871

Flat from 2018

Expenses

Flat

$129,234

Flat from 2018

Net Income

Flat

$37,637

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $740,310Liabilities 2011: $293,947Net Assets 2011: $446,3632011Assets 2012: $716,647Liabilities 2012: $256,224Net Assets 2012: $460,4232012Assets 2013: $721,213Liabilities 2013: $212,412Net Assets 2013: $508,8012013Assets 2014: $710,427Liabilities 2014: $164,917Net Assets 2014: $545,5102014Assets 2015: $710,443Liabilities 2015: $118,501Net Assets 2015: $591,9422015Assets 2016: $697,952Liabilities 2016: $56,668Net Assets 2016: $641,2842016Assets 2017: $696,720Liabilities 2017: $8,633Net Assets 2017: $688,0872017Assets 2018: $749,129Liabilities 2018: $23,405Net Assets 2018: $725,7242018Assets 2018: $749,129Liabilities 2018: $23,405Net Assets 2018: $725,7242018Assets 2019: $774,132Liabilities 2019: $5,981Net Assets 2019: $768,1512019Assets 2020: $802,580Liabilities 2020: $5,528Net Assets 2020: $797,0522020Assets 2021: $848,780Liabilities 2021: $12,191Net Assets 2021: $836,5892021Assets 2022: $886,751Liabilities 2022: $4,597Net Assets 2022: $882,1542022Assets 2023: $949,212Liabilities 2023: $4,529Net Assets 2023: $944,6832023

Highlighted filing

2018

Assets$749,129
Liabilities$23,405
Net Assets$725,724

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2011: $314,498Expenses 2011: $136,618Net Income 2011: $177,8802011Expenses 2012: $145,6452012Expenses 2013: $119,0652013Revenue 2014: $165,305Expenses 2014: $128,596Net Income 2014: $36,7092014Revenue 2015: $168,991Expenses 2015: $122,559Net Income 2015: $46,4322015Revenue 2016: $165,809Expenses 2016: $116,467Net Income 2016: $49,3422016Revenue 2017: $167,195Expenses 2017: $120,392Net Income 2017: $46,8032017Revenue 2018: $166,871Expenses 2018: $129,234Net Income 2018: $37,6372018Revenue 2018: $166,871Expenses 2018: $129,234Net Income 2018: $37,6372018Revenue 2019: $163,106Expenses 2019: $120,679Net Income 2019: $42,4272019Revenue 2020: $154,029Expenses 2020: $57,092Net Income 2020: $96,9372020Revenue 2021: $155,854Expenses 2021: $50,307Net Income 2021: $105,5472021Revenue 2022: $148,086Expenses 2022: $38,700Net Income 2022: $109,3862022Revenue 2023: $163,791Expenses 2023: $101,768Net Income 2023: $62,0232023

Highlighted filing

2018

Revenue$166,871
Expenses$129,234
Net Income$37,637
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 11, 2019
Return Version
2017v2.3
Gross Receipts
$166,871
Mission and Program Overview

Mission

SENIOR CITIZEN HOUSING.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$240,978$214,161▼ $26,817
Cash and Non-Interest-Bearing Accounts$33,784$45,650▲ $11,866
Prepaid Expenses and Deferred Charges$1,888$2,151▲ $263
Total Assets$696,720$749,129▲ $52,409
Other Assets Total$420,070$487,167▲ $67,097
Liabilities
Accounts Payable and Accrued Expenses$2,109$17,750▲ $15,641
Other Liabilities$5,737$5,627▼ $110
Deferred Revenue$787$28▼ $759
Total Liabilities$8,633$23,405▲ $14,772
Net Assets / Fund Balance
Unrestricted Net Assets$688,087$725,724▲ $37,637
Total Net Assets Fund Balance$688,087$725,724▲ $37,637
Total Liabilities and Net Assets / Fund Balance$696,720$749,129▲ $52,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$186,141$789,901$976,042
Equipment$18,025$109,882$127,907
Leasehold Improvements$634$37,510$38,144
Land$9,361-$9,361
Other Assets Org$5,627--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tony TaboltPresident
Bruce ChartrandVice President
Kermit MoserDirector
Marietta VirklerSecretary
Beverly BushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$163,572
Investment Income
$266
Other Revenue
$3,033
Change in Net Assets
$37,637

Audited Revenue Reconciliation

Revenue per Audited Statements
$166,871
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$166,871
Total Revenue per Form 990
$166,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,460
Salaries, Compensation, and Employee Benefits$4,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$37,218--$37,218
Fees for Services Other$27,242$3,750-$30,992
Fees for Services Management-$13,272-$13,272
Occupancy$9,795--$9,795
Fees for Services Accounting-$9,600-$9,600
Insurance$8,475--$8,475
Other Salaries and Wages-$4,774-$4,774
All Other Expenses$2,979$476-$3,455
Other Expenses$1,634$1,801-$1,634
Office Expenses-$778-$778
Advertising-$98-$98
Total Functional Expenses$94,685$34,549$0$129,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$129,234
Total Expenses per Audited Statements$129,234
Total Expenses per Form 990$129,234
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$5,627
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No

Governance Explanations

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

No review has been or will be performed by the board of directors.

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

Officers and directors are required to disclose with rural development any related party affiliations on an annual basis.

Form 990, Part VI, Section C, Line 19

Upon written request, information will be provided.

Filing and Contact Details

Filer

Filer Name
Croghan Housing Development Fund
EIN
16-1190074
Phone
3153762639
Address
SNOWBELT HOUSING 7500 S STATE ST, LOWVILLE, NY 13367

Signing Officer

Name
Tony Tabolt
Title
President
Phone
3153762639
Signed
2019-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Tabolt
Formed
1980
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
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 IX, Line 11G

Maintenance contract: program service expenses 27,242. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,242. Audit exp: program service expenses 0. Management and general expenses 3,750. Fundraising expenses 0. Total expenses 3,750.

Financial Statement Notes

PART X, LINE 2:

The company is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, therefore, no provision for income taxes is reflected in the financial statements. The company presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that the 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.

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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97630
IRS990ScheduleA/PublicSupportPY509Pct00.97650
IRS990ScheduleA/PublicSupportTotal509Amt0816168
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0163572
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0161293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0162307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0165528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0163468
IRS990ScheduleA/Total509Grp/TotalAmt0816168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0166871
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0167195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0165809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0168991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0167122
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0835988
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0186141
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0789901
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0976042
IRS990ScheduleD/EquipmentGrp/BookValueAmt018025
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0109882
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0127907
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0129234
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09361
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09361
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0634
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037510
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt038144
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0465173
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25627
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TAX & INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0166871
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT THE 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/TotalBookValueLandBuildingsAmt0214161
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0487167
IRS990ScheduleD/TotalExpensesPerForm990Amt0129234
IRS990ScheduleD/TotalLiabilityAmt05627
IRS990ScheduleD/TotalRevenuePerForm990Amt0166871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0166871
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0129234
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW HAS BEEN OR WILL BE PERFORMED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE WITH RURAL DEVELOPMENT ANY RELATED PARTY AFFILIATIONS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON WRITTEN REQUEST, INFORMATION WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MAINTENANCE CONTRACT: PROGRAM SERVICE EXPENSES 27,242. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,242. AUDIT EXP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,750.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0696720
IRS990/TotalAssetsEOYAmt0749129
IRS990/TotalAssetsGrp/BOYAmt0696720
IRS990/TotalAssetsGrp/EOYAmt0749129
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034549
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094685
IRS990/TotalFunctionalExpensesGrp/TotalAmt0129234
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08633
IRS990/TotalLiabilitiesEOYAmt023405
IRS990/TotalLiabilitiesGrp/BOYAmt08633
IRS990/TotalLiabilitiesGrp/EOYAmt023405
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0688087
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0725724
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt094685
IRS990/TotalProgramServiceRevenueAmt0163572
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03299
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0163572
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0166871
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0696720
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0749129
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0688087
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0725724
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0SNOWBELT HOUSING 7500 S STATE ST
IRS990/USAddress/CityNm0LOWVILLE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013367
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY TABOLT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03153762639
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CROGHAN HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0CROG
ReturnHeader/Filer/EIN0161190074
ReturnHeader/Filer/PhoneNum03153762639
ReturnHeader/Filer/USAddress/AddressLine1Txt0SNOWBELT HOUSING 7500 S STATE ST
ReturnHeader/Filer/USAddress/CityNm0LOWVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013367

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.49$0.05$9.45$1.64$1.02$0.62
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.87$0.05$8.82$1.48$0.39$1.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.49$0.12$8.37$1.56$0.50$1.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.03$0.06$7.97$1.54$0.57$0.97
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.74$0.06$7.68$1.63$1.21$0.42
2018Detailed filing. Detailed filing data is available for this year.$7.49$0.23$7.26$1.67$1.29$0.38
2018Summary only. Only limited summary data is available for this year.$7.49$0.23$7.26$1.67$1.29$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.97$0.09$6.88$1.67$1.20$0.47
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.98$0.57$6.41$1.66$1.16$0.49
2015Detailed filing. Detailed filing data is available for this year.$7.10$1.19$5.92$1.69$1.23$0.46
2014Detailed filing. Detailed filing data is available for this year.$7.10$1.65$5.46$1.65$1.29$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.21$2.12$5.09$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.17$2.56$4.60$1.46
2011Summary only. Only limited summary data is available for this year.$7.40$2.94$4.46$3.14$1.37$1.78