Civic Intelligence

Lyons Falls Housing Development Fund Company Inc.

990 • Fiscal year 2022 • EIN 16-1282067

Oct 01, 2021 to Sep 30, 2022 • Filed on Dec 08, 2022

Organization ProfileN/A
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

84th percentile

1.54x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

6.00x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Net Margin

87th percentile

57%

Higher net margin than 87% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-3.6%

Faster asset growth than 41% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-6.8%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$269,262

Down $9,947 (-3.6%) from 2021

Net Assets

Up

-$145,099

Up $1,998 (+1.4%) from 2021

Liabilities

Down

$414,361

Down $11,945 (-2.8%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin87th percentile

Revenue

Down

$69,078

Down $5,065 (-6.8%) from 2021

Expenses

Down

$29,672

Down $43,971 (-60%) from 2021

Net Income

Up

$39,406

Up $38,906 (+7781%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$500K$0-$500KAssets 2011: $245,399Liabilities 2011: $490,186Net Assets 2011: -$244,7872011Assets 2012: $225,387Liabilities 2012: $488,328Net Assets 2012: -$262,9412012Assets 2013: $192,347Liabilities 2013: $480,442Net Assets 2013: -$288,0952013Assets 2014: $157,143Liabilities 2014: $477,486Net Assets 2014: -$320,3432014Assets 2015: $167,346Liabilities 2015: $469,934Net Assets 2015: -$302,5882015Assets 2016: $160,268Liabilities 2016: $463,084Net Assets 2016: -$302,8162016Assets 2017: $167,370Liabilities 2017: $457,433Net Assets 2017: -$290,0632017Assets 2018: $301,060Liabilities 2018: $454,289Net Assets 2018: -$153,2292018Assets 2019: $289,135Liabilities 2019: $445,264Net Assets 2019: -$156,1292019Assets 2020: $288,848Liabilities 2020: $436,432Net Assets 2020: -$147,5842020Assets 2021: $279,209Liabilities 2021: $426,306Net Assets 2021: -$147,0972021Assets 2022: $269,262Liabilities 2022: $414,361Net Assets 2022: -$145,0992022Assets 2023: $270,452Liabilities 2023: $406,001Net Assets 2023: -$135,5492023

Highlighted filing

2022

Assets$269,262
Liabilities$414,361
Net Assets-$145,099
Open 2022 Filing

Operations Trend

Revenue Growth32nd percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $104,017Expenses 2011: $125,537Net Income 2011: -$21,5202011Expenses 2012: $122,8012012Expenses 2013: $126,0782013Revenue 2014: $107,958Expenses 2014: $140,206Net Income 2014: -$32,2482014Revenue 2015: $109,204Expenses 2015: $91,449Net Income 2015: $17,7552015Revenue 2016: $77,731Expenses 2016: $77,959Net Income 2016: -$2282016Revenue 2017: $78,121Expenses 2017: $65,368Net Income 2017: $12,7532017Revenue 2018: $76,410Expenses 2018: $84,079Net Income 2018: -$7,6692018Revenue 2019: $81,972Expenses 2019: $84,807Net Income 2019: -$2,8352019Revenue 2020: $73,931Expenses 2020: $71,563Net Income 2020: $2,3682020Revenue 2021: $74,143Expenses 2021: $73,643Net Income 2021: $5002021Revenue 2022: $69,078Expenses 2022: $29,672Net Income 2022: $39,4062022Revenue 2023: $80,043Expenses 2023: $70,134Net Income 2023: $9,9092023

Highlighted filing

2022

Revenue$69,078
Expenses$29,672
Net Income$39,406
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Dec 8, 2022
Return Version
2021v4.1
Gross Receipts
$69,078
Mission and Program Overview

Mission

Housing for Elderly & Handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$196,252$190,916▼ $5,336
Savings and Temporary Cash Investments$66,247$71,440▲ $5,193
Cash and Non-Interest-Bearing Accounts$16,710$6,969▼ $9,741
Accounts Receivable-$-63-
Total Assets$279,209$269,262▼ $9,947
Liabilities
Mortgage Notes Payable Secured by Investment Property$417,803$407,461▼ $10,342
Other Liabilities$6,144$6,144→ $0
Accounts Payable and Accrued Expenses$2,359$756▼ $1,603
Total Liabilities$426,306$414,361▼ $11,945
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-147,097$-145,099▲ $1,998
Total Net Assets Fund Balance$-147,097$-145,099▲ $1,998
Total Liabilities and Net Assets / Fund Balance$279,209$269,262▼ $9,947

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$966,449--
Land$3,000--
Equipment$25,133--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Donna DolhofPresident
James SkorupaVice President
David RoundsDirector
John SkorupaDirector
Mary Ellen McManusDirector
Thomas LaLondeDirector
Katie LyndakerSecretary
Katie LyndeckerSecretary
Robert TealTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$67,576
Investment Income
$18
Other Revenue
$1,484
Change in Net Assets
$39,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,672
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
Depreciation Depletion$11,263$0$0$11,263
Other Expenses$1,140$0$0$1,140
Total Functional Expenses$29,672$0$0$29,672
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
Security deposit held$5,612
Accrued interest$532
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Lyons Falls Housing Dev Fund CoInc
EIN
16-1282067
Phone
3153762639
Address
7500 S State St, Lowville, NY 13367
Doing Business As
Snowbelt Housing

Signing Officer

Name
Donna Dolhof
Title
President
Phone
3153762639
Signed
2022-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Rounds
Formed
1986
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
M R Gaebel
Address
PO BOX 69, CARTHAGE, NY 13619
Preparer
Gary E Rowe CPA
Phone
3154931862
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Related Party Information among officers: James Skorup VP and John Skorupa Director are brothers”

Pt VI, Line 11B

“Organization's process to review form 990. The 990 is reviewed by the board of directors at the annual meeting”

Pt VI, Line 19

“Governing Documents Disclosure Explanation Information is provided upon request.”

Other

“Part IX, Line 11G - Other fees for service: Maintenance and repairs: $13,750 (Program Service) - Audit and tax prep fees: $1,700 (Program Service)”

Financial Statement Notes

Pt X, Line 2

“Fin 48 Footnote”

Other

“The company is exempt from federal income taxes under section 501 (C)(3) of the Internal Revenue Code, hterefore, no provision for income tax 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 probably that a liability has been incurred for unrecognized income taxes. Management has concluded that the company has taken no uncertain tax positions that require adjustments in its financial statements. U.S. Forms 990 filed by the company are subject to examination by taxing authorities.”

Raw XML Appendix386 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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IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt025133
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt03000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposit held
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued interest
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fin 48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The company is exempt from federal income taxes under section 501 (C)(3) of the Internal Revenue Code, hterefore, no provision for income tax 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 probably that a liability has been incurred for unrecognized income taxes. Management has concluded that the company has taken no uncertain tax positions that require adjustments in its financial statements. U.S. Forms 990 filed by the company are subject to examination by taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0994582
IRS990ScheduleD/TotalLiabilityAmt06144
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Related Party Information among officers: James Skorup VP and John Skorupa Director are brothers
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's process to review form 990. The 990 is reviewed by the board of directors at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation Information is provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part IX, Line 11G - Other fees for service: Maintenance and repairs: $13,750 (Program Service) - Audit and tax prep fees: $1,700 (Program Service)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0279209
IRS990/TotalAssetsEOYAmt0269262
IRS990/TotalAssetsGrp/BOYAmt0279209
IRS990/TotalAssetsGrp/EOYAmt0269262
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt029672
IRS990/TotalFunctionalExpensesGrp/TotalAmt029672
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0426306
IRS990/TotalLiabilitiesEOYAmt0414361
IRS990/TotalLiabilitiesGrp/BOYAmt0426306
IRS990/TotalLiabilitiesGrp/EOYAmt0414361
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-147097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-145099
IRS990/TotalProgramServiceExpensesAmt029672
IRS990/TotalProgramServiceRevenueAmt067576
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt069078
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt069078
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0279209
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0269262
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt06966 Laura St
IRS990/USAddress/CityNm0Lyons Falls
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013368
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Donna Dolhof
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03153762639
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lyons Falls Housing Dev Fund CoInc
ReturnHeader/Filer/BusinessNameControlTxt0LYON
ReturnHeader/Filer/EIN0161282067
ReturnHeader/Filer/PhoneNum03153762639
ReturnHeader/Filer/USAddress/AddressLine1Txt07500 S State St
ReturnHeader/Filer/USAddress/CityNm0Lowville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013367
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161163906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M R GAEBEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 69
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARTHAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013619
ReturnHeader/PreparerPersonGrp/PhoneNum03154931862
ReturnHeader/PreparerPersonGrp/PreparationDt02023-01-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gary E Rowe CPA
ReturnHeader/ReturnTs02023-01-31T11:09:56-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Donna
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Dolhof
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$269,262
Liabilities
$414,361
Net assets
-$145,099
Revenue
$69,078
Expenses
$29,672
Net income
$39,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.70$4.06$1.36$0.80$0.70$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.69$4.14$1.45$0.69$0.30$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$4.26$1.47$0.74$0.74$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$4.36$1.48$0.74$0.72$0.02
2019Summary only. Only limited summary data is available for this year.$2.89$4.45$1.56$0.82$0.85$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$4.54$1.53$0.76$0.84$0.08
2017Summary only. Only limited summary data is available for this year.$1.67$4.57$2.90$0.78$0.65$0.13
2016Summary only. Only limited summary data is available for this year.$1.60$4.63$3.03$0.78$0.78$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.67$4.70$3.03$1.09$0.91$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.57$4.77$3.20$1.08$1.40$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$4.80$2.88$1.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$4.88$2.63$1.23
2011Summary only. Only limited summary data is available for this year.$2.45$4.90$2.45$1.04$1.26$0.22