Civic Intelligence

Hermon Housing Development Fund Co Inc

990 • Fiscal year 2016 • EIN 16-1312766

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

103 Canton StreetHermon, NY 13652

(315) 393-3074

Siviq Scores

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

Liabilities / Assets

94th percentile

1.13x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

5.84x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

26th percentile

-4.8%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

4.5%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$572,314

Down $29,125 (-4.8%) from 2015

Net Assets

Down

-$73,995

Down $23,198 (-46%) from 2015

Liabilities

Down

$646,309

Down $5,927 (-0.9%) from 2015

Revenue

Up

$110,676

Up $4,776 (+4.5%) from 2015

Expenses

Up

$133,874

Up $3,102 (+2.4%) from 2015

Net Income

Up

-$23,198

Up $1,674 (+6.7%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $691,840Liabilities 2010: $678,649Net Assets 2010: $13,1912010Assets 2011: $698,446Liabilities 2011: $678,386Net Assets 2011: $20,0602011Assets 2012: $675,312Liabilities 2012: $668,164Net Assets 2012: $7,1482012Assets 2013: $651,766Liabilities 2013: $661,451Net Assets 2013: -$9,6852013Assets 2014: $632,580Liabilities 2014: $658,505Net Assets 2014: -$25,9252014Assets 2015: $601,439Liabilities 2015: $652,236Net Assets 2015: -$50,7972015Assets 2016: $572,314Liabilities 2016: $646,309Net Assets 2016: -$73,9952016Assets 2017: $536,686Liabilities 2017: $636,806Net Assets 2017: -$100,1202017Assets 2018: $512,552Liabilities 2018: $627,430Net Assets 2018: -$114,8782018Assets 2019: $491,664Liabilities 2019: $619,220Net Assets 2019: -$127,5562019Assets 2020: $474,200Liabilities 2020: $610,250Net Assets 2020: -$136,0502020Assets 2021: $467,849Liabilities 2021: $595,083Net Assets 2021: -$127,2342021Assets 2022: $476,315Liabilities 2022: $593,998Net Assets 2022: -$117,6832022Assets 2023: $530,125Liabilities 2023: $636,779Net Assets 2023: -$106,6542023Assets 2024: $520,168Liabilities 2024: $625,213Net Assets 2024: -$105,0452024

Highlighted filing

2016

Assets$572,314
Liabilities$646,309
Net Assets-$73,995

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $110,6822010Expenses 2011: $124,0372011Revenue 2012: $108,966Expenses 2012: $121,878Net Income 2012: -$12,9122012Revenue 2013: $108,645Expenses 2013: $125,478Net Income 2013: -$16,8332013Revenue 2014: $109,602Expenses 2014: $125,842Net Income 2014: -$16,2402014Revenue 2015: $105,900Expenses 2015: $130,772Net Income 2015: -$24,8722015Revenue 2016: $110,676Expenses 2016: $133,874Net Income 2016: -$23,1982016Revenue 2017: $116,324Expenses 2017: $142,449Net Income 2017: -$26,1252017Revenue 2018: $119,296Expenses 2018: $134,054Net Income 2018: -$14,7582018Revenue 2019: $119,029Expenses 2019: $131,707Net Income 2019: -$12,6782019Revenue 2020: $119,922Expenses 2020: $128,416Net Income 2020: -$8,4942020Revenue 2021: $122,337Expenses 2021: $113,521Net Income 2021: $8,8162021Revenue 2022: $123,870Expenses 2022: $114,319Net Income 2022: $9,5512022Revenue 2023: $137,369Expenses 2023: $126,340Net Income 2023: $11,0292023Revenue 2024: $141,151Expenses 2024: $139,542Net Income 2024: $1,6092024

Highlighted filing

2016

Revenue$110,676
Expenses$133,874
Net Income-$23,198
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$110,676
Mission and Program Overview

Mission

Provide sixteen (16) units of one-bedroom housing to low income elderly.

Provide sixteen (16) units of one-bedroom housing to low income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$504,960$476,353▼ $28,607
Savings and Temporary Cash Investments$78,032$77,447▼ $585
Cash and Non-Interest-Bearing Accounts$12,665$13,427▲ $762
Prepaid Expenses and Deferred Charges$4,792$4,920▲ $128
Accounts Receivable$350$167▼ $183
Total Assets$601,439$572,314▼ $29,125
Other Assets Total$640--
Liabilities
Mortgage Notes Payable Secured by Investment Property$645,701$638,454▼ $7,247
Accounts Payable and Accrued Expenses$5,895$6,917▲ $1,022
Escrow Account Liability$640$938▲ $298
Total Liabilities$652,236$646,309▼ $5,927
Net Assets / Fund Balance
Unrestricted Net Assets$-50,797$-73,995▼ $23,198
Total Net Assets Fund Balance$-50,797$-73,995▼ $23,198
Total Liabilities and Net Assets / Fund Balance$601,439$572,314▼ $29,125

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$403,179$447,013$850,192
Equipment$41,488$79,328$120,816
Leasehold Improvements$10,902$40,898$51,800
Other Land Buildings$17,751$20,239$37,990
Land$3,033-$3,033
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen AllenPresident
Barbara WoodrowDirector
Connie GreenDirector
Dwayne BlandinDirector
Jane DoironSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$109,569
Investment Income
$73
Other Revenue
$1,034
Change in Net Assets
$-23,198
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,874
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$40,562--$40,562
Occupancy$28,069--$28,069
Fees for Services Other$23,973--$23,973
Interest$11,090--$11,090
Fees for Services Management-$10,752-$10,752
Fees for Services Accounting-$8,946-$8,946
Insurance-$7,259-$7,259
Office Expenses$2,006--$2,006
Advertising$388--$388
Fees for Services Legal-$175-$175
Other Expenses$317$50-$50
Conferences and Meetings$13--$13
Total Functional Expenses$106,418$27,456$0$133,874
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

The organization pays a fee to the united helpers management company for administrative and fiscal services

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

The board of directors reviews and approves form 990 prior to submission.

Form 990, Part VI, Section C, Line 18

The organization provides copies of its 1023 and 990 upon request at the united helpers management company.

Form 990, Part VI, Section C, Line 19

The organization provides copies of its governing documents and financial statements upon request at the united helpers management company.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Jane doiron - po box 44, hermon, ny 13652. Connie green - 639 cr 19, hermon, ny 13652. Barbara woodrow - 1272 pond road, hermon, ny 13652. Stephen allen - 1644 county route 21, hermon, ny 13652. Dwayne blandin - 133 miles road, hermon, ny 13652.

Filing and Contact Details

Filer

Filer Name
Hermon Housing Development Fund Inc
EIN
16-1312766
Phone
3153933074
Address
103 CANTON STREET, HERMON, NY 13652
Doing Business As
Mcbrier Park Manor

Signing Officer

Name
James E Morrison
Title
Director of Finance
Phone
3153933074
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen E Knight
Formed
1987
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

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, Part IX, Line 11G

Maintenance and repairs: program service expenses 23,973. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,973.

FORM 990, PART XII, LINE 2C:

No change from prior year

Financial Statement Notes

PART IV, LINE 2B:

TENANT SECURITY DEPOSITS

Raw XML Appendix397 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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IRS990ScheduleA/Total509Grp/TotalAmt0536687
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0110676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0105900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0109602
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0108645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0108966
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0543789
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0403179
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0447013
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0850192
IRS990ScheduleD/EquipmentGrp/BookValueAmt041488
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079328
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0120816
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt03033
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03033
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010902
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040898
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt051800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017751
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020239
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037990
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0476353
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PAYS A FEE TO THE UNITED HELPERS MANAGEMENT COMPANY FOR ADMINISTRATIVE AND FISCAL SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS AND APPROVES FORM 990 PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES COPIES OF ITS 1023 AND 990 UPON REQUEST AT THE UNITED HELPERS MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST AT THE UNITED HELPERS MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JANE DOIRON - PO BOX 44, HERMON, NY 13652. CONNIE GREEN - 639 CR 19, HERMON, NY 13652. BARBARA WOODROW - 1272 POND ROAD, HERMON, NY 13652. STEPHEN ALLEN - 1644 COUNTY ROUTE 21, HERMON, NY 13652. DWAYNE BLANDIN - 133 MILES ROAD, HERMON, NY 13652.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MAINTENANCE AND REPAIRS: PROGRAM SERVICE EXPENSES 23,973. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,973.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGE FROM PRIOR YEAR
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 C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0601439
IRS990/TotalAssetsEOYAmt0572314
IRS990/TotalAssetsGrp/BOYAmt0601439
IRS990/TotalAssetsGrp/EOYAmt0572314
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027456
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106418
IRS990/TotalFunctionalExpensesGrp/TotalAmt0133874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0652236
IRS990/TotalLiabilitiesEOYAmt0646309
IRS990/TotalLiabilitiesGrp/BOYAmt0652236
IRS990/TotalLiabilitiesGrp/EOYAmt0646309
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-50797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-73995
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0106418
IRS990/TotalProgramServiceRevenueAmt0109569
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt073
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0110603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110676
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0601439
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0572314
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-50797
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-73995
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0103 CANTON STREET
IRS990/USAddress/CityNm0HERMON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013652
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.UNITEDHELPERS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES E MORRISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum03153933074
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERMON HOUSING DEVELOPMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0HERM
ReturnHeader/Filer/EIN0161312766
ReturnHeader/Filer/PhoneNum03153933074
ReturnHeader/Filer/USAddress/AddressLine1Txt0103 CANTON STREET
ReturnHeader/Filer/USAddress/CityNm0HERMON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013652
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0006C5DF4B3E30129C6A6CCB015BDD45A718B6D63
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02B7EC1EBFA990F5E4AF2687A3EB070269251404E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.23.97.107
ReturnHeader/FilingSecurityInformation/IPDt02017-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm008:25:39
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/PreparationDt02017-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS PEET
ReturnHeader/ReturnTs02017-11-10T10:56:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.20$6.25$1.05$1.41$1.40$0.02
2023Detailed filing. Detailed filing data is available for this year.$5.30$6.37$1.07$1.37$1.26$0.11
2022Detailed filing. Detailed filing data is available for this year.$4.76$5.94$1.18$1.24$1.14$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.68$5.95$1.27$1.22$1.14$0.09
2020Detailed filing. Detailed filing data is available for this year.$4.74$6.10$1.36$1.20$1.28$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.92$6.19$1.28$1.19$1.32$0.13
2018Detailed filing. Detailed filing data is available for this year.$5.13$6.27$1.15$1.19$1.34$0.15
2017Detailed filing. Detailed filing data is available for this year.$5.37$6.37$1.00$1.16$1.42$0.26
2016Detailed filing. Detailed filing data is available for this year.$5.72$6.46$0.74$1.11$1.34$0.23
2015Detailed filing. Detailed filing data is available for this year.$6.01$6.52$0.51$1.06$1.31$0.25
2014Detailed filing. Detailed filing data is available for this year.$6.33$6.59$0.26$1.10$1.26$0.16
2013Detailed filing. Detailed filing data is available for this year.$6.52$6.61$0.10$1.09$1.25$0.17
2012Summary only. Only limited summary data is available for this year.$6.75$6.68$0.07$1.09$1.22$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.98$6.78$0.20$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.92$6.79$0.13$1.11