Civic Intelligence

Sepp Management Company Inc.

990 • Fiscal year 2014 • EIN 16-1399415

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

53 Front Street13905

(607) 723-8989

Siviq Scores

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

Liabilities / Assets

60th percentile

0.19x

Higher debt load relative to assets than 60% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Net Margin

80th percentile

18%

Higher net margin than 80% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$540,423

Up $56,263 (+12%) from 2013

Net Assets

Up

$437,545

Up $119,598 (+38%) from 2013

Liabilities

Down

$102,878

Down $63,335 (-38%) from 2013

Revenue

$681,869

No earlier filing loaded for comparison.

Expenses

Up

$562,271

Up $43,173 (+8.3%) from 2013

Net Income

$119,598

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $515,762Liabilities 2012: $157,067Net Assets 2012: $358,6952012Assets 2013: $484,160Liabilities 2013: $166,213Net Assets 2013: $317,9472013Assets 2014: $540,423Liabilities 2014: $102,878Net Assets 2014: $437,5452014Assets 2015: $386,969Liabilities 2015: $136,226Net Assets 2015: $250,7432015Assets 2016: $365,459Liabilities 2016: $124,339Net Assets 2016: $241,1202016Assets 2017: $375,096Liabilities 2017: $81,224Net Assets 2017: $293,8722017Assets 2018: $531,275Liabilities 2018: $94,501Net Assets 2018: $436,7742018Assets 2019: $958,918Liabilities 2019: $113,752Net Assets 2019: $845,1662019Assets 2020: $1,189,165Liabilities 2020: $303,705Net Assets 2020: $885,4602020Assets 2021: $1,244,766Liabilities 2021: $135,107Net Assets 2021: $1,109,6592021Assets 2022: $1,041,665Liabilities 2022: $112,373Net Assets 2022: $929,2922022Assets 2023: $1,052,192Liabilities 2023: $131,239Net Assets 2023: $920,9532023Assets 2024: $1,211,657Liabilities 2024: $160,079Net Assets 2024: $1,051,5782024

Highlighted filing

2014

Assets$540,423
Liabilities$102,878
Net Assets$437,545

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $470,7192012Expenses 2013: $519,0982013Revenue 2014: $681,869Expenses 2014: $562,271Net Income 2014: $119,5982014Revenue 2015: $537,140Expenses 2015: $723,942Net Income 2015: -$186,8022015Revenue 2016: $623,182Expenses 2016: $632,805Net Income 2016: -$9,6232016Revenue 2017: $646,924Expenses 2017: $594,172Net Income 2017: $52,7522017Revenue 2018: $636,877Expenses 2018: $493,975Net Income 2018: $142,9022018Revenue 2019: $1,006,642Expenses 2019: $598,250Net Income 2019: $408,3922019Revenue 2020: $735,059Expenses 2020: $694,765Net Income 2020: $40,2942020Revenue 2021: $951,075Expenses 2021: $726,876Net Income 2021: $224,1992021Revenue 2022: $532,055Expenses 2022: $712,422Net Income 2022: -$180,3672022Revenue 2023: $754,751Expenses 2023: $763,090Net Income 2023: -$8,3392023Revenue 2024: $858,183Expenses 2024: $727,558Net Income 2024: $130,6252024

Highlighted filing

2014

Revenue$681,869
Expenses$562,271
Net Income$119,598
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$681,869
Mission and Program Overview

Mission

Manages low-income housing projects.

Manages low income housing projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$234,560$212,160▼ $22,400
Cash and Non-Interest-Bearing Accounts$181,081$97,536▼ $83,545
Investments Other Securities$10,000$10,000→ $0
Prepaid Expenses and Deferred Charges$5,112$4,595▼ $517
Intangible Assets$4,721$3,383▼ $1,338
Total Assets$484,160$540,423▲ $56,263
Other Assets Total$48,686$212,749▲ $164,063
Liabilities
Mortgage Notes Payable Secured by Investment Property$121,213$70,878▼ $50,335
Accounts Payable and Accrued Expenses$45,000$32,000▼ $13,000
Total Liabilities$166,213$102,878▼ $63,335
Net Assets / Fund Balance
Unrestricted Net Assets$317,947$437,545▲ $119,598
Total Net Assets Fund Balance$317,947$437,545▲ $119,598
Total Liabilities and Net Assets / Fund Balance$484,160$540,423▲ $56,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$168,887$160,073$328,960
Equipment$43,273$135,414$178,687
Other Land Buildings$0$17,913$17,913
Other Assets Org$212,749--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$170,613
Program Service Revenue
$470,643
Investment Income
$18
Other Revenue
$40,595
Change in Net Assets
$119,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$681,869
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$681,869
Total Revenue per Form 990
$681,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$362,802
Other Expenses$198,919
Grants and Similar Amounts Paid$550
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,158$44,145-$294,303
Other Employee Benefits$34,131$6,023-$40,154
Fees for Services Other$25,739$4,542-$30,281
Office Expenses$22,448$3,962-$26,410
Depreciation Depletion$20,177$3,561-$23,738
All Other Expenses$18,894$3,334-$22,228
Payroll Taxes$16,549$2,920-$19,469
Occupancy$12,747$2,250-$14,997
Conferences and Meetings$11,144$1,967-$13,111
Advertising$8,312$1,467-$9,779
Pension Plan Contributions$7,545$1,331-$8,876
Other Expenses$7,162$1,264-$8,426
Insurance$5,073$895-$5,968
Interest$3,700$653-$4,353
Fees for Services Legal$3,264$576-$3,840
Travel$2,176$384-$2,560
Fees for Services Accounting$694$123-$817
Grants to Domestic Orgs$550--$550
Total Functional Expenses$478,012$84,259$0$562,271

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$562,271
Total Expenses per Audited Statements$562,271
Total Expenses per Form 990$562,271
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The cpa prepares the form 990 which is then given to the governing body for final review. After final review, the form 990 is then processed and filed.

Form 990, Part VI, Section C, Line 19

The organization makes it governing documents available to the public upon request in a hard copy form kept at the place of business.

Filing and Contact Details

Filer

EIN
16-1399415
Phone
6077238989

Signing Officer

Name
Anthony Fiala
Title
Project Manager
Phone
6077238989
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Fiala
Formed
1990
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
24
Volunteers
0

Preparer

Preparer
JOHN T O'BRIEN
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990 PART XII LINE 2C:

No changes have taken place during the fiscal year ended june 30, 2014.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from 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 corporation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The corporation presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the corporation has taken no uncertain tax positions that require adjustment in its financial statements. Us forms 990 filed by the corporation are subject to examination by taxing authorities. The corporation is no longer subject to tax examination for the years ended june 30, 2010 and prior.

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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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IRS990/MissionDesc0MANAGES LOW-INCOME HOUSING PROJECTS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0437545
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02250
IRS990/OccupancyGrp/ProgramServicesAmt012747
IRS990/OccupancyGrp/TotalAmt014997
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03962
IRS990/OfficeExpensesGrp/ProgramServicesAmt022448
IRS990/OfficeExpensesGrp/TotalAmt026410
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048686
IRS990/OtherAssetsTotalGrp/EOYAmt0212749
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06023
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034131
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040154
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2AUTO EXPENSES
IRS990/OtherExpensesGrp/Desc3FEES & MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02137
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11387
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21338
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31264
IRS990/OtherExpensesGrp/ProgramServicesAmt012109
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IRS990/OtherExpensesGrp/ProgramServicesAmt27579
IRS990/OtherExpensesGrp/ProgramServicesAmt37162
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IRS990/OtherExpensesGrp/TotalAmt28917
IRS990/OtherExpensesGrp/TotalAmt38426
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0250158
IRS990/OtherSalariesAndWagesGrp/TotalAmt0294303
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02920
IRS990/PayrollTaxesGrp/ProgramServicesAmt016549
IRS990/PayrollTaxesGrp/TotalAmt019469
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01331
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07545
IRS990/PensionPlanContributionsGrp/TotalAmt08876
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0ANTHONY FIALA
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1219985
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
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IRS990/PYSalariesCompEmpBnftPaidAmt0291300
IRS990/PYTotalExpensesAmt0519098
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RelatedEntityInd01
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt030
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0681869
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0485375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0437700
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0596813
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02680107
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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