Civic Intelligence

First Shiloh 211 Housing Development Fund Corp

990 • Fiscal year 2016 • EIN 16-1453947

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 25, 2017

15 Pine StreetBuffalo, NY 14204

(716) 854-6102

Siviq Scores

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

Liabilities / Assets

80th percentile

1.17x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

10.65x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2016

Net Margin

13th percentile

-75%

Higher net margin than 13% of similar nonprofits.

2016 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2016 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2016

Asset Growth

14th percentile

-7.6%

Faster asset growth than 14% of similar nonprofits.

2016 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

0.9%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$3,541,876

Flat from 2016

Net Assets

Flat

-$609,362

Flat from 2016

Liabilities

Flat

$4,151,238

Flat from 2016

Revenue

Flat

$389,925

Flat from 2016

Expenses

Flat

$683,907

Flat from 2016

Net Income

Flat

-$293,982

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $5,201,692Liabilities 2010: $4,395,046Net Assets 2010: $806,6462010Assets 2011: $4,987,714Liabilities 2011: $4,448,318Net Assets 2011: $539,3962011Assets 2012: $4,729,686Liabilities 2012: $4,495,616Net Assets 2012: $234,0702012Assets 2013: $4,384,776Liabilities 2013: $4,204,765Net Assets 2013: $180,0112013Assets 2014: $4,169,574Liabilities 2014: $4,190,490Net Assets 2014: -$20,9162014Assets 2015: $3,832,473Liabilities 2015: $4,147,853Net Assets 2015: -$315,3802015Assets 2016: $3,541,876Liabilities 2016: $4,151,238Net Assets 2016: -$609,3622016Assets 2016: $3,541,876Liabilities 2016: $4,151,238Net Assets 2016: -$609,3622016Assets 2017: $3,250,274Liabilities 2017: $4,147,449Net Assets 2017: -$897,1752017Assets 2018: $2,986,454Liabilities 2018: $4,185,084Net Assets 2018: -$1,198,6302018Assets 2019: $2,768,631Liabilities 2019: $4,177,219Net Assets 2019: -$1,408,5882019Assets 2020: $2,501,201Liabilities 2020: $4,146,460Net Assets 2020: -$1,645,2592020Assets 2021: $2,232,128Liabilities 2021: $4,200,868Net Assets 2021: -$1,968,7402021Assets 2022: $2,080,290Liabilities 2022: $4,228,405Net Assets 2022: -$2,148,1152022Assets 2023: $400,382Liabilities 2023: $190,481Net Assets 2023: $209,9012023Assets 2024: $402,071Liabilities 2024: $246,372Net Assets 2024: $155,6992024

Highlighted filing

2016

Assets$3,541,876
Liabilities$4,151,238
Net Assets-$609,362

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $704,2432010Expenses 2011: $681,3362011Expenses 2012: $687,0592012Revenue 2013: $347,157Expenses 2013: $635,523Net Income 2013: -$288,3662013Revenue 2014: $395,381Expenses 2014: $676,605Net Income 2014: -$281,2242014Revenue 2015: $386,420Expenses 2015: $680,884Net Income 2015: -$294,4642015Revenue 2016: $389,925Expenses 2016: $683,907Net Income 2016: -$293,9822016Revenue 2016: $389,925Expenses 2016: $683,907Net Income 2016: -$293,9822016Revenue 2017: $398,897Expenses 2017: $686,710Net Income 2017: -$287,8132017Revenue 2018: $400,092Expenses 2018: $701,547Net Income 2018: -$301,4552018Revenue 2019: $477,104Expenses 2019: $687,062Net Income 2019: -$209,9582019Revenue 2020: $458,219Expenses 2020: $694,890Net Income 2020: -$236,6712020Revenue 2021: $468,063Expenses 2021: $739,895Net Income 2021: -$271,8322021Revenue 2022: $355,809Expenses 2022: $535,184Net Income 2022: -$179,3752022Revenue 2023: $488Expenses 2023: $128,242Net Income 2023: -$127,7542023Revenue 2024: $0Expenses 2024: $54,202Net Income 2024: -$54,2022024

Highlighted filing

2016

Revenue$389,925
Expenses$683,907
Net Income-$293,982
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 25, 2017
Return Version
2016v3.0
Gross Receipts
$389,925
Mission and Program Overview

Mission

To Provide Low Income Personsin WNY with Good Housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,015,254$1,815,534▼ $199,720
Cash and Non-Interest-Bearing Accounts$173,924$268,115▲ $94,191
Accounts Receivable$35,987$43,218▲ $7,231
Prepaid Expenses and Deferred Charges$11,781$13,002▲ $1,221
Savings and Temporary Cash Investments$10,411$413▼ $9,998
Total Assets$3,832,473$3,541,876▼ $290,597
Other Assets Total$1,585,116$1,401,594▼ $183,522
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,000,000$4,000,000→ $0
Accounts Payable and Accrued Expenses$147,853$151,238▲ $3,385
Total Liabilities$4,147,853$4,151,238▲ $3,385
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,579,076$1,395,554▼ $183,522
Unrestricted Net Assets$-1,894,456$-2,004,916▼ $110,460
Total Net Assets Fund Balance$-315,380$-609,362▼ $293,982
Total Liabilities and Net Assets / Fund Balance$3,832,473$3,541,876▼ $290,597

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,805,934$6,828,375$8,634,309
Equipment$9,600$147,944$157,544
Other Assets Org$6,040--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$9,955
Other Revenue
$379,970
Change in Net Assets
$-293,982

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,925
Total Revenue per Audited Statements
$389,925
Total Revenue per Form 990
$389,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$683,907
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$320,367--$320,367
Interest$40,000--$40,000
Insurance$16,252$1,130-$17,382
All Other Expenses-$5,000-$5,000
Other Expenses$3,110$8,350-$3,110
Total Functional Expenses$669,427$14,480$0$683,907

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$683,907
Total Expenses per Audited Statements$683,907
Total Expenses per Form 990$683,907
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

Organization has minutes to document all of its decisions.

Committee meeting documentation Part VI line 8B

Organization documents in its minutes all action items performed by committees.

Form 990 governing body review Part VI line 11

The President and the Treasurer reviews the 990 before it is filed. The Board of Directors monitors all conflict of interest situations.

Conflict of interest policy compliance Part VI line 12C

The Organization has adopted a conflict of interest policy. The Board members and allofficers of the Organization are required to disclose any conflict situation.

Governing documents etc available to public Part VI line 19

The 990 and other public documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Shiloh 211 Housing Development
EIN
16-1453947
Address
15 Pine Street, Buffalo, NY 14204
Doing Business As
Fund Corp

Signing Officer

Name
Jennifer L Washington
Title
Treasurer
Phone
7168546102
Signed
2017-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Williams
Formed
1992
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Conway Porter CPA PC
Address
5500 Main St Suite 219, Williamsville, NY 14221
Preparer
Conway Porter III
Phone
7166312277
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0389925
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010411
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0413
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The directors, trustees, or membership of one or more supported organization do nothave the power to regularly appoint or elect at least a majority of the organizationsdirectors or trustee at all times during the year
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Power to regularly appoint Part IV Sect B line 1
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0166001043
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0First Shiloh Baptist Church
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt05000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01805934
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06828375
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08634309
IRS990ScheduleD/EquipmentGrp/BookValueAmt09600
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147944
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0157544
IRS990ScheduleD/ExpensesSubtotalAmt0683907
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01395554
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16040
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Deposits & Funded Reserv
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Partnership Acquisition Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0389925
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01815534
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01401594
IRS990ScheduleD/TotalExpensesPerForm990Amt0683907
IRS990ScheduleD/TotalRevenuePerForm990Amt0389925
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0389925
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0683907
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization has minutes to document all of its decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization documents in its minutes all action items performed by committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President and the Treasurer reviews the 990 before it is filed. The Board of Directors monitors all conflict of interest situations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization has adopted a conflict of interest policy. The Board members and allofficers of the Organization are required to disclose any conflict situation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 and other public documents are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01579076
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01395554
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03832473
IRS990/TotalAssetsEOYAmt03541876
IRS990/TotalAssetsGrp/BOYAmt03832473
IRS990/TotalAssetsGrp/EOYAmt03541876
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014480
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0669427
IRS990/TotalFunctionalExpensesGrp/TotalAmt0683907
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04147853
IRS990/TotalLiabilitiesEOYAmt04151238
IRS990/TotalLiabilitiesGrp/BOYAmt04147853
IRS990/TotalLiabilitiesGrp/EOYAmt04151238
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-315380
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-609362
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0669427
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0389925
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0389925
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03832473
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03541876
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1894456
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2004916
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer L Washington
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07168546102
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0First Shiloh 211 Housing Development
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0161453947
ReturnHeader/Filer/USAddress/AddressLine1Txt015 Pine Street
ReturnHeader/Filer/USAddress/CityNm0Buffalo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014204
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06F13C3CDC8AA15A433863DADC0A718C811D48A68

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.25$0.16$0.00$0.05$0.05
2023Summary only. Only limited summary data is available for this year.$0.40$0.19$0.21$0.00$0.13$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$4.23$2.15$0.36$0.54$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$4.20$1.97$0.47$0.74$0.27
2020Summary only. Only limited summary data is available for this year.$2.50$4.15$1.65$0.46$0.69$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$4.18$1.41$0.48$0.69$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$4.19$1.20$0.40$0.70$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$4.15$0.90$0.40$0.69$0.29
2016Detailed filing. Detailed filing data is available for this year.$3.54$4.15$0.61$0.39$0.68$0.29
2016Summary only. Only limited summary data is available for this year.$3.54$4.15$0.61$0.39$0.68$0.29
2015Detailed filing. Detailed filing data is available for this year.$3.83$4.15$0.32$0.39$0.68$0.29
2014Summary only. Only limited summary data is available for this year.$4.17$4.19$0.02$0.40$0.68$0.28
2013Detailed filing. Detailed filing data is available for this year.$4.38$4.20$0.18$0.35$0.64$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$4.50$0.23$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$4.45$0.54$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$4.40$0.81$0.70