Civic Intelligence

Shiloh 4 & 7 Housing Development Fund Corp

990 • Fiscal year 2019 • EIN 16-1491052

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 08, 2020

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

83rd percentile

0.81x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • NTEE P • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

7.07x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • NTEE P • $5M-$10M nonprofits • Source year 2019

Net Margin

7th percentile

-26%

Higher net margin than 7% of similar nonprofits.

2019 filings • NTEE P • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • NTEE P • $5M-$10M nonprofits • Source year 2019

Asset Growth

22nd percentile

-3.4%

Faster asset growth than 22% of similar nonprofits.

2019 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

68th percentile

9.9%

Faster revenue growth than 68% of similar nonprofits.

2019 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$9,371,222

Down $328,432 (-3.4%) from 2018

Net Assets

Down

$1,818,621

Down $280,103 (-13%) from 2018

Liabilities

Down

$7,552,601

Down $48,329 (-0.6%) from 2018

Revenue

Up

$1,068,298

Up $95,797 (+9.9%) from 2018

Expenses

Down

$1,348,401

Down $14,899 (-1.1%) from 2018

Net Income

Up

-$280,103

Up $110,696 (+28%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $755,039Liabilities 2010: $0Net Assets 2010: $755,0392010Assets 2011: $742,908Liabilities 2011: $0Net Assets 2011: $742,9082011Assets 2012: $11,973,265Liabilities 2012: $8,254,708Net Assets 2012: $3,718,5572012Assets 2013: $11,578,231Liabilities 2013: $8,280,311Net Assets 2013: $3,297,9202013Assets 2014: $11,152,025Liabilities 2014: $7,663,045Net Assets 2014: $3,488,9802014Assets 2015: $10,824,910Liabilities 2015: $7,658,362Net Assets 2015: $3,166,5482015Assets 2016: $10,495,910Liabilities 2016: $7,653,398Net Assets 2016: $2,842,5122016Assets 2017: $10,107,860Liabilities 2017: $7,618,337Net Assets 2017: $2,489,5232017Assets 2018: $9,699,654Liabilities 2018: $7,600,930Net Assets 2018: $2,098,7242018Assets 2019: $9,371,222Liabilities 2019: $7,552,601Net Assets 2019: $1,818,6212019Assets 2020: $9,031,867Liabilities 2020: $7,439,915Net Assets 2020: $1,591,9522020Assets 2021: $8,766,561Liabilities 2021: $7,471,783Net Assets 2021: $1,294,7782021Assets 2022: $8,589,590Liabilities 2022: $8,026,305Net Assets 2022: $563,2852022Assets 2023: $529,271Liabilities 2023: $296,062Net Assets 2023: $233,2092023Assets 2024: $217,563Liabilities 2024: $312,493Net Assets 2024: -$94,9302024

Highlighted filing

2019

Assets$9,371,222
Liabilities$7,552,601
Net Assets$1,818,621

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $3,8322010Expenses 2011: $17,3462011Expenses 2012: $718,3932012Revenue 2013: $873,791Expenses 2013: $1,298,719Net Income 2013: -$424,9282013Revenue 2014: $875,363Expenses 2014: $1,330,881Net Income 2014: -$455,5182014Revenue 2015: $957,865Expenses 2015: $1,280,297Net Income 2015: -$322,4322015Revenue 2016: $1,003,109Expenses 2016: $1,327,145Net Income 2016: -$324,0362016Revenue 2017: $967,818Expenses 2017: $1,320,807Net Income 2017: -$352,9892017Revenue 2018: $972,501Expenses 2018: $1,363,300Net Income 2018: -$390,7992018Revenue 2019: $1,068,298Expenses 2019: $1,348,401Net Income 2019: -$280,1032019Revenue 2020: $1,070,209Expenses 2020: $1,296,878Net Income 2020: -$226,6692020Revenue 2021: $1,021,479Expenses 2021: $1,282,835Net Income 2021: -$261,3562021Revenue 2022: $913,213Expenses 2022: $1,644,706Net Income 2022: -$731,4932022Revenue 2023: $1,071,110Expenses 2023: $1,369,822Net Income 2023: -$298,7122023Revenue 2024: $32,601Expenses 2024: $360,740Net Income 2024: -$328,1392024

Highlighted filing

2019

Revenue$1,068,298
Expenses$1,348,401
Net Income-$280,103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 8, 2020
Return Version
2019v5.1
Gross Receipts
$1,068,298
Mission and Program Overview

Mission

To Develop and Manage a Housing Project for Persons of Low Income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,792,882$7,347,811▼ $445,071
Cash and Non-Interest-Bearing Accounts$127,988$594,430▲ $466,442
Accounts Receivable$139,536$142,947▲ $3,411
Prepaid Expenses and Deferred Charges$31,312$32,139▲ $827
Total Assets$9,699,654$9,371,222▼ $328,432
Other Assets Total$1,607,936$1,253,895▼ $354,041
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,352,700$5,231,016▼ $121,684
Other Liabilities$1,857,110$1,933,713▲ $76,603
Accounts Payable and Accrued Expenses$391,120$387,872▼ $3,248
Total Liabilities$7,600,930$7,552,601▼ $48,329
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,280,451$1,227,405▼ $53,046
Net Assets Without Donor Restrictions$818,273$591,216▼ $227,057
Total Net Assets Fund Balance$2,098,724$1,818,621▼ $280,103
Total Liabilities and Net Assets / Fund Balance$9,699,654$9,371,222▼ $328,432

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,320,987$9,519,739$16,840,726
Equipment$26,824$302,230$329,054
Other Assets Org$11,250--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$80,839
Other Revenue
$987,459
Change in Net Assets
$-280,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,068,298
Total Revenue per Audited Statements
$1,068,298
Total Revenue per Form 990
$1,068,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,348,401
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$477,502--$477,502
Interest$125,285--$125,285
Insurance$42,312$1,355-$43,667
Other Expenses$8,025$9,579-$8,025
Total Functional Expenses$1,337,467$10,934$0$1,348,401

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,348,401
Total Expenses per Audited Statements$1,348,401
Total Expenses per Form 990$1,348,401
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Interest Payable$1,869,010
Tenant Security Deposits$64,703
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 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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

Organization has minutes to document all of it decisions.

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 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 Board members and all officers of the Organization are required to discloseany conflicts of interest situations.

Governing documents etc available to public Part VI line 19

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

Filing and Contact Details

Filer

Filer Name
Shiloh 4 and 7 Housing Development
EIN
16-1491052
Address
15 Pine Street, Buffalo, NY 14204
Doing Business As
Fund Corp

Signing Officer

Name
Jennifer L Washington
Title
Treasurer
Phone
7168546102
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Washington
Formed
1995
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/PrincipalOfficerNm0Jennifer Washington
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06874
IRS990/PYOtherExpensesAmt01363300
IRS990/PYOtherRevenueAmt0965627
IRS990/PYRevenuesLessExpensesAmt0-390799
IRS990/PYTotalExpensesAmt01363300
IRS990/PYTotalRevenueAmt0972501
IRS990/ReconcilationRevenueExpnssAmt0-280103
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0972223
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01068298
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/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0166001043
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1160743940
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0First Shiloh Church
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Bflo Urban League
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07320987
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09519739
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016840726
IRS990ScheduleD/EquipmentGrp/BookValueAmt026824
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0302230
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0329054
IRS990ScheduleD/ExpensesSubtotalAmt01348401
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01227405
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113164
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22076
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Deposits and Funded Rese
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Partnership Acquisition Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Utilities Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deferred Mortgage Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Capital Needs Assessment
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt064703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11869010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Interest Payable
IRS990ScheduleD/RevenueSubtotalAmt01068298
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07347811
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01253895
IRS990ScheduleD/TotalExpensesPerForm990Amt01348401
IRS990ScheduleD/TotalLiabilityAmt01933713
IRS990ScheduleD/TotalRevenuePerForm990Amt01068298
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01068298
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01348401
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization has minutes to document all of it decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization has minutes to document all of its decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization documents in its minutes all action items performed by committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The President and Treasurer reviews the 990 before it is filed. The Board of Directors monitors all conflict of interest situations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board members and all officers of the Organization are required to discloseany conflicts of interest situations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes the 990 available to the public upon request. The 990 and other public documents are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09699654
IRS990/TotalAssetsEOYAmt09371222
IRS990/TotalAssetsGrp/BOYAmt09699654
IRS990/TotalAssetsGrp/EOYAmt09371222
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01337467
IRS990/TotalFunctionalExpensesGrp/TotalAmt01348401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07600930
IRS990/TotalLiabilitiesEOYAmt07552601
IRS990/TotalLiabilitiesGrp/BOYAmt07600930
IRS990/TotalLiabilitiesGrp/EOYAmt07552601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02098724
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01818621
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01337467
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01068298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01068298
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09699654
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09371222
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015 Pine Street
IRS990/USAddress/CityNm0Buffalo
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014204
IRS990/VotingMembersGoverningBodyCnt012

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.22$0.31$0.09$0.03$0.36$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.30$0.23$1.07$1.37$0.30
2022Detailed filing. Detailed filing data is available for this year.$8.59$8.03$0.56$0.91$1.64$0.73
2021Detailed filing. Detailed filing data is available for this year.$8.77$7.47$1.29$1.02$1.28$0.26
2020Detailed filing. Detailed filing data is available for this year.$9.03$7.44$1.59$1.07$1.30$0.23
2019Detailed filing. Detailed filing data is available for this year.$9.37$7.55$1.82$1.07$1.35$0.28
2018Detailed filing. Detailed filing data is available for this year.$9.70$7.60$2.10$0.97$1.36$0.39
2017Detailed filing. Detailed filing data is available for this year.$10.1$7.62$2.49$0.97$1.32$0.35
2016Detailed filing. Detailed filing data is available for this year.$10.5$7.65$2.84$1.00$1.33$0.32
2015Detailed filing. Detailed filing data is available for this year.$10.8$7.66$3.17$0.96$1.28$0.32
2014Detailed filing. Detailed filing data is available for this year.$11.2$7.66$3.49$0.88$1.33$0.46
2013Detailed filing. Detailed filing data is available for this year.$11.6$8.28$3.30$0.87$1.30$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$8.25$3.72$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.00$0.74$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.76$0.00