Civic Intelligence

Schenectady Housing Development Fund Corporation

990EZ • Fiscal year 2016 • EIN 16-1524400

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 13, 2017

105 Jay StreetSchenectady, NY 12305

(518) 382-5147

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.69x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

0.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

84th percentile

47%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

91st percentile

77%

Faster revenue growth than 91% of similar nonprofits.

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

Assets

Up

$64,226

Up $20,570 (+47%) from 2015

Net Assets

Up

$19,610

Up $10,432 (+114%) from 2015

Liabilities

Up

$44,616

Up $10,138 (+29%) from 2015

Revenue

Up

$101,089

Up $44,004 (+77%) from 2015

Expenses

Up

$90,657

Up $34,062 (+60%) from 2015

Net Income

Up

$10,432

Up $9,942 (+2029%) from 2015

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $73,998Liabilities 2010: $60,906Net Assets 2010: $13,0922010Assets 2011: $57,539Liabilities 2011: $43,433Net Assets 2011: $14,1062011Assets 2012: $49,749Liabilities 2012: $43,956Net Assets 2012: $5,7932012Assets 2013: $47,661Liabilities 2013: $30,147Net Assets 2013: $17,5142013Assets 2014: $45,096Liabilities 2014: $36,408Net Assets 2014: $8,6882014Assets 2015: $43,656Liabilities 2015: $34,478Net Assets 2015: $9,1782015Assets 2016: $64,226Liabilities 2016: $44,616Net Assets 2016: $19,6102016Assets 2017: $44,494Liabilities 2017: $32,555Net Assets 2017: $11,9392017Assets 2018: $80,788Liabilities 2018: $52,268Net Assets 2018: $28,5202018Assets 2019: $97,565Liabilities 2019: $65,171Net Assets 2019: $32,3942019Assets 2020: $66,544Liabilities 2020: $53,265Net Assets 2020: $13,2792020Assets 2021: $57,323Liabilities 2021: $46,516Net Assets 2021: $10,8072021Assets 2022: $60,972Liabilities 2022: $27,109Net Assets 2022: $33,8632022Assets 2023: $57,831Liabilities 2023: $10,892Net Assets 2023: $46,9392023Assets 2024: $72,335Liabilities 2024: $8,609Net Assets 2024: $63,7262024

Highlighted filing

2016

Assets$64,226
Liabilities$44,616
Net Assets$19,610

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $97,877Expenses 2010: $105,693Net Income 2010: -$7,8162010Revenue 2011: $63,955Expenses 2011: $62,941Net Income 2011: $1,0142011Revenue 2012: $35,747Expenses 2012: $44,060Net Income 2012: -$8,3132012Revenue 2013: $50,729Expenses 2013: $39,008Net Income 2013: $11,7212013Revenue 2014: $85,257Expenses 2014: $94,083Net Income 2014: -$8,8262014Revenue 2015: $57,085Expenses 2015: $56,595Net Income 2015: $4902015Revenue 2016: $101,089Expenses 2016: $90,657Net Income 2016: $10,4322016Revenue 2017: $24,402Expenses 2017: $32,073Net Income 2017: -$7,6712017Revenue 2018: $172,388Expenses 2018: $155,807Net Income 2018: $16,5812018Revenue 2019: $126,045Expenses 2019: $122,171Net Income 2019: $3,8742019Revenue 2020: $90,909Expenses 2020: $110,024Net Income 2020: -$19,1152020Revenue 2021: $85,606Expenses 2021: $88,078Net Income 2021: -$2,4722021Revenue 2022: $24,819Expenses 2022: $1,763Net Income 2022: $23,0562022Revenue 2023: $19,832Expenses 2023: $6,756Net Income 2023: $13,0762023Revenue 2024: $17,646Expenses 2024: $858Net Income 2024: $16,7882024

Highlighted filing

2016

Revenue$101,089
Expenses$90,657
Net Income$10,432
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 13, 2017
Return Version
2016v3.0
Gross Receipts
$101,089
Mission and Program Overview

Mission

Home buyers assistance program which provides funds to home buyers of the schenectady area when other funding sources are unavailable.

The Organization was formed for the purpose of developing and providing housing for low and\or moderate income persons in the City of Schenectady.

Program Services

DescriptionGrantsExpenses
Home buyers assistance program which provides funds to home buyers of the Schenectady area when other funding sources are unavailable.$86,382-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marion PorterfieldDirector-$0--
Madelyn ThorneDirector-$0--
Father Dominic IsopoDirector-$0--
Mayor Gary McCarthyDirector-$0--
Cathy LewisVice Chairwoman-$0--
Horace Perryman JrDirector-$0--
Ann PetersenDirector-$0--
Lawrence T Dahlke EsqChairman-$0--
Sharon JordonDirector-$0--
Michael KrywinskiSecretary-$0--
Ahmad YusufiShdfc Director-$0--
Filing and Contact Details

Filer

Filer Name
Schenectady Housing Development
EIN
16-1524400
Phone
5183825147
Address
105 Jay Street, Schenectady, NY 12305

Signing Officer

Name
Ahmad Yusufi
Title
SHDFC Director
Signed
2017-02-13
Discuss with paid preparer
Yes

Preparer

Firm
Lubbe & Hosey CPAs PC
Address
187 Wolf Road Suite 305, Albany, NY 12205
Preparer
Steven J Lubbe
Phone
5184549355
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: Brittney Desmond | Donee's Address: 726 Rankin Avenue Schenectady NY 12308 | Relationship of Donee: None | Cash Amount Given: $7500

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: Travis & Rachael Woronowicz | Donee's Address: 822 Woodlawn Avenue Schenectady NY 12309 | Cash Amount Given: $7500

Grants and Similar Amounts Paid In Excess of $5,000.4

| Donee's Name: Karena Blackmon | Donee's Address: 1568 Carrie Street Schenectady NY 12308 | Cash Amount Given: $6375

Grants and Similar Amounts Paid In Excess of $5,000.6

| Donee's Name: Dwayne Hughes | Donee's Address: 1560 Carrie Street Schenectady NY 12308 | Cash Amount Given: $6375

Grants and Similar Amounts Paid In Excess of $5,000.8

| Donee's Name: Christian Borrero & Cydmane Gonzalez | Donee's Address: 235 Robinson Street Schenectady NY 12304 | Cash Amount Given: $6375

Grants and Similar Amounts Paid In Excess of $5,000.9

| Donee's Name: Silas Finn | Donee's Address: 416 Chiswell Road Schenectady NY 12304 | Cash Amount Given: $5733

Grants and Similar Amounts Paid In Excess of $5,000.10

| Donee's Name: William Webster | Donee's Address: 1061 Lexington Avenue Schenectady NY 12309 | Cash Amount Given: $5025

Grants and Similar Amounts Paid In Excess of $5,000.11

| Donee's Name: Leo Kendall Reed Jr | Donee's Address: 1111 Ardsley Road Schenectady NY 12308 | Cash Amount Given: $7500

Other Expenses.1

Loans made $21461

Other Expenses.2

Miscellaneous $538

Other Assets.1009

Notes and Loans Receivable - Beginning $34265 Notes and Loans Receivable - Ending $44401

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $213 Accounts Payable and Accrued Expenses - Ending $215

Total Liabilities.1003

Deferred Revenue - Beginning $34265 Deferred Revenue - Ending $44401

Raw XML Appendix198 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Brittney Desmond | Donee's Address: 726 Rankin Avenue Schenectady NY 12308 | Relationship of Donee: None | Cash Amount Given: $7500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: Travis & Rachael Woronowicz | Donee's Address: 822 Woodlawn Avenue Schenectady NY 12309 | Cash Amount Given: $7500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Donee's Name: Karena Blackmon | Donee's Address: 1568 Carrie Street Schenectady NY 12308 | Cash Amount Given: $6375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Donee's Name: Dwayne Hughes | Donee's Address: 1560 Carrie Street Schenectady NY 12308 | Cash Amount Given: $6375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4| Donee's Name: Christian Borrero & Cydmane Gonzalez | Donee's Address: 235 Robinson Street Schenectady NY 12304 | Cash Amount Given: $6375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5| Donee's Name: Silas Finn | Donee's Address: 416 Chiswell Road Schenectady NY 12304 | Cash Amount Given: $5733
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6| Donee's Name: William Webster | Donee's Address: 1061 Lexington Avenue Schenectady NY 12309 | Cash Amount Given: $5025
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7| Donee's Name: Leo Kendall Reed Jr | Donee's Address: 1111 Ardsley Road Schenectady NY 12308 | Cash Amount Given: $7500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Loans made $21461
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Miscellaneous $538
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Notes and Loans Receivable - Beginning $34265 Notes and Loans Receivable - Ending $44401
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Payable and Accrued Expenses - Beginning $213 Accounts Payable and Accrued Expenses - Ending $215
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Deferred Revenue - Beginning $34265 Deferred Revenue - Ending $44401
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Grants and Similar Amounts Paid In Excess of $5,000.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Grants and Similar Amounts Paid In Excess of $5,000.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Grants and Similar Amounts Paid In Excess of $5,000.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Grants and Similar Amounts Paid In Excess of $5,000.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Grants and Similar Amounts Paid In Excess of $5,000.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Grants and Similar Amounts Paid In Excess of $5,000.11
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Ahmad Yusufi
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Schenectady Housing Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Fund Corporation
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ReturnHeader/Filer/EIN0161524400
ReturnHeader/Filer/PhoneNum05183825147
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 Jay Street
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ReturnHeader/Filer/USAddress/ZIPCd012305
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0187 Wolf Road Suite 305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albany
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184549355
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven J Lubbe
ReturnHeader/ReturnTs02017-02-13T08:51:56-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.72$0.09$0.64$0.18$0.01$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.11$0.47$0.20$0.07$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.27$0.34$0.25$0.02$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.47$0.11$0.86$0.88$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.53$0.13$0.91$1.10$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.65$0.32$1.26$1.22$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.52$0.29$1.72$1.56$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.33$0.12$0.24$0.32$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.64$0.45$0.20$1.01$0.91$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.34$0.09$0.57$0.57$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.36$0.09$0.85$0.94$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.48$0.30$0.18$0.51$0.39$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.44$0.06$0.36$0.44$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.43$0.14$0.64$0.63$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.61$0.13$0.98$1.06$0.08