Civic Intelligence

Schenectady Housing Development Fund Corporation

990EZ • Fiscal year 2023 • EIN 16-1524400

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 14, 2024

105 Jay Street Room 14Schenectady, NY 12305

(518) 382-5147

Siviq Scores

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

Liabilities / Assets

84th percentile

0.19x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.55x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

38th percentile

-5.2%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-20%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$57,831

Down $3,141 (-5.2%) from 2022

Net Assets

Up

$46,939

Up $13,076 (+39%) from 2022

Liabilities

Down

$10,892

Down $16,217 (-60%) from 2022

Revenue

Down

$19,832

Down $4,987 (-20%) from 2022

Expenses

Up

$6,756

Up $4,993 (+283%) from 2022

Net Income

Down

$13,076

Down $9,980 (-43%) from 2022

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

2023

Assets$57,831
Liabilities$10,892
Net Assets$46,939

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

2023

Revenue$19,832
Expenses$6,756
Net Income$13,076
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 14, 2024
Return Version
2023v5.0
Gross Receipts
$19,832
Mission and Program Overview

Mission

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

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

Program Services

DescriptionGrantsExpenses
HOME BUYERS ASSISTANCE PROGRAM WHICH PROVIDES FUNDS TO HOME BUYERS OF THE SCHENECTADY AREA WHEN OTHER FUNDING SOURCES ARE UNAVAILABLE.-$6,756
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MAURICE BROWNShdfc Direct-$0--
LAWRENCE T DAHLKE ESQChairman-$0--
CATHY LEWISVice Chairwo-$0--
MICHAEL KRYWINSKISecretary-$0--
MARION PORTERFIELDDirector-$0--
MADELYN THORNEDirector-$0--
FATHER DOMINIC ISOPODirector-$0--
MAYOR GARY MCCARTHYDirector-$0--
RON GARDNERDirector-$0--
HORACE PERRYMAN JRDirector-$0--
ANN PETERSONDirector-$0--
WILLIAM TEAGUEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Schenectady Housing Development
EIN
16-1524400
Phone
5183825147
Address
105 JAY STREET ROOM 14, SCHENECTADY, NY 12305

Signing Officer

Name
Maurice Brown
Title
Shdfc Director
Phone
5183825147
Signed
2024-06-14

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
John J Tafilowski CPA
Phone
5187863550
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank service charges 46 total 46

Form 990-ez, Part II, Line 24

Other loans receivable 26,881 10,660 total 26,881 10,660

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 228 232 deferred revenue 26,881 10,660

Form 990-ez, Part III

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

Raw XML Appendix168 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SCHENECTADY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MAURICE BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LAWRENCE T DAHLKE ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CATHY LEWIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MICHAEL KRYWINSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARION PORTERFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MADELYN THORNE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10ANN PETERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11WILLIAM TEAGUE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SHDFC DIRECT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt026881
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt059850
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0106500
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IRS990ScheduleA/TotalSupportAmt0228706
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK SERVICE CHARGES 46 TOTAL 46
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER LOANS RECEIVABLE 26,881 10,660 TOTAL 26,881 10,660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 228 232 DEFERRED REVENUE 26,881 10,660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HOME BUYERS ASSISTANCE PROGRAM WHICH PROVIDES FUNDS TO HOME BUYERS OF THE SCHENECTADY AREA WHEN OTHER FUNDING SOURCES ARE UNAVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MAURICE BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SHDFC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05183825147
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHENECTADY HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0161524400
ReturnHeader/Filer/PhoneNum05183825147
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 JAY STREET ROOM 14
ReturnHeader/Filer/USAddress/CityNm0SCHENECTADY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012305
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141800427
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CUSACK & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 AIRPORT PARK BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LATHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012110
ReturnHeader/PreparerPersonGrp/PhoneNum05187863550
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J TAFILOWSKI CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-06-14T14:06:40-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAURICE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BROWN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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