Civic Intelligence

Shaarey Zedek Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 16-1554234

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

Organization ProfileN/A
410 Hartford RoadAmherst, NY 14226

(716) 834-3711

Siviq Scores

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

Liabilities / Assets

73rd percentile

1.28x

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

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

7.72x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

-4.7%

Higher net margin than 66% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Asset Growth

38th percentile

-2.9%

Faster asset growth than 38% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

1.9%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$2,937,206

Down $87,179 (-2.9%) from 2019

Net Assets

Down

-$824,313

Down $22,724 (-2.8%) from 2019

Liabilities

Down

$3,761,519

Down $64,455 (-1.7%) from 2019

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin66th percentile

Revenue

Up

$487,218

Up $9,219 (+1.9%) from 2019

Expenses

Down

$509,942

Down $10,924 (-2.1%) from 2019

Net Income

Up

-$22,724

Up $20,143 (+47%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,969,517Liabilities 2011: $4,222,776Net Assets 2011: -$253,2592011Assets 2012: $3,831,051Liabilities 2012: $4,184,515Net Assets 2012: -$353,4642012Assets 2013: $3,724,807Liabilities 2013: $4,146,789Net Assets 2013: -$421,9822013Assets 2014: $3,633,981Liabilities 2014: $4,114,864Net Assets 2014: -$480,8832014Assets 2015: $3,542,508Liabilities 2015: $4,075,687Net Assets 2015: -$533,1792015Assets 2016: $3,389,050Liabilities 2016: $4,016,152Net Assets 2016: -$627,1022016Assets 2017: $3,251,531Liabilities 2017: $3,933,904Net Assets 2017: -$682,3732017Assets 2018: $3,126,716Liabilities 2018: $3,885,438Net Assets 2018: -$758,7222018Assets 2019: $3,024,385Liabilities 2019: $3,825,974Net Assets 2019: -$801,5892019Assets 2020: $2,937,206Liabilities 2020: $3,761,519Net Assets 2020: -$824,3132020Assets 2021: $2,860,543Liabilities 2021: $3,703,368Net Assets 2021: -$842,8252021Assets 2022: $2,730,545Liabilities 2022: $3,654,347Net Assets 2022: -$923,8022022Assets 2023: $2,694,812Liabilities 2023: $3,660,017Net Assets 2023: -$965,2052023Assets 2024: $2,579,708Liabilities 2024: $3,607,572Net Assets 2024: -$1,027,8642024

Highlighted filing

2020

Assets$2,937,206
Liabilities$3,761,519
Net Assets-$824,313
Open 2020 Filing

Operations Trend

Revenue Growth47th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $408,180Expenses 2011: $521,697Net Income 2011: -$113,5172011Expenses 2012: $522,3352012Expenses 2013: $514,0672013Revenue 2014: $464,622Expenses 2014: $523,523Net Income 2014: -$58,9012014Revenue 2015: $461,032Expenses 2015: $513,328Net Income 2015: -$52,2962015Revenue 2016: $430,814Expenses 2016: $524,737Net Income 2016: -$93,9232016Revenue 2017: $461,297Expenses 2017: $516,568Net Income 2017: -$55,2712017Revenue 2018: $450,190Expenses 2018: $526,539Net Income 2018: -$76,3492018Revenue 2019: $477,999Expenses 2019: $520,866Net Income 2019: -$42,8672019Revenue 2020: $487,218Expenses 2020: $509,942Net Income 2020: -$22,7242020Revenue 2021: $498,988Expenses 2021: $517,500Net Income 2021: -$18,5122021Revenue 2022: $485,084Expenses 2022: $566,061Net Income 2022: -$80,9772022Revenue 2023: $514,706Expenses 2023: $556,109Net Income 2023: -$41,4032023Revenue 2024: $531,196Expenses 2024: $593,855Net Income 2024: -$62,6592024

Highlighted filing

2020

Revenue$487,218
Expenses$509,942
Net Income-$22,724
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$487,218
Mission and Program Overview

Mission

SENIOR HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,827,459$2,698,920▼ $128,539
Cash and Non-Interest-Bearing Accounts$40,890$59,448▲ $18,558
Prepaid Expenses and Deferred Charges$14,943$14,884▼ $59
Accounts Receivable$3,778$2,069▼ $1,709
Total Assets$3,024,385$2,937,206▼ $87,179
Other Assets Total$137,315$161,885▲ $24,570
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,819,597$1,820,806▲ $1,209
Tax Exempt Bond Liabilities$1,855,000$1,795,000▼ $60,000
Other Liabilities$132,106$134,160▲ $2,054
Accounts Payable and Accrued Expenses$19,271$11,553▼ $7,718
Total Liabilities$3,825,974$3,761,519▼ $64,455
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-801,589$-824,313▼ $22,724
Total Net Assets Fund Balance$-801,589$-824,313▼ $22,724
Total Liabilities and Net Assets / Fund Balance$3,024,385$2,937,206▼ $87,179

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,540,556$2,490,639$5,031,195
Land$135,000-$135,000
Equipment$15,021$119,116$134,137
Other Land Buildings$5,434$34,150$39,584
Leasehold Improvements$2,909$13,461$16,370
Other Assets Org$40,507--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Harvey S KardamanChairman of the Board
Steven R JacobsPresident
David WilliamsDirector
Edward DrozenDirector
Erwin WeinsteinDirector
Harvey PodolskyDirector
Mitchell SteinhornDirector
Richard ZakalikDirector
Steven LippaSecretary
Herbert ScheerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$476,913
Investment Income
$1,782
Other Revenue
$8,523
Change in Net Assets
$-22,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$487,218
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$487,218
Total Revenue per Form 990
$487,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$449,269
Salaries, Compensation, and Employee Benefits$60,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$150,127--$150,127
Interest$131,059--$131,059
Other Salaries and Wages$23,823$26,563-$50,386
Fees for Services Management-$31,789-$31,789
Occupancy$25,600--$25,600
Advertising-$20,286-$20,286
Insurance$19,197--$19,197
All Other Expenses$5,050$12,015-$17,065
Fees for Services Other$2,599$6,258-$8,857
Other Expenses$6,583--$6,583
Other Employee Benefits-$6,432-$6,432
Payroll Taxes$1,773$2,082-$3,855
Office Expenses-$1,420-$1,420
Total Functional Expenses$403,097$106,845$0$509,942

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,942
Total Expenses per Audited Statements$509,942
Total Expenses per Form 990$509,942
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Development Fee Payable$93,653
TENANTS' SECURITY DEPOSITS$40,507
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Episcopal community housing is the management agent responsible for day-to-day operations including marketing and resident processing, maintenance and repairs, rent collection and accounting duties, tenant relations and lease enforcement, as outlined in the management agreement. All salaries, employee benefits, and payroll taxes are reimbursed by the company to the management agent to pay for services provided by its employees.”

Form 990, Part VI, Section A, Line 8B

“NO SUCH COMMITTEES.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed and signed by the board president.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Shaarey Zedek Housing Development
EIN
16-1554234
Phone
7168343711
Address
410 HARTFORD ROAD, AMHERST, NY 14226

Signing Officer

Name
Steven R Jacobs
Title
President
Phone
7168343711
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven R Jacobs
Formed
1985
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended june 30, 2020.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the 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 or 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. U.s. Forms 990 filed by the corporation are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 483 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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IRS990/OtherExpensesGrp/ProgramServicesAmt111417
IRS990/OtherExpensesGrp/ProgramServicesAmt29340
IRS990/OtherExpensesGrp/ProgramServicesAmt36583
IRS990/OtherExpensesGrp/TotalAmt016529
IRS990/OtherExpensesGrp/TotalAmt111417
IRS990/OtherExpensesGrp/TotalAmt29340
IRS990/OtherExpensesGrp/TotalAmt36583
IRS990/OtherLiabilitiesGrp/BOYAmt0132106
IRS990/OtherLiabilitiesGrp/EOYAmt0134160
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt05652
IRS990/OtherRevenueMiscGrp/ExclusionAmt12871
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05652
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12871
IRS990/OtherRevenueTotalAmt08523
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026563
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023823
IRS990/OtherSalariesAndWagesGrp/TotalAmt050386
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02082
IRS990/PayrollTaxesGrp/ProgramServicesAmt01773
IRS990/PayrollTaxesGrp/TotalAmt03855
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014943
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014884
IRS990/PrincipalOfficerNm0STEVEN R JACOBS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0476913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0476913
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02608
IRS990/PYOtherExpensesAmt0462142
IRS990/PYOtherRevenueAmt05733
IRS990/PYProgramServiceRevenueAmt0469658
IRS990/PYRevenuesLessExpensesAmt0-42867
IRS990/PYSalariesCompEmpBnftPaidAmt058724
IRS990/PYTotalExpensesAmt0520866
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0477999
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-22724
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0476913
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01782
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02608
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0476913
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0469658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0443639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0456078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0425447
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02271735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02608
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05713
IRS990ScheduleA/InvestmentIncomeCYPct00.00250
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08523
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05733
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05422
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05061
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05331
IRS990ScheduleA/OtherIncome509Grp/TotalAmt030070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98450
IRS990ScheduleA/PublicSupportPY509Pct00.98690
IRS990ScheduleA/PublicSupportTotal509Amt02271735
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0476913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0469658
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0443639
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0456078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0425447
IRS990ScheduleA/Total509Grp/TotalAmt02271735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0487218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0477999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0450190
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0461297
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0430814
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02307518
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02540556
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02490639
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05031195
IRS990ScheduleD/EquipmentGrp/BookValueAmt015021
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119116
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134137
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0509942
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0135000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0135000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02909
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013461
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016370
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt043688
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt136521
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt341147
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt440507
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITAL & MAINTENANCE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEBT SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TAX & INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05434
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034150
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt093653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140507
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEVELOPMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0487218
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE 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 OR 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. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02698920
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0161885
IRS990ScheduleD/TotalExpensesPerForm990Amt0509942
IRS990ScheduleD/TotalLiabilityAmt0134160
IRS990ScheduleD/TotalRevenuePerForm990Amt0487218
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0487218
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0509942
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EPISCOPAL COMMUNITY HOUSING IS THE MANAGEMENT AGENT RESPONSIBLE FOR DAY-TO-DAY OPERATIONS INCLUDING MARKETING AND RESIDENT PROCESSING, MAINTENANCE AND REPAIRS, RENT COLLECTION AND ACCOUNTING DUTIES, TENANT RELATIONS AND LEASE ENFORCEMENT, AS OUTLINED IN THE MANAGEMENT AGREEMENT. ALL SALARIES, EMPLOYEE BENEFITS, AND PAYROLL TAXES ARE REIMBURSED BY THE COMPANY TO THE MANAGEMENT AGENT TO PAY FOR SERVICES PROVIDED BY ITS EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED AND SIGNED BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED JUNE 30, 2020.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,937,206
Liabilities
$3,761,519
Net assets
-$824,313
Revenue
$487,218
Expenses
$509,942
Net income
-$22,724
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$3.61$1.03$0.53$0.59$0.06
2023Summary only. Only limited summary data is available for this year.$2.69$3.66$0.97$0.51$0.56$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$3.65$0.92$0.49$0.57$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$3.70$0.84$0.50$0.52$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.94$3.76$0.82$0.49$0.51$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$3.83$0.80$0.48$0.52$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$3.89$0.76$0.45$0.53$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$3.93$0.68$0.46$0.52$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.39$4.02$0.63$0.43$0.52$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.54$4.08$0.53$0.46$0.51$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.63$4.11$0.48$0.46$0.52$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$4.15$0.42$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$4.18$0.35$0.52
2011Summary only. Only limited summary data is available for this year.$3.97$4.22$0.25$0.41$0.52$0.11