Civic Intelligence

Finger Lakes Community Development Corporation

990 • Fiscal year 2016 • EIN 16-1561999

Jan 01, 2016 to Dec 31, 2016 • Filed on May 23, 2017

Organization ProfileWWW.GENEVAHOUSINGAUTHORITY.COM
41 Lewis StreetGeneva, NY 14456

(315) 789-8010

Siviq Scores

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

Liabilities / Assets

49th percentile

0.45x

Higher debt load relative to assets than 49% of similar nonprofits.

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

Liabilities / Revenue

38th percentile

0.86x

Higher debt load relative to revenue than 38% of similar nonprofits.

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

Net Margin

90th percentile

79%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$181,374

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

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

Asset Growth

96th percentile

77%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

94th percentile

380%

Faster revenue growth than 94% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$4,223,538

Up $1,841,746 (+77%) from 2015

Net Assets

Up

$2,312,452

Up $1,755,705 (+315%) from 2015

Liabilities

Up

$1,911,086

Up $86,041 (+4.7%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin90th percentile

Revenue

Up

$2,224,935

Up $1,761,889 (+380%) from 2015

Expenses

Up

$469,230

Up $66,898 (+17%) from 2015

Net Income

Up

$1,755,705

Up $1,694,991 (+2792%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $901,203Liabilities 2011: $316,852Net Assets 2011: $584,3512011Assets 2012: $955,877Liabilities 2012: $368,940Net Assets 2012: $586,9372012Assets 2013: $962,364Liabilities 2013: $474,844Net Assets 2013: $487,5202013Assets 2014: $1,249,313Liabilities 2014: $753,280Net Assets 2014: $496,0332014Assets 2015: $2,381,792Liabilities 2015: $1,825,045Net Assets 2015: $556,7472015Assets 2016: $4,223,538Liabilities 2016: $1,911,086Net Assets 2016: $2,312,4522016Assets 2017: $4,218,663Liabilities 2017: $1,945,880Net Assets 2017: $2,272,7832017Assets 2018: $3,844,829Liabilities 2018: $1,117,250Net Assets 2018: $2,727,5792018Assets 2019: $3,362,756Liabilities 2019: $485,637Net Assets 2019: $2,877,1192019Assets 2020: $3,389,526Liabilities 2020: $470,092Net Assets 2020: $2,919,4342020Assets 2021: $2,952,773Liabilities 2021: $331,537Net Assets 2021: $2,621,2362021Assets 2022: $2,963,867Liabilities 2022: $481,980Net Assets 2022: $2,481,8872022Assets 2023: $2,716,165Liabilities 2023: $275,593Net Assets 2023: $2,440,5722023Assets 2024: $2,567,875Liabilities 2024: $280,180Net Assets 2024: $2,287,6952024

Highlighted filing

2016

Assets$4,223,538
Liabilities$1,911,086
Net Assets$2,312,452
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $207,8092011Expenses 2012: $199,4532012Revenue 2013: $280,144Expenses 2013: $391,779Net Income 2013: -$111,6352013Revenue 2014: $277,465Expenses 2014: $268,952Net Income 2014: $8,5132014Revenue 2015: $463,046Expenses 2015: $402,332Net Income 2015: $60,7142015Revenue 2016: $2,224,935Expenses 2016: $469,230Net Income 2016: $1,755,7052016Revenue 2017: $745,758Expenses 2017: $785,427Net Income 2017: -$39,6692017Revenue 2018: $1,077,438Expenses 2018: $622,642Net Income 2018: $454,7962018Revenue 2019: $799,134Expenses 2019: $649,594Net Income 2019: $149,5402019Revenue 2020: $711,480Expenses 2020: $669,165Net Income 2020: $42,3152020Revenue 2021: $653,218Expenses 2021: $691,202Net Income 2021: -$37,9842021Revenue 2022: $616,723Expenses 2022: $756,060Net Income 2022: -$139,3372022Revenue 2023: $736,471Expenses 2023: $777,772Net Income 2023: -$41,3012023Revenue 2024: $729,595Expenses 2024: $882,460Net Income 2024: -$152,8652024

Highlighted filing

2016

Revenue$2,224,935
Expenses$469,230
Net Income$1,755,705
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 23, 2017
Return Version
2016v3.0
Gross Receipts
$2,224,935
Mission and Program Overview

Mission

Public need/low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$471$1,978,351▲ $1,977,880
Accounts Receivable$1,027,775$903,780▼ $123,995
Other Notes and Loans Receivable, Net$105,956$106,456▲ $500
Savings and Temporary Cash Investments$200,000$100,267▼ $99,733
Cash and Non-Interest-Bearing Accounts$1,300$42,331▲ $41,031
Prepaid Expenses and Deferred Charges$1,735$1,992▲ $257
Total Assets$2,381,792$4,223,538▲ $1,841,746
Other Assets Total$1,044,555$1,090,361▲ $45,806
Liabilities
Deferred Revenue$890,284$731,296▼ $158,988
Mortgage Notes Payable Secured by Investment Property$378,347$674,500▲ $296,153
Other Liabilities$478,132$452,792▼ $25,340
Accounts Payable and Accrued Expenses$78,282$52,498▼ $25,784
Total Liabilities$1,825,045$1,911,086▲ $86,041
Net Assets / Fund Balance
Unrestricted Net Assets$556,747$2,312,452▲ $1,755,705
Total Net Assets Fund Balance$556,747$2,312,452▲ $1,755,705
Total Liabilities and Net Assets / Fund Balance$2,381,792$4,223,538▲ $1,841,746

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,949,547$37,253$1,986,800
Land$28,400-$28,400
Equipment$404$3,582$3,986
Other Assets Org$554,804--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Dominick VedoraPresident
Mary Lou PresuttiVice President
Anthony ValentinoDirector
Glenda Doris MyersDirector
James DevaneyDirector
Jeff RokowDirector
Joseph FragnoliDirector
Robert AnaniaDirector
Andrew R TymanC.e.o./c.f.o.
John Parrott JrSecretary
James VedoraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,665,200
Program Service Revenue
$494,271
Investment Income
$213
Other Revenue
$65,251
All Other Contributions
$1,665,200
Change in Net Assets
$1,755,705

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,665,200Fair Market Value (FMV)
Total Noncash Contributions1$1,665,200-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,224,935
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,224,935
Total Revenue per Form 990
$2,224,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$255,016
Other Expenses$214,214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$184,653$38,616-$223,269
Depreciation Depletion$37,320--$37,320
Fees for Services Legal-$22,336-$22,336
Interest$19,974--$19,974
Payroll Taxes$14,988$3,134-$18,122
Fees for Services Management$16,580--$16,580
Other Employee Benefits$11,268$2,357-$13,625
Other Expenses$93,595$11,516-$11,516
Insurance$7,418--$7,418
Fees for Services Other-$4,500-$4,500
Travel-$704-$704
Office Expenses-$271-$271
Total Functional Expenses$385,796$83,434$0$469,230

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$469,230
Total Expenses per Audited Statements$469,230
Total Expenses per Form 990$469,230
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$319,647
Line of Credit$129,000
Due to Related Party$4,145
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The board's president, dominick vedora, is the father of the board's treasurer, james vedora.”

Form 990, Part VI, Section A, Line 3

“The corporation has entered into an agreement with geneva housing authority, a related party, whereby the authority shall be the managing agent and the property manager for the apartment complex.”

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

“No review was or will be conducted.”

Form 990, Part VI, Section B, Line 15A

“By examining salaries of comparably sized housing agencies and governmental organizations.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Finger Lakes Community Development
EIN
16-1561999
Phone
3157898010
Address
41 LEWIS STREET, GENEVA, NY 14456

Signing Officer

Name
Dominick Vedora
Title
President
Phone
3157898010
Signed
2017-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dominick Vedora
Formed
1999
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
11
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
JOHN T O'BRIEN
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended december 31, 2016.”

Financial Statement Notes

PART X, LINE 2:

“Flcdc and lyceum iii are exempt from income taxes under section 501(c)(3) of the internal revenue code, therefore, no provision for income taxes is reflected in the accompanying financial statements. Flrc is a for-profit corporation subject to federal and state income tax. Flrc currently does not have operations. Accordingly, no provision for income taxes is reflected in the accompanying financial statements. Flcdc, flrc, and lyceum iii presently disclose or recognize income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that flcdc and flrc have taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the flcdc are subject to examination by taxing authorities.”

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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt054551
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt01665200
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0271
IRS990/OfficeExpensesGrp/TotalAmt0271
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01044555
IRS990/OtherAssetsTotalGrp/EOYAmt01090361
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02357
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011268
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013625
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011516
IRS990/OtherExpensesGrp/ProgramServicesAmt093595
IRS990/OtherExpensesGrp/TotalAmt093595
IRS990/OtherExpensesGrp/TotalAmt111516
IRS990/OtherLiabilitiesGrp/BOYAmt0478132
IRS990/OtherLiabilitiesGrp/EOYAmt0452792
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt010700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010700
IRS990/OtherRevenueTotalAmt010700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038616
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0184653
IRS990/OtherSalariesAndWagesGrp/TotalAmt0223269
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0105956
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0106456
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03134
IRS990/PayrollTaxesGrp/ProgramServicesAmt014988
IRS990/PayrollTaxesGrp/TotalAmt018122
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01735
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01992
IRS990/PrincipalOfficerNm0DOMINICK VEDORA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2531310
IRS990/ProgramServiceRevenueGrp/Desc0PAYROLL & EXPENSE REIM
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPERS FEE
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0274477
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1158988
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0274477
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1158988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260806
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0500
IRS990/PYOtherExpensesAmt0153876
IRS990/PYOtherRevenueAmt01656
IRS990/PYProgramServiceRevenueAmt0460890
IRS990/PYRevenuesLessExpensesAmt060714
IRS990/PYSalariesCompEmpBnftPaidAmt0248456
IRS990/PYTotalExpensesAmt0402332
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0463046
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01755705
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt054551
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0494271
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100267
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01665200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01667400
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt054764
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02176
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt059318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0494271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0460890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0273346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0278766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0197120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01704393
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt054764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02176
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt059318
IRS990ScheduleA/InvestmentIncomeCYPct00.01720
IRS990ScheduleA/InvestmentIncomePYPct00.00340
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010697
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01656
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03619
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0543
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016515
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97800
IRS990ScheduleA/PublicSupportPY509Pct00.97560
IRS990ScheduleA/PublicSupportTotal509Amt03371793
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02159471
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0460890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0273346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0278766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0199320
IRS990ScheduleA/Total509Grp/TotalAmt03371793
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02224932
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0463046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0277465
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0280144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0202039
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03447626
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01949547
IRS990ScheduleD/BuildingsGrp/DepreciationAmt037253
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01986800
IRS990ScheduleD/EquipmentGrp/BookValueAmt0404
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03582
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03986
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0469230
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt028400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0535557
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1554804
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EQUITY INVESTMENT IN LIMITED PARTNERSHIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0319647
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2129000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEVELOPMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02224935
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FLCDC AND LYCEUM III ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FLRC IS A FOR-PROFIT CORPORATION SUBJECT TO FEDERAL AND STATE INCOME TAX. FLRC CURRENTLY DOES NOT HAVE OPERATIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FLCDC, FLRC, AND LYCEUM III PRESENTLY DISCLOSE OR RECOGNIZE INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT FLCDC AND FLRC HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FLCDC ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01978351
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01090361
IRS990ScheduleD/TotalExpensesPerForm990Amt0469230
IRS990ScheduleD/TotalLiabilityAmt0452792
IRS990ScheduleD/TotalRevenuePerForm990Amt02224935
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02224935
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0469230
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,223,538
Liabilities
$1,911,086
Net assets
$2,312,452
Revenue
$2,224,935
Expenses
$469,230
Net income
$1,755,705
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.28$2.29$0.73$0.88$0.15
2023Summary only. Only limited summary data is available for this year.$2.72$0.28$2.44$0.74$0.78$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.48$2.48$0.62$0.76$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.33$2.62$0.65$0.69$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.47$2.92$0.71$0.67$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$0.49$2.88$0.80$0.65$0.15
2018Summary only. Only limited summary data is available for this year.$3.84$1.12$2.73$1.08$0.62$0.45
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$1.95$2.27$0.75$0.79$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.22$1.91$2.31$2.22$0.47$1.76
2015Summary only. Only limited summary data is available for this year.$2.38$1.83$0.56$0.46$0.40$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.75$0.50$0.28$0.27$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.47$0.49$0.28$0.39$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.37$0.59$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.32$0.58$0.21