Civic Intelligence

Finger Lakes Community Development Corporation

990 • Fiscal year 2018 • EIN 16-1561999

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 24, 2019

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

41st percentile

0.29x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

1.04x

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

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$192,878

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Asset Growth

7th percentile

-8.9%

Faster asset growth than 7% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

44%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets41st percentile

Assets

Flat

$3,844,829

Flat from 2018

Net Assets

Flat

$2,727,579

Flat from 2018

Liabilities

Flat

$1,117,250

Flat from 2018

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin89th percentile

Revenue

Flat

$1,077,438

Flat from 2018

Expenses

Flat

$622,642

Flat from 2018

Net Income

Flat

$454,796

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth7th 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 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

2018

Assets$3,844,829
Liabilities$1,117,250
Net Assets$2,727,579
Open 2018 Filing

Operations Trend

Revenue Growth91st 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 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

2018

Revenue$1,077,438
Expenses$622,642
Net Income$454,796
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 24, 2019
Return Version
2018v3.1
Gross Receipts
$1,077,438
Mission and Program Overview

Mission

Public need/low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,019,685$2,027,811▲ $8,126
Accounts Receivable$983,608$480,031▼ $503,577
Savings and Temporary Cash Investments$200,468$200,468→ $0
Other Notes and Loans Receivable, Net$106,956$107,456▲ $500
Prepaid Expenses and Deferred Charges$2,736$8,220▲ $5,484
Cash and Non-Interest-Bearing Accounts$62,939$3,656▼ $59,283
Total Assets$4,218,663$3,844,829▼ $373,834
Other Assets Total$842,271$1,017,187▲ $174,916
Liabilities
Mortgage Notes Payable Secured by Investment Property$636,813$550,777▼ $86,036
Deferred Revenue$766,251$309,074▼ $457,177
Other Liabilities$507,407$211,504▼ $295,903
Accounts Payable and Accrued Expenses$35,409$45,895▲ $10,486
Total Liabilities$1,945,880$1,117,250▼ $828,630
Net Assets / Fund Balance
Unrestricted Net Assets$2,272,783$2,727,579▲ $454,796
Total Net Assets Fund Balance$2,272,783$2,727,579▲ $454,796
Total Liabilities and Net Assets / Fund Balance$4,218,663$3,844,829▼ $373,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,849,680$139,755$1,989,435
Leasehold Improvements$148,120$10,128$158,248
Land$28,400-$28,400
Equipment$1,611$1,877$3,488
Other Assets Org$554,651--
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Dominick VedoraPresident
Mary Lou PresuttiVice President
Anthony ValentinoDirector
Glenda Doris MyersDirector
James DevaneyDirector
Joe CirencioneDirector
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
$0
Program Service Revenue
$1,075,734
Investment Income
$500
Other Revenue
$1,204
Change in Net Assets
$454,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$356,364
Other Expenses$266,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$271,814$40,351-$312,165
Depreciation Depletion$60,807--$60,807
Fees for Services Management$42,008--$42,008
Payroll Taxes$22,049$3,275-$25,324
Interest$24,479--$24,479
Fees for Services Legal-$20,171-$20,171
Other Employee Benefits$16,434$2,441-$18,875
Insurance$7,357--$7,357
Fees for Services Other-$5,625-$5,625
Other Expenses$4,800$10,320-$4,800
Office Expenses-$390-$390
Total Functional Expenses$540,069$82,573$0$622,642
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
Line of Credit$194,000
Due to Related Party$17,504
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
No
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
2019-10-24
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
16
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

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.”

Raw XML AppendixShowing 400 of 663 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
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt035409
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt045895
IRS990/AccountsReceivableGrp/BOYAmt0983608
IRS990/AccountsReceivableGrp/EOYAmt0480031
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PUBLIC NEED/LOW-INCOME HOUSING.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ANDREW R TYMAN CEOCFO
IRS990/BooksInCareOfDetail/PhoneNum03157898010
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt041 LEWIS STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0GENEVA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014456
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt062939
IRS990/CashNonInterestBearingGrp/EOYAmt03656
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0500
IRS990/CYOtherExpensesAmt0266278
IRS990/CYOtherRevenueAmt01204
IRS990/CYProgramServiceRevenueAmt01075734
IRS990/CYRevenuesLessExpensesAmt0454796
IRS990/CYSalariesCompEmpBnftPaidAmt0356364
IRS990/CYTotalExpensesAmt0622642
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01077438
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0766251
IRS990/DeferredRevenueGrp/EOYAmt0309074
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt060807
IRS990/DepreciationDepletionGrp/TotalAmt060807
IRS990/Desc0U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, UNDER SECTION 231 OF THE NATIONAL HOUSING ACT FOR THE BENEFIT OF LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0540069
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020171
IRS990/FeesForServicesLegalGrp/TotalAmt020171
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt042008
IRS990/FeesForServicesManagementGrp/TotalAmt042008
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05625
IRS990/FeesForServicesOtherGrp/TotalAmt05625
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1045681
IRS990/Form990PartVIISectionAGrp/PersonNm0DOMINICK VEDORA
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY LOU PRESUTTI
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN PARROTT JR
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES VEDORA
IRS990/Form990PartVIISectionAGrp/PersonNm4ANTHONY VALENTINO
IRS990/Form990PartVIISectionAGrp/PersonNm5JOE CIRENCIONE
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT ANANIA
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES DEVANEY
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSEPH FRAGNOLI
IRS990/Form990PartVIISectionAGrp/PersonNm9GLENDA DORIS MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm10ANDREW R TYMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10147197
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10C.E.O./C.F.O.
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01077438
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt07357
IRS990/InsuranceGrp/TotalAmt07357
IRS990/InterestGrp/ProgramServicesAmt024479
IRS990/InterestGrp/TotalAmt024479
IRS990/InvestmentIncomeGrp/ExclusionAmt0500
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0500
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0151760
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02019685
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02027811
IRS990/LandBldgEquipCostOrOtherBssAmt02179571
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PUBLIC NEED/LOW-INCOME HOUSING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0636813
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0550777
IRS990/NetAssetsOrFundBalancesBOYAmt02272783
IRS990/NetAssetsOrFundBalancesEOYAmt02727579
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0390
IRS990/OfficeExpensesGrp/TotalAmt0390
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0842271
IRS990/OtherAssetsTotalGrp/EOYAmt01017187
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02441
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016434
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018875
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc2PAINTING & DECORATING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010320
IRS990/OtherExpensesGrp/ProgramServicesAmt090321
IRS990/OtherExpensesGrp/ProgramServicesAmt14800
IRS990/OtherExpensesGrp/TotalAmt090321
IRS990/OtherExpensesGrp/TotalAmt110320
IRS990/OtherExpensesGrp/TotalAmt24800
IRS990/OtherLiabilitiesGrp/BOYAmt0507407
IRS990/OtherLiabilitiesGrp/EOYAmt0211504
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01204
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01204
IRS990/OtherRevenueTotalAmt01204
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040351
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0271814
IRS990/OtherSalariesAndWagesGrp/TotalAmt0312165
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0106956
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0107456
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03275
IRS990/PayrollTaxesGrp/ProgramServicesAmt022049
IRS990/PayrollTaxesGrp/TotalAmt025324
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02736
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08220
IRS990/PrincipalOfficerNm0DOMINICK VEDORA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531310
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPERS FEE
IRS990/ProgramServiceRevenueGrp/Desc1PAYROLL & EXPENSE REIM
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0457177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1363097
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2170805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt384655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0457177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1363097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2170805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt384655
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0121000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02436
IRS990/PYOtherExpensesAmt0462543
IRS990/PYOtherRevenueAmt0108731
IRS990/PYProgramServiceRevenueAmt0513591
IRS990/PYRevenuesLessExpensesAmt0-39669
IRS990/PYSalariesCompEmpBnftPaidAmt0322884
IRS990/PYTotalExpensesAmt0785427
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0745758
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0454796
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01075734
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200468
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0200468
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0121000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01665200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01786200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01204
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0110403
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt054764
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0167371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01196734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0513591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0494271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0460890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0273346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02938832
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0110403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt054764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0167371
IRS990ScheduleA/InvestmentIncomeCYPct00.03410
IRS990ScheduleA/InvestmentIncomePYPct00.04200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01204
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0764
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt010697
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01656
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03619
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017940
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96230
IRS990ScheduleA/PublicSupportPY509Pct00.95380
IRS990ScheduleA/PublicSupportTotal509Amt04725032
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01196734
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0634591
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02159471
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0460890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0273346
IRS990ScheduleA/Total509Grp/TotalAmt04725032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01199142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0745758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02224932
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0463046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0277465
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04910343
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01849680
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0139755
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01989435
IRS990ScheduleD/EquipmentGrp/BookValueAmt01611
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03488
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt028400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0148120
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010128
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0462536
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1554651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EQUITY INVESTMENT IN LIMITED PARTNERSHIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017504
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1194000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
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/TotalBookValueLandBuildingsAmt02027811
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01017187
IRS990ScheduleD/TotalLiabilityAmt0211504
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0147197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt045681
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW R TYMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0C.E.O./C.F.O.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0192878
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,844,829
Liabilities
$1,117,250
Net assets
$2,727,579
Revenue
$1,077,438
Expenses
$622,642
Net income
$454,796
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
2018Detailed filing. Detailed filing data is available for this year.$3.84$1.12$2.73$1.08$0.62$0.45
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
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$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