Civic Intelligence

Finger Lakes Community Development Corporation

990 • Fiscal year 2020 • EIN 16-1561999

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 18, 2021

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

33rd percentile

0.14x

Higher debt load relative to assets than 33% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.66x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

5.9%

Higher net margin than 67% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$209,561

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Asset Growth

72nd percentile

0.8%

Faster asset growth than 72% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-11%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$3,389,526

Up $26,770 (+0.8%) from 2019

Net Assets

Up

$2,919,434

Up $42,315 (+1.5%) from 2019

Liabilities

Down

$470,092

Down $15,545 (-3.2%) from 2019

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin67th percentile

Revenue

Down

$711,480

Down $87,654 (-11%) from 2019

Expenses

Up

$669,165

Up $19,571 (+3.0%) from 2019

Net Income

Down

$42,315

Down $107,225 (-72%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2020

Assets$3,389,526
Liabilities$470,092
Net Assets$2,919,434
Open 2020 Filing

Operations Trend

Revenue Growth13th 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

2020

Revenue$711,480
Expenses$669,165
Net Income$42,315
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 18, 2021
Return Version
2020v4.1
Gross Receipts
$711,480
Mission and Program Overview

Mission

Public need/low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,965,160$1,902,717▼ $62,443
Accounts Receivable$314,541$320,955▲ $6,414
Savings and Temporary Cash Investments$150,216$190,152▲ $39,936
Other Notes and Loans Receivable, Net$107,956$178,456▲ $70,500
Cash and Non-Interest-Bearing Accounts$267,996$95,198▼ $172,798
Prepaid Expenses and Deferred Charges$2,271$2,025▼ $246
Total Assets$3,362,756$3,389,526▲ $26,770
Other Assets Total$554,616$700,023▲ $145,407
Liabilities
Mortgage Notes Payable Secured by Investment Property$392,701$347,537▼ $45,164
Other Liabilities$0$70,001▲ $70,001
Deferred Revenue$63,786$39,786▼ $24,000
Accounts Payable and Accrued Expenses$29,150$12,768▼ $16,382
Total Liabilities$485,637$470,092▼ $15,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,877,119$2,919,434▲ $42,315
Total Net Assets Fund Balance$2,877,119$2,919,434▲ $42,315
Total Liabilities and Net Assets / Fund Balance$3,362,756$3,389,526▲ $26,770

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,749,813$239,622$1,989,435
Leasehold Improvements$124,245$34,003$158,248
Land$28,400-$28,400
Equipment$259$3,229$3,488
Other Assets Org$700,023--
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
Joe CirencioneDirector
Joseph FragnoliDirector
Phil BeckleyDirector
Robert AnaniaDirector (to May 2020)
Andrew R TymanC.e.o./c.f.o.
John Parrott JrSecretary
James VedoraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,870
Program Service Revenue
$629,909
Investment Income
$701
Other Revenue
$0
Change in Net Assets
$42,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,480
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$711,480
Total Revenue per Form 990
$711,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$489,762
Other Expenses$179,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$454,740--$454,740
Depreciation Depletion-$62,443-$62,443
Fees for Services Management-$57,072-$57,072
Payroll Taxes$35,022--$35,022
Interest-$12,525-$12,525
Insurance-$7,273-$7,273
Fees for Services Other-$6,200-$6,200
Travel$631$2,004-$2,635
Fees for Services Legal$2,081--$2,081
Office Expenses$470$470-$940
Other Expenses$73$230-$303
Total Functional Expenses$516,363$152,802$0$669,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$669,165
Total Expenses per Audited Statements$669,165
Total Expenses per Form 990$669,165
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
Line of Credit$70,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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
2021-08-18
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
17
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 in the audit selection or oversight from the prior year.”

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 680 raw XML fields

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0470
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0554616
IRS990/OtherAssetsTotalGrp/EOYAmt0700023
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc2VEHICLE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04585
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1230
IRS990/OtherExpensesGrp/ProgramServicesAmt021903
IRS990/OtherExpensesGrp/ProgramServicesAmt11443
IRS990/OtherExpensesGrp/ProgramServicesAmt273
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IRS990/OtherExpensesGrp/TotalAmt16028
IRS990/OtherExpensesGrp/TotalAmt2303
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt070001
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0454740
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0107956
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0178456
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt035022
IRS990/PayrollTaxesGrp/TotalAmt035022
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02271
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02025
IRS990/PrincipalOfficerNm0DOMINICK VEDORA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0PAYROLL & EXPENSE REIM
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0512324
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170654
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246931
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0512324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170654
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246931
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0701
IRS990/PYOtherExpensesAmt0200940
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0798433
IRS990/PYRevenuesLessExpensesAmt0149540
IRS990/PYSalariesCompEmpBnftPaidAmt0448654
IRS990/PYTotalExpensesAmt0649594
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0799134
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt042315
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0629909
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150216
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0190152
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt080870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0121000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01665200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01867070
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0701
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0701
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01204
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0110403
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt054764
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0167773
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0629909
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0798433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01196734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0513591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0494271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03632938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0701
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0701
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0110403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt054764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0167773
IRS990ScheduleA/InvestmentIncomeCYPct00.02950
IRS990ScheduleA/InvestmentIncomePYPct00.03080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01204
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0764
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt010697
IRS990ScheduleA/OtherIncome509Grp/TotalAmt012665
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96820
IRS990ScheduleA/PublicSupportPY509Pct00.96650
IRS990ScheduleA/PublicSupportTotal509Amt05500008
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0710779
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0798433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01196734
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0634591
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02159471
IRS990ScheduleA/Total509Grp/TotalAmt05500008
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0711480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0799134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01199142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0745758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02224932
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05680446
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/BookValueAmt01749813
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0239622
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01989435
IRS990ScheduleD/EquipmentGrp/BookValueAmt0259
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03229
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03488
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0669165
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt028400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0124245
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034003
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0700023
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0EQUITY INVESTMENT IN LIMITED PARTNERSHIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt070001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0711480
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/TotalBookValueLandBuildingsAmt01902717
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0700023
IRS990ScheduleD/TotalExpensesPerForm990Amt0669165
IRS990ScheduleD/TotalLiabilityAmt070001
IRS990ScheduleD/TotalRevenuePerForm990Amt0711480
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0711480
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0669165
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,389,526
Liabilities
$470,092
Net assets
$2,919,434
Revenue
$711,480
Expenses
$669,165
Net income
$42,315
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
2020Detailed filing. Detailed filing data is available for this year.$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
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