Civic Intelligence

Finger Lakes Community Development Corporation

990 • Fiscal year 2022 • EIN 16-1561999

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

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

35th percentile

0.16x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.78x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Net Margin

43rd percentile

-23%

Higher net margin than 43% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Asset Growth

70th percentile

0.4%

Faster asset growth than 70% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

25th percentile

-5.6%

Faster revenue growth than 25% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$2,963,867

Up $11,094 (+0.4%) from 2021

Net Assets

Down

$2,481,887

Down $139,349 (-5.3%) from 2021

Liabilities

Up

$481,980

Up $150,443 (+45%) from 2021

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin43rd percentile

Revenue

Down

$616,723

Down $36,495 (-5.6%) from 2021

Expenses

Up

$756,060

Up $64,858 (+9.4%) from 2021

Net Income

Down

-$139,337

Down $101,353 (-267%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2022

Assets$2,963,867
Liabilities$481,980
Net Assets$2,481,887
Open 2022 Filing

Operations Trend

Revenue Growth25th 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

2022

Revenue$616,723
Expenses$756,060
Net Income-$139,337
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$616,723
Mission and Program Overview

Mission

Public need/low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,840,654$1,778,889▼ $61,765
Accounts Receivable$364,323$403,933▲ $39,610
Other Notes and Loans Receivable, Net$108,956$181,610▲ $72,654
Savings and Temporary Cash Investments$170,305$150,567▼ $19,738
Cash and Non-Interest-Bearing Accounts$26,888$7,719▼ $19,169
Prepaid Expenses and Deferred Charges$1,838$1,352▼ $486
Total Assets$2,952,773$2,963,867▲ $11,094
Other Assets Total$439,809$439,797▼ $12
Liabilities
Mortgage Notes Payable Secured by Investment Property$276,107$227,410▼ $48,697
Other Liabilities$23,501$221,814▲ $198,313
Accounts Payable and Accrued Expenses$12,143$32,756▲ $20,613
Deferred Revenue$19,786--
Total Liabilities$331,537$481,980▲ $150,443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,621,236$2,481,887▼ $139,349
Total Net Assets Fund Balance$2,621,236$2,481,887▼ $139,349
Total Liabilities and Net Assets / Fund Balance$2,952,773$2,963,867▲ $11,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,648,893$340,542$1,989,435
Leasehold Improvements$101,596$56,652$158,248
Land$28,400-$28,400
Equipment$0$3,488$3,488
Other Assets Org$439,797--
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Dominick VedoraPresident
Bob AnaniaDirector
Glenda Doris MyersDirector
James DevaneyDirector
Joe CirencioneDirector
Joseph FragnoliDirector
Lucile MallardDirector
Patti CarterDirector
Phil BeckleyDirector
Robert DoeblinC.e.o.
John Parrott JrSecretary
James VedoraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$616,148
Investment Income
$575
Other Revenue
$0
Change in Net Assets
$-139,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$616,723
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$616,723
Total Revenue per Form 990
$616,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$566,022
Other Expenses$190,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$525,799--$525,799
Fees for Services Management-$65,107-$65,107
Depreciation Depletion-$61,765-$61,765
Payroll Taxes$40,223--$40,223
Other Expenses-$11,551-$11,551
Interest-$10,792-$10,792
Insurance-$9,403-$9,403
Fees for Services Other-$7,250-$7,250
Conferences and Meetings-$857-$857
Travel$600$257-$857
Total Functional Expenses$566,622$189,438$0$756,060

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$756,060
Total Expenses per Audited Statements$756,060
Total Expenses per Form 990$756,060
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$190,814
Due to Related Parties$31,000
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
Robert Doeblin
Title
Chief Executive Officer
Phone
3157898010
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Doeblin
Formed
1999
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
14
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 XI, LINE 9:

“Loss on equity investmtent in limited partnerships -12.”

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 639 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/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0439809
IRS990/OtherAssetsTotalGrp/EOYAmt0439797
IRS990/OtherChangesInNetAssetsAmt0-12
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022456
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111551
IRS990/OtherExpensesGrp/TotalAmt022456
IRS990/OtherExpensesGrp/TotalAmt111551
IRS990/OtherLiabilitiesGrp/BOYAmt023501
IRS990/OtherLiabilitiesGrp/EOYAmt0221814
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0525799
IRS990/OtherSalariesAndWagesGrp/TotalAmt0525799
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0108956
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0181610
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt040223
IRS990/PayrollTaxesGrp/TotalAmt040223
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01838
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01352
IRS990/PrincipalOfficerNm0ROBERT DOEBLIN
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/RelatedOrExemptFuncIncomeAmt0517168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0517168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247149
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt024500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0653
IRS990/PYOtherExpensesAmt0186231
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0628065
IRS990/PYRevenuesLessExpensesAmt0-37984
IRS990/PYSalariesCompEmpBnftPaidAmt0504971
IRS990/PYTotalExpensesAmt0691202
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0653218
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-139337
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0616148
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0170305
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150567
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt024500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt080870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0105370
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0575
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0653
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0701
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0701
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01204
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0616148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0628065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0629909
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0798433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01196734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03869289
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0575
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0653
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0701
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0701
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03834
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.02770
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01204
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01204
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.97190
IRS990ScheduleA/PublicSupportTotal509Amt03974659
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0616148
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0652565
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0710779
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0798433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01196734
IRS990ScheduleA/Total509Grp/TotalAmt03974659
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0616723
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0653218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0711480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0799134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01199142
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03979697
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01648893
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0340542
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01989435
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03488
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03488
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0756060
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt028400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0101596
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt056652
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0439797
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0EQUITY INVESTMENT IN LIMITED PARTNERSHIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1190814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0616723
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/TotalBookValueLandBuildingsAmt01778889
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0439797
IRS990ScheduleD/TotalExpensesPerForm990Amt0756060
IRS990ScheduleD/TotalLiabilityAmt0221814
IRS990ScheduleD/TotalRevenuePerForm990Amt0616723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0616723
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0756060
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD'S PRESIDENT, DOMINICK VEDORA, IS THE FATHER OF THE BOARD'S TREASURER, JAMES VEDORA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY EXAMINING SALARIES OF COMPARABLY SIZED HOUSING AGENCIES AND GOVERNMENTAL ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOSS ON EQUITY INVESTMTENT IN LIMITED PARTNERSHIPS -12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES IN THE AUDIT SELECTION OR OVERSIGHT FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0FINGER LAKES DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1FINGER LAKES DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0205665078
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1474647385

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,963,867
Liabilities
$481,980
Net assets
$2,481,887
Revenue
$616,723
Expenses
$756,060
Net income
-$139,337
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
2022Detailed filing. Detailed filing data is available for this year.$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
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