Civic Intelligence

Loretto Obrien Road Housing Development Fund Company Inc.

990 • Fiscal year 2019 • EIN 16-1594409

Apr 01, 2018 to Mar 31, 2019 • Filed on Jun 24, 2019

990 James StreetSyracuse, NY 13203

(315) 424-1821

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

8th percentile

0.07x

Higher debt load relative to revenue than 8% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Net Margin

23rd percentile

-51%

Higher net margin than 23% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Asset Growth

26th percentile

-3.6%

Faster asset growth than 26% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-1.5%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,213,122

Down $118,984 (-3.6%) from 2018

Net Assets

Down

$3,197,605

Down $112,581 (-3.4%) from 2018

Liabilities

Down

$15,517

Down $6,403 (-29%) from 2018

Revenue

Down

$222,045

Down $3,416 (-1.5%) from 2018

Expenses

Up

$334,626

Up $13,855 (+4.3%) from 2018

Net Income

Down

-$112,581

Down $17,271 (-18%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $3,777,066Liabilities 2014: $25,355Net Assets 2014: $3,751,7112014Assets 2015: $3,661,207Liabilities 2015: $15,726Net Assets 2015: $3,645,4812015Assets 2016: $3,529,621Liabilities 2016: $20,800Net Assets 2016: $3,508,8212016Assets 2017: $3,420,715Liabilities 2017: $15,219Net Assets 2017: $3,405,4962017Assets 2018: $3,332,106Liabilities 2018: $21,920Net Assets 2018: $3,310,1862018Assets 2019: $3,213,122Liabilities 2019: $15,517Net Assets 2019: $3,197,6052019Assets 2020: $3,115,230Liabilities 2020: $13,174Net Assets 2020: $3,102,0562020Assets 2021: $3,033,522Liabilities 2021: $22,966Net Assets 2021: $3,010,5562021Assets 2022: $2,928,970Liabilities 2022: $30,183Net Assets 2022: $2,898,7872022Assets 2023: $2,810,750Liabilities 2023: $41,105Net Assets 2023: $2,769,6452023Assets 2024: $2,726,340Liabilities 2024: $75,298Net Assets 2024: $2,651,0422024Assets 2025: $2,597,743Liabilities 2025: $46,646Net Assets 2025: $2,551,0972025

Highlighted filing

2019

Assets$3,213,122
Liabilities$15,517
Net Assets$3,197,605

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $224,886Expenses 2014: $335,283Net Income 2014: -$110,3972014Revenue 2015: $214,918Expenses 2015: $321,148Net Income 2015: -$106,2302015Revenue 2016: $199,448Expenses 2016: $336,108Net Income 2016: -$136,6602016Revenue 2017: $218,827Expenses 2017: $322,152Net Income 2017: -$103,3252017Revenue 2018: $225,461Expenses 2018: $320,771Net Income 2018: -$95,3102018Revenue 2019: $222,045Expenses 2019: $334,626Net Income 2019: -$112,5812019Revenue 2020: $231,661Expenses 2020: $327,210Net Income 2020: -$95,5492020Revenue 2021: $236,111Expenses 2021: $327,611Net Income 2021: -$91,5002021Revenue 2022: $238,400Expenses 2022: $350,169Net Income 2022: -$111,7692022Revenue 2023: $242,381Expenses 2023: $371,523Net Income 2023: -$129,1422023Revenue 2024: $270,804Expenses 2024: $389,407Net Income 2024: -$118,6032024Revenue 2025: $291,519Expenses 2025: $391,464Net Income 2025: -$99,9452025

Highlighted filing

2019

Revenue$222,045
Expenses$334,626
Net Income-$112,581
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Jun 24, 2019
Return Version
2018v3.1
Gross Receipts
$222,045
Mission and Program Overview

Mission

The corporation was organized solely and specifically to develop, own, and operate a low income housing project on a nonprofit basis pursuant to section 202 of the national housing act.

Low-income housing project

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,181,342$3,081,794▼ $99,548
Prepaid Expenses and Deferred Charges$18,349$19,639▲ $1,290
Cash and Non-Interest-Bearing Accounts$245$3,204▲ $2,959
Accounts Receivable$910$910→ $0
Total Assets$3,332,106$3,213,122▼ $118,984
Other Assets Total$131,260$107,575▼ $23,685
Liabilities
Other Liabilities$12,391$13,003▲ $612
Accounts Payable and Accrued Expenses$9,529$2,514▼ $7,015
Total Liabilities$21,920$15,517▼ $6,403
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,061,293$4,061,293→ $0
Unrestricted Net Assets$-751,107$-863,688▼ $112,581
Total Net Assets Fund Balance$3,310,186$3,197,605▼ $112,581
Total Liabilities and Net Assets / Fund Balance$3,332,106$3,213,122▼ $118,984

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,878,418$960,935$3,839,353
Other Land Buildings$103,896$169,301$273,197
Land$99,480-$99,480
Equipment$0$83,469$83,469
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$219,787
Investment Income
$10
Other Revenue
$2,248
Change in Net Assets
$-112,581

Audited Revenue Reconciliation

Revenue per Audited Statements
$222,045
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$222,045
Total Revenue per Form 990
$222,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,283
Salaries, Compensation, and Employee Benefits$42,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$119,384--$119,384
Other Salaries and Wages$33,726--$33,726
Fees for Services Management-$20,456-$20,456
Office Expenses$7,348$11,880-$19,228
Occupancy$15,723--$15,723
Insurance$14,205--$14,205
Fees for Services Accounting-$12,057-$12,057
Other Expenses$6,113--$6,113
All Other Expenses$514$4,621-$5,135
Other Employee Benefits$5,067--$5,067
Payroll Taxes$3,550--$3,550
Advertising-$806-$806
Conferences and Meetings-$213-$213
Total Functional Expenses$284,593$50,033$0$334,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$334,626
Total Expenses per Audited Statements$334,626
Total Expenses per Form 990$334,626
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
Tenant Security Deposits$13,003
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 3

The organization delegated control over management duties to christopher community under the direct supervision of the board of directors. This includes bookkeeping, property management and personnel related functions.

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

Vp of finance for the managing agent receives the 990 from the auditor and reviews the form. The 990 is reviewed by the cpa with the board of directors as part of the annual audit meeting prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The managing agent reviews the conflict of interest statements signed by board members annually for each property. If a conflict arises, the managing agent monitors the transaction to ensure it is conducted at arms-length. The managing agent discourages this type of relationship and recommends an alternative situation if at all possible.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Loretto Obrien Road Housing
EIN
16-1594409
Phone
3154241821
Address
990 JAMES STREET, SYRACUSE, NY 13203

Signing Officer

Name
Kimberly Townsend
Title
Chair
Phone
3154241821
Signed
2019-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Townsend
Formed
2006
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
0

Preparer

Firm
Dermody Burke & Brown Cpas LLC
Address
443 N FRANKLIN ST STE 100, SYRACUSE, NY 13204-1441
Preparer
David J De Silva
Phone
3154719171
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Income taxes the corporation has been determined to be exempt from federal income taxation under section 501(c)(3) of the internal revenue code and have been classified as an organization that is not a private foundation under section 509(a). Management is unaware of any unrelated business activities that may be subject to unrelated business income tax or any activities that would jeopardize the corporation's exempt status.

Raw XML AppendixShowing 400 of 415 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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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02115
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02395
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01746
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010754
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99000
IRS990ScheduleA/PublicSupportPY509Pct00.98920
IRS990ScheduleA/PublicSupportTotal509Amt01069866
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0219787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0223201
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0216701
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0197041
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0213136
IRS990ScheduleA/Total509Grp/TotalAmt01069866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0222045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0225461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0218827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0199448
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0214918
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01080699
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02878418
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0960935
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03839353
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083469
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt083469
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0334626
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt099480
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099480
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0103896
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0169301
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0273197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0222045
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES THE CORPORATION HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAVE BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). MANAGEMENT IS UNAWARE OF ANY UNRELATED BUSINESS ACTIVITIES THAT MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX OR ANY ACTIVITIES THAT WOULD JEOPARDIZE THE CORPORATION'S EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03081794
IRS990ScheduleD/TotalExpensesPerForm990Amt0334626
IRS990ScheduleD/TotalLiabilityAmt013003
IRS990ScheduleD/TotalRevenuePerForm990Amt0222045
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0222045
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0334626
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CHRISTOPHER COMMUNITY UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. THIS INCLUDES BOOKKEEPING, PROPERTY MANAGEMENT AND PERSONNEL RELATED FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VP OF FINANCE FOR THE MANAGING AGENT RECEIVES THE 990 FROM THE AUDITOR AND REVIEWS THE FORM. THE 990 IS REVIEWED BY THE CPA WITH THE BOARD OF DIRECTORS AS PART OF THE ANNUAL AUDIT MEETING PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGING AGENT REVIEWS THE CONFLICT OF INTEREST STATEMENTS SIGNED BY BOARD MEMBERS ANNUALLY FOR EACH PROPERTY. IF A CONFLICT ARISES, THE MANAGING AGENT MONITORS THE TRANSACTION TO ENSURE IT IS CONDUCTED AT ARMS-LENGTH. THE MANAGING AGENT DISCOURAGES THIS TYPE OF RELATIONSHIP AND RECOMMENDS AN ALTERNATIVE SITUATION IF AT ALL POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04061293
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04061293
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03332106
IRS990/TotalAssetsEOYAmt03213122
IRS990/TotalAssetsGrp/BOYAmt03332106
IRS990/TotalAssetsGrp/EOYAmt03213122
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0284593
IRS990/TotalFunctionalExpensesGrp/TotalAmt0334626
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021920
IRS990/TotalLiabilitiesEOYAmt015517
IRS990/TotalLiabilitiesGrp/BOYAmt021920
IRS990/TotalLiabilitiesGrp/EOYAmt015517
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03310186
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03197605
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0284593
IRS990/TotalProgramServiceRevenueAmt0219787
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02258
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0219787
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0222045
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03332106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03213122
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-751107
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-863688
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 E BRIGHTON AVE
IRS990/USAddress/CityNm0SYRACUSE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CHRISTOPHER-COMMUNITY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY TOWNSEND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03154241821
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LORETTO OBRIEN ROAD HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0LORE
ReturnHeader/Filer/EIN0161594409
ReturnHeader/Filer/PhoneNum03154241821
ReturnHeader/Filer/USAddress/AddressLine1Txt0990 JAMES STREET
ReturnHeader/Filer/USAddress/CityNm0SYRACUSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07B2104D331A345F9A8E6FB8C035C036FF8169D06
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DAC463E639AD74FF5F638815C8A11B10C92108A9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.125.54.67
ReturnHeader/FilingSecurityInformation/IPDt02019-06-24

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