Civic Intelligence

Delhi Senior Housing Development Fund Company II Inc.

990 • Fiscal year 2017 • EIN 16-1601104

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 11, 2018

Organization ProfileN/A
41 North Main AvenueAlbany, NY 12203

(518) 459-0183

Siviq Scores

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

Liabilities / Assets

69th percentile

1.29x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

7.97x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

-9.4%

Higher net margin than 66% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Asset Growth

75th percentile

-1.5%

Faster asset growth than 75% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

6.0%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$1,084,124

Down $17,047 (-1.5%) from 2016

Net Assets

Down

-$317,878

Down $16,553 (-5.5%) from 2016

Liabilities

Down

$1,402,002

Down $494 (-0.0%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin66th percentile

Revenue

Up

$175,827

Up $9,878 (+6.0%) from 2016

Expenses

Up

$192,380

Up $3,859 (+2.0%) from 2016

Net Income

Up

-$16,553

Up $6,019 (+27%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $1,264,799Liabilities 2011: $1,409,067Net Assets 2011: -$144,2682011Assets 2012: $1,209,649Liabilities 2012: $1,398,035Net Assets 2012: -$188,3862012Assets 2013: $1,185,341Liabilities 2013: $1,400,522Net Assets 2013: -$215,1812013Assets 2014: $1,160,881Liabilities 2014: $1,403,784Net Assets 2014: -$242,9032014Assets 2015: $1,135,842Liabilities 2015: $1,414,595Net Assets 2015: -$278,7532015Assets 2016: $1,101,171Liabilities 2016: $1,402,496Net Assets 2016: -$301,3252016Assets 2017: $1,084,124Liabilities 2017: $1,402,002Net Assets 2017: -$317,8782017Assets 2018: $1,062,796Liabilities 2018: $1,412,819Net Assets 2018: -$350,0232018Assets 2019: $1,024,015Liabilities 2019: $1,406,303Net Assets 2019: -$382,2882019Assets 2020: $996,470Liabilities 2020: $1,405,942Net Assets 2020: -$409,4722020Assets 2021: $949,537Liabilities 2021: $1,400,679Net Assets 2021: -$451,1422021Assets 2022: $925,704Liabilities 2022: $1,413,921Net Assets 2022: -$488,2172022Assets 2023: $902,574Liabilities 2023: $1,414,730Net Assets 2023: -$512,1562023Assets 2024: $875,619Liabilities 2024: $1,433,406Net Assets 2024: -$557,7872024

Highlighted filing

2017

Assets$1,084,124
Liabilities$1,402,002
Net Assets-$317,878
Open 2017 Filing

Operations Trend

Revenue Growth62nd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $114,660Expenses 2011: $158,755Net Income 2011: -$44,0952011Revenue 2012: $120,497Expenses 2012: $164,615Net Income 2012: -$44,1182012Revenue 2013: $141,014Expenses 2013: $167,809Net Income 2013: -$26,7952013Revenue 2014: $149,522Expenses 2014: $177,244Net Income 2014: -$27,7222014Revenue 2015: $150,091Expenses 2015: $185,941Net Income 2015: -$35,8502015Revenue 2016: $165,949Expenses 2016: $188,521Net Income 2016: -$22,5722016Revenue 2017: $175,827Expenses 2017: $192,380Net Income 2017: -$16,5532017Revenue 2018: $171,628Expenses 2018: $203,773Net Income 2018: -$32,1452018Revenue 2019: $172,306Expenses 2019: $204,571Net Income 2019: -$32,2652019Revenue 2020: $195,469Expenses 2020: $222,653Net Income 2020: -$27,1842020Revenue 2021: $196,183Expenses 2021: $237,853Net Income 2021: -$41,6702021Revenue 2022: $194,271Expenses 2022: $231,346Net Income 2022: -$37,0752022Revenue 2023: $200,676Expenses 2023: $224,615Net Income 2023: -$23,9392023Revenue 2024: $197,445Expenses 2024: $243,076Net Income 2024: -$45,6312024

Highlighted filing

2017

Revenue$175,827
Expenses$192,380
Net Income-$16,553
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 11, 2018
Return Version
2017v2.2
Gross Receipts
$175,827
Mission and Program Overview

Mission

Low-income housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,015,385$959,822▼ $55,563
Prepaid Expenses and Deferred Charges$7,694$11,094▲ $3,400
Cash and Non-Interest-Bearing Accounts$357$4,912▲ $4,555
Accounts Receivable$351$29▼ $322
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,101,171$1,084,124▼ $17,047
Other Assets Total$77,384$108,267▲ $30,883
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,379,600$1,379,600→ $0
Accounts Payable and Accrued Expenses$16,824$15,691▼ $1,133
Other Liabilities$6,072$6,711▲ $639
Total Liabilities$1,402,496$1,402,002▼ $494
Net Assets / Fund Balance
Unrestricted Net Assets$-301,325$-317,878▼ $16,553
Total Net Assets Fund Balance$-301,325$-317,878▼ $16,553
Total Liabilities and Net Assets / Fund Balance$1,101,171$1,084,124▼ $17,047

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$895,551$699,132$1,594,683
Equipment$14,271$37,792$52,063
Land$50,000-$50,000
Other Land Buildings-$14,424$14,424
Other Assets Org$6,711--
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Karen MarshfieldPresident
Ray PucciVice President
Betty BergleitnerDirector
Edgar GoffDirector
Thomas BriggsDirector
Wayne ShepardDirector
John EberhardSecretary
Manly ShultsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$102,701
Program Service Revenue
$64,761
Investment Income
$244
Other Revenue
$8,121
Change in Net Assets
$-16,553

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,827
Total Revenue per Audited Statements
$175,827
Total Revenue per Form 990
$175,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,156
Salaries, Compensation, and Employee Benefits$34,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$55,563--$55,563
Other Salaries and Wages-$30,546-$30,546
Office Expenses$19,302$6,620-$25,922
Occupancy$25,352--$25,352
Fees for Services Management-$21,452-$21,452
Insurance$18,282--$18,282
Fees for Services Accounting-$8,729-$8,729
Payroll Taxes$2,376--$2,376
Fees for Services Legal-$1,960-$1,960
Other Employee Benefits$1,302--$1,302
Advertising-$896-$896
Total Functional Expenses$122,177$70,203$0$192,380

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$192,380
Total Expenses per Audited Statements$192,380
Total Expenses per Form 990$192,380
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$6,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 3: Description of Delegated Duties to Management Company

“The project entered into a management agreement with depaul housing management company. The management company manages the daily operation and maintenance of the project.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 was presented, reviewed and approved by board of directors prior to its timely filing with the internal revenue service.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All directors are required to disclose possible conflicts of interest on an annual basis.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All governing documents, policies and financial statements are made available upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Delhi Senior Housing Development
EIN
16-1601104
Phone
5184590183
Address
41 NORTH MAIN AVENUE, ALBANY, NY 12203

Signing Officer

Name
Ray Pucci
Title
Vice President
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Pucci
Formed
2001
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The entity adopted Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded.”

Raw XML AppendixShowing 400 of 468 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/GrossReceiptsAdmissionsGrp/TotalAmt0328978
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IRS990ScheduleD/EquipmentGrp/BookValueAmt014271
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037792
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT TRUST ACCOUNT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The entity adopted Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0108267
IRS990ScheduleD/TotalExpensesPerForm990Amt0192380
IRS990ScheduleD/TotalLiabilityAmt06711
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A MANAGEMENT AGREEMENT WITH DEPAUL HOUSING MANAGEMENT COMPANY. THE MANAGEMENT COMPANY MANAGES THE DAILY OPERATION AND MAINTENANCE OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PRESENTED, REVIEWED AND APPROVED BY BOARD OF DIRECTORS PRIOR TO ITS TIMELY FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,084,124
Liabilities
$1,402,002
Net assets
-$317,878
Revenue
$175,827
Expenses
$192,380
Net income
-$16,553
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.88$1.43$0.56$0.20$0.24$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.90$1.41$0.51$0.20$0.22$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.93$1.41$0.49$0.19$0.23$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.95$1.40$0.45$0.20$0.24$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.00$1.41$0.41$0.20$0.22$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.02$1.41$0.38$0.17$0.20$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.06$1.41$0.35$0.17$0.20$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.08$1.40$0.32$0.18$0.19$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.10$1.40$0.30$0.17$0.19$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.14$1.41$0.28$0.15$0.19$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.16$1.40$0.24$0.15$0.18$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.19$1.40$0.22$0.14$0.17$0.03
2012Summary only. Only limited summary data is available for this year.$1.21$1.40$0.19$0.12$0.16$0.04
2011Summary only. Only limited summary data is available for this year.$1.26$1.41$0.14$0.11$0.16$0.04