Civic Intelligence

Providence St Andrews Housing

EIN 16-1633628 • 501(c)3 • Rochester, NY

Profile

Provide quality affordable housing to low income individuals with developmental and physical disabilities.

1150 Buffalo RoadRochester, NY 14624

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

5.49x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$161,123

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 101.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

30th percentile

-4.2%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

22%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$711,813

Down $30,965 (-4.2%) from 2023

Liabilities

Up

$876,744

Up $18,125 (+2.1%) from 2023

Net Assets

Down

-$164,931

Down $49,090 (-42%) from 2023

Revenue

Up

$159,599

Up $28,732 (+22%) from 2023

Expenses

Up

$208,689

Up $14,121 (+7.3%) from 2023

Net Income

Up

-$49,090

Up $14,611 (+23%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2019: $1,019,080Liabilities 2019: $888,197Net Assets 2019: $130,8832019Assets 2020: $945,195Liabilities 2020: $881,114Net Assets 2020: $64,0812020Assets 2021: $864,606Liabilities 2021: $857,375Net Assets 2021: $7,2312021Assets 2022: $811,324Liabilities 2022: $863,464Net Assets 2022: -$52,1402022Assets 2023: $742,778Liabilities 2023: $858,619Net Assets 2023: -$115,8412023Assets 2024: $711,813Liabilities 2024: $876,744Net Assets 2024: -$164,9312024

Highlighted filing

2024

Assets$711,813
Liabilities$876,744
Net Assets-$164,931

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $114,187Expenses 2019: $172,071Net Income 2019: -$57,8842019Revenue 2020: $115,631Expenses 2020: $174,666Net Income 2020: -$59,0352020Revenue 2021: $108,199Expenses 2021: $165,049Net Income 2021: -$56,8502021Revenue 2022: $114,219Expenses 2022: $173,590Net Income 2022: -$59,3712022Revenue 2023: $130,867Expenses 2023: $194,568Net Income 2023: -$63,7012023Revenue 2024: $159,599Expenses 2024: $208,689Net Income 2024: -$49,0902024

Highlighted filing

2024

Revenue$159,599
Expenses$208,689
Net Income-$49,090

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 11, 2025
Return Version
2024v5.1
Gross Receipts
$159,599
Mission and Program Overview

Mission

Provide quality affordable housing to low income individuals with developmental and physical disabilities.

Operating a low-income housing project for individuals with disabilities, in Rochester, New York.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$603,063$548,054▼ $55,009
Savings and Temporary Cash Investments$122,117$124,969▲ $2,852
Cash and Non-Interest-Bearing Accounts$4,069$22,834▲ $18,765
Prepaid Expenses and Deferred Charges$3,870$3,766▼ $104
Accounts Receivable$1,219$3,250▲ $2,031
Total Assets$742,778$711,813▼ $30,965
Other Assets Total$8,440$8,940▲ $500
Liabilities
Mortgage Notes Payable Secured by Investment Property$818,845$814,245▼ $4,600
Other Liabilities$17,320$40,604▲ $23,284
Accounts Payable and Accrued Expenses$13,976$11,964▼ $2,012
Escrow Account Liability$8,440$8,940▲ $500
Deferred Revenue$38$991▲ $953
Total Liabilities$858,619$876,744▲ $18,125
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-115,841$-164,931▼ $49,090
Total Net Assets Fund Balance$-115,841$-164,931▼ $49,090
Total Liabilities and Net Assets / Fund Balance$742,778$711,813▼ $30,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$478,401$1,208,955$1,687,356
Equipment$0$128,282$128,282
Land$69,653-$69,653
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mark GreisbergerPresident$68,690$68,690

Board Members and Trustees

NameTitle
Helen BianchiSecretary
Dan SturgisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$159,289
Investment Income
$86
Other Revenue
$224
Change in Net Assets
$-49,090

Audited Revenue Reconciliation

Revenue per Audited Statements
$159,599
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$159,599
Total Revenue per Form 990
$159,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$55,009--$55,009
Fees for Services Management-$45,891-$45,891
Fees for Services Other$32,133$4,880-$37,013
Occupancy$34,129--$34,129
Insurance$11,611--$11,611
Office Expenses-$9,121-$9,121
Interest$8,578--$8,578
All Other Expenses$3,605$933-$4,538
Fees for Services Accounting-$1,560-$1,560
Other Expenses-$741-$741
Fees for Services Legal-$498-$498
Total Functional Expenses$145,065$63,624$0$208,689

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$208,689
Total Expenses per Audited Statements$208,689
Total Expenses per Form 990$208,689
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
Accrued Partnership Administration Fee$33,319
Due To Affiliate$7,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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 3

The Organization is managed by Providence Housing Development Corporation, the supported organization.

Form 990, Part VI, Section A, line 6

Providence Housing Development Corporation is the sole member of the Organization.

Form 990, Part VI, Section A, line 7A

Providence Housing Development Corporation has the right to appoint members of the Organization's Board of Directors.

Form 990, Part VI, Section A, line 8B

There are no other committees besides the full board.

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

The draft 990 report was sent electronically to all board members. Responses were received and evaluated if there were questions prior to filing the report.

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

Employee compliance with the conflict of interest is reviewed annually with all employees of the parent corporation at a general meeting. Each employee signs a form to reaffirm his/her understanding of the policy. Board members are asked to acknowledge their compliance annually with forms returned to the Secretary of the Board rather than management.

Form 990, Part VI, Section B, line 15

Providence St. Andrews Housing Development Fund Company, Inc. does not have any direct compensation expense since all employees are officially employed by the parent company, Providence Housing Development Corporation. The wages and benefits of all top management employees are determined by the board of the parent company, Providence Housing Development Corporation. The process includes independent review, comparability data, and deliberation by the board.

Form 990, Part VI, Section C, line 19

All documents will be made available for public inspection based on the requirements of applicable law.

Filing and Contact Details

Filer

Filer Name
Providence St Andrews Housing
EIN
16-1633628
Phone
5855299555
Address
1150 Buffalo Road, Rochester, NY 14624

Signing Officer

Name
Dan Sturgis
Title
Treasurer
Phone
5855299555
Signed
2025-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Sturgis
Formed
2003
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Daniel O'Dea
Phone
5852322956
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Contracted Program Management : Program service expenses 32,133. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,133. Other : Program service expenses 0. Management and general expenses 4,880. Fundraising expenses 0. Total expenses 4,880.

Financial Statement Notes

Part IV, Line 2B:

The escrow represents security deposits held for the Organization's tenants.

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0208689
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15602
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dan Sturgis
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Helen Bianchi
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Secretary
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Providence St. Andrews Housing Development Fund Company, Inc. does not have any direct compensation expense since all employees are officially employed by the parent company, Providence Housing Development Corporation. The wages and benefits of all top management employees are determined by the board of the parent company, Providence Housing Development Corporation. The process includes independent review, comparability data, and deliberation by the board.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is managed by Providence Housing Development Corporation, the supported organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Providence Housing Development Corporation is the sole member of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Providence Housing Development Corporation has the right to appoint members of the Organization's Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no other committees besides the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The draft 990 report was sent electronically to all board members. Responses were received and evaluated if there were questions prior to filing the report.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Employee compliance with the conflict of interest is reviewed annually with all employees of the parent corporation at a general meeting. Each employee signs a form to reaffirm his/her understanding of the policy. Board members are asked to acknowledge their compliance annually with forms returned to the Secretary of the Board rather than management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Providence St. Andrews Housing Development Fund Company, Inc. does not have any direct compensation expense since all employees are officially employed by the parent company, Providence Housing Development Corporation. The wages and benefits of all top management employees are determined by the board of the parent company, Providence Housing Development Corporation. The process includes independent review, comparability data, and deliberation by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7All documents will be made available for public inspection based on the requirements of applicable law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Contracted Program Management : Program service expenses 32,133. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,133. Other : Program service expenses 0. Management and general expenses 4,880. Fundraising expenses 0. Total expenses 4,880.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5Providence Housing Development Corporation
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt10Providence Housing Development Corporation
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt12Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt13Providence Housing Development Corporation
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt18Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt19Providence Housing Development Corporation
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