Civic Intelligence

Jack Falvo III Foundation of Schenectady Inc

EIN 20-4918456 • 501(c)3 • Gansevoort, NY

Profile

The jack falvo iii foundation of schenectady, inc. Owns and operates a hospitality house known as jack's place. The goal of jack's place is to provide a home for the families of out of town patients of ellis medicine and sunnyview rehabilitation hospital while their loved ones are rehabilitating.

12 Stonehedge DrGansevoort, NY 12831

www.jackfalvoiiifoundation.com

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $500k-$1M nonprofits • Source year 2024

Net Margin

61st percentile

16%

Higher net margin than 61% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

NTEE E • $500k-$1M nonprofits • Source year 2024

Asset Growth

45th percentile

2.3%

Faster asset growth than 45% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

7.7%

Faster revenue growth than 49% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$908,308

Up $20,698 (+2.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$908,308

Up $20,698 (+2.3%) from 2023

Revenue

Up

$129,805

Up $9,307 (+7.7%) from 2023

Expenses

Up

$109,107

Up $7,241 (+7.1%) from 2023

Net Income

Up

$20,698

Up $2,066 (+11%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $354,604Liabilities 2011: $02011Assets 2012: $423,017Liabilities 2012: $02012Assets 2013: $463,241Liabilities 2013: $02013Assets 2014: $513,691Liabilities 2014: $02014Assets 2017: $746,310Liabilities 2017: $0Net Assets 2017: $746,3102017Assets 2018: $757,160Liabilities 2018: $0Net Assets 2018: $757,1602018Assets 2019: $775,291Liabilities 2019: $0Net Assets 2019: $775,2912019Assets 2020: $798,738Liabilities 2020: $0Net Assets 2020: $798,7382020Assets 2021: $831,981Liabilities 2021: $0Net Assets 2021: $831,9812021Assets 2022: $868,978Liabilities 2022: $0Net Assets 2022: $868,9782022Assets 2023: $887,610Liabilities 2023: $0Net Assets 2023: $887,6102023Assets 2024: $908,308Liabilities 2024: $0Net Assets 2024: $908,3082024

Highlighted filing

2024

Assets$908,308
Liabilities$0
Net Assets$908,308

Operations Trend

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

$150K$100K$50K$0Revenue 2011: $75,420Expenses 2011: $724Net Income 2011: $74,6962011Revenue 2012: $65,629Expenses 2012: $793Net Income 2012: $64,8362012Revenue 2013: $52,838Expenses 2013: $12,614Net Income 2013: $40,2242013Revenue 2014: $68,782Expenses 2014: $18,332Net Income 2014: $50,4502014Revenue 2017: $125,400Expenses 2017: $62,786Net Income 2017: $62,6142017Revenue 2018: $116,158Expenses 2018: $105,308Net Income 2018: $10,8502018Revenue 2019: $118,558Expenses 2019: $100,427Net Income 2019: $18,1312019Revenue 2020: $97,412Expenses 2020: $73,965Net Income 2020: $23,4472020Revenue 2021: $104,006Expenses 2021: $70,763Net Income 2021: $33,2432021Revenue 2022: $126,869Expenses 2022: $89,872Net Income 2022: $36,9972022Revenue 2023: $120,498Expenses 2023: $101,866Net Income 2023: $18,6322023Revenue 2024: $129,805Expenses 2024: $109,107Net Income 2024: $20,6982024

Highlighted filing

2024

Revenue$129,805
Expenses$109,107
Net Income$20,698

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.08$0.00$9.08$1.30$1.09$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.88$0.00$8.88$1.20$1.02$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.69$0.00$8.69$1.27$0.90$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.32$0.00$8.32$1.04$0.71$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.99$0.00$7.99$0.97$0.74$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.75$0.00$7.75$1.19$1.00$0.18
2018Summary only. Only limited summary data is available for this year.$7.57$0.00$7.57$1.16$1.05$0.11
2017Summary only. Only limited summary data is available for this year.$7.46$0.00$7.46$1.25$0.63$0.63
2014Summary only. Only limited summary data is available for this year.$5.14$0.00$0.69$0.18$0.50
2013Summary only. Only limited summary data is available for this year.$4.63$0.00$0.53$0.13$0.40
2012Summary only. Only limited summary data is available for this year.$4.23$0.00$0.66$0.01$0.65
2011Summary only. Only limited summary data is available for this year.$3.55$0.00$0.75$0.01$0.75
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$162,423
Mission and Program Overview

Mission

The jack falvo iii foundation of schenectady, inc. Owns and operates a hospitality house known as jack's place. The goal of jack's place is to provide a home for the families of out of town patients of ellis medicine and sunnyview rehabilitation hospital while their loved ones are rehabilitating.

The jack falvo iii foundation of schenectady, inc. Owns and operates a hospitality house known as jack's place. Jack's place is a facility that provides temporary housing to families of rehabilitating children who must leave their own community to seek medical care for their children. The house serves the families of children receiving treatment at sunnyview rehabilitation hospital, ellis hospital and other medical facilities in the schenectady, new york area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$831,981$868,978▲ $36,997
Cash and Non-Interest-Bearing Accounts$475,777$528,807▲ $53,030
Land, Buildings, and Equipment, Net$356,204$340,171▼ $16,033
Total Assets$831,981$868,978▲ $36,997
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$831,981$868,978▲ $36,997
Total Liabilities and Net Assets / Fund Balance$831,981$868,978▲ $36,997

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$319,118$54,509$373,627
Other Land Buildings$3,053$42,972$46,025
Land$18,000-$18,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jack Falvo JrPresident
Jacqueline F NormanDirector
John RothDirector
Megan HoranDirector
Nicholas FalvoDirector
Robert GachDirector
Stanley NormanDirector
Janice AbbaleSecretary
Julia FalvoSecretary
John FalvoTreasurer
Kathleen FalvoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$125,178
Program Service Revenue
$0
Investment Income
$472
Other Revenue
$1,219
All Other Contributions
$71,230
Change in Net Assets
$36,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,377
Salaries, Compensation, and Employee Benefits$30,495
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$40,122--$40,122
Other Salaries and Wages-$23,634-$23,634
Depreciation Depletion$16,033--$16,033
Payroll Taxes-$6,861-$6,861
Fees for Services Other$2,510--$2,510
Office Expenses$712--$712
Total Functional Expenses$59,377$30,495$0$89,872
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,773
Fundraising Direct Expenses$35,554
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$71,871$21,923$15,724$6,199
Spring Dinner$8,180$8,180$320$7,860
Total Events$86,721$36,773$35,554$1,219
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Jacqueline norman john falvo president treasurer family relationship jacqueline norman janice abbale president secretary family relationship jacqueline norman kathleen falvo president vice pres. Family relationship jacqueline norman julia falvo president secretary family relationship jacqueline norman jack falvo president director family relationship jacqueline norman nick falvo president director family relationship jacqueline norman stan norman president director family relationship john falvo janice abbale treasurer secretary family relationship john falvo kathleen falvo treasurer vice pres family relationship john falvo julia falvo treasurer secretary family relationship john falvo jack falvo treasurer director family relationship john falvo nick falvo treasurer director family relationship john falvo stan norman treasurer director family relationship janice abbale kathleen falvo secretary vice pres family relationship janice abbale julia falvo secretary secretary family relationship janice abbale jack falvo secretary director family relationship janice abbale nick falvo secretary director family relationship janice abbale stan norman secretary director family relationship kathleen falvo julia falvo vice pres secretary family relationship kathleen falvo jack falvo vice pres director family relationship kathleen falvo nick falvo vice pres director family relationship kathleen falvo stan norman vice pres director family relationship kathleen falvo megan horan vice pres director family relationship julia falvo jack falvo secretary director family relationship julia falvo nick falvo secretary director family relationship julia falvo stan norman secretary director family relationship jack falvo nick falvo director director family relationship jack falvo megan horan director director family relationship jack falvo stan norman director director family relationship stan norman nick falvo director director family relationship

Form 990, Page 6, Part VI, Line 11B

The form 990 is made available, by the treasurer, to the entire board for review.

Form 990, Page 6, Part VI, Line 12C

Conflicts of interest can be brought to the board's attention at meetings.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are available to the public, on request, for inspection at the office of the organization between the hours of 9am and 5pm.

Filing and Contact Details

Filer

Filer Name
Jack Falvo Iii Foundation of
EIN
20-4918456
Phone
5185830540
Address
12 STONEHEDGE DR, GANSEVOORT, NY 12831
Doing Business As
JACK'S PLACE

Signing Officer

Name
John Falvo
Title
Treasurer
Phone
5185830540
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Falvo
Formed
2006
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
30

Preparer

Firm
Fredette Sankowski Woodcock & Company
Address
25 WALTON ST, SARATOGA SPRINGS, NY 12866-2013
Preparer
Jillian M Woodcock
Phone
5185834166
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The jack falvo iii foundation of schenectady, inc. Owns and operates a hospitality house known as jack's place. The goal of jack's place is to provide a home for the families of out of town patients of ellis medicine and sunnyview rehabilitation hospital while their loved ones are rehabilitating.

Raw XML AppendixShowing 400 of 419 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/MissionDesc0THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. OWNS AND OPERATES A HOSPITALITY HOUSE KNOWN AS JACK'S PLACE. THE GOAL OF JACK'S PLACE IS TO PROVIDE A HOME FOR THE FAMILIES OF OUT OF TOWN PATIENTS OF ELLIS MEDICINE AND SUNNYVIEW REHABILITATION HOSPITAL WHILE THEIR LOVED ONES ARE REHABILITATING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. OWNS AND OPERATES A HOSPITALITY HOUSE KNOWN AS JACK'S PLACE. THE GOAL OF JACK'S PLACE IS TO PROVIDE A HOME FOR THE FAMILIES OF OUT OF TOWN PATIENTS OF ELLIS MEDICINE AND SUNNYVIEW REHABILITATION HOSPITAL WHILE THEIR LOVED ONES ARE REHABILITATING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JACQUELINE NORMAN JOHN FALVO PRESIDENT TREASURER FAMILY RELATIONSHIP JACQUELINE NORMAN JANICE ABBALE PRESIDENT SECRETARY FAMILY RELATIONSHIP JACQUELINE NORMAN KATHLEEN FALVO PRESIDENT VICE PRES. FAMILY RELATIONSHIP JACQUELINE NORMAN JULIA FALVO PRESIDENT SECRETARY FAMILY RELATIONSHIP JACQUELINE NORMAN JACK FALVO PRESIDENT DIRECTOR FAMILY RELATIONSHIP JACQUELINE NORMAN NICK FALVO PRESIDENT DIRECTOR FAMILY RELATIONSHIP JACQUELINE NORMAN STAN NORMAN PRESIDENT DIRECTOR FAMILY RELATIONSHIP JOHN FALVO JANICE ABBALE TREASURER SECRETARY FAMILY RELATIONSHIP JOHN FALVO KATHLEEN FALVO TREASURER VICE PRES FAMILY RELATIONSHIP JOHN FALVO JULIA FALVO TREASURER SECRETARY FAMILY RELATIONSHIP JOHN FALVO JACK FALVO TREASURER DIRECTOR FAMILY RELATIONSHIP JOHN FALVO NICK FALVO TREASURER DIRECTOR FAMILY RELATIONSHIP JOHN FALVO STAN NORMAN TREASURER DIRECTOR FAMILY RELATIONSHIP JANICE ABBALE KATHLEEN FALVO SECRETARY VICE PRES FAMILY RELATIONSHIP JANICE ABBALE JULIA FALVO SECRETARY SECRETARY FAMILY RELATIONSHIP JANICE ABBALE JACK FALVO SECRETARY DIRECTOR FAMILY RELATIONSHIP JANICE ABBALE NICK FALVO SECRETARY DIRECTOR FAMILY RELATIONSHIP JANICE ABBALE STAN NORMAN SECRETARY DIRECTOR FAMILY RELATIONSHIP KATHLEEN FALVO JULIA FALVO VICE PRES SECRETARY FAMILY RELATIONSHIP KATHLEEN FALVO JACK FALVO VICE PRES DIRECTOR FAMILY RELATIONSHIP KATHLEEN FALVO NICK FALVO VICE PRES DIRECTOR FAMILY RELATIONSHIP KATHLEEN FALVO STAN NORMAN VICE PRES DIRECTOR FAMILY RELATIONSHIP KATHLEEN FALVO MEGAN HORAN VICE PRES DIRECTOR FAMILY RELATIONSHIP JULIA FALVO JACK FALVO SECRETARY DIRECTOR FAMILY RELATIONSHIP JULIA FALVO NICK FALVO SECRETARY DIRECTOR FAMILY RELATIONSHIP JULIA FALVO STAN NORMAN SECRETARY DIRECTOR FAMILY RELATIONSHIP JACK FALVO NICK FALVO DIRECTOR DIRECTOR FAMILY RELATIONSHIP JACK FALVO MEGAN HORAN DIRECTOR DIRECTOR FAMILY RELATIONSHIP JACK FALVO STAN NORMAN DIRECTOR DIRECTOR FAMILY RELATIONSHIP STAN NORMAN NICK FALVO DIRECTOR DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS MADE AVAILABLE, BY THE TREASURER, TO THE ENTIRE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICTS OF INTEREST CAN BE BROUGHT TO THE BOARD'S ATTENTION AT MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC, ON REQUEST, FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION BETWEEN THE HOURS OF 9AM AND 5PM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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