Civic Intelligence

Erie Canal Housing Development Fund Company Inc.

990 • Fiscal year 2018 • EIN 20-5521043

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 08, 2019

120 E Center StCanastota, NY 13032

(315) 475-2178

Siviq Scores

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

Liabilities / Assets

84th percentile

1.10x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

6.12x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Net Margin

65th percentile

9.9%

Higher net margin than 65% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Asset Growth

63rd percentile

0.8%

Faster asset growth than 63% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

63rd percentile

3.9%

Faster revenue growth than 63% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$280,666

Up $2,329 (+0.8%) from 2017

Net Assets

Up

-$29,344

Up $5,007 (+15%) from 2017

Liabilities

Down

$310,010

Down $2,678 (-0.9%) from 2017

Revenue

Up

$50,631

Up $1,885 (+3.9%) from 2017

Expenses

Down

$45,624

Down $12,917 (-22%) from 2017

Net Income

Up

$5,007

Up $14,802 (+151%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2010: $303,710Liabilities 2010: $320,307Net Assets 2010: -$16,5972010Assets 2011: $303,682Liabilities 2011: $318,890Net Assets 2011: -$15,2082011Assets 2012: $306,083Liabilities 2012: $318,241Net Assets 2012: -$12,1582012Assets 2013: $312,280Liabilities 2013: $316,492Net Assets 2013: -$4,2122013Assets 2014: $304,058Liabilities 2014: $314,056Net Assets 2014: -$9,9982014Assets 2015: $293,247Liabilities 2015: $314,526Net Assets 2015: -$21,2792015Assets 2016: $289,734Liabilities 2016: $314,290Net Assets 2016: -$24,5562016Assets 2017: $278,337Liabilities 2017: $312,688Net Assets 2017: -$34,3512017Assets 2018: $280,666Liabilities 2018: $310,010Net Assets 2018: -$29,3442018Assets 2019: $277,822Liabilities 2019: $308,114Net Assets 2019: -$30,2922019Assets 2020: $283,396Liabilities 2020: $306,719Net Assets 2020: -$23,3232020Assets 2021: $284,301Liabilities 2021: $303,019Net Assets 2021: -$18,7182021Assets 2022: $287,207Liabilities 2022: $301,706Net Assets 2022: -$14,4992022Assets 2023: $282,900Liabilities 2023: $299,197Net Assets 2023: -$16,2972023Assets 2024: $286,118Liabilities 2024: $296,856Net Assets 2024: -$10,7382024

Highlighted filing

2018

Assets$280,666
Liabilities$310,010
Net Assets-$29,344

Operations Trend

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

$60K$40K$20K$0-$20KExpenses 2010: $50,7552010Expenses 2011: $40,4802011Revenue 2012: $44,737Expenses 2012: $41,687Net Income 2012: $3,0502012Revenue 2013: $47,883Expenses 2013: $39,937Net Income 2013: $7,9462013Revenue 2014: $41,035Expenses 2014: $46,821Net Income 2014: -$5,7862014Revenue 2015: $39,924Expenses 2015: $51,205Net Income 2015: -$11,2812015Revenue 2016: $46,714Expenses 2016: $49,991Net Income 2016: -$3,2772016Revenue 2017: $48,746Expenses 2017: $58,541Net Income 2017: -$9,7952017Revenue 2018: $50,631Expenses 2018: $45,624Net Income 2018: $5,0072018Revenue 2019: $47,362Expenses 2019: $48,310Net Income 2019: -$9482019Revenue 2020: $51,319Expenses 2020: $44,350Net Income 2020: $6,9692020Revenue 2021: $51,853Expenses 2021: $47,248Net Income 2021: $4,6052021Revenue 2022: $50,341Expenses 2022: $46,122Net Income 2022: $4,2192022Revenue 2023: $52,543Expenses 2023: $54,341Net Income 2023: -$1,7982023Revenue 2024: $54,847Expenses 2024: $49,288Net Income 2024: $5,5592024

Highlighted filing

2018

Revenue$50,631
Expenses$45,624
Net Income$5,007
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 8, 2019
Return Version
2018v3.1
Gross Receipts
$50,631
Mission and Program Overview

Mission

NONE

Rental of low income apartments to elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$225,580$218,175▼ $7,405
Investments Program Related$37,956$38,833▲ $877
Cash and Non-Interest-Bearing Accounts$9,172$17,789▲ $8,617
Intangible Assets$5,426$5,152▼ $274
Accounts Receivable$203$717▲ $514
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-34,351$-29,344▲ $5,007
Total Assets$278,337$280,666▲ $2,329
Liabilities
Mortgage Notes Payable Secured by Investment Property$297,137$295,286▼ $1,851
Other Liabilities$15,551$14,724▼ $827
Total Liabilities$312,688$310,010▼ $2,678
Net Assets / Fund Balance
Total Net Assets Fund Balance$-34,351$-29,344▲ $5,007
Total Liabilities and Net Assets / Fund Balance$278,337$280,666▲ $2,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$201,910$73,215$275,125
Equipment$133$14,373$14,506
Land$14,000-$14,000
Other Land Buildings$2,132$1,668$3,800
Investment Program Related Org$3,918--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Blaine CookPresident
Theresa DavisVice President
Robert NapoliSecretary
Donna BonfardeciTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,614
Investment Income
$17
Other Revenue
$0
Change in Net Assets
$5,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,777
Salaries, Compensation, and Employee Benefits$847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$8,013--$8,013
Depreciation Depletion$7,679--$7,679
Interest$6,057--$6,057
Fees for Services Management$4,392--$4,392
Fees for Services Other$2,664--$2,664
Other Expenses$2,319--$2,319
Fees for Services Accounting$2,200--$2,200
Office Expenses$1,801--$1,801
Other Employee Benefits$847--$847
Advertising$37--$37
Total Functional Expenses$45,624$0$0$45,624
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
Loan Payable$8,208
Tenant Security Deposit (contra)$3,918
Accrued Expenses$2,588
Prepaid Revenue$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The president reviews the form 990.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Erie Canal Housing Development Fund
EIN
20-5521043
Phone
3154752178
Address
120 E CENTER ST, CANASTOTA, NY 13032

Signing Officer

Name
Blaine Cook
Title
PRESIDENT + VICE PRESIDENT
Phone
3154752178
Signed
2019-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blaine Cook
Formed
2007
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Dimarco Abiusi & Pascarella Cpas Pc
Address
4 CLINTON SQUARE - SUITE 104, SYRACUSE, NY 13202-1074
Preparer
Leo Bonfardeci
Phone
3154756954
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Real estate taxes: program service expenses 2,254. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,254. Snow removal: program service expenses 1,970. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,970. Water: program service expenses 917. Management and general expenses 0. Fundraising expenses 0. Total expenses 917. Sewer: program service expenses 783. Management and general expenses 0. Fundraising expenses 0. Total expenses 783. Ground maintenance: program service expenses 725. Management and general expenses 0. Fundraising expenses 0. Total expenses 725. Protection: program service expenses 534. Management and general expenses 0. Fundraising expenses 0. Total expenses 534. Misc. Administrative: program service expenses 420. Management and general expenses 0. Fundraising expenses 0. Total expenses 420. Garbage & trash: program service expenses 407. Management and general expenses 0. Fundraising expenses 0. Total expenses 407. Maintenance supplies: program service expenses 3. Management and general expenses 0. Fundraising expenses 0. Total expenses 3.

Raw XML Appendix393 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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt029705
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt15210
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt23918
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt014000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02132
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01668
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT (CONTRA)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOAN PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0218175
IRS990ScheduleD/TotalBookValueProgramRltdAmt038833
IRS990ScheduleD/TotalLiabilityAmt014724
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 2,254. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,254. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 1,970. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,970. WATER: PROGRAM SERVICE EXPENSES 917. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 917. SEWER: PROGRAM SERVICE EXPENSES 783. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 783. GROUND MAINTENANCE: PROGRAM SERVICE EXPENSES 725. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 725. PROTECTION: PROGRAM SERVICE EXPENSES 534. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 534. MISC. ADMINISTRATIVE: PROGRAM SERVICE EXPENSES 420. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 420. GARBAGE & TRASH: PROGRAM SERVICE EXPENSES 407. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 407. MAINTENANCE SUPPLIES: PROGRAM SERVICE EXPENSES 3. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0278337
IRS990/TotalAssetsEOYAmt0280666
IRS990/TotalAssetsGrp/BOYAmt0278337
IRS990/TotalAssetsGrp/EOYAmt0280666
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045624
IRS990/TotalFunctionalExpensesGrp/TotalAmt045624
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0312688
IRS990/TotalLiabilitiesEOYAmt0310010
IRS990/TotalLiabilitiesGrp/BOYAmt0312688
IRS990/TotalLiabilitiesGrp/EOYAmt0310010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-34351
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-29344
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt045624
IRS990/TotalProgramServiceRevenueAmt050614
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt050631
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050631
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0278337
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0280666
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02874 NEW BOSTON ROAD
IRS990/USAddress/CityNm0CANASTOTA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013032
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BLAINE COOK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT + VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03154752178
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ERIE CANAL HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0ERIE
ReturnHeader/Filer/EIN0205521043
ReturnHeader/Filer/PhoneNum03154752178
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 E CENTER ST
ReturnHeader/Filer/USAddress/CityNm0CANASTOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013032
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00E932464CDD3ACBA00E9459D70D2E1B722C7F6B2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00E932464CDD3ACBA00E9459D70D2E1B722C7F6B2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.49.41.226
ReturnHeader/FilingSecurityInformation/IPDt02019-07-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:43:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161427749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIMARCO ABIUSI & PASCARELLA CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04 CLINTON SQUARE - SUITE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SYRACUSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0132021074
ReturnHeader/PreparerPersonGrp/PhoneNum03154756954
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEO BONFARDECI
ReturnHeader/ReturnTs02019-08-07T10:34:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$2.97$0.11$0.55$0.49$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$2.99$0.16$0.53$0.54$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$3.02$0.14$0.50$0.46$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.84$3.03$0.19$0.52$0.47$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$3.07$0.23$0.51$0.44$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.78$3.08$0.30$0.47$0.48$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.81$3.10$0.29$0.51$0.46$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.78$3.13$0.34$0.49$0.59$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.90$3.14$0.25$0.47$0.50$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.93$3.15$0.21$0.40$0.51$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.04$3.14$0.10$0.41$0.47$0.06
2013Detailed filing. Detailed filing data is available for this year.$3.12$3.16$0.04$0.48$0.40$0.08
2012Summary only. Only limited summary data is available for this year.$3.06$3.18$0.12$0.45$0.42$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$3.19$0.15$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$3.20$0.17$0.51