Civic Intelligence

SBA Housing Initiative Corporation

EIN 20-8704987 • 501(c)3 • Southampton, NY

Profile

The purposes for which the corporation is formed are: To increase the supply of newly constructed and rehabilitated residences in the town of Southampton for low, moderate and middle income families. To increase such supply through cooperation with local county, state and federal agencies. To work with such government agencies in the financing, construction and development of new and rehabilitated housing. To undertake such construction and development of new and rehabilitated housing on land made available by local governments or by other private or governmental owners. To otherwise operate for charitable purposes, including civic enhancement and improvement of general social welfare, such purposes to be carried out: (a) by assisting in the town of Southampton and other government entities in the disposition of under utilized land currently owned by the town, as well as by assisting the town in planning, supervision and construction of public infrastructure and site preparation work.

PO Box 1307Southampton, NY 11969

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

14th percentile

-63%

Higher net margin than 14% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

NTEE L20 • <$500k nonprofits • Source year 2024

Asset Growth

44th percentile

-1.4%

Faster asset growth than 44% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

33178%

Faster revenue growth than 99% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$272,118

Down $15,327 (-5.3%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin14th percentile

Revenue

Down

$18

Down $11 (-38%) from 2022

Expenses

Up

$15,345

Up $11,527 (+302%) from 2022

Net Income

Down

-$15,327

Down $11,538 (-305%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

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

$600K$400K$200K$0Assets 2010: $244,414Liabilities 2010: $0Net Assets 2010: $244,4142010Assets 2011: $244,603Net Assets 2011: $244,6032011Assets 2015: $258,696Net Assets 2015: $258,6962015Assets 2016: $248,394Net Assets 2016: $248,3942016Assets 2017: $241,596Net Assets 2017: $241,5962017Assets 2018: $435,533Liabilities 2018: $200,000Net Assets 2018: $235,5332018Assets 2019: $349,120Net Assets 2019: $349,1202019Assets 2020: $313,759Net Assets 2020: $313,7592020Assets 2021: $291,234Net Assets 2021: $291,2342021Assets 2022: $287,445Net Assets 2022: $287,4452022Assets 2023: $272,118Liabilities 2023: $02023

Highlighted filing

2023

Assets$272,118
Liabilities$0
Net Assets-
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $443,1572010Revenue 2011: $4,908Expenses 2011: $4,719Net Income 2011: $1892011Revenue 2015: $6,231Expenses 2015: $5,220Net Income 2015: $1,0112015Revenue 2016: $376Expenses 2016: $10,678Net Income 2016: -$10,3022016Revenue 2017: $239Expenses 2017: $7,037Net Income 2017: -$6,7982017Revenue 2018: $67Expenses 2018: $6,130Net Income 2018: -$6,0632018Revenue 2019: $117,875Expenses 2019: $4,288Net Income 2019: $113,5872019Revenue 2020: $327Expenses 2020: $35,688Net Income 2020: -$35,3612020Revenue 2021: $126Expenses 2021: $22,651Net Income 2021: -$22,5252021Revenue 2022: $29Expenses 2022: $3,818Net Income 2022: -$3,7892022Revenue 2023: $18Expenses 2023: $15,345Net Income 2023: -$15,3272023

Highlighted filing

2023

Revenue$18
Expenses$15,345
Net Income-$15,327
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$272,118
Liabilities
$0
Net assets
-
Revenue
$18
Expenses
$15,345
Net income
-$15,327
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.72$0.00$0.00$0.15$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$2.87$0.00$0.04$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.91$2.91$0.00$0.23$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.14$3.14$0.00$0.36$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$3.49$1.18$0.04$1.14
2018Detailed filing. Detailed filing data is available for this year.$4.36$2.00$2.36$0.00$0.06$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$2.42$0.00$0.07$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.48$2.48$0.00$0.11$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.59$2.59$0.06$0.05$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$2.45$0.05$0.05$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.00$2.44$4.43
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Jul 7, 2022
Return Version
2020v4.0
Gross Receipts
$126
Mission and Program Overview

Mission

The purposes for which the corporation is formed are: To increase the supply of newly constructed and rehabilitated residences in the town of Southampton for low, moderate and middle income families. To increase such supply through cooperation with local county, state and federal agencies. To work with such government agencies in the financing, construction and development of new and rehabilitated housing. To undertake such construction and development of new and rehabilitated housing on land made available by local governments or by other private or governmental owners. To otherwise operate for charitable purposes, including civic enhancement and improvement of general social welfare, such purposes to be carried out: (a) by assisting in the town of Southampton and other government entities in the disposition of under utilized land currently owned by the town, as well as by assisting the town in planning, supervision and construction of public infrastructure and site preparation work.

Program Services

DescriptionGrantsExpenses
Workforce housing for residents of Southampton Town$11,665$11,665
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TONY PANZAPresident-$0--
ANN LAWALLBoard Director-$0--
SHERYLL HEATHERBoard Director-$0--
ROBERT J STREBELTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Sba Housing Initiative Corporati
EIN
20-8704987
Phone
6312882876
Address
PO BOX 1307, SOUTHAMPTON, NY 11969

Signing Officer

Name
Tony Panza
Title
President
Signed
2022-07-07
Discuss with paid preparer
Yes

Preparer

Firm
Sabel & Oplinger CPA Pc
Address
106 Prospect St, Southampton, NY 11968
Preparer
Mary Ann Mendel CPA
Phone
6312832370
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Hampton Bays Education Founda | Donee's Address: PO Box 72 Hampton Bays NY 11946 | Cash Amount Given: $7000 | Description of Property: .”

Grants and Similar Amounts Paid In Excess of $5,000.2

“| Donee's Name: Southampton Business Alliance | Donee's Address: 38 Little Plains Rd Southampton NY 11968 | Cash Amount Given: $11665”

Other Expenses.1008

“Interest $16”

Other Expenses.1012

“Insurance $1410”

Other Expenses.1

“Bank Fees $360”

Other Expenses.2

“Licenses & Permits $200”

Raw XML Appendix141 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SABEL OPLINGER CPA PC
IRS990EZ/BooksInCareOfDetail/PhoneNum06312832370
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1307
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SOUTHAMPTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011969
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0313759
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0291234
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-22525
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02000
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0313759
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0291234
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt018665
IRS990EZ/GrossReceiptsAmt0126
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0126
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0313759
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0291234
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0313759
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0291234
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TONY PANZA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANN LAWALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHERYLL HEATHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ROBERT J STREBEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01986
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The purposes for which the corporation is formed are: To increase the supply of newly constructed and rehabilitated residences in the town of Southampton for low, moderate and middle income families. To increase such supply through cooperation with local county, state and federal agencies. To work with such government agencies in the financing, construction and development of new and rehabilitated housing. To undertake such construction and development of new and rehabilitated housing on land made available by local governments or by other private or governmental owners. To otherwise operate for charitable purposes, including civic enhancement and improvement of general social welfare, such purposes to be carried out: (a) by assisting in the town of Southampton and other government entities in the disposition of under utilized land currently owned by the town, as well as by assisting the town in planning, supervision and construction of public infrastructure and site preparation work.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Workforce housing for residents of Southampton Town
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt011665
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011665
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt022651
IRS990EZ/TotalProgramServiceExpensesAmt011665
IRS990EZ/TotalRevenueAmt0126
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0327
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0218
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0671
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalSupportAmt0671
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Hampton Bays Education Founda | Donee's Address: PO Box 72 Hampton Bays NY 11946 | Cash Amount Given: $7000 | Description of Property: .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: Southampton Business Alliance | Donee's Address: 38 Little Plains Rd Southampton NY 11968 | Cash Amount Given: $11665
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Interest $16
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $1410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank Fees $360
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Licenses & Permits $200
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY PANZA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SBA HOUSING INITIATIVE CORPORATI
ReturnHeader/Filer/BusinessNameControlTxt0SBAH
ReturnHeader/Filer/EIN0208704987
ReturnHeader/Filer/PhoneNum06312882876
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1307
ReturnHeader/Filer/USAddress/CityNm0SOUTHAMPTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011969
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112883699
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SABEL & OPLINGER CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106 Prospect St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Southampton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011968
ReturnHeader/PreparerPersonGrp/PhoneNum06312832370
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY ANN MENDEL CPA
ReturnHeader/ReturnTs02022-07-07T15:42:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TONY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PANZA
ReturnHeader/TaxPeriodBeginDt02020-11-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02020

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