Civic Intelligence

South Jefferson Housing Development Fund Co Inc.

990 • Fiscal year 2016 • EIN 22-2365335

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 17, 2016

87 E Church StreetAdams, NY 13605

(315) 232-2622

Siviq Scores

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

Liabilities / Assets

60th percentile

0.95x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

4.53x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

57th percentile

-0.4%

Higher net margin than 57% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

56th percentile

-1.6%

Faster asset growth than 56% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-5.3%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,246,422

Down $35,903 (-1.6%) from 2015

Net Assets

Down

$101,280

Down $2,097 (-2.0%) from 2015

Liabilities

Down

$2,145,142

Down $33,806 (-1.6%) from 2015

Revenue

Down

$473,509

Down $26,519 (-5.3%) from 2015

Expenses

Down

$475,606

Down $3,856 (-0.8%) from 2015

Net Income

Down

-$2,097

Down $22,663 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,435,913Liabilities 2011: $2,314,835Net Assets 2011: $121,0782011Assets 2012: $2,425,855Liabilities 2012: $2,267,465Net Assets 2012: $158,3902012Assets 2013: $2,316,404Liabilities 2013: $2,239,896Net Assets 2013: $76,5082013Assets 2014: $2,297,769Liabilities 2014: $2,214,958Net Assets 2014: $82,8112014Assets 2015: $2,282,325Liabilities 2015: $2,178,948Net Assets 2015: $103,3772015Assets 2016: $2,246,422Liabilities 2016: $2,145,142Net Assets 2016: $101,2802016Assets 2017: $2,230,994Liabilities 2017: $2,114,427Net Assets 2017: $116,5672017Assets 2018: $2,218,322Liabilities 2018: $2,082,181Net Assets 2018: $136,1412018Assets 2019: $2,196,690Liabilities 2019: $2,041,680Net Assets 2019: $155,0102019Assets 2020: $2,133,677Liabilities 2020: $1,992,927Net Assets 2020: $140,7502020Assets 2021: $2,086,870Liabilities 2021: $1,947,971Net Assets 2021: $138,8992021Assets 2022: $2,046,670Liabilities 2022: $1,907,592Net Assets 2022: $139,0782022Assets 2023: $2,030,415Liabilities 2023: $1,861,955Net Assets 2023: $168,4602023Assets 2024: $2,066,043Liabilities 2024: $1,813,859Net Assets 2024: $252,1842024Assets 2025: $2,023,779Liabilities 2025: $1,752,492Net Assets 2025: $271,2872025

Highlighted filing

2016

Assets$2,246,422
Liabilities$2,145,142
Net Assets$101,280

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $442,1722011Expenses 2012: $457,7512012Expenses 2013: $581,5352013Revenue 2014: $501,095Expenses 2014: $494,792Net Income 2014: $6,3032014Revenue 2015: $500,028Expenses 2015: $479,462Net Income 2015: $20,5662015Revenue 2016: $473,509Expenses 2016: $475,606Net Income 2016: -$2,0972016Revenue 2017: $526,519Expenses 2017: $511,232Net Income 2017: $15,2872017Revenue 2018: $521,077Expenses 2018: $501,503Net Income 2018: $19,5742018Revenue 2019: $521,791Expenses 2019: $502,922Net Income 2019: $18,8692019Revenue 2020: $524,792Expenses 2020: $539,052Net Income 2020: -$14,2602020Revenue 2021: $509,419Expenses 2021: $511,270Net Income 2021: -$1,8512021Revenue 2022: $523,458Expenses 2022: $523,279Net Income 2022: $1792022Revenue 2023: $566,667Expenses 2023: $537,285Net Income 2023: $29,3822023Revenue 2024: $598,467Expenses 2024: $514,743Net Income 2024: $83,7242024Revenue 2025: $611,782Expenses 2025: $592,679Net Income 2025: $19,1032025

Highlighted filing

2016

Revenue$473,509
Expenses$475,606
Net Income-$2,097
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 17, 2016
Return Version
2015v2.1
Gross Receipts
$473,509
Mission and Program Overview

Mission

To provide low income housing to elderly and mobility impaired.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,587,921$1,508,477▼ $79,444
Savings and Temporary Cash Investments$528,813$588,900▲ $60,087
Intangible Assets$133,988$129,687▼ $4,301
Cash and Non-Interest-Bearing Accounts$20,696$14,040▼ $6,656
Prepaid Expenses and Deferred Charges$4,685$4,874▲ $189
Accounts Receivable$6,222$444▼ $5,778
Total Assets$2,282,325$2,246,422▼ $35,903
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,152,424$2,118,175▼ $34,249
Other Liabilities$14,178$14,105▼ $73
Accounts Payable and Accrued Expenses$12,346$12,853▲ $507
Deferred Revenue-$9-
Total Liabilities$2,178,948$2,145,142▼ $33,806
Net Assets / Fund Balance
Unrestricted Net Assets$103,377$101,280▼ $2,097
Total Net Assets Fund Balance$103,377$101,280▼ $2,097
Total Liabilities and Net Assets / Fund Balance$2,282,325$2,246,422▼ $35,903

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,406,883$1,588,220$2,995,103
Other Land Buildings$53,553$253,090$306,643
Equipment$17,417$142,371$159,788
Land$30,624-$30,624
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda WhitneyPresident
Anna DennyBoard Member
John WhitneyBoard Member
Marilyn HenryBoard Member
Megan WhitneyAsst. Secret
Beverly FranklinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$469,046
Investment Income
$1,256
Other Revenue
$3,207
Change in Net Assets
$-2,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$473,509
Total Revenue per Audited Statements
$473,509
Total Revenue per Form 990
$473,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$344,223
Salaries, Compensation, and Employee Benefits$131,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,325$100,722-$117,047
Depreciation Depletion$113,114--$113,114
Occupancy$110,690--$110,690
Insurance$32,826--$32,826
Fees for Services Management-$32,076-$32,076
Payroll Taxes$10,235--$10,235
Fees for Services Accounting-$9,360-$9,360
Office Expenses-$8,885-$8,885
Other Employee Benefits$4,101--$4,101
All Other Expenses$3,618--$3,618
Other Expenses$3,077$4,171-$3,077
Advertising-$2,308-$2,308
Conferences and Meetings-$520-$520
Total Functional Expenses$317,564$158,042$0$475,606

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$475,606
Total Expenses per Audited Statements$475,606
Total Expenses per Form 990$475,606
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
Tenant Security Deposits Held$14,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 3

The organization delegated control over management duties to christopher community under the direct supervision of the board of directors. This includes bookkeeping, property management and personnel related functions.

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

The vp of finance for the managing agent receives the 990 from the auditor and reviews the form. The 990 is reviewed by the cpa with the board of directors as part of the annual audit meeting prior to filing with the irs.

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

The managing agent reviews the conflict of interest statements signed by the board members annually for each property. If a conflict arises, the managing agent monitors the transaction to ensure it is conducted at arms length. The managing agent discourages this type of relationship and recommends an alternative situation if at all possible.

Form 990, Page 6, Part VI, Line 19

Governing documents and forms 990 are available upon request through the managing agent.

Filing and Contact Details

Filer

Filer Name
South Jeff Hsg Dev Fundcoinc
EIN
22-2365335
Phone
3152322622
Address
87 E CHURCH STREET, ADAMS, NY 13605

Signing Officer

Name
Linda Whitney
Title
President
Phone
3152322622
Signed
2016-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Whitney
Formed
1994
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
4

Preparer

Firm
Stackel & Navarra CPA Pc
Address
216 WASHINGTON ST STE 402, WATERTOWN, NY 13601-3336
Preparer
Robert F Stackel
Phone
3157821220
Raw XML Appendix383 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/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01642
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05924
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0472253
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03207
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04626
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03052
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02417
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01618
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014920
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98850
IRS990ScheduleA/PublicSupportPY170Pct00.98180
IRS990ScheduleA/PublicSupportTotal170Amt01788551
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0347936
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0359316
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0358433
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0359502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0363364
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01788551
IRS990ScheduleA/TotalSupportAmt01809395
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01406883
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01588220
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02995103
IRS990ScheduleD/EquipmentGrp/BookValueAmt017417
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0142371
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0159788
IRS990ScheduleD/ExpensesSubtotalAmt0475606
IRS990ScheduleD/LandGrp/BookValueAmt030624
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030624
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt053553
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0253090
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0306643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS HELD
IRS990ScheduleD/RevenueSubtotalAmt0473509
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01508477
IRS990ScheduleD/TotalExpensesPerForm990Amt0475606
IRS990ScheduleD/TotalLiabilityAmt014105
IRS990ScheduleD/TotalRevenuePerForm990Amt0473509
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0473509
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0475606
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CHRISTOPHER COMMUNITY UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. THIS INCLUDES BOOKKEEPING, PROPERTY MANAGEMENT AND PERSONNEL RELATED FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE VP OF FINANCE FOR THE MANAGING AGENT RECEIVES THE 990 FROM THE AUDITOR AND REVIEWS THE FORM. THE 990 IS REVIEWED BY THE CPA WITH THE BOARD OF DIRECTORS AS PART OF THE ANNUAL AUDIT MEETING PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGING AGENT REVIEWS THE CONFLICT OF INTEREST STATEMENTS SIGNED BY THE BOARD MEMBERS ANNUALLY FOR EACH PROPERTY. IF A CONFLICT ARISES, THE MANAGING AGENT MONITORS THE TRANSACTION TO ENSURE IT IS CONDUCTED AT ARMS LENGTH. THE MANAGING AGENT DISCOURAGES THIS TYPE OF RELATIONSHIP AND RECOMMENDS AN ALTERNATIVE SITUATION IF AT ALL POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FORMS 990 ARE AVAILABLE UPON REQUEST THROUGH THE MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02282325
IRS990/TotalAssetsEOYAmt02246422
IRS990/TotalAssetsGrp/BOYAmt02282325
IRS990/TotalAssetsGrp/EOYAmt02246422
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0158042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317564
IRS990/TotalFunctionalExpensesGrp/TotalAmt0475606
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02178948
IRS990/TotalLiabilitiesEOYAmt02145142
IRS990/TotalLiabilitiesGrp/BOYAmt02178948
IRS990/TotalLiabilitiesGrp/EOYAmt02145142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103377
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0101280
IRS990/TotalProgramServiceExpensesAmt0317564
IRS990/TotalProgramServiceRevenueAmt0469046
IRS990/TotalRevenueGrp/ExclusionAmt01256
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0472253
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0473509
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02282325
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02246422
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0103377
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0101280
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt087 E CHURCH ST
IRS990/USAddress/CityNm0ADAMS
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013605
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA WHITNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03152322622
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH JEFF HSG DEV FUNDCOINC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0222365335
ReturnHeader/Filer/PhoneNum03152322622
ReturnHeader/Filer/USAddress/AddressLine1Txt087 E CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0ADAMS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013605
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161215909
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STACKEL & NAVARRA CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0216 WASHINGTON ST STE 402
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0136013336
ReturnHeader/PreparerPersonGrp/PhoneNum03157821220
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT F STACKEL
ReturnHeader/ReturnTs02016-10-24T13:06:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$1.75$0.27$0.61$0.59$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.07$1.81$0.25$0.60$0.51$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.03$1.86$0.17$0.57$0.54$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.05$1.91$0.14$0.52$0.52$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.09$1.95$0.14$0.51$0.51$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.13$1.99$0.14$0.52$0.54$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.20$2.04$0.16$0.52$0.50$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.22$2.08$0.14$0.52$0.50$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.23$2.11$0.12$0.53$0.51$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.25$2.15$0.10$0.47$0.48$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.28$2.18$0.10$0.50$0.48$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.30$2.21$0.08$0.50$0.49$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$2.24$0.08$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$2.27$0.16$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$2.31$0.12$0.44