Civic Intelligence

South Jefferson Housing Development Fund Co Inc.

990 • Fiscal year 2024 • EIN 22-2365335

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 08, 2025

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

63rd percentile

0.88x

Higher debt load relative to assets than 63% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

3.03x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

66th percentile

1.8%

Faster asset growth than 66% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

5.6%

Faster revenue growth than 56% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,066,043

Up $35,628 (+1.8%) from 2023

Net Assets

Up

$252,184

Up $83,724 (+50%) from 2023

Liabilities

Down

$1,813,859

Down $48,096 (-2.6%) from 2023

Revenue

Up

$598,467

Up $31,800 (+5.6%) from 2023

Expenses

Down

$514,743

Down $22,542 (-4.2%) from 2023

Net Income

Up

$83,724

Up $54,342 (+185%) from 2023

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

2024

Assets$2,066,043
Liabilities$1,813,859
Net Assets$252,184

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

2024

Revenue$598,467
Expenses$514,743
Net Income$83,724
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 8, 2025
Return Version
2023v6.0
Gross Receipts
$598,467
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$1,081,018$983,100▼ $97,918
Savings and Temporary Cash Investments$804,693$895,322▲ $90,629
Intangible Assets$99,578$95,277▼ $4,301
Cash and Non-Interest-Bearing Accounts$19,365$65,790▲ $46,425
Prepaid Expenses and Deferred Charges$22,285$26,551▲ $4,266
Accounts Receivable$3,476$3▼ $3,473
Total Assets$2,030,415$2,066,043▲ $35,628
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,820,303$1,766,729▼ $53,574
Accounts Payable and Accrued Expenses$20,896$28,386▲ $7,490
Other Liabilities$16,911$17,807▲ $896
Deferred Revenue$3,845$937▼ $2,908
Total Liabilities$1,861,955$1,813,859▼ $48,096
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$168,460$252,184▲ $83,724
Total Net Assets Fund Balance$168,460$252,184▲ $83,724
Total Liabilities and Net Assets / Fund Balance$2,030,415$2,066,043▲ $35,628

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$690,291$2,304,812$2,995,103
Other Land Buildings$262,185$440,073$702,258
Equipment-$159,788$159,788
Land$30,624-$30,624
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda WhitneyPresident
John WhitneyBoard Member
Megan WhitneySecretary
Julie McdougalVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$592,686
Investment Income
$2,182
Other Revenue
$3,599
Change in Net Assets
$83,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$598,467
Total Revenue per Audited Statements
$598,467
Total Revenue per Form 990
$598,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,300
Salaries, Compensation, and Employee Benefits$156,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,444$124,576-$140,020
Depreciation Depletion$123,919--$123,919
Interest$58,938--$58,938
Fees for Services Management-$42,496-$42,496
Insurance$41,142--$41,142
Occupancy$28,470--$28,470
Fees for Services Accounting-$12,660-$12,660
Office Expenses-$11,790-$11,790
Payroll Taxes$11,709--$11,709
All Other Expenses$7,317$196-$7,513
Other Expenses$4,147$10,661-$4,147
Other Employee Benefits$2,623--$2,623
Pension Plan Contributions$2,091--$2,091
Advertising-$259-$259
Conferences and Meetings-$102-$102
Total Functional Expenses$312,003$202,740$0$514,743

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$514,743
Total Expenses per Audited Statements$514,743
Total Expenses per Form 990$514,743
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$17,807
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Linda whitney megan whitney president secretary mother - daughter

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 cfo 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
2025-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Whitney
Formed
1994
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Stackel & Navarra CPA Pc
Address
216 WASHINGTON ST STE 402, WATERTOWN, NY 13601-3336
Preparer
Robert F Stackel
Phone
3157821220
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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/GrossReceiptsRltdActivitiesAmt02733851
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03599
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03376
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04265
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05141
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02921
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019302
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98640
IRS990ScheduleA/PublicSupportPY170Pct00.98610
IRS990ScheduleA/PublicSupportTotal170Amt01820206
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0392936
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0380841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0344098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0339178
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0363153
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01820206
IRS990ScheduleA/TotalSupportAmt01845375
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0690291
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02304812
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02995103
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0159788
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0159788
IRS990ScheduleD/ExpensesSubtotalAmt0514743
IRS990ScheduleD/LandGrp/BookValueAmt030624
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030624
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0262185
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0440073
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0702258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS HELD
IRS990ScheduleD/RevenueSubtotalAmt0598467
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0983100
IRS990ScheduleD/TotalExpensesPerForm990Amt0514743
IRS990ScheduleD/TotalLiabilityAmt017807
IRS990ScheduleD/TotalRevenuePerForm990Amt0598467
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0598467
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0514743
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINDA WHITNEY MEGAN WHITNEY PRESIDENT SECRETARY MOTHER - DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE CFO 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/ExplanationTxt3THE 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/ExplanationTxt4GOVERNING DOCUMENTS AND FORMS 990 ARE AVAILABLE UPON REQUEST THROUGH THE MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02030415
IRS990/TotalAssetsEOYAmt02066043
IRS990/TotalAssetsGrp/BOYAmt02030415
IRS990/TotalAssetsGrp/EOYAmt02066043
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0202740
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0312003
IRS990/TotalFunctionalExpensesGrp/TotalAmt0514743
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01861955
IRS990/TotalLiabilitiesEOYAmt01813859
IRS990/TotalLiabilitiesGrp/BOYAmt01861955
IRS990/TotalLiabilitiesGrp/EOYAmt01813859
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0168460
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0252184
IRS990/TotalProgramServiceExpensesAmt0312003
IRS990/TotalProgramServiceRevenueAmt0592686
IRS990/TotalRevenueGrp/ExclusionAmt02182
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0596285
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0598467
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02030415
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02066043
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt087 E CHURCH ST
IRS990/USAddress/CityNm0ADAMS
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013605
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA WHITNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03152322622
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-08
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT F STACKEL
ReturnHeader/ReturnTs02025-02-14T08:53:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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