Civic Intelligence

Scotia Committee Housing Development Fund Co Inc.

990 • Fiscal year 2017 • EIN 22-2418269

Dec 01, 2016 to Nov 30, 2017 • Filed on Mar 30, 2018

Organization ProfileN/A
201 Fifth StScotia, NY 12302

(518) 374-7407

Siviq Scores

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

Liabilities / Assets

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.08x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$1,200

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

57th percentile

6.1%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

4.0%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$5,344,136

Up $308,222 (+6.1%) from 2016

Net Assets

Up

$5,270,950

Up $293,634 (+5.9%) from 2016

Liabilities

Up

$73,186

Up $14,588 (+25%) from 2016

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin85th percentile

Revenue

Up

$903,499

Up $34,997 (+4.0%) from 2016

Expenses

Down

$609,865

Down $6,974 (-1.1%) from 2016

Net Income

Up

$293,634

Up $41,971 (+17%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,523,544Liabilities 2011: $45,847Net Assets 2011: $3,477,6972011Assets 2012: $3,831,374Liabilities 2012: $42,810Net Assets 2012: $3,788,5642012Assets 2013: $4,172,397Liabilities 2013: $49,610Net Assets 2013: $4,122,7872013Assets 2014: $4,482,788Liabilities 2014: $54,031Net Assets 2014: $4,428,7572014Assets 2015: $4,787,480Liabilities 2015: $51,411Net Assets 2015: $4,736,0692015Assets 2016: $5,035,914Liabilities 2016: $58,598Net Assets 2016: $4,977,3162016Assets 2017: $5,344,136Liabilities 2017: $73,186Net Assets 2017: $5,270,9502017Assets 2018: $5,685,683Liabilities 2018: $155,634Net Assets 2018: $5,530,0492018Assets 2020: $6,007,394Liabilities 2020: $82,757Net Assets 2020: $5,924,6372020Assets 2021: $6,046,028Liabilities 2021: $79,909Net Assets 2021: $5,966,1192021Assets 2022: $6,073,222Liabilities 2022: $68,096Net Assets 2022: $6,005,1262022Assets 2023: $6,329,825Liabilities 2023: $167,264Net Assets 2023: $6,162,5612023Assets 2024: $6,403,446Liabilities 2024: $46,541Net Assets 2024: $6,356,9052024

Highlighted filing

2017

Assets$5,344,136
Liabilities$73,186
Net Assets$5,270,950
Open 2017 Filing

Operations Trend

Revenue Growth48th percentile

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

$1.5M$1.0M$500K$0Revenue 2011: $785,965Expenses 2011: $496,734Net Income 2011: $289,2312011Expenses 2012: $500,7682012Expenses 2013: $517,4072013Revenue 2014: $840,961Expenses 2014: $527,177Net Income 2014: $313,7842014Revenue 2015: $854,958Expenses 2015: $547,646Net Income 2015: $307,3122015Revenue 2016: $868,502Expenses 2016: $616,839Net Income 2016: $251,6632016Revenue 2017: $903,499Expenses 2017: $609,865Net Income 2017: $293,6342017Revenue 2018: $930,021Expenses 2018: $664,413Net Income 2018: $265,6082018Revenue 2020: $978,770Expenses 2020: $827,893Net Income 2020: $150,8772020Revenue 2021: $1,015,600Expenses 2021: $974,118Net Income 2021: $41,4822021Revenue 2022: $1,022,068Expenses 2022: $936,897Net Income 2022: $85,1712022Revenue 2023: $1,158,064Expenses 2023: $995,514Net Income 2023: $162,5502023Revenue 2024: $1,196,766Expenses 2024: $1,053,068Net Income 2024: $143,6982024

Highlighted filing

2017

Revenue$903,499
Expenses$609,865
Net Income$293,634
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2016 to Nov 30, 2017
Signed
Mar 30, 2018
Return Version
2016v3.0
Gross Receipts
$903,499
Mission and Program Overview

Mission

Scotia committee housing development fund co, inc. Was organized and incorporated under the new york state private housing finance law. In 1994, the fund acquired a 96 unit affordable senior housing project in scotia, new york. The project receives (continued on schedule o) (continued from form 990, part iii, line 1) housing assistance (hap) payments (or rental subsidies) pursuent to section 8 of the u.s. Housing act of 1937, as amended. The fund has entered into a hap agreement with the u.s. Department of housing and urban development (hud). Under this contract, which will be subject to renegotiation in june 2025, the fund receives hud funded rent subsidies to accommodate senior citizens age 62 and older and/or the disabled.

Scotia committee housing development fund co., inc. Operates under new york state law to own a 96 unit low income and elderly housing project located in scotia, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,420,539$2,671,298▲ $250,759
Investments Other Securities$2,199,504$2,227,052▲ $27,548
Cash and Non-Interest-Bearing Accounts$374,369$403,603▲ $29,234
Prepaid Expenses and Deferred Charges$15,463$16,410▲ $947
Total Assets$5,035,914$5,344,136▲ $308,222
Other Assets Total$26,039$25,773▼ $266
Liabilities
Accounts Payable and Accrued Expenses$32,601$47,352▲ $14,751
Other Liabilities$25,997$25,834▼ $163
Total Liabilities$58,598$73,186▲ $14,588
Net Assets / Fund Balance
Unrestricted Net Assets$4,977,316$5,270,950▲ $293,634
Total Net Assets Fund Balance$4,977,316$5,270,950▲ $293,634
Total Liabilities and Net Assets / Fund Balance$5,035,914$5,344,136▲ $308,222

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,427,019-$4,427,019
Equipment$261,604-$261,604
Land$200,000-$200,000
Other Land Buildings$-2,217,325$2,217,325-
Other Securities$2,053,376--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ronald PinkertonPresidentPT$1,200$1,200
Christine BissonetteSecretaryPT$600$600
Nancy ShultsVice PresidentPT$600$600
PAULA O'SHEATreasurerPT$600$600
Harlan Barney JrDirector-$200$200
James EdgarDirector-$150$150
Joan AckerDirector-$150$150
Steven GeorgeDirector-$150$150
Todd LaveryDirector-$150$150
Edward PinkertonDirector-$100$100

Highest Paid Contractors

ContractorServicesLocationCompensation
Burns Management Reimbursements And FeConstruction6 CAMPUS VIEW DRIVE, Loudonville, NY 12211$273,751
Otis Elevator CompanyProperty Management1732 WESTERN AVE, Albany, NY 12203$258,103
-Elevator Replacement26 LOUDONVILLE ROAD, Albany, NY 12204$136,788
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$874,320
Investment Income
$29,179
Other Revenue
$0
Change in Net Assets
$293,634

Audited Revenue Reconciliation

Revenue per Audited Statements
$903,499
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$903,499
Total Revenue per Form 990
$903,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,684
Salaries, Compensation, and Employee Benefits$193,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$166,821--$166,821
Other Salaries and Wages$161,257--$161,257
Fees for Services Management$50,121--$50,121
Insurance$36,835--$36,835
Payroll Taxes$28,024--$28,024
Fees for Services Other$27,813--$27,813
Office Expenses$25,955--$25,955
Other Expenses$15,624--$15,624
Current Officers, Directors, Trustees, and Key Employees$3,900--$3,900
Total Functional Expenses$609,865$0$0$609,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$609,865
Total Expenses per Audited Statements$609,865
Total Expenses per Form 990$609,865
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Deposit Obligation$25,834
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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, Part VI, Section A, Line 2

“Edward pinkerton, a board member, is the son of ronald pinkerton, the board president.”

Form 990, Part VI, Section A, Line 3

“The fund, with continuing board oversight, has contracted with burns management corporation to provide the day-to-day operational and financial management of the project. Management fees of $50,121 were paid in the current reporting period. >”

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

“The form 990 is reviewed by members of the governing body before filing.”

Form 990, Part VI, Section B, Line 12C

“A conflict of interest policy is incorporated in the restated by-laws. Individuals subject to any conflict are required to declare the same and to be recused from the deliberative and decision-making processes with respect to matters affected. An annual declaration of acceptance and compliance with respect to the policy is required of governing body members and officers.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available for inspection to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Scotia Committee Housing Development
EIN
22-2418269
Phone
5183747407
Address
201 FIFTH ST, SCOTIA, NY 12302
Doing Business As
Holyrood House

Signing Officer

Name
Ronald Pinkerton
Title
President
Phone
5183747407
Signed
2018-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Pinkerton
Formed
1994
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Uhy Advisors Ny Inc
Address
4 TOWER PLACE EXECUTIVE PARK 7TH, FLOOR, ALBANY, NY 12203
Preparer
William M Kahn
Phone
5184493166
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

“The organization's entire board meets with the independent auditor and assumes responsibility for oversight of the annual audit and the appointment of the auditor.”

Financial Statement Notes

PART X, LINE 2:

“The fund follows guidance issued by the fasb regarding accounting for uncertainty in income taxes. This guidance requires an assessment of the likelihood of a tax position being sustained upon examination by the taxing authorities and prescribes the minimum recognition level. The fund believes that there are no tax positions taken or expected to be taken that would significantly change unrecognized tax benefits. None of the fund's federal or state tax filings are currently under examination. However fiscal years 2014 and later remain subject to examination by irs and new york state.”

Raw XML AppendixShowing 400 of 473 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/NetAssetsOrFundBalancesBOYAmt04977316
IRS990/NetAssetsOrFundBalancesEOYAmt05270950
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt025955
IRS990/OfficeExpensesGrp/TotalAmt025955
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt026039
IRS990/OtherAssetsTotalGrp/EOYAmt025773
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PILOT / REAL ESTATE TAX
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3WATER
IRS990/OtherExpensesGrp/ProgramServicesAmt044720
IRS990/OtherExpensesGrp/ProgramServicesAmt126879
IRS990/OtherExpensesGrp/ProgramServicesAmt221916
IRS990/OtherExpensesGrp/ProgramServicesAmt315624
IRS990/OtherExpensesGrp/TotalAmt044720
IRS990/OtherExpensesGrp/TotalAmt126879
IRS990/OtherExpensesGrp/TotalAmt221916
IRS990/OtherExpensesGrp/TotalAmt315624
IRS990/OtherLiabilitiesGrp/BOYAmt025997
IRS990/OtherLiabilitiesGrp/EOYAmt025834
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0161257
IRS990/OtherSalariesAndWagesGrp/TotalAmt0161257
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt028024
IRS990/PayrollTaxesGrp/TotalAmt028024
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015463
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016410
IRS990/PrincipalOfficerNm0RONALD PINKERTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0HUD HOUSING PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CELL TOWER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc4CABLE TV INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0567244
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1265708
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt230182
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36670
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0567244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1265708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt230182
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43553
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt027603
IRS990/PYOtherExpensesAmt0431332
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0840899
IRS990/PYRevenuesLessExpensesAmt0251663
IRS990/PYSalariesCompEmpBnftPaidAmt0185507
IRS990/PYTotalExpensesAmt0616839
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0868502
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0293634
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0874320
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt029179
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017187
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017437
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021260
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0101170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0874320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0840899
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0838851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0823524
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0807968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04185562
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt029179
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017187
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021260
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0101170
IRS990ScheduleA/InvestmentIncomeCYPct00.02360
IRS990ScheduleA/InvestmentIncomePYPct00.01970
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97640
IRS990ScheduleA/PublicSupportPY509Pct00.98030
IRS990ScheduleA/PublicSupportTotal509Amt04185562
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0874320
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0840899
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0838851
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0823524
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0807968
IRS990ScheduleA/Total509Grp/TotalAmt04185562
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0903499
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0858086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0854958
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0840961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0829228
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04286732
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04427019
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04427019
IRS990ScheduleD/EquipmentGrp/BookValueAmt0261604
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0261604
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0609865
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-2217325
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02217325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025834
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT OBLIGATION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt084265
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt189411
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22053376
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITY MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0903499
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND FOLLOWS GUIDANCE ISSUED BY THE FASB REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES AN ASSESSMENT OF THE LIKELIHOOD OF A TAX POSITION BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES AND PRESCRIBES THE MINIMUM RECOGNITION LEVEL. THE FUND BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY CHANGE UNRECOGNIZED TAX BENEFITS. NONE OF THE FUND'S FEDERAL OR STATE TAX FILINGS ARE CURRENTLY UNDER EXAMINATION. HOWEVER FISCAL YEARS 2014 AND LATER REMAIN SUBJECT TO EXAMINATION BY IRS AND NEW YORK STATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02671298
IRS990ScheduleD/TotalBookValueSecuritiesAmt02227052
IRS990ScheduleD/TotalExpensesPerForm990Amt0609865
IRS990ScheduleD/TotalLiabilityAmt025834
IRS990ScheduleD/TotalRevenuePerForm990Amt0903499
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0903499
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0609865
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDWARD PINKERTON, A BOARD MEMBER, IS THE SON OF RONALD PINKERTON, THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND, WITH CONTINUING BOARD OVERSIGHT, HAS CONTRACTED WITH BURNS MANAGEMENT CORPORATION TO PROVIDE THE DAY-TO-DAY OPERATIONAL AND FINANCIAL MANAGEMENT OF THE PROJECT. MANAGEMENT FEES OF $50,121 WERE PAID IN THE CURRENT REPORTING PERIOD. >
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY MEMBERS OF THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A CONFLICT OF INTEREST POLICY IS INCORPORATED IN THE RESTATED BY-LAWS. INDIVIDUALS SUBJECT TO ANY CONFLICT ARE REQUIRED TO DECLARE THE SAME AND TO BE RECUSED FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES WITH RESPECT TO MATTERS AFFECTED. AN ANNUAL DECLARATION OF ACCEPTANCE AND COMPLIANCE WITH RESPECT TO THE POLICY IS REQUIRED OF GOVERNING BODY MEMBERS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S ENTIRE BOARD MEETS WITH THE INDEPENDENT AUDITOR AND ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND THE APPOINTMENT OF THE AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2B
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05035914
IRS990/TotalAssetsEOYAmt05344136
IRS990/TotalAssetsGrp/BOYAmt05035914
IRS990/TotalAssetsGrp/EOYAmt05344136
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,344,136
Liabilities
$73,186
Net assets
$5,270,950
Revenue
$903,499
Expenses
$609,865
Net income
$293,634
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.40$0.05$6.36$1.20$1.05$0.14
2023Detailed filing. Detailed filing data is available for this year.$6.33$0.17$6.16$1.16$1.00$0.16
2022Detailed filing. Detailed filing data is available for this year.$6.07$0.07$6.01$1.02$0.94$0.09
2021Detailed filing. Detailed filing data is available for this year.$6.05$0.08$5.97$1.02$0.97$0.04
2020Detailed filing. Detailed filing data is available for this year.$6.01$0.08$5.92$0.98$0.83$0.15
2018Detailed filing. Detailed filing data is available for this year.$5.69$0.16$5.53$0.93$0.66$0.27
2017Detailed filing. Detailed filing data is available for this year.$5.34$0.07$5.27$0.90$0.61$0.29
2016Detailed filing. Detailed filing data is available for this year.$5.04$0.06$4.98$0.87$0.62$0.25
2015Detailed filing. Detailed filing data is available for this year.$4.79$0.05$4.74$0.85$0.55$0.31
2014Detailed filing. Detailed filing data is available for this year.$4.48$0.05$4.43$0.84$0.53$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.05$4.12$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.04$3.79$0.50
2011Summary only. Only limited summary data is available for this year.$3.52$0.05$3.48$0.79$0.50$0.29