Civic Intelligence

Falconer Methodist Housing Development Fund Co Inc

990 • Fiscal year 2014 • EIN 22-2419049

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 29, 2015

Organization ProfileN/A
737 Falconer StreetJamestown, NY 14701

(716) 665-8197

Siviq Scores

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

Liabilities / Assets

95th percentile

1.26x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

4.52x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

37th percentile

-1.0%

Faster asset growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,080,856

Down $11,266 (-1.0%) from 2013

Net Assets

Down

-$279,231

Down $1,030 (-0.4%) from 2013

Liabilities

Down

$1,360,087

Down $10,236 (-0.7%) from 2013

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin38th percentile

Revenue

Up

$301,236

Up $359 (+0.1%) from 2013

Expenses

Up

$302,266

Up $5,055 (+1.7%) from 2013

Net Income

Down

-$1,030

Down $4,696 (-128%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,127,113Liabilities 2011: $1,431,830Net Assets 2011: -$304,7172011Assets 2012: $1,169,086Liabilities 2012: $1,450,953Net Assets 2012: -$281,8672012Assets 2013: $1,092,122Liabilities 2013: $1,370,323Net Assets 2013: -$278,2012013Assets 2014: $1,080,856Liabilities 2014: $1,360,087Net Assets 2014: -$279,2312014Assets 2015: $1,055,390Liabilities 2015: $1,346,589Net Assets 2015: -$291,1992015Assets 2016: $1,020,598Liabilities 2016: $1,330,505Net Assets 2016: -$309,9072016Assets 2017: $986,561Liabilities 2017: $1,321,395Net Assets 2017: -$334,8342017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$1,080,856
Liabilities$1,360,087
Net Assets-$279,231
Open 2014 Filing

Operations Trend

Revenue Growth39th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $305,650Expenses 2011: $289,273Net Income 2011: $16,3772011Expenses 2012: $283,3152012Revenue 2013: $300,877Expenses 2013: $297,211Net Income 2013: $3,6662013Revenue 2014: $301,236Expenses 2014: $302,266Net Income 2014: -$1,0302014Revenue 2015: $305,919Expenses 2015: $317,887Net Income 2015: -$11,9682015Revenue 2016: $314,432Expenses 2016: $333,140Net Income 2016: -$18,7082016Revenue 2017: $310,728Expenses 2017: $335,655Net Income 2017: -$24,9272017Revenue 2018: $1,025,040Expenses 2018: $290,865Net Income 2018: $734,1752018

Highlighted filing

2014

Revenue$301,236
Expenses$302,266
Net Income-$1,030
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 29, 2015
Return Version
2014v5.0
Gross Receipts
$301,236
Mission and Program Overview

Mission

Hud subsidized housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$793,296$771,012▼ $22,284
Savings and Temporary Cash Investments$181,691$192,665▲ $10,974
Cash and Non-Interest-Bearing Accounts$23,974$21,546▼ $2,428
Pledges and Grants Receivable$2,039$6,165▲ $4,126
Prepaid Expenses and Deferred Charges$2,239$771▼ $1,468
Accounts Receivable$346--
Total Assets$1,092,122$1,080,856▼ $11,266
Other Assets Total$88,537$88,697▲ $160
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,337,263$1,318,323▼ $18,940
Accounts Payable and Accrued Expenses$18,062$24,356▲ $6,294
Other Liabilities$14,998$17,408▲ $2,410
Total Liabilities$1,370,323$1,360,087▼ $10,236
Net Assets / Fund Balance
Unrestricted Net Assets$-278,201$-279,231▼ $1,030
Total Net Assets Fund Balance$-278,201$-279,231▼ $1,030
Total Liabilities and Net Assets / Fund Balance$1,092,122$1,080,856▼ $11,266

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$648,558$1,290,866$1,939,424
Other Land Buildings$55,835$145,410$201,245
Land$62,330-$62,330
Equipment$4,289$15,810$20,099
Other Assets Org$71,289--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Jon a SaffPresident
Ben MoreyDirector
Brenda WeilerDirector
Carol RawsonDirector
Howard JohnsonDirector
Jim GrahamDirector
Pastor Brian LothridgeDirector
Shirley LeymanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$188,201
Program Service Revenue
$112,839
Investment Income
$196
Other Revenue
$0
Change in Net Assets
$-1,030

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,236
Total Revenue per Audited Statements
$301,236
Total Revenue per Form 990
$301,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$302,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$105,678$0$0$105,678
Depreciation Depletion$90,852$0$0$90,852
Fees for Services Management$0$24,985$0$24,985
Fees for Services Other$8,612$0$0$8,612
Fees for Services Accounting$0$5,779$0$5,779
Office Expenses$0$5,197$0$5,197
Other Expenses$0$3,817$0$3,817
Travel$2,336$0$0$2,336
Advertising$1,452$0$0$1,452
Conferences and Meetings$223$926$0$1,149
Insurance$287$185$0$472
Fees for Services Legal$0$26$0$26
Total Functional Expenses$260,243$42,023$0$302,266

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$302,266
Total Expenses per Audited Statements$302,266
Total Expenses per Form 990$302,266
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$17,408
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Filing and Contact Details

Filer

Filer Name
Falconer Methodist Housing Development Fund Co Inc
EIN
22-2419049
Phone
7166658197
Address
737 FALCONER STREET, JAMESTOWN, NY 14701

Signing Officer

Name
Jon a Saff
Title
President
Phone
7166658197
Signed
2015-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Saff
Formed
1982
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
James W Vanstrom & Company
Address
PO BOX 532, FALCONER, NY 14733-0532
Preparer
Harold L Brunacini CPA
Phone
7166613960
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“Effective 5/23/2002, the organization entered into an agreement with lutheran housing administrative services group, inc. To act as management agent for the project.”

Pt VI, Line 11B

“Form 990 is provided to each board member for their review, at least one week prior to filing.”

Pt VI, Line 12C

“Monitoring is performed on an ongoing basis, as well as annually with signed conflict of interest disclosures.”

Pt VI, Line 19

“The organization replies to requests on an as requested basis, subject to privacy laws and regulations.”

Form 990EZ, Part II, Line 24

“Accounts receivable prepaid expenses deferred financing costs”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses prepaid revenue tenant security deposits mortgage payable”

Form 990, Part IX, Line 24F

“Contracted services utilities contracts trash removal vehicle maintenance insurance miscellaneous maintenance exp. See attached schedule”

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0566
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01782
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0551775
IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/PublicSupportCY170Pct00.99820
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99760
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0188201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0184740
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0193159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0199532
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0196458
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0962090
IRS990ScheduleA/TotalSupportAmt0963872
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0648558
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01290866
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01939424
IRS990ScheduleD/EquipmentGrp/BookValueAmt04289
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015810
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020099
IRS990ScheduleD/ExpensesSubtotalAmt0302266
IRS990ScheduleD/LandGrp/BookValueAmt062330
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062330
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017408
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt171289
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055835
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0145410
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0201245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0301236
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0771012
IRS990ScheduleD/TotalBookValueOtherAssetsAmt088697
IRS990ScheduleD/TotalExpensesPerForm990Amt0302266
IRS990ScheduleD/TotalLiabilityAmt017408
IRS990ScheduleD/TotalRevenuePerForm990Amt0301236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0301236
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0302266
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE 5/23/2002, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH LUTHERAN HOUSING ADMINISTRATIVE SERVICES GROUP, INC. TO ACT AS MANAGEMENT AGENT FOR THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR THEIR REVIEW, AT LEAST ONE WEEK PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING IS PERFORMED ON AN ONGOING BASIS, AS WELL AS ANNUALLY WITH SIGNED CONFLICT OF INTEREST DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REPLIES TO REQUESTS ON AN AS REQUESTED BASIS, SUBJECT TO PRIVACY LAWS AND REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS RECEIVABLE PREPAID EXPENSES DEFERRED FINANCING COSTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACCOUNTS PAYABLE & ACCRUED EXPENSES PREPAID REVENUE TENANT SECURITY DEPOSITS MORTGAGE PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED SERVICES UTILITIES CONTRACTS TRASH REMOVAL VEHICLE MAINTENANCE INSURANCE MISCELLANEOUS MAINTENANCE EXP. SEE ATTACHED SCHEDULE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24f
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01080856
IRS990/TotalAssetsGrp/BOYAmt01092122
IRS990/TotalAssetsGrp/EOYAmt01080856
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0188201
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042023
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260243
IRS990/TotalFunctionalExpensesGrp/TotalAmt0302266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01370323
IRS990/TotalLiabilitiesEOYAmt01360087
IRS990/TotalLiabilitiesGrp/BOYAmt01370323
IRS990/TotalLiabilitiesGrp/EOYAmt01360087
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-278201
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-279231
IRS990/TotalProgramServiceExpensesAmt0260243
IRS990/TotalProgramServiceRevenueAmt0112839
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113035
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0301236
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01092122
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01080856
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt02336
IRS990/TravelGrp/TotalAmt02336
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-278201
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-279231
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0737 FALCONER STREET
IRS990/USAddress/CityNm0JAMESTOWN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014701
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JON A SAFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07166658197
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FALCONER METHODIST HOUSING DEVELOPMENT FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0FALC
ReturnHeader/Filer/EIN0222419049
ReturnHeader/Filer/PhoneNum07166658197
ReturnHeader/Filer/USAddress/AddressLine1Txt0737 FALCONER STREET
ReturnHeader/Filer/USAddress/CityNm0JAMESTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES W VANSTROM & COMPANY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,080,856
Liabilities
$1,360,087
Net assets
-$279,231
Revenue
$301,236
Expenses
$302,266
Net income
-$1,030
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$1.03$0.29$0.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$1.32$0.33$0.31$0.34$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$1.33$0.31$0.31$0.33$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.06$1.35$0.29$0.31$0.32$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.08$1.36$0.28$0.30$0.30$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.09$1.37$0.28$0.30$0.30$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$1.45$0.28$0.28
2011Summary only. Only limited summary data is available for this year.$1.13$1.43$0.30$0.31$0.29$0.02