Civic Intelligence

Falconer Methodist Housing Development Fund Co Inc

990 • Fiscal year 2016 • EIN 22-2419049

Jan 01, 2016 to Dec 31, 2016 • Filed on May 31, 2017

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

1.30x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

4.23x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

27th percentile

-5.9%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

28th percentile

-3.3%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

2.8%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,020,598

Down $34,792 (-3.3%) from 2015

Net Assets

Down

-$309,907

Down $18,708 (-6.4%) from 2015

Liabilities

Down

$1,330,505

Down $16,084 (-1.2%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin27th percentile

Revenue

Up

$314,432

Up $8,513 (+2.8%) from 2015

Expenses

Up

$333,140

Up $15,253 (+4.8%) from 2015

Net Income

Down

-$18,708

Down $6,740 (-56%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2016

Assets$1,020,598
Liabilities$1,330,505
Net Assets-$309,907
Open 2016 Filing

Operations Trend

Revenue Growth50th 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

2016

Revenue$314,432
Expenses$333,140
Net Income-$18,708
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 31, 2017
Return Version
2016v3.0
Gross Receipts
$314,432
Mission and Program Overview

Mission

Hud subsidized housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$765,522$705,306▼ $60,216
Savings and Temporary Cash Investments$169,107$201,681▲ $32,574
Cash and Non-Interest-Bearing Accounts$24,190$19,717▼ $4,473
Prepaid Expenses and Deferred Charges$7,909--
Accounts Receivable$2,210$2,759▲ $549
Pledges and Grants Receivable$2,083--
Total Assets$1,055,390$1,020,598▼ $34,792
Other Assets Total$84,369$91,135▲ $6,766
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,298,547$1,277,897▼ $20,650
Accounts Payable and Accrued Expenses$32,711$28,260▼ $4,451
Other Liabilities$15,331$24,348▲ $9,017
Total Liabilities$1,346,589$1,330,505▼ $16,084
Net Assets / Fund Balance
Unrestricted Net Assets$-291,199$-309,907▼ $18,708
Total Net Assets Fund Balance$-291,199$-309,907▼ $18,708
Total Liabilities and Net Assets / Fund Balance$1,055,390$1,020,598▼ $34,792

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$530,548$1,446,808$1,977,356
Other Land Buildings$63,974$174,532$238,506
Land$108,597-$108,597
Equipment$2,187$13,810$15,997
Other Assets Org$66,787--
Compensation and Service Providers
Top Officer Pay35th 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
$197,871
Program Service Revenue
$116,368
Investment Income
$193
Other Revenue
$0
Change in Net Assets
$-18,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$314,432
Total Revenue per Audited Statements
$314,432
Total Revenue per Form 990
$314,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$333,140
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$110,760$0$0$110,760
Depreciation Depletion$97,420$0$0$97,420
Fees for Services Management$0$25,692$0$25,692
Fees for Services Other$19,515$0$0$19,515
Fees for Services Accounting$0$6,374$0$6,374
Office Expenses$0$4,792$0$4,792
Other Expenses$0$3,072$0$3,072
Advertising$1,629$0$0$1,629
Travel$1,589$0$0$1,589
Conferences and Meetings$219$739$0$958
Insurance$272$33$0$305
Fees for Services Legal$0$148$0$148
Total Functional Expenses$291,086$42,054$0$333,140

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$333,140
Total Expenses per Audited Statements$333,140
Total Expenses per Form 990$333,140
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$24,348
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
2017-05-31
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”

Form 990EZ, Part II, Line 24

“PREPAID EXPENSES”

Form 990EZ, Part II, Line 24

“DEFERRED FINANCING COSTS”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses”

Form 990EZ, Part II, Line 26

“PREPAID REVENUE”

Form 990EZ, Part II, Line 26

“TENANT SECURITY DEPOSITS”

Form 990EZ, Part II, Line 26

“MORTGAGE PAYABLE”

Raw XML AppendixShowing 400 of 427 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/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0184740
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0193159
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IRS990ScheduleA/TotalSupportAmt0959339
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0530548
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01446808
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01977356
IRS990ScheduleD/EquipmentGrp/BookValueAmt02187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013810
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015997
IRS990ScheduleD/ExpensesSubtotalAmt0333140
IRS990ScheduleD/LandGrp/BookValueAmt0108597
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0108597
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024348
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt166787
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt063974
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0174532
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0238506
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0314432
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt091135
IRS990ScheduleD/TotalExpensesPerForm990Amt0333140
IRS990ScheduleD/TotalLiabilityAmt024348
IRS990ScheduleD/TotalRevenuePerForm990Amt0314432
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0333140
IRS990/ScheduleJRequiredInd0false
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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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PREPAID EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEFERRED FINANCING COSTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ACCOUNTS PAYABLE & ACCRUED EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PREPAID REVENUE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TENANT SECURITY DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MORTGAGE PAYABLE
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 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 26
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceRevenueAmt0116368
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116561
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01020598
IRS990/TransactionWithControlEntInd0false
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IRS990/TravelGrp/ManagementAndGeneralAmt00
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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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JON A SAFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07166658197
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FALCONER METHODIST HOUSING DEVELOPMENT FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0FALC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,020,598
Liabilities
$1,330,505
Net assets
-$309,907
Revenue
$314,432
Expenses
$333,140
Net income
-$18,708
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
2016Detailed filing. Detailed filing data is available for this year.$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