Civic Intelligence

Falconer Methodist Housing Development Fund Co Inc

990 • Fiscal year 2017 • EIN 22-2419049

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 18, 2018

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

96th percentile

1.34x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

4.25x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

23rd percentile

-8.0%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

28th percentile

-3.3%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

-1.2%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$986,561

Down $34,037 (-3.3%) from 2016

Net Assets

Down

-$334,834

Down $24,927 (-8.0%) from 2016

Liabilities

Down

$1,321,395

Down $9,110 (-0.7%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin23rd percentile

Revenue

Down

$310,728

Down $3,704 (-1.2%) from 2016

Expenses

Up

$335,655

Up $2,515 (+0.8%) from 2016

Net Income

Down

-$24,927

Down $6,219 (-33%) from 2016

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

2017

Assets$986,561
Liabilities$1,321,395
Net Assets-$334,834
Open 2017 Filing

Operations Trend

Revenue Growth37th 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

2017

Revenue$310,728
Expenses$335,655
Net Income-$24,927
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 18, 2018
Return Version
2017v2.2
Gross Receipts
$310,728
Mission and Program Overview

Mission

Hud subsidized housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$705,306$653,714▼ $51,592
Savings and Temporary Cash Investments$201,681$223,622▲ $21,941
Cash and Non-Interest-Bearing Accounts$19,717$15,385▼ $4,332
Accounts Receivable$2,759$1,724▼ $1,035
Total Assets$1,020,598$986,561▼ $34,037
Other Assets Total$91,135$92,116▲ $981
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,277,897$1,256,335▼ $21,562
Accounts Payable and Accrued Expenses$28,260$37,480▲ $9,220
Other Liabilities$24,348$27,580▲ $3,232
Total Liabilities$1,330,505$1,321,395▼ $9,110
Net Assets / Fund Balance
Unrestricted Net Assets$-309,907$-334,834▼ $24,927
Total Net Assets Fund Balance$-309,907$-334,834▼ $24,927
Total Liabilities and Net Assets / Fund Balance$1,020,598$986,561▼ $34,037

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$483,023$1,509,783$1,992,806
Other Land Buildings$58,908$89,754$148,662
Land$110,647-$110,647
Equipment$1,136$13,550$14,686
Other Assets Org$64,536--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Jon a SaffPresident
Ben MoreyDirector
Brenda WeilerDirector
Carol RawsonDirector
Howard JohnsonDirector
Jim GrahamDirector
Rev Heather Allport CohoonDirector
Shirley LeymanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$196,124
Program Service Revenue
$114,393
Investment Income
$211
Other Revenue
$0
Change in Net Assets
$-24,927

Audited Revenue Reconciliation

Revenue per Audited Statements
$310,728
Total Revenue per Audited Statements
$310,728
Total Revenue per Form 990
$310,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,655
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$105,564$0$0$105,564
Depreciation Depletion$98,555$0$0$98,555
Fees for Services Management$0$24,867$0$24,867
Fees for Services Other$18,876$0$0$18,876
Office Expenses$0$6,535$0$6,535
Fees for Services Accounting$0$5,240$0$5,240
Other Expenses$0$3,068$0$3,068
Fees for Services Legal$0$2,996$0$2,996
Travel$1,643$0$0$1,643
Advertising$1,362$0$0$1,362
Conferences and Meetings$155$1,118$0$1,273
Insurance$272$35$0$307
Total Functional Expenses$290,465$45,190$0$335,655

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$335,655
Total Expenses per Audited Statements$335,655
Total Expenses per Form 990$335,655
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$27,580
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
2018-04-18
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 425 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/CurrentTaxYearMinus4YearsAmt0203
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0571204
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0188201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0184740
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0960992
IRS990ScheduleA/TotalSupportAmt0961988
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0483023
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01509783
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01992806
IRS990ScheduleD/EquipmentGrp/BookValueAmt01136
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013550
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014686
IRS990ScheduleD/ExpensesSubtotalAmt0335655
IRS990ScheduleD/LandGrp/BookValueAmt0110647
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0110647
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027580
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt164536
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt058908
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt089754
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0148662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0310728
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0653714
IRS990ScheduleD/TotalBookValueOtherAssetsAmt092116
IRS990ScheduleD/TotalExpensesPerForm990Amt0335655
IRS990ScheduleD/TotalLiabilityAmt027580
IRS990ScheduleD/TotalRevenuePerForm990Amt0310728
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0335655
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
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/TotalContributionsAmt0196124
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0290465
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335655
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01321395
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IRS990/TotalLiabilitiesGrp/EOYAmt01321395
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-334834
IRS990/TotalProgramServiceExpensesAmt0290465
IRS990/TotalProgramServiceRevenueAmt0114393
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114604
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310728
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0986561
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
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IRS990/TravelGrp/TotalAmt01643
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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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JON A SAFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07166658197
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FALCONER METHODIST HOUSING DEVELOPMENT FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0FALC
ReturnHeader/Filer/EIN0222419049
ReturnHeader/Filer/PhoneNum07166658197

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$986,561
Liabilities
$1,321,395
Net assets
-$334,834
Revenue
$310,728
Expenses
$335,655
Net income
-$24,927
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
2017Detailed filing. Detailed filing data is available for this year.$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