Civic Intelligence

Steepleview Housing Development Fund Company Inc.

990 • Fiscal year 2013 • EIN 22-2528065

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 18, 2014

1045 Sturgeon Point Road14047

(716) 947-4256

Siviq Scores

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

Liabilities / Assets

96th percentile

1.79x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

99th percentile

5.35x

Higher debt load relative to revenue than 99% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

32nd percentile

-4.1%

Higher net margin than 32% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

37th percentile

-4.1%

Faster asset growth than 37% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$416,766

Down $18,027 (-4.1%) from 2012

Net Assets

Down

-$327,324

Down $5,699 (-1.8%) from 2012

Liabilities

Down

$744,090

Down $12,328 (-1.6%) from 2012

Revenue

$138,976

No earlier filing loaded for comparison.

Expenses

Up

$144,675

Up $8,211 (+6.0%) from 2012

Net Income

-$5,699

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $445,383Liabilities 2011: $771,471Net Assets 2011: -$326,0882011Assets 2012: $434,793Liabilities 2012: $756,418Net Assets 2012: -$321,6252012Assets 2013: $416,766Liabilities 2013: $744,090Net Assets 2013: -$327,3242013Assets 2014: $399,871Liabilities 2014: $729,061Net Assets 2014: -$329,1902014Assets 2015: $387,755Liabilities 2015: $713,387Net Assets 2015: -$325,6322015Assets 2016: $372,414Liabilities 2016: $695,904Net Assets 2016: -$323,4902016Assets 2017: $362,353Liabilities 2017: $677,034Net Assets 2017: -$314,6812017Assets 2018: $354,150Liabilities 2018: $655,604Net Assets 2018: -$301,4542018Assets 2019: $341,402Liabilities 2019: $631,289Net Assets 2019: -$289,8872019Assets 2020: $328,226Liabilities 2020: $604,285Net Assets 2020: -$276,0592020Assets 2021: $304,422Liabilities 2021: $573,748Net Assets 2021: -$269,3262021Assets 2022: $277,052Liabilities 2022: $539,781Net Assets 2022: -$262,7292022Assets 2023: $262,258Liabilities 2023: $503,078Net Assets 2023: -$240,8202023Assets 2024: $241,400Liabilities 2024: $462,368Net Assets 2024: -$220,9682024

Highlighted filing

2013

Assets$416,766
Liabilities$744,090
Net Assets-$327,324

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $142,4692011Expenses 2012: $136,4642012Revenue 2013: $138,976Expenses 2013: $144,675Net Income 2013: -$5,6992013Revenue 2014: $139,397Expenses 2014: $141,263Net Income 2014: -$1,8662014Revenue 2015: $142,221Expenses 2015: $138,663Net Income 2015: $3,5582015Revenue 2016: $145,453Expenses 2016: $143,311Net Income 2016: $2,1422016Revenue 2017: $148,361Expenses 2017: $139,552Net Income 2017: $8,8092017Revenue 2018: $149,961Expenses 2018: $136,737Net Income 2018: $13,2242018Revenue 2019: $152,652Expenses 2019: $141,085Net Income 2019: $11,5672019Revenue 2020: $154,929Expenses 2020: $141,101Net Income 2020: $13,8282020Revenue 2021: $164,843Expenses 2021: $158,110Net Income 2021: $6,7332021Revenue 2022: $173,965Expenses 2022: $167,368Net Income 2022: $6,5972022Revenue 2023: $196,780Expenses 2023: $174,871Net Income 2023: $21,9092023Revenue 2024: $201,690Expenses 2024: $181,838Net Income 2024: $19,8522024

Highlighted filing

2013

Revenue$138,976
Expenses$144,675
Net Income-$5,699
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 18, 2014
Return Version
2013v3.0
Gross Receipts
$138,976
Mission and Program Overview

Mission

LOW INCOME HOUSING

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$319,201$314,358▼ $4,843
Cash and Non-Interest-Bearing Accounts$21,490$17,495▼ $3,995
Prepaid Expenses and Deferred Charges$5,362$6,305▲ $943
Total Assets$434,793$416,766▼ $18,027
Other Assets Total$88,740$78,608▼ $10,132
Liabilities
Mortgage Notes Payable Secured by Investment Property$748,951$736,169▼ $12,782
Other Liabilities$4,480$4,584▲ $104
Accounts Payable and Accrued Expenses$2,987$3,337▲ $350
Total Liabilities$756,418$744,090▼ $12,328
Net Assets / Fund Balance
Unrestricted Net Assets$-321,625$-327,324▼ $5,699
Total Net Assets Fund Balance$-321,625$-327,324▼ $5,699
Total Liabilities and Net Assets / Fund Balance$434,793$416,766▼ $18,027

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$298,840$651,681$950,521
Equipment$15,518$176,309$191,827
Other Assets Org$64,321--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diana CaffertyPresident
Jay AddisonVice President
Doreen MillerDirector
Edel VailDirector
Elmar KieferDirector
James CoxDirector
Mary AddisonDirector
Norman SmithDirector
William FureyDirector
Evelyn BruceSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$133,875
Investment Income
$209
Other Revenue
$4,892
Change in Net Assets
$-5,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$138,976
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$138,976
Total Revenue per Form 990
$138,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,251
Salaries, Compensation, and Employee Benefits$38,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$30,301--$30,301
Other Salaries and Wages$9,385$20,165-$29,550
Occupancy$16,797--$16,797
All Other Expenses$9,705$2,524-$12,229
Interest$9,247--$9,247
Insurance$8,045--$8,045
Payroll Taxes$2,523$5,422-$7,945
Other Expenses$3,830--$3,830
Fees for Services Other-$3,700-$3,700
Office Expenses-$1,274-$1,274
Other Employee Benefits$295$634-$929
Advertising-$360-$360
Total Functional Expenses$110,596$34,079$0$144,675

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$144,675
Total Expenses per Audited Statements$144,675
Total Expenses per Form 990$144,675
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
TENANTS' SECURITY DEPOSITS$4,584
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jay addison and mary addison are husband and wife.

Form 990, Part VI, Section A, Line 8B

No committee actions outside of board meetings

Form 990, Part VI, Section B, Line 11

Review conducted by treasurer

Form 990, Part VI, Section C, Line 19

Available to the public upon request

Filing and Contact Details

Filer

EIN
22-2528065
Phone
7169474256

Signing Officer

Name
Diana Cafferty
Title
President
Phone
7169474256
Signed
2014-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Cafferty
Formed
1984
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
0

Preparer

Preparer
JOHN T O'BRIEN MBA MST
Phone
7166340700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The company is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the code), therefore, no provision for income taxes is reflected in the financial statements. The company has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The company presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the company has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the company are subject to examination by taxing authorities. The company is no longer subject to tax examination for the year ended december 31, 2009, and prior.

Raw XML AppendixShowing 400 of 436 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/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0907
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0133875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0131931
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0131491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0125283
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0124349
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0646929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0404
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0452
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0907
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02721
IRS990ScheduleA/InvestmentIncomeCYPct00.00400
IRS990ScheduleA/InvestmentIncomePYPct00.00580
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04892
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt011161
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04334
IRS990ScheduleA/OtherIncome509Grp/TotalAmt029467
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95260
IRS990ScheduleA/PublicSupportPY509Pct00.94650
IRS990ScheduleA/PublicSupportTotal509Amt0646929
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0133875
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0131931
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0131491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0125283
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0124349
IRS990ScheduleA/Total509Grp/TotalAmt0646929
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0138976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0143496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0137290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0129765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0129590
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0679117
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0298840
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0651681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0950521
IRS990ScheduleD/EquipmentGrp/BookValueAmt015518
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0176309
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191827
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0144675
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04584
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19703
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt264321
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0138976
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE COMPANY IS NO LONGER SUBJECT TO TAX EXAMINATION FOR THE YEAR ENDED DECEMBER 31, 2009, AND PRIOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0314358
IRS990ScheduleD/TotalBookValueOtherAssetsAmt078608
IRS990ScheduleD/TotalExpensesPerForm990Amt0144675
IRS990ScheduleD/TotalLiabilityAmt04584
IRS990ScheduleD/TotalRevenuePerForm990Amt0138976
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0138976
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0144675
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAY ADDISON AND MARY ADDISON ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO COMMITTEE ACTIONS OUTSIDE OF BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW CONDUCTED BY TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0434793
IRS990/TotalAssetsEOYAmt0416766
IRS990/TotalAssetsGrp/BOYAmt0434793
IRS990/TotalAssetsGrp/EOYAmt0416766
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034079
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110596
IRS990/TotalFunctionalExpensesGrp/TotalAmt0144675
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0756418
IRS990/TotalLiabilitiesEOYAmt0744090
IRS990/TotalLiabilitiesGrp/BOYAmt0756418
IRS990/TotalLiabilitiesGrp/EOYAmt0744090
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-321625
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-327324
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110596
IRS990/TotalProgramServiceRevenueAmt0133875
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05101
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0133875
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0138976
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0434793
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0416766
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-321625
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-327324
IRS990/UponRequestInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$4.62$2.21$2.02$1.82$0.20
2023Summary only. Only limited summary data is available for this year.$2.62$5.03$2.41$1.97$1.75$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$5.40$2.63$1.74$1.67$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.04$5.74$2.69$1.65$1.58$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$6.04$2.76$1.55$1.41$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$6.31$2.90$1.53$1.41$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$6.56$3.01$1.50$1.37$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$6.77$3.15$1.48$1.40$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$6.96$3.23$1.45$1.43$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$7.13$3.26$1.42$1.39$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.00$7.29$3.29$1.39$1.41$0.02
2013Detailed filing. Detailed filing data is available for this year.$4.17$7.44$3.27$1.39$1.45$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$7.56$3.22$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$7.71$3.26$1.42