Civic Intelligence

Steepleview Housing Development Fund Company Inc.

990 • Fiscal year 2015 • EIN 22-2528065

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 28, 2016

1045 Sturgeon Point RoadDerby, NY 14047

(716) 947-4256

Siviq Scores

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

Liabilities / Assets

97th percentile

1.84x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

5.02x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

48th percentile

2.5%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

39th percentile

-3.0%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

52nd percentile

2.0%

Faster revenue growth than 52% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$387,755

Down $12,116 (-3.0%) from 2014

Net Assets

Up

-$325,632

Up $3,558 (+1.1%) from 2014

Liabilities

Down

$713,387

Down $15,674 (-2.1%) from 2014

Revenue

Up

$142,221

Up $2,824 (+2.0%) from 2014

Expenses

Down

$138,663

Down $2,600 (-1.8%) from 2014

Net Income

Up

$3,558

Up $5,424 (+291%) from 2014

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

2015

Assets$387,755
Liabilities$713,387
Net Assets-$325,632

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

2015

Revenue$142,221
Expenses$138,663
Net Income$3,558
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 28, 2016
Return Version
2015v2.1
Gross Receipts
$142,221
Mission and Program Overview

Mission

LOW INCOME HOUSING

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$289,619$265,356▼ $24,263
Savings and Temporary Cash Investments-$27,765-
Prepaid Expenses and Deferred Charges$5,954$6,459▲ $505
Cash and Non-Interest-Bearing Accounts$17,366$105▼ $17,261
Total Assets$399,871$387,755▼ $12,116
Other Assets Total$86,932$88,070▲ $1,138
Liabilities
Mortgage Notes Payable Secured by Investment Property$721,941$706,107▼ $15,834
Other Liabilities$4,589$4,793▲ $204
Accounts Payable and Accrued Expenses$2,531$2,487▼ $44
Total Liabilities$729,061$713,387▼ $15,674
Net Assets / Fund Balance
Unrestricted Net Assets$-329,190$-325,632▲ $3,558
Total Net Assets Fund Balance$-329,190$-325,632▲ $3,558
Total Liabilities and Net Assets / Fund Balance$399,871$387,755▼ $12,116

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$251,242$712,569$963,811
Other Land Buildings$14,114$184,920$199,034
Other Assets Org$4,793--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diana CaffertyPresident
Edel VailVice President
Carl MendeDirector
Doreen MillerDirector
James CoxDirector
John LatimoreDirector
Keith DashDirector
Rev Stephen RidgeDirector
Evelyn BruceSecretary
Elmar KieferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$137,079
Investment Income
$133
Other Revenue
$5,009
Change in Net Assets
$3,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$142,221
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$142,221
Total Revenue per Form 990
$142,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,580
Salaries, Compensation, and Employee Benefits$33,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$35,070--$35,070
Other Salaries and Wages$9,295$20,200-$29,495
Occupancy$24,901--$24,901
Insurance$9,037--$9,037
All Other Expenses$4,052$3,267-$7,319
Interest$6,169--$6,169
Fees for Services Other-$4,200-$4,200
Other Expenses$2,575--$2,575
Payroll Taxes$801$1,741-$2,542
Office Expenses-$1,367-$1,367
Other Employee Benefits$330$716-$1,046
Advertising-$229-$229
Total Functional Expenses$106,943$31,720$0$138,663

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$138,663
Total Expenses per Audited Statements$138,663
Total Expenses per Form 990$138,663
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$4,793
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 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

Filer Name
Steepleview Housing Development Fund
EIN
22-2528065
Phone
7169474256
Address
1045 STURGEON POINT ROAD, DERBY, NY 14047

Signing Officer

Name
Diana Cafferty
Title
President
Phone
7169474256
Signed
2016-07-28
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
2
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
Debra M Zevetchin
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.

Raw XML AppendixShowing 400 of 435 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/CurrentTaxYearMinus2YearsAmt0209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0404
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0749
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0137079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0134406
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0133875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0131931
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0131491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0668782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0404
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01647
IRS990ScheduleA/InvestmentIncomeCYPct00.00230
IRS990ScheduleA/InvestmentIncomePYPct00.00290
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05009
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04839
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04892
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt011161
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05050
IRS990ScheduleA/OtherIncome509Grp/TotalAmt030951
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95350
IRS990ScheduleA/PublicSupportPY509Pct00.95360
IRS990ScheduleA/PublicSupportTotal509Amt0668782
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0137079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0134406
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0133875
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0131931
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0131491
IRS990ScheduleA/Total509Grp/TotalAmt0668782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0142221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0139397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0138976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0143496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0137290
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0701380
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0251242
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0712569
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0963811
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0138663
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt078399
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14878
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24793
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014114
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0184920
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0199034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0142221
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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0265356
IRS990ScheduleD/TotalBookValueOtherAssetsAmt088070
IRS990ScheduleD/TotalExpensesPerForm990Amt0138663
IRS990ScheduleD/TotalLiabilityAmt04793
IRS990ScheduleD/TotalRevenuePerForm990Amt0142221
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0142221
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0138663
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEE ACTIONS OUTSIDE OF BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW CONDUCTED BY TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0399871
IRS990/TotalAssetsEOYAmt0387755
IRS990/TotalAssetsGrp/BOYAmt0399871
IRS990/TotalAssetsGrp/EOYAmt0387755
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138663
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0729061
IRS990/TotalLiabilitiesEOYAmt0713387
IRS990/TotalLiabilitiesGrp/BOYAmt0729061
IRS990/TotalLiabilitiesGrp/EOYAmt0713387
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-329190
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-325632
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0106943
IRS990/TotalProgramServiceRevenueAmt0137079
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05142
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0137079
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0142221
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0399871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0387755
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-329190
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-325632
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01045 STURGEON POINT ROAD
IRS990/USAddress/CityNm0DERBY

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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
2015Detailed filing. Detailed filing data is available for this year.$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