Civic Intelligence

Halfmoon Housing Development Fund Company Inc

990 • Fiscal year 2015 • EIN 22-2579490

Apr 01, 2014 to Mar 31, 2015 • Filed on Jul 28, 2015

54 Katherine DriveClifton Park, NY 12065

(518) 459-0183

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,413,552

Down $66,659 (-4.5%) from 2014

Net Assets

Down

-$456,849

Down $50,486 (-12%) from 2014

Liabilities

Down

$1,870,401

Down $16,173 (-0.9%) from 2014

Revenue And Expenses

Revenue

Down

$434,192

Down $4,977 (-1.1%) from 2014

Expenses

Up

$484,678

Up $36,394 (+8.1%) from 2014

Net Income

Down

-$50,486

Down $41,371 (-454%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,589,535Liabilities 2011: $1,958,660Net Assets 2011: -$369,1252011Assets 2012: $1,521,195Liabilities 2012: $1,906,439Net Assets 2012: -$385,2442012Assets 2013: $1,536,929Liabilities 2013: $1,934,177Net Assets 2013: -$397,2482013Assets 2014: $1,480,211Liabilities 2014: $1,886,574Net Assets 2014: -$406,3632014Assets 2015: $1,413,552Liabilities 2015: $1,870,401Net Assets 2015: -$456,8492015Assets 2016: $1,399,751Liabilities 2016: $1,875,537Net Assets 2016: -$475,7862016Assets 2017: $1,309,907Liabilities 2017: $1,821,070Net Assets 2017: -$511,1632017Assets 2018: $1,244,960Liabilities 2018: $1,796,583Net Assets 2018: -$551,6232018Assets 2019: $1,169,856Liabilities 2019: $1,756,574Net Assets 2019: -$586,7182019Assets 2020: $1,120,232Liabilities 2020: $1,744,953Net Assets 2020: -$624,7212020Assets 2021: $1,087,259Liabilities 2021: $1,712,310Net Assets 2021: -$625,0512021Assets 2022: $1,042,690Liabilities 2022: $1,688,934Net Assets 2022: -$646,2442022Assets 2023: $1,002,793Liabilities 2023: $1,667,660Net Assets 2023: -$664,8672023Assets 2024: $952,919Liabilities 2024: $1,660,994Net Assets 2024: -$708,0752024Assets 2025: $901,958Liabilities 2025: $1,580,883Net Assets 2025: -$678,9252025

Highlighted filing

2015

Assets$1,413,552
Liabilities$1,870,401
Net Assets-$456,849

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $435,230Expenses 2011: $465,645Net Income 2011: -$30,4152011Revenue 2012: $431,525Expenses 2012: $452,644Net Income 2012: -$21,1192012Revenue 2013: $431,666Expenses 2013: $443,670Net Income 2013: -$12,0042013Revenue 2014: $439,169Expenses 2014: $448,284Net Income 2014: -$9,1152014Revenue 2015: $434,192Expenses 2015: $484,678Net Income 2015: -$50,4862015Revenue 2016: $434,113Expenses 2016: $453,050Net Income 2016: -$18,9372016Revenue 2017: $438,033Expenses 2017: $473,410Net Income 2017: -$35,3772017Revenue 2018: $462,550Expenses 2018: $503,010Net Income 2018: -$40,4602018Revenue 2019: $462,566Expenses 2019: $497,661Net Income 2019: -$35,0952019Revenue 2020: $472,907Expenses 2020: $510,910Net Income 2020: -$38,0032020Revenue 2021: $483,897Expenses 2021: $484,227Net Income 2021: -$3302021Revenue 2022: $484,131Expenses 2022: $505,324Net Income 2022: -$21,1932022Revenue 2023: $498,594Expenses 2023: $517,217Net Income 2023: -$18,6232023Revenue 2024: $525,863Expenses 2024: $569,071Net Income 2024: -$43,2082024Revenue 2025: $554,924Expenses 2025: $525,774Net Income 2025: $29,1502025

Highlighted filing

2015

Revenue$434,192
Expenses$484,678
Net Income-$50,486
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Jul 28, 2015
Return Version
2014v5.0
Gross Receipts
$434,192
Mission and Program Overview

Mission

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,035,979$968,351▼ $67,628
Savings and Temporary Cash Investments$324,143$340,851▲ $16,708
Intangible Assets$72,643$70,396▼ $2,247
Prepaid Expenses and Deferred Charges$17,372$17,200▼ $172
Cash and Non-Interest-Bearing Accounts$29,988$15,998▼ $13,990
Accounts Receivable$86$756▲ $670
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,480,211$1,413,552▼ $66,659
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,829,070$1,809,106▼ $19,964
Accounts Payable and Accrued Expenses$40,746$44,864▲ $4,118
Other Liabilities$16,758$16,431▼ $327
Total Liabilities$1,886,574$1,870,401▼ $16,173
Net Assets / Fund Balance
Unrestricted Net Assets$-406,363$-456,849▼ $50,486
Total Net Assets Fund Balance$-406,363$-456,849▼ $50,486
Total Liabilities and Net Assets / Fund Balance$1,480,211$1,413,552▼ $66,659

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$917,249$1,790,769$2,708,018
Equipment$9,540$69,136$78,676
Other Land Buildings$26,562$23,057$49,619
Land$15,000-$15,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mr Kevin TollisenPresident
Cory CusterDirector
Mr James EarlyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,336
Program Service Revenue
$146,122
Investment Income
$1,052
Other Revenue
$3,682
Change in Net Assets
$-50,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$434,192
Total Revenue per Audited Statements
$434,192
Total Revenue per Form 990
$434,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,812
Salaries, Compensation, and Employee Benefits$73,866
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$120,467--$120,467
Depreciation Depletion$99,031--$99,031
Office Expenses$59,367--$59,367
Occupancy$57,872--$57,872
Other Salaries and Wages$57,624--$57,624
Fees for Services Management-$29,005-$29,005
Insurance$23,896--$23,896
Fees for Services Accounting$15,006--$15,006
Other Employee Benefits$12,090--$12,090
Advertising$4,258--$4,258
Payroll Taxes$4,152--$4,152
Fees for Services Legal$1,910--$1,910
Total Functional Expenses$455,673$29,005$0$484,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$484,678
Total Expenses per Audited Statements$484,678
Total Expenses per Form 990$484,678
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$16,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The ongoing operations and property management duties are delegated to the depaul housing management corporation, a non-profit corporation sponsored by the diocese of albany.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization is a two-tiered not-for-profit consisting of both corporate members and a board of directors.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Corporate members govern the board members by appointing the board of directors and review and ratify the actions of the board once a year. The corporate members do not get involved in the routine activities of the board of directors.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Corporate members govern the board members by appointing the board of directors and review and ratify the actions of the board once a year. The corporate members do not get involved in the routine activities of the board of directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 and all schedules were presented to, reviewed by and signed by the organization's officers before its filing with the appropriate agency.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members are required to sign a conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Halfmoon Housing Development
EIN
22-2579490
Phone
5184590183
Address
54 KATHERINE DRIVE, CLIFTON PARK, NY 12065

Signing Officer

Name
Mr Kevin Tollisen
Title
President
Signed
2015-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Kevin Tollisen
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Xiaolin Shi CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The entity adopted the standard for Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0917249
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01790769
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02708018
IRS990ScheduleD/EquipmentGrp/BookValueAmt09540
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069136
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078676
IRS990ScheduleD/ExpensesSubtotalAmt0484678
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt015000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026562
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023057
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt049619
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0434192
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The entity adopted the standard for Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0968351
IRS990ScheduleD/TotalExpensesPerForm990Amt0484678
IRS990ScheduleD/TotalLiabilityAmt016431
IRS990ScheduleD/TotalRevenuePerForm990Amt0434192
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0434192
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0484678
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ONGOING OPERATIONS AND PROPERTY MANAGEMENT DUTIES ARE DELEGATED TO THE DEPAUL HOUSING MANAGEMENT CORPORATION, A NON-PROFIT CORPORATION SPONSORED BY THE DIOCESE OF ALBANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A TWO-TIERED NOT-FOR-PROFIT CONSISTING OF BOTH CORPORATE MEMBERS AND A BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CORPORATE MEMBERS GOVERN THE BOARD MEMBERS BY APPOINTING THE BOARD OF DIRECTORS AND REVIEW AND RATIFY THE ACTIONS OF THE BOARD ONCE A YEAR. THE CORPORATE MEMBERS DO NOT GET INVOLVED IN THE ROUTINE ACTIVITIES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CORPORATE MEMBERS GOVERN THE BOARD MEMBERS BY APPOINTING THE BOARD OF DIRECTORS AND REVIEW AND RATIFY THE ACTIONS OF THE BOARD ONCE A YEAR. THE CORPORATE MEMBERS DO NOT GET INVOLVED IN THE ROUTINE ACTIVITIES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL SCHEDULES WERE PRESENTED TO, REVIEWED BY AND SIGNED BY THE ORGANIZATION'S OFFICERS BEFORE ITS FILING WITH THE APPROPRIATE AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01480211
IRS990/TotalAssetsEOYAmt01413552
IRS990/TotalAssetsGrp/BOYAmt01480211
IRS990/TotalAssetsGrp/EOYAmt01413552
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0283336
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029005
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455673
IRS990/TotalFunctionalExpensesGrp/TotalAmt0484678
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01886574
IRS990/TotalLiabilitiesEOYAmt01870401
IRS990/TotalLiabilitiesGrp/BOYAmt01886574
IRS990/TotalLiabilitiesGrp/EOYAmt01870401
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-406363
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-456849
IRS990/TotalProgramServiceExpensesAmt0455673
IRS990/TotalProgramServiceRevenueAmt0146122
IRS990/TotalRevenueGrp/ExclusionAmt04734
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0146122
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0434192
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01480211
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01413552
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-406363
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-456849
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt041 NORTH MAIN AVENUE
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012203
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MR KEVIN TOLLISEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HALFMOON HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0HALF
ReturnHeader/Filer/EIN0222579490
ReturnHeader/Filer/PhoneNum05184590183
ReturnHeader/Filer/USAddress/AddressLine1Txt054 KATHERINE DRIVE
ReturnHeader/Filer/USAddress/CityNm0CLIFTON PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CNA Tax Professionals Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08606 Allisonville Rd Ste 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Indianapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046250
ReturnHeader/PreparerPersonGrp/PhoneNum03178413393
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Xiaolin Shi CPA
ReturnHeader/ReturnTs02015-07-28T06:45:41-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-04-01
ReturnHeader/TaxPeriodEndDt02015-03-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.90$1.58$0.68$0.55$0.53$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.95$1.66$0.71$0.53$0.57$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.00$1.67$0.66$0.50$0.52$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.04$1.69$0.65$0.48$0.51$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.09$1.71$0.63$0.48$0.48$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.12$1.74$0.62$0.47$0.51$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.17$1.76$0.59$0.46$0.50$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.24$1.80$0.55$0.46$0.50$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.31$1.82$0.51$0.44$0.47$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.40$1.88$0.48$0.43$0.45$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.41$1.87$0.46$0.43$0.48$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.48$1.89$0.41$0.44$0.45$0.01
2013Summary only. Only limited summary data is available for this year.$1.54$1.93$0.40$0.43$0.44$0.01
2012Summary only. Only limited summary data is available for this year.$1.52$1.91$0.39$0.43$0.45$0.02
2011Summary only. Only limited summary data is available for this year.$1.59$1.96$0.37$0.44$0.47$0.03