Civic Intelligence

Islandview Housing Development Fund Company Inc

EIN 22-2642884 • 501(c)3 • Buffalo, NY

Profile

To provide housing for persons of low income where no adequate housing exists.

2393 Main StreetBuffalo, NY 14214

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

1.32x

Higher debt load relative to assets than 78% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

3.27x

Higher debt load relative to revenue than 64% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

48th percentile

-4.3%

Higher net margin than 48% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$221,101

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 51.9% of source-year revenue.

NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

20th percentile

-5.2%

Faster asset growth than 20% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

9.7%

Faster revenue growth than 71% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$1,056,113

Down $57,579 (-5.2%) from 2023

Liabilities

Down

$1,391,450

Down $39,418 (-2.8%) from 2023

Net Assets

Down

-$335,337

Down $18,161 (-5.7%) from 2023

Operations
Liabilities / Revenue64th percentileNet Margin48th percentile

Revenue

Up

$425,749

Up $37,492 (+9.7%) from 2023

Expenses

Up

$443,910

Up $89,986 (+25%) from 2023

Net Income

Down

-$18,161

Down $52,494 (-153%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2011: $1,429,368Liabilities 2011: $1,867,328Net Assets 2011: -$437,9602011Assets 2012: $1,388,019Liabilities 2012: $1,868,873Net Assets 2012: -$480,8542012Assets 2013: $1,371,360Liabilities 2013: $1,884,055Net Assets 2013: -$512,6952013Assets 2014: $1,325,668Liabilities 2014: $1,870,837Net Assets 2014: -$545,1692014Assets 2015: $1,218,926Liabilities 2015: $1,784,022Net Assets 2015: -$565,0962015Assets 2016: $1,261,181Liabilities 2016: $1,763,383Net Assets 2016: -$502,2022016Assets 2017: $1,179,552Liabilities 2017: $1,646,344Net Assets 2017: -$466,7922017Assets 2018: $1,162,647Liabilities 2018: $1,606,961Net Assets 2018: -$444,3142018Assets 2019: $1,212,666Liabilities 2019: $1,579,292Net Assets 2019: -$366,6262019Assets 2020: $1,165,405Liabilities 2020: $1,571,328Net Assets 2020: -$405,9232020Assets 2021: $1,135,366Liabilities 2021: $1,506,843Net Assets 2021: -$371,4772021Assets 2022: $1,118,101Liabilities 2022: $1,469,610Net Assets 2022: -$351,5092022Assets 2023: $1,113,692Liabilities 2023: $1,430,868Net Assets 2023: -$317,1762023Assets 2024: $1,056,113Liabilities 2024: $1,391,450Net Assets 2024: -$335,3372024

Highlighted filing

2024

Assets$1,056,113
Liabilities$1,391,450
Net Assets-$335,337
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $385,636Expenses 2011: $406,763Net Income 2011: -$21,1272011Revenue 2012: $377,446Expenses 2012: $420,340Net Income 2012: -$42,8942012Revenue 2013: $373,180Expenses 2013: $405,021Net Income 2013: -$31,8412013Revenue 2014: $357,910Expenses 2014: $390,384Net Income 2014: -$32,4742014Revenue 2015: $375,722Expenses 2015: $395,649Net Income 2015: -$19,9272015Revenue 2016: $422,174Expenses 2016: $359,280Net Income 2016: $62,8942016Revenue 2017: $408,350Expenses 2017: $372,940Net Income 2017: $35,4102017Revenue 2018: $404,179Expenses 2018: $381,701Net Income 2018: $22,4782018Revenue 2019: $408,055Expenses 2019: $330,367Net Income 2019: $77,6882019Revenue 2020: $375,754Expenses 2020: $415,051Net Income 2020: -$39,2972020Revenue 2021: $407,566Expenses 2021: $373,120Net Income 2021: $34,4462021Revenue 2022: $379,890Expenses 2022: $359,922Net Income 2022: $19,9682022Revenue 2023: $388,257Expenses 2023: $353,924Net Income 2023: $34,3332023Revenue 2024: $425,749Expenses 2024: $443,910Net Income 2024: -$18,1612024

Highlighted filing

2024

Revenue$425,749
Expenses$443,910
Net Income-$18,161
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,056,113
Liabilities
$1,391,450
Net assets
-$335,337
Revenue
$425,749
Expenses
$443,910
Net income
-$18,161
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$1.39$0.34$0.43$0.44$0.02
2023Summary only. Only limited summary data is available for this year.$1.11$1.43$0.32$0.39$0.35$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$1.47$0.35$0.38$0.36$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$1.51$0.37$0.41$0.37$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$1.57$0.41$0.38$0.42$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$1.58$0.37$0.41$0.33$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$1.61$0.44$0.40$0.38$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$1.65$0.47$0.41$0.37$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$1.76$0.50$0.42$0.36$0.06
2015Summary only. Only limited summary data is available for this year.$1.22$1.78$0.57$0.38$0.40$0.02
2014Summary only. Only limited summary data is available for this year.$1.33$1.87$0.55$0.36$0.39$0.03
2013Summary only. Only limited summary data is available for this year.$1.37$1.88$0.51$0.37$0.41$0.03
2012Summary only. Only limited summary data is available for this year.$1.39$1.87$0.48$0.38$0.42$0.04
2011Summary only. Only limited summary data is available for this year.$1.43$1.87$0.44$0.39$0.41$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2025
Return Version
2023v6.0
Gross Receipts
$425,749
Mission and Program Overview

Mission

To provide housing for persons of low income where no adequate housing exists

To provide housing for persons of low income where no adequate housing exists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$370,530$318,877▼ $51,653
Accounts Receivable$20,630$29,499▲ $8,869
Cash and Non-Interest-Bearing Accounts$8,034$7,523▼ $511
Prepaid Expenses and Deferred Charges$1,752$1,941▲ $189
Total Assets$1,113,692$1,056,113▼ $57,579
Other Assets Total$712,746$698,273▼ $14,473
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,399,804$1,358,036▼ $41,768
Accounts Payable and Accrued Expenses$11,033$16,172▲ $5,139
Escrow Account Liability$16,066$14,769▼ $1,297
Deferred Revenue$3,965$2,473▼ $1,492
Total Liabilities$1,430,868$1,391,450▼ $39,418
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-317,176$-335,337▼ $18,161
Total Net Assets Fund Balance$-317,176$-335,337▼ $18,161
Total Liabilities and Net Assets / Fund Balance$1,113,692$1,056,113▼ $57,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$268,291$1,967,022$2,235,313
Equipment$2,586$123,464$126,050
Land$48,000-$48,000
Other Assets Org$239,037--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Judith ScottBoard Member/board Treasurer$63,269$63,269

Board Members and Trustees

NameTitle
Michael RiegelBoard Member/board President
Helen RonanBoard Member/board Secretary
Kathleen CarlsonBoard Member/board VP (to 9/25/23)
Elizabeth HuckaboneBoard Member/board VP (to 9/26/23)
Aaron HejmowskiCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$394,922
Investment Income
$4,222
Other Revenue
$26,605
Change in Net Assets
$-18,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$425,749
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$425,749
Total Revenue per Form 990
$425,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$379,483
Salaries, Compensation, and Employee Benefits$64,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$64,272--$64,272
Depreciation Depletion$56,250--$56,250
Other Salaries and Wages$51,545--$51,545
Fees for Services Management$32,231--$32,231
Insurance$22,858--$22,858
Fees for Services Accounting-$17,798-$17,798
Other Employee Benefits$8,759--$8,759
Other Expenses$19,572$6,786-$6,786
Office Expenses$4,651--$4,651
Payroll Taxes$4,123--$4,123
All Other Expenses$1,127--$1,127
Advertising-$765-$765
Fees for Services Legal-$534-$534
Total Functional Expenses$418,027$25,883$0$443,910

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$443,910
Total Expenses per Audited Statements$443,910
Total Expenses per Form 990$443,910
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by an outside independent accounting firm. It is reviewed by the president of the board of directors and the chief financial officer of the organization before it is filed with the internal revenue service. A copy is provided to the entire board at a later date.”

Form 990, Part VI, Section B, Line 12

“The filing organization is currently reviewing the future implementation of conflict of interest, whistleblower and document retention policies. However, the filing organization has no employees. All day to day operations are performed by the staff of a related entity, belmont housing resources for wny, inc. Belmont has implemented all three policies.”

Form 990, Part VI, Section B, Line 15

“All employees are paid by belmont housing resources for wny, inc., a related entity. Belmont's compensation program is developed by senior management, the human resources manager, and an employee benefits and compensation consulting firm, and reviewed by the hr and compensation commmittee of the board of directors. This compensation program applies to all staff, including officers. In addition, all compensation of officers is approved by the board of directors. The compensation program includes market pricing and job slotting within established salary grades and ranges based on information provided by the independent consulting firm.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 1023 and form 990 available to the public upon request. In addition, the organization's form 990 is also available on the website guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents, internal policies, and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Islandview Housing Development Fund
EIN
22-2642884
Phone
7168847791
Address
2393 MAIN STREET, BUFFALO, NY 14214

Signing Officer

Name
Michael Riegel
Title
President
Phone
7168847791
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Riegel
Formed
1985
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Freed Maxick Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE #2C

“The audit oversight process and the independent accountant selection process have not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits are held in a separate bank account in the name of the project. Interest earned on such deposits is paid to the individual tenants on an annual basis.”

PART X, LINE 2:

“The company is exempt under section 501(c)(3) of the u.s. Internal revenue code and section 402 of the new york state not-for-profit corporation law. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. U.s. Gaap provides guidance on the financial statement recognition and measurement for income tax positions that the company has taken or expects to take in the company's income tax returns. Organizations take many tax positions relative to tax laws, including those taken in determining whether tax is due, a refund is owed, a tax return needs to be filed, or the characterization of income as taxable (for example, unrelated business income) or nontaxable. The company has not recorded any liabilities relating to uncertain tax positions. The company files its return of organization exempt from income tax in the u.s. Federal jurisdiction and its annual filing of charitable organizations in new york state.”

Raw XML AppendixShowing 400 of 824 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/PersonNm3HELEN RONAN
IRS990/Form990PartVIISectionAGrp/PersonNm4JUDITH SCOTT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER/BOARD VP (TO 9/26/23)
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IRS990/NetAssetsOrFundBalancesEOYAmt0-335337
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt08759
IRS990/OtherExpensesGrp/Desc0MAINTENANCE & REPAIRS
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IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06786
IRS990/OtherExpensesGrp/ProgramServicesAmt0129949
IRS990/OtherExpensesGrp/ProgramServicesAmt122690
IRS990/OtherExpensesGrp/ProgramServicesAmt219572
IRS990/OtherExpensesGrp/TotalAmt0129949
IRS990/OtherExpensesGrp/TotalAmt122690
IRS990/OtherExpensesGrp/TotalAmt219572
IRS990/OtherExpensesGrp/TotalAmt36786
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
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IRS990/OtherSalariesAndWagesGrp/TotalAmt051545
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04123
IRS990/PayrollTaxesGrp/TotalAmt04123
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01941
IRS990/PrincipalOfficerNm0MICHAEL RIEGEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0394922
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
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IRS990/PYTotalExpensesAmt0353924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0388257
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-18161
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0421527
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04222
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0477
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01135
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0421527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0386206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0379413
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0407011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0374619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01968776
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04222
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08440
IRS990ScheduleA/InvestmentIncomeCYPct00.00430
IRS990ScheduleA/InvestmentIncomePYPct00.00250
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99570
IRS990ScheduleA/PublicSupportPY509Pct00.99750
IRS990ScheduleA/PublicSupportTotal509Amt01968776
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0421527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0386206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0379413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0407011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0374619
IRS990ScheduleA/Total509Grp/TotalAmt01968776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0425749
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0388257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0379890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0407566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0375754
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01977216
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0268291
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01967022
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02235313
IRS990ScheduleD/EquipmentGrp/BookValueAmt02586
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0123464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126050
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0443910
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt048000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt048000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120824
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2347412
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt376231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4239037
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEBT SERVICE RESERVE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0425749
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT IN THE NAME OF THE PROJECT. INTEREST EARNED ON SUCH DEPOSITS IS PAID TO THE INDIVIDUAL TENANTS ON AN ANNUAL BASIS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE COMPANY IS EXEMPT UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND SECTION 402 OF THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE IN THE COMPANY'S INCOME TAX RETURNS. ORGANIZATIONS TAKE MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME AS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE COMPANY HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS. THE COMPANY FILES ITS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IN THE U.S. FEDERAL JURISDICTION AND ITS ANNUAL FILING OF CHARITABLE ORGANIZATIONS IN NEW YORK STATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0318877
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0698273
IRS990ScheduleD/TotalExpensesPerForm990Amt0443910
IRS990ScheduleD/TotalRevenuePerForm990Amt0425749
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0425749
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0443910
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0196021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1148067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17470
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017304
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL RIEGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1AARON HEJMOWSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER/BOARD PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDES MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. IT IS REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY IS PROVIDED TO THE ENTIRE BOARD AT A LATER DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FILING ORGANIZATION IS CURRENTLY REVIEWING THE FUTURE IMPLEMENTATION OF CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. HOWEVER, THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY, INC. BELMONT HAS IMPLEMENTED ALL THREE POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDES MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ON THE WEBSITE GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, INTERNAL POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE AUDIT OVERSIGHT PROCESS AND THE INDEPENDENT ACCOUNTANT SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B

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