Civic Intelligence

Hogansburg Housing Development Fund Company Inc.

990 • Fiscal year 2015 • EIN 22-2710501

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 25, 2016

PO Box 402Rooseveltown, NY 13683

(518) 358-4860

Siviq Scores

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

Liabilities / Assets

74th percentile

1.26x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

5.31x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Net Margin

48th percentile

-5.9%

Higher net margin than 48% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Asset Growth

42nd percentile

-2.8%

Faster asset growth than 42% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

1.3%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$802,618

Down $23,160 (-2.8%) from 2014

Net Assets

Down

-$211,062

Down $11,225 (-5.6%) from 2014

Liabilities

Down

$1,013,680

Down $11,935 (-1.2%) from 2014

Revenue

Up

$190,834

Up $2,403 (+1.3%) from 2014

Expenses

Down

$202,059

Down $4,040 (-2.0%) from 2014

Net Income

Up

-$11,225

Up $6,443 (+36%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $868,682Liabilities 2011: $1,091,538Net Assets 2011: -$222,8562011Assets 2012: $874,741Liabilities 2012: $1,058,798Net Assets 2012: -$184,0572012Assets 2013: $851,127Liabilities 2013: $1,033,296Net Assets 2013: -$182,1692013Assets 2014: $825,778Liabilities 2014: $1,025,615Net Assets 2014: -$199,8372014Assets 2015: $802,618Liabilities 2015: $1,013,680Net Assets 2015: -$211,0622015Assets 2016: $778,250Liabilities 2016: $989,307Net Assets 2016: -$211,0572016Assets 2017: $1,351,453Liabilities 2017: $1,557,891Net Assets 2017: -$206,4382017Assets 2018: $1,346,001Liabilities 2018: $1,574,334Net Assets 2018: -$228,3332018Assets 2019: $1,212,639Liabilities 2019: $1,480,041Net Assets 2019: -$267,4022019Assets 2020: $1,162,632Liabilities 2020: $1,463,889Net Assets 2020: -$301,2572020Assets 2021: $1,129,621Liabilities 2021: $1,453,332Net Assets 2021: -$323,7112021Assets 2022: $1,080,917Liabilities 2022: $1,451,615Net Assets 2022: -$370,6982022Assets 2023: $1,063,295Liabilities 2023: $1,465,407Net Assets 2023: -$402,1122023Assets 2024: $1,031,709Liabilities 2024: $1,447,975Net Assets 2024: -$416,2662024

Highlighted filing

2015

Assets$802,618
Liabilities$1,013,680
Net Assets-$211,062

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $188,418Expenses 2011: $178,634Net Income 2011: $9,7842011Revenue 2012: $222,723Expenses 2012: $183,924Net Income 2012: $38,7992012Expenses 2013: $182,7362013Revenue 2014: $188,431Expenses 2014: $206,099Net Income 2014: -$17,6682014Revenue 2015: $190,834Expenses 2015: $202,059Net Income 2015: -$11,2252015Revenue 2016: $190,348Expenses 2016: $189,751Net Income 2016: $5972016Revenue 2017: $189,908Expenses 2017: $185,289Net Income 2017: $4,6192017Revenue 2018: $168,640Expenses 2018: $190,535Net Income 2018: -$21,8952018Revenue 2019: $182,625Expenses 2019: $221,694Net Income 2019: -$39,0692019Revenue 2020: $164,561Expenses 2020: $198,416Net Income 2020: -$33,8552020Revenue 2021: $163,415Expenses 2021: $185,869Net Income 2021: -$22,4542021Revenue 2022: $197,345Expenses 2022: $244,341Net Income 2022: -$46,9962022Revenue 2023: $184,678Expenses 2023: $216,092Net Income 2023: -$31,4142023Revenue 2024: $214,485Expenses 2024: $228,639Net Income 2024: -$14,1542024

Highlighted filing

2015

Revenue$190,834
Expenses$202,059
Net Income-$11,225
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 25, 2016
Return Version
2014v6.0
Gross Receipts
$190,834
Mission and Program Overview

Mission

Subsidized Housing provided to elderly and disabledHUD Project #014-EH185-NY06-7861-003

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$669,387$639,477▼ $29,910
Savings and Temporary Cash Investments$142,981$148,609▲ $5,628
Accounts Receivable$7,811$6,688▼ $1,123
Cash and Non-Interest-Bearing Accounts$2,167$4,517▲ $2,350
Prepaid Expenses and Deferred Charges$2,841$2,736▼ $105
Pledges and Grants Receivable$591$591→ $0
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$825,778$802,618▼ $23,160
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$944,652$914,525▼ $30,127
Accounts Payable and Accrued Expenses$80,963$99,155▲ $18,192
Total Liabilities$1,025,615$1,013,680▼ $11,935
Net Assets / Fund Balance
Unrestricted Net Assets$-199,837$-211,062▼ $11,225
Total Net Assets Fund Balance$-199,837$-211,062▼ $11,225
Total Liabilities and Net Assets / Fund Balance$825,778$802,618▼ $23,160

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,398$2,501$7,899
Buildings$582,371$630,902-
Land$16,000--
Equipment$35,708$56,308$-259
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carole M RossPresident
Lora Lee LaFranceVice President
Barbara MontourDirector
Brenda LaFranceDirector
Irene CookTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$113,239
Program Service Revenue
$74,043
Investment Income
$68
Other Revenue
$3,484
All Other Contributions
$500
Change in Net Assets
$-11,225

Audited Revenue Reconciliation

Revenue per Audited Statements
$190,834
Total Revenue per Audited Statements
$190,834
Total Revenue per Form 990
$190,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,059
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
Interest$83,499--$83,499
Office Expenses$30,290$9,739-$40,029
Depreciation Depletion$33,783--$33,783
Insurance$11,476--$11,476
Other Expenses$7,055--$7,055
Total Functional Expenses$192,320$9,739$0$202,059

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$202,059
Total Expenses per Audited Statements$202,059
Total Expenses per Form 990$202,059
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No

Governance Explanations

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

Organization has 5 members on its board

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

The governing body is the members of the board

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

The return is reviewed by the CPA, Executive Director and Finance Officer

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

Not provided to public

Filing and Contact Details

Filer

Filer Name
Hogansburg Housing Development
EIN
22-2710501
Phone
5183584860
Address
PO Box 402, Rooseveltown, NY 13683

Signing Officer

Name
Carole M Ross
Title
President
Signed
2016-02-25
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Hoffman Eells & Gray CPAs PC
Address
31 Elm Street / PO Box 189, Malone, NY 12953-0189
Preparer
Nicholas P Eells CPA
Phone
5184831630
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

UNCERTAIN INCOME TAX POSITIONFASB ASC 740, "Income Taxes", requires entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years including 2010 and later are subject to examination by tax authorities. Areas that IRS and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. Hogansburg Housing Development Fund Company, Inc. does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liabiity for penalties or interest.The Organization is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.

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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt077342
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0142981
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0148609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0112739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0109840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0109581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0149063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt064882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0546105
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt074043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt074038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt068147
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0285914
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03446
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04483
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05290
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05513
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018732
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64190
IRS990ScheduleA/PublicSupportPY170Pct00.68650
IRS990ScheduleA/PublicSupportTotal170Amt0546105
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0112739
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0109840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0109581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0149063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt064882
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0546105
IRS990ScheduleA/TotalSupportAmt0850751
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0582371
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0630902
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01213273
IRS990ScheduleD/EquipmentGrp/BookValueAmt035708
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056308
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt092275
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0-259
IRS990ScheduleD/ExpensesSubtotalAmt0202059
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt016000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt016000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05398
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02501
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07899
IRS990ScheduleD/RevenueSubtotalAmt0190834
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN INCOME TAX POSITIONFASB ASC 740, "Income Taxes", requires entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years including 2010 and later are subject to examination by tax authorities. Areas that IRS and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. Hogansburg Housing Development Fund Company, Inc. does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liabiity for penalties or interest.The Organization is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0639477
IRS990ScheduleD/TotalExpensesPerForm990Amt0202059
IRS990ScheduleD/TotalRevenuePerForm990Amt0190834
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0190834
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0202059
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization has 5 members on its board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing body is the members of the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The return is reviewed by the CPA, Executive Director and Finance Officer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Not provided to public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 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/TotalAssetsBOYAmt0825778
IRS990/TotalAssetsEOYAmt0802618
IRS990/TotalAssetsGrp/BOYAmt0825778
IRS990/TotalAssetsGrp/EOYAmt0802618
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0113239
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09739
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0192320
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202059
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01025615
IRS990/TotalLiabilitiesEOYAmt01013680
IRS990/TotalLiabilitiesGrp/BOYAmt01025615
IRS990/TotalLiabilitiesGrp/EOYAmt01013680
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-199837
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-211062
IRS990/TotalProgramServiceExpensesAmt0192320
IRS990/TotalProgramServiceRevenueAmt074043
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt077595
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0190834
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0825778
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0802618
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-199837
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-211062
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carole M Ross
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hogansburg Housing Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Fund Co Inc
ReturnHeader/Filer/BusinessNameControlTxt0HOGA
ReturnHeader/Filer/EIN0222710501
ReturnHeader/Filer/PhoneNum05183584860
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 402
ReturnHeader/Filer/USAddress/CityNm0Rooseveltown
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013683
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hoffman Eells & Gray CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 Elm Street / PO Box 189

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$1.45$0.42$0.21$0.23$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.06$1.47$0.40$0.18$0.22$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.08$1.45$0.37$0.20$0.24$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.13$1.45$0.32$0.16$0.19$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.46$0.30$0.16$0.20$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.21$1.48$0.27$0.18$0.22$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.35$1.57$0.23$0.17$0.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.35$1.56$0.21$0.19$0.19$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.99$0.21$0.19$0.19$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.80$1.01$0.21$0.19$0.20$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.83$1.03$0.20$0.19$0.21$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$1.03$0.18$0.18
2012Summary only. Only limited summary data is available for this year.$0.87$1.06$0.18$0.22$0.18$0.04
2011Summary only. Only limited summary data is available for this year.$0.87$1.09$0.22$0.19$0.18$0.01