Civic Intelligence

St. Simeon II Housing Development Fund Company Inc.

990 • Fiscal year 2017 • EIN 22-2959500

Aug 01, 2016 to Jul 31, 2017 • Filed on Oct 11, 2017

9 Hilltop CourtPoughkeepsie, NY 12601

(845) 471-9651

Siviq Scores

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

Liabilities / Assets

94th percentile

1.22x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.38x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

30th percentile

-2.2%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

1.6%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,381,417

Down $52,731 (-2.2%) from 2016

Net Assets

Down

-$530,157

Down $9,303 (-1.8%) from 2016

Liabilities

Down

$2,911,574

Down $43,428 (-1.5%) from 2016

Revenue

Up

$541,601

Up $8,573 (+1.6%) from 2016

Expenses

Down

$550,907

Down $28,952 (-5.0%) from 2016

Net Income

Up

-$9,306

Up $37,525 (+80%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,137,743Liabilities 2011: $2,488,598Net Assets 2011: -$350,8552011Assets 2012: $2,070,610Liabilities 2012: $2,460,242Net Assets 2012: -$389,6322012Assets 2013: $2,076,868Liabilities 2013: $2,442,482Net Assets 2013: -$365,6142013Assets 2014: $2,585,766Liabilities 2014: $3,085,573Net Assets 2014: -$499,8072014Assets 2015: $2,546,345Liabilities 2015: $3,020,368Net Assets 2015: -$474,0232015Assets 2016: $2,434,148Liabilities 2016: $2,955,002Net Assets 2016: -$520,8542016Assets 2017: $2,381,417Liabilities 2017: $2,911,574Net Assets 2017: -$530,1572017Assets 2018: $2,368,152Liabilities 2018: $2,895,314Net Assets 2018: -$527,1622018Assets 2019: $2,583,816Liabilities 2019: $2,868,624Net Assets 2019: -$284,8082019Assets 2020: $2,671,063Liabilities 2020: $2,817,284Net Assets 2020: -$146,2212020Assets 2021: $2,654,028Liabilities 2021: $2,719,540Net Assets 2021: -$65,5122021Assets 2022: $2,669,516Liabilities 2022: $2,659,264Net Assets 2022: $10,2522022Assets 2023: $2,699,477Liabilities 2023: $2,652,024Net Assets 2023: $47,4532023Assets 2024: $2,796,219Liabilities 2024: $2,561,975Net Assets 2024: $234,2442024Assets 2025: $2,962,204Liabilities 2025: $2,590,639Net Assets 2025: $371,5652025

Highlighted filing

2017

Assets$2,381,417
Liabilities$2,911,574
Net Assets-$530,157

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $489,530Expenses 2011: $546,707Net Income 2011: -$57,1772011Expenses 2012: $540,9832012Expenses 2013: $539,9242013Revenue 2014: $505,538Expenses 2014: $639,731Net Income 2014: -$134,1932014Revenue 2015: $545,539Expenses 2015: $519,755Net Income 2015: $25,7842015Revenue 2016: $533,028Expenses 2016: $579,859Net Income 2016: -$46,8312016Revenue 2017: $541,601Expenses 2017: $550,907Net Income 2017: -$9,3062017Revenue 2018: $548,594Expenses 2018: $545,599Net Income 2018: $2,9952018Revenue 2019: $887,397Expenses 2019: $645,043Net Income 2019: $242,3542019Revenue 2020: $881,440Expenses 2020: $742,853Net Income 2020: $138,5872020Revenue 2021: $880,534Expenses 2021: $799,825Net Income 2021: $80,7092021Revenue 2022: $887,508Expenses 2022: $799,551Net Income 2022: $87,9572022Revenue 2023: $929,839Expenses 2023: $892,638Net Income 2023: $37,2012023Revenue 2024: $1,057,906Expenses 2024: $871,115Net Income 2024: $186,7912024Revenue 2025: $1,136,697Expenses 2025: $999,376Net Income 2025: $137,3212025

Highlighted filing

2017

Revenue$541,601
Expenses$550,907
Net Income-$9,306
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Oct 11, 2017
Return Version
2016v3.0
Gross Receipts
$541,601
Mission and Program Overview

Mission

Senior citizens low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,710,351$1,870,818▲ $160,467
Intangible Assets$84,998$82,376▼ $2,622
Pledges and Grants Receivable$17,336$18,976▲ $1,640
Prepaid Expenses and Deferred Charges$13,945$15,002▲ $1,057
Cash and Non-Interest-Bearing Accounts$4,224$2,958▼ $1,266
Total Assets$2,434,148$2,381,417▼ $52,731
Other Assets Total$603,294$391,287▼ $212,007
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,863,001$2,818,359▼ $44,642
Other Liabilities$90,160$93,215▲ $3,055
Accounts Payable and Accrued Expenses$1,841--
Total Liabilities$2,955,002$2,911,574▼ $43,428
Net Assets / Fund Balance
Unrestricted Net Assets$-520,854$-530,157▼ $9,303
Total Net Assets Fund Balance$-520,854$-530,157▼ $9,303
Total Liabilities and Net Assets / Fund Balance$2,434,148$2,381,417▼ $52,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,206,370$1,891,223$3,097,593
Other Land Buildings$484,238$124,645$608,883
Land$180,000-$180,000
Equipment$210$53,819$54,029
Other Assets Org$391,287--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$339,093
Program Service Revenue
$198,653
Investment Income
$1,350
Other Revenue
$2,505
Change in Net Assets
$-9,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$541,601
Total Revenue per Audited Statements
$541,601
Total Revenue per Form 990
$541,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$421,921
Salaries, Compensation, and Employee Benefits$128,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$121,226--$121,226
Depreciation Depletion$99,834--$99,834
Other Salaries and Wages$82,266--$82,266
Other Employee Benefits$36,572--$36,572
Occupancy$35,382--$35,382
Insurance$29,946--$29,946
Office Expenses$29,653--$29,653
All Other Expenses$12,909--$12,909
Payroll Taxes$10,148--$10,148
Fees for Services Accounting-$9,025-$9,025
Other Expenses$6,363--$6,363
Total Functional Expenses$541,882$9,025$0$550,907

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$550,907
Total Expenses per Audited Statements$550,907
Total Expenses per Form 990$550,907
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
Rockfall Funding S/t$44,642
Due to Related Party$26,203
Tenant Security Deposits$18,976
Accrued Expense$3,394
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
St Simeon Ii Housing Development
EIN
22-2959500
Phone
8454719651
Address
9 HILLTOP COURT, POUGHKEEPSIE, NY 12601

Signing Officer

Name
Kathleen Finn
Title
Chairperson
Phone
8454719651
Signed
2017-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Finn
Formed
1968
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
10

Preparer

Firm
Michaud Accavallo Woodbridge & Cusano
Address
158 MAIN ST STE 301, ANSONIA, CT 06401
Preparer
John Accavallo
Phone
2037322311
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

OTHER 3

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013945
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015002
IRS990/PrincipalOfficerNm0KATHLEEN FINN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTS
IRS990/ProgramServiceRevenueGrp/Desc1APARTMENT VACANCIES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0211917
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1-13264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0211917
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-13264
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0340833
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01070
IRS990/PYOtherExpensesAmt0454911
IRS990/PYOtherRevenueAmt02184
IRS990/PYProgramServiceRevenueAmt0188941
IRS990/PYRevenuesLessExpensesAmt0-46831
IRS990/PYSalariesCompEmpBnftPaidAmt0124948
IRS990/PYTotalExpensesAmt0579859
IRS990/PYTotalRevenueAmt0533028
IRS990/ReconcilationRevenueExpnssAmt0-9306
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0198653
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0339093
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0340833
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0330047
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0297934
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0353373
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01661280
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01070
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0816
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0679
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0657
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02184
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0219287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0209912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0438711
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0198653
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0188941
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0209853
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0203893
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0801340
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0816
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0679
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0657
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04572
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt02901331
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0540251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0531958
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0544723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0721114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0563285
IRS990ScheduleA/Total509Grp/TotalAmt02901331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0541601
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0533028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0545539
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0721793
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0563942
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02905903
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01206370
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01891223
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03097593
IRS990ScheduleD/EquipmentGrp/BookValueAmt0210
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053819
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054029
IRS990ScheduleD/ExpensesSubtotalAmt0550907
IRS990ScheduleD/LandGrp/BookValueAmt0180000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0180000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0391287
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS / FUNDS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0484238
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0124645
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0608883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt218976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33394
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ROCKFALL FUNDING S/T
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED EXPENSE
IRS990ScheduleD/RevenueSubtotalAmt0541601
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01870818
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0391287
IRS990ScheduleD/TotalExpensesPerForm990Amt0550907
IRS990ScheduleD/TotalLiabilityAmt093215
IRS990ScheduleD/TotalRevenuePerForm990Amt0541601
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0541601
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0550907
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02434148
IRS990/TotalAssetsEOYAmt02381417
IRS990/TotalAssetsGrp/BOYAmt02434148
IRS990/TotalAssetsGrp/EOYAmt02381417
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0339093
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09025
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0541882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0550907
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02955002
IRS990/TotalLiabilitiesEOYAmt02911574
IRS990/TotalLiabilitiesGrp/BOYAmt02955002
IRS990/TotalLiabilitiesGrp/EOYAmt02911574
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-520854
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-530157
IRS990/TotalProgramServiceExpensesAmt0541882

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$2.59$0.37$1.14$1.00$0.14
2024Detailed filing. Detailed filing data is available for this year.$2.80$2.56$0.23$1.06$0.87$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.70$2.65$0.05$0.93$0.89$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.67$2.66$0.01$0.89$0.80$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$2.72$0.07$0.88$0.80$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.67$2.82$0.15$0.88$0.74$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.58$2.87$0.28$0.89$0.65$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.37$2.90$0.53$0.55$0.55$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.38$2.91$0.53$0.54$0.55$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.43$2.96$0.52$0.53$0.58$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.55$3.02$0.47$0.55$0.52$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.59$3.09$0.50$0.51$0.64$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$2.44$0.37$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$2.46$0.39$0.54
2011Summary only. Only limited summary data is available for this year.$2.14$2.49$0.35$0.49$0.55$0.06