Civic Intelligence

Kamargo Housing Development Fund

990 • Fiscal year 2021 • EIN 22-2989698

Jan 01, 2021 to Dec 31, 2021 • Filed on May 09, 2022

224 Leray StBlack River, NY 13612

(315) 773-6918

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

4.97x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

16th percentile

-5.4%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-5.4%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$710,831

Down $40,189 (-5.4%) from 2020

Net Assets

Down

-$212,923

Down $28,025 (-15%) from 2020

Liabilities

Down

$923,754

Down $12,164 (-1.3%) from 2020

Revenue

Down

$185,738

Down $10,553 (-5.4%) from 2020

Expenses

Down

$213,763

Down $265 (-0.1%) from 2020

Net Income

Down

-$28,025

Down $10,288 (-58%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $678,712Liabilities 2010: $895,751Net Assets 2010: -$217,0392010Assets 2011: $652,981Liabilities 2011: $880,933Net Assets 2011: -$227,9522011Assets 2012: $638,843Liabilities 2012: $861,199Net Assets 2012: -$222,3562012Assets 2013: $630,191Liabilities 2013: $840,421Net Assets 2013: -$210,2302013Assets 2014: $606,394Liabilities 2014: $821,335Net Assets 2014: -$214,9412014Assets 2015: $947,400Liabilities 2015: $1,134,104Net Assets 2015: -$186,7042015Assets 2016: $811,674Liabilities 2016: $984,900Net Assets 2016: -$173,2262016Assets 2017: $815,914Liabilities 2017: $980,535Net Assets 2017: -$164,6212017Assets 2018: $811,701Liabilities 2018: $974,049Net Assets 2018: -$162,3482018Assets 2019: $784,580Liabilities 2019: $951,739Net Assets 2019: -$167,1592019Assets 2020: $751,020Liabilities 2020: $935,918Net Assets 2020: -$184,8982020Assets 2021: $710,831Liabilities 2021: $923,754Net Assets 2021: -$212,9232021Assets 2022: $683,545Liabilities 2022: $923,002Net Assets 2022: -$239,4572022Assets 2023: $634,583Liabilities 2023: $898,234Net Assets 2023: -$263,6512023Assets 2024: $605,286Liabilities 2024: $871,599Net Assets 2024: -$266,3132024

Highlighted filing

2021

Assets$710,831
Liabilities$923,754
Net Assets-$212,923

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $181,2612010Expenses 2011: $187,1112011Expenses 2012: $173,6452012Revenue 2013: $182,811Expenses 2013: $170,685Net Income 2013: $12,1262013Revenue 2014: $186,190Expenses 2014: $190,901Net Income 2014: -$4,7112014Revenue 2015: $191,612Expenses 2015: $163,375Net Income 2015: $28,2372015Revenue 2016: $196,917Expenses 2016: $183,439Net Income 2016: $13,4782016Revenue 2017: $191,214Expenses 2017: $182,609Net Income 2017: $8,6052017Revenue 2018: $195,593Expenses 2018: $193,320Net Income 2018: $2,2732018Revenue 2019: $201,201Expenses 2019: $206,012Net Income 2019: -$4,8112019Revenue 2020: $196,291Expenses 2020: $214,028Net Income 2020: -$17,7372020Revenue 2021: $185,738Expenses 2021: $213,763Net Income 2021: -$28,0252021Revenue 2022: $191,861Expenses 2022: $218,395Net Income 2022: -$26,5342022Revenue 2023: $191,599Expenses 2023: $215,793Net Income 2023: -$24,1942023Revenue 2024: $224,670Expenses 2024: $227,332Net Income 2024: -$2,6622024

Highlighted filing

2021

Revenue$185,738
Expenses$213,763
Net Income-$28,025
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.2
Gross Receipts
$185,738
Mission and Program Overview

Mission

Hud subsidized rental housing to elderly & mobility impaired individuals with low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$567,363$534,427▼ $32,936
Savings and Temporary Cash Investments$165,571$170,836▲ $5,265
Prepaid Expenses and Deferred Charges$2,976$3,010▲ $34
Accounts Receivable$5,330$1,325▼ $4,005
Cash and Non-Interest-Bearing Accounts$9,780$1,233▼ $8,547
Total Assets$751,020$710,831▼ $40,189
Liabilities
Mortgage Notes Payable Secured by Investment Property$916,045$900,849▼ $15,196
Accounts Payable and Accrued Expenses$9,784$14,035▲ $4,251
Other Liabilities$10,089$8,870▼ $1,219
Total Liabilities$935,918$923,754▼ $12,164
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-184,898$-212,923▼ $28,025
Total Net Assets Fund Balance$-184,898$-212,923▼ $28,025
Total Liabilities and Net Assets / Fund Balance$751,020$710,831▼ $40,189

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$515,542$761,376$1,276,918
Equipment$18,719$117,704$136,423
Leasehold Improvements$166$8,128$8,294
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael MontigelliPresident
Vinnie CesarioVice President
Gary MccullochMember
Heather SaskiMember
Lee ClearyMember
Mark WaterhouseSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$180,914
Investment Income
$72
Other Revenue
$4,752
Change in Net Assets
$-28,025

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,738
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$185,738
Total Revenue per Form 990
$185,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,592
Salaries, Compensation, and Employee Benefits$41,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$44,141--$44,141
Depreciation Depletion$38,739$41-$38,780
Other Salaries and Wages$27,358$10,589-$37,947
Occupancy$29,474--$29,474
Fees for Services Management$5,576$5,576-$11,152
Insurance$9,002--$9,002
Fees for Services Accounting-$6,500-$6,500
Office Expenses-$5,619-$5,619
Other Expenses$4,571$1,960-$4,571
Payroll Taxes$2,471$753-$3,224
Advertising$740--$740
Total Functional Expenses$182,725$31,038$0$213,763

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$213,763
Total Expenses per Audited Statements$213,763
Total Expenses per Form 990$213,763
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
Tenant Security Deposits$8,870
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Organization is managed by the clayton improvement association for a fee of 6% gross revenues.

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

The governing body reviews the form 990 for completeness and accuracy before it is filed.

Form 990, Part VI, Section B, Line 12C

Conflict of interest reviewed and signed off on by all members annually.

Form 990, Part VI, Section B, Line 15

Salaries, wages and compensation is reviewed at the appropriate level of management or board.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kamargo Housing Dev Fund Co Inc
EIN
22-2989698
Phone
3157736918
Address
224 LERAY ST, BLACK RIVER, NY 13612

Signing Officer

Name
Michael Montigelli
Title
President
Phone
3157736918
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Montigelli
Formed
1993
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Dimarco Abiusi & Pascarella Cpas Pc
Address
4 CLINTON SQUARE - SUITE 104, SYRACUSE, NY 13202-1074
Preparer
Maria Snyder
Phone
3154756954
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit.

Raw XML AppendixShowing 400 of 404 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/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0379
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01645
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04752
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02475
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02508
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01353
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01735
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012823
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97370
IRS990ScheduleA/PublicSupportPY170Pct00.96190
IRS990ScheduleA/PublicSupportTotal170Amt0536399
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt097074
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0111992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0113072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0109528
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0536399
IRS990ScheduleA/TotalSupportAmt0550867
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0515542
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0761376
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01276918
IRS990ScheduleD/EquipmentGrp/BookValueAmt018719
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0117704
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0136423
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0213763
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0166
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08128
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08870
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0185738
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0534427
IRS990ScheduleD/TotalExpensesPerForm990Amt0213763
IRS990ScheduleD/TotalLiabilityAmt08870
IRS990ScheduleD/TotalRevenuePerForm990Amt0185738
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0185738
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0213763
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION IS MANAGED BY THE CLAYTON IMPROVEMENT ASSOCIATION FOR A FEE OF 6% GROSS REVENUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST REVIEWED AND SIGNED OFF ON BY ALL MEMBERS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES, WAGES AND COMPENSATION IS REVIEWED AT THE APPROPRIATE LEVEL OF MANAGEMENT OR BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0751020
IRS990/TotalAssetsEOYAmt0710831
IRS990/TotalAssetsGrp/BOYAmt0751020
IRS990/TotalAssetsGrp/EOYAmt0710831
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031038
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0213763
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0935918
IRS990/TotalLiabilitiesEOYAmt0923754
IRS990/TotalLiabilitiesGrp/BOYAmt0935918
IRS990/TotalLiabilitiesGrp/EOYAmt0923754
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-184898
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-212923
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0182725
IRS990/TotalProgramServiceRevenueAmt0180914
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt072
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0185666
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185738
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0751020
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0710831
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0224 LERAY ST
IRS990/USAddress/CityNm0BLACK RIVER
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013612
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MONTIGELLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03157736918
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KAMARGO HOUSING DEV FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0KAMA
ReturnHeader/Filer/EIN0222989698
ReturnHeader/Filer/PhoneNum03157736918
ReturnHeader/Filer/USAddress/AddressLine1Txt0224 LERAY ST
ReturnHeader/Filer/USAddress/CityNm0BLACK RIVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013612
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161427749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIMARCO ABIUSI & PASCARELLA CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04 CLINTON SQUARE - SUITE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SYRACUSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0132021074
ReturnHeader/PreparerPersonGrp/PhoneNum03154756954
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA SNYDER
ReturnHeader/ReturnTs02022-05-09T14:24:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.87$0.27$0.22$0.23$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.63$0.90$0.26$0.19$0.22$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.92$0.24$0.19$0.22$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.92$0.21$0.19$0.21$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.75$0.94$0.18$0.20$0.21$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.95$0.17$0.20$0.21$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.97$0.16$0.20$0.19$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.82$0.98$0.16$0.19$0.18$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.98$0.17$0.20$0.18$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.95$1.13$0.19$0.19$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.82$0.21$0.19$0.19$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.84$0.21$0.18$0.17$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.86$0.22$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.88$0.23$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.90$0.22$0.18