Civic Intelligence

Willow Lutheran Housing Development Fund Co Inc

990 • Fiscal year 2013 • EIN 22-3026259

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 15, 2014

737 Falconer Street14701

(716) 665-8197

Siviq Scores

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

Liabilities / Assets

95th percentile

1.31x

Higher debt load relative to assets than 95% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

96th percentile

5.73x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

42nd percentile

0.3%

Higher net margin than 42% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

96th percentile

$331,895

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 84.3% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

20th percentile

-5.3%

Faster asset growth than 20% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

50th percentile

3.4%

Faster revenue growth than 50% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2013

Assets

Down

$1,723,591

Down $96,103 (-5.3%) from 2012

Net Assets

Up

-$532,248

Up $1,239 (+0.2%) from 2012

Liabilities

Down

$2,255,839

Down $97,342 (-4.1%) from 2012

Revenue

$393,566

No earlier filing loaded for comparison.

Expenses

Up

$392,327

Up $30,933 (+8.6%) from 2012

Net Income

$1,239

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,235,741Liabilities 2010: $1,766,439Net Assets 2010: -$530,6982010Assets 2011: $1,907,406Liabilities 2011: $2,475,492Net Assets 2011: -$568,0862011Assets 2012: $1,819,694Liabilities 2012: $2,353,181Net Assets 2012: -$533,4872012Assets 2013: $1,723,591Liabilities 2013: $2,255,839Net Assets 2013: -$532,2482013Assets 2014: $1,695,839Liabilities 2014: $2,232,064Net Assets 2014: -$536,2252014Assets 2015: $1,688,221Liabilities 2015: $2,224,335Net Assets 2015: -$536,1142015Assets 2016: $1,613,878Liabilities 2016: $2,189,815Net Assets 2016: -$575,9372016Assets 2017: $1,509,165Liabilities 2017: $2,127,917Net Assets 2017: -$618,7522017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2013

Assets$1,723,591
Liabilities$2,255,839
Net Assets-$532,248

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $355,790Expenses 2010: $379,976Net Income 2010: -$24,1862010Expenses 2011: $370,5212011Expenses 2012: $361,3942012Revenue 2013: $393,566Expenses 2013: $392,327Net Income 2013: $1,2392013Revenue 2014: $386,790Expenses 2014: $390,767Net Income 2014: -$3,9772014Revenue 2015: $392,669Expenses 2015: $392,558Net Income 2015: $1112015Revenue 2016: $355,860Expenses 2016: $395,683Net Income 2016: -$39,8232016Revenue 2017: $347,347Expenses 2017: $390,162Net Income 2017: -$42,8152017Revenue 2018: $1,426,463Expenses 2018: $338,941Net Income 2018: $1,087,5222018

Highlighted filing

2013

Revenue$393,566
Expenses$392,327
Net Income$1,239
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 15, 2014
Return Version
2013v3.1
Gross Receipts
$393,566
Mission and Program Overview

Mission

Hud subsidized housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,361,597$1,292,983▼ $68,614
Savings and Temporary Cash Investments$338,693$300,312▼ $38,381
Cash and Non-Interest-Bearing Accounts$1,363$14,083▲ $12,720
Prepaid Expenses and Deferred Charges-$2,225-
Accounts Receivable$689$1,445▲ $756
Total Assets$1,819,694$1,723,591▼ $96,103
Other Assets Total$117,352$112,543▼ $4,809
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,252,802$2,222,654▼ $30,148
Accounts Payable and Accrued Expenses$20,309$23,647▲ $3,338
Other Liabilities$80,070$9,538▼ $70,532
Total Liabilities$2,353,181$2,255,839▼ $97,342
Net Assets / Fund Balance
Unrestricted Net Assets$-533,487$-532,248▲ $1,239
Total Net Assets Fund Balance$-533,487$-532,248▲ $1,239
Total Liabilities and Net Assets / Fund Balance$1,819,694$1,723,591▼ $96,103

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,172,869$1,222,265$2,395,134
Other Land Buildings$30,244$61,877$92,121
Land$89,095-$89,095
Equipment$775$12,753$13,528
Other Assets Org$103,005--
Compensation and Service Providers

Employees

NameTitleOtherTotal
J Eric LivengoodDirector$331,895$331,895
Thomas E HoltPresident/CEO$174,240$174,240
Revenue and Support

Revenue Composition

Contributions and Grants
$274,489
Program Service Revenue
$118,741
Investment Income
$336
Other Revenue
$0
Change in Net Assets
$1,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$393,566
Total Revenue per Audited Statements
$393,566
Total Revenue per Form 990
$393,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$392,327
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
Occupancy$158,842$0$0$158,842
Depreciation Depletion$98,590$0$0$98,590
Office Expenses$0$20,101$0$20,101
Fees for Services Other$16,322$0$0$16,322
Fees for Services Accounting$0$4,577$0$4,577
Fees for Services Legal$0$2,170$0$2,170
Travel$2,139$0$0$2,139
Advertising$2,061$0$0$2,061
Conferences and Meetings$202$1,476$0$1,678
Insurance$318$182$0$500
Other Expenses$463$0$0$463
Total Functional Expenses$344,151$48,176$0$392,327

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$392,327
Total Expenses per Audited Statements$392,327
Total Expenses per Form 990$392,327
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$9,538
Advances From Related Organization-
Developer Fee Payable-
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 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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
22-3026259
Phone
7166658197

Signing Officer

Name
Thomas E Holt
Title
President / CEO
Phone
7166658197
Signed
2014-07-15
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Preparer
Harold L Brunacini CPA
Phone
7166613960
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed in detail by the cfo & accounting manager

Pt VI, Line 11B

Prior to filing. In addition, a copy is provided to the finance

Pt VI, Line 11B

Committee for their review, one week prior to their meeting

Pt VI, Line 11B

With the ceo & cfo. Once the finance committee has approved

Pt VI, Line 11B

Form 990, a copy is provided to each member of the board

Pt VI, Line 11B

Of directors for their review, at least one week prior to filing

Pt VI, Line 12C

Monitoring is performed on an ongoing basis, as well

Pt VI, Line 12C

As annually with signed conflict of interest

Pt VI, Line 12C

DISCLOSURES.

Pt VI, Line 19

The organization replies to requests on an as

Pt VI, Line 19

Requested basis, subject to privacy laws and

Pt VI, Line 19

REGULATIONS.

Pt VI, Line 15A

See details reported in schedule j, part iii.

Pt VI, Line 15B

See details reported in schedule j, part iii.

Form 990EZ, Part II, Line 24

ACCOUNTS RECEIVABLE

Form 990EZ, Part II, Line 26

Accounts payable & accrued expenses prepaid/deferred revenue tenant security deposits mortgage payable

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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0117352
IRS990/OtherAssetsTotalGrp/EOYAmt0112543
IRS990/OtherExpensesGrp/Desc0SEE ATTACHED SCHEDULE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc3TRASH REMOVAL
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014660
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11608
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23402
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt065214
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt3463
IRS990/OtherExpensesGrp/TotalAmt079874
IRS990/OtherExpensesGrp/TotalAmt11608
IRS990/OtherExpensesGrp/TotalAmt23402
IRS990/OtherExpensesGrp/TotalAmt3463
IRS990/OtherLiabilitiesGrp/BOYAmt080070
IRS990/OtherLiabilitiesGrp/EOYAmt09538
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02225
IRS990/PrincipalOfcrBusinessAddress/BusinessNameLine10SHARON HAMILTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0118741
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0277673
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0566
IRS990/PYOtherExpensesAmt0361394
IRS990/PYProgramServiceRevenueAmt0117754
IRS990/PYRevenuesLessExpensesAmt034599
IRS990/PYTotalExpensesAmt0361394
IRS990/PYTotalRevenueAmt0395993
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01239
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0393566
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0338693
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0300312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0274489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0277673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0230944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0244117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0223788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01251011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0566
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01551
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03578
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0556168
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99710
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99540
IRS990ScheduleA/PublicSupportTotal170Amt01251011
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0274489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0277673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0230944
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0244117
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0223788
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01251011
IRS990ScheduleA/TotalSupportAmt01254589
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01172869
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01222265
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02395134
IRS990ScheduleD/EquipmentGrp/BookValueAmt0775
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013528
IRS990ScheduleD/ExpensesSubtotalAmt0392327
IRS990ScheduleD/LandGrp/BookValueAmt089095
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089095
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09538
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1103005
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030244
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061877
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt092121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCES FROM RELATED ORGANIZATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEVELOPER FEE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0393566
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01292983
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0112543
IRS990ScheduleD/TotalExpensesPerForm990Amt0392327
IRS990ScheduleD/TotalLiabilityAmt09538
IRS990ScheduleD/TotalRevenuePerForm990Amt0393566
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0393566
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0392327
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0281389
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1148790
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt012750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17619
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0304
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt113192
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt037452
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt14639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS E HOLT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JASON W BECKWITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0331895
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1174240
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS AN AFFILIATED ORGANIZATION OF LUTHERAN SOCIAL SERVICES GROUP, INC. (LSS), AND HAS RELIED ON LSS IN ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S CEO AND CFO. A PORTION OF THEIR COMPENSATION FOR ADMINISTRATIVE SERVICES IS ALLOCATED TO THE ORGANIZATION THROUGH CORPORATE ALLOCATIONS. A COMPENSATION COMMITTEE OF THE LSS BOARD EVALUATES THE CEO'S PERFORMANCE ANNUALLY AND DETERMINES WAGES AND BENEFITS USING COMPARABLE DATA FROM LIKE ORGANIZATIONS. THE PERFORMANCE OF OTHER EMPLOYEES IS REVIEWED ANNUALLY BY THE CEO USING MEASURABLE ACCOMPLISHMENTS AND GOALS. ANNUAL COMPENSATION FOR SUCH EMPLOYEES IS ESTABLISHED USING A COMPENSATION STUDY THE BOARD HAS CONDUCTED EVERY THREE TO FIVE YEARS BY AN INDEPENDENT CONSULTING FIRM. THIS REPORT IS ALSO COMPARED TO SALARY SURVEYS CONDUCTED BY MEMBER ASSOCIATIONS SUCH AS LEADINGAGE NEW YORK, FORMERLY NYAHSA.

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