Civic Intelligence

Willow Lutheran Housing Development Fund Co Inc

990 • Fiscal year 2015 • EIN 22-3026259

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 26, 2016

737 Falconer StreetJamestown, NY 14701

(716) 665-8197

Siviq Scores

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

Liabilities / Assets

95th percentile

1.32x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

5.66x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

97th percentile

$409,377

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 104.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

45th percentile

-0.4%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.5%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,688,221

Down $7,618 (-0.4%) from 2014

Net Assets

Up

-$536,114

Up $111 (+0.0%) from 2014

Liabilities

Down

$2,224,335

Down $7,729 (-0.3%) from 2014

Revenue

Up

$392,669

Up $5,879 (+1.5%) from 2014

Expenses

Up

$392,558

Up $1,791 (+0.5%) from 2014

Net Income

Up

$111

Up $4,088 (+103%) from 2014

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

2015

Assets$1,688,221
Liabilities$2,224,335
Net Assets-$536,114

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

2015

Revenue$392,669
Expenses$392,558
Net Income$111
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 26, 2016
Return Version
2015v2.1
Gross Receipts
$392,669
Mission and Program Overview

Mission

Hud subsidized housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,225,759$1,205,578▼ $20,181
Savings and Temporary Cash Investments$344,562$324,827▼ $19,735
Cash and Non-Interest-Bearing Accounts$13,119$39,149▲ $26,030
Accounts Receivable$1,408$6,707▲ $5,299
Prepaid Expenses and Deferred Charges$753$3,228▲ $2,475
Total Assets$1,695,839$1,688,221▼ $7,618
Other Assets Total$110,238$108,732▼ $1,506
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,191,174$2,158,304▼ $32,870
Accounts Payable and Accrued Expenses$30,504$53,998▲ $23,494
Other Liabilities$10,386$12,033▲ $1,647
Total Liabilities$2,232,064$2,224,335▼ $7,729
Net Assets / Fund Balance
Unrestricted Net Assets$-536,225$-536,114▲ $111
Total Net Assets Fund Balance$-536,225$-536,114▲ $111
Total Liabilities and Net Assets / Fund Balance$1,695,839$1,688,221▼ $7,618

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,073,740$1,399,241$2,472,981
Other Land Buildings$36,404$79,472$115,876
Land$89,095-$89,095
Equipment$6,339$9,856$16,195
Other Assets Org$96,699--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kellie BargarDirector$409,377$409,377
J Eric LivengoodDirector$222,420$222,420
Revenue and Support

Revenue Composition

Contributions and Grants
$283,034
Program Service Revenue
$109,305
Investment Income
$330
Other Revenue
$0
Change in Net Assets
$111

Audited Revenue Reconciliation

Revenue per Audited Statements
$392,669
Total Revenue per Audited Statements
$392,669
Total Revenue per Form 990
$392,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$392,558
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$157,487$0$0$157,487
Depreciation Depletion$103,432$0$0$103,432
Fees for Services Other$20,749$0$0$20,749
Office Expenses$0$15,365$0$15,365
Fees for Services Accounting$0$4,892$0$4,892
Travel$1,401$0$0$1,401
Advertising$1,356$0$0$1,356
Conferences and Meetings$0$941$0$941
Other Expenses$478$0$0$478
Insurance$250$127$0$377
Fees for Services Legal$0$92$0$92
Total Functional Expenses$348,044$44,514$0$392,558

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$392,558
Total Expenses per Audited Statements$392,558
Total Expenses per Form 990$392,558
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$12,033
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

Filer Name
Willow Lutheran Housing Development Fund Co Inc
EIN
22-3026259
Phone
7166658197
Address
737 FALCONER STREET, JAMESTOWN, NY 14701

Signing Officer

Name
Thomas E Holt
Title
President/CEO
Phone
7166658197
Signed
2016-07-26
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
James W Vanstrom & Company
Address
PO BOX 532, FALCONER, NY 14733-0532
Preparer
Harold L Brunacini CPA
Phone
7166613960
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed in detail by the cfo & controller prior to filing. In addition, a copy is provided to the finance committee for their review, one week prior to their meeting with the ceo & cfo. Once the finance committee has approved form 990, a copy is provided to each member of the board 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 as annually with signed conflict of interest disclosures.

Pt VI, Line 19

The organization replies to requests on an as requested basis, subject to privacy laws and 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

Form 990EZ, Part II, Line 26

PREPAID/DEFERRED REVENUE

Form 990EZ, Part II, Line 26

TENANT SECURITY DEPOSITS

Form 990EZ, Part II, Line 26

MORTGAGE PAYABLE

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IRS990/OccupancyGrp/ProgramServicesAmt0157487
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IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015365
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IRS990/OfficeExpensesGrp/TotalAmt015365
IRS990/OfficerMailingAddressInd0false
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0108732
IRS990/OtherExpensesGrp/Desc0SEE ATTACHED SCHEDULE
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IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc3TRASH REMOVAL
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014980
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1972
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt062891
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt3478
IRS990/OtherExpensesGrp/TotalAmt077871
IRS990/OtherExpensesGrp/TotalAmt1972
IRS990/OtherExpensesGrp/TotalAmt27145
IRS990/OtherExpensesGrp/TotalAmt3478
IRS990/OtherLiabilitiesGrp/BOYAmt010386
IRS990/OtherLiabilitiesGrp/EOYAmt012033
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0753
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03228
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0KEVIN SAFF
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0109305
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0272905
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IRS990/PYInvestmentIncomeAmt0314
IRS990/PYOtherExpensesAmt0390767
IRS990/PYProgramServiceRevenueAmt0113571
IRS990/PYRevenuesLessExpensesAmt0-3977
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IRS990/PYTotalRevenueAmt0386790
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IRS990/ReconcilationRevenueExpnssAmt0111
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/RevenueAmt0392669
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0344562
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0283034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0272905
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0277673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0230944
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0561201
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IRS990ScheduleA/TotalSupportAmt01340951
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01073740
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01399241
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02472981
IRS990ScheduleD/EquipmentGrp/BookValueAmt06339
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09856
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016195
IRS990ScheduleD/ExpensesSubtotalAmt0392558
IRS990ScheduleD/LandGrp/BookValueAmt089095
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089095
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012033
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt196699
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt079472
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0115876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012033
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0108732
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1199950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013192
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt17773
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt040462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt14487
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS E HOLT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JASON W BECKWITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0409377

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