Civic Intelligence

Community Initiatives Development

EIN 23-2746544 • 501(c)3 • Lakewood Ranch, FL

Profile

Assisting municipalities to aid residents.

15375 Blue Fish CircleLakewood Ranch, FL 34202

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.88x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

13.42x

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

7th percentile

$142,600

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$127,294,747

Up $17,689,561 (+16%) from 2023

Liabilities

Up

$111,574,101

Up $15,431,064 (+16%) from 2023

Net Assets

Up

$15,720,646

Up $2,258,497 (+17%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin66th percentile

Revenue

Up

$8,314,343

Up $1,191,266 (+17%) from 2023

Expenses

Up

$7,374,719

Up $48,093 (+0.7%) from 2023

Net Income

Up

$939,624

Up $1,143,173 (+562%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth82nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0-$100MAssets 2011: $363,781,164Liabilities 2011: $265,045,028Net Assets 2011: $98,736,1362011Assets 2012: $346,420,595Liabilities 2012: $263,433,117Net Assets 2012: $82,987,4782012Assets 2013: $332,676,653Liabilities 2013: $261,037,243Net Assets 2013: $71,639,4102013Assets 2014: $321,985,186Liabilities 2014: $261,731,154Net Assets 2014: $60,254,0322014Assets 2015: $312,733,138Liabilities 2015: $261,134,998Net Assets 2015: $51,598,1402015Assets 2016: $304,442,624Liabilities 2016: $259,530,937Net Assets 2016: $44,911,6872016Assets 2017: $19,985,797Liabilities 2017: $20,770,600Net Assets 2017: -$784,8032017Assets 2018: $17,307,164Liabilities 2018: $19,739,362Net Assets 2018: -$2,432,1982018Assets 2019: $24,598,933Liabilities 2019: $27,538,153Net Assets 2019: -$2,939,2202019Assets 2020: $33,688,983Liabilities 2020: $38,623,729Net Assets 2020: -$4,934,7462020Assets 2021: $81,733,971Liabilities 2021: $82,188,718Net Assets 2021: -$454,7472021Assets 2022: $113,442,988Liabilities 2022: $98,740,439Net Assets 2022: $14,702,5492022Assets 2023: $109,605,186Liabilities 2023: $96,143,037Net Assets 2023: $13,462,1492023Assets 2024: $127,294,747Liabilities 2024: $111,574,101Net Assets 2024: $15,720,6462024

Highlighted filing

2024

Assets$127,294,747
Liabilities$111,574,101
Net Assets$15,720,646
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2011: $31,310,3332011Expenses 2012: $30,299,0082012Revenue 2013: $12,191,184Expenses 2013: $25,470,850Net Income 2013: -$13,279,6662013Revenue 2014: $14,339,528Expenses 2014: $23,593,458Net Income 2014: -$9,253,9302014Revenue 2015: $13,271,145Expenses 2015: $22,299,896Net Income 2015: -$9,028,7512015Revenue 2016: $13,540,804Expenses 2016: $20,675,663Net Income 2016: -$7,134,8592016Revenue 2017: $1,844,232Expenses 2017: $1,940,166Net Income 2017: -$95,9342017Revenue 2018: $1,980,820Expenses 2018: $1,986,099Net Income 2018: -$5,2792018Revenue 2019: $1,878,097Expenses 2019: $1,978,263Net Income 2019: -$100,1662019Revenue 2020: $2,558,227Expenses 2020: $2,374,451Net Income 2020: $183,7762020Revenue 2021: $5,207,829Expenses 2021: $3,389,309Net Income 2021: $1,818,5202021Revenue 2022: $8,661,238Expenses 2022: $5,854,861Net Income 2022: $2,806,3772022Revenue 2023: $7,123,077Expenses 2023: $7,326,626Net Income 2023: -$203,5492023Revenue 2024: $8,314,343Expenses 2024: $7,374,719Net Income 2024: $939,6242024

Highlighted filing

2024

Revenue$8,314,343
Expenses$7,374,719
Net Income$939,624
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$127,294,747
Liabilities
$111,574,101
Net assets
$15,720,646
Revenue
$8,314,343
Expenses
$7,374,719
Net income
$939,624
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$112$15.7$8.31$7.37$0.94
2023Summary only. Only limited summary data is available for this year.$110$96.1$13.5$7.12$7.33$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$98.7$14.7$8.66$5.85$2.81
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.7$82.2$0.45$5.21$3.39$1.82
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.7$38.6$4.93$2.56$2.37$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$27.5$2.94$1.88$1.98$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$19.7$2.43$1.98$1.99$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$20.8$0.78$1.84$1.94$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$304$260$44.9$13.5$20.7$7.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$313$261$51.6$13.3$22.3$9.03
2014Detailed filing. Detailed filing data is available for this year.$322$262$60.3$14.3$23.6$9.25
2013Detailed filing. Detailed filing data is available for this year.$333$261$71.6$12.2$25.5$13.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$346$263$83.0$30.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$364$265$98.7$31.3
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 15, 2023
Return Version
2022v5.0
Gross Receipts
$8,661,238
Mission and Program Overview

Mission

Assisting municipalities to aid residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$77,095,764$99,511,630▲ $22,415,866
Cash and Non-Interest-Bearing Accounts$3,692,062$2,566,879▼ $1,125,183
Prepaid Expenses and Deferred Charges$117,525$191,445▲ $73,920
Accounts Receivable$7,481$147,290▲ $139,809
Investments Program Related$31,505$31,505→ $0
Total Assets$81,733,971$113,442,988▲ $31,709,017
Other Assets Total$789,634$10,994,239▲ $10,204,605
Liabilities
Tax Exempt Bond Liabilities$71,356,351$81,807,802▲ $10,451,451
Deferred Revenue$6,016,336$13,883,644▲ $7,867,308
Unsecured Notes Loans Payable$1,126,365$1,126,365→ $0
Other Liabilities$2,940,332$994,152▼ $1,946,180
Mortgage Notes Payable Secured by Investment Property$700,000$700,000→ $0
Accounts Payable and Accrued Expenses$49,334$228,476▲ $179,142
Total Liabilities$82,188,718$98,740,439▲ $16,551,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-454,747$14,702,549▲ $15,157,296
Total Net Assets Fund Balance$-454,747$14,702,549▲ $15,157,296
Total Liabilities and Net Assets / Fund Balance$81,733,971$113,442,988▲ $31,709,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$91,373,785$12,111,299$103,485,084
Land$8,137,272-$8,137,272
Equipment$573$99,866$100,439
Investment Program Related Org$30,000--
Other Assets Org$10,994,239--
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William LoewensteinPresidentFT$122,692$12,300$134,992
Nelson BregonVice ChairmanFT$78,500$6,000$84,500
Frances BrandtDirectorFT$61,500$5,150$66,650
Mary Ann LoewensteinDirectorFT$32,308-$32,308

Board Members and Trustees

NameTitle
James LaurenzoChairman
Britt KobularcikDirector
Timothy WarfieldSecretary
Anthony MarshallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,222,668
Investment Income
$2,585
Other Revenue
$4,435,985
Change in Net Assets
$2,806,377

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,661,238
Total Revenue per Audited Statements
$8,661,238
Total Revenue per Form 990
$8,661,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,512,685
Salaries, Compensation, and Employee Benefits$342,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,638,429$0$0$2,638,429
Depreciation Depletion$2,215,430$533$0$2,215,963
Current Officers, Directors, Trustees, and Key Employees$295,000$0$0$295,000
Other Expenses$249,095$0$0$249,095
Insurance$95,537$0$0$95,537
Fees for Services Other$68,119$0$0$68,119
Payroll Taxes$23,726$0$0$23,726
Comp Disqual Persons$23,450$0$0$23,450
Fees for Services Management$0$9,000$0$9,000
Travel$7,759$0$0$7,759
Office Expenses$0$2,040$0$2,040
Total Functional Expenses$5,818,923$35,938$0$5,854,861

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,854,861
Total Expenses per Audited Statements$5,854,861
Total Expenses per Form 990$5,854,861
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
Interest rate swap - market adjustment$565,521
Interest Payable$428,631

Bond Issues

BondIssuerIssuedIssue PricePurpose
CAlbany County Capital Resource Corporation2020-12-01$48,604,101See Part VI - Supplemental Inf
AAlbany County Capital Resource Corporation2021-04-01$19,386,000See Part VI - Supplemental Inf
ARensselaer Cty Industrial Dev Agency2008-01-30$19,275,000See Part VI - Supplemental Inf
DAlbany County Capital Resource Corporation2020-12-01$8,250,000See Part VI - Supplemental Inf
BAlbany County Capital Resource Corporation2019-09-16$7,723,011See Part VI - Supplemental Inf
BAlbany County Capital Resource Corporation2021-04-01$390,000See Part VI - Supplemental Inf

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$48,604,101-$8,250,000$1,429,317
A$19,386,000-$13,946$149,417
A$19,275,000-$5,250,000$987,578
D$8,250,000-$702,996$242,610
B$7,723,011-$296,121$154,438
B$390,000--$3,006

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Community Initiatives Development Corporation
EIN
23-2746544
Phone
9417565700
Address
15375 Blue Fish Circle, Lakewood Ranch, FL 34202

Signing Officer

Name
Frances Brandt
Title
President
Phone
9417565700
Signed
2023-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Brandt
Formed
1995
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
4
Employees
4
Volunteers
0

Preparer

Firm
Fontana CPAS
Address
13007 W Linebaugh Ave, Tampa, FL 33626
Preparer
Eric Fontana
Phone
7277999533
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A copy of the 990 is e-mailed to the directors and officers. They are asked to review it and submit their questions or vote of approval by e-mail.”

Pt VI, Line 12C

“The corporation's provisions for conflict of interest are specified in Article X, Section 9.01 of the corporations by-laws. A director who has a conflict of interest with any corporation business is required to recuse him/herself from voting on the matter although he/she may state a position on the matter and respond to questions about it. Said director may be counted in determining a quorum for the meeting at which the matter was voted upon, but the minutes of the meeting shall reflect that the disclosure was made and that said director abstained from voting.”

Pt VI, Line 19

“The corporation's governing documents, i.e. Articles of Incorporation and By-Laws (includes conflict of interest procedures), are available upon written request. The corporation's financial reports, i.e. 990 and audit, are available upon written request.”

Pt VI, Line 2

“William Loewenstein (President) and Frances Brandt (Director) have a family relationship. William Loewenstein and Mary Ann Loewenstein (Director) have a family relationship.”

Financial Statement Notes

Pt X, Line 2

“The Organization is a nonprofit corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. This provides for the exemption of organizations that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, and whose net earnings do not inure to the benefit of any private shareholder or individual. However, income from certain activities not directly related to the tax-exempt purpose may be subject to taxation as unrelated business income. In accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes, which clarifies the accounting for the uncertainity in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The Organization recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the tax positions of the Organization and concluded that the Organization has no material uncertainties in income taxes. The Organization is no longer subject to income tax examination by U.S. federal, state or local authorities for years before 2013.”

Raw XML AppendixShowing 400 of 822 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum09417565700
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IRS990/Form990PartVIISectionAGrp/PersonNm0James Laurenzo
IRS990/Form990PartVIISectionAGrp/PersonNm1Nelson Bregon
IRS990/Form990PartVIISectionAGrp/PersonNm2Frances Brandt
IRS990/Form990PartVIISectionAGrp/PersonNm3William Loewenstein
IRS990/Form990PartVIISectionAGrp/PersonNm4Timothy Warfield
IRS990/Form990PartVIISectionAGrp/PersonNm5Anthony Marshall
IRS990/Form990PartVIISectionAGrp/PersonNm6Britt Kobularcik
IRS990/Form990PartVIISectionAGrp/PersonNm7Mary Ann Loewenstein
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt08661238
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt095537
IRS990/InsuranceGrp/TotalAmt095537
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt02638429
IRS990/InterestGrp/TotalAmt02638429
IRS990/InvestmentIncomeGrp/ExclusionAmt02585
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02585
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt031505
IRS990/InvestmentsProgramRelatedGrp/EOYAmt031505
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012211165
IRS990/LandBldgEquipBasisNetGrp/BOYAmt077095764
IRS990/LandBldgEquipBasisNetGrp/EOYAmt099511630
IRS990/LandBldgEquipCostOrOtherBssAmt0111722795
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Assisting municipalities to aid residents.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0700000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0700000
IRS990/NetAssetsOrFundBalancesBOYAmt0-454747
IRS990/NetAssetsOrFundBalancesEOYAmt014702549
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt012350919
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-454747
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014702549
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02040
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt02040
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0789634
IRS990/OtherAssetsTotalGrp/EOYAmt010994239
IRS990/OtherExpensesGrp/Desc0Telephone
IRS990/OtherExpensesGrp/Desc1Miscellaneous Expense
IRS990/OtherExpensesGrp/Desc2Property Tax
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011817
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112548
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt132437
IRS990/OtherExpensesGrp/ProgramServicesAmt2169941
IRS990/OtherExpensesGrp/ProgramServicesAmt3249095
IRS990/OtherExpensesGrp/TotalAmt011817
IRS990/OtherExpensesGrp/TotalAmt144985
IRS990/OtherExpensesGrp/TotalAmt2169941
IRS990/OtherExpensesGrp/TotalAmt3249095
IRS990/OtherLiabilitiesGrp/BOYAmt02940332
IRS990/OtherLiabilitiesGrp/EOYAmt0994152
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Reimbursed Expenses
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04435985
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04435985
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt04435985
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt023726
IRS990/PayrollTaxesGrp/TotalAmt023726
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0117525
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0191445
IRS990/PrincipalOfficerNm0Frances Brandt
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Rent Income
IRS990/ProgramServiceRevenueGrp/Desc1Consulting Income
IRS990/ProgramServiceRevenueGrp/Desc2Project Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03962824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1221976
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt237868
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02055
IRS990/PYOtherExpensesAmt03131416
IRS990/PYOtherRevenueAmt01642856
IRS990/PYProgramServiceRevenueAmt03562918
IRS990/PYRevenuesLessExpensesAmt01818520
IRS990/PYSalariesCompEmpBnftPaidAmt0257893
IRS990/PYTotalExpensesAmt03389309
IRS990/PYTotalRevenueAmt05207829
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02806377
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt04222668
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Reimbursed expenses 2020: 285418. 2021: 1642856. 2022: 4435985.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt030000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02585
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017175
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014942
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0929
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt037686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04222668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03562918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02225634
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01863155
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01979891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013854266
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02585
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014942
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt037686
IRS990ScheduleA/InvestmentIncomeCYPct00.00190
IRS990ScheduleA/InvestmentIncomePYPct00.00270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04435985
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01642856
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0285418
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06364259
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.68440
IRS990ScheduleA/PublicSupportPY509Pct00.85420
IRS990ScheduleA/PublicSupportTotal509Amt013884266
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04222668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03562918
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02255634
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01863155
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01979891
IRS990ScheduleA/Total509Grp/TotalAmt013884266
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt020286211
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt091373785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012111299
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0103485084
IRS990ScheduleD/EquipmentGrp/BookValueAmt0573
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099866
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100439
IRS990ScheduleD/ExpensesSubtotalAmt05854861
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt230000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investment in Reading's Future, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Investment in CIDC Lake Park, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Investment in 03 Asset Management, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt08137272
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08137272
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010994239
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Interest rate swap - market adjustment
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0428631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1565521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Interest rate swap - market adjustment
IRS990ScheduleD/RevenueSubtotalAmt08661238
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a nonprofit corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. This provides for the exemption of organizations that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, and whose net earnings do not inure to the benefit of any private shareholder or individual. However, income from certain activities not directly related to the tax-exempt purpose may be subject to taxation as unrelated business income. In accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes, which clarifies the accounting for the uncertainity in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The Organization recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the tax positions of the Organization and concluded that the Organization has no material uncertainties in income taxes. The Organization is no longer subject to income tax examination by U.S. federal, state or local authorities for years before 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt099511630
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010994239
IRS990ScheduleD/TotalBookValueProgramRltdAmt031505
IRS990ScheduleD/TotalExpensesPerForm990Amt05854861
IRS990ScheduleD/TotalLiabilityAmt0994152
IRS990ScheduleD/TotalRevenuePerForm990Amt08661238
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08661238
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05854861
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd4A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd5B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd2false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd3false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd4false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd5false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0Acquire land and a building, renovate the building, acquire and install various machinery and equipment to be leased by Rensselaer Polytechnic Institute in Troy, New York, to be used as a student housing facility and related activities.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1Acquire land and construct building(s)to be used as an educational facility in Colonie, New York. Upon building completion, organization will furnish, lease, maintain, and renovate building(s).
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt2Acquire land and construct building(s)to be used as an educational facility in Colonie, New York. Upon building completion, organization will furnish, lease, maintain, and renovate building(s).
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt3Acquire land and construct building(s)to be used as an educational facility in Colonie, New York. Upon building completion, organization will furnish, lease, maintain, and renovate building(s).

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