Civic Intelligence

Episcopal House of Reading

EIN 23-6463768 • 501(c)4 • Lancaster, PA

Profile

Providing rental housing and related services to elderly persons of low income.

4-6 West King Street No Ste 4Lancaster, PA 17603

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

15th percentile

-15%

Higher net margin than 15% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-27%

Faster revenue growth than 9% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $2,856,909 (-100%) from 2020

Liabilities

Down

$0

Down $2,178,175 (-100%) from 2020

Net Assets

Down

$0

Down $678,734 (-100%) from 2020

Revenue

Down

$746,024

Down $274,338 (-27%) from 2020

Expenses

Down

$856,209

Down $139,202 (-14%) from 2020

Net Income

Down

-$110,185

Down $135,136 (-542%) from 2020

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,174,846Liabilities 2012: $411,386Net Assets 2012: $763,4602012Assets 2013: $1,171,158Liabilities 2013: $545,373Net Assets 2013: $625,7852013Assets 2014: $1,424,628Liabilities 2014: $715,374Net Assets 2014: $709,2542014Assets 2015: $1,382,548Liabilities 2015: $648,064Net Assets 2015: $734,4842015Assets 2016: $2,683,038Liabilities 2016: $1,916,602Net Assets 2016: $766,4362016Assets 2017: $2,577,229Liabilities 2017: $1,856,976Net Assets 2017: $720,2532017Assets 2018: $2,911,263Liabilities 2018: $2,193,659Net Assets 2018: $717,6042018Assets 2019: $2,871,653Liabilities 2019: $2,217,870Net Assets 2019: $653,7832019Assets 2020: $2,856,909Liabilities 2020: $2,178,175Net Assets 2020: $678,7342020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $886,0962012Expenses 2013: $909,7722013Revenue 2014: $929,664Expenses 2014: $846,195Net Income 2014: $83,4692014Revenue 2015: $926,521Expenses 2015: $901,291Net Income 2015: $25,2302015Revenue 2016: $938,947Expenses 2016: $906,995Net Income 2016: $31,9522016Revenue 2017: $926,894Expenses 2017: $973,077Net Income 2017: -$46,1832017Revenue 2018: $967,433Expenses 2018: $970,082Net Income 2018: -$2,6492018Revenue 2019: $998,198Expenses 2019: $1,062,019Net Income 2019: -$63,8212019Revenue 2020: $1,020,362Expenses 2020: $995,411Net Income 2020: $24,9512020Revenue 2021: $746,024Expenses 2021: $856,209Net Income 2021: -$110,1852021

Highlighted filing

2021

Revenue$746,024
Expenses$856,209
Net Income-$110,185

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jun 27, 2022
Return Version
2020v4.2
Gross Receipts
$3,230,730
Mission and Program Overview

Mission

Provide rental housing and related services to elderly persons of low income.

Providing rental housing and related services to elderly persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,264,896$0▼ $2,264,896
Cash and Non-Interest-Bearing Accounts$78,309$0▼ $78,309
Prepaid Expenses and Deferred Charges$35,272$0▼ $35,272
Intangible Assets$16,366$0▼ $16,366
Accounts Receivable$9,009$0▼ $9,009
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$2,856,909$0▼ $2,856,909
Other Assets Total$453,057$0▼ $453,057
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,988,768$0▼ $1,988,768
Accounts Payable and Accrued Expenses$113,877$0▼ $113,877
Other Liabilities$68,147$0▼ $68,147
Deferred Revenue$7,383$0▼ $7,383
Total Liabilities$2,178,175$0▼ $2,178,175
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$678,734$0▼ $678,734
Total Net Assets Fund Balance$678,734$0▼ $678,734
Total Liabilities and Net Assets / Fund Balance$2,856,909$0▼ $2,856,909
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dana HanchinPresident
Sharlene WoodruffVice President
Bradley PetersDirector
Luann OatmanDirector
Richard McdougallDirector
Michael SchoberSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$796,215
Investment Income
$-83,952
Other Revenue
$33,761
Change in Net Assets
$-110,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$679,500
Salaries, Compensation, and Employee Benefits$176,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$173,942--$173,942
Other Salaries and Wages$135,263$7,119-$142,382
Depreciation Depletion$86,313$9,590-$95,903
Interest$85,193--$85,193
Fees for Services Management$73,023$8,114-$81,137
Insurance$26,266--$26,266
Other Employee Benefits$19,862$1,045-$20,907
Other Expenses$8,987$11,324-$20,311
Fees for Services Legal$14,739$1,638-$16,377
Payroll Taxes$12,749$671-$13,420
Advertising$7,910--$7,910
Office Expenses$6,497$722-$7,219
Fees for Services Accounting$5,400$600-$6,000
Total Functional Expenses$815,386$40,823$0$856,209
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

Housing development corporation midatlantic, a nonprofit organization, is retained by the organization to perform duties customarily performed by management.

Form 990, Part VI, Section A, Line 8B

The organization has no committees with the authority to act on behalf of the governing body. Therefore, there is no documentation of meetings from committees.

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

A draft copy of form 990 and related schedules is reviewed by the management company retained prior to filing.

Form 990, Part VI, Section B, Line 15

Compensation for the organization's management company requires hud approval.

Form 990, Part VI, Section C, Line 18

UPON REQUEST

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available to the public for inspection. Written requests for copies of its governing documents and financial statements are required. When a written request is received, the organization provides the requested information.

Filing and Contact Details

Filer

Filer Name
Episcopal House of Reading
EIN
23-6463768
Phone
7172911911
Address
4-6 WEST KING STREET NO STE 4, LANCASTER, PA 17603

Signing Officer

Name
Dana Hanchin
Title
President
Phone
7172911911
Signed
2022-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Hanchin
Formed
1968
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Mckonly & Asbury Llp
Address
415 FALLOWFIELD ROAD, CAMP HILL, PA 17011
Preparer
Gary J Dubas
Phone
7177617910
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer of net assets to housing development corporation midatlantic -568,549.

Part XII, Line 2C

The organization has not changed its oversight process nor its selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under internal revenue code section 501(c)(4). The organization adheres to the provisions of financial accounting standards board codification 740, income taxes (asc 740). Asc 740 prescribes a comprehensive model for financial statement recognition, measurement, classification, and disclosure of uncertain tax positions. The organization has concluded that it does not have any uncertain tax positions that require recognition or disclosure in the financial statements. Management believes it is no long subject to income tax examinations for years prior to 2018.

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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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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). THE ORGANIZATION ADHERES TO THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION 740, INCOME TAXES (ASC 740). ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES IT IS NO LONG SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH REMAINING AFTER SATISFACTION OF ALL LIABILITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0HOUSING DEVELOPMENT CORPORATION MIDATLANTIC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-09-28
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0231861343
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0568549
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt04-6 WEST KING STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LANCASTER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0PA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd017603
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: OFFICERS AND CERTAIN BOARD MEMBERS ARE ALSO OFFICERS AND BOARD MEMBERS OF HOUSING DEVELOPMENT CORPORATION MIDATLANTIC.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: SERVE FULLY IN APPLICABLE POSITIONS FOR HOUSING DEVELOPMENT CORPORATION MIDATLANTIC.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOUSING DEVELOPMENT CORPORATION MIDATLANTIC, A NONPROFIT ORGANIZATION, IS RETAINED BY THE ORGANIZATION TO PERFORM DUTIES CUSTOMARILY PERFORMED BY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THERE IS NO DOCUMENTATION OF MEETINGS FROM COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE MANAGEMENT COMPANY RETAINED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE ORGANIZATION'S MANAGEMENT COMPANY REQUIRES HUD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC FOR INSPECTION. WRITTEN REQUESTS FOR COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE REQUIRED. WHEN A WRITTEN REQUEST IS RECEIVED, THE ORGANIZATION PROVIDES THE REQUESTED INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFER OF NET ASSETS TO HOUSING DEVELOPMENT CORPORATION MIDATLANTIC -568,549.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt02856909
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt02856909
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0815386
IRS990/TotalFunctionalExpensesGrp/TotalAmt0856209
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02178175
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02178175
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0678734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0815386
IRS990/TotalProgramServiceRevenueAmt0796215
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-83952
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0829976
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0746024
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02856909
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04-6 WEST KING STREET NO STE 4
IRS990/USAddress/CityNm0LANCASTER
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017603
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANA HANCHIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07172911911
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EPISCOPAL HOUSE OF READING
ReturnHeader/Filer/BusinessNameControlTxt0EPIS
ReturnHeader/Filer/EIN0236463768
ReturnHeader/Filer/PhoneNum07172911911
ReturnHeader/Filer/USAddress/AddressLine1Txt04-6 WEST KING STREET NO STE 4
ReturnHeader/Filer/USAddress/CityNm0LANCASTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0231909723
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCKONLY & ASBURY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0415 FALLOWFIELD ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMP HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017011
ReturnHeader/PreparerPersonGrp/PhoneNum07177617910
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY J DUBAS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-06-27T09:44:58-05:00

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