Civic Intelligence

Historic Ithaca Inc.

990 • Fiscal year 2022 • EIN 23-7051773

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 26, 2023

212 Center StreetIthaca, NY 14850-5259

(607) 273-6633

Siviq Scores

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

Liabilities / Assets

88th percentile

0.39x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.33x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

38th percentile

-1.0%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$66,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

39th percentile

-4.5%

Faster asset growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

2.7%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$356,701

Down $16,695 (-4.5%) from 2021

Net Assets

Down

$216,944

Down $4,004 (-1.8%) from 2021

Liabilities

Down

$139,757

Down $12,691 (-8.3%) from 2021

Revenue

Up

$420,929

Up $11,039 (+2.7%) from 2021

Expenses

Up

$424,933

Up $18,332 (+4.5%) from 2021

Net Income

Down

-$4,004

Down $7,293 (-222%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $277,494Liabilities 2012: $136,615Net Assets 2012: $140,8792012Assets 2014: $300,045Liabilities 2014: $115,344Net Assets 2014: $184,7012014Assets 2015: $327,984Liabilities 2015: $110,006Net Assets 2015: $217,9782015Assets 2016: $304,533Liabilities 2016: $132,774Net Assets 2016: $171,7592016Assets 2017: $310,773Liabilities 2017: $127,592Net Assets 2017: $183,1812017Assets 2018: $270,998Liabilities 2018: $131,825Net Assets 2018: $139,1732018Assets 2019: $262,239Liabilities 2019: $92,495Net Assets 2019: $169,7442019Assets 2020: $454,839Liabilities 2020: $237,180Net Assets 2020: $217,6592020Assets 2021: $373,396Liabilities 2021: $152,448Net Assets 2021: $220,9482021Assets 2022: $356,701Liabilities 2022: $139,757Net Assets 2022: $216,9442022Assets 2023: $692,498Liabilities 2023: $211,077Net Assets 2023: $481,4212023Assets 2024: $556,940Liabilities 2024: $191,317Net Assets 2024: $365,6232024

Highlighted filing

2022

Assets$356,701
Liabilities$139,757
Net Assets$216,944

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $210,9812012Revenue 2014: $294,577Expenses 2014: $269,084Net Income 2014: $25,4932014Revenue 2015: $328,220Expenses 2015: $294,943Net Income 2015: $33,2772015Revenue 2016: $329,163Expenses 2016: $375,382Net Income 2016: -$46,2192016Revenue 2017: $371,827Expenses 2017: $360,405Net Income 2017: $11,4222017Revenue 2018: $418,296Expenses 2018: $442,304Net Income 2018: -$24,0082018Revenue 2019: $408,797Expenses 2019: $408,250Net Income 2019: $5472019Revenue 2020: $429,319Expenses 2020: $381,404Net Income 2020: $47,9152020Revenue 2021: $409,890Expenses 2021: $406,601Net Income 2021: $3,2892021Revenue 2022: $420,929Expenses 2022: $424,933Net Income 2022: -$4,0042022Revenue 2023: $743,150Expenses 2023: $478,673Net Income 2023: $264,4772023Revenue 2024: $404,886Expenses 2024: $520,683Net Income 2024: -$115,7972024

Highlighted filing

2022

Revenue$420,929
Expenses$424,933
Net Income-$4,004
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 26, 2023
Return Version
2022v5.0
Gross Receipts
$436,116
Mission and Program Overview

Mission

To promote the value and enhancement of our historic buildings and neighborhoods in the city of Ithaca and Tompkins County through education advocacy and action.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$126,000$119,838▼ $6,162
Inventories for Sale or Use$98,866$117,669▲ $18,803
Savings and Temporary Cash Investments$107,053$81,122▼ $25,931
Pledges and Grants Receivable$12,287$19,086▲ $6,799
Cash and Non-Interest-Bearing Accounts$16,337$14,309▼ $2,028
Accounts Receivable$6,160$0▼ $6,160
Prepaid Expenses and Deferred Charges$6,693$4,677▼ $2,016
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$373,396$356,701▼ $16,695
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$131,001$118,738▼ $12,263
Accounts Payable and Accrued Expenses$21,447$21,019▼ $428
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$152,448$139,757▼ $12,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$197,361$171,944▼ $25,417
Net Assets With Donor Restrictions$23,587$45,000▲ $21,413
Total Net Assets Fund Balance$220,948$216,944▼ $4,004
Total Liabilities and Net Assets / Fund Balance$373,396$356,701▼ $16,695

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,896$102,032-
Other Land Buildings$1,110$24,043-
Land$4,699--
Equipment$3,096$39,178-
Leasehold Improvements$40,037$24,265-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan HollandExecutive DirectorFT$66,000$66,000

Board Members and Trustees

NameTitle
Kim HazeltonPresident of the Board
Linda JaffeVice President of the Board
Andrew RappaportMember of the Board
Caren RubinMember of the Board
Maya GasukMember of the Board
Nancy BrcakMember of the Board
Noah DemerestMember of the Board
Abby PetersonSecretary of the Board
Gary BucciTreasurer of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$266,294
Program Service Revenue
$3,984
Investment Income
$90
Other Revenue
$150,561
All Other Contributions
$120,169
Change in Net Assets
$-4,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$321,016
Other Expenses$103,917
Total Fundraising Expense$11,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$196,387$19,769$0$216,156
Current Officers, Directors, Trustees, and Key Employees$42,137$16,351$7,512$66,000
Payroll Taxes$23,444$2,819$770$27,033
Office Expenses$6,654$5,712$2,187$14,553
All Other Expenses$5,587$5,256$1,073$11,916
Other Employee Benefits$6,239$5,434$154$11,827
Depreciation Depletion$9,495$1,476$0$10,971
Insurance$8,030$2,778$0$10,808
Occupancy$9,393$722$0$10,115
Fees for Services Accounting$0$6,888$0$6,888
Interest$5,105$631$0$5,736
Advertising$2,009$1,881$0$3,890
Conferences and Meetings$2,098$50$0$2,148
Total Functional Expenses$340,597$72,487$11,849$424,933
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Robert DigiacintoEmployeeSale of Consignment goods through the Significant Elements retail storeNo$42

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
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

Governance Explanations

Part VI, Line 12C

The Executive Director Chair of the Board review any issues render and opinion and take proper measures.

Part VI, Line 15

The Board of Directors have final approval on compensation for the Executive Director. Regarding the employees of the organization the Executive Director makes a recommendation and the Board of Directors makes the final decision.

Filing and Contact Details

Filer

Filer Name
Historic Ithaca Inc
EIN
23-7051773
In Care Of
% Susan Holland
Phone
6072736633
Address
212 CENTER STREET, ITHACA, NY 14850-5259

Signing Officer

Name
Susan Holland
Title
Executive Director
Signed
2023-07-26

Organization Details

Principal Officer
Susan Holland
Formed
1966
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
50
Supplemental Narrative

Financial Statement Notes

Part II, line 5

At least annually an inspection is done of the easements to assure proper handling.

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