Civic Intelligence

August P Petrillo Housing Development Fund Company Inc

990 • Fiscal year 2015 • EIN 23-7219117

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

Organization ProfileN/A
2 South StreetMount Vernon, NY 10550

(914) 840-9741

Siviq Scores

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

Liabilities / Assets

58th percentile

0.87x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

6.92x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Net Margin

51st percentile

4.4%

Higher net margin than 51% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Asset Growth

99th percentile

616%

Faster asset growth than 99% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

26%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$11,055,444

Up $9,511,370 (+616%) from 2014

Net Assets

Up

$1,466,774

Up $61,004 (+4.3%) from 2014

Liabilities

Up

$9,588,670

Up $9,450,366 (+6833%) from 2014

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin51st percentile

Revenue

Up

$1,386,049

Up $289,369 (+26%) from 2014

Expenses

Up

$1,325,045

Up $393,476 (+42%) from 2014

Net Income

Down

$61,004

Down $104,107 (-63%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$15M$10M$5.0M$0Assets 2014: $1,544,074Liabilities 2014: $138,304Net Assets 2014: $1,405,7702014Assets 2015: $11,055,444Liabilities 2015: $9,588,670Net Assets 2015: $1,466,7742015Assets 2016: $10,241,299Liabilities 2016: $9,018,848Net Assets 2016: $1,222,4512016Assets 2017: $10,698,359Liabilities 2017: $8,892,208Net Assets 2017: $1,806,1512017Assets 2018: $10,541,766Liabilities 2018: $8,524,168Net Assets 2018: $2,017,5982018Assets 2019: $10,437,003Liabilities 2019: $8,466,288Net Assets 2019: $1,970,7152019Assets 2020: $10,394,902Liabilities 2020: $8,460,644Net Assets 2020: $1,934,2582020Assets 2021: $10,380,247Liabilities 2021: $8,425,286Net Assets 2021: $1,954,9612021Assets 2022: $10,297,884Liabilities 2022: $8,427,543Net Assets 2022: $1,870,3412022Assets 2023: $10,205,366Liabilities 2023: $8,425,023Net Assets 2023: $1,780,3432023Assets 2024: $10,252,927Liabilities 2024: $8,425,373Net Assets 2024: $1,827,5542024

Highlighted filing

2015

Assets$11,055,444
Liabilities$9,588,670
Net Assets$1,466,774
Open 2015 Filing

Operations Trend

Revenue Growth83rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,096,680Expenses 2014: $931,569Net Income 2014: $165,1112014Revenue 2015: $1,386,049Expenses 2015: $1,325,045Net Income 2015: $61,0042015Revenue 2016: $141,090Expenses 2016: $385,413Net Income 2016: -$244,3232016Revenue 2017: $943,364Expenses 2017: $359,664Net Income 2017: $583,7002017Revenue 2018: $324,423Expenses 2018: $316,340Net Income 2018: $8,0832018Revenue 2019: $227,034Expenses 2019: $273,917Net Income 2019: -$46,8832019Revenue 2020: $207,522Expenses 2020: $243,979Net Income 2020: -$36,4572020Revenue 2021: $242,211Expenses 2021: $221,508Net Income 2021: $20,7032021Revenue 2022: $145,843Expenses 2022: $230,463Net Income 2022: -$84,6202022Revenue 2023: $95,829Expenses 2023: $185,827Net Income 2023: -$89,9982023Revenue 2024: $163,012Expenses 2024: $115,801Net Income 2024: $47,2112024

Highlighted filing

2015

Revenue$1,386,049
Expenses$1,325,045
Net Income$61,004
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,386,049
Mission and Program Overview

Mission

To develop and operate a housing facility for low income and needy persons

To develop and operate a housing facility for low-income and needy persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$317,887$3,528,404▲ $3,210,517
Land, Buildings, and Equipment, Net$862,326$370,618▼ $491,708
Savings and Temporary Cash Investments$265,799--
Prepaid Expenses and Deferred Charges$60,650--
Accounts Receivable$16,107$20,429▲ $4,322
Total Assets$1,544,074$11,055,444▲ $9,511,370
Other Assets Total$21,305$7,135,993▲ $7,114,688
Liabilities
Other Liabilities$60,650$9,511,016▲ $9,450,366
Accounts Payable and Accrued Expenses$77,654$77,654→ $0
Total Liabilities$138,304$9,588,670▲ $9,450,366
Net Assets / Fund Balance
Unrestricted Net Assets$1,405,770$1,466,774▲ $61,004
Total Net Assets Fund Balance$1,405,770$1,466,774▲ $61,004
Total Liabilities and Net Assets / Fund Balance$1,544,074$11,055,444▲ $9,511,370

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$370,618-$370,618
Other Assets Org$21,305--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Geraldine ChristianaPresident
Dorothy RockSecretary
Mickey RossVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,381,383
Investment Income
$582
Other Revenue
$4,084
Change in Net Assets
$61,004

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,386,049
Total Revenue per Audited Statements
$1,386,049
Total Revenue per Form 990
$1,386,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,063,348
Salaries, Compensation, and Employee Benefits$148,397
Grants and Similar Amounts Paid$113,300
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$731,875--$731,875
Fees for Services Legal$127,073--$127,073
Grants to Domestic Orgs$113,300--$113,300
Depreciation Depletion$102,724--$102,724
Other Salaries and Wages$98,270--$98,270
Fees for Services Management$91,176--$91,176
Payroll Taxes$35,662--$35,662
Other Employee Benefits$14,465--$14,465
Fees for Services Accounting$10,500--$10,500
Total Functional Expenses$1,325,045$0$0$1,325,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,325,045
Total Expenses per Audited Statements$1,325,045
Total Expenses per Form 990$1,325,045
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Services AssociationMt Vernon, NY--$50,000
Church of the AscensionMt Vernon, NY--$41,300
Ludacris FoundationEast Point, GA--$10,000
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
Deferred Gain$9,511,016
Tenant Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members who are approved based on a voting process conducted by the current board. There are no term limits. Members can voluntarily withdraw from the board.”

Form 990, Page 6, Part VI, Line 7A

“The governing borad's decision must be approved by the membership pursuant to the organization's bylaws.”

Form 990, Page 6, Part VI, Line 7B

“The governing board's decision must be approved by the membership pursuant to the organization's bylaws.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Available at the office of the managing agent.”

Filing and Contact Details

Filer

Filer Name
August P Petrillo
EIN
23-7219117
Phone
9148409741
Address
2 SOUTH STREET, MOUNT VERNON, NY 10550

Signing Officer

Name
Geraldine Christiana
Title
President
Phone
9148409741
Signed
2016-11-10

Organization Details

Principal Officer
Geraldine Christiana
Formed
1972
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Sacco CPA Llp
Address
200 BUSINESS PARK DRIVE, ARMONK, NY 10504
Preparer
John M Sacco CPA
Phone
9142736270
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To develope and operate a housing facility for low-income and needy persons”

Form 990, Part IX, Line 11G

“Electricity 110,828 0 0 water & sewer 32,504 0 0 gas 81,870 0 0 garbage removal 5,623 0 0 repais & maintenance-hvac 147,903 0 0 real estate taxes 234,000 0 0 insurance 84,468 0 0 office expenses 21,539 0 0 telephone 5,638 0 0 payroll fees 1,878 0 0 landscaping 5,624 0 0”

Raw XML Appendix347 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.

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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010550
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110550
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd230344
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO DEVELOPE AND OPERATE A HOUSING FACILITY FOR LOW-INCOME AND NEEDY PERSONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS WHO ARE APPROVED BASED ON A VOTING PROCESS CONDUCTED BY THE CURRENT BOARD. THERE ARE NO TERM LIMITS. MEMBERS CAN VOLUNTARILY WITHDRAW FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BORAD'S DECISION MUST BE APPROVED BY THE MEMBERSHIP PURSUANT TO THE ORGANIZATION'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD'S DECISION MUST BE APPROVED BY THE MEMBERSHIP PURSUANT TO THE ORGANIZATION'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE AT THE OFFICE OF THE MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ELECTRICITY 110,828 0 0 WATER & SEWER 32,504 0 0 GAS 81,870 0 0 GARBAGE REMOVAL 5,623 0 0 REPAIS & MAINTENANCE-HVAC 147,903 0 0 REAL ESTATE TAXES 234,000 0 0 INSURANCE 84,468 0 0 OFFICE EXPENSES 21,539 0 0 TELEPHONE 5,638 0 0 PAYROLL FEES 1,878 0 0 LANDSCAPING 5,624 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01544074
IRS990/TotalAssetsEOYAmt011055444
IRS990/TotalAssetsGrp/BOYAmt01544074
IRS990/TotalAssetsGrp/EOYAmt011055444
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01325045
IRS990/TotalFunctionalExpensesGrp/TotalAmt01325045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0138304
IRS990/TotalLiabilitiesEOYAmt09588670
IRS990/TotalLiabilitiesGrp/BOYAmt0138304
IRS990/TotalLiabilitiesGrp/EOYAmt09588670
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01405770
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01466774
IRS990/TotalOtherProgSrvcExpenseAmt0113224
IRS990/TotalProgramServiceExpensesAmt01325045
IRS990/TotalProgramServiceRevenueAmt01381383
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01386049
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01386049
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01544074
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011055444
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01405770
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01466774
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 SOUTH STREET
IRS990/USAddress/CityNm0MOUNT VERNON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010550
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALDINE CHRISTIANA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09148409741
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUGUST P PETRILLO
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0AUGU
ReturnHeader/Filer/EIN0237219117
ReturnHeader/Filer/PhoneNum09148409741
ReturnHeader/Filer/USAddress/AddressLine1Txt02 SOUTH STREET
ReturnHeader/Filer/USAddress/CityNm0MOUNT VERNON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010550
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462911697
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SACCO CPA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 BUSINESS PARK DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARMONK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010504
ReturnHeader/PreparerPersonGrp/PhoneNum09142736270
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M SACCO CPA
ReturnHeader/ReturnTs02016-11-15T08:57:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,055,444
Liabilities
$9,588,670
Net assets
$1,466,774
Revenue
$1,386,049
Expenses
$1,325,045
Net income
$61,004
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.3$8.43$1.83$0.16$0.12$0.05
2023Detailed filing. Detailed filing data is available for this year.$10.2$8.43$1.78$0.10$0.19$0.09
2022Detailed filing. Detailed filing data is available for this year.$10.3$8.43$1.87$0.15$0.23$0.08
2021Detailed filing. Detailed filing data is available for this year.$10.4$8.43$1.95$0.24$0.22$0.02
2020Detailed filing. Detailed filing data is available for this year.$10.4$8.46$1.93$0.21$0.24$0.04
2019Detailed filing. Detailed filing data is available for this year.$10.4$8.47$1.97$0.23$0.27$0.05
2018Detailed filing. Detailed filing data is available for this year.$10.5$8.52$2.02$0.32$0.32$0.01
2017Detailed filing. Detailed filing data is available for this year.$10.7$8.89$1.81$0.94$0.36$0.58
2016Detailed filing. Detailed filing data is available for this year.$10.2$9.02$1.22$0.14$0.39$0.24
2015Detailed filing. Detailed filing data is available for this year.$11.1$9.59$1.47$1.39$1.33$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.14$1.41$1.10$0.93$0.17