Civic Intelligence

August P Petrillo Housing Development Fund Company Inc

990 • Fiscal year 2018 • EIN 23-7219117

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 05, 2019

Organization ProfileN/A
10 Manger CirclePelham, NY 10803

(914) 309-5217

Siviq Scores

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

Liabilities / Assets

58th percentile

0.81x

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

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

26.27x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Net Margin

51st percentile

2.5%

Higher net margin than 51% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

27th percentile

$23,250

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Asset Growth

39th percentile

-1.5%

Faster asset growth than 39% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-66%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$10,541,766

Down $156,593 (-1.5%) from 2017

Net Assets

Up

$2,017,598

Up $211,447 (+12%) from 2017

Liabilities

Down

$8,524,168

Down $368,040 (-4.1%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin51st percentile

Revenue

Down

$324,423

Down $618,941 (-66%) from 2017

Expenses

Down

$316,340

Down $43,324 (-12%) from 2017

Net Income

Down

$8,083

Down $575,617 (-99%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2018

Assets$10,541,766
Liabilities$8,524,168
Net Assets$2,017,598
Open 2018 Filing

Operations Trend

Revenue Growth4th 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

2018

Revenue$324,423
Expenses$316,340
Net Income$8,083
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 5, 2019
Return Version
2018v3.1
Gross Receipts
$324,423
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,102,582$5,043,830▼ $58,752
Rtn Earn Endowment Incm Other Fnds$2,009,515$2,017,598▲ $8,083
Pledges and Grants Receivable$137,364$137,364→ $0
Cash and Non-Interest-Bearing Accounts$82,769$22,987▼ $59,782
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$10,531,105$10,541,766▲ $10,661
Other Assets Total$5,208,390$5,337,585▲ $129,195
Liabilities
Other Liabilities$8,431,275$8,431,275→ $0
Accounts Payable and Accrued Expenses$90,315$92,893▲ $2,578
Total Liabilities$8,521,590$8,524,168▲ $2,578
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,009,515$2,017,598▲ $8,083
Total Liabilities and Net Assets / Fund Balance$10,531,105$10,541,766▲ $10,661

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Land$0--
Equipment$0--
Leasehold Improvements$0--
Other Assets Org$5,337,585--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018----$0
2017----$0
2016----$0
2015----$0
2014----$0
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleBaseTotal
Martin RosenbergMember$23,250$23,250
Dorothy RockSecretary$17,250$17,250
Geraldine ChristianaPresident$17,250$17,250
Joan MeadeMember$17,250$17,250
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$124,754
Investment Income
$199,669
Other Revenue
$0
Change in Net Assets
$8,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,090
Salaries, Compensation, and Employee Benefits$75,000
Grants and Similar Amounts Paid$3,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$134,109--$134,109
Current Officers, Directors, Trustees, and Key Employees$75,000--$75,000
Fees for Services Legal$48,838--$48,838
Conferences and Meetings$32,389--$32,389
Fees for Services Accounting$16,700--$16,700
Insurance$4,184--$4,184
Grants to Domestic Orgs$3,250--$3,250
Other Expenses$1,674--$0
Office Expenses$114--$114
Total Functional Expenses$316,340$0$0$316,340

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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 Income$8,431,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

“Form 990 part vi section a line 6 classes of members or stockholders the organization has members who are approved based on a voting process conducted by the current board. There are no limits. Members can voluntarily withdraw from the board.”

PART VI, SECTION A, LINE 7A

“Form 990 part vi line 7a election of members and their rights the governing board s decision must be approved by their membership pursuant to the organization s bylaws.”

PART VI, SECTION A, LINE 8A

“Form 990 part vi section a line 8a: the board maintains a written record of board meeting discussions and all votes and pending actions.”

PART VI, SECTION A, LINE 8B

“Form 990 part vi section a line 8b: the organization maintains a written record of all meetings of committees with authority to act on behalf of the governing body.”

Part VI, Section B, Line 11

“Form 990 part vi section b line 11: the members of the governing board were provided with a copy of form 990 for their review prior to filing.”

PART VI, SECTION B, LINE 12C

“Form 990 part vi line 12c: the organization s bylaws clearly describe the procedures to be followed in dealing with conflicts of interest.”

Part VI, Section C, Line 19

“Part vi section c lie 19 governing documents disclosure explanantion: available at the office of the managaing agent.”

Filing and Contact Details

Filer

Filer Name
August P Petrillo Housing
EIN
23-7219117
Address
10 MANGER CIRCLE, PELHAM, NY 10803
Doing Business As
Development Fund Company Inc

Signing Officer

Name
Geraldine Christiana
Title
President
Signed
2019-08-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Geraldine Christiana
Formed
1972
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Thomas L Torelli CPA
Address
10 MANGER CIRCLE, PELHAM, NY 10803
Preparer
Thomas L Torelli
Phone
9147385213
Supplemental Narrative

Additional Explanations

PART IX, LINE 11G

“Part ix line 11g: the organization is paying a consultant to help it find a property that meets the organization s goals of providing housing for low income and needy persons.”

Raw XML AppendixShowing 400 of 472 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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IRS990/SavingsAndTempCashInvstGrp/EOYAmt05043830
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0199669
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0176549
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0135935
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0512153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0124754
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0970179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05155
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01386049
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01096680
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03582817
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0199669
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0135935
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0512153
IRS990ScheduleA/InvestmentIncomeCYPct00.12507
IRS990ScheduleA/InvestmentIncomePYPct00.0643
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.87493
IRS990ScheduleA/PublicSupportPY509Pct00.9357
IRS990ScheduleA/PublicSupportTotal509Amt03582817
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0124754
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05155
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01386049
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01096680
IRS990ScheduleA/Total509Grp/TotalAmt03582817
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0324423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01146728
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0141090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01386049
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01096680
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04094970
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05337585
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08431275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INCOME
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/RelatedOrgListSchRInd0false
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05337585
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt08431275
IRS990ScheduleD/TotalRevenuePerForm990Amt00
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 PART VI SECTION A LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS THE ORGANIZATION HAS MEMBERS WHO ARE APPROVED BASED ON A VOTING PROCESS CONDUCTED BY THE CURRENT BOARD. THERE ARE NO LIMITS. MEMBERS CAN VOLUNTARILY WITHDRAW FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 PART VI LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE GOVERNING BOARD S DECISION MUST BE APPROVED BY THEIR MEMBERSHIP PURSUANT TO THE ORGANIZATION S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 PART VI SECTION A LINE 8A: THE BOARD MAINTAINS A WRITTEN RECORD OF BOARD MEETING DISCUSSIONS AND ALL VOTES AND PENDING ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PART VI SECTION A LINE 8B: THE ORGANIZATION MAINTAINS A WRITTEN RECORD OF ALL MEETINGS OF COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 PART VI SECTION B LINE 11: THE MEMBERS OF THE GOVERNING BOARD WERE PROVIDED WITH A COPY OF FORM 990 FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 PART VI LINE 12C: THE ORGANIZATION S BYLAWS CLEARLY DESCRIBE THE PROCEDURES TO BE FOLLOWED IN DEALING WITH CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PART VI SECTION C LIE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANANTION: AVAILABLE AT THE OFFICE OF THE MANAGAING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PART IX LINE 11G: THE ORGANIZATION IS PAYING A CONSULTANT TO HELP IT FIND A PROPERTY THAT MEETS THE ORGANIZATION S GOALS OF PROVIDING HOUSING FOR LOW INCOME AND NEEDY PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION A, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION A, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART IX, LINE 11g
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010531105
IRS990/TotalAssetsEOYAmt010541766
IRS990/TotalAssetsGrp/BOYAmt010531105
IRS990/TotalAssetsGrp/EOYAmt010541766
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0316340

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,541,766
Liabilities
$8,524,168
Net assets
$2,017,598
Revenue
$324,423
Expenses
$316,340
Net income
$8,083
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