Civic Intelligence

Congregation Ohav Sholom Housing

EIN 23-7219737 • 501(c)3 • Albany, NY

Profile

Provide affordable housing to elderly

115 New Krumkill RoadAlbany, NY 12208

www.ohavsholomapts.org

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

39th percentile

0.03x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

88th percentile

47%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

34th percentile

-1.0%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-8.7%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,172,939

Up $1,186 (+0.0%) from 2022

Liabilities

Up

$4,149

Up $99 (+2.4%) from 2022

Net Assets

Up

$4,168,790

Up $1,087 (+0.0%) from 2022

Revenue

Down

$97,742

Down $21,673 (-18%) from 2022

Expenses

Up

$63,820

Up $956 (+1.5%) from 2022

Net Income

Down

$33,922

Down $22,629 (-40%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,788,802Liabilities 2011: $1,071,801Net Assets 2011: $717,0012011Assets 2012: $1,861,562Liabilities 2012: $814,565Net Assets 2012: $1,046,9972012Assets 2013: $1,831,742Liabilities 2013: $516,118Net Assets 2013: $1,315,6242013Assets 2014: $1,790,217Liabilities 2014: $160,086Net Assets 2014: $1,630,1312014Assets 2015: $4,112,828Liabilities 2015: $305,370Net Assets 2015: $3,807,4582015Assets 2016: $3,887,370Liabilities 2016: $0Net Assets 2016: $3,887,3702016Assets 2017: $3,936,030Liabilities 2017: $13,350Net Assets 2017: $3,922,6802017Assets 2018: $3,910,438Liabilities 2018: $0Net Assets 2018: $3,910,4382018Assets 2019: $3,922,571Liabilities 2019: $0Net Assets 2019: $3,922,5712019Assets 2020: $3,949,847Liabilities 2020: $0Net Assets 2020: $3,949,8472020Assets 2021: $4,213,977Liabilities 2021: $0Net Assets 2021: $4,213,9772021Assets 2022: $4,171,753Liabilities 2022: $4,050Net Assets 2022: $4,167,7032022Assets 2023: $4,172,939Liabilities 2023: $4,149Net Assets 2023: $4,168,7902023

Highlighted filing

2023

Assets$4,172,939
Liabilities$4,149
Net Assets$4,168,790

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,399,8552011Expenses 2012: $1,339,6432012Expenses 2013: $1,441,0632013Revenue 2014: $1,676,151Expenses 2014: $1,361,642Net Income 2014: $314,5092014Revenue 2015: $3,311,087Expenses 2015: $1,133,760Net Income 2015: $2,177,3272015Revenue 2016: $136,550Expenses 2016: $56,638Net Income 2016: $79,9122016Revenue 2017: $80,519Expenses 2017: $92,659Net Income 2017: -$12,1402017Revenue 2018: $92,102Expenses 2018: $138,721Net Income 2018: -$46,6192018Revenue 2019: $91,056Expenses 2019: $61,199Net Income 2019: $29,8572019Revenue 2020: $76,728Expenses 2020: $58,817Net Income 2020: $17,9112020Revenue 2021: $130,795Expenses 2021: $67,061Net Income 2021: $63,7342021Revenue 2022: $119,415Expenses 2022: $62,864Net Income 2022: $56,5512022Revenue 2023: $97,742Expenses 2023: $63,820Net Income 2023: $33,9222023

Highlighted filing

2023

Revenue$97,742
Expenses$63,820
Net Income$33,922

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.10$0.06$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.12$0.06$0.06
2021Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.13$0.07$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.95$0.00$3.95$0.08$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.92$0.00$3.92$0.09$0.06$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.91$0.00$3.91$0.09$0.14$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.94$0.01$3.92$0.08$0.09$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$0.14$0.06$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.11$0.31$3.81$3.31$1.13$2.18
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.16$1.63$1.68$1.36$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.52$1.32$1.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.81$1.05$1.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$1.07$0.72$1.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$314,207
Mission and Program Overview

Mission

Provide affordable housing to elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,167,703$4,168,790▲ $1,087
Other Notes and Loans Receivable, Net$2,353,529$2,318,140▼ $35,389
Investments in Publicly Traded Securities$1,187,341$1,215,996▲ $28,655
Cash and Non-Interest-Bearing Accounts$157,591$101,331▼ $56,260
Prepaid Expenses and Deferred Charges$1,565$525▼ $1,040
Total Assets$4,171,753$4,172,939▲ $1,186
Other Assets Total$471,727$536,947▲ $65,220
Liabilities
Accounts Payable and Accrued Expenses$4,050$4,149▲ $99
Total Liabilities$4,050$4,149▲ $99
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,167,703$4,168,790▲ $1,087
Total Liabilities and Net Assets / Fund Balance$4,171,753$4,172,939▲ $1,186

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$536,947--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marc BerlinskyPresident
Bess WadlerDirector
Daniel SandersDirector
Douglas SchwartzDirector
Jean RosenthalDirector
Lisa GallyDirector
Sol GoldsteinDirector
Walter GreenbergDirector
Richard WeiszSecretary
Stephen LevyTreasurer
Marc NewmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$33,628
Other Revenue
$64,114
Change in Net Assets
$33,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates-$50,000-$50,000
Fees for Service Investment Mgmnt Fees-$6,100-$6,100
Fees for Services Accounting-$4,150-$4,150
Insurance-$3,544-$3,544
Fees for Services Other-$26-$26
Total Functional Expenses$0$63,820$0$63,820
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Management is provided a draft to review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Monitored by the board of directors

Form 990, Page 6, Part VI, Line 19

Disclosed upon request at the offices of the organization.

Form 990, Part VIII

Form 990, part viii, line 11a - miscellaneous revenue accrued interest earned on purchase money mortgage to further the organization's exempt purpose. These earnings will be converted into partial consideration for the re-purchase of a low income housing project previously owned by the organization. The organization has an option and right of first refusal to re-purchase the project upon the completion of the tax credit compliance period. It is the boardd's intention to re- purchase the project. The organization's exempt purpose is the operation and management of a low income housing project for the elderly and the handicapped. Amount earned for the fiscal year ended may 31, 2022 - 63,469.

Filing and Contact Details

Filer

Filer Name
Congregation Ohav Sholom Housing
EIN
23-7219737
Phone
5184895531
Address
115 NEW KRUMKILL ROAD, ALBANY, NY 12208

Signing Officer

Name
Stephen Levy
Title
Treasurer
Phone
5184895531
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Berlinsky
Formed
1972
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
MICHAEL A TOBIN & ASSOC CPA'S PC
Address
18 COMPUTER DRIVE EAST - SUITE 101, ALBANY, NY 12205-1290
Preparer
Michael a Tobin Ii
Phone
5189808100
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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt070160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt062457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt062907
IRS990ScheduleA/Total509Grp/TotalAmt0323107
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt096925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0102653
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt090633
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt087015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt095476
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0472702
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0536947
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0536947
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS PROVIDED A DRAFT TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSED UPON REQUEST AT THE OFFICES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VIII, LINE 11A - MISCELLANEOUS REVENUE ACCRUED INTEREST EARNED ON PURCHASE MONEY MORTGAGE TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. THESE EARNINGS WILL BE CONVERTED INTO PARTIAL CONSIDERATION FOR THE RE-PURCHASE OF A LOW INCOME HOUSING PROJECT PREVIOUSLY OWNED BY THE ORGANIZATION. THE ORGANIZATION HAS AN OPTION AND RIGHT OF FIRST REFUSAL TO RE-PURCHASE THE PROJECT UPON THE COMPLETION OF THE TAX CREDIT COMPLIANCE PERIOD. IT IS THE BOARDD'S INTENTION TO RE- PURCHASE THE PROJECT. THE ORGANIZATION'S EXEMPT PURPOSE IS THE OPERATION AND MANAGEMENT OF A LOW INCOME HOUSING PROJECT FOR THE ELDERLY AND THE HANDICAPPED. AMOUNT EARNED FOR THE FISCAL YEAR ENDED MAY 31, 2022 - 63,469.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VIII
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04171753
IRS990/TotalAssetsEOYAmt04172939
IRS990/TotalAssetsGrp/BOYAmt04171753
IRS990/TotalAssetsGrp/EOYAmt04172939
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt063820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04050
IRS990/TotalLiabilitiesEOYAmt04149
IRS990/TotalLiabilitiesGrp/BOYAmt04050
IRS990/TotalLiabilitiesGrp/EOYAmt04149
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04167703
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04168790
IRS990/TotalRevenueGrp/ExclusionAmt032811
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt064931
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097742
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04171753
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04172939
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 NEW KRUMKILL ROAD
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012208
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.OHAVSHOLOMAPTS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN LEVY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05184895531
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONGREGATION OHAV SHOLOM HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FUND CO INC
ReturnHeader/Filer/BusinessNameControlTxt0CONG
ReturnHeader/Filer/EIN0237219737
ReturnHeader/Filer/PhoneNum05184895531
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 NEW KRUMKILL ROAD
ReturnHeader/Filer/USAddress/CityNm0ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141731700
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL A TOBIN & ASSOC CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018 COMPUTER DRIVE EAST - SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0122051290
ReturnHeader/PreparerPersonGrp/PhoneNum05189808100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A TOBIN II
ReturnHeader/ReturnTs02024-04-15T16:57:06-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEVY
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

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