Civic Intelligence

Congregation Ohav Sholom Housing Development Fund Company Inc.

990 • Fiscal year 2017 • EIN 23-7219737

Jun 01, 2016 to May 31, 2017 • Filed on Apr 13, 2017

115 New Krumkill RoadAlbany, NY 12208

(518) 489-5531

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.17x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Net Margin

38th percentile

-15%

Higher net margin than 38% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Asset Growth

70th percentile

1.3%

Faster asset growth than 70% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,936,030

Up $48,660 (+1.3%) from 2016

Net Assets

Up

$3,922,680

Up $35,310 (+0.9%) from 2016

Liabilities

Up

$13,350

Up $13,350 from 2016

Revenue

Down

$80,519

Down $56,031 (-41%) from 2016

Expenses

Up

$92,659

Up $36,021 (+64%) from 2016

Net Income

Down

-$12,140

Down $92,052 (-115%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$3,936,030
Liabilities$13,350
Net Assets$3,922,680

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$80,519
Expenses$92,659
Net Income-$12,140
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 13, 2017
Return Version
2016v3.1
Gross Receipts
$224,828
Mission and Program Overview

Mission

Provide affordable housing to elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,887,370$3,922,680▲ $35,310
Other Notes and Loans Receivable, Net$3,000,000$3,000,000→ $0
Savings and Temporary Cash Investments$813,311--
Investments in Publicly Traded Securities-$727,188-
Cash and Non-Interest-Bearing Accounts$1,385$61,083▲ $59,698
Prepaid Expenses and Deferred Charges-$2,850-
Total Assets$3,887,370$3,936,030▲ $48,660
Other Assets Total$72,674$144,909▲ $72,235
Liabilities
Accounts Payable and Accrued Expenses-$13,350-
Total Liabilities$0$13,350▲ $13,350
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,887,370$3,922,680▲ $35,310
Total Liabilities and Net Assets / Fund Balance$3,887,370$3,936,030▲ $48,660
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$9,847
Other Revenue
$70,672
Change in Net Assets
$-12,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,659
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-$75,000-$75,000
Fees for Services Accounting-$13,350-$13,350
Fees for Service Investment Mgmnt Fees-$2,415-$2,415
Other Expenses-$117-$117
Insurance-$-2,480-$-2,480
Total Functional Expenses$0$92,659$0$92,659
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
Backup withholding compliance
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
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, 2017 - 70,672.

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
President
Phone
5184895531
Signed
2017-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Levy
Formed
1972
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
21

Preparer

Firm
MICHAEL A TOBIN & ASSOCIATES CPA'S PC
Address
40 BRITISH AMERICAN BLVD, LATHAM, NY 12110
Preparer
Michael a Tobin Ii
Phone
5187833100
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0198567
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0199383
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0397950
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012143
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt092555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt082782
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt081397
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0268877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt070672
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt069082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01386289
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01393666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01427157
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04346866
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012143
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt092555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt082782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt081397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0268877
IRS990ScheduleA/InvestmentIncomeCYPct00.05000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0590
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0981
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01631
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03202
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94580
IRS990ScheduleA/PublicSupportPY509Pct00.94810
IRS990ScheduleA/PublicSupportTotal509Amt04744816
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt069082
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01386289
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01592233
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01626540
IRS990ScheduleA/Total509Grp/TotalAmt04744816
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt082815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt069082
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01479434
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01675996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01709568
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05016895
IRS990/ScheduleBRequiredInd0false
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, 2017 - 70,672.
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CONGREGATION OHAV SHOLOM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0NEW KRUMKILL ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ALBANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd012208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt075000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CONGREGATION OHAV SHOLOM
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03887370
IRS990/TotalAssetsEOYAmt03936030
IRS990/TotalAssetsGrp/BOYAmt03887370
IRS990/TotalAssetsGrp/EOYAmt03936030
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092659
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt092659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt013350
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt013350
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03887370
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03922680
IRS990/TotalRevenueGrp/ExclusionAmt012143
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068376
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080519
IRS990/TotalVolunteersCnt021
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03887370
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03936030
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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