Civic Intelligence

Parkway Elderly Housing Development Fund Co Inc.

990 • Fiscal year 2015 • EIN 23-7314767

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 03, 2016

Organization ProfileN/A
101 Columbia StreetCorning, NY 14830

(607) 937-5361

Siviq Scores

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

Liabilities / Assets

45th percentile

0.52x

Higher debt load relative to assets than 45% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

39th percentile

0.83x

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

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

79th percentile

14%

Higher net margin than 79% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets45th percentile

Assets

$2,689,195

No earlier filing loaded for comparison.

Net Assets

$1,301,832

No earlier filing loaded for comparison.

Liabilities

$1,387,363

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin79th percentile

Revenue

$1,666,313

No earlier filing loaded for comparison.

Expenses

$1,440,974

No earlier filing loaded for comparison.

Net Income

$225,339

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $2,689,195Liabilities 2015: $1,387,363Net Assets 2015: $1,301,8322015Assets 2016: $2,926,369Liabilities 2016: $1,319,957Net Assets 2016: $1,606,4122016Assets 2017: $2,869,240Liabilities 2017: $1,206,638Net Assets 2017: $1,662,6022017Assets 2018: $2,836,153Liabilities 2018: $1,178,977Net Assets 2018: $1,657,1762018Assets 2019: $2,732,783Liabilities 2019: $1,044,364Net Assets 2019: $1,688,4192019Assets 2020: $2,712,085Liabilities 2020: $971,477Net Assets 2020: $1,740,6082020Assets 2021: $2,705,260Liabilities 2021: $908,069Net Assets 2021: $1,797,1912021Assets 2022: $2,818,437Liabilities 2022: $849,699Net Assets 2022: $1,968,7382022Assets 2023: $3,028,112Liabilities 2023: $789,326Net Assets 2023: $2,238,7862023Assets 2024: $3,021,164Liabilities 2024: $617,764Net Assets 2024: $2,403,4002024Assets 2025: $3,233,091Liabilities 2025: $539,058Net Assets 2025: $2,694,0332025

Highlighted filing

2015

Assets$2,689,195
Liabilities$1,387,363
Net Assets$1,301,832
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,666,313Expenses 2015: $1,440,974Net Income 2015: $225,3392015Revenue 2016: $1,600,408Expenses 2016: $1,295,828Net Income 2016: $304,5802016Revenue 2017: $1,565,622Expenses 2017: $1,509,432Net Income 2017: $56,1902017Revenue 2018: $1,535,966Expenses 2018: $1,541,392Net Income 2018: -$5,4262018Revenue 2019: $1,564,173Expenses 2019: $1,532,930Net Income 2019: $31,2432019Revenue 2020: $1,605,070Expenses 2020: $1,552,881Net Income 2020: $52,1892020Revenue 2021: $1,628,608Expenses 2021: $1,572,025Net Income 2021: $56,5832021Revenue 2022: $1,772,243Expenses 2022: $1,600,696Net Income 2022: $171,5472022Revenue 2023: $1,849,611Expenses 2023: $1,579,563Net Income 2023: $270,0482023Revenue 2024: $1,949,381Expenses 2024: $1,784,767Net Income 2024: $164,6142024Revenue 2025: $2,102,065Expenses 2025: $1,811,432Net Income 2025: $290,6332025

Highlighted filing

2015

Revenue$1,666,313
Expenses$1,440,974
Net Income$225,339
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 3, 2016
Return Version
2014v6.0
Gross Receipts
$1,666,313
Mission and Program Overview

Mission

To provide affordable housing to the elderly and qualified handicapped individuals.

To provide affordable housing to the elderly and qualified handicapped individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,471,625$1,334,716▼ $136,909
Cash and Non-Interest-Bearing Accounts$193,345$214,739▲ $21,394
Prepaid Expenses and Deferred Charges$30,436$27,086▼ $3,350
Accounts Receivable$55,344$12,758▼ $42,586
Total Assets$2,786,588$2,689,195▼ $97,393
Other Assets Total$1,035,838$1,099,896▲ $64,058
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,489,056$1,223,264▼ $265,792
Other Liabilities$137,901$99,343▼ $38,558
Accounts Payable and Accrued Expenses$80,303$61,350▼ $18,953
Deferred Revenue$2,835$3,406▲ $571
Total Liabilities$1,710,095$1,387,363▼ $322,732
Net Assets / Fund Balance
Unrestricted Net Assets$1,076,493$1,301,832▲ $225,339
Total Net Assets Fund Balance$1,076,493$1,301,832▲ $225,339
Total Liabilities and Net Assets / Fund Balance$2,786,588$2,689,195▼ $97,393

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,189,920$5,711,866$6,901,786
Other Land Buildings$52,905$581,250$634,155
Equipment$6$137,159$137,165
Land$91,885-$91,885
Other Assets Org$1,028,768--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Michael AstolfiVice President
Audrey WhitcombDirector
Carol GardnerDirector
Christy BalliettDirector
Graham WightmanDirector
Jeffrey HeverlyDirector
Kenneth OvermanDirector
Patricia BaroodyDirector
Rene SnyderrDirector
Stephen CastnerDirector
Anne DarlingSecretary
Frederick MaloneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edc Management INCManagement Fee101 COLUMBIA STREET, Corning, NY 14830$110,527
Revenue and Support

Revenue Composition

Contributions and Grants
$272,372
Program Service Revenue
$1,393,532
Investment Income
$409
Other Revenue
$0
Change in Net Assets
$225,339

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,666,313
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,666,313
Total Revenue per Form 990
$1,666,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,146,024
Salaries, Compensation, and Employee Benefits$294,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$443,497$49,278-$492,775
Other Salaries and Wages$113,916$113,807-$227,723
Depreciation Depletion$187,058--$187,058
Fees for Services Management-$110,527-$110,527
Other Employee Benefits$24,742$24,741-$49,483
Office Expenses-$21,423-$21,423
Fees for Services Accounting-$18,003-$18,003
Payroll Taxes$8,872$8,872-$17,744
Other Expenses$283,355$15,099-$15,099
Fees for Services Other-$7,786-$7,786
Advertising-$7,190-$7,190
Fees for Services Legal-$2,076-$2,076
Insurance$732--$732
Total Functional Expenses$1,062,172$378,802$0$1,440,974

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,440,974
Total Expenses per Audited Statements$1,440,974
Total Expenses per Form 990$1,440,974
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on 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
Tenant Security Deposits$71,128
Accrued City Services$28,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Edc management inc. Is the managing agent of the organization. Pursuant to management agreements, the organization pays edc management inc. A monthly management fee of a certain percentage of gross collections. In addition, the organziation pays edc management inc. For general contracting services.”

Form 990, Part VI, Section B, Line 11

“At a regularly scheduled board meeting, the form 990 is reviewed, with resolution, and authorizes the board president to sign and file the from 990.”

Form 990, Part VI, Section C, Line 19

“The governing documents, policies, and financial statements are available to the public upon request.”

FORM 990, PART V, LINE 2A AND PART VI, SECTION B, LINE 15:

“The organization does not have employees of its own and does not file any w-2s. Individuals working with the organization are paid by edc management inc., the managing agent of the organization. Edc management charges the organization for the applicable payroll and benefits of those individuals.”

Filing and Contact Details

Filer

Filer Name
Parkway Elderly Housing Development Fund Co Inc
EIN
23-7314767
Phone
6079375361
Address
101 COLUMBIA STREET, CORNING, NY 14830

Signing Officer

Name
Michael Astolfi
Title
Vice President
Phone
6079375361
Signed
2016-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Astolfi
Formed
1973
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
333 EAST WATER ST STE 200, ELMIRA, NY 14901
Preparer
Katherine E Stickler
Phone
6077344183
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The full board provides oversight of the audit and selection of auditors.”

Financial Statement Notes

PART X, LINE 2:

“The company files form 990 tax returns in the u.s. Federal jurisdiction and in new york state. With few exceptions, as of september 30, 2015, the corporation is no longer subject to u.s. Federal or state income tax examinations by tax authorities for year before september 30, 2012. The tax returns for the years ended september 30, 2012 through september 30, 2015 are still subject to potential audit by the irs and the taxing authorities in new york state. Management of the company believes it has no material uncertain tax positions and, accordingly it has not recognized any liability for unrecognized tax benefits.”

Raw XML AppendixShowing 400 of 484 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt080303
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt061350
IRS990/AccountsReceivableGrp/BOYAmt055344
IRS990/AccountsReceivableGrp/EOYAmt012758
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND QUALIFIED HANDICAPPED INDIVIDUALS
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07190
IRS990/AdvertisingGrp/TotalAmt07190
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0EDC MANAGEMENT INC
IRS990/BooksInCareOfDetail/PhoneNum06079375361
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 COLUMBIA STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CORNING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014830
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0193345
IRS990/CashNonInterestBearingGrp/EOYAmt0214739
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0110527
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0101 COLUMBIA STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CORNING
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd014830
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0EDC MANAGEMENT INC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT FEE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0272372
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0409
IRS990/CYOtherExpensesAmt01146024
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01393532
IRS990/CYRevenuesLessExpensesAmt0225339
IRS990/CYSalariesCompEmpBnftPaidAmt0294950
IRS990/CYTotalExpensesAmt01440974
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01666313
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02835
IRS990/DeferredRevenueGrp/EOYAmt03406
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0187058
IRS990/DepreciationDepletionGrp/TotalAmt0187058
IRS990/Desc0DAYSPRING I IS A ONE HUNDRED TEN UNIT APARTMENT COMPLEX LOCATED IN CORNING, NEW YORK, ESTABLISHED TO PROVIDE DECENT, SANITARY HOUSING FOR ELDERLY AND QUALIFIED DISABLED RESIDENTS. IT IS FEDERALLY SUBSIDIZED BY THE INSURANCE OF ITS MORTGAGE LOAN UNDER SECTION 231 OF THE FEDERAL HOUSING ACT, AND AN INTEREST SUBSIDY FROM HUD. IT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENTS AND A SIGNIFICANT PORTION OF THE RENTAL REVENUE IS RECEIVED FROM HUD.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0471011
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018003
IRS990/FeesForServicesAccountingGrp/TotalAmt018003
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02076
IRS990/FeesForServicesLegalGrp/TotalAmt02076
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0110527
IRS990/FeesForServicesManagementGrp/TotalAmt0110527
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07786
IRS990/FeesForServicesOtherGrp/TotalAmt07786
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL ASTOLFI
IRS990/Form990PartVIISectionAGrp/PersonNm1ANNE DARLING
IRS990/Form990PartVIISectionAGrp/PersonNm2FREDERICK MALONEY
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTY BALLIETT
IRS990/Form990PartVIISectionAGrp/PersonNm4RENE SNYDERR
IRS990/Form990PartVIISectionAGrp/PersonNm5AUDREY WHITCOMB
IRS990/Form990PartVIISectionAGrp/PersonNm6PATRICIA BAROODY
IRS990/Form990PartVIISectionAGrp/PersonNm7GRAHAM WIGHTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8CAROL GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFFREY HEVERLY
IRS990/Form990PartVIISectionAGrp/PersonNm10KENNETH OVERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11STEPHEN CASTNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0272372
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01666313
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0732
IRS990/InsuranceGrp/TotalAmt0732
IRS990/InvestmentIncomeGrp/ExclusionAmt0409
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0409
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06430275
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01471625
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01334716
IRS990/LandBldgEquipCostOrOtherBssAmt07764991
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND QUALIFIED HANDICAPPED INDIVIDUALS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01489056
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01223264
IRS990/NetAssetsOrFundBalancesBOYAmt01076493
IRS990/NetAssetsOrFundBalancesEOYAmt01301832
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt049278
IRS990/OccupancyGrp/ProgramServicesAmt0443497
IRS990/OccupancyGrp/TotalAmt0492775
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021423
IRS990/OfficeExpensesGrp/TotalAmt021423
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01035838
IRS990/OtherAssetsTotalGrp/EOYAmt01099896
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024741
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024742
IRS990/OtherEmployeeBenefitsGrp/TotalAmt049483
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015099
IRS990/OtherExpensesGrp/ProgramServicesAmt0283355
IRS990/OtherExpensesGrp/TotalAmt0283355
IRS990/OtherExpensesGrp/TotalAmt115099
IRS990/OtherLiabilitiesGrp/BOYAmt0137901
IRS990/OtherLiabilitiesGrp/EOYAmt099343
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113807
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113916
IRS990/OtherSalariesAndWagesGrp/TotalAmt0227723
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08872
IRS990/PayrollTaxesGrp/ProgramServicesAmt08872
IRS990/PayrollTaxesGrp/TotalAmt017744
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030436
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027086
IRS990/PrincipalOfficerNm0MICHAEL ASTOLFI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3COMMERCIAL RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0782172
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1590567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215309
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0782172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1590567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35484
IRS990/ProgSrvcAccomActy2Grp/Desc0DAYSPRING II IS A ONE HUNDRED EIGHT UNIT APARTMENT COMPLEX LOCATED IN CORNING, NEW YORK, ESTABLISHED TO PROVIDE DECENT, SANITARY HOUSING FOR ELDERLY HANDICAPPED OR DISABLED RESIDENTS. IT IS A FEDERALLY SUBSIDIZED SECTION 515 PROJECT WITH A RURAL RENTAL ASSISTANCE PROGRAM UNDER THE SUPERVISION OF THE RURAL ECONOMIC AND COMMUNITY DEVELOPMENT, A DIVISION OF USDA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0591161
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0623902
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0262969
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0405
IRS990/PYOtherExpensesAmt01197495
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01395933
IRS990/PYRevenuesLessExpensesAmt0172273
IRS990/PYSalariesCompEmpBnftPaidAmt0289539
IRS990/PYTotalExpensesAmt01487034
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01659307
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0225339
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0769630
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0272372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0262969
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0282718
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0288816
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0297158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01404033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0405
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0413
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0633
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0820
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02680
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01393532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01395933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01380624
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01385869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01375501
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06931459
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0409
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0413
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0633
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0820
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02680
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt08335492
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01665904
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01658902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01663342
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01674685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01672659
IRS990ScheduleA/Total509Grp/TotalAmt08335492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01666313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01659307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01663755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01675318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01673479
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08338172
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01189920
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05711866
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06901786
IRS990ScheduleD/EquipmentGrp/BookValueAmt06
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0137159
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137165
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01440974
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt091885
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091885
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt071128
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11028768
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS AND RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt052905
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0581250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0634155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt171128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED CITY SERVICES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01666313
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF SEPTEMBER 30, 2015, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEAR BEFORE SEPTEMBER 30, 2012. THE TAX RETURNS FOR THE YEARS ENDED SEPTEMBER 30, 2012 THROUGH SEPTEMBER 30, 2015 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND THE TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE COMPANY BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01334716
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01099896
IRS990ScheduleD/TotalExpensesPerForm990Amt01440974
IRS990ScheduleD/TotalLiabilityAmt099343
IRS990ScheduleD/TotalRevenuePerForm990Amt01666313
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01666313
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01440974
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDC MANAGEMENT INC. IS THE MANAGING AGENT OF THE ORGANIZATION. PURSUANT TO MANAGEMENT AGREEMENTS, THE ORGANIZATION PAYS EDC MANAGEMENT INC. A MONTHLY MANAGEMENT FEE OF A CERTAIN PERCENTAGE OF GROSS COLLECTIONS. IN ADDITION, THE ORGANZIATION PAYS EDC MANAGEMENT INC. FOR GENERAL CONTRACTING SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT A REGULARLY SCHEDULED BOARD MEETING, THE FORM 990 IS REVIEWED, WITH RESOLUTION, AND AUTHORIZES THE BOARD PRESIDENT TO SIGN AND FILE THE FROM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FULL BOARD PROVIDES OVERSIGHT OF THE AUDIT AND SELECTION OF AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT HAVE EMPLOYEES OF ITS OWN AND DOES NOT FILE ANY W-2S. INDIVIDUALS WORKING WITH THE ORGANIZATION ARE PAID BY EDC MANAGEMENT INC., THE MANAGING AGENT OF THE ORGANIZATION. EDC MANAGEMENT CHARGES THE ORGANIZATION FOR THE APPLICABLE PAYROLL AND BENEFITS OF THOSE INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,689,195
Liabilities
$1,387,363
Net assets
$1,301,832
Revenue
$1,666,313
Expenses
$1,440,974
Net income
$225,339
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.23$0.54$2.69$2.10$1.81$0.29
2024Detailed filing. Detailed filing data is available for this year.$3.02$0.62$2.40$1.95$1.78$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.03$0.79$2.24$1.85$1.58$0.27
2022Detailed filing. Detailed filing data is available for this year.$2.82$0.85$1.97$1.77$1.60$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.91$1.80$1.63$1.57$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.71$0.97$1.74$1.61$1.55$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.73$1.04$1.69$1.56$1.53$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.84$1.18$1.66$1.54$1.54$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.87$1.21$1.66$1.57$1.51$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.93$1.32$1.61$1.60$1.30$0.30
2015Detailed filing. Detailed filing data is available for this year.$2.69$1.39$1.30$1.67$1.44$0.23