Civic Intelligence

Parkway Elderly Housing Development Fund Co Inc.

990 • Fiscal year 2018 • EIN 23-7314767

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 12, 2019

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

77th percentile

0.42x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.77x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

38th percentile

-0.4%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

53rd percentile

1.8%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2018

Revenue Growth

32nd percentile

-2.7%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2018

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$2,836,153

Down $33,087 (-1.2%) from 2017

Net Assets

Down

$1,657,176

Down $5,426 (-0.3%) from 2017

Liabilities

Down

$1,178,977

Down $27,661 (-2.3%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin38th percentile

Revenue

Down

$1,535,966

Down $29,656 (-1.9%) from 2017

Expenses

Up

$1,541,392

Up $31,960 (+2.1%) from 2017

Net Income

Down

-$5,426

Down $61,616 (-110%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

2018

Assets$2,836,153
Liabilities$1,178,977
Net Assets$1,657,176
Open 2018 Filing

Operations Trend

Revenue Growth32nd percentile

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

2018

Revenue$1,535,966
Expenses$1,541,392
Net Income-$5,426
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 12, 2019
Return Version
2017v2.3
Gross Receipts
$1,535,966
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$1,376,569$1,389,823▲ $13,254
Cash and Non-Interest-Bearing Accounts$77,275$199,610▲ $122,335
Prepaid Expenses and Deferred Charges$71,608$73,254▲ $1,646
Accounts Receivable$116,707$28,295▼ $88,412
Total Assets$2,869,240$2,836,153▼ $33,087
Other Assets Total$1,227,081$1,145,171▼ $81,910
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,001,158$920,852▼ $80,306
Accounts Payable and Accrued Expenses$91,683$143,469▲ $51,786
Other Liabilities$109,599$109,599→ $0
Deferred Revenue$4,198$5,057▲ $859
Total Liabilities$1,206,638$1,178,977▼ $27,661
Net Assets / Fund Balance
Unrestricted Net Assets$1,662,602$1,657,176▼ $5,426
Total Net Assets Fund Balance$1,662,602$1,657,176▼ $5,426
Total Liabilities and Net Assets / Fund Balance$2,869,240$2,836,153▼ $33,087

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,268,220$6,230,432$7,498,652
Other Land Buildings$29,718$607,056$636,774
Equipment$0$137,166$137,166
Land$91,885-$91,885
Other Assets Org$1,073,939--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Rene SnyderPresident
Michael AstolfiVice President
Audrey WhitcombDirector
Graham WightmanDirector
Jeffrey HeverlyDirector
Kenneth OvermanDirector
Patricia BaroodyDirector
Stephen CastnerDirector
Tom MillardDirector
Anne DarlingSecretary
Frederick MaloneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edc Management INCManagement Fee101 COLUMBIA STREET, Corning, NY 14830$118,588
Revenue and Support

Revenue Composition

Contributions and Grants
$124,471
Program Service Revenue
$1,407,089
Investment Income
$4,406
Other Revenue
$0
Change in Net Assets
$-5,426

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,535,966
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,535,966
Total Revenue per Form 990
$1,535,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,209,786
Salaries, Compensation, and Employee Benefits$331,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$493,962$54,885-$548,847
Other Salaries and Wages$156,468$84,619-$241,087
Depreciation Depletion$201,559--$201,559
Fees for Services Management-$118,588-$118,588
Other Employee Benefits$36,977$36,977-$73,954
Fees for Services Other$51,929--$51,929
Office Expenses-$21,351-$21,351
Payroll Taxes$8,283$8,282-$16,565
Fees for Services Accounting-$14,000-$14,000
Other Expenses$23$6,471-$6,494
Advertising-$3,513-$3,513
Fees for Services Legal-$275-$275
Total Functional Expenses$1,192,431$348,961$0$1,541,392

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,541,392
Total Expenses per Audited Statements$1,541,392
Total Expenses per Form 990$1,541,392
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$71,232
Accrued City Services$38,367
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 11B

“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. Salaries and related costs are included in part ix even though part v item 2a indicates zero employees. 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 and the organization has reported these amounts in part ix lines 7-10.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Rene Snyder
Title
President
Phone
6079375361
Signed
2019-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene Snyder
Formed
1973
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
333 EAST WATER ST STE 200, ELMIRA, NY 14901
Preparer
Katherine E Stickler CPA
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:

“Parkway elderly housing development fund co., inc. Is exempt from federal and state income taxes under internal revenue code section 501(c)(3) and applicable state regulations. 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, 2018, the corporation is no longer subject to u.s. Federal or state income tax examinations by tax authorities for years before september 30, 2015. The tax returns for the years ended september 30, 2015 through september 30, 2018 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.”

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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01227081
IRS990/OtherAssetsTotalGrp/EOYAmt01145171
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036977
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036977
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073954
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06471
IRS990/OtherExpensesGrp/ProgramServicesAmt0243230
IRS990/OtherExpensesGrp/ProgramServicesAmt123
IRS990/OtherExpensesGrp/TotalAmt0243230
IRS990/OtherExpensesGrp/TotalAmt16494
IRS990/OtherLiabilitiesGrp/BOYAmt0109599
IRS990/OtherLiabilitiesGrp/EOYAmt0109599
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt084619
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156468
IRS990/OtherSalariesAndWagesGrp/TotalAmt0241087
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08282
IRS990/PayrollTaxesGrp/ProgramServicesAmt08283
IRS990/PayrollTaxesGrp/TotalAmt016565
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071608
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt073254
IRS990/PrincipalOfficerNm0RENE SNYDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
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IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3COMMERCIAL RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0750273
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1636571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215043
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35202
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0750273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1636571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215043
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35202
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/ExpenseAmt0567016
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0640246
IRS990/ProgSrvcAccomActy3Grp/Desc0SERVICE COORDINATOR PROVIDING ASSISTANCE TO THE ELDERLY AND DISABLED RESIDENTS WITH SELECTING AND COMMUNICATING SUPPORTIVE AND MEDICAL SERVICES IN THE COMMUNITY SO THEY MAY CONTINUE LIVING INDEPENDENTLY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt052378
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0133358
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01828
IRS990/PYOtherExpensesAmt01204476
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01430436
IRS990/PYRevenuesLessExpensesAmt056190
IRS990/PYSalariesCompEmpBnftPaidAmt0304956
IRS990/PYTotalExpensesAmt01509432
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01565622
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5426
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0766843
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0124471
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0133358
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0175085
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0272372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0262969
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0968255
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04406
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01827
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0405
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07847
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01407089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01430437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01424523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01393532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01395933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07051514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04406
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01827
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0409
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07847
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt08019769
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01531560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01563795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01599608
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01665904
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01658902
IRS990ScheduleA/Total509Grp/TotalAmt08019769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01535966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01565622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01600408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01666313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01659307
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08027616
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01268220
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06230432
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07498652
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0137166
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137166
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01541392
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt091885
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091885
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt071232
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11073939
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS AND RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029718
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0607056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0636774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt171232
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED CITY SERVICES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01535966
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PARKWAY ELDERLY HOUSING DEVELOPMENT FUND CO., INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE REGULATIONS. 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, 2018, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE SEPTEMBER 30, 2015. THE TAX RETURNS FOR THE YEARS ENDED SEPTEMBER 30, 2015 THROUGH SEPTEMBER 30, 2018 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/TotalBookValueLandBuildingsAmt01389823
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01145171
IRS990ScheduleD/TotalExpensesPerForm990Amt01541392
IRS990ScheduleD/TotalLiabilityAmt0109599
IRS990ScheduleD/TotalRevenuePerForm990Amt01535966
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01535966
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01541392
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. SALARIES AND RELATED COSTS ARE INCLUDED IN PART IX EVEN THOUGH PART V ITEM 2A INDICATES ZERO EMPLOYEES. 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 AND THE ORGANIZATION HAS REPORTED THESE AMOUNTS IN PART IX LINES 7-10.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART V, LINE 2A AND PART VI, SECTION B, LINE 15:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02869240

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Filings

Displayed year

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

Open filing
Assets
$2,836,153
Liabilities
$1,178,977
Net assets
$1,657,176
Revenue
$1,535,966
Expenses
$1,541,392
Net income
-$5,426
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