Civic Intelligence

Parkway Elderly Housing Development Fund Co Inc.

990 • Fiscal year 2020 • EIN 23-7314767

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 20, 2021

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

43rd percentile

0.36x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.61x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Net Margin

65th percentile

3.3%

Higher net margin than 65% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Asset Growth

56th percentile

-0.8%

Faster asset growth than 56% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

2.6%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$2,712,085

Down $20,698 (-0.8%) from 2019

Net Assets

Up

$1,740,608

Up $52,189 (+3.1%) from 2019

Liabilities

Down

$971,477

Down $72,887 (-7.0%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin65th percentile

Revenue

Up

$1,605,070

Up $40,897 (+2.6%) from 2019

Expenses

Up

$1,552,881

Up $19,951 (+1.3%) from 2019

Net Income

Up

$52,189

Up $20,946 (+67%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2020

Assets$2,712,085
Liabilities$971,477
Net Assets$1,740,608
Open 2020 Filing

Operations Trend

Revenue Growth53rd 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

2020

Revenue$1,605,070
Expenses$1,552,881
Net Income$52,189
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 20, 2021
Return Version
2019v5.1
Gross Receipts
$1,605,070
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$1,357,348$1,157,507▼ $199,841
Cash and Non-Interest-Bearing Accounts$178,624$330,895▲ $152,271
Prepaid Expenses and Deferred Charges$74,097$76,009▲ $1,912
Accounts Receivable$7,013$21,507▲ $14,494
Total Assets$2,732,783$2,712,085▼ $20,698
Other Assets Total$1,115,701$1,126,167▲ $10,466
Liabilities
Mortgage Notes Payable Secured by Investment Property$839,604$757,539▼ $82,065
Other Liabilities$110,890$152,096▲ $41,206
Accounts Payable and Accrued Expenses$89,944$56,229▼ $33,715
Deferred Revenue$3,926$5,613▲ $1,687
Total Liabilities$1,044,364$971,477▼ $72,887
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,688,419$1,740,608▲ $52,189
Total Net Assets Fund Balance$1,688,419$1,740,608▲ $52,189
Total Liabilities and Net Assets / Fund Balance$2,732,783$2,712,085▼ $20,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,034,567$6,662,273$7,696,840
Other Land Buildings$20,177$616,597$636,774
Equipment$10,878$124,925$135,803
Land$91,885-$91,885
Other Assets Org$1,049,522--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Frederick MaloneyPresident
Christopher DessoVice President
Audrey WhitcombDirector
Barry NicholsonDirector
Christina LoseyDirector
Graham WightmanDirector
Joann CaylyleDirector
Stephen CastnersDirector
Tracey YorioDirector
Rene Snyder Through 62020Director Through 6/2020
Michael AstolfiDirecotr Through 11/2019
Blake ManuelSecretary
Robert AvvampatoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edc Management INCManagement Fee101 COLUMBIA STREET, Corning, NY 14830$131,274
Revenue and Support

Revenue Composition

Contributions and Grants
$111,230
Program Service Revenue
$1,487,317
Investment Income
$6,523
Other Revenue
$0
Change in Net Assets
$52,189

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,605,070
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,605,070
Total Revenue per Form 990
$1,605,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,241,605
Salaries, Compensation, and Employee Benefits$311,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$541,346--$541,346
Other Salaries and Wages$238,442--$238,442
Depreciation Depletion$227,342--$227,342
Fees for Services Management$118,147$13,127-$131,274
Fees for Services Other$51,604$20,864-$72,468
Other Employee Benefits$47,060--$47,060
Office Expenses-$26,399-$26,399
Payroll Taxes$25,774--$25,774
Fees for Services Accounting-$14,600-$14,600
Other Expenses$222,300$2,808-$2,808
Advertising-$2,768-$2,768
Fees for Services Legal-$300-$300
Total Functional Expenses$1,472,015$80,866$0$1,552,881

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,552,881
Total Expenses per Audited Statements$1,552,881
Total Expenses per Form 990$1,552,881
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$76,645
Accrued City Services$75,451
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
Frederick Maloney
Title
President
Phone
6079375361
Signed
2021-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Maloney
Formed
1973
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
13

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, 2020, the corporation is no longer subject to u.s. Federal or state income tax examinations by tax authorities for years before september 30, 2017. The tax returns for the years ended september 30, 2017 through september 30, 2020 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND QUALIFIED HANDICAPPED INDIVIDUALS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OccupancyGrp/TotalAmt0541346
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026399
IRS990/OfficeExpensesGrp/TotalAmt026399
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047060
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047060
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
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IRS990/OtherExpensesGrp/TotalAmt12808
IRS990/OtherLiabilitiesGrp/BOYAmt0110890
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0238442
IRS990/OtherSalariesAndWagesGrp/TotalAmt0238442
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt025774
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074097
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076009
IRS990/PrincipalOfficerNm0FREDERICK MALONEY
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
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1642854
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219675
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0819536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1642854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35252
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/ExpenseAmt0708548
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0645900
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/ExpenseAmt051604
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0118247
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08446
IRS990/PYOtherExpensesAmt01283231
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01437480
IRS990/PYRevenuesLessExpensesAmt031243
IRS990/PYSalariesCompEmpBnftPaidAmt0249699
IRS990/PYTotalExpensesAmt01532930
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01564173
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt052189
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0841417
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111230
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0118247
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0124471
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0133358
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0175085
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0662391
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06523
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08446
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04406
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01827
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0800
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt022002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01487317
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01437480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01407089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01430437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01424523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07186846
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06523
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04406
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01827
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt022002
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99720
IRS990ScheduleA/PublicSupportPY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt07849237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01598547
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01555727
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01531560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01563795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01599608
IRS990ScheduleA/Total509Grp/TotalAmt07849237
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01605070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01564173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01535966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01565622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01600408
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07871239
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/BookValueAmt01034567
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06662273
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07696840
IRS990ScheduleD/EquipmentGrp/BookValueAmt010878
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124925
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135803
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01552881
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt091885
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091885
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11049522
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS AND RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020177
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0616597
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0636774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt176645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED CITY SERVICES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01605070
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, 2020, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE SEPTEMBER 30, 2017. THE TAX RETURNS FOR THE YEARS ENDED SEPTEMBER 30, 2017 THROUGH SEPTEMBER 30, 2020 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/TotalBookValueLandBuildingsAmt01157507
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01126167
IRS990ScheduleD/TotalExpensesPerForm990Amt01552881
IRS990ScheduleD/TotalLiabilityAmt0152096
IRS990ScheduleD/TotalRevenuePerForm990Amt01605070
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01605070
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01552881

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,712,085
Liabilities
$971,477
Net assets
$1,740,608
Revenue
$1,605,070
Expenses
$1,552,881
Net income
$52,189
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