Civic Intelligence

Parkway Elderly Housing Development Fund Co Inc.

990 • Fiscal year 2024 • EIN 23-7314767

Oct 01, 2023 to Sep 30, 2024 • Filed on Jan 30, 2025

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

39th percentile

0.20x

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.32x

Higher debt load relative to revenue than 34% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

8.4%

Higher net margin than 70% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

56th percentile

-0.2%

Faster asset growth than 56% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

5.4%

Faster revenue growth than 55% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$3,021,164

Down $6,948 (-0.2%) from 2023

Net Assets

Up

$2,403,400

Up $164,614 (+7.4%) from 2023

Liabilities

Down

$617,764

Down $171,562 (-22%) from 2023

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin70th percentile

Revenue

Up

$1,949,381

Up $99,770 (+5.4%) from 2023

Expenses

Up

$1,784,767

Up $205,204 (+13%) from 2023

Net Income

Down

$164,614

Down $105,434 (-39%) from 2023

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

2024

Assets$3,021,164
Liabilities$617,764
Net Assets$2,403,400
Open 2024 Filing

Operations Trend

Revenue Growth55th 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

2024

Revenue$1,949,381
Expenses$1,784,767
Net Income$164,614
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 30, 2025
Return Version
2023v6.0
Gross Receipts
$1,949,381
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$1,113,349$1,025,185▼ $88,164
Cash and Non-Interest-Bearing Accounts$542,831$447,663▼ $95,168
Prepaid Expenses and Deferred Charges$82,772$82,420▼ $352
Accounts Receivable$19,676$49,854▲ $30,178
Total Assets$3,028,112$3,021,164▼ $6,948
Other Assets Total$1,269,484$1,416,042▲ $146,558
Liabilities
Mortgage Notes Payable Secured by Investment Property$506,408$421,024▼ $85,384
Other Liabilities$180,360$104,950▼ $75,410
Accounts Payable and Accrued Expenses$83,932$86,364▲ $2,432
Deferred Revenue$18,626$5,426▼ $13,200
Total Liabilities$789,326$617,764▼ $171,562
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,238,786$2,403,400▲ $164,614
Total Net Assets Fund Balance$2,238,786$2,403,400▲ $164,614
Total Liabilities and Net Assets / Fund Balance$3,028,112$3,021,164▼ $6,948

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$924,178$7,230,161$8,154,339
Other Land Buildings$6,038$630,736$636,774
Equipment$3,084$132,719$135,803
Land$91,885-$91,885
Other Assets Org$1,334,351--
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Frederick MaloneyPresident
Christopher DessoVice President
Barry NicholsonDirector
Britten HoyleDirector
Christina LoseyDirector
Joann CaylyleDirector
Stephen CastnersDirector
Blake ManuelSecretary
Robert AvvampatoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edc Management INCManagement Fee101 COLUMBIA STREET, Corning, NY 14830$159,902
Revenue and Support

Revenue Composition

Contributions and Grants
$96,700
Program Service Revenue
$1,829,427
Investment Income
$23,254
Other Revenue
$0
Change in Net Assets
$164,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,949,381
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,949,381
Total Revenue per Form 990
$1,949,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,444,416
Salaries, Compensation, and Employee Benefits$340,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$589,927--$589,927
Other Salaries and Wages$279,019--$279,019
Fees for Services Management$143,912$15,990-$159,902
Depreciation Depletion$131,580--$131,580
Fees for Services Other$59,716$11,200-$70,916
Other Employee Benefits$39,749--$39,749
Office Expenses-$31,919-$31,919
Payroll Taxes$21,583--$21,583
Fees for Services Accounting-$16,000-$16,000
Other Expenses$429,369$10,826-$10,826
Fees for Services Legal-$2,754-$2,754
Advertising-$1,223-$1,223
Total Functional Expenses$1,694,855$89,912$0$1,784,767

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,784,767
Total Expenses per Audited Statements$1,784,767
Total Expenses per Form 990$1,784,767
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$81,691
Accrued City Services$23,259
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
EIN
23-7314767
Phone
6079375361
Address
101 COLUMBIA STREET, CORNING, NY 14830

Signing Officer

Name
Frederick Maloney
Title
President
Phone
6079375361
Signed
2025-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Maloney
Formed
1973
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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 and is subject to potential examination by tax authorities. The company's current and prior three years tax returns remain subject to review by taxing authorities. 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/OtherLiabilitiesGrp/BOYAmt0180360
IRS990/OtherLiabilitiesGrp/EOYAmt0104950
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0279019
IRS990/OtherSalariesAndWagesGrp/TotalAmt0279019
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt021583
IRS990/PayrollTaxesGrp/TotalAmt021583
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082772
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt082420
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
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0917000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1888981
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217996
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0917000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1888981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217996
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35450
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/ExpenseAmt0725620
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0814606
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/ExpenseAmt059716
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0101517
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05346
IRS990/PYOtherExpensesAmt01269698
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01742748
IRS990/PYRevenuesLessExpensesAmt0270048
IRS990/PYSalariesCompEmpBnftPaidAmt0309865
IRS990/PYTotalExpensesAmt01579563
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01849611
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0164614
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01014821
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt096700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0101517
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0100417
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0110094
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0111230
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0519958
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt023254
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02979
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06523
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt041475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01829427
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01742748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01668847
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01515141
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01487317
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08243480
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt023254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02979
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06523
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt041475
IRS990ScheduleA/InvestmentIncomeCYPct00.00470
IRS990ScheduleA/InvestmentIncomePYPct00.00320
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99530
IRS990ScheduleA/PublicSupportPY509Pct00.99680
IRS990ScheduleA/PublicSupportTotal509Amt08763438
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01926127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01844265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01769264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01625235
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01598547
IRS990ScheduleA/Total509Grp/TotalAmt08763438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01949381
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01849611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01772243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01628608
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01605070
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08804913
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/BookValueAmt0924178
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07230161
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08154339
IRS990ScheduleD/EquipmentGrp/BookValueAmt03084
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132719
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135803
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01784767
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt091885
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091885
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt081691
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11334351
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS AND RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06038
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0630736
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0636774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023259
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181691
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED CITY SERVICES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01949381
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 AND IS SUBJECT TO POTENTIAL EXAMINATION BY TAX AUTHORITIES. THE COMPANY'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. 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/TotalBookValueLandBuildingsAmt01025185
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01416042
IRS990ScheduleD/TotalExpensesPerForm990Amt01784767
IRS990ScheduleD/TotalLiabilityAmt0104950
IRS990ScheduleD/TotalRevenuePerForm990Amt01949381
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01949381
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01784767
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03028112
IRS990/TotalAssetsEOYAmt03021164
IRS990/TotalAssetsGrp/BOYAmt03028112
IRS990/TotalAssetsGrp/EOYAmt03021164
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt096700

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,021,164
Liabilities
$617,764
Net assets
$2,403,400
Revenue
$1,949,381
Expenses
$1,784,767
Net income
$164,614
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