Civic Intelligence

Sheraden Park Development Inc

990 • Fiscal year 2022 • EIN 25-1145815

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization Profile
3702 Allendale CirclePittsburgh, PA 15204

(412) 421-4663

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.13x

Higher debt load relative to assets than 63% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.25x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

33rd percentile

-0.2%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-1.2%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$2,346,140

Up $121,208 (+5.4%) from 2021

Net Assets

Down

$2,043,152

Down $14,182 (-0.7%) from 2021

Liabilities

Up

$302,988

Up $135,390 (+81%) from 2021

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin33rd percentile

Revenue

Down

$1,212,440

Down $14,142 (-1.2%) from 2021

Expenses

Up

$1,215,156

Up $13,528 (+1.1%) from 2021

Net Income

Down

-$2,716

Down $27,670 (-111%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2020: $2,193,065Liabilities 2020: $148,134Net Assets 2020: $2,044,9312020Assets 2021: $2,224,932Liabilities 2021: $167,598Net Assets 2021: $2,057,3342021Assets 2022: $2,346,140Liabilities 2022: $302,988Net Assets 2022: $2,043,1522022Assets 2023: $2,408,378Liabilities 2023: $253,987Net Assets 2023: $2,154,3912023Assets 2024: $2,631,259Liabilities 2024: $240,672Net Assets 2024: $2,390,5872024

Highlighted filing

2022

Assets$2,346,140
Liabilities$302,988
Net Assets$2,043,152
Open 2022 Filing

Operations Trend

Revenue Growth37th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,190,159Expenses 2020: $1,149,878Net Income 2020: $40,2812020Revenue 2021: $1,226,582Expenses 2021: $1,201,628Net Income 2021: $24,9542021Revenue 2022: $1,212,440Expenses 2022: $1,215,156Net Income 2022: -$2,7162022Revenue 2023: $1,285,044Expenses 2023: $1,173,805Net Income 2023: $111,2392023Revenue 2024: $1,308,922Expenses 2024: $1,072,780Net Income 2024: $236,1422024

Highlighted filing

2022

Revenue$1,212,440
Expenses$1,215,156
Net Income-$2,716
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,212,440
Mission and Program Overview

Mission

Sheraden park development, inc. Is a pennsylvania nonprofit corporation providing 188 affordable co-operative housing units along with community facilities to members on a non-profit basis. The property is situated on allendale circle in the city of pittsburgh. Roads are maintained by the city of pittsburgh and playgrounds are open to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$4,767,071$4,767,071→ $0
Land, Buildings, and Equipment, Net$1,888,878$1,940,162▲ $51,284
Cash and Non-Interest-Bearing Accounts$142,763$144,431▲ $1,668
Cap Stk Tr Prin Current Funds$90,433$90,433→ $0
Savings and Temporary Cash Investments$183,654$37,482▼ $146,172
Accounts Receivable$9,637$6,683▼ $2,954
Rtn Earn Endowment Incm Other Fnds$-2,811,636$-2,814,352▼ $2,716
Total Assets$2,224,932$2,346,140▲ $121,208
Other Assets Total-$217,382-
Liabilities
Other Liabilities-$223,422-
Mortgage Notes Payable Secured by Investment Property$33,363$36,376▲ $3,013
Deferred Revenue$68,296$26,262▼ $42,034
Accounts Payable and Accrued Expenses$77,405$16,928▼ $60,477
Total Liabilities$179,064$302,988▲ $123,924
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,045,868$2,043,152▼ $2,716
Total Liabilities and Net Assets / Fund Balance$2,224,932$2,346,140▲ $121,208

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,599,066$2,313,816$3,912,882
Buildings$82,919$2,762,702$2,845,621
Leasehold Improvements$248,059$9,932$257,991
Equipment$10,118$882$11,000
Other Assets Org$217,382--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Ralph HamiltonPresident
Pat WoodsBoard Member
Linda ConleySecretary
Jack KudravTreasurer
Leslie BeckVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,212,440
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$997,378
Salaries, Compensation, and Employee Benefits$217,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$626,834$12,489-$639,323
Other Salaries and Wages$177,992$1,165-$179,157
Depreciation Depletion$119,557--$119,557
Fees for Services Management-$105,581-$105,581
Insurance$84,905--$84,905
Other Employee Benefits$16,829$5,663-$22,492
Payroll Taxes$16,129--$16,129
Information Technology$2,249$12,692-$14,941
Office Expenses-$10,195-$10,195
Fees for Services Other-$8,942-$8,942
Fees for Services Legal-$5,703-$5,703
Fees for Services Accounting-$5,300-$5,300
Interest$2,222--$2,222
Conferences and Meetings-$709-$709
Total Functional Expenses$1,046,717$168,439$0$1,215,156
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Land Lease Liability$217,382
Deposits for Co-op Sales$5,520
Settlement Charges - Agent$800
Security Deposits (contra)$-280
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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, Page 6, Part VI, Line 3

“Aishel real estate serves as management agent for the co-op.”

Form 990, Page 6, Part VI, Line 6

“Members are are persons who have paid for their membership in the co-op and received membership certificates. Certificates are by unit address.”

Form 990, Page 6, Part VI, Line 7A

“The co-op is managed by a five person board of directors elected by the members.”

Form 990, Page 6, Part VI, Line 11B

“The 990 is presented to the board for review.”

Form 990, Page 6, Part VI, Line 15B

“Salaries for all employees are established as part of the budgeting process.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available at the co-op office upon request.”

Filing and Contact Details

Filer

Filer Name
Sheraden Park Development Inc
EIN
25-1145815
Address
3702 ALLENDALE CIRCLE, PITTSBURGH, PA 15204

Signing Officer

Name
Ralph Hamilton
Title
President
Phone
4124214663
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ralph Hamilton
Formed
1965
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Tyler Collier Associates LLC
Address
100 ROSS ST STE 110, PITTSBURGH, PA 15219
Preparer
Terry O Collier CPA
Phone
4124717060
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Sheraden park development, inc. Is a pennsylvania nonprofit corporation providing 188 affordable co-operative housing units along with community facilities to members on a non-profit basis. The property is situated on allendale circle in the city of pittsburgh. Roads are maintained by the city of pittsburgh and playgrounds are open to the community.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 128,079”

Financial Statement Notes

Schedule D, Page 3, Part X

“The internal revenue service has determined that the cooperative, is exempt from federal income tax under code section 501(c)(4) and required to file an irs form 990. As a non- profit housing cooperative, the organization is deemed to be operated exclusively for the promotion of social welfare. As such, contributions to the organization are not tax deductible. The code also expressly prohibits inurement of the net assets to the benefit of any certificate holder or individual. The corporation accounts for uncertainty in income taxes using a recognition threshold of more likely than not to be sustained upon examination by the appropriate taxing authorities. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that met the recognition threshold in 2022 or 2021. Until 2020, when the cooperative was granted tax exempt status, the cooperative filed 1120 returns. The cooperative's federal and state filing are subject to review for three years after the date filed.”

Raw XML Appendix339 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt077405
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016928
IRS990/AccountsReceivableGrp/BOYAmt09637
IRS990/AccountsReceivableGrp/EOYAmt06683
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SHERADEN PARK DEVELOPMENT, INC. IS A PENNSYLVANIA NONPROFIT CORPORATION PROVIDING 188 AFFORDABLE CO-OPERATIVE HOUSING UNITS ALONG WITH COMMUNITY FACILITIES TO MEMBERS ON A NON-PROFIT BASIS. THE PROPERTY IS SITUATED ON ALLENDALE CIRCLE IN THE CITY OF PITTSBURGH. ROADS ARE MAINTAINED BY THE CITY OF PITTSBURGH AND PLAYGROUNDS ARE OPEN TO THE COMMUNITY.
IRS990/BooksInCareOfDetail/PersonNm0SHERADEN PARK DEVELOPMENT
IRS990/BooksInCareOfDetail/PhoneNum04124214663
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03702 ALLENDALE CIRCLE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015204
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt090433
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt090433
IRS990/CashNonInterestBearingGrp/BOYAmt0142763
IRS990/CashNonInterestBearingGrp/EOYAmt0144431
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0709
IRS990/ConferencesMeetingsGrp/TotalAmt0709
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0997378
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01212440
IRS990/CYRevenuesLessExpensesAmt0-2716
IRS990/CYSalariesCompEmpBnftPaidAmt0217778
IRS990/CYTotalExpensesAmt01215156
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01212440
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt068296
IRS990/DeferredRevenueGrp/EOYAmt026262
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0119557
IRS990/DepreciationDepletionGrp/TotalAmt0119557
IRS990/Desc0THE CO-OPERATIVE IS FUNDED BY MONTHLY CARRYING CHARGES DUE ON THE FIRST OF THE MONTH BY MEMBERS OF THE COOPERATIVE CORPORATION AS DEFINED IN THE OCCUPANCY AGREEMENT. SUCH CHARGES ARE BASED ON THE SIZE OF THE UNIT CURRENTLY RANGING FROM 522 TO 541 MONTHLY. THESE CHARGES ARE BASED ON AN ANNUAL BUDGET ESTABLISHED BY THE BOARD OF THE CO-OPERATIVE.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01046717
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05300
IRS990/FeesForServicesAccountingGrp/TotalAmt05300
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05703
IRS990/FeesForServicesLegalGrp/TotalAmt05703
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0105581
IRS990/FeesForServicesManagementGrp/TotalAmt0105581
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08942
IRS990/FeesForServicesOtherGrp/TotalAmt08942
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0RALPH HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm1LESLIE BECK
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDA CONLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3PAT WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm4JACK KUDRAV
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01212440
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012692
IRS990/InformationTechnologyGrp/ProgramServicesAmt02249
IRS990/InformationTechnologyGrp/TotalAmt014941
IRS990/InsuranceGrp/ProgramServicesAmt084905
IRS990/InsuranceGrp/TotalAmt084905
IRS990/InterestGrp/ProgramServicesAmt02222
IRS990/InterestGrp/TotalAmt02222
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05087332
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01888878
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01940162
IRS990/LandBldgEquipCostOrOtherBssAmt07027494
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SHERADEN PARK DEVELOPMENT, INC. IS A PENNSYLVANIA NONPROFIT CORPORATION PROVIDING 188 AFFORDABLE CO-OPERATIVE HOUSING UNITS ALONG WITH COMMUNITY FACILITIES TO MEMBERS ON A NON-PROFIT BASIS. THE PROPERTY IS SITUATED ON ALLENDALE CIRCLE IN THE CITY OF PITTSBURGH. ROADS ARE MAINTAINED BY THE CITY OF PITTSBURGH AND PLAYGROUNDS ARE OPEN TO THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt033363
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt036376
IRS990/NetAssetsOrFundBalancesBOYAmt02045868
IRS990/NetAssetsOrFundBalancesEOYAmt02043152
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt012489
IRS990/OccupancyGrp/ProgramServicesAmt0626834
IRS990/OccupancyGrp/TotalAmt0639323
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010195
IRS990/OfficeExpensesGrp/TotalAmt010195
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0217382
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05663
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016829
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022492
IRS990/OtherLiabilitiesGrp/EOYAmt0223422
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01165
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0177992
IRS990/OtherSalariesAndWagesGrp/TotalAmt0179157
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016129
IRS990/PayrollTaxesGrp/TotalAmt016129
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04767071
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04767071
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RALPH HAMILTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FROM CSA IMPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01212440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01212440
IRS990/ProgSrvcAccomActy2Grp/Desc0IF A MEMBER DESIRES TO LEAVE THE PROJECT, HE IS TO NOTIFY THE CO-OP IN WRITING AND THE CO-OP HAS A THIRTY DAY OPTION TO PURCHASE THE MEMBERSHIP. IN SUCH CASE, THE CO-OP WILL MAKE NECESSARY REPAIRS AND RESELL THE MEMBERSHIP.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0287
IRS990/PYOtherExpensesAmt0995591
IRS990/PYOtherRevenueAmt011251
IRS990/PYProgramServiceRevenueAmt01215044
IRS990/PYRevenuesLessExpensesAmt024954
IRS990/PYSalariesCompEmpBnftPaidAmt0206037
IRS990/PYTotalExpensesAmt01201628
IRS990/PYTotalRevenueAmt01226582
IRS990/ReconcilationRevenueExpnssAmt0-2716
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-2811636
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2814352
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0183654
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037482
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt082919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02762702
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02845621
IRS990ScheduleD/EquipmentGrp/BookValueAmt010118
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0882
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011000
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0248059
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09932
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0257991
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0217382
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND RIGHT OF USE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01599066
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02313816
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03912882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0217382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LAND LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS FOR CO-OP SALES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SETTLEMENT CHARGES - AGENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS (CONTRA)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COOPERATIVE, IS EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501(C)(4) AND REQUIRED TO FILE AN IRS FORM 990. AS A NON- PROFIT HOUSING COOPERATIVE, THE ORGANIZATION IS DEEMED TO BE OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE. AS SUCH, CONTRIBUTIONS TO THE ORGANIZATION ARE NOT TAX DEDUCTIBLE. THE CODE ALSO EXPRESSLY PROHIBITS INUREMENT OF THE NET ASSETS TO THE BENEFIT OF ANY CERTIFICATE HOLDER OR INDIVIDUAL. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2022 OR 2021. UNTIL 2020, WHEN THE COOPERATIVE WAS GRANTED TAX EXEMPT STATUS, THE COOPERATIVE FILED 1120 RETURNS. THE COOPERATIVE'S FEDERAL AND STATE FILING ARE SUBJECT TO REVIEW FOR THREE YEARS AFTER THE DATE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01940162
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0217382
IRS990ScheduleD/TotalLiabilityAmt0223422
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHERADEN PARK DEVELOPMENT, INC. IS A PENNSYLVANIA NONPROFIT CORPORATION PROVIDING 188 AFFORDABLE CO-OPERATIVE HOUSING UNITS ALONG WITH COMMUNITY FACILITIES TO MEMBERS ON A NON-PROFIT BASIS. THE PROPERTY IS SITUATED ON ALLENDALE CIRCLE IN THE CITY OF PITTSBURGH. ROADS ARE MAINTAINED BY THE CITY OF PITTSBURGH AND PLAYGROUNDS ARE OPEN TO THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AISHEL REAL ESTATE SERVES AS MANAGEMENT AGENT FOR THE CO-OP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ARE ARE PERSONS WHO HAVE PAID FOR THEIR MEMBERSHIP IN THE CO-OP AND RECEIVED MEMBERSHIP CERTIFICATES. CERTIFICATES ARE BY UNIT ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CO-OP IS MANAGED BY A FIVE PERSON BOARD OF DIRECTORS ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS PRESENTED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARIES FOR ALL EMPLOYEES ARE ESTABLISHED AS PART OF THE BUDGETING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE AT THE CO-OP OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 128,079
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02224932
IRS990/TotalAssetsEOYAmt02346140
IRS990/TotalAssetsGrp/BOYAmt02224932
IRS990/TotalAssetsGrp/EOYAmt02346140
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168439
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01046717
IRS990/TotalFunctionalExpensesGrp/TotalAmt01215156
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0179064
IRS990/TotalLiabilitiesEOYAmt0302988
IRS990/TotalLiabilitiesGrp/BOYAmt0179064
IRS990/TotalLiabilitiesGrp/EOYAmt0302988
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02045868
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02043152
IRS990/TotalProgramServiceExpensesAmt01046717
IRS990/TotalProgramServiceRevenueAmt01212440
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01212440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01212440
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02224932
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02346140
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03702 ALLENDALE CIRCLE
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015204
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RALPH HAMILTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04124214663
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERADEN PARK DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0251145815
ReturnHeader/Filer/USAddress/AddressLine1Txt03702 ALLENDALE CIRCLE
ReturnHeader/Filer/USAddress/CityNm0PITTSBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015204
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0412045009
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TYLER COLLIER ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 ROSS ST STE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015219
ReturnHeader/PreparerPersonGrp/PhoneNum04124717060
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY O COLLIER CPA
ReturnHeader/ReturnTs02023-11-14T20:32:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RALPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAMILTON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,346,140
Liabilities
$302,988
Net assets
$2,043,152
Revenue
$1,212,440
Expenses
$1,215,156
Net income
-$2,716
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.24$2.39$1.31$1.07$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.25$2.15$1.29$1.17$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.30$2.04$1.21$1.22$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.22$0.17$2.06$1.23$1.20$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.15$2.04$1.19$1.15$0.04