Civic Intelligence

Sheraden Park Development Inc

990 • Fiscal year 2023 • EIN 25-1145815

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

61st percentile

0.11x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.20x

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

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

50th percentile

8.7%

Higher net margin than 50% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Asset Growth

46th percentile

2.7%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

6.0%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,408,378

Up $62,238 (+2.7%) from 2022

Net Assets

Up

$2,154,391

Up $111,239 (+5.4%) from 2022

Liabilities

Down

$253,987

Down $49,001 (-16%) from 2022

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin50th percentile

Revenue

Up

$1,285,044

Up $72,604 (+6.0%) from 2022

Expenses

Down

$1,173,805

Down $41,351 (-3.4%) from 2022

Net Income

Up

$111,239

Up $113,955 (+4196%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2023

Assets$2,408,378
Liabilities$253,987
Net Assets$2,154,391
Open 2023 Filing

Operations Trend

Revenue Growth49th 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

2023

Revenue$1,285,044
Expenses$1,173,805
Net Income$111,239
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,285,044
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$5,027,054▲ $259,983
Land, Buildings, and Equipment, Net$1,940,162$1,847,034▼ $93,128
Cash and Non-Interest-Bearing Accounts$144,431$254,463▲ $110,032
Cap Stk Tr Prin Current Funds$90,433$90,433→ $0
Savings and Temporary Cash Investments$37,482$84,534▲ $47,052
Accounts Receivable$6,683$8,769▲ $2,086
Rtn Earn Endowment Incm Other Fnds$-2,814,352$-2,963,096▼ $148,744
Total Assets$2,346,140$2,408,378▲ $62,238
Other Assets Total$217,382$213,578▼ $3,804
Liabilities
Other Liabilities$223,422$222,686▼ $736
Mortgage Notes Payable Secured by Investment Property$36,376--
Deferred Revenue$26,262$15,743▼ $10,519
Accounts Payable and Accrued Expenses$16,928$15,558▼ $1,370
Total Liabilities$302,988$253,987▼ $49,001
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,043,152$2,154,391▲ $111,239
Total Liabilities and Net Assets / Fund Balance$2,346,140$2,408,378▲ $62,238

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,502,928$2,422,959$3,925,887
Buildings$80,589$2,765,032$2,845,621
Leasehold Improvements$246,636$16,455$263,091
Equipment$16,881$1,931$18,812
Other Assets Org$213,578--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Ralph HamiltonPresident
Cindy WitnerSecretary Fr
Pat WoodsSecretary Un
Wendy MooreTreasurer Fr
Jack KudravTreasurer Un
Leslie BeckVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,258,221
Investment Income
$931
Other Revenue
$25,892
Change in Net Assets
$111,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,285,044
Total Revenue per Audited Statements
$1,285,044
Total Revenue per Form 990
$1,285,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$974,416
Salaries, Compensation, and Employee Benefits$199,389
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$512,636--$512,636
Other Salaries and Wages$164,188$1,245-$165,433
Information Technology$119,221$6,019-$125,240
Depreciation Depletion$119,050--$119,050
Fees for Services Management-$107,611-$107,611
Insurance$83,822$921-$84,743
Other Employee Benefits$22,580--$22,580
Payroll Taxes$11,376--$11,376
Office Expenses-$10,407-$10,407
Fees for Services Accounting-$7,950-$7,950
Fees for Services Legal-$3,713-$3,713
Advertising-$1,820-$1,820
Conferences and Meetings-$1,134-$1,134
Interest$112--$112
Total Functional Expenses$1,032,985$140,820$0$1,173,805

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,173,805
Total Expenses per Audited Statements$1,173,805
Total Expenses per Form 990$1,173,805
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$216,666
Deposits for Co-op Sales$6,020
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
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
2024-11-15
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
3

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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“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 2023 or 2022.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02422959
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03925887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0216666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LAND LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS FOR CO-OP SALES
IRS990ScheduleD/RevenueSubtotalAmt01285044
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 2023 OR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01847034
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0213578
IRS990ScheduleD/TotalExpensesPerForm990Amt01173805
IRS990ScheduleD/TotalLiabilityAmt0222686
IRS990ScheduleD/TotalRevenuePerForm990Amt01285044
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01285044
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01173805
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02346140
IRS990/TotalAssetsEOYAmt02408378
IRS990/TotalAssetsGrp/BOYAmt02346140
IRS990/TotalAssetsGrp/EOYAmt02408378
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01032985
IRS990/TotalFunctionalExpensesGrp/TotalAmt01173805
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0302988
IRS990/TotalLiabilitiesEOYAmt0253987
IRS990/TotalLiabilitiesGrp/BOYAmt0302988
IRS990/TotalLiabilitiesGrp/EOYAmt0253987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02043152
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02154391
IRS990/TotalProgramServiceExpensesAmt01032985
IRS990/TotalProgramServiceRevenueAmt01258221
IRS990/TotalRevenueGrp/ExclusionAmt026823
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01258221
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01285044
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02346140
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02408378
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RALPH HAMILTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04124214663
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
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/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY O COLLIER CPA
ReturnHeader/ReturnTs02024-11-15T19:24:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,408,378
Liabilities
$253,987
Net assets
$2,154,391
Revenue
$1,285,044
Expenses
$1,173,805
Net income
$111,239
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