Civic Intelligence

Palmyra Housing Development Corporation

990 • Fiscal year 2023 • EIN 25-1704924

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 23, 2024

Organization ProfileN/A
PO Box 2005Cleona, PA 17042

(717) 274-1401

Siviq Scores

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

Liabilities / Assets

47th percentile

0.01x

Higher debt load relative to assets than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.31x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

48th percentile

3.1%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

15%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$807,521

Up $24,154 (+3.1%) from 2022

Net Assets

Up

$798,521

Up $402,318 (+102%) from 2022

Liabilities

Down

$9,000

Down $378,164 (-98%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin94th percentile

Revenue

Up

$29,350

Up $3,825 (+15%) from 2022

Expenses

Up

$9,845

Up $307 (+3.2%) from 2022

Net Income

Up

$19,505

Up $3,518 (+22%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$1.0M$500K$0Assets 2016: $372,580Liabilities 2016: $3,940Net Assets 2016: $368,6402016Assets 2017: $307,620Liabilities 2017: $4,020Net Assets 2017: $303,6002017Assets 2018: $320,810Liabilities 2018: $4,100Net Assets 2018: $316,7102018Assets 2019: $341,494Liabilities 2019: $4,100Net Assets 2019: $337,3942019Assets 2020: $711,866Liabilities 2020: $379,495Net Assets 2020: $332,3712020Assets 2021: $763,545Liabilities 2021: $383,329Net Assets 2021: $380,2162021Assets 2022: $783,367Liabilities 2022: $387,164Net Assets 2022: $396,2032022Assets 2023: $807,521Liabilities 2023: $9,000Net Assets 2023: $798,5212023Assets 2024: $834,737Liabilities 2024: $15,297Net Assets 2024: $819,4402024

Highlighted filing

2023

Assets$807,521
Liabilities$9,000
Net Assets$798,521
Open 2023 Filing

Operations Trend

Revenue Growth59th percentile

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

$200K$100K$0-$100K-$200KRevenue 2016: $295Expenses 2016: $102,313Net Income 2016: -$102,0182016Revenue 2017: $801Expenses 2017: $65,841Net Income 2017: -$65,0402017Revenue 2018: $18,648Expenses 2018: $5,538Net Income 2018: $13,1102018Revenue 2019: $25,538Expenses 2019: $4,854Net Income 2019: $20,6842019Revenue 2020: $256Expenses 2020: $5,279Net Income 2020: -$5,0232020Revenue 2021: $58,632Expenses 2021: $10,787Net Income 2021: $47,8452021Revenue 2022: $25,525Expenses 2022: $9,538Net Income 2022: $15,9872022Revenue 2023: $29,350Expenses 2023: $9,845Net Income 2023: $19,5052023Revenue 2024: $31,575Expenses 2024: $10,656Net Income 2024: $20,9192024

Highlighted filing

2023

Revenue$29,350
Expenses$9,845
Net Income$19,505
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 23, 2024
Return Version
2023v5.1
Gross Receipts
$29,350
Mission and Program Overview

Mission

Develop and operate low income housing projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$560,189$585,190▲ $25,001
Prepaid Expenses and Deferred Charges$837$0▼ $837
Accounts Receivable$248$244▼ $4
Total Assets$783,367$807,521▲ $24,154
Other Assets Total$222,093$222,087▼ $6
Liabilities
Other Liabilities$382,813$0▼ $382,813
Accounts Payable and Accrued Expenses$4,351$9,000▲ $4,649
Total Liabilities$387,164$9,000▼ $378,164
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$396,203$798,521▲ $402,318
Total Net Assets Fund Balance$396,203$798,521▲ $402,318
Total Liabilities and Net Assets / Fund Balance$783,367$807,521▲ $24,154

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$200,000--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Heidi NeiswenderPresident
Fran CampbellVice President
Karen RaughExec Director - Lcha
Leroy LeachSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$29,350
Other Revenue
$0
Change in Net Assets
$19,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,845
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$9,000-$9,000
Office Expenses-$839-$839
Other Expenses$6--$6
Total Functional Expenses$6$9,839$0$9,845
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Brick property services, llc is the management agent of the palmyra housing development corporation.”

Form 990, Part VI, Section A, Line 8B

“There are no committees that have authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The irs form 990 is reviewed and approved by the management agent. A copy of the filed form 990 is provided to the board at the next board meeting.”

Form 990, Part VI, Section B, Line 12C

“Board members annually complete a conflict of interest and gift disclosure policy. The disclosure statements are monitored through the weekly approval of bills by the project manager and review of the paid bills by the board.”

Form 990, Part VI, Section C, Line 19

“The palmyra housing development corporation's governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Palmyra Housing Development
EIN
25-1704924
Phone
7172741401
Address
PO BOX 2005, CLEONA, PA 17042

Signing Officer

Name
Karen Raugh
Title
Executive Director - Lcha
Phone
7172741401
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Raugh
Formed
1993
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
1144 HOOPER AVENUE SUITE 203, TOMS RIVER, NJ 08753
Preparer
Rich Larsen
Phone
7325034257
Raw XML Appendix369 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRICK PROPERTY SERVICES, LLC IS THE MANAGEMENT AGENT OF THE PALMYRA HOUSING DEVELOPMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE IRS FORM 990 IS REVIEWED AND APPROVED BY THE MANAGEMENT AGENT. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ANNUALLY COMPLETE A CONFLICT OF INTEREST AND GIFT DISCLOSURE POLICY. THE DISCLOSURE STATEMENTS ARE MONITORED THROUGH THE WEEKLY APPROVAL OF BILLS BY THE PROJECT MANAGER AND REVIEW OF THE PAID BILLS BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PALMYRA HOUSING DEVELOPMENT CORPORATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd017042
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0783367
IRS990/TotalAssetsEOYAmt0807521
IRS990/TotalAssetsGrp/BOYAmt0783367
IRS990/TotalAssetsGrp/EOYAmt0807521
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09839
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt09845
IRS990/TotalGrossUBIAmt029350
IRS990/TotalLiabilitiesBOYAmt0387164
IRS990/TotalLiabilitiesEOYAmt09000
IRS990/TotalLiabilitiesGrp/BOYAmt0387164
IRS990/TotalLiabilitiesGrp/EOYAmt09000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0396203
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0798521
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029350
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt029350
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0783367
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0807521
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2005
IRS990/USAddress/CityNm0CLEONA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017042
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN RAUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR - LCHA
ReturnHeader/BusinessOfficerGrp/PhoneNum07172741401
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMYRA HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION OF LEBANON COUNTY INC
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0251704924
ReturnHeader/Filer/PhoneNum07172741401
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2005
ReturnHeader/Filer/USAddress/CityNm0CLEONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01144 HOOPER AVENUE SUITE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TOMS RIVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008753
ReturnHeader/PreparerPersonGrp/PhoneNum07325034257
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICH LARSEN
ReturnHeader/ReturnTs02024-10-23T15:34:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$807,521
Liabilities
$9,000
Net assets
$798,521
Revenue
$29,350
Expenses
$9,845
Net income
$19,505
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.35$0.15$8.19$0.32$0.11$0.21
2023Detailed filing. Detailed filing data is available for this year.$8.08$0.09$7.99$0.29$0.10$0.20
2022Detailed filing. Detailed filing data is available for this year.$7.83$3.87$3.96$0.26$0.10$0.16
2021Detailed filing. Detailed filing data is available for this year.$7.64$3.83$3.80$0.59$0.11$0.48
2020Detailed filing. Detailed filing data is available for this year.$7.12$3.79$3.32$0.00$0.05$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.41$0.04$3.37$0.26$0.05$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.21$0.04$3.17$0.19$0.06$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.08$0.04$3.04$0.01$0.66$0.65
2016Detailed filing. Detailed filing data is available for this year.$3.73$0.04$3.69$0.00$1.02$1.02