Civic Intelligence

The Disability Fund Inc

EIN 26-0283588 • 501(c)3 • Rockville Centre, NY

Profile

The mission of DOF is to provide technical and financial services to individuals and organizations serving the disability market throughout the United States, with a focus on affordable housing, schools and vocational training centers.

265 Sunrise Highway Suite 45Rockville Centre, NY 11570

www.thedof.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.73x

Higher debt load relative to assets than 87% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

5.54x

Higher debt load relative to revenue than 96% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Source year 2025

Net Margin

72nd percentile

10%

Higher net margin than 72% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

74th percentile

$512,557

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

NTEE P • $50M-$100M nonprofits • Source year 2025

Asset Growth

8th percentile

-6.5%

Faster asset growth than 8% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

32nd percentile

4.8%

Faster revenue growth than 32% of similar nonprofits.

NTEE P • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$60,536,621

Up $5,312,832 (+9.6%) from 2020

Liabilities

Up

$45,904,754

Up $3,135,748 (+7.3%) from 2020

Net Assets

Up

$14,631,867

Up $2,177,084 (+17%) from 2020

Revenue

Up

$5,987,035

Up $441,396 (+8.0%) from 2020

Expenses

Down

$3,691,576

Down $761,347 (-17%) from 2020

Net Income

Up

$2,295,459

Up $1,202,743 (+110%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $2,992,295Liabilities 2011: $2,309,905Net Assets 2011: $682,3902011Assets 2013: $8,140,436Liabilities 2013: $6,585,435Net Assets 2013: $1,555,0012013Assets 2015: $11,941,968Liabilities 2015: $8,337,960Net Assets 2015: $3,604,0082015Assets 2016: $18,084,636Liabilities 2016: $12,424,570Net Assets 2016: $5,660,0662016Assets 2017: $32,060,638Liabilities 2017: $24,346,715Net Assets 2017: $7,713,9232017Assets 2018: $34,776,882Liabilities 2018: $25,937,288Net Assets 2018: $8,839,5942018Assets 2019: $43,220,011Liabilities 2019: $31,838,119Net Assets 2019: $11,381,8922019Assets 2020: $55,223,789Liabilities 2020: $42,769,006Net Assets 2020: $12,454,7832020Assets 2021: $60,536,621Liabilities 2021: $45,904,754Net Assets 2021: $14,631,8672021

Highlighted filing

2021

Assets$60,536,621
Liabilities$45,904,754
Net Assets$14,631,867

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $526,2932011Revenue 2013: $973,254Expenses 2013: $659,879Net Income 2013: $313,3752013Revenue 2015: $1,283,655Expenses 2015: $688,580Net Income 2015: $595,0752015Revenue 2016: $3,066,521Expenses 2016: $1,010,463Net Income 2016: $2,056,0582016Revenue 2017: $3,546,355Expenses 2017: $1,492,498Net Income 2017: $2,053,8572017Revenue 2018: $2,711,922Expenses 2018: $1,586,251Net Income 2018: $1,125,6712018Revenue 2019: $5,317,396Expenses 2019: $2,705,098Net Income 2019: $2,612,2982019Revenue 2020: $5,545,639Expenses 2020: $4,452,923Net Income 2020: $1,092,7162020Revenue 2021: $5,987,035Expenses 2021: $3,691,576Net Income 2021: $2,295,4592021

Highlighted filing

2021

Revenue$5,987,035
Expenses$3,691,576
Net Income$2,295,459

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 21, 2020
Return Version
2019v5.1
Gross Receipts
$5,317,396
Mission and Program Overview

Mission

As a nationally certified cdfi, dof's mission is to provide financial products, technical assistance, equity investment andfinancial advisory services that improve the quality of life and build personal wealth for people with disabilities and theirfamilies, and support organizations serving this market.

To foster positive community development for people with disabilities and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$22,221,413$23,803,225▲ $1,581,812
Savings and Temporary Cash Investments$9,497,875$9,873,627▲ $375,752
Cash and Non-Interest-Bearing Accounts$2,712,568$5,380,961▲ $2,668,393
Land, Buildings, and Equipment, Net$0$2,555,604▲ $2,555,604
Investments Other Securities$182,704$1,444,780▲ $1,262,076
Accounts Receivable$160,734$149,781▼ $10,953
Prepaid Expenses and Deferred Charges$1,588$9,939▲ $8,351
Total Assets$34,776,882$43,220,011▲ $8,443,129
Other Assets Total$0$2,094▲ $2,094
Liabilities
Unsecured Notes Loans Payable$25,850,459$31,709,765▲ $5,859,306
Accounts Payable and Accrued Expenses$61,829$120,979▲ $59,150
Other Liabilities$25,000$7,375▼ $17,625
Total Liabilities$25,937,288$31,838,119▲ $5,900,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,735,656$11,277,954▲ $2,542,298
Net Assets With Donor Restrictions$103,938$103,938→ $0
Total Net Assets Fund Balance$8,839,594$11,381,892▲ $2,542,298
Total Liabilities and Net Assets / Fund Balance$34,776,882$43,220,011▲ $8,443,129

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,114,607$13,699$2,128,306
Land$263,087-$263,087
Leasehold Improvements$140,410-$140,410
Other Land Buildings$37,500-$37,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles D HammermanPresident & CEOFT$250,000$75,000$325,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
F&d Management Services LLCManagement265 SUNRISE HIGHWAY SUITE 45, Rockville Centre, NY 11570$480,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,467,102
Program Service Revenue
$1,674,795
Investment Income
$174,521
Other Revenue
$978
All Other Contributions
$2,192,102
Change in Net Assets
$2,612,298

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Commercial1$1,000,000
Total Noncash Contributions1$1,000,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,317,396
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-70,000
Total Revenue per Audited Statements
$5,247,396
Total Revenue per Form 990
$5,317,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,682,074
Grants and Similar Amounts Paid$685,112
Salaries, Compensation, and Employee Benefits$337,912
Total Fundraising Expense$69,580
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$745,301--$745,301
Grants to Domestic Orgs$685,112--$685,112
Fees for Services Management$251,750$207,500$20,750$480,000
Current Officers, Directors, Trustees, and Key Employees$260,000$32,500$32,500$325,000
Fees for Services Other$96,115$1,006-$97,121
Travel$63,448$3,143$2,069$68,660
Fees for Services Accounting-$54,418-$54,418
Fees for Services Legal$4,915$25,575-$30,490
Conferences and Meetings$25,733-$1,116$26,849
Office Expenses$13,219$6,078$3,854$23,151
Insurance$17,647$2,944-$20,591
Depreciation Depletion$13,699--$13,699
Payroll Taxes$10,330$1,291$1,291$12,912
Occupancy$11,131--$11,131
Other Expenses$3,168$3,193$8,000$3,168
Information Technology$1,105--$1,105
Total Functional Expenses$2,297,870$337,648$69,580$2,705,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,705,098
Total Expenses per Audited Statements$2,705,098
Total Expenses per Form 990$2,705,098
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of WssWhite Sulphur Springs, WV501c(3)Civic Engagement$100,000
Adelphi University - BridgesGarden City, NY501c(3)Employment$50,000
RespectabilityRockville, MD501c(3)Employment$50,000
The Kelsey San FranciscoSan Francisco, CA501c(3)Housing$50,000
Wv School of Osteopathic Medicinegreenbrier County Health AllianceLewisberg, WV501c(3)Employment$35,000
Hartley HouseNew York, NY501c(3)Housing$25,000
Ihope AcademyNew York, NY501c(3)Education$25,000
Intergrate Autism EmploymentNew York, NY501c(3)Employment$25,000
KAREN'S HOPESeaford, NY501c(3)Housing$25,000
Madison House Autism FdnGaithersburg, MD501c(3)Housing$25,000
Old White CharitiesWhite Sulphur Springs, WV501c(3)Civic Engagement$25,000
City of White Sulpher SpringsWhite Sulphur Springs, WV501c(3)Civic Engagement$20,000
Long Island Sled HockeyLybrook, NY501c(3)Socialization$16,000
AllegroCharlotte, NC501c(3)Education$15,000
Girl Be HeardBrooklyn, NY501c(3)Socialization$15,000
National Disability Finance CoalitionChicago, IL501c(3)Education$15,000
NoraEllenville, NYFor ProfitSocialization$15,000
Persons Centered Care ServicesStaten Island, NY501c(3)Housing$15,000
Special Education Legal FundOld Greenwich, CT501c(3)Education$15,000
Wisconsin Developmental Disabilities NetworkMadison, WI501c(3)Housing$15,000
Birthright Isreal FoundationNew York, NY501c(3)Socialization$10,000
Cp SoccerIrvington, NY501c(3)Socialization$10,000
DsafHauppauge, NY501c(3)Advocacy$10,000
Guide Dog FdnSmithtown, NY501c(3)Socialization$10,000
Heroes to HeroesFort Lee, NJ501c(3)Socialization$10,000
Little FlowerWading River, NY501c(3)Education$10,000
Nyu Initiative for Women With DisabilitiesNew York, NY501c(3)Socialization$10,000
SnackNew York, NY501c(3)Socialization$10,000
Wv Osteopathic Medical AssociationLewisberg, WV501c(3)Advocacy$10,000
Main Street Foundation White Sulpher SpringsWhite Sulphur Springs, WV501c(3)Civic Engagement$5,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Spouse of President & CEOConsultancy ServicesNo$240,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$7,375
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
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Charles hammerman and nanci freiman have a family relationship.

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

The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it's submitted electronically to members of the organization's governing body for any comments prior to its submission. The governing body is provided with one week to review the prepared form 990 and provide their comments. Any comments are then grouped, summarized and provided to the members of management in charge of filing the return for their review. Each issue is documented and addressed until the return is finalized and approved for filing.

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

The organization currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the ceo who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict of interest exists, the ceo will notify member of management or the governing body about such conflict and investigate the conflict. The results of the investigation will be summarized and documented by the ceo and be reported to the governing body. If the ceo establishes that an actual conflict exists, the member of management or the governing body will be notified immediately and will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time there is no longer a conflict.

Form 990, Part VI, Section B, Line 15

The organization has established a written compensation policy for their board to follow in establishing the compensation for the ceo, other officers or key employees. The policy mandates that executive compensation be periodically reviewed by the board and that the board should be free of conflicts of interest. In addition, the board reviews appropriate and adequate data to determine the reasonableness of compensation being considered. The board uses a variety of information and studies that are available to determine that the appropriate level of compensation is being paid to its executives. The board's decision regarding the amount of compensation paid must be adequately documented in the contemporaneously written format, documented with the date of the decision, the members present during the decision and those who voted on it, the full terms of the transaction that were approved and the comparable data used and relied upon to make the determination.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
The Disability Fund Inc
EIN
26-0283588
Phone
5163993020
Address
265 SUNRISE HIGHWAY SUITE 45, ROCKVILLE CENTRE, NY 11570
Doing Business As
Disability Opportunity Fund

Signing Officer

Name
Charles D Hammerman
Title
President & CEO
Phone
5163993020
Signed
2020-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles D Hammerman
Formed
2007
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
1
Volunteers
12

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
125 BAYLIS ROAD SUITE 300, MELVILLE, NY 11747
Preparer
Ellen M Labita CPA
Phone
6317527400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the organization's tax positions and concluded that the organization has not taken any uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of asc 740.

Raw XML AppendixShowing 400 of 888 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
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO FOSTER POSITIVE COMMUNITY DEVELOPMENT FOR PEOPLE WITH DISABILITIES AND THEIR FAMILIES.
IRS990/AllOtherContributionsAmt02192102
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IRS990/Desc0COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PROVIDING TECHNICAL AND FINANCIAL SERVICES TO INDIVIDUALS AND ORGANIZATIONS SERVING THE DISABILITY MARKET THROUGHOUT THE UNITED STATES, WITH A FOCUS ON AFFORDABLE HOUSING, SCHOOLS AND VOCATIONAL TRAINING CENTERS.
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