Civic Intelligence

Homes for the Exceptional V Inc

EIN 26-1155742 • 501(c)3 • Valley Cottage, NY

Profile

To acquire real property for the benefit of rockland county chapter, nysarc, inc., a related organization, who provides training and residential services to the developmentally disabled.

210 Route 303Valley Cottage, NY 10989

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.16x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

9.30x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

30th percentile

-2.3%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

34th percentile

-0.4%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$1,270,001

Down $40,654 (-3.1%) from 2023

Liabilities

Down

$1,466,853

Down $50,712 (-3.3%) from 2023

Net Assets

Up

-$196,852

Up $10,058 (+4.9%) from 2023

Revenue

Down

$157,701

Down $1,289 (-0.8%) from 2023

Expenses

Down

$188,284

Down $1,116 (-0.6%) from 2023

Net Income

Down

-$30,583

Down $173 (-0.6%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2017: $1,579,011Liabilities 2017: $1,966,231Net Assets 2017: -$387,2202017Assets 2018: $1,507,925Liabilities 2018: $1,724,649Net Assets 2018: -$216,7242018Assets 2019: $1,488,194Liabilities 2019: $1,695,748Net Assets 2019: -$207,5542019Assets 2020: $1,412,037Liabilities 2020: $1,611,016Net Assets 2020: -$198,9792020Assets 2021: $1,375,548Liabilities 2021: $1,585,338Net Assets 2021: -$209,7902021Assets 2022: $1,329,498Liabilities 2022: $1,543,687Net Assets 2022: -$214,1892022Assets 2023: $1,310,655Liabilities 2023: $1,517,565Net Assets 2023: -$206,9102023Assets 2024: $1,270,001Liabilities 2024: $1,466,853Net Assets 2024: -$196,8522024

Highlighted filing

2024

Assets$1,270,001
Liabilities$1,466,853
Net Assets-$196,852

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $123,111Expenses 2017: $182,158Net Income 2017: -$59,0472017Revenue 2018: $134,434Expenses 2018: $182,403Net Income 2018: -$47,9692018Revenue 2019: $157,555Expenses 2019: $181,173Net Income 2019: -$23,6182019Revenue 2020: $155,316Expenses 2020: $182,619Net Income 2020: -$27,3032020Revenue 2021: $151,916Expenses 2021: $200,074Net Income 2021: -$48,1582021Revenue 2022: $158,979Expenses 2022: $200,653Net Income 2022: -$41,6742022Revenue 2023: $158,990Expenses 2023: $189,400Net Income 2023: -$30,4102023Revenue 2024: $157,701Expenses 2024: $188,284Net Income 2024: -$30,5832024

Highlighted filing

2024

Revenue$157,701
Expenses$188,284
Net Income-$30,583

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.1
Gross Receipts
$157,701
Mission and Program Overview

Mission

To acquire real property for the benefit of rockland county chapter, nysarc, inc., a related organization, who provides training and residential services to the developmentally disabled.

To acquire real property for the benefit of rockland county chapter, nysarc, inc., a related org., who provides training and residential services to the developmentally disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,163,746$1,095,182▼ $68,564
Savings and Temporary Cash Investments$92,584$157,209▲ $64,625
Cash and Non-Interest-Bearing Accounts$51,393$14,677▼ $36,716
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$1,310,655$1,270,001▼ $40,654
Other Assets Total$2,932$2,933▲ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,411,200$1,411,200→ $0
Other Liabilities$106,365$55,653▼ $50,712
Total Liabilities$1,517,565$1,466,853▼ $50,712
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-206,910$-196,852▲ $10,058
Total Net Assets Fund Balance$-206,910$-196,852▲ $10,058
Total Liabilities and Net Assets / Fund Balance$1,310,655$1,270,001▼ $40,654

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$422,635$1,025,232$1,447,867
Land$672,547-$672,547
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynda MeltzerPresident
John M Smith1st Vice President
Rita Rameau2nd Vice President
Karen FeinsteinSecretary
Dian CifuniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$157,640
Investment Income
$61
Other Revenue
$0
Change in Net Assets
$-30,583

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,701
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$157,701
Total Revenue per Form 990
$157,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,284
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
Depreciation Depletion$74,614--$74,614
Occupancy$60,906$6,771-$67,677
Other Expenses$21,329--$21,329
Fees for Services Accounting$13,000--$13,000
Fees for Services Management-$11,664-$11,664
Total Functional Expenses$169,849$18,435$0$188,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$188,284
Total Expenses per Audited Statements$188,284
Total Expenses per Form 990$188,284
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$43,933
Loan Payable to Affiliate$8,787
Due to Affiliate$2,933
Security Deposits-
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
No

Governance Explanations

Form 990, Part VI, Line 15 SECTION B, LINES 15A AND 15B:

The organization does not compensate any officer or key employee.

Form 990, Part VI, Line 6 Classes of members or stockholders

The sole member of the organization is rockland county chapter, nysarc, inc.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. Draft of 990 was reviewed by the c.f.o., c.e.o. And controller and then to all members of the board of directors in draft in our board meeting via electronic mail, with the opportunity for them to comment or make inquiry before it was filed with the internal revenue service.

Form 990, Part VI, Line 12C Conflict of interest policy

Each member of the board of directors and key employees, prior to assuming their responsibilities for the corporation, and annually thereafter, shall sign and submit to the secretary of the corporation, a statement or statements which affirm such person has read and underst and the conflict of interest policy, agrees to comply with the policy, and understand that the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. A conflict of interest committee will review any potential conflict of interest referred by the human resource department.

Form 990, Part VI, Line 19 Required documents available to the public

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

Filing and Contact Details

Filer

Filer Name
Homes for the Exceptional V Inc
EIN
26-1155742
Phone
8452672500
Address
210 ROUTE 303, VALLEY COTTAGE, NY 10989

Signing Officer

Name
GANEENE O'BRIEN
Title
CFO
Phone
8452672500
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bdo USA
Address
200 PARK AVE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

FORGIVENESS OF DEBT - 40641; Total - 40641;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Under the provisions of asc 740, income taxes, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. The corporation does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The corporation has filed for and received income tax exemptions in the jurisdictions where it is required to do so. The corporation is subject to routine audits by a taxing authority. As of december 31, 2024, the corporation was not subject to any examination by the taxing authority.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
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IRS990ScheduleD/RevenueSubtotalAmt0157701
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER THE PROVISIONS OF ASC 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE CORPORATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE CORPORATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF DECEMBER 31, 2024, THE CORPORATION WAS NOT SUBJECT TO ANY EXAMINATION BY THE TAXING AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt0188284
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IRS990ScheduleD/TotalRevenuePerForm990Amt0157701
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF THE ORGANIZATION IS ROCKLAND COUNTY CHAPTER, NYSARC, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. DRAFT OF 990 WAS REVIEWED BY THE C.F.O., C.E.O. AND CONTROLLER AND THEN TO ALL MEMBERS OF THE BOARD OF DIRECTORS IN DRAFT IN OUR BOARD MEETING VIA ELECTRONIC MAIL, WITH THE OPPORTUNITY FOR THEM TO COMMENT OR MAKE INQUIRY BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER OF THE BOARD OF DIRECTORS AND KEY EMPLOYEES, PRIOR TO ASSUMING THEIR RESPONSIBILITIES FOR THE CORPORATION, AND ANNUALLY THEREAFTER, SHALL SIGN AND SUBMIT TO THE SECRETARY OF THE CORPORATION, A STATEMENT OR STATEMENTS WHICH AFFIRM SUCH PERSON HAS READ AND UNDERST AND THE CONFLICT OF INTEREST POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTAND THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. A CONFLICT OF INTEREST COMMITTEE WILL REVIEW ANY POTENTIAL CONFLICT OF INTEREST REFERRED BY THE HUMAN RESOURCE DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORGIVENESS OF DEBT - 40641; Total - 40641;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15 SECTION B, LINES 15A AND 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9 Other changes in net assets or fund balances
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt7NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt8NYSARC RCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROCKLAND COUNTY CHAPTER NYSARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HOMES FOR THE EXCEPTIONAL COMPANY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2HOMES FOR THE EXCEPTIONAL II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3HOMES FOR THE EXCEPTIONAL III INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4HOMES FOR THE EXCEPTIONAL IV INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5NEW VISTAS OF ROCKLAND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6ARC FOUNDATION OF ROCKLAND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7ARC HEALTH RESOURCES OF ROCKLAND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8A SWEET ENTERPRISE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131916359
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN8133952169
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(c)(3)

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