Civic Intelligence

Sag Harbor Community Housing Trust

EIN 26-2845161 • 501(c)3 • Sag Harbor, NY

Profile

The trust is organized exclusively for the charitable purpose of creating a cummunity housing trust to therefore acquire land, own, construct, rehabilitate, lease, manage, maintain, develop, and operate affordable workforce housing, to provide hownowners or prospective purchasers of homes or prospective tenants and/or landlords with financial assistance and guidance regarding the purchase, financing, maintenance, construction or rent their homes; to promote the development, construction or rental, rehabilitation, management, maintenance, and operation of affordable, quality workforce housing that meet the needs of the sag harbor community.

PO Box 143Sag Harbor, NY 11963

n/A

Siviq Scores

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

Liabilities / Assets

41st percentile

0.24x

Higher debt load relative to assets than 41% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

5.90x

Higher debt load relative to revenue than 76% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

12th percentile

-50%

Higher net margin than 12% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

38th percentile

-2.8%

Faster asset growth than 38% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

9.4%

Faster revenue growth than 70% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$2,898,506

Down $84,548 (-2.8%) from 2023

Liabilities

Down

$684,227

Down $26,187 (-3.7%) from 2023

Net Assets

Down

$2,214,279

Down $58,361 (-2.6%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin12th percentile

Revenue

Up

$115,962

Up $9,930 (+9.4%) from 2023

Expenses

Down

$174,321

Down $36,111 (-17%) from 2023

Net Income

Up

-$58,359

Up $46,041 (+44%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $225Net Assets 2010: $2252010Assets 2011: $165Net Assets 2011: $1652011Assets 2014: $1,425,033Liabilities 2014: $1,424,000Net Assets 2014: $1,0332014Assets 2015: $2,514,051Liabilities 2015: $801,634Net Assets 2015: $1,712,4172015Assets 2016: $2,685,308Liabilities 2016: $797,683Net Assets 2016: $1,887,6252016Assets 2017: $2,835,886Liabilities 2017: $811,085Net Assets 2017: $2,024,8012017Assets 2018: $2,792,190Liabilities 2018: $778,453Net Assets 2018: $2,013,7372018Assets 2019: $2,868,331Liabilities 2019: $766,012Net Assets 2019: $2,102,3192019Assets 2020: $3,007,635Liabilities 2020: $744,884Net Assets 2020: $2,262,7512020Assets 2021: $3,086,735Liabilities 2021: $730,740Net Assets 2021: $2,355,9952021Assets 2022: $3,094,029Liabilities 2022: $716,989Net Assets 2022: $2,377,0402022Assets 2023: $2,983,054Liabilities 2023: $710,414Net Assets 2023: $2,272,6402023Assets 2024: $2,898,506Liabilities 2024: $684,227Net Assets 2024: $2,214,2792024

Highlighted filing

2024

Assets$2,898,506
Liabilities$684,227
Net Assets$2,214,279
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $602011Revenue 2014: $2,438Expenses 2014: $2,405Net Income 2014: $332014Revenue 2015: $1,850,549Expenses 2015: $139,165Net Income 2015: $1,711,3842015Revenue 2016: $293,164Expenses 2016: $117,956Net Income 2016: $175,2082016Revenue 2017: $241,308Expenses 2017: $104,132Net Income 2017: $137,1762017Revenue 2018: $103,760Expenses 2018: $114,824Net Income 2018: -$11,0642018Revenue 2019: $207,609Expenses 2019: $118,027Net Income 2019: $89,5822019Revenue 2020: $291,841Expenses 2020: $131,409Net Income 2020: $160,4322020Revenue 2021: $219,995Expenses 2021: $126,751Net Income 2021: $93,2442021Revenue 2022: $162,086Expenses 2022: $141,041Net Income 2022: $21,0452022Revenue 2023: $106,032Expenses 2023: $210,432Net Income 2023: -$104,4002023Revenue 2024: $115,962Expenses 2024: $174,321Net Income 2024: -$58,3592024

Highlighted filing

2024

Revenue$115,962
Expenses$174,321
Net Income-$58,359
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,898,506
Liabilities
$684,227
Net assets
$2,214,279
Revenue
$115,962
Expenses
$174,321
Net income
-$58,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.68$2.21$0.12$0.17$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.98$0.71$2.27$0.11$0.21$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.09$0.72$2.38$0.16$0.14$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.09$0.73$2.36$0.22$0.13$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.01$0.74$2.26$0.29$0.13$0.16
2019Detailed filing. Detailed filing data is available for this year.$2.87$0.77$2.10$0.21$0.12$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.79$0.78$2.01$0.10$0.11$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.84$0.81$2.02$0.24$0.10$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.80$1.89$0.29$0.12$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.51$0.80$1.71$1.85$0.14$1.71
2014Detailed filing. Detailed filing data is available for this year.$1.43$1.42$0.00$0.00$0.00$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.0
Gross Receipts
$115,962
Mission and Program Overview

Mission

The trust is organized exclusively for the charitable purpose of creating a community housing trust to therefore acquire land, own, construct, rehabilitate, lease, manage, maintain, develop and operate affordable workforce housing, to provide homeowners or prospective purchasers of homes or prospective tenants and or landlords with financial assistance and guidance regarding the purchase, financing, mantenance, construction or rent their homes; to promote the development, construction or rental, rehabilitation, management, maintenance and operation of affordable, quality workforce housing that meet the needs of the sag harbor community.

The trust is organized exclusively for the charitable purpose of creating a cummunity housing trust to therefore acquire land, own, construct, rehabilitate, lease, manage, maintain, develop, and operate affordable workforce housing, to provide hownowners or prospective purchasers of homes or prospective tenants and/or landlords with financial assistance and guidance regarding the purchase, financing, maintenance, construction or rent their homes; to promote the development, construction or rental, rehabilitation, management, maintenance, and operation of affordable, quality workforce housing that meet the needs of the sag harbor community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,295,826$1,393,041▲ $97,215
Savings and Temporary Cash Investments$1,038,408$1,022,085▼ $16,323
Intangible Assets$358,141$358,141→ $0
Cash and Non-Interest-Bearing Accounts$280,118$106,911▼ $173,207
Accounts Receivable$2,840$9,801▲ $6,961
Prepaid Expenses and Deferred Charges$7,719$8,527▲ $808
Total Assets$2,983,052$2,898,506▼ $84,546
Liabilities
Mortgage Notes Payable Secured by Investment Property$686,034$671,410▼ $14,624
Other Liabilities$15,059$12,100▼ $2,959
Accounts Payable and Accrued Expenses$9,321$717▼ $8,604
Total Liabilities$710,414$684,227▼ $26,187
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,318,526$1,128,996▼ $189,530
Net Assets Without Donor Restrictions$954,112$1,085,283▲ $131,171
Total Net Assets Fund Balance$2,272,638$2,214,279▼ $58,359
Total Liabilities and Net Assets / Fund Balance$2,983,052$2,898,506▼ $84,546

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,250,000-$1,250,000
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Gregory N Ferraris CPAPresident/tr
Ed RealeVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$114,804
Investment Income
$1,158
Other Revenue
$0
Change in Net Assets
$-58,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,982
Salaries, Compensation, and Employee Benefits$42,339
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$40,122--$40,122
Other Salaries and Wages$39,150--$39,150
Insurance$32,725--$32,725
Fees for Services Management$12,000--$12,000
Occupancy$9,834--$9,834
Depreciation Depletion$8,769--$8,769
Fees for Services Other$2,044$1,681-$3,725
Payroll Taxes$3,189--$3,189
Fees for Services Accounting$2,725--$2,725
Other Expenses$2,180--$2,180
Fees for Services Legal$2,142--$2,142
All Other Expenses$1,195$510-$1,705
Office Expenses-$72-$72
Total Functional Expenses$172,058$2,263$0$174,321
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$9,350
Accrued Expenses$2,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The president and other officers review and approve the tax return prior to signing by comparing the amounts on the tax return to those recorded in its books.”

Form 990, Page 6, Part VI, Line 12C

“Sag harbor community housing trust, inc. Monitors and enforces compliance with its conflict of interest policy annually. The board of directors annually sign and submit to the secretary of the organization a statement which affirms that he or she has received a copy of the policy, has read and understands the policy, and has agreed to comply with the policy.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sag Harbor Community Housing Trust
EIN
26-2845161
Phone
6317250145
Address
PO BOX 143, SAG HARBOR, NY 11963

Signing Officer

Name
Gregory N Ferraris CPA
Title
President/treasurer
Phone
6317250145
Signed
2025-11-05

Organization Details

Principal Officer
Gregory N Ferraris CPA
Formed
2008
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
1

Preparer

Firm
KANDELL FARNWORTH & PUBINS CPA'S PC
Address
727 UNION AVE, RIVERHEAD, NY 11901-1912
Preparer
Eric Teague CPA
Phone
6317225300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The trust is organized exclusively for the charitable purpose of creating a cummunity housing trust to therefore acquire land, own, construct, rehabilitate, lease, manage, maintain, develop, and operate affordable workforce housing, to provide hownowners or prospective purchasers of homes or prospective tenants and/or landlords with financial assistance and guidance regarding the purchase, financing, maintenance, construction or rent their homes; to promote the development, construction or rental, rehabilitation, management, maintenance, and operation of affordable, quality workforce housing that meet the needs of the sag harbor community.”

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.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF CREATING A CUMMUNITY HOUSING TRUST TO THEREFORE ACQUIRE LAND, OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING, TO PROVIDE HOWNOWNERS OR PROSPECTIVE PURCHASERS OF HOMES OR PROSPECTIVE TENANTS AND/OR LANDLORDS WITH FINANCIAL ASSISTANCE AND GUIDANCE REGARDING THE PURCHASE, FINANCING, MAINTENANCE, CONSTRUCTION OR RENT THEIR HOMES; TO PROMOTE THE DEVELOPMENT, CONSTRUCTION OR RENTAL, REHABILITATION, MANAGEMENT, MAINTENANCE, AND OPERATION OF AFFORDABLE, QUALITY WORKFORCE HOUSING THAT MEET THE NEEDS OF THE SAG HARBOR COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND OTHER OFFICERS REVIEW AND APPROVE THE TAX RETURN PRIOR TO SIGNING BY COMPARING THE AMOUNTS ON THE TAX RETURN TO THOSE RECORDED IN ITS BOOKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SAG HARBOR COMMUNITY HOUSING TRUST, INC. MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD OF DIRECTORS ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE ORGANIZATION A STATEMENT WHICH AFFIRMS THAT HE OR SHE HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY N FERRARIS CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06317250145
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAG HARBOR COMMUNITY HOUSING TRUST
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ReturnHeader/Filer/BusinessNameControlTxt0SAGH
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ReturnHeader/Filer/PhoneNum06317250145
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ReturnHeader/Filer/USAddress/CityNm0SAG HARBOR
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112701159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KANDELL FARNWORTH & PUBINS CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0727 UNION AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIVERHEAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0119011912
ReturnHeader/PreparerPersonGrp/PhoneNum06317225300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC TEAGUE CPA
ReturnHeader/ReturnTs02025-11-11T09:44:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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