Civic Intelligence

Upstate Properties Development Inc.

990 • Fiscal year 2014 • EIN 26-2980594

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

Organization ProfileN/A
750 East Adams Street13210

(315) 464-4501

Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

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

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

11.79x

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

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Net Margin

15th percentile

-5.7%

Higher net margin than 15% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Asset Growth

17th percentile

-2.2%

Faster asset growth than 17% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$34,378,529

Down $771,073 (-2.2%) from 2013

Net Assets

Down

$18,970

Down $147,957 (-89%) from 2013

Liabilities

Down

$34,359,559

Down $623,116 (-1.8%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin15th percentile

Revenue

$2,915,382

No earlier filing loaded for comparison.

Expenses

Up

$3,080,491

Up $424,323 (+16%) from 2013

Net Income

-$165,109

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$40M$30M$20M$10M$0Assets 2010: $565,724Liabilities 2010: $0Net Assets 2010: $565,7242010Assets 2011: $37,570,001Liabilities 2011: $37,110,716Net Assets 2011: $459,2852011Assets 2013: $35,149,602Liabilities 2013: $34,982,675Net Assets 2013: $166,9272013Assets 2014: $34,378,529Liabilities 2014: $34,359,559Net Assets 2014: $18,9702014Assets 2015: $34,189,696Liabilities 2015: $32,565,072Net Assets 2015: $1,624,6242015Assets 2016: $33,822,032Liabilities 2016: $32,049,872Net Assets 2016: $1,772,1602016Assets 2017: $32,646,008Liabilities 2017: $30,798,297Net Assets 2017: $1,847,7112017Assets 2018: $34,555,442Liabilities 2018: $30,155,926Net Assets 2018: $4,399,5162018Assets 2019: $33,225,259Liabilities 2019: $29,551,476Net Assets 2019: $3,673,7832019Assets 2020: $32,805,121Liabilities 2020: $28,930,655Net Assets 2020: $3,874,4662020Assets 2021: $34,560,306Liabilities 2021: $30,263,179Net Assets 2021: $4,297,1272021Assets 2022: $35,877,673Liabilities 2022: $31,041,775Net Assets 2022: $4,835,8982022Assets 2023: $35,413,375Liabilities 2023: $27,729,641Net Assets 2023: $7,683,7342023Assets 2024: $35,173,989Liabilities 2024: $26,512,685Net Assets 2024: $8,661,3042024Assets 2025: $37,902,323Liabilities 2025: $28,003,676Net Assets 2025: $9,898,6472025

Highlighted filing

2014

Assets$34,378,529
Liabilities$34,359,559
Net Assets$18,970
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $568,4202010Expenses 2011: $214,3842011Expenses 2013: $2,656,1682013Revenue 2014: $2,915,382Expenses 2014: $3,080,491Net Income 2014: -$165,1092014Revenue 2015: $4,584,231Expenses 2015: $2,978,577Net Income 2015: $1,605,6542015Revenue 2016: $3,481,957Expenses 2016: $3,334,421Net Income 2016: $147,5362016Revenue 2017: $3,591,943Expenses 2017: $3,516,392Net Income 2017: $75,5512017Revenue 2018: $6,020,622Expenses 2018: $3,468,817Net Income 2018: $2,551,8052018Revenue 2019: $2,785,225Expenses 2019: $3,510,958Net Income 2019: -$725,7332019Revenue 2020: $3,476,011Expenses 2020: $3,275,328Net Income 2020: $200,6832020Revenue 2021: $4,404,857Expenses 2021: $3,982,196Net Income 2021: $422,6612021Revenue 2022: $3,447,529Expenses 2022: $2,908,758Net Income 2022: $538,7712022Revenue 2023: $5,789,189Expenses 2023: $2,941,353Net Income 2023: $2,847,8362023Revenue 2024: $3,938,798Expenses 2024: $2,961,228Net Income 2024: $977,5702024Revenue 2025: $4,420,647Expenses 2025: $3,183,304Net Income 2025: $1,237,3432025

Highlighted filing

2014

Revenue$2,915,382
Expenses$3,080,491
Net Income-$165,109
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$2,915,382
Mission and Program Overview

Mission

Exclusive purpose/activity is to hold title to property & collect income therefrom & distribute the net profit to its sole member, upstate medical university for their exempt purpose use.

Purpose/activity is to hold property title & collect/distribute income therefrom to its sole member, upstate medical university for the exempt purpose use.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,527,303$31,829,378▼ $697,925
Investments Other Securities$1,856,553$1,678,342▼ $178,211
Intangible Assets$668,579$645,591▼ $22,988
Accounts Receivable$4,628$188,410▲ $183,782
Cash and Non-Interest-Bearing Accounts$102,512$29,950▼ $72,562
Rtn Earn Endowment Incm Other Fnds$184,079$18,970▼ $165,109
Prepaid Expenses and Deferred Charges$2,679$2,358▼ $321
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$35,166,754$34,378,529▼ $788,225
Other Assets Total$4,500$4,500→ $0
Liabilities
Tax Exempt Bond Liabilities$32,950,640$32,584,820▼ $365,820
Other Liabilities$1,798,899$1,592,603▼ $206,296
Accounts Payable and Accrued Expenses$133,136$132,136▼ $1,000
Unsecured Notes Loans Payable$100,000$50,000▼ $50,000
Total Liabilities$34,982,675$34,359,559▼ $623,116
Net Assets / Fund Balance
Total Net Assets Fund Balance$184,079$18,970▼ $165,109
Total Liabilities and Net Assets / Fund Balance$35,166,754$34,378,529▼ $788,225

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,258,895$1,392,657$30,651,552
Equipment$1,121,543$156,156$1,277,699
Other Land Buildings$994,155-$994,155
Land$454,785-$454,785
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Eric SmithPresident
Thomas TaylorDirector
Thomas PelisSecretary
Mary Grace VannortwickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$178,638
Program Service Revenue
$2,647,341
Investment Income
$0
Other Revenue
$89,403
Change in Net Assets
$-165,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,915,382
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,915,382
Total Revenue per Form 990
$2,915,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,080,491
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
Interest$1,624,817--$1,624,817
Depreciation Depletion$872,722--$872,722
Occupancy$506,101--$506,101
Insurance$61,353--$61,353
Other Expenses-$11,266-$11,266
Fees for Services Legal$4,232--$4,232
Total Functional Expenses$3,069,225$11,266$0$3,080,491

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,080,491
Total Expenses per Audited Statements$3,080,491
Total Expenses per Form 990$3,080,491
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Affiliate$1,376,040
Deferred Revenue$216,563

Bond Issues

BondIssuerIssuedIssue PricePurpose
A80-04582402011-11-30$33,081,938To rebuild the geneva tower and repurpose for student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,081,938--$889,652

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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 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, Section A, Line 8B

“There are no committees. The board is the only governing body.”

Form 990, Part VI, Section B, Line 11

“990 is prepared by an external accounting firm who performs the sole member's annual audit. It is then reviewed by the treasurer and approved by the full board of directors”

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

“Board members are required to sign annual conflict of interest statements, which are monitored regularly.”

Form 990, Part VI, Section C, Line 19

“The 990 is available to the public through www.guidestar.org. Other governing documents are available on sole member's website - www.upstate.edu/foundation”

Filing and Contact Details

Filer

EIN
26-2980594
Phone
3154644501

Signing Officer

Name
Eric Smith
Title
President
Phone
3154644501
Signed
2015-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Smith
Formed
2008
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Preparer
Lori a Ciarla
Phone
3154719171
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The board oversees and assumes responsibility for the audit, same as in prior years.”

Financial Statement Notes

PART X, LINE 2:

“No provision for income taxes is required since upstate properties development, inc. Is exempt from federal income tax under provisions of section 501(c)(3) of the internal revenue code. Management is unaware of any unrelated business activities that may be subject to unrelated business income tax or any activities that would jeopardize upstate properties development, inc.'s exempt status.”

Raw XML AppendixShowing 400 of 458 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0133136
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0132136
IRS990/AccountsReceivableGrp/BOYAmt04628
IRS990/AccountsReceivableGrp/EOYAmt0188410
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PURPOSE/ACTIVITY IS TO HOLD PROPERTY TITLE & COLLECT/DISTRIBUTE INCOME THEREFROM TO ITS SOLE MEMBER, UPSTATE MEDICAL UNIVERSITY FOR THE EXEMPT PURPOSE USE.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10ERIC SMITH
IRS990/BooksInCareOfDetail/PhoneNum03154644664
IRS990/BooksInCareOfDetail/USAddress/AddressLine10750 EAST ADAMS STREET
IRS990/BooksInCareOfDetail/USAddress/City0SYRACUSE
IRS990/BooksInCareOfDetail/USAddress/State0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCode013210
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0102512
IRS990/CashNonInterestBearingGrp/EOYAmt029950
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0178638
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03080491
IRS990/CYOtherRevenueAmt089403
IRS990/CYProgramServiceRevenueAmt02647341
IRS990/CYRevenuesLessExpensesAmt0-165109
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt03080491
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02915382
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0872722
IRS990/DepreciationDepletionGrp/TotalAmt0872722
IRS990/Desc0EXPENSES INCURRED AS PAYMENTS ON DEBT, DEPRECIATION OF PROPERTY AND OTHER OPERATING EXPENSES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE IN ADDITION TO OTHER COSTS OF DEVELOPMENT OF OTHER PROPERTIES TO RENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt03069225
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04232
IRS990/FeesForServicesLegalGrp/TotalAmt04232
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIC SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY GRACE VANNORTWICK
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS PELIS
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS TAYLOR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02915382
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt061353
IRS990/InsuranceGrp/TotalAmt061353
IRS990/IntangibleAssetsGrp/BOYAmt0668579
IRS990/IntangibleAssetsGrp/EOYAmt0645591
IRS990/InterestGrp/ProgramServicesAmt01624817
IRS990/InterestGrp/TotalAmt01624817
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01856553
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01678342
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01548813
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032527303
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031829378
IRS990/LandBldgEquipCostOrOtherBssAmt033378191
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0903
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0903
IRS990/MissionDesc0EXCLUSIVE PURPOSE/ACTIVITY IS TO HOLD TITLE TO PROPERTY & COLLECT INCOME THEREFROM & DISTRIBUTE THE NET PROFIT TO ITS SOLE MEMBER, UPSTATE MEDICAL UNIVERSITY FOR THEIR EXEMPT PURPOSE USE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0184079
IRS990/NetAssetsOrFundBalancesEOYAmt018970
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0506101
IRS990/OccupancyGrp/TotalAmt0506101
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04500
IRS990/OtherAssetsTotalGrp/EOYAmt04500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT & OPERATING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011266
IRS990/OtherExpensesGrp/TotalAmt011266
IRS990/OtherLiabilitiesGrp/BOYAmt01798899
IRS990/OtherLiabilitiesGrp/EOYAmt01592603
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1812300
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0NYSERDA REBATE
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY COMMISSION
IRS990/OtherRevenueMiscGrp/Desc2CELL TOWER RENTAL
IRS990/OtherRevenueMiscGrp/ExclusionAmt077000
IRS990/OtherRevenueMiscGrp/ExclusionAmt110000
IRS990/OtherRevenueMiscGrp/ExclusionAmt21500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt077000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21500
IRS990/OtherRevenueTotalAmt089403
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02679
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02358
IRS990/PrincipalOfficerNm0ERIC SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02647341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02647341
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0383427
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02656168
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01977429
IRS990/PYRevenuesLessExpensesAmt0-295312
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02656168
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02360856
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-165109
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0178638
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02648244
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0184079
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018970
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0178638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt028427
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0147197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0673669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01027931
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04635673
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt078500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt078500
IRS990ScheduleA/PublicSupportTotal170Amt01027931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0178638
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt028427
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0147197
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0673669
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01027931
IRS990ScheduleA/TotalSupportAmt01106431
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt029258895
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01392657
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030651552
IRS990ScheduleD/EquipmentGrp/BookValueAmt01121543
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156156
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01277699
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03080491
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0454785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0454785
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0994155
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0994155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01376040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1216563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02915382
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION FOR INCOME TAXES IS REQUIRED SINCE UPSTATE PROPERTIES DEVELOPMENT, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS UNAWARE OF ANY UNRELATED BUSINESS ACTIVITIES THAT MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX OR ANY ACTIVITIES THAT WOULD JEOPARDIZE UPSTATE PROPERTIES DEVELOPMENT, INC.'S EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031829378
IRS990ScheduleD/TotalExpensesPerForm990Amt03080491
IRS990ScheduleD/TotalLiabilityAmt01592603
IRS990ScheduleD/TotalRevenuePerForm990Amt02915382
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02915382
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03080491
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02011-11-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0800458240
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0682832AK6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt033081938
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine10ONONDAGA NY CIVIC DEVELOPMENT CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO REBUILD THE GENEVA TOWER AND REPURPOSE FOR STUDENT HOUSING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt029276886
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0956335
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01959065
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0889652
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt033081938
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES. THE BOARD IS THE ONLY GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM WHO PERFORMS THE SOLE MEMBER'S ANNUAL AUDIT. IT IS THEN REVIEWED BY THE TREASURER AND APPROVED BY THE FULL BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO SIGN ANNUAL CONFLICT OF INTEREST STATEMENTS, WHICH ARE MONITORED REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG. OTHER GOVERNING DOCUMENTS ARE AVAILABLE ON SOLE MEMBER'S WEBSITE - WWW.UPSTATE.EDU/FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OVERSEES AND ASSUMES RESPONSIBILITY FOR THE AUDIT, SAME AS IN PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10HEALTH SCIENCE CENTER FOUNDATION AT SYRACUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11STATE UNIVERSITY OF NEW YORK UPSTATE MEDICAL UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0161068101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1146013200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RECEIVE/ADMINISTER GIFTS/BEQUESTS FOR THE SUNY UPSTATE MEDICAL UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1IMPROVE HEALTH OF COMMUNITY THROUGH EDU. BIOMEDICAL RESEARCH & HEALTHCARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0TYPE III SUPPORTING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10750 EAST ADAMS STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11750 EAST ADAMS STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SYRACUSE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1SYRACUSE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode013210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode113210
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0178638
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11376040
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH OWED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10STATE UNIVERSITY OF NEW YORK UPSTATE MEDICAL UNIVERSITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11STATE UNIVERSITY OF NEW YORK UPSTATE MEDICAL UNIVERSITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt032950640
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt032584820
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt035166754
IRS990/TotalAssetsEOYAmt034378529
IRS990/TotalAssetsGrp/BOYAmt035166754
IRS990/TotalAssetsGrp/EOYAmt034378529
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0178638
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011266
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03069225
IRS990/TotalFunctionalExpensesGrp/TotalAmt03080491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034982675

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,378,529
Liabilities
$34,359,559
Net assets
$18,970
Revenue
$2,915,382
Expenses
$3,080,491
Net income
-$165,109
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.9$28.0$9.90$4.42$3.18$1.24
2024Detailed filing. Detailed filing data is available for this year.$35.2$26.5$8.66$3.94$2.96$0.98
2023Detailed filing. Detailed filing data is available for this year.$35.4$27.7$7.68$5.79$2.94$2.85
2022Detailed filing. Detailed filing data is available for this year.$35.9$31.0$4.84$3.45$2.91$0.54
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$30.3$4.30$4.40$3.98$0.42
2020Detailed filing. Detailed filing data is available for this year.$32.8$28.9$3.87$3.48$3.28$0.20
2019Detailed filing. Detailed filing data is available for this year.$33.2$29.6$3.67$2.79$3.51$0.73
2018Detailed filing. Detailed filing data is available for this year.$34.6$30.2$4.40$6.02$3.47$2.55
2017Detailed filing. Detailed filing data is available for this year.$32.6$30.8$1.85$3.59$3.52$0.08
2016Detailed filing. Detailed filing data is available for this year.$33.8$32.0$1.77$3.48$3.33$0.15
2015Detailed filing. Detailed filing data is available for this year.$34.2$32.6$1.62$4.58$2.98$1.61
2014Detailed filing. Detailed filing data is available for this year.$34.4$34.4$0.02$2.92$3.08$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$35.0$0.17$2.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$37.1$0.46$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.57