Civic Intelligence

Lehigh Valley Community Land Trust

990 • Fiscal year 2017 • EIN 26-4840272

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 21, 2018

1337 East Fifth StreetBethlehem, PA 18015

(610) 691-5620

Siviq Scores

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

Liabilities / Assets

66th percentile

0.13x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.34x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

6th percentile

-51%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$765,331

Down $143,309 (-16%) from 2016

Net Assets

Down

$665,961

Down $147,392 (-18%) from 2016

Liabilities

Up

$99,370

Up $4,083 (+4.3%) from 2016

Revenue

Up

$290,948

Up $62,133 (+27%) from 2016

Expenses

Up

$438,340

Up $126,991 (+41%) from 2016

Net Income

Down

-$147,392

Down $64,858 (-79%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $1,074,697Liabilities 2015: $178,810Net Assets 2015: $895,8872015Assets 2016: $908,640Liabilities 2016: $95,287Net Assets 2016: $813,3532016Assets 2017: $765,331Liabilities 2017: $99,370Net Assets 2017: $665,9612017Assets 2018: $763,827Liabilities 2018: $177,492Net Assets 2018: $586,3352018Assets 2019: $647,208Liabilities 2019: $142,350Net Assets 2019: $504,8582019Assets 2020: $504,487Liabilities 2020: $6,365Net Assets 2020: $498,1222020Assets 2021: $516,909Liabilities 2021: $209Net Assets 2021: $516,7002021Assets 2022: $416,200Liabilities 2022: $632Net Assets 2022: $415,5682022Assets 2023: $304,217Liabilities 2023: $3,990Net Assets 2023: $300,2272023

Highlighted filing

2017

Assets$765,331
Liabilities$99,370
Net Assets$665,961

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $125,904Expenses 2015: $263,530Net Income 2015: -$137,6262015Revenue 2016: $228,815Expenses 2016: $311,349Net Income 2016: -$82,5342016Revenue 2017: $290,948Expenses 2017: $438,340Net Income 2017: -$147,3922017Revenue 2018: $408,249Expenses 2018: $487,875Net Income 2018: -$79,6262018Revenue 2019: $325,389Expenses 2019: $406,866Net Income 2019: -$81,4772019Revenue 2020: $104,294Expenses 2020: $111,030Net Income 2020: -$6,7362020Revenue 2021: $24,928Expenses 2021: $6,350Net Income 2021: $18,5782021Revenue 2022: $10,041Expenses 2022: $111,173Net Income 2022: -$101,1322022Revenue 2023: -$106,834Expenses 2023: $8,507Net Income 2023: -$115,3412023

Highlighted filing

2017

Revenue$290,948
Expenses$438,340
Net Income-$147,392
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 21, 2018
Return Version
2016v3.1
Gross Receipts
$397,542
Mission and Program Overview

Mission

The mission of the organization is to create and preserve affordable homes for working families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$248,637$255,137▲ $6,500
Cash and Non-Interest-Bearing Accounts$291,566$189,251▼ $102,315
Accounts Receivable$129,866$133,623▲ $3,757
Total Assets$908,640$765,331▼ $143,309
Other Assets Total$238,571$187,320▼ $51,251
Liabilities
Unsecured Notes Loans Payable$70,345$70,345→ $0
Other Liabilities$8,804$16,762▲ $7,958
Accounts Payable and Accrued Expenses$16,138$12,263▼ $3,875
Total Liabilities$95,287$99,370▲ $4,083
Net Assets / Fund Balance
Unrestricted Net Assets$813,353$658,461▼ $154,892
Temporarily Rstr Net Assets-$7,500-
Total Net Assets Fund Balance$813,353$665,961▼ $147,392
Total Liabilities and Net Assets / Fund Balance$908,640$765,331▼ $143,309

Asset Categories

AssetBook ValueDepreciationBasis
Land$255,137-$255,137
Other Assets Org$187,320--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neal KoplinPresident
Altagracia MercadoBoard Member
Frank KovacsBoard Member
Jackeline GarridoBoard Member
Judy HunsickerBoard Member
Larry BonnerBoard Member
Leonard MackeyBoard Member
Lisa BorickBoard Member
Mark HartneyBoard Member
Rebecca NewsomBoard Member
Rebecca TroutmanBoard Member
Robert VidoniBoard Member
Stacy MiloBoard Member
Alan JenningsExecutive Di
Jessica McginleySecretary
Dan BeersTreasurer
Paulette G GilfoilVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Be ConstructionConstruction410 N IRVING STREET, Allentown, PA 18109$109,300
Revenue and Support

Revenue Composition

Contributions and Grants
$298,229
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-7,281
All Other Contributions
$25,485
Change in Net Assets
$-147,392

Audited Revenue Reconciliation

Revenue per Audited Statements
$290,948
Total Revenue per Audited Statements
$290,948
Total Revenue per Form 990
$290,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,085
Salaries, Compensation, and Employee Benefits$109,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$140,712$1,659-$142,371
Other Salaries and Wages$81,884--$81,884
Fees for Services Management-$76,863-$76,863
Other Employee Benefits$13,895--$13,895
Payroll Taxes$8,541--$8,541
Fees for Services Accounting-$5,300-$5,300
Pension Plan Contributions$4,935--$4,935
Travel$2,486--$2,486
Advertising$1,238--$1,238
Other Expenses$745--$745
Office Expenses$639--$639
All Other Expenses$610--$610
Conferences and Meetings$467--$467
Fees for Services Legal-$182-$182
Total Functional Expenses$354,336$84,004$0$438,340

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$438,340
Total Expenses per Audited Statements$438,340
Total Expenses per Form 990$438,340
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
Due to Affiliate$16,762
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 form 990 is first reviewed by the director of finance, then the governing board is given a copy of the 990 for their review. After all necessary changes are made, if any, the governing board files the form 990.

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

The organization regularly inquires if any board member has a conflict of interest with any vendors used by the organization. If a conflict is identified, the conflicted member is not allowed to vote on any decision regarding the vendor.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Lehigh Valley Community Land Trust
EIN
26-4840272
Phone
6106915620
Address
1337 EAST FIFTH STREET, BETHLEHEM, PA 18015

Signing Officer

Name
Alan Jennings
Title
Executive Director
Phone
6106915620
Signed
2018-03-21

Organization Details

Principal Officer
Neal Koplin
Formed
2009
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
24

Preparer

Firm
Buckno Lisicky & Company Pc
Address
645 HAMILTON ST SUITE 204, ALLENTOWN, PA 18101-2108
Preparer
Jeffrey E Dobeck
Phone
6108218580
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Sold a completely-rehabilitated home at 426 hayes street in south bethlehem; this house was restored from conditions of blight to the most updated home on the block. Acquired a home at 414 hayes street in south bethlehem, complementing lvclt's existing properties in the area and continuing cadcb and lvclt's joint revitalization of this key gateway. Collaborated with cadcb to install a mural on an exposed brick exterior wall of the property. Obtained site control, initiated due diligence activities and developed the project concept for a 36-unit new construction twin home development in south bethlehem; raised over 693,000 of grant funding for this catalytic project from neighborworks america, the city of bethlehem and northampton county. Rehabilitated the houses of 8 low-income homeowners in northampton county. The lehigh valley community land trust is a separately-incorporated subsidiary of the community action committee of the lehigh valley.

Form 990, Part IX, Line 11G

OTHER 140,712 1,659 0

Form 990, Part XI, Line 9

Loss on sale of houses 0 loss on sale of houses 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

LOSS ON SALE OF HOUSES 0

Schedule D, Page 4, Part XII, Line 2D

LOSS ON SALE OF HOUSES 0

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS TO CREATE AND PRESERVE AFFORDABLE HOMES FOR WORKING FAMILIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF HOUSES 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOLD A COMPLETELY-REHABILITATED HOME AT 426 HAYES STREET IN SOUTH BETHLEHEM; THIS HOUSE WAS RESTORED FROM CONDITIONS OF BLIGHT TO THE MOST UPDATED HOME ON THE BLOCK. ACQUIRED A HOME AT 414 HAYES STREET IN SOUTH BETHLEHEM, COMPLEMENTING LVCLT'S EXISTING PROPERTIES IN THE AREA AND CONTINUING CADCB AND LVCLT'S JOINT REVITALIZATION OF THIS KEY GATEWAY. COLLABORATED WITH CADCB TO INSTALL A MURAL ON AN EXPOSED BRICK EXTERIOR WALL OF THE PROPERTY. OBTAINED SITE CONTROL, INITIATED DUE DILIGENCE ACTIVITIES AND DEVELOPED THE PROJECT CONCEPT FOR A 36-UNIT NEW CONSTRUCTION TWIN HOME DEVELOPMENT IN SOUTH BETHLEHEM; RAISED OVER 693,000 OF GRANT FUNDING FOR THIS CATALYTIC PROJECT FROM NEIGHBORWORKS AMERICA, THE CITY OF BETHLEHEM AND NORTHAMPTON COUNTY. REHABILITATED THE HOUSES OF 8 LOW-INCOME HOMEOWNERS IN NORTHAMPTON COUNTY. THE LEHIGH VALLEY COMMUNITY LAND TRUST IS A SEPARATELY-INCORPORATED SUBSIDIARY OF THE COMMUNITY ACTION COMMITTEE OF THE LEHIGH VALLEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS FIRST REVIEWED BY THE DIRECTOR OF FINANCE, THEN THE GOVERNING BOARD IS GIVEN A COPY OF THE 990 FOR THEIR REVIEW. AFTER ALL NECESSARY CHANGES ARE MADE, IF ANY, THE GOVERNING BOARD FILES THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY INQUIRES IF ANY BOARD MEMBER HAS A CONFLICT OF INTEREST WITH ANY VENDORS USED BY THE ORGANIZATION. IF A CONFLICT IS IDENTIFIED, THE CONFLICTED MEMBER IS NOT ALLOWED TO VOTE ON ANY DECISION REGARDING THE VENDOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER 140,712 1,659 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOSS ON SALE OF HOUSES 0 LOSS ON SALE OF HOUSES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY ACTION COMMITTEE OF THE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1COMMUNITY ACTION DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2COMMUNITY ACTION DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3RISING TIDE COMMUNITY LOAN FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0LEHIGH VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1CORPORATION OF BETHLEHEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt2CORPORATION OF ALLENTOWN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1232934547
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2232735252

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