Civic Intelligence

Urban League of Rochester Economic Development Corporation

990 • Fiscal year 2018 • EIN 27-0995580

Apr 01, 2017 to Mar 31, 2018 • Filed on Aug 13, 2018

312 State StreetRochester, NY 14608

(585) 325-6530

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.65x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

5th percentile

-60%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$213,020

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 327.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.6%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2018

Revenue Growth

35th percentile

-1.6%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2018

Assets

Down

$1,471,884

Down $119,359 (-7.5%) from 2015

Net Assets

Down

$1,429,481

Down $121,859 (-7.9%) from 2015

Liabilities

Up

$42,403

Up $2,500 (+6.3%) from 2015

Revenue

Down

$65,095

Down $3,160 (-4.6%) from 2015

Expenses

Down

$103,967

Down $11,888 (-10%) from 2015

Net Income

Up

-$38,872

Up $8,728 (+18%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $1,672,761Liabilities 2013: $1,609,514Net Assets 2013: $63,2472013Assets 2015: $1,591,243Liabilities 2015: $39,903Net Assets 2015: $1,551,3402015Assets 2018: $1,471,884Liabilities 2018: $42,403Net Assets 2018: $1,429,4812018Assets 2019: $1,432,891Liabilities 2019: $48,089Net Assets 2019: $1,384,8022019Assets 2020: $1,398,394Liabilities 2020: $52,658Net Assets 2020: $1,345,7362020Assets 2021: $1,360,174Liabilities 2021: $48,939Net Assets 2021: $1,311,2352021Assets 2022: $1,321,658Liabilities 2022: $70,516Net Assets 2022: $1,251,1422022Assets 2023: $1,265,112Liabilities 2023: $72,517Net Assets 2023: $1,192,5952023Assets 2024: $1,248,084Liabilities 2024: $69,404Net Assets 2024: $1,178,6802024

Highlighted filing

2018

Assets$1,471,884
Liabilities$42,403
Net Assets$1,429,481

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2013: $107,1192013Revenue 2015: $68,255Expenses 2015: $115,855Net Income 2015: -$47,6002015Revenue 2018: $65,095Expenses 2018: $103,967Net Income 2018: -$38,8722018Revenue 2019: $56,424Expenses 2019: $101,103Net Income 2019: -$44,6792019Revenue 2020: $66,138Expenses 2020: $105,204Net Income 2020: -$39,0662020Revenue 2021: $64,033Expenses 2021: $98,534Net Income 2021: -$34,5012021Revenue 2022: $61,709Expenses 2022: $121,802Net Income 2022: -$60,0932022Revenue 2023: $72,323Expenses 2023: $130,870Net Income 2023: -$58,5472023Revenue 2024: $107,001Expenses 2024: $120,916Net Income 2024: -$13,9152024

Highlighted filing

2018

Revenue$65,095
Expenses$103,967
Net Income-$38,872
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Aug 13, 2018
Return Version
2017v2.3
Gross Receipts
$65,095
Mission and Program Overview

Mission

To develop and operate a housing project for elderly persons under section 202 of the national affordable housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,465,825$1,424,569▼ $41,256
Cash and Non-Interest-Bearing Accounts$6,677$3,120▼ $3,557
Prepaid Expenses and Deferred Charges$645$646▲ $1
Accounts Receivable$10$75▲ $65
Total Assets$1,512,319$1,471,884▼ $40,435
Other Assets Total$39,162$43,474▲ $4,312
Liabilities
Other Liabilities$36,694$38,964▲ $2,270
Accounts Payable and Accrued Expenses$7,272$3,439▼ $3,833
Total Liabilities$43,966$42,403▼ $1,563
Net Assets / Fund Balance
Unrestricted Net Assets$1,468,353$1,429,481▼ $38,872
Total Net Assets Fund Balance$1,468,353$1,429,481▼ $38,872
Total Liabilities and Net Assets / Fund Balance$1,512,319$1,471,884▼ $40,435

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,374,702$269,637$1,644,339
Land$49,300-$49,300
Other Land Buildings$567$917$1,484
Compensation and Service Providers

Employees

NameTitleOtherTotal
Carolyn VitaleVice President/secretary$109,539$109,539

Board Members and Trustees

NameTitle
Brian RoulinChairperson
William ClarkPresident/CEO
George OpiraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,181
Program Service Revenue
$30,232
Investment Income
$20
Other Revenue
$662
Change in Net Assets
$-38,872

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,095
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$65,095
Total Revenue per Form 990
$65,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,424
Salaries, Compensation, and Employee Benefits$13,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$41,256--$41,256
Occupancy$21,687--$21,687
Other Salaries and Wages$3,121$8,272-$11,393
Insurance$5,456--$5,456
Fees for Services Management-$4,809-$4,809
Fees for Services Accounting-$4,377-$4,377
Office Expenses-$1,845-$1,845
Other Employee Benefits$341$902-$1,243
Payroll Taxes$248$659-$907
Other Expenses$312$88-$400
Total Functional Expenses$83,015$20,952$0$103,967

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$103,967
Total Expenses per Audited Statements$103,967
Total Expenses per Form 990$103,967
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
Due to Affiliates- Operations$35,291
Tenant Security Deposit Held in Trust$2,917
Prepaid Rent$756
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Akeley landing housing development fund corpoaration delegated control over managment duties to the urban league of rochester economic development corporation, a related entity.

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

Form 990 is reviewed and approved by the board of directors prior to submission.

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

Conflict of interest statements are required for all officers and members of the board of directors. Any unsigned conflict of interest statements are followed up on until they are received.

Form 990, Part VI, Section B, Line 15A

The president of the urban league of rochester, ny, inc. (the urban league), a related party of akeley landing housing development fund corporation (akeley landing), also serves on the board of directors of akeley landing. The president's salary is paid entirely by the urban league. The urban league has a formal policy regarding executive compensation. An executive committee of the board of directors meets annually to review the president's annual evaluation. The determination of the compensation level involves a comparison of the president's compensation level to other local similar sized not-for-profit entities. The compensation level is determined based upon the above procedures and then voted on and approved by the committee.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Akeley Landing Housing Development Fund
EIN
27-0995580
Phone
5853256530
Address
312 STATE STREET, ROCHESTER, NY 14608

Signing Officer

Name
William Clark
Title
President/CEO
Phone
5853256530
Signed
2018-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Clark
Formed
2010
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL SUITE 201, PITTSFORD, NY 14534
Preparer
Michael Vollmer
Phone
5853811000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The accounting process has not changed from the prior year.

Raw XML AppendixShowing 400 of 533 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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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM CLARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AKELEY LANDING HOUSING DEVELOPMENT FUND CORPOARATION DELEGATED CONTROL OVER MANAGMENT DUTIES TO THE URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION, A RELATED ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE REQUIRED FOR ALL OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS. ANY UNSIGNED CONFLICT OF INTEREST STATEMENTS ARE FOLLOWED UP ON UNTIL THEY ARE RECEIVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE URBAN LEAGUE OF ROCHESTER, NY, INC. (THE URBAN LEAGUE), A RELATED PARTY OF AKELEY LANDING HOUSING DEVELOPMENT FUND CORPORATION (AKELEY LANDING), ALSO SERVES ON THE BOARD OF DIRECTORS OF AKELEY LANDING. THE PRESIDENT'S SALARY IS PAID ENTIRELY BY THE URBAN LEAGUE. THE URBAN LEAGUE HAS A FORMAL POLICY REGARDING EXECUTIVE COMPENSATION. AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO REVIEW THE PRESIDENT'S ANNUAL EVALUATION. THE DETERMINATION OF THE COMPENSATION LEVEL INVOLVES A COMPARISON OF THE PRESIDENT'S COMPENSATION LEVEL TO OTHER LOCAL SIMILAR SIZED NOT-FOR-PROFIT ENTITIES. THE COMPENSATION LEVEL IS DETERMINED BASED UPON THE ABOVE PROCEDURES AND THEN VOTED ON AND APPROVED BY THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ACCOUNTING PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0URBAN LEAGUE OF ROCHESTER NY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt7URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0URBAN LEAGUE OF ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1URBAN LEAGUE OF ROCHESTER NY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2BLOSSOM VILLAGE HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3KENWOOD HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4THURSTON HOUSING DEVELOPMENT FUND COMPANY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5WEST HENRIETTA HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6CORN HILL HOUSING DEVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7EAST RIVER ROAD HOUSING DVELOPMENT FUND CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8GOOSE II HOUSING DEVELOPMENT FUND COMPANY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222717130
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2161452557
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt8501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6NY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd8NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENABLE SECURE ECONOMIC SELF-RELIANCE, PARITY POWER, AND CIVIL RIGHTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ENABLE SECURE ECONOMIC SELF-RELIANCE, PARITY POWER, AND CIVIL RIGHTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2SUPPORTIVE HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3SUPPORTIVE HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4SUPPORTIVE HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5SUPPORTIVE HOUSING FOR THE ELDERLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6SUPPORTIVE HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt7SUPPORTIVE HOUSING FOR THE ELDERLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt8SUPPORTIVE HOUSING FOR THE ELDERLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2312 STATE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3312 STATE STREET

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