Civic Intelligence

Massachusetts Avenue Housing Development Fund Corporation

990 • Fiscal year 2016 • EIN 27-2382090

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

271 Grant StreetBuffalo, NY 14213

(716) 884-0356

Siviq Scores

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

Liabilities / Assets

54th percentile

0.75x

Higher debt load relative to assets than 54% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

25.54x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

5th percentile

-93%

Higher net margin than 5% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$56,069

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 102.7% of source-year revenue.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

48th percentile

-2.3%

Faster asset growth than 48% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-9.8%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,868,862

Down $44,854 (-2.3%) from 2015

Net Assets

Down

$474,696

Down $50,998 (-9.7%) from 2015

Liabilities

Up

$1,394,166

Up $6,144 (+0.4%) from 2015

Revenue

Down

$54,591

Down $5,942 (-9.8%) from 2015

Expenses

Up

$105,589

Up $6,491 (+6.6%) from 2015

Net Income

Down

-$50,998

Down $12,433 (-32%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,030,757Liabilities 2012: $1,443,953Net Assets 2012: $586,8042012Assets 2013: $2,016,728Liabilities 2013: $1,391,568Net Assets 2013: $625,1602013Assets 2014: $1,982,544Liabilities 2014: $1,418,285Net Assets 2014: $564,2592014Assets 2015: $1,913,716Liabilities 2015: $1,388,022Net Assets 2015: $525,6942015Assets 2016: $1,868,862Liabilities 2016: $1,394,166Net Assets 2016: $474,6962016Assets 2017: $1,816,538Liabilities 2017: $1,388,317Net Assets 2017: $428,2212017Assets 2018: $1,792,208Liabilities 2018: $1,408,574Net Assets 2018: $383,6342018Assets 2019: $1,732,382Liabilities 2019: $1,385,660Net Assets 2019: $346,7222019Assets 2020: $1,685,761Liabilities 2020: $1,380,775Net Assets 2020: $304,9862020Assets 2021: $1,640,533Liabilities 2021: $1,380,612Net Assets 2021: $259,9212021Assets 2022: $1,617,257Liabilities 2022: $1,382,337Net Assets 2022: $234,9202022Assets 2023: $1,572,466Liabilities 2023: $1,386,219Net Assets 2023: $186,2472023Assets 2024: $1,514,846Liabilities 2024: $1,394,877Net Assets 2024: $119,9692024

Highlighted filing

2016

Assets$1,868,862
Liabilities$1,394,166
Net Assets$474,696

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $12,3392012Revenue 2013: $228,428Expenses 2013: $190,072Net Income 2013: $38,3562013Revenue 2014: $54,432Expenses 2014: $115,333Net Income 2014: -$60,9012014Revenue 2015: $60,533Expenses 2015: $99,098Net Income 2015: -$38,5652015Revenue 2016: $54,591Expenses 2016: $105,589Net Income 2016: -$50,9982016Revenue 2017: $66,033Expenses 2017: $112,508Net Income 2017: -$46,4752017Revenue 2018: $63,126Expenses 2018: $107,713Net Income 2018: -$44,5872018Revenue 2019: $68,558Expenses 2019: $105,468Net Income 2019: -$36,9102019Revenue 2020: $59,277Expenses 2020: $101,013Net Income 2020: -$41,7362020Revenue 2021: $67,331Expenses 2021: $112,396Net Income 2021: -$45,0652021Revenue 2022: $102,987Expenses 2022: $127,988Net Income 2022: -$25,0012022Revenue 2023: $81,732Expenses 2023: $130,405Net Income 2023: -$48,6732023Revenue 2024: $56,194Expenses 2024: $122,472Net Income 2024: -$66,2782024

Highlighted filing

2016

Revenue$54,591
Expenses$105,589
Net Income-$50,998
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$54,591
Mission and Program Overview

Mission

To provide housing accomodations for persons and families of low income, as defined in section 2 of private housing finance law, which housing accomodations shall be situated and located at/or near massachusetts avenue, city of buffalo, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,851,879$1,779,875▼ $72,004
Cash and Non-Interest-Bearing Accounts$29,987$47,296▲ $17,309
Accounts Receivable$3,282$2,743▼ $539
Prepaid Expenses and Deferred Charges$125$74▼ $51
Total Assets$1,913,716$1,868,862▼ $44,854
Other Assets Total$28,443$38,874▲ $10,431
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,375,000$1,375,000→ $0
Accounts Payable and Accrued Expenses$8,127$14,592▲ $6,465
Other Liabilities$4,895$4,574▼ $321
Total Liabilities$1,388,022$1,394,166▲ $6,144
Net Assets / Fund Balance
Unrestricted Net Assets$525,694$474,696▼ $50,998
Total Net Assets Fund Balance$525,694$474,696▼ $50,998
Total Liabilities and Net Assets / Fund Balance$1,913,716$1,868,862▼ $44,854

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,732,917$199,316$1,932,233
Equipment$20,237$86,956$107,193
Other Land Buildings$24,721$9,162$33,883
Land$2,000-$2,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Aaron BartleyBoard Treasurer$56,069$56,069
Jennifer MecozziBoard Secretary$33,443$33,443

Board Members and Trustees

NameTitle
Evan BussiereBoard President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$54,591
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-50,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,589
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$72,004--$72,004
Fees for Services Accounting$9,625--$9,625
Fees for Services Management$6,878--$6,878
Fees for Services Other$5,845--$5,845
Insurance$740--$740
Other Expenses$614--$614
Office Expenses$209--$209
Total Functional Expenses$105,589$0$0$105,589
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
Tenant Security Deposits$4,574
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
Yes
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 7A

Line 7a explanation - the sole member corporation in massachusetts avenue housing development is people united for sustainable housing, inc. (push). These entities are also related through common board members and push staff. The organization is governed by a three-member board of directors elected by the push board of directors.

Form 990, Part VI, Section A, Line 8B

Line 9 explanation - the organizations governing body does not have any committees with authority to act on behalf of the governing body.

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

Line 11a explanation - the draft form 990 is reviewed in detail by the sole member's finance committee. The treasurer of the board of directors oversees the non attest services provided by the auditors, including preparation of form 990. The sole member's audit committee reviews all required schedules and compares the financial data to the audited financial statements and underlying supporting information.

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

The organization has a written conflict of interest policy that is monitored by the board and reviewed annually. Conflict of interest statements are reviewed by a board member for propriety on an annual basis.

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

Officers and key employees are not compensated by the organization.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request and through the ny attorney general's website.

Filing and Contact Details

Filer

Filer Name
Massachusetts Avenue Housing Development
EIN
27-2382090
Phone
7168840356
Address
271 GRANT STREET, BUFFALO, NY 14213

Signing Officer

Name
Aaron Bartley
Title
Executive Director
Phone
7168840356
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Bartley
Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Flaherty Salmin Llp
Address
2300 BUFFALO RD BLDG 200, ROCHESTER, NY 14624
Preparer
Dale Rowland CPA
Phone
5852790120
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no change in the process.

Raw XML Appendix384 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 7A EXPLANATION - THE SOLE MEMBER CORPORATION IN MASSACHUSETTS AVENUE HOUSING DEVELOPMENT IS PEOPLE UNITED FOR SUSTAINABLE HOUSING, INC. (PUSH). THESE ENTITIES ARE ALSO RELATED THROUGH COMMON BOARD MEMBERS AND PUSH STAFF. THE ORGANIZATION IS GOVERNED BY A THREE-MEMBER BOARD OF DIRECTORS ELECTED BY THE PUSH BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 9 EXPLANATION - THE ORGANIZATIONS GOVERNING BODY DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 11A EXPLANATION - THE DRAFT FORM 990 IS REVIEWED IN DETAIL BY THE SOLE MEMBER'S FINANCE COMMITTEE. THE TREASURER OF THE BOARD OF DIRECTORS OVERSEES THE NON ATTEST SERVICES PROVIDED BY THE AUDITORS, INCLUDING PREPARATION OF FORM 990. THE SOLE MEMBER'S AUDIT COMMITTEE REVIEWS ALL REQUIRED SCHEDULES AND COMPARES THE FINANCIAL DATA TO THE AUDITED FINANCIAL STATEMENTS AND UNDERLYING SUPPORTING INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS MONITORED BY THE BOARD AND REVIEWED ANNUALLY. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY A BOARD MEMBER FOR PROPRIETY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE NY ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE HAS BEEN NO CHANGE IN THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/FilingSecurityInformation/IPTm009:34:02
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ReturnHeader/PreparerPersonGrp/PhoneNum05852790120
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DALE ROWLAND CPA
ReturnHeader/ReturnTs02017-11-14T10:57:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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