Civic Intelligence

Orchard Housing Development Fund Company Inc.

990 • Fiscal year 2014 • EIN 31-1662706

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 24, 2015

448 Main Streetpo Box 473Catskill, NY 12414

(518) 943-6700

Siviq Scores

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

Liabilities / Assets

85th percentile

1.42x

Higher debt load relative to assets than 85% of similar nonprofits.

2014 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

16.37x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Net Margin

33rd percentile

-43%

Higher net margin than 33% of similar nonprofits.

2014 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

42nd percentile

-2.8%

Faster asset growth than 42% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

-0.4%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,268,937

Down $37,030 (-2.8%) from 2013

Net Assets

Down

-$535,315

Down $47,496 (-9.7%) from 2013

Liabilities

Up

$1,804,252

Up $10,466 (+0.6%) from 2013

Revenue

Down

$110,196

Down $473 (-0.4%) from 2013

Expenses

Up

$157,692

Up $4,360 (+2.8%) from 2013

Net Income

Down

-$47,496

Down $4,833 (-11%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,417,171Liabilities 2010: $24,971Net Assets 2010: $1,392,2002010Assets 2011: $1,382,231Liabilities 2011: $31,031Net Assets 2011: $1,351,2002011Assets 2012: $1,343,792Liabilities 2012: $1,788,948Net Assets 2012: -$445,1562012Assets 2013: $1,305,967Liabilities 2013: $1,793,786Net Assets 2013: -$487,8192013Assets 2014: $1,268,937Liabilities 2014: $1,804,252Net Assets 2014: -$535,3152014Assets 2015: $1,224,035Liabilities 2015: $1,795,815Net Assets 2015: -$571,7802015Assets 2016: $1,192,677Liabilities 2016: $1,797,421Net Assets 2016: -$604,7442016Assets 2017: $1,150,339Liabilities 2017: $1,795,143Net Assets 2017: -$644,8042017Assets 2018: $1,102,633Liabilities 2018: $1,791,660Net Assets 2018: -$689,0272018Assets 2019: $1,057,193Liabilities 2019: $1,781,295Net Assets 2019: -$724,1022019Assets 2020: $1,008,356Liabilities 2020: $1,781,692Net Assets 2020: -$773,3362020Assets 2021: $978,718Liabilities 2021: $1,771,006Net Assets 2021: -$792,2882021Assets 2022: $935,580Liabilities 2022: $1,777,504Net Assets 2022: -$841,9242022Assets 2023: $885,897Liabilities 2023: $1,778,444Net Assets 2023: -$892,5472023Assets 2024: $852,646Liabilities 2024: $1,782,072Net Assets 2024: -$929,4262024

Highlighted filing

2014

Assets$1,268,937
Liabilities$1,804,252
Net Assets-$535,315

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $145,4562010Expenses 2011: $152,4082011Expenses 2012: $144,9042012Revenue 2013: $110,669Expenses 2013: $153,332Net Income 2013: -$42,6632013Revenue 2014: $110,196Expenses 2014: $157,692Net Income 2014: -$47,4962014Revenue 2015: $114,534Expenses 2015: $150,999Net Income 2015: -$36,4652015Revenue 2016: $124,522Expenses 2016: $157,850Net Income 2016: -$33,3282016Revenue 2017: $123,420Expenses 2017: $164,685Net Income 2017: -$41,2652017Revenue 2018: $123,743Expenses 2018: $167,966Net Income 2018: -$44,2232018Revenue 2019: $134,489Expenses 2019: $169,564Net Income 2019: -$35,0752019Revenue 2020: $134,004Expenses 2020: $183,240Net Income 2020: -$49,2362020Revenue 2021: $137,170Expenses 2021: $156,120Net Income 2021: -$18,9502021Revenue 2022: $143,272Expenses 2022: $192,908Net Income 2022: -$49,6362022Revenue 2023: $142,403Expenses 2023: $193,026Net Income 2023: -$50,6232023Revenue 2024: $167,087Expenses 2024: $203,966Net Income 2024: -$36,8792024

Highlighted filing

2014

Revenue$110,196
Expenses$157,692
Net Income-$47,496
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 24, 2015
Return Version
2014v5.0
Gross Receipts
$110,196
Mission and Program Overview

Mission

To provide affordable housing to low income elderly individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,226,441$1,181,466▼ $44,975
Savings and Temporary Cash Investments$74,759$83,437▲ $8,678
Prepaid Expenses and Deferred Charges$3,771$3,104▼ $667
Cash and Non-Interest-Bearing Accounts$996$930▼ $66
Total Assets$1,305,967$1,268,937▼ $37,030
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,764,139$1,764,139→ $0
Accounts Payable and Accrued Expenses$23,659$34,185▲ $10,526
Other Liabilities$5,988$5,928▼ $60
Total Liabilities$1,793,786$1,804,252▲ $10,466
Net Assets / Fund Balance
Unrestricted Net Assets$-487,819$-535,315▼ $47,496
Total Net Assets Fund Balance$-487,819$-535,315▼ $47,496
Total Liabilities and Net Assets / Fund Balance$1,305,967$1,268,937▼ $37,030

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,177,016$613,069$1,790,085
Equipment$4,450$30,520$34,970
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karl HeckPresident
Joanna SchmidtDirector
Kathleen Balthazar HeitzmannDirector
Rebecca ShieldsDirector
Ruth ForteDirector
Trish LambDirector
Willie DavisDirector
Lawrence KrajeskiExec. Direct
Dixie BaldreyV.p./secr.
Revenue and Support

Revenue Composition

Contributions and Grants
$34,308
Program Service Revenue
$75,888
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-47,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,196
Total Revenue per Audited Statements
$110,196
Total Revenue per Form 990
$110,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,692
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
All Other Expenses$51,188$1,983-$53,171
Depreciation Depletion$46,416--$46,416
Insurance$11,040--$11,040
Other Expenses$8,542$8,247-$8,247
Fees for Services Accounting-$4,000-$4,000
Office Expenses-$540-$540
Advertising$54--$54
Total Functional Expenses$129,386$28,306$0$157,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$157,692
Total Expenses per Audited Statements$157,692
Total Expenses per Form 990$157,692
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Catskill Mountain HousingLike BoardMgt/bookkping FeesNo-
Catskill Mountain Housing Dev CorpLike BoardProperty LeaseNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$5,928
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management company, catskill mountain housing development corporation, responsible for management of hud assisted rental facility for all phases of operations.

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

The board reviews form 990 prior to submisson and approves or ratifies prior to submission

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Orchard Housing Development Fund
EIN
31-1662706
Phone
5189436700
Address
448 MAIN STREETPO BOX 473, CATSKILL, NY 12414

Signing Officer

Name
Karl Heck
Title
President
Phone
5189436700
Signed
2015-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Heck
Formed
1999
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Accounting Offices of Tom Fucito CPA Pc
Address
PO BOX 897, CAIRO, NY 12413-0897
Preparer
Thomas Fucito CPA
Phone
5186222844
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Sewer 6,692 0 0 water 5,596 0 0 janitor and cleaning cont 4,650 0 0 oth admin. Support expens 4,474 0 0 elevator contract 3,771 0 0 garbage and trash removal 3,595 0 0 hvac repairs and maintena 3,419 0 0 snow removal 2,853 0 0 property lease expense 2,640 0 0 security contract 2,505 0 0 telephone and answering 2,501 0 0 gas 2,176 0 0 bookkeeping services 0 1,948 0 other maintenance expense 1,763 0 0 voucher submission contra 1,416 0 0 exterminating contract 1,150 0 0 repairs expenses 897 0 0 janitor and cleaning expe 490 0 0 fire inspection services 430 0 0 fidelity bond insurance 170 0 0 filing fees 0 35 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt04450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034970
IRS990ScheduleD/ExpensesSubtotalAmt0157692
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05928
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0110196
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01181466
IRS990ScheduleD/TotalExpensesPerForm990Amt0157692
IRS990ScheduleD/TotalLiabilityAmt05928
IRS990ScheduleD/TotalRevenuePerForm990Amt0110196
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0110196
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0157692
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CATSKILL MOUNTAIN HOUSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1CATSKILL MOUNTAIN HOUSING DEV CORP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0LIKE BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1LIKE BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MGT/BOOKKPING FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PROPERTY LEASE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0CATSKILL MOUNTAIN HOUSING DEVELOPMENT COPRORATION AND ORCHARD HOUSING DEVELOPMENT FUND COMPANY, INC. SHARE THE SAME BOARD MEMBERS. CATSKILL MOUNTAIN HOUSING DEVELOPMENT CORPORATION PROVIDES MANAGEMENT AND BOOKKEEPING SERVICES TO ORCHARD HOUSING DEVELOPMENT FUND COMPANY, INC. AND LEASES THE PROPERTY TO ORCHARD HOUSING AS WELL.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT COMPANY, CATSKILL MOUNTAIN HOUSING DEVELOPMENT CORPORATION, RESPONSIBLE FOR MANAGEMENT OF HUD ASSISTED RENTAL FACILITY FOR ALL PHASES OF OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS FORM 990 PRIOR TO SUBMISSON AND APPROVES OR RATIFIES PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEWER 6,692 0 0 WATER 5,596 0 0 JANITOR AND CLEANING CONT 4,650 0 0 OTH ADMIN. SUPPORT EXPENS 4,474 0 0 ELEVATOR CONTRACT 3,771 0 0 GARBAGE AND TRASH REMOVAL 3,595 0 0 HVAC REPAIRS AND MAINTENA 3,419 0 0 SNOW REMOVAL 2,853 0 0 PROPERTY LEASE EXPENSE 2,640 0 0 SECURITY CONTRACT 2,505 0 0 TELEPHONE AND ANSWERING 2,501 0 0 GAS 2,176 0 0 BOOKKEEPING SERVICES 0 1,948 0 OTHER MAINTENANCE EXPENSE 1,763 0 0 VOUCHER SUBMISSION CONTRA 1,416 0 0 EXTERMINATING CONTRACT 1,150 0 0 REPAIRS EXPENSES 897 0 0 JANITOR AND CLEANING EXPE 490 0 0 FIRE INSPECTION SERVICES 430 0 0 FIDELITY BOND INSURANCE 170 0 0 FILING FEES 0 35 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01305967
IRS990/TotalAssetsEOYAmt01268937
IRS990/TotalAssetsGrp/BOYAmt01305967
IRS990/TotalAssetsGrp/EOYAmt01268937
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034308
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028306
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129386
IRS990/TotalFunctionalExpensesGrp/TotalAmt0157692
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01793786
IRS990/TotalLiabilitiesEOYAmt01804252
IRS990/TotalLiabilitiesGrp/BOYAmt01793786
IRS990/TotalLiabilitiesGrp/EOYAmt01804252
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-487819
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-535315
IRS990/TotalProgramServiceExpensesAmt0129386
IRS990/TotalProgramServiceRevenueAmt075888
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075888
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110196
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01305967
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01268937
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-487819
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-535315
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0411 MAIN STREET
IRS990/USAddress/CityNm0CATSKILL
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012414
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KARL HECK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05189436700
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ORCHARD HOUSING DEVELOPMENT FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0ORCH
ReturnHeader/Filer/EIN0311662706
ReturnHeader/Filer/PhoneNum05189436700
ReturnHeader/Filer/USAddress/AddressLine1Txt0448 MAIN STREETPO BOX 473
ReturnHeader/Filer/USAddress/CityNm0CATSKILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012414
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471943623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTING OFFICES OF TOM FUCITO CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 897
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAIRO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0124130897
ReturnHeader/PreparerPersonGrp/PhoneNum05186222844
ReturnHeader/PreparerPersonGrp/PreparationDt02015-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS FUCITO CPA
ReturnHeader/ReturnTs02015-05-14T14:22:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$1.78$0.93$0.17$0.20$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.89$1.78$0.89$0.14$0.19$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.94$1.78$0.84$0.14$0.19$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.98$1.77$0.79$0.14$0.16$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.01$1.78$0.77$0.13$0.18$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.06$1.78$0.72$0.13$0.17$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.10$1.79$0.69$0.12$0.17$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.15$1.80$0.64$0.12$0.16$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.19$1.80$0.60$0.12$0.16$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.22$1.80$0.57$0.11$0.15$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.27$1.80$0.54$0.11$0.16$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.31$1.79$0.49$0.11$0.15$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$1.79$0.45$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.03$1.35$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.02$1.39$0.15