Civic Intelligence

314 Hudson Street Corporation

EIN 31-1668520 • 501(c)3 • Syracuse, NY

Profile

To operate community residential facilities and services specifically designed to promote the health, security, happiness, and usefulness of such persons, but solely in connection with the project assisted under section 811 of the national affordable housing act.

314 Hudson StreetSyracuse, NY 13207

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.09x

Higher debt load relative to revenue than 61% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

7.7%

Higher net margin than 56% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE L21 • <$500k nonprofits • Source year 2024

Asset Growth

60th percentile

1.0%

Faster asset growth than 60% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

1.9%

Faster revenue growth than 51% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$461,694

Up $6,629 (+1.5%) from 2021

Liabilities

Up

$8,704

Up $857 (+11%) from 2021

Net Assets

Up

$452,990

Up $5,772 (+1.3%) from 2021

Revenue

Up

$79,797

Up $9,470 (+13%) from 2021

Expenses

Down

$74,025

Down $3,752 (-4.8%) from 2021

Net Income

Up

$5,772

Up $13,222 (+177%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $544,266Liabilities 2012: $4,819Net Assets 2012: $539,4472012Assets 2014: $533,184Liabilities 2014: $18,745Net Assets 2014: $514,4392014Assets 2015: $510,646Liabilities 2015: $7,856Net Assets 2015: $502,7902015Assets 2016: $495,831Liabilities 2016: $7,239Net Assets 2016: $488,5922016Assets 2017: $494,768Liabilities 2017: $12,558Net Assets 2017: $482,2102017Assets 2018: $486,334Liabilities 2018: $8,798Net Assets 2018: $477,5362018Assets 2019: $483,460Liabilities 2019: $9,097Net Assets 2019: $474,3632019Assets 2020: $461,621Liabilities 2020: $6,953Net Assets 2020: $454,6682020Assets 2021: $455,065Liabilities 2021: $7,847Net Assets 2021: $447,2182021Assets 2022: $461,694Liabilities 2022: $8,704Net Assets 2022: $452,9902022

Highlighted filing

2022

Assets$461,694
Liabilities$8,704
Net Assets$452,990

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KExpenses 2012: $60,5992012Revenue 2014: $60,924Expenses 2014: $59,519Net Income 2014: $1,4052014Revenue 2015: $55,136Expenses 2015: $66,785Net Income 2015: -$11,6492015Revenue 2016: $51,653Expenses 2016: $65,851Net Income 2016: -$14,1982016Revenue 2017: $56,817Expenses 2017: $63,199Net Income 2017: -$6,3822017Revenue 2018: $54,135Expenses 2018: $58,809Net Income 2018: -$4,6742018Revenue 2019: $61,405Expenses 2019: $64,578Net Income 2019: -$3,1732019Revenue 2020: $50,563Expenses 2020: $70,258Net Income 2020: -$19,6952020Revenue 2021: $70,327Expenses 2021: $77,777Net Income 2021: -$7,4502021Revenue 2022: $79,797Expenses 2022: $74,025Net Income 2022: $5,7722022

Highlighted filing

2022

Revenue$79,797
Expenses$74,025
Net Income$5,772

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 13, 2023
Return Version
2022v5.0
Gross Receipts
$79,797
Mission and Program Overview

Mission

To operate community residential facilities and services specifically designed to promote the health, security, happiness, and usefulness of such persons, but solely in connection with the project assisted under section 811 of the national affordable housing act.

Provides low-income housing for individuals and families with developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$396,505$378,444▼ $18,061
Accounts Receivable$56$6,129▲ $6,073
Cash and Non-Interest-Bearing Accounts$1,077$5,899▲ $4,822
Total Assets$455,065$461,694▲ $6,629
Other Assets Total$57,427$71,222▲ $13,795
Liabilities
Accounts Payable and Accrued Expenses$4,693$7,125▲ $2,432
Other Liabilities$3,154$1,579▼ $1,575
Total Liabilities$7,847$8,704▲ $857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$447,218$452,990▲ $5,772
Total Net Assets Fund Balance$447,218$452,990▲ $5,772
Total Liabilities and Net Assets / Fund Balance$455,065$461,694▲ $6,629

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$351,707$370,426$722,133
Equipment$18,675$10,749$29,424
Land$8,062-$8,062
Other Assets Org$1,323--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marion ErvinPresident
Mary WoodforkVice President
Ann JamisonDirector
Donna AikensDirector
Joseph WilsonDirector
Lawrence ThomasDirector
Rachel WrightSecretary
Rev Roosevelt BanasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$79,751
Investment Income
$6
Other Revenue
$40
Change in Net Assets
$5,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$79,797
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$79,797
Total Revenue per Form 990
$79,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,200
Salaries, Compensation, and Employee Benefits$9,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$21,561--$21,561
Fees for Services Management-$16,380-$16,380
Other Salaries and Wages-$9,825-$9,825
Occupancy$9,496--$9,496
Fees for Services Other$3,926$5,150-$9,076
Insurance$2,514--$2,514
Office Expenses-$1,166-$1,166
Other Expenses$1,650$126-$126
Total Functional Expenses$41,222$32,803$0$74,025

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$74,025
Total Expenses per Audited Statements$74,025
Total Expenses per Form 990$74,025
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
TENANTS' SECURITY DEPOSITS$1,323
Prepaid Rent$256
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Part VI, Section B, Line 11B

No review was or will be conducted.

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

Voluntary disclosure is required.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
314 Hudson Street Corporation
EIN
31-1668520
Phone
3154725110
Address
314 HUDSON STREET, SYRACUSE, NY 13207

Signing Officer

Name
Marion Ervin
Title
President
Phone
3154725110
Signed
2023-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marion Ervin
Formed
1976
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Audit expense: program service expenses 0. Management and general expenses 5,150. Fundraising expenses 0. Total expenses 5,150. Contracted maintenance: program service expenses 3,926. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,926.

FORM 990, PART XII, LINE 2C:

No changes have occurred in the audit oversight or independent accountant selection processes during the fiscal year ended december 31, 2022.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The organization has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The organization presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the organization has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the organization are subject to examination by taxing authorities.

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IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0569
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02246
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01336
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0416
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04607
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98530
IRS990ScheduleA/PublicSupportPY509Pct00.98270
IRS990ScheduleA/PublicSupportTotal509Amt0311565
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt079751
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt069752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt048305
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt060050
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt053707
IRS990ScheduleA/Total509Grp/TotalAmt0311565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt079797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt070327
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt050563
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt061405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt054135
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0316227
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0351707
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0370426
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0722133
IRS990ScheduleD/EquipmentGrp/BookValueAmt018675
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010749
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029424
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt074025
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08062
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08062
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt069899
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11323
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt079797
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0378444
IRS990ScheduleD/TotalBookValueOtherAssetsAmt071222
IRS990ScheduleD/TotalExpensesPerForm990Amt074025
IRS990ScheduleD/TotalLiabilityAmt01579
IRS990ScheduleD/TotalRevenuePerForm990Amt079797
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt079797
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt074025
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTARY DISCLOSURE IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDIT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,150. CONTRACTED MAINTENANCE: PROGRAM SERVICE EXPENSES 3,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,926.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES HAVE OCCURRED IN THE AUDIT OVERSIGHT OR INDEPENDENT ACCOUNTANT SELECTION PROCESSES DURING THE FISCAL YEAR ENDED DECEMBER 31, 2022.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0455065
IRS990/TotalAssetsEOYAmt0461694
IRS990/TotalAssetsGrp/BOYAmt0455065
IRS990/TotalAssetsGrp/EOYAmt0461694
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032803
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041222
IRS990/TotalFunctionalExpensesGrp/TotalAmt074025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07847
IRS990/TotalLiabilitiesEOYAmt08704
IRS990/TotalLiabilitiesGrp/BOYAmt07847
IRS990/TotalLiabilitiesGrp/EOYAmt08704
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0447218
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0452990
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt041222
IRS990/TotalProgramServiceRevenueAmt079751
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt079791
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt079797
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0455065
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0461694
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0314 HUDSON STREET
IRS990/USAddress/CityNm0SYRACUSE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013207
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARION ERVIN

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