Civic Intelligence

LP 1 a Reit Inc

990 • Fiscal year 2015 • EIN 45-2991775

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 03, 2016

Organization ProfileN/A
PO Box 5005New York, NY 10163-5005

(212) 648-0204

Siviq Scores

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

Liabilities / Assets

68th percentile

0.50x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

5.24x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Source year 2015

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

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

2015 filings • $50M-$100M nonprofits • Source year 2015

Asset Growth

47th percentile

1.3%

Faster asset growth than 47% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

1.2%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$86,881,158

Up $1,156,859 (+1.3%) from 2014

Net Assets

Up

$43,781,577

Up $944,463 (+2.2%) from 2014

Liabilities

Up

$43,099,581

Up $212,396 (+0.5%) from 2014

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin83rd percentile

Revenue

Up

$8,223,826

Up $94,232 (+1.2%) from 2014

Expenses

Up

$5,599,962

Up $404,607 (+7.8%) from 2014

Net Income

Down

$2,623,864

Down $310,375 (-11%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$100M$50M$0Assets 2013: $85,134,886Liabilities 2013: $1,855,351Net Assets 2013: $83,279,5352013Assets 2014: $85,724,299Liabilities 2014: $42,887,185Net Assets 2014: $42,837,1142014Assets 2015: $86,881,158Liabilities 2015: $43,099,581Net Assets 2015: $43,781,5772015Assets 2016: $85,151,493Liabilities 2016: $40,898,383Net Assets 2016: $44,253,1102016Assets 2017: $88,264,280Liabilities 2017: $43,012,385Net Assets 2017: $45,251,8952017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$86,881,158
Liabilities$43,099,581
Net Assets$43,781,577
Open 2015 Filing

Operations Trend

Revenue Growth43rd percentile

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

$10M$5.0M$0Revenue 2013: $8,028,468Expenses 2013: $6,007,052Net Income 2013: $2,021,4162013Revenue 2014: $8,129,594Expenses 2014: $5,195,355Net Income 2014: $2,934,2392014Revenue 2015: $8,223,826Expenses 2015: $5,599,962Net Income 2015: $2,623,8642015Revenue 2016: $8,246,866Expenses 2016: $5,801,222Net Income 2016: $2,445,6442016Revenue 2017: $7,928,084Expenses 2017: $5,829,884Net Income 2017: $2,098,2002017Revenue 2018: $8,037,697Expenses 2018: $5,963,406Net Income 2018: $2,074,2912018

Highlighted filing

2015

Revenue$8,223,826
Expenses$5,599,962
Net Income$2,623,864
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$8,223,826
Mission and Program Overview

Mission

SEE STATEMENT 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$160,675,725$160,675,724▼ $1
Land, Buildings, and Equipment, Net$83,073,822$83,743,990▲ $670,168
Cash and Non-Interest-Bearing Accounts$2,568,632$2,867,233▲ $298,601
Prepaid Expenses and Deferred Charges$5,539$170,897▲ $165,358
Accounts Receivable$16,832$39,564▲ $22,732
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-117,838,611$-116,894,147▲ $944,464
Total Assets$85,724,299$86,881,158▲ $1,156,859
Other Assets Total$59,474$59,474→ $0
Liabilities
Other Liabilities$6,122$42,600,254▲ $42,594,132
Mortgage Notes Payable Secured by Investment Property$40,360,000$0▼ $40,360,000
Accounts Payable and Accrued Expenses$2,521,063$499,327▼ $2,021,736
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$42,887,185$43,099,581▲ $212,396
Net Assets / Fund Balance
Total Net Assets Fund Balance$42,837,114$43,781,577▲ $944,463
Total Liabilities and Net Assets / Fund Balance$85,724,299$86,881,158▲ $1,156,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$67,110,079--
Other Land Buildings$130,598--
Land$16,460,582--
Equipment$42,731--
Leasehold Improvements$0--
Compensation and Service Providers
Top Officer Pay10th percentile

Board Members and Trustees

NameTitle
Statement 2Statement 2

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,223,786
Investment Income
$40
Other Revenue
$0
Change in Net Assets
$2,623,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,599,962
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$3,407,380--$3,407,380
Interest$1,767,771--$1,767,771
Other Expenses$11,502--$11,502
Total Functional Expenses$5,599,962$0$0$5,599,962
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$40,367,614
Taxes Payable$2,083,981
Security Deposits Payable$145,043
Unearned Rent$3,616
Governance and Compliance

Governance Checklist

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

Governance Explanations

Part VI

“6) the stockholders / members are pension trusts described in and exempt from federal income tax under section 401 and 501 of the internal revenue code of 1954. 7a) members/ stockholders hold annual elections for members of the governing body. 7b) the business of the corporation shall be managed by its board of directors or members. 8b) there are no committees or delegation of authority within the governing body. Decisions are made by the members of the governing body. 11b) the 990 is reviewed by the signer who is also a member of the governing body. 19) no documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Amalfi Apartment Corporation
EIN
45-2991775
In Care Of
% JOSEPH PISTONE
Phone
2126480204
Address
PO BOX 5005, NEW YORK, NY 10163-5005

Signing Officer

Name
Joseph Pistone
Title
Executive Director
Phone
2126480204
Signed
2016-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Pistone
Formed
2011
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
300 MADISON AVENUE, New York, NY 10017
Preparer
Paul Ryan
Phone
6464713000
Supplemental Narrative

Additional Explanations

Part XI

“9) Net Contribution/(Distribution) and Fmv Adjustment: -1,679,401.”

Form 990 Part IX Line 24 - Other Expenses

“Description:repairs total expenses:257016 program services:257016”

Form 990 Part IX Line 24 - Other Expenses

“Description:taxes total expenses:2088369 program services:2088369”

Form 990 Part IX Line 24 - Other Expenses

“Description:utilities total expenses:-24442 program services:-24442”

Form 990 Part IX Line 24 - Other Expenses

“Description:wages & salaries total expenses:548875 program services:548875”

Form 990 Part IX Line 24 - Other Expenses

“Description:bad debt total expenses:19730 program services:19730”

Form 990 Part IX Line 24 - Other Expenses

“Description:property management fees total expenses:163949 program services:163949”

Form 990 Part IX Line 24 - Other Expenses

“Description:general & administrative total expenses:224231 program services:224231”

Form 990 Part IX Line 24 - Other Expenses

“Description:security total expenses:67044 program services:67044”

Form 990 Part IX Line 24 - Other Expenses

“Description:landscaping total expenses:62608 program services:62608”

Raw XML AppendixShowing 400 of 1,190 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/ExplanationTxt06) THE STOCKHOLDERS / MEMBERS ARE PENSION TRUSTS DESCRIBED IN AND EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 401 AND 501 OF THE INTERNAL REVENUE CODE OF 1954. 7A) MEMBERS/ STOCKHOLDERS HOLD ANNUAL ELECTIONS FOR MEMBERS OF THE GOVERNING BODY. 7B) THE BUSINESS OF THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS OR MEMBERS. 8B) THERE ARE NO COMMITTEES OR DELEGATION OF AUTHORITY WITHIN THE GOVERNING BODY. DECISIONS ARE MADE BY THE MEMBERS OF THE GOVERNING BODY. 11B) THE 990 IS REVIEWED BY THE SIGNER WHO IS ALSO A MEMBER OF THE GOVERNING BODY. 19) NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19) Net Contribution/(Distribution) and Fmv Adjustment: -1,679,401.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION:REPAIRS TOTAL EXPENSES:257016 PROGRAM SERVICES:257016
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:TAXES TOTAL EXPENSES:2088369 PROGRAM SERVICES:2088369
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:UTILITIES TOTAL EXPENSES:-24442 PROGRAM SERVICES:-24442
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:WAGES & SALARIES TOTAL EXPENSES:548875 PROGRAM SERVICES:548875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:BAD DEBT TOTAL EXPENSES:19730 PROGRAM SERVICES:19730
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:PROPERTY MANAGEMENT FEES TOTAL EXPENSES:163949 PROGRAM SERVICES:163949
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:GENERAL & ADMINISTRATIVE TOTAL EXPENSES:224231 PROGRAM SERVICES:224231
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:SECURITY TOTAL EXPENSES:67044 PROGRAM SERVICES:67044
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:LANDSCAPING TOTAL EXPENSES:62608 PROGRAM SERVICES:62608
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0111 N Canal Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11918 Eighth Avenue Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21940 USG Acquisition Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt32700 Ellis Road Acquisition Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt43801 PGA Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5401 East Las Olas Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6425 Boylan Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt74700 Nalle Woods Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt84S Ranch Apartment Holdings Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9555 11th Street Mezz Lender LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt105900 Carlson Ave Acquisition Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt117108 Fairway Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt127111 Fairway Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt137121 Fairway Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14818 Stewart Street Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15Amalfi Apartment Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16AT Industrial Owner Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17Atlantic Office Acquisition Company Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18Avenel Realty Co Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19Batavia Acquisition Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20Borders Industrial Acquisition Corporati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21Broadpine Realty Holding Company Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22Cape May Harveston Co Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23Concar Acquisition Company Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt24Domain CC Phase II Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt25Domain CC Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt26Eight Corporate Centre Acquisition Compa
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt27Elizabeth Square Acquisition Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt28Equinox Apartment Holdings LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,881,158
Liabilities
$43,099,581
Net assets
$43,781,577
Revenue
$8,223,826
Expenses
$5,599,962
Net income
$2,623,864
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$8.04$5.96$2.07
2017Detailed filing. Detailed filing data is available for this year.$88.3$43.0$45.3$7.93$5.83$2.10
2016Summary only. Only limited summary data is available for this year.$85.2$40.9$44.3$8.25$5.80$2.45
2015Detailed filing. Detailed filing data is available for this year.$86.9$43.1$43.8$8.22$5.60$2.62
2014Summary only. Only limited summary data is available for this year.$85.7$42.9$42.8$8.13$5.20$2.93
2013Summary only. Only limited summary data is available for this year.$85.1$1.86$83.3$8.03$6.01$2.02