Civic Intelligence

Cccf River Glen Holdings Inc

990 • Fiscal year 2017 • EIN 45-3618488

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 15, 2018

197 Franklin StreetAuburn, NY 13021

(315) 294-8627

Siviq Scores

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

Liabilities / Assets

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

248.87x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

1st percentile

-2965%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

36th percentile

$91,800

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 278.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

31st percentile

-0.9%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-94%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$9,425,620

Down $86,145 (-0.9%) from 2016

Net Assets

Down

$1,231,516

Down $976,301 (-44%) from 2016

Liabilities

Up

$8,194,104

Up $890,156 (+12%) from 2016

Revenue

Down

$32,925

Down $499,484 (-94%) from 2016

Expenses

Up

$1,009,226

Up $50,101 (+5.2%) from 2016

Net Income

Down

-$976,301

Down $549,585 (-129%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $9,989,367Liabilities 2013: $8,444,588Net Assets 2013: $1,544,7792013Assets 2014: $9,665,251Liabilities 2014: $7,674,951Net Assets 2014: $1,990,3002014Assets 2015: $9,718,579Liabilities 2015: $7,084,046Net Assets 2015: $2,634,5332015Assets 2016: $9,511,765Liabilities 2016: $7,303,948Net Assets 2016: $2,207,8172016Assets 2017: $9,425,620Liabilities 2017: $8,194,104Net Assets 2017: $1,231,5162017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$9,425,620
Liabilities$8,194,104
Net Assets$1,231,516

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2013: $1,232,643Expenses 2013: $836,245Net Income 2013: $396,3982013Revenue 2014: $1,210,739Expenses 2014: $765,218Net Income 2014: $445,5212014Revenue 2015: $1,354,981Expenses 2015: $710,747Net Income 2015: $644,2342015Revenue 2016: $532,409Expenses 2016: $959,125Net Income 2016: -$426,7162016Revenue 2017: $32,925Expenses 2017: $1,009,226Net Income 2017: -$976,3012017Revenue 2018: $0Expenses 2018: $23,946Net Income 2018: -$23,9462018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2017

Revenue$32,925
Expenses$1,009,226
Net Income-$976,301
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 15, 2018
Return Version
2016v3.0
Gross Receipts
$32,925
Mission and Program Overview

Mission

Hold title and collect income from real property for the benefit of the foundation and the college.

To hold title and collect income from real property for the benefit of the cayuga county community college foundation, inc. And cayuga community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,674,795$8,445,816▼ $228,979
Cash and Non-Interest-Bearing Accounts$334,005$266,465▼ $67,540
Total Assets$9,511,765$9,425,620▼ $86,145
Other Assets Total$502,965$713,339▲ $210,374
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,757,678$6,757,678→ $0
Accounts Payable and Accrued Expenses$363,897$1,083,379▲ $719,482
Escrow Account Liability$87,590$353,047▲ $265,457
Deferred Revenue$88,008--
Other Liabilities$6,775$0▼ $6,775
Total Liabilities$7,303,948$8,194,104▲ $890,156
Net Assets / Fund Balance
Unrestricted Net Assets$2,207,817$1,231,516▼ $976,301
Total Net Assets Fund Balance$2,207,817$1,231,516▼ $976,301
Total Liabilities and Net Assets / Fund Balance$9,511,765$9,425,620▼ $86,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,615,816$1,314,355$8,930,171
Land$830,000-$830,000
Other Assets Org$713,339--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Guy Thomas CosentinoExecutive DirectorPT$91,800$91,800

Board Members and Trustees

NameTitle
Kelley GridleyPresident
Christopher ToddVice President
John LatanyshynVice President
Aliza QuernsSecretary
Lloyd HoskinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$32,925
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-976,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,009,226
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
Interest$731,571--$731,571
Depreciation Depletion$228,979--$228,979
Fees for Services Legal-$47,907-$47,907
Fees for Services Accounting-$400-$400
Other Expenses$250$119-$119
Total Functional Expenses$960,800$48,426$0$1,009,226
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
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
No
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 6

The cayuga county community college foundation, inc. Is the sole member of the corporation.

Form 990, Part VI, Section A, Line 7A

The cayuga county community college foundation, inc., as sole member of the corporation, has the right to appoint all members of the governing body of the corporation.

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

The form 990 is reviewed in detail by the executive director, president, and treasurer of the corporation, who recommend to the board of directors that it be approved. The board of directors is then aprovided with the form 990 and votes to approve of its filing based on its own review and the recommendation of the executive director, president, and treasurer.

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

Directors and officers must disclose any actual or possible conflicts, and the nature thereof, to the president of the corporation annually, or as such situations may arise. Disclosures may also be made to the board as a whole or to the finance committee when it is acting in its role as the corporation's audit committee. The corporation shall document the existence and the resolution of any and all conflicts in its corporate records.

Form 990, Part VI, Section C, Line 19

All organizational, governing, and financial documents are available for public inspection during regular working hours at the corporation's office.

Filing and Contact Details

Filer

Filer Name
Cccf River Glen Holdings Inc
EIN
45-3618488
Phone
3152948627
Address
197 FRANKLIN STREET, AUBURN, NY 13021

Signing Officer

Name
Kelley Gridley
Title
President
Phone
3152948627
Signed
2018-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guy Thomas Cosentino
Formed
2011
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

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

Financial Statement Notes

PART IV, LINE 2B:

One of the corporation's tenants is responsible for insurance and real estate taxes on the rented property. The tenant remits funds monthly to the corporation for this purpose, which the corporation deposits into escrow. Until these funds are utilized to pay insurance and real estate taxes as they come due, the corporation maintains a liability to the tenant.

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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/SupplementalInformationDetail/ExplanationTxt0ONE OF THE CORPORATION'S TENANTS IS RESPONSIBLE FOR INSURANCE AND REAL ESTATE TAXES ON THE RENTED PROPERTY. THE TENANT REMITS FUNDS MONTHLY TO THE CORPORATION FOR THIS PURPOSE, WHICH THE CORPORATION DEPOSITS INTO ESCROW. UNTIL THESE FUNDS ARE UTILIZED TO PAY INSURANCE AND REAL ESTATE TAXES AS THEY COME DUE, THE CORPORATION MAINTAINS A LIABILITY TO THE TENANT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CAYUGA COUNTY COMMUNITY COLLEGE FOUNDATION, INC. IS THE SOLE MEMBER OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CAYUGA COUNTY COMMUNITY COLLEGE FOUNDATION, INC., AS SOLE MEMBER OF THE CORPORATION, HAS THE RIGHT TO APPOINT ALL MEMBERS OF THE GOVERNING BODY OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED IN DETAIL BY THE EXECUTIVE DIRECTOR, PRESIDENT, AND TREASURER OF THE CORPORATION, WHO RECOMMEND TO THE BOARD OF DIRECTORS THAT IT BE APPROVED. THE BOARD OF DIRECTORS IS THEN APROVIDED WITH THE FORM 990 AND VOTES TO APPROVE OF ITS FILING BASED ON ITS OWN REVIEW AND THE RECOMMENDATION OF THE EXECUTIVE DIRECTOR, PRESIDENT, AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS AND OFFICERS MUST DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS, AND THE NATURE THEREOF, TO THE PRESIDENT OF THE CORPORATION ANNUALLY, OR AS SUCH SITUATIONS MAY ARISE. DISCLOSURES MAY ALSO BE MADE TO THE BOARD AS A WHOLE OR TO THE FINANCE COMMITTEE WHEN IT IS ACTING IN ITS ROLE AS THE CORPORATION'S AUDIT COMMITTEE. THE CORPORATION SHALL DOCUMENT THE EXISTENCE AND THE RESOLUTION OF ANY AND ALL CONFLICTS IN ITS CORPORATE RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL ORGANIZATIONAL, GOVERNING, AND FINANCIAL DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION DURING REGULAR WORKING HOURS AT THE CORPORATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
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 C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE CAYUGA COUNTY COMMUNITY COLLEGE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222413804
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENHANCE AND PROVIDE ASSISTANCE FOR EDUCATIONAL AND OTHER PROGRAMS OF CCC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0197 FRANKLIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AUBURN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd013021
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09511765
IRS990/TotalAssetsEOYAmt09425620
IRS990/TotalAssetsGrp/BOYAmt09511765
IRS990/TotalAssetsGrp/EOYAmt09425620
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048426
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0960800
IRS990/TotalFunctionalExpensesGrp/TotalAmt01009226
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07303948
IRS990/TotalLiabilitiesEOYAmt08194104
IRS990/TotalLiabilitiesGrp/BOYAmt07303948
IRS990/TotalLiabilitiesGrp/EOYAmt08194104
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02207817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01231516
IRS990/TotalOtherCompensationAmt06800
IRS990/TotalProgramServiceExpensesAmt0960800
IRS990/TotalProgramServiceRevenueAmt032925
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032925
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032925
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09511765
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09425620
IRS990/TotReportableCompRltdOrgAmt085000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02207817
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01231516
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0197 FRANKLIN STREET
IRS990/USAddress/CityNm0AUBURN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013021
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLEY GRIDLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03152948627
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CCCF RIVER GLEN HOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0CCCF
ReturnHeader/Filer/EIN0453618488
ReturnHeader/Filer/PhoneNum03152948627
ReturnHeader/Filer/USAddress/AddressLine1Txt0197 FRANKLIN STREET
ReturnHeader/Filer/USAddress/CityNm0AUBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013021
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F810F9FE0C4C4DAD171A8C8E72DF89C05E51BF9A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0226600D17EB1AD1FA0DB4D51F06232CD58F1326B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt04.14.157.194
ReturnHeader/FilingSecurityInformation/IPDt02018-01-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:00:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161131146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BONADIO & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0171 SULLYS TRAIL SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014534
ReturnHeader/PreparerPersonGrp/PhoneNum05853811000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN MILLER
ReturnHeader/ReturnTs02018-01-15T13:57:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

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