Civic Intelligence

Son House Housing Development Fund Company Inc

990 • Fiscal year 2022 • EIN 45-4460312

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 13, 2023

Organization ProfileN/A
1150 Buffalo RoadRochester, NY 14624

(585) 328-3210

Siviq Scores

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

Liabilities / Assets

95th percentile

1.13x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

14.19x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

11th percentile

-30%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$147,571

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 55.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.0%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-4.7%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,302,162

Down $138,952 (-4.0%) from 2021

Net Assets

Down

-$443,049

Down $79,931 (-22%) from 2021

Liabilities

Down

$3,745,211

Down $59,021 (-1.6%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin11th percentile

Revenue

Down

$263,864

Down $13,093 (-4.7%) from 2021

Expenses

Up

$343,795

Up $31,965 (+10%) from 2021

Net Income

Down

-$79,931

Down $45,058 (-129%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $4,038,348Liabilities 2014: $4,151,173Net Assets 2014: -$112,8252014Assets 2015: $4,191,698Liabilities 2015: $4,282,741Net Assets 2015: -$91,0432015Assets 2016: $4,083,496Liabilities 2016: $4,216,176Net Assets 2016: -$132,6802016Assets 2017: $3,960,667Liabilities 2017: $4,132,595Net Assets 2017: -$171,9282017Assets 2018: $3,826,524Liabilities 2018: $4,060,316Net Assets 2018: -$233,7922018Assets 2019: $3,689,753Liabilities 2019: $3,973,886Net Assets 2019: -$284,1332019Assets 2020: $3,559,512Liabilities 2020: $3,887,757Net Assets 2020: -$328,2452020Assets 2021: $3,441,114Liabilities 2021: $3,804,232Net Assets 2021: -$363,1182021Assets 2022: $3,302,162Liabilities 2022: $3,745,211Net Assets 2022: -$443,0492022Assets 2023: $3,162,985Liabilities 2023: $3,687,584Net Assets 2023: -$524,5992023Assets 2024: $3,045,685Liabilities 2024: $3,680,252Net Assets 2024: -$634,5672024

Highlighted filing

2022

Assets$3,302,162
Liabilities$3,745,211
Net Assets-$443,049
Open 2022 Filing

Operations Trend

Revenue Growth33rd percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $242,061Expenses 2014: $348,935Net Income 2014: -$106,8742014Revenue 2015: $323,616Expenses 2015: $301,834Net Income 2015: $21,7822015Revenue 2016: $258,700Expenses 2016: $300,337Net Income 2016: -$41,6372016Revenue 2017: $260,165Expenses 2017: $299,413Net Income 2017: -$39,2482017Revenue 2018: $255,713Expenses 2018: $317,577Net Income 2018: -$61,8642018Revenue 2019: $260,889Expenses 2019: $311,230Net Income 2019: -$50,3412019Revenue 2020: $274,092Expenses 2020: $318,204Net Income 2020: -$44,1122020Revenue 2021: $276,957Expenses 2021: $311,830Net Income 2021: -$34,8732021Revenue 2022: $263,864Expenses 2022: $343,795Net Income 2022: -$79,9312022Revenue 2023: $290,375Expenses 2023: $371,925Net Income 2023: -$81,5502023Revenue 2024: $314,524Expenses 2024: $424,492Net Income 2024: -$109,9682024

Highlighted filing

2022

Revenue$263,864
Expenses$343,795
Net Income-$79,931
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 13, 2023
Return Version
2022v5.0
Gross Receipts
$263,864
Mission and Program Overview

Mission

To provide quality supportive housing to low and very low income homeless individuals.

Operate 21 rental units for low income individuals in the City of Rochester.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,152,213$3,003,380▼ $148,833
Savings and Temporary Cash Investments$245,360$250,539▲ $5,179
Cash and Non-Interest-Bearing Accounts$18,359$20,721▲ $2,362
Accounts Receivable$12,723$13,729▲ $1,006
Prepaid Expenses and Deferred Charges$9,717$11,051▲ $1,334
Total Assets$3,441,114$3,302,162▼ $138,952
Other Assets Total$2,742$2,742→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,499,952$3,414,224▼ $85,728
Other Liabilities$260,337$284,898▲ $24,561
Accounts Payable and Accrued Expenses$40,937$43,323▲ $2,386
Escrow Account Liability$2,742$2,742→ $0
Deferred Revenue$264$24▼ $240
Total Liabilities$3,804,232$3,745,211▼ $59,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-363,118$-443,049▼ $79,931
Total Net Assets Fund Balance$-363,118$-443,049▼ $79,931
Total Liabilities and Net Assets / Fund Balance$3,441,114$3,302,162▼ $138,952

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,987,276$1,290,313$4,277,589
Equipment$10,104$52,361$62,465
Land$6,000-$6,000
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleOtherTotal
Dan SturgisTreasurer$147,571$147,571
Helen BianchiSecretary$146,179$146,179
Mark GreisbergerPresident$74,389$74,389

Board Members and Trustees

NameTitle
Lisa LewisDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$177,976
Investment Income
$128
Other Revenue
$85,760
Change in Net Assets
$-79,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,795
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$148,833--$148,833
Occupancy$81,607--$81,607
Fees for Services Other$62,225$1,470-$63,695
Fees for Services Management-$15,634-$15,634
Insurance$15,127--$15,127
Office Expenses$2,675$8,006-$10,681
Interest$2,520--$2,520
Travel$919--$919
Fees for Services Legal-$325-$325
Advertising$206--$206
Other Expenses$25$4,223-$25
Total Functional Expenses$314,137$29,658$0$343,795
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
Long Term Debt Due to Affiliate$241,625
Due to Affiliate$43,273
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The Organization is managed by Providence Housing Development Corporation, the supported organization.”

Form 990, Part VI, Section A, line 6

“Providence Housing Development Corporation is the sole member of the Organization.”

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

“Providence Housing Development Corporation has the right to appoint members of the Organization's Board of Directors.”

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

“There are no other committees besides the full board.”

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

“The draft 990 report was sent electronically to all board members. Responses were received and evaluated if there were questions prior to filing the report.”

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

“Employee compliance with the conflict of interest policy is reviewed annually with all employees of the parent corporation at a general meeting. Each employee signs a form to reaffirm his/her understanding of the policy. Board members are asked to acknowledge their compliance annually with forms returned to the Secretary of the Board rather than management.”

Form 990, Part VI, Section B, line 15

“Son House Housing Development Fund Company, Inc. does not have any direct compensation expense since all employees are officially employed by the parent company, Providence Housing Development Corporation. The wages and benefits of all top management employees are determined by the board of the parent company, Providence Housing Development Corporation. The process includes independent review, comparability data, and deliberation by the board.”

Form 990, Part VI, Section C, line 19

“All documents will be made available for public inspection based on the requirements of applicable law.”

Filing and Contact Details

Filer

Filer Name
Son House Housing Development
EIN
45-4460312
Phone
5853283210
Address
1150 Buffalo Road, Rochester, NY 14624

Signing Officer

Name
Dan Sturgis
Title
Treasurer
Phone
5853283210
Signed
2023-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Sturgis
Formed
2012
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
4

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Daniel O'Dea
Phone
5852322956
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Contracted Program Management: Program service expenses 62,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,225. Other Professional Fees: Program service expenses 0. Management and general expenses 1,470. Fundraising expenses 0. Total expenses 1,470.”

Financial Statement Notes

Part IV, Line 2B:

“The escrow represents security deposits held for the Organization's tenants.”

Raw XML AppendixShowing 400 of 941 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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IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02987276
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01290313
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04277589
IRS990ScheduleD/EquipmentGrp/BookValueAmt010104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052361
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062465
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1241625
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Affiliate
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Long Term Debt Due to Affiliate
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The escrow represents security deposits held for the Organization's tenants.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03003380
IRS990ScheduleD/TotalLiabilityAmt0284898
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is managed by Providence Housing Development Corporation, the supported organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Providence Housing Development Corporation is the sole member of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Providence Housing Development Corporation has the right to appoint members of the Organization's Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no other committees besides the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The draft 990 report was sent electronically to all board members. Responses were received and evaluated if there were questions prior to filing the report.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Employee compliance with the conflict of interest policy is reviewed annually with all employees of the parent corporation at a general meeting. Each employee signs a form to reaffirm his/her understanding of the policy. Board members are asked to acknowledge their compliance annually with forms returned to the Secretary of the Board rather than management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Son House Housing Development Fund Company, Inc. does not have any direct compensation expense since all employees are officially employed by the parent company, Providence Housing Development Corporation. The wages and benefits of all top management employees are determined by the board of the parent company, Providence Housing Development Corporation. The process includes independent review, comparability data, and deliberation by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7All documents will be made available for public inspection based on the requirements of applicable law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Contracted Program Management: Program service expenses 62,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,225. Other Professional Fees: Program service expenses 0. Management and general expenses 1,470. Fundraising expenses 0. Total expenses 1,470.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, line 11g
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd170
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt7Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt8Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt9Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt10Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt11Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt12Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt13Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt14Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt15Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt16Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt17Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt18Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt19Providence Housing Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0464643857
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,302,162
Liabilities
$3,745,211
Net assets
-$443,049
Revenue
$263,864
Expenses
$343,795
Net income
-$79,931
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.05$3.68$0.63$0.31$0.42$0.11
2023Detailed filing. Detailed filing data is available for this year.$3.16$3.69$0.52$0.29$0.37$0.08
2022Detailed filing. Detailed filing data is available for this year.$3.30$3.75$0.44$0.26$0.34$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.44$3.80$0.36$0.28$0.31$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.56$3.89$0.33$0.27$0.32$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.69$3.97$0.28$0.26$0.31$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.83$4.06$0.23$0.26$0.32$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.96$4.13$0.17$0.26$0.30$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.08$4.22$0.13$0.26$0.30$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.19$4.28$0.09$0.32$0.30$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.04$4.15$0.11$0.24$0.35$0.11