Civic Intelligence

Greater Syracuse Property Development Corporation

990 • Fiscal year 2014 • EIN 46-2382007

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

431 E Fayette Street No 375Syracuse, NY 13202

(315) 422-2301

Siviq Scores

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

Liabilities / Assets

56th percentile

0.16x

Higher debt load relative to assets than 56% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.15x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

96th percentile

122%

Faster asset growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

132%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,723,978

Up $2,049,313 (+122%) from 2013

Net Assets

Up

$3,129,415

Up $1,613,793 (+106%) from 2013

Liabilities

Up

$594,563

Up $435,520 (+274%) from 2013

Revenue

Up

$3,903,585

Up $2,223,023 (+132%) from 2013

Expenses

Up

$2,289,792

Up $2,124,852 (+1288%) from 2013

Net Income

Up

$1,613,793

Up $98,171 (+6.5%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $1,674,665Liabilities 2013: $159,043Net Assets 2013: $1,515,6222013Assets 2014: $3,723,978Liabilities 2014: $594,563Net Assets 2014: $3,129,4152014Assets 2015: $5,706,881Liabilities 2015: $1,344,543Net Assets 2015: $4,362,3382015Assets 2016: $6,177,735Liabilities 2016: $1,227,324Net Assets 2016: $4,950,4112016Assets 2017: $6,042,694Liabilities 2017: $1,290,368Net Assets 2017: $4,752,3262017

Highlighted filing

2014

Assets$3,723,978
Liabilities$594,563
Net Assets$3,129,415

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,680,562Expenses 2013: $164,940Net Income 2013: $1,515,6222013Revenue 2014: $3,903,585Expenses 2014: $2,289,792Net Income 2014: $1,613,7932014Revenue 2015: $6,108,154Expenses 2015: $5,355,311Net Income 2015: $752,8432015Revenue 2016: $4,854,079Expenses 2016: $5,034,916Net Income 2016: -$180,8372016Revenue 2017: $3,813,121Expenses 2017: $4,025,941Net Income 2017: -$212,8202017

Highlighted filing

2014

Revenue$3,903,585
Expenses$2,289,792
Net Income$1,613,793
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$4,363,173
Mission and Program Overview

Mission

To address the problems of vacant, abandoned, or tax delinquent property in the city of syracuse and the county of onondaga in a coordinated manner through the acquisition of real property pursuant to new york not-for-profit corporations law section 1608 and returning that property to productive use in order to strengthen the economy, improve the quality of life, and improve the financial condition of the municipalities, through the use of the powers and tools granted to land banks by the laws of the state of new york.

The organization's mission is to address the problems of vacant, abandoned, or tax delinquent property in the city of syracuse and the county of onondaga in a coordinated manner through the acquisition of real property pursuant to new york not-for-profit corporations law section 1608 and returning that property to productive use in order to strengthen the economy, improve the quality of life, and improve the financial condition of the municipalities, through the use of the powers and tools granted to land banks by the laws of the state of new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,515,622$3,129,415▲ $1,613,793
Cash and Non-Interest-Bearing Accounts$874,799$2,452,280▲ $1,577,481
Pledges and Grants Receivable$666,667$666,667→ $0
Inventories for Sale or Use$75,163$534,329▲ $459,166
Prepaid Expenses and Deferred Charges$33,334$44,825▲ $11,491
Land, Buildings, and Equipment, Net$24,677$24,252▼ $425
Accounts Receivable-$1,600-
Savings and Temporary Cash Investments$25$25→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,674,665$3,723,978▲ $2,049,313
Liabilities
Deferred Revenue$83,333$422,725▲ $339,392
Accounts Payable and Accrued Expenses$75,710$168,488▲ $92,778
Other Liabilities$0$3,350▲ $3,350
Total Liabilities$159,043$594,563▲ $435,520
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,515,622$3,129,415▲ $1,613,793
Total Liabilities and Net Assets / Fund Balance$1,674,665$3,723,978▲ $2,049,313

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,110$6,661$21,771
Buildings$9,142$58-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vito SciscioliChair
Julie CerioVice Chair
James CorbettDirector
Dwight HicksSecretary
Daniel BarnabaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Home Headquarters INCProperty Demolition And Renovation990 JAMES STREET, Syracuse, NY 13203$508,695
Tempo Enterprises LLCProperty Management305 NORTH CROUSE AVE, Syracuse, NY 13203$307,899
Willowbank CompanyProperty ManagementPO BOX 37200, Syracuse, NY 13235$182,185
Unltraclean INCProperty Deconstruction200 WARING ROAD, Syracuse, NY 13224$149,054
Cny Affordable Realty INCProperty Management990 JAMES STREET, Syracuse, NY 13203$102,894
Revenue and Support

Revenue Composition

Contributions and Grants
$3,272,758
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$630,827
All Other Contributions
$887,150
Change in Net Assets
$1,613,793

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential6$185,4051/2 of Appraised Value
Total Noncash Contributions6$185,405-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,903,585
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$455,653
Total Revenue per Audited Statements
$4,359,238
Total Revenue per Form 990
$3,903,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,120,861
Salaries, Compensation, and Employee Benefits$168,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$136,138-$136,138
Insurance$66,842$45,279-$112,121
Fees for Services Legal-$85,216-$85,216
Fees for Services Accounting-$79,912-$79,912
Other Employee Benefits-$16,620-$16,620
Fees for Services Other$11,801$1,224-$13,025
Payroll Taxes-$11,638-$11,638
Interest-$6,803-$6,803
Office Expenses-$6,494-$6,494
Depreciation Depletion-$4,867-$4,867
All Other Expenses$1,650$3,123-$4,773
Pension Plan Contributions-$4,535-$4,535
Advertising-$3,941-$3,941
Other Expenses$3,553--$3,553
Travel-$2,172-$2,172
Total Functional Expenses$1,881,830$407,962$0$2,289,792

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,745,445
Expenses per Audited Statements$2,289,792
Total Expenses per Form 990$2,289,792
Expenses Not Reported on Form 990$455,653
Expenses Not Reported on Financial Statements$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
Down Payment on Property Sales$3,350
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11

The organization's governing body reviews the return and resolves any questions regarding the return before it is filed.

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

The secretary of the corporation distributes annually to all directors, officers and key employees a form soliciting the disclosure of all conflicts of interest, including specific information concerning the terms of any contract or transaction with the corporation and whether the process for approval set forth in the policy was used. Such disclosure form may require disclosure of other relationships that may not constitute an actual conflict of interest, but which are required to be disclosed in order for the corporation to comply with its annual reporting requirements. Following receipt of information the board will consider the material facts concerning the proposed contract or transaction. The board will approve only those contracts or transactions in which the terms are fair and reasonable to the corporation and the arrangements are consistent with the best interests of the corporation. The board will set forth the basis for its decision with respect to approval of contracts or transactions involving conflicts of interest in the minutes of the meeting at which the decision is made.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request and may be accessed online at www.syracuselandbank.org/about.

Filing and Contact Details

Filer

Filer Name
Greater Syracuse Property Development Corporation
EIN
46-2382007
Phone
3154222301
Address
431 E FAYETTE STREET NO 375, SYRACUSE, NY 13202
Doing Business As
Greater Syracuse Land Bank

Signing Officer

Name
Vito Sciscioli
Title
Chair
Phone
3154222301
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vito Sciscioli
Formed
2012
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
0

Preparer

Firm
Bowers & Company Cpas Pllc
Address
120 MADISON ST - 1700 AXA TOWER II, SYRACUSE, NY 13202
Preparer
Patricia L Mills
Phone
3152341100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In 2014 the land bank facilitated the demolition of 30 dilapidated and hazardous abandoned structures. In addition, they obtained grant funding from the office of the ny attorney general to renovate homes for low-income owner occupants and, with their co-development partner, completed the renovation of ten of these homes in 2014.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Amounts included in rental and cogs revenue sections 455,653.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Amounts included in rental and cogs revenue sections 455,653.

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IRS990/MissionDesc0TO ADDRESS THE PROBLEMS OF VACANT, ABANDONED, OR TAX DELINQUENT PROPERTY IN THE CITY OF SYRACUSE AND THE COUNTY OF ONONDAGA IN A COORDINATED MANNER THROUGH THE ACQUISITION OF REAL PROPERTY PURSUANT TO NEW YORK NOT-FOR-PROFIT CORPORATIONS LAW SECTION 1608 AND RETURNING THAT PROPERTY TO PRODUCTIVE USE IN ORDER TO STRENGTHEN THE ECONOMY, IMPROVE THE QUALITY OF LIFE, AND IMPROVE THE FINANCIAL CONDITION OF THE MUNICIPALITIES, THROUGH THE USE OF THE POWERS AND TOOLS GRANTED TO LAND BANKS BY THE LAWS OF THE STATE OF NEW YORK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01515622
IRS990/NetAssetsOrFundBalancesEOYAmt03129415
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0616742
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0616742
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt010150
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt010150
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06494
IRS990/OfficeExpensesGrp/TotalAmt06494
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016620
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016620
IRS990/OtherExpensesGrp/Desc0PROPERTY OPERATING EXPE
IRS990/OtherExpensesGrp/Desc1RENT
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt01769540
IRS990/OtherExpensesGrp/ProgramServicesAmt124010
IRS990/OtherExpensesGrp/ProgramServicesAmt24434
IRS990/OtherExpensesGrp/ProgramServicesAmt33553
IRS990/OtherExpensesGrp/TotalAmt01769540
IRS990/OtherExpensesGrp/TotalAmt124010
IRS990/OtherExpensesGrp/TotalAmt24434
IRS990/OtherExpensesGrp/TotalAmt33553
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IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0SALVAGE INCOME
IRS990/OtherRevenueMiscGrp/Desc1SIDE-LOT APPLICATION I
IRS990/OtherRevenueMiscGrp/Desc2RENTAL LATE FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03500
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1375
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt260
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1375
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt260
IRS990/OtherRevenueTotalAmt03935
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0136138
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136138
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011638
IRS990/PayrollTaxesGrp/TotalAmt011638
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04535
IRS990/PensionPlanContributionsGrp/TotalAmt04535
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0666667
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0VITO SCISCIOLI
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYInvestmentIncomeAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt033076
IRS990/PYTotalExpensesAmt0164940
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01680562
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01613793
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt010150
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01515622
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03129415
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03272758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01679667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04952425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0125400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01922
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0127322
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0965015
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04952425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03272758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01679667
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04952425
IRS990ScheduleA/TotalSupportAmt05079747
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt09142
IRS990ScheduleD/BuildingsGrp/DepreciationAmt058
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt09200
IRS990ScheduleD/ExpensesNotReportedAmt0455653
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02289792
IRS990ScheduleD/OtherExpensesIncludedAmt0455653
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015110
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06661
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DOWN PAYMENT ON PROPERTY SALES
IRS990ScheduleD/OtherRevenueAmt0455653
IRS990ScheduleD/RevenueNotReportedAmt0455653
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03903585
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AMOUNTS INCLUDED IN RENTAL AND COGS REVENUE SECTIONS 455,653.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AMOUNTS INCLUDED IN RENTAL AND COGS REVENUE SECTIONS 455,653.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024252
IRS990ScheduleD/TotalExpensesPerForm990Amt02289792
IRS990ScheduleD/TotalLiabilityAmt03350
IRS990ScheduleD/TotalRevenuePerForm990Amt03903585
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04359238
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02745445
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt06
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt01/2 OF APPRAISED VALUE
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt0185405
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2014 THE LAND BANK FACILITATED THE DEMOLITION OF 30 DILAPIDATED AND HAZARDOUS ABANDONED STRUCTURES. IN ADDITION, THEY OBTAINED GRANT FUNDING FROM THE OFFICE OF THE NY ATTORNEY GENERAL TO RENOVATE HOMES FOR LOW-INCOME OWNER OCCUPANTS AND, WITH THEIR CO-DEVELOPMENT PARTNER, COMPLETED THE RENOVATION OF TEN OF THESE HOMES IN 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY REVIEWS THE RETURN AND RESOLVES ANY QUESTIONS REGARDING THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SECRETARY OF THE CORPORATION DISTRIBUTES ANNUALLY TO ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES A FORM SOLICITING THE DISCLOSURE OF ALL CONFLICTS OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE CORPORATION AND WHETHER THE PROCESS FOR APPROVAL SET FORTH IN THE POLICY WAS USED. SUCH DISCLOSURE FORM MAY REQUIRE DISCLOSURE OF OTHER RELATIONSHIPS THAT MAY NOT CONSTITUTE AN ACTUAL CONFLICT OF INTEREST, BUT WHICH ARE REQUIRED TO BE DISCLOSED IN ORDER FOR THE CORPORATION TO COMPLY WITH ITS ANNUAL REPORTING REQUIREMENTS. FOLLOWING RECEIPT OF INFORMATION THE BOARD WILL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION. THE BOARD WILL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE CORPORATION AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE CORPORATION. THE BOARD WILL SET FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO APPROVAL OF CONTRACTS OR TRANSACTIONS INVOLVING CONFLICTS OF INTEREST IN THE MINUTES OF THE MEETING AT WHICH THE DECISION IS MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND MAY BE ACCESSED ONLINE AT WWW.SYRACUSELANDBANK.ORG/ABOUT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01674665
IRS990/TotalAssetsEOYAmt03723978
IRS990/TotalAssetsGrp/BOYAmt01674665
IRS990/TotalAssetsGrp/EOYAmt03723978
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03272758
IRS990/TotalEmployeeCnt03
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0407962
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01881830
IRS990/TotalFunctionalExpensesGrp/TotalAmt02289792
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0159043
IRS990/TotalLiabilitiesEOYAmt0594563
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IRS990/TotalLiabilitiesGrp/EOYAmt0594563
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01515622
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03129415
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01881830
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0630827
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03903585
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01674665
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03723978
IRS990/TotReportableCompRltdOrgAmt00

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