Civic Intelligence

Galvan CIVIC I Inc.

990 • Fiscal year 2016 • EIN 46-5286303

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization ProfileN/A
400 State StreetHudson, NY 12534

(212) 292-8407

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$11,154,436

Flat from 2016

Net Assets

Flat

$1,387,574

Flat from 2016

Liabilities

Flat

$9,766,862

Flat from 2016

Revenue And Expenses

Revenue

Flat

$832,390

Flat from 2016

Expenses

Flat

$27,246

Flat from 2016

Net Income

Flat

$805,144

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $10,269,244Liabilities 2014: $9,718,667Net Assets 2014: $550,5772014Assets 2015: $10,382,181Liabilities 2015: $9,799,751Net Assets 2015: $582,4302015Assets 2016: $11,154,436Liabilities 2016: $9,766,862Net Assets 2016: $1,387,5742016Assets 2016: $11,154,436Liabilities 2016: $9,766,862Net Assets 2016: $1,387,5742016Assets 2017: $10,973,948Liabilities 2017: $10,167,362Net Assets 2017: $806,5862017Assets 2018: $10,632,857Liabilities 2018: $9,979,126Net Assets 2018: $653,7312018Assets 2019: $10,697,488Liabilities 2019: $10,583,018Net Assets 2019: $114,4702019Assets 2020: $11,574,099Liabilities 2020: $11,837,438Net Assets 2020: -$263,3392020Assets 2021: $11,575,179Liabilities 2021: $12,145,928Net Assets 2021: -$570,7492021Assets 2022: $11,225,614Liabilities 2022: $12,009,793Net Assets 2022: -$784,1792022Assets 2023: $10,868,871Liabilities 2023: $11,890,400Net Assets 2023: -$1,021,5292023Assets 2024: $9,033,928Liabilities 2024: $10,102,743Net Assets 2024: -$1,068,8152024

Highlighted filing

2016

Assets$11,154,436
Liabilities$9,766,862
Net Assets$1,387,574
Open 2016 Filing

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2014: $563,744Expenses 2014: $13,167Net Income 2014: $550,5772014Revenue 2015: $45,690Expenses 2015: $13,834Net Income 2015: $31,8562015Revenue 2016: $832,390Expenses 2016: $27,246Net Income 2016: $805,1442016Revenue 2016: $832,390Expenses 2016: $27,246Net Income 2016: $805,1442016Revenue 2017: -$546,762Expenses 2017: $34,229Net Income 2017: -$580,9912017Revenue 2018: -$63,128Expenses 2018: $89,726Net Income 2018: -$152,8542018Revenue 2019: -$505,752Expenses 2019: $33,509Net Income 2019: -$539,2612019Revenue 2020: -$343,862Expenses 2020: $33,947Net Income 2020: -$377,8092020Revenue 2021: -$262,010Expenses 2021: $45,400Net Income 2021: -$307,4102021Revenue 2022: -$190,993Expenses 2022: $22,437Net Income 2022: -$213,4302022Revenue 2023: -$223,504Expenses 2023: $13,846Net Income 2023: -$237,3502023Revenue 2024: $346,846Expenses 2024: $0Net Income 2024: $346,8462024

Highlighted filing

2016

Revenue$832,390
Expenses$27,246
Net Income$805,144
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$1,451,043
Mission and Program Overview

Mission

Was organized to participate in activities that strengthen impoverished communities in the vicinity of the city of hudson, new york state, by promoting the provision of affordable housing, social services, and economic opportunity for person of low income and other disadvantages

To benefit galvan foundation charitable trust, ny non-for-profit corporation, with purpose of strengthening impoverished communities in the vicinity of the city of hudson.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,155,170$11,083,640▲ $928,470
Savings and Temporary Cash Investments$127,842$87,445▼ $40,397
Cash and Non-Interest-Bearing Accounts$87,341$9,976▼ $77,365
Prepaid Expenses and Deferred Charges-$7,507-
Accounts Receivable$6,678$-38,708▼ $45,386
Total Assets$10,382,181$11,154,436▲ $772,255
Other Assets Total$5,150$4,576▼ $574
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,700,000$9,700,000→ $0
Accounts Payable and Accrued Expenses$16,847$49,732▲ $32,885
Other Liabilities$82,904$17,130▼ $65,774
Total Liabilities$9,799,751$9,766,862▼ $32,889
Net Assets / Fund Balance
Unrestricted Net Assets$582,430$1,387,574▲ $805,144
Total Net Assets Fund Balance$582,430$1,387,574▲ $805,144
Total Liabilities and Net Assets / Fund Balance$10,382,181$11,154,436▲ $772,255

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,628,903$247,760$6,876,663
Buildings$2,063,013$103,325$2,166,338
Land$1,740,215-$1,740,215
Other Land Buildings$651,509$11,056$662,565
Compensation and Service Providers

Board Members and Trustees

NameTitle
T Eric GallowayPresident
Henry Van AmeringenSecretary Tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,148,929
Program Service Revenue
$0
Investment Income
$34
Other Revenue
$-316,573
Change in Net Assets
$805,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,246
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
Fees for Services Accounting-$25,898-$25,898
Fees for Services Management-$1,000-$1,000
Other Expenses-$125-$125
Total Functional Expenses$0$27,246$0$27,246
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common TrusteeContributionNo$970,728
-Common TrusteeContributionNo$178,201
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Payable$17,130
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Henry van ameringen t. Eric galloway treasurer president married”

Form 990, Page 6, Part VI, Line 11B

“The completed 990 is submitted first to the audit committee for review. Once reviewed and approved by the audit committee, the 990 is circulated to the full board before it is filed with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The organization's board of directors annually signs a no conflict/disclosure form provided by nys dhcr. Any potential staff conflict of interest is discussed with the board and resolved to eliminate any such conflict.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Galvan Civic I Inc
EIN
46-5286303
Phone
2122928407
Address
400 STATE STREET, HUDSON, NY 12534

Signing Officer

Name
T Eric Galloway
Title
President
Phone
9736679100
Signed
2017-05-08

Organization Details

Principal Officer
T Eric Galloway
Formed
2014
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Geltrude & Company LLC
Address
513 FRANKLIN AVE, NUTLEY, NJ 07110-1746
Preparer
Michael W Carlon
Phone
9736679100
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To benefit galvan foundation charitable trust, ny non-for-profit corporation, with purpose of strengthening impoverished communities in the vicinity of the city of hudson.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HENRY VAN AMERINGEN T. ERIC GALLOWAY TREASURER PRESIDENT MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPLETED 990 IS SUBMITTED FIRST TO THE AUDIT COMMITTEE FOR REVIEW. ONCE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE, THE 990 IS CIRCULATED TO THE FULL BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY SIGNS A NO CONFLICT/DISCLOSURE FORM PROVIDED BY NYS DHCR. ANY POTENTIAL STAFF CONFLICT OF INTEREST IS DISCUSSED WITH THE BOARD AND RESOLVED TO ELIMINATE ANY SUCH CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0454110216
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1454110126
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt042 WEST 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt142 WEST 39TH STREET 14TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010018
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd110018
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0970728
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1178200
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GALVAN INITIATIVES FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1GALVAN FOUNDATION CHARITABLE TRUST
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010382181
IRS990/TotalAssetsEOYAmt011154436
IRS990/TotalAssetsGrp/BOYAmt010382181
IRS990/TotalAssetsGrp/EOYAmt011154436
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01148929
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027246
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt027246
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09799751
IRS990/TotalLiabilitiesEOYAmt09766862
IRS990/TotalLiabilitiesGrp/BOYAmt09799751
IRS990/TotalLiabilitiesGrp/EOYAmt09766862
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0582430
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01387574
IRS990/TotalRevenueGrp/ExclusionAmt034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-316573
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0832390
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010382181
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011154436
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0582430
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01387574
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt042 W 39TH STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010018
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0T ERIC GALLOWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09736679100
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GALVAN CIVIC I INC
ReturnHeader/Filer/BusinessNameControlTxt0GALV
ReturnHeader/Filer/EIN0465286303
ReturnHeader/Filer/PhoneNum02122928407
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 STATE STREET
ReturnHeader/Filer/USAddress/CityNm0HUDSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012534
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A23A18CA1B10F82F8154D310A23C679C8BA9F915
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07EDCF85DE1802CC49ED28985971716A5C0101AD2
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223363665
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELTRUDE & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0513 FRANKLIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NUTLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0071101746
ReturnHeader/PreparerPersonGrp/PhoneNum09736679100
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL W CARLON
ReturnHeader/ReturnTs02017-05-15T14:16:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,154,436
Liabilities
$9,766,862
Net assets
$1,387,574
Revenue
$832,390
Expenses
$27,246
Net income
$805,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.03$10.1$1.07$0.35$0.00$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$11.9$1.02$0.22$0.01$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$12.0$0.78$0.19$0.02$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$12.1$0.57$0.26$0.05$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$11.8$0.26$0.34$0.03$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$10.6$0.11$0.51$0.03$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$9.98$0.65$0.06$0.09$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$10.2$0.81$0.55$0.03$0.58
2016Detailed filing. Detailed filing data is available for this year.$11.2$9.77$1.39$0.83$0.03$0.81
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$9.77$1.39$0.83$0.03$0.81
2015Detailed filing. Detailed filing data is available for this year.$10.4$9.80$0.58$0.05$0.01$0.03
2014Summary only. Only limited summary data is available for this year.$10.3$9.72$0.55$0.56$0.01$0.55