Civic Intelligence

Stack House Acquisition LLC C/O Jp Morgan Investment Management Inc

990 • Fiscal year 2017 • EIN 47-2176775

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

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

62nd percentile

0.47x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

8.42x

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

2017 filings • $100M-$250M nonprofits • Source year 2017

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2017 filings • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2017 filings • $100M-$250M nonprofits • Source year 2017

Asset Growth

21st percentile

0.1%

Faster asset growth than 21% of similar nonprofits.

2017 filings • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

7.8%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$153,095,115

Up $91,274 (+0.1%) from 2016

Net Assets

Up

$81,464,900

Up $1,610,038 (+2.0%) from 2016

Liabilities

Down

$71,630,215

Down $1,518,764 (-2.1%) from 2016

Revenue

Up

$8,507,725

Up $618,611 (+7.8%) from 2016

Expenses

Up

$5,066,154

Up $83,116 (+1.7%) from 2016

Net Income

Up

$3,441,571

Up $535,495 (+18%) from 2016

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2014: $1Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $152,992,144Liabilities 2015: $74,591,451Net Assets 2015: $78,400,6932015Assets 2016: $153,003,841Liabilities 2016: $73,148,979Net Assets 2016: $79,854,8622016Assets 2017: $153,095,115Liabilities 2017: $71,630,215Net Assets 2017: $81,464,9002017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$153,095,115
Liabilities$71,630,215
Net Assets$81,464,900

Operations Trend

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

$10M$5.0M$0Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $7,213,183Expenses 2015: $5,108,997Net Income 2015: $2,104,1862015Revenue 2016: $7,889,114Expenses 2016: $4,983,038Net Income 2016: $2,906,0762016Revenue 2017: $8,507,725Expenses 2017: $5,066,154Net Income 2017: $3,441,5712017Revenue 2018: $8,674,448Expenses 2018: $5,182,872Net Income 2018: $3,491,5762018

Highlighted filing

2017

Revenue$8,507,725
Expenses$5,066,154
Net Income$3,441,571
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$8,507,725
Mission and Program Overview

Mission

SEE STATEMENT 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$151,927,446$152,156,180▲ $228,734
Pd in Cap Srpls Land Bldg Eqp Fund$76,867,074$76,937,325▲ $70,251
Rtn Earn Endowment Incm Other Fnds$2,987,788$4,527,575▲ $1,539,787
Cash and Non-Interest-Bearing Accounts$987,722$890,808▼ $96,914
Intangible Assets$46,253$71,720▲ $25,467
Prepaid Expenses and Deferred Charges$1,096$77▼ $1,019
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
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Accounts Receivable$7,609$-23,670▼ $31,279
Total Assets$153,003,841$153,095,115▲ $91,274
Other Assets Total$33,715$0▼ $33,715
Liabilities
Mortgage Notes Payable Secured by Investment Property$72,421,292$70,995,454▼ $1,425,838
Other Liabilities$185,592$632,342▲ $446,750
Accounts Payable and Accrued Expenses$542,095$2,419▼ $539,676
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$73,148,979$71,630,215▼ $1,518,764
Net Assets / Fund Balance
Total Net Assets Fund Balance$79,854,862$81,464,900▲ $1,610,038
Total Liabilities and Net Assets / Fund Balance$153,003,841$153,095,115▲ $91,274

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$121,848,445--
Land$30,298,988--
Equipment$8,747--
Compensation and Service Providers

Board Members and Trustees

NameTitle
NoneNone

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,507,725
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,441,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,066,154
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$2,866,147--$2,866,147
All Other Expenses$1,862,945--$1,862,945
Other Expenses$33,174--$33,174
Total Functional Expenses$5,066,154$0$0$5,066,154
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
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
Accrued Expenses$441,633
Security Deposits Payable$148,560
Other Liabilities$14,885
Accrued Insurance Exp.$13,016
Accrued Property Mgmt Fee$10,981
Unearned Rent$3,267
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.

Part VII, Section A

This entity is a limited liability company that does not appoint officers, directors, or trustees. The entity's sole member is a pension trust fund. The entity does not have any employees that meet the definition of a key employee or are within the threshold for highest compensated employee.

Filing and Contact Details

Filer

Filer Name
Stack House Acquisition LLC
EIN
47-2176775
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
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Pistone
Formed
2014
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
Dmitriy Shamrakov
Phone
6464713000
Supplemental Narrative

Additional Explanations

Part XI

9)Net contribution/(Distribution) and FMV Adjustment: $ -1,831,533

Form 990 Part IX Line 24 - Other Expenses

Description:repairs total expenses:151883 program services:151883

Form 990 Part IX Line 24 - Other Expenses

Description:taxes total expenses:344659 program services:344659

Form 990 Part IX Line 24 - Other Expenses

Description:utilities total expenses:291599 program services:291599

Form 990 Part IX Line 24 - Other Expenses

Description:wages & salaries total expenses:531215 program services:531215

Form 990 Part IX Line 24 - Other Expenses

Description:bad debt total expenses:40835 program services:40835

Form 990 Part IX Line 24 - Other Expenses

Description:property management fees total expenses:181588 program services:181588

Form 990 Part IX Line 24 - Other Expenses

Description:general & administrative total expenses:240809 program services:240809

Form 990 Part IX Line 24 - Other Expenses

Description:security total expenses:30124 program services:30124

Form 990 Part IX Line 24 - Other Expenses

Description:landscaping total expenses:44928 program services:44928

Form 990 Part IX Line 24 - Other Expenses

Description:amortization total expenses:program services:

Form 990 Part IX Line 24 - Other Expenses

Description:other tax expenses total expenses:5305 program services:5305

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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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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/ExplanationTxt1This entity is a limited liability company that does not appoint officers, directors, or trustees. The entity's sole member is a pension trust fund. The entity does not have any employees that meet the definition of a key employee or are within the threshold for highest compensated employee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29)Net contribution/(Distribution) and FMV Adjustment: $ -1,831,533
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:REPAIRS TOTAL EXPENSES:151883 PROGRAM SERVICES:151883
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:TAXES TOTAL EXPENSES:344659 PROGRAM SERVICES:344659
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:UTILITIES TOTAL EXPENSES:291599 PROGRAM SERVICES:291599
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:WAGES & SALARIES TOTAL EXPENSES:531215 PROGRAM SERVICES:531215
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:BAD DEBT TOTAL EXPENSES:40835 PROGRAM SERVICES:40835
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:PROPERTY MANAGEMENT FEES TOTAL EXPENSES:181588 PROGRAM SERVICES:181588
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:GENERAL & ADMINISTRATIVE TOTAL EXPENSES:240809 PROGRAM SERVICES:240809
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:SECURITY TOTAL EXPENSES:30124 PROGRAM SERVICES:30124
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:LANDSCAPING TOTAL EXPENSES:44928 PROGRAM SERVICES:44928
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DESCRIPTION:AMORTIZATION TOTAL EXPENSES:PROGRAM SERVICES:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DESCRIPTION:OTHER TAX EXPENSES TOTAL EXPENSES:5305 PROGRAM SERVICES:5305
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd68false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0111 N Canal Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11918 Eighth Avenue Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22700 Ellis Road Acquisition Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3401 East Las Olas Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4425 Boylan Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt54700 Nalle Woods Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt64S Ranch Apartment Holdings Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7555 11th Street Mezz Lender LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt87108 Fairway Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt97111 Fairway Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt107121 Fairway Acquisition Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11818 Stewart Street Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12Amalfi Apartment Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13AT Industrial Owner Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14Borders Industrial Acquisition Corporati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15Broadpine Realty Holding Company Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16Cape May Harveston Co Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17City Centre Residential Realty Company L
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18Domain CC Phase II Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19Domain CC Realty Company LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20Eight Corporate Centre Acquisition Compa
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21Elizabeth Square Acquisition Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22Equinox Apartment Holdings LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23Esplanade Apartments Holding Company
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt24FG SPF Fullerton Acquisition LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt25Five Corporate Centre Acquisition Compan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt26Forest Drive Research Park Acquisition C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt27Four Corporate Centre Acquisition Compan

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