Civic Intelligence

Cairo Development Foundation Inc.

990EZ • Fiscal year 2023 • EIN 81-4037091

Jan 01, 2023 to Dec 31, 2023 • Filed on May 03, 2024

PO Box 251Cairo, NY 12413

(518) 291-3407

Siviq Scores

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

Liabilities / Assets

88th percentile

0.50x

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

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

1.22x

Higher debt load relative to revenue than 94% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Net Margin

73rd percentile

40%

Higher net margin than 73% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Asset Growth

64th percentile

15%

Faster asset growth than 64% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

136%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$438,901

Up $57,052 (+15%) from 2022

Net Assets

Up

$217,292

Up $77,308 (+55%) from 2022

Liabilities

Down

$221,609

Down $20,256 (-8.4%) from 2022

Revenue

Up

$181,107

Up $104,311 (+136%) from 2022

Expenses

Up

$108,932

Up $84,348 (+343%) from 2022

Net Income

Up

$72,175

Up $19,963 (+38%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $34,998Liabilities 2018: $274Net Assets 2018: $34,7242018Assets 2019: $223,122Liabilities 2019: $155,355Net Assets 2019: $67,7672019Assets 2020: $234,307Liabilities 2020: $170,391Net Assets 2020: $63,9162020Assets 2021: $351,362Liabilities 2021: $265,190Net Assets 2021: $86,1722021Assets 2022: $381,849Liabilities 2022: $241,865Net Assets 2022: $139,9842022Assets 2023: $438,901Liabilities 2023: $221,609Net Assets 2023: $217,2922023Assets 2024: $418,164Liabilities 2024: $212,182Net Assets 2024: $205,9822024

Highlighted filing

2023

Assets$438,901
Liabilities$221,609
Net Assets$217,292

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2018: $28,837Expenses 2018: $4,522Net Income 2018: $24,3152018Revenue 2019: $69,102Expenses 2019: $36,060Net Income 2019: $33,0422019Revenue 2020: $29,406Expenses 2020: $33,256Net Income 2020: -$3,8502020Revenue 2021: $73,701Expenses 2021: $39,196Net Income 2021: $34,5052021Revenue 2022: $76,796Expenses 2022: $24,584Net Income 2022: $52,2122022Revenue 2023: $181,107Expenses 2023: $108,932Net Income 2023: $72,1752023Revenue 2024: $139,319Expenses 2024: $150,631Net Income 2024: -$11,3122024

Highlighted filing

2023

Revenue$181,107
Expenses$108,932
Net Income$72,175
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 3, 2024
Return Version
2023v5.0
Gross Receipts
$182,214
Mission and Program Overview

Mission

The organization's mission is to create, beautify and improve cairo, ny by ofering volunteers to spruce up existing dwellings and businesses, to assist in promoting a business-friendly atmosphere by working with town government and citizens, and to seek out state and federal grants to pursue projects that help beautify cairo, ny.

Program Services

DescriptionGrantsExpenses
CONTRIBUTIONS AND FUNDRAISING ARE NEEDED TO FUND PROJECTS DIRECTLY RELATED TO THE REVITALIZATION OF MAIN STREET, CAIRO, NY. MARKETING OF THE ORGANIZATION IS TO HELP BRING AWARENES TO THE BLIGHT OF THE MANY VACANT BUILDINGS AND STOREFRONTS AND TO PROMOTE OTHER BUSINESSES TO COME TO THE AREA OF MAIN STREET AND THE IMMEDIATE AREA, INCLUDING BUYING AND REHABILITATING SOME BUILDINGS.-$79,897
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANA BENOITPresident-$0--
LYSANDRA BRADENVice-Preside-$0--
MICHELLE ROLONTreasurer-$0--
YULIYA BENOITSecretary-$0--
SHERRY TRUEBear Comm Pr-$0--
Filing and Contact Details

Filer

Filer Name
Cairo Development Foundation Inc
EIN
81-4037091
Phone
5182913407
Address
PO BOX 251, CAIRO, NY 12413

Signing Officer

Name
Michelle Rolon
Title
Treasurer
Phone
5188196433
Signed
2024-05-03
Discuss with paid preparer
Yes

Preparer

Firm
Accounting Offices of Tom Fucito CPA Pc
Address
PO BOX 897, CAIRO, NY 12413-0897
Preparer
Thomas Fucito CPA
Phone
5186222844
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Bear statues cost of goods sold 54,363 467 main street interest 9,029 insurance 1,042 repairs 5,381 real estate taxes 4,983 utilities 3,259 expenses supplies 3,286 sba interest exp 910 insurance expenses 3,315 refuse removal 1,050 other operations expenses 6,028 outside contracted serv. 1,123 registration fees 19 bank fees 383 pocket park expenses 871 paypal fees 748 non-investment depreciation 12,205 total 107,995

Form 990-ez, Part I, Line 20

PR PERIOD ADJ 5,133

Form 990-ez, Part II, Line 24

Buildings, improvements, & equipment 266,033 349,032 less accumulated depreciation 33,103 45,308 closing costs 3,251 3,251 less accumulated amortization 180 289 mortgage escrow acct 2,581 2,483 total 238,582 309,169

Form 990-ez, Part II, Line 26

Deferred bear deposit 11,200 0 security deposits held 1,525 1,525 mortgage and other notes payable 229,140 220,084

Form 990-ez, Part III

The organization's mission is to create, beautify and improve cairo, ny by ofering volunteers to spruce up existing dwellings and businesses, to assist in promoting a business-friendly atmosphere by working with town government and citizens, and to seek out state and federal grants to pursue projects that help beautify cairo, ny.

Form 990-ez, Part III, Line 28

Contributions and fundraising are needed to fund projects directly related to the revitalization of main street, cairo, ny. Marketing of the organization is to help bring awarenes to the blight of the many vacant buildings and storefronts and to promote other businesses to come to the area of main street and the immediate area, including buying and rehabilitating some buildings.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEAR STATUES COST OF GOODS SOLD 54,363 467 MAIN STREET INTEREST 9,029 INSURANCE 1,042 REPAIRS 5,381 REAL ESTATE TAXES 4,983 UTILITIES 3,259 EXPENSES SUPPLIES 3,286 SBA INTEREST EXP 910 INSURANCE EXPENSES 3,315 REFUSE REMOVAL 1,050 OTHER OPERATIONS EXPENSES 6,028 OUTSIDE CONTRACTED SERV. 1,123 REGISTRATION FEES 19 BANK FEES 383 POCKET PARK EXPENSES 871 PAYPAL FEES 748 NON-INVESTMENT DEPRECIATION 12,205 TOTAL 107,995
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PR PERIOD ADJ 5,133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BUILDINGS, IMPROVEMENTS, & EQUIPMENT 266,033 349,032 LESS ACCUMULATED DEPRECIATION 33,103 45,308 CLOSING COSTS 3,251 3,251 LESS ACCUMULATED AMORTIZATION 180 289 MORTGAGE ESCROW ACCT 2,581 2,483 TOTAL 238,582 309,169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DEFERRED BEAR DEPOSIT 11,200 0 SECURITY DEPOSITS HELD 1,525 1,525 MORTGAGE AND OTHER NOTES PAYABLE 229,140 220,084
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S MISSION IS TO CREATE, BEAUTIFY AND IMPROVE CAIRO, NY BY OFERING VOLUNTEERS TO SPRUCE UP EXISTING DWELLINGS AND BUSINESSES, TO ASSIST IN PROMOTING A BUSINESS-FRIENDLY ATMOSPHERE BY WORKING WITH TOWN GOVERNMENT AND CITIZENS, AND TO SEEK OUT STATE AND FEDERAL GRANTS TO PURSUE PROJECTS THAT HELP BEAUTIFY CAIRO, NY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRIBUTIONS AND FUNDRAISING ARE NEEDED TO FUND PROJECTS DIRECTLY RELATED TO THE REVITALIZATION OF MAIN STREET, CAIRO, NY. MARKETING OF THE ORGANIZATION IS TO HELP BRING AWARENES TO THE BLIGHT OF THE MANY VACANT BUILDINGS AND STOREFRONTS AND TO PROMOTE OTHER BUSINESSES TO COME TO THE AREA OF MAIN STREET AND THE IMMEDIATE AREA, INCLUDING BUYING AND REHABILITATING SOME BUILDINGS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-03
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ReturnHeader/ReturnTs02024-05-07T16:22:53-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHELLE
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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