Civic Intelligence

Raising the Standards CDC Inc

EIN 82-4423860 • 501(c)3 • Buffalo, NY

Profile

Raising the Standards CDC, Inc. is a non-profit community based organization with the goal of contructing and providing housing on the East Side of the City of Buffalo, New York.

179 E Ferry StreetBuffalo, NY 14208

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

2.87x

Higher debt load relative to assets than 92% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2022

Asset Growth

31st percentile

-4.8%

Faster asset growth than 31% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-100%

Faster revenue growth than 8% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$9,979

Down $500 (-4.8%) from 2021

Liabilities

Flat

$28,596

Flat from 2021

Net Assets

Down

-$18,617

Down $500 (-2.8%) from 2021

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $22 (-100%) from 2021

Expenses

Down

$500

Down $3,437 (-87%) from 2021

Net Income

Up

-$500

Up $3,415 (+87%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2019: $6,820Liabilities 2019: $35,246Net Assets 2019: -$28,4262019Assets 2020: $283,899Liabilities 2020: $293,416Net Assets 2020: -$9,5172020Assets 2021: $10,479Liabilities 2021: $28,596Net Assets 2021: -$18,1172021Assets 2022: $9,979Liabilities 2022: $28,596Net Assets 2022: -$18,6172022

Highlighted filing

2022

Assets$9,979
Liabilities$28,596
Net Assets-$18,617
Open 2022 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2019: $581,566Expenses 2019: $609,992Net Income 2019: -$28,4262019Revenue 2020: $25,402Expenses 2020: $6,492Net Income 2020: $18,9102020Revenue 2021: $22Expenses 2021: $3,937Net Income 2021: -$3,9152021Revenue 2022: $0Expenses 2022: $500Net Income 2022: -$5002022

Highlighted filing

2022

Revenue$0
Expenses$500
Net Income-$500
Open 2022 Filing

Filings

Most recent year

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

Open filing
Assets
$9,979
Liabilities
$28,596
Net assets
-$18,617
Revenue
$0
Expenses
$500
Net income
-$500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.29$0.19$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.29$0.18$0.00$0.04$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.84$2.93$0.10$0.25$0.06$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.35$0.28$5.82$6.10$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 9, 2023
Return Version
2022v4.1
Gross Receipts
$0
Mission and Program Overview

Mission

Raising the Standards CDC, Inc. is a non-profit community based organization with the goal of contructing and providing housing on the East Side of the City of Buffalo, New York.

Contruct and provide housing on the East Side of the City of Buffalo, New York.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,479$9,979▼ $500
Total Assets$10,479$9,979▼ $500
Liabilities
Other Liabilities$28,596$28,596→ $0
Total Liabilities$28,596$28,596→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-18,117$-18,617▼ $500
Total Net Assets Fund Balance$-18,117$-18,617▼ $500
Total Liabilities and Net Assets / Fund Balance$10,479$9,979▼ $500
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Paul HardawayPresident
Elois LiggansVice President
BabaJide KuyoroBoard Member
Brenda Graves-ChestnutBoard Member
Mary GibbsBoard Member
George Morey IIIProject Manager/ ED
Zandra SimmonsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$500
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-$500-$500
Total Functional Expenses$0$500$0$500
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
Due to Related Party$28,596
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The Form 990 is reviewed by the Board Members prior to filing.”

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

“Each Board Member of the Organization is required to complete a conflict ofinterest form on an annual basis.”

Form 990, Part VI, Section C, line 19

“The governing documents of the Organization are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Raising the Standards CDC Inc
EIN
82-4423860
Phone
7168861362
Address
179 E Ferry Street, Buffalo, NY 14208

Signing Officer

Name
George Morey
Title
Director
Phone
7168861362
Signed
2023-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Morey
Formed
2018
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Allied CPAs PC
Address
36 Niagara St, Tonawanda, NY 14150
Preparer
Jason J Mayausky CPA
Phone
7166940336
Raw XML Appendix293 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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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jason J Mayausky CPA
ReturnHeader/ReturnTs02023-02-21T14:07:00-06:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits