Clayton Improvement Associaton Ltd
- Assets
- $3.6m
- Revenue
- $1.1m
- Investments
- $103.6k
- Employees
- 12
- Location
- Clayton, NY
- Founding
- 11/1978
- Data as of
- 06/2024
- EIN
- 16-1109094
Organization Overview
Clayton Improvement Associaton Ltd is located in Clayton, NY. The organization was established in 1978. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Clayton Improvement Associaton Ltd employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clayton Improvement Associaton Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Clayton Improvement Associaton Ltd generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $764.5k during the year ending 06/2024. While expenses have increased by 0.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND MANAGE DECENT AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS; FOSTER A BETTER COMMUNITY UNDERSTANDING OF HOUSING ISSUES AND OPTIONS; AND ENSURE THE AVAILABILITY OF QUALITY HEALTH CARE TO AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL PRESERVATION - TO PROVIDE DECENT HOUSING TO RURAL COMMUNITIES IN THE CLAYTON AREA.
AFFORDABLE TENANCY - TO PROVIDE AFFORDABLE RENTAL HOUSING TO PERSONS OF ALL AGES WHO MEET THE LOW INCOME GUIDELINES.
SAMARITAN MEDICAL CLINIC - TO PROVIDE ENHANCED MEDICAL SERVICES TO THE CLAYTON COMMUNITY.
HOME OWNERS ASSISTANCE - TO PROVIDE GRANTS TO LOW INCOME HOUSEHOLDS TO REHABILITATE THEIR EXISTING HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Lawrence Director | Trustee | 1 | $0 |
David Neuroth Director | Trustee | 1 | $0 |
Elizabeth Daugherty Secretary | OfficerTrustee | 1 | $0 |
Mike Pavlot President | OfficerTrustee | 1 | $0 |
Jack Burke Treasurer | OfficerTrustee | 1 | $0 |
Megan Kendall Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $545,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,684 |
| Total Program Service Revenue | $372,442 |
| Investment income | $10,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,055,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $177,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,515 |
| Payroll taxes | $26,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,525 |
| Advertising and promotion | $2,956 |
| Office expenses | $21,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,647 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,206 |
| Insurance | $12,708 |
| All other expenses | $12,141 |
| Total functional expenses | $764,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,182 |
| Savings and temporary cash investments | $1,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,955 |
| Net Land, buildings, and equipment | $2,545,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $103,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $640,661 |
| Total assets | $3,645,790 |
| Accounts payable and accrued expenses | $65,767 |
| Grants payable | $26,400 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,602,474 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,963 |
| Total liabilities | $1,698,604 |
| Net assets without donor restrictions | $807,694 |
| Net assets with donor restrictions | $1,139,492 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,645,790 |