Civic Intelligence

Preservation Realty Holdings Inc

990 • Fiscal year 2017 • EIN 03-0356606

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 01, 2018

104 Church StreetBurlington, VT 05401

(802) 658-6647

Siviq Scores

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

Liabilities / Assets

60th percentile

0.34x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

2.37x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Net Margin

69th percentile

42%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$156,442

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 87.5% of source-year revenue.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-4.3%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

317%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,265,347

Down $56,496 (-4.3%) from 2016

Net Assets

Up

$841,195

Up $75,937 (+9.9%) from 2016

Liabilities

Down

$424,152

Down $132,433 (-24%) from 2016

Revenue

Up

$178,802

Up $135,884 (+317%) from 2016

Expenses

Up

$102,865

Up $553 (+0.5%) from 2016

Net Income

Up

$75,937

Up $135,331 (+228%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,598,905Liabilities 2011: $558,396Net Assets 2011: $1,040,5092011Assets 2012: $1,533,361Liabilities 2012: $569,521Net Assets 2012: $963,8402012Assets 2013: $1,476,472Liabilities 2013: $570,647Net Assets 2013: $905,8252013Assets 2014: $1,410,741Liabilities 2014: $558,561Net Assets 2014: $852,1802014Assets 2015: $1,366,665Liabilities 2015: $577,787Net Assets 2015: $788,8782015Assets 2016: $1,321,843Liabilities 2016: $556,585Net Assets 2016: $765,2582016Assets 2017: $1,265,347Liabilities 2017: $424,152Net Assets 2017: $841,1952017Assets 2018: $1,201,691Liabilities 2018: $420,832Net Assets 2018: $780,8592018Assets 2019: $1,216,847Liabilities 2019: $0Net Assets 2019: $1,216,8472019Assets 2020: $1,176,117Liabilities 2020: $0Net Assets 2020: $1,176,1172020Assets 2021: $1,098,434Liabilities 2021: $0Net Assets 2021: $1,098,4342021Assets 2022: $1,119,418Liabilities 2022: $0Net Assets 2022: $1,119,4182022Assets 2023: $1,125,018Liabilities 2023: $0Net Assets 2023: $1,125,0182023Assets 2024: $1,161,250Liabilities 2024: $0Net Assets 2024: $1,161,2502024

Highlighted filing

2017

Assets$1,265,347
Liabilities$424,152
Net Assets$841,195

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $83,8892011Revenue 2012: $5,440Expenses 2012: $82,109Net Income 2012: -$76,6692012Revenue 2013: $57,660Expenses 2013: $115,675Net Income 2013: -$58,0152013Revenue 2014: $49,338Expenses 2014: $102,983Net Income 2014: -$53,6452014Revenue 2015: $46,432Expenses 2015: $109,734Net Income 2015: -$63,3022015Revenue 2016: $42,918Expenses 2016: $102,312Net Income 2016: -$59,3942016Revenue 2017: $178,802Expenses 2017: $102,865Net Income 2017: $75,9372017Revenue 2018: $67,003Expenses 2018: $127,339Net Income 2018: -$60,3362018Revenue 2019: $523,419Expenses 2019: $87,431Net Income 2019: $435,9882019Revenue 2020: $31,710Expenses 2020: $72,440Net Income 2020: -$40,7302020Revenue 2021: $31,761Expenses 2021: $109,444Net Income 2021: -$77,6832021Revenue 2022: $179,918Expenses 2022: $158,934Net Income 2022: $20,9842022Revenue 2023: $39,722Expenses 2023: $34,122Net Income 2023: $5,6002023Revenue 2024: $79,168Expenses 2024: $42,936Net Income 2024: $36,2322024

Highlighted filing

2017

Revenue$178,802
Expenses$102,865
Net Income$75,937
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 1, 2018
Return Version
2016v3.0
Gross Receipts
$178,802
Mission and Program Overview

Mission

To hold title to and manage real

To hold title to and manage real estate donated to or acquired by Preservation Trust of Vermont, Inc. To date, the Organization is managing the historic property known as the Grand Isle Lake House.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,222,048$1,185,282▼ $36,766
Rtn Earn Endowment Incm Other Fnds$765,258$841,195▲ $75,937
Savings and Temporary Cash Investments$39,918$41,573▲ $1,655
Cash and Non-Interest-Bearing Accounts$59,877$32,978▼ $26,899
Accounts Receivable-$5,514-
Total Assets$1,321,843$1,265,347▼ $56,496
Liabilities
Other Liabilities$556,585$424,152▼ $132,433
Total Liabilities$556,585$424,152▼ $132,433
Net Assets / Fund Balance
Total Net Assets Fund Balance$765,258$841,195▲ $75,937
Total Liabilities and Net Assets / Fund Balance$1,321,843$1,265,347▼ $56,496

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$335,282$1,032,887-
Land$850,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Paul BruhnPresidentPT$156,442$156,442
William PolkTreasurer (Non-Voting)-$21,000$21,000
Eric GilbertsonDirector-$16,625$16,625

Board Members and Trustees

NameTitle
Allen GartnerDirector
Bill TruexDirector
Gretchen SariesDirector
Katie BuckleyDirector
Paul WyncoopDirector
Paul Bruhn-
Gerry TarrantCounsel(Non-Voting)
John WadhamsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$165,620
Program Service Revenue
$13,152
Investment Income
$30
Other Revenue
$0
Change in Net Assets
$75,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,865
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
Depreciation Depletion$71,465$0$0$71,465
Payments to Affiliates$13,500$1,500$0$15,000
Fees for Services Other$2,280$0$0$2,280
Fees for Services Accounting$0$975$0$975
Other Expenses$275$33$0$308
Total Functional Expenses$100,241$2,624$0$102,865
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
Interest-Free Advance from the Preservation Trust of Vermont$424,152
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Filing and Contact Details

Filer

Filer Name
Preservation Realty Holdings Inc
EIN
03-0356606
Phone
8026586647
Address
104 Church Street, Burlington, VT 05401

Signing Officer

Name
Paul Bruhn
Title
President
Phone
8026586647
Signed
2018-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Bruhn
Formed
1998
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Tapia & Huckabay PC
Address
PO Box 38, Vergennes, VT 05491
Preparer
William S Huckabay CPA
Phone
8028707086
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The Organization only has one member - Preservation Trust of Vermont, Inc. acting through its Board of Directors.

Pt VI, Line 7A

Directors are nominated and elected to three-year terms by the sole member of the Organization at the Corporation's annual meeting.

Pt VI, Line 11B

A copy of the Form 990 is made available to all Board members prior to its submission.

Pt VI, Line 12C

All Directors, Officers, Board and Committee members are required to read the Organization's Conflict of Interest Policy and disclose any real or potential conflicts annually. Any disclosure is investigated by an independent Board / Committee member and steps are established to resolve or avoid any actual or potential conflict.

Pt VI, Line 19

The Organization makes all organizational documents, including its Form 1024, annual tax returns, and governing documents available for public inspection upon request.

Other

Part VII-A / Line 1a - President and Board Member, Paul Bruhn, is the Executive Director of the controlling organization, Preservation Trust of Vermont, Inc. (PTV), through which all reportable compensation and benefits are paid. Treasurer, William Polk, provides accounting services to both the Organization and its controlling entity, PTV. All compensation is paid by PTV.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt01500
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt013500
IRS990/PaymentsToAffiliatesGrp/TotalAmt015000
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PAUL BRUHN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1900090
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Other Program Service Fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12163
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt032800
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt019
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0102312
IRS990/PYProgramServiceRevenueAmt010099
IRS990/PYRevenuesLessExpensesAmt0-59394
IRS990/PYTotalExpensesAmt0102312
IRS990/PYTotalRevenueAmt042918
IRS990/ReconcilationRevenueExpnssAmt075937
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0165620
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt013152
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0765258
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0841195
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039918
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041573
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0335282
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01032887
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01368169
IRS990ScheduleD/LandGrp/BookValueAmt0850000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0850000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0424152
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest-Free Advance from the Preservation Trust of Vermont
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01185282
IRS990ScheduleD/TotalLiabilityAmt0424152
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0105624
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt032818
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt018000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL BRUHN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0156442
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Preservation Trust of Vermont has established a "Non-Qualified Section 457 Tandem Deferred Compensation Plan" to benefit Paul Bruhn, its long-time Executive Director (and the President of Preservation Realty Holdings). Amounts included in Part II, Column (C) include $24,000 in Section 457(f) deferred compensation, $3,169 in SIMPLE matching contributions and $5,649 in current year earnings on deferred compensation plan assets.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization only has one member - Preservation Trust of Vermont, Inc. acting through its Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors are nominated and elected to three-year terms by the sole member of the Organization at the Corporation's annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the Form 990 is made available to all Board members prior to its submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All Directors, Officers, Board and Committee members are required to read the Organization's Conflict of Interest Policy and disclose any real or potential conflicts annually. Any disclosure is investigated by an independent Board / Committee member and steps are established to resolve or avoid any actual or potential conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes all organizational documents, including its Form 1024, annual tax returns, and governing documents available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part VII-A / Line 1a - President and Board Member, Paul Bruhn, is the Executive Director of the controlling organization, Preservation Trust of Vermont, Inc. (PTV), through which all reportable compensation and benefits are paid. Treasurer, William Polk, provides accounting services to both the Organization and its controlling entity, PTV. All compensation is paid by PTV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Preservation Trust of Vermont Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0030281195
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HISTORIC PRESERVATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Part I, 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0104 Church Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Burlington
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.08$0.04$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.04$0.03$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$0.18$0.16$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.03$0.11$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.03$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.52$0.09$0.44
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.42$0.78$0.07$0.13$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.42$0.84$0.18$0.10$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.56$0.77$0.04$0.10$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.37$0.58$0.79$0.05$0.11$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.41$0.56$0.85$0.05$0.10$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.57$0.91$0.06$0.12$0.06
2012Summary only. Only limited summary data is available for this year.$1.53$0.57$0.96$0.01$0.08$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.56$1.04$0.08