Civic Intelligence

Rcap Solutions Inc Formerly Rural Housing Improvement Inc

990 • Fiscal year 2015 • EIN 04-2454675

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

205 School StreetGardner, MA 01440

(800) 488-1969

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.97x

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

32nd percentile

0.17x

Higher debt load relative to revenue than 32% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

26th percentile

-1.2%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

24th percentile

-3.2%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-5.0%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,931,689

Down $161,373 (-3.2%) from 2014

Net Assets

Down

$167,266

Down $353,335 (-68%) from 2014

Liabilities

Up

$4,764,423

Up $191,962 (+4.2%) from 2014

Revenue

Down

$28,596,376

Down $1,513,155 (-5.0%) from 2014

Expenses

Down

$28,949,711

Down $1,359,365 (-4.5%) from 2014

Net Income

Down

-$353,335

Down $153,790 (-77%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $4,329,926Liabilities 2010: $3,510,900Net Assets 2010: $819,0262010Assets 2011: $4,338,591Liabilities 2011: $3,382,117Net Assets 2011: $956,4742011Assets 2012: $3,983,947Liabilities 2012: $3,180,882Net Assets 2012: $803,0652012Assets 2013: $5,024,013Liabilities 2013: $4,303,867Net Assets 2013: $720,1462013Assets 2014: $5,093,062Liabilities 2014: $4,572,461Net Assets 2014: $520,6012014Assets 2015: $4,931,689Liabilities 2015: $4,764,423Net Assets 2015: $167,2662015Assets 2016: $5,294,384Liabilities 2016: $4,608,112Net Assets 2016: $686,2722016Assets 2017: $4,772,143Liabilities 2017: $3,891,027Net Assets 2017: $881,1162017Assets 2018: $4,804,817Liabilities 2018: $3,792,360Net Assets 2018: $1,012,4572018Assets 2019: $5,168,842Liabilities 2019: $3,839,308Net Assets 2019: $1,329,5342019Assets 2020: $6,427,378Liabilities 2020: $4,791,844Net Assets 2020: $1,635,5342020Assets 2021: $14,779,223Liabilities 2021: $11,924,132Net Assets 2021: $2,855,0912021Assets 2022: $9,084,523Liabilities 2022: $5,492,984Net Assets 2022: $3,591,5392022Assets 2023: $12,177,708Liabilities 2023: $8,890,614Net Assets 2023: $3,287,0942023Assets 2024: $12,579,550Liabilities 2024: $9,041,466Net Assets 2024: $3,538,0842024

Highlighted filing

2015

Assets$4,931,689
Liabilities$4,764,423
Net Assets$167,266

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $26,302,5462010Revenue 2011: $26,697,518Expenses 2011: $26,560,070Net Income 2011: $137,4482011Expenses 2012: $27,645,5402012Revenue 2013: $29,148,160Expenses 2013: $29,231,079Net Income 2013: -$82,9192013Revenue 2014: $30,109,531Expenses 2014: $30,309,076Net Income 2014: -$199,5452014Revenue 2015: $28,596,376Expenses 2015: $28,949,711Net Income 2015: -$353,3352015Revenue 2016: $30,628,626Expenses 2016: $30,109,620Net Income 2016: $519,0062016Revenue 2017: $31,644,405Expenses 2017: $31,449,561Net Income 2017: $194,8442017Revenue 2018: $33,151,333Expenses 2018: $33,019,992Net Income 2018: $131,3412018Revenue 2019: $36,351,329Expenses 2019: $36,034,252Net Income 2019: $317,0772019Revenue 2020: $38,499,579Expenses 2020: $38,193,579Net Income 2020: $306,0002020Revenue 2021: $56,523,582Expenses 2021: $55,304,025Net Income 2021: $1,219,5572021Revenue 2022: $86,440,230Expenses 2022: $85,703,782Net Income 2022: $736,4482022Revenue 2023: $62,477,099Expenses 2023: $62,781,544Net Income 2023: -$304,4452023Revenue 2024: $67,244,674Expenses 2024: $66,993,684Net Income 2024: $250,9902024

Highlighted filing

2015

Revenue$28,596,376
Expenses$28,949,711
Net Income-$353,335
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$28,616,433
Mission and Program Overview

Mission

Rental assistance received from a government agency under section 8 of the housing assistance payments program. Providing technical assistance and training to low-income rural communities and other agencies in order to provide or enhance their drinking water & waste disposal facilities. Manage hud 202 properties for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,492,754$2,313,538▼ $179,216
Pledges and Grants Receivable$1,381,265$1,609,785▲ $228,520
Land, Buildings, and Equipment, Net$703,016$549,191▼ $153,825
Savings and Temporary Cash Investments$471,664$425,110▼ $46,554
Prepaid Expenses and Deferred Charges$33,631$23,333▼ $10,298
Total Assets$5,093,062$4,931,689▼ $161,373
Other Assets Total$10,732$10,732→ $0
Liabilities
Deferred Revenue-$2,325,216-
Grants Payable$2,188,796--
Mortgage Notes Payable Secured by Investment Property$771,897$1,095,407▲ $323,510
Accounts Payable and Accrued Expenses$901,208$741,618▼ $159,590
Escrow Account Liability$463,210$424,663▼ $38,547
Other Liabilities$247,350$177,519▼ $69,831
Total Liabilities$4,572,461$4,764,423▲ $191,962
Net Assets / Fund Balance
Unrestricted Net Assets$520,601$132,266▼ $388,335
Temporarily Rstr Net Assets-$35,000-
Total Net Assets Fund Balance$520,601$167,266▼ $353,335
Total Liabilities and Net Assets / Fund Balance$5,093,062$4,931,689▼ $161,373

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$288,471$439,937$728,408
Equipment$107,436$359,783$467,219
Other Land Buildings$153,284$278,100$431,384
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen a KollerPresident & CEO/clerkFT$207,837$13,815$221,652
Richard N WatkinsExec VP & Chief Hr OfficerFT$155,560$15,570$171,130
Paul TeixeiraVP & Chief Program OfficerFT$135,220$12,913$148,133
Krystyna DougertChief Financial OfficerFT$135,396$2,195$137,591

Board Members and Trustees

NameTitle
Laura M DownsChairman of the Board
Edwin J Shanahan Iom CaeImmediate Past Chair
Alexandra BavosiVice Chair
Arnold H WenskyDirector
Chantel BetheaDirector
Heather DumaisDirector
Jessica MurdochDirector
Laura McgeeDirector
Scott a BartleyDirector
Sharyn a RiceDirector
Timothy Morse JrDirector
Sarah GalvinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,122,689
Program Service Revenue
$477,620
Investment Income
$9
Other Revenue
$-3,942
All Other Contributions
$69,156
Change in Net Assets
$-353,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,825,875
Salaries, Compensation, and Employee Benefits$4,414,554
Other Expenses$1,709,282
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,825,875--$22,825,875
Other Salaries and Wages$2,592,645$730,056-$3,322,701
Occupancy$335,540$176,011-$511,551
Current Officers, Directors, Trustees, and Key Employees$32,738$455,947-$488,685
Payroll Taxes$266,366$87,950-$354,316
Other Employee Benefits$193,759$35,446-$229,205
Travel$182,490$17,432-$199,922
Depreciation Depletion$114,926$45,588-$160,514
Office Expenses$73,247$39,932-$113,179
Fees for Services Other$102,824$46-$102,870
Fees for Services Management-$89,425-$89,425
Fees for Services Accounting$11,500$27,433-$38,933
Fees for Services Lobbying-$36,000-$36,000
Insurance-$24,520-$24,520
Fees for Services Legal$9,256$11,636-$20,892
Other Expenses$13,084$7,381-$20,465
Pension Plan Contributions$16,356$3,291-$19,647
Conferences and Meetings$6,225$2,403-$8,628
Advertising$37$6,305-$6,342
All Other Expenses$87$185-$272
Total Functional Expenses$27,120,467$1,829,244$0$28,949,711
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,057
Fundraising Gross Income$3,675
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gone to the Birds Gala$27,957$3,675$8,697$-5,022
Total Events$27,957$3,675$20,057$-16,382
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$177,519
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The cfo reviews the form 990 and it is reviewed by the president and ceo. Once final approval has been obtained, the form 990 is submitted to the board of directors, reviewed by the compensation committee, and voted on for approval. Filing is completed by rcap solutions' auditing firm (kevin p. Martin & associates).

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

Rcap solutions conducts policy and procedures training to all employees and staff on an annual basis. As part of the training the rcap solutions conflict of interest policy is covered. All employees are required to sign the conflict of interest policy on an annual basis. Additionally, all new employees undergo a thorough new employee orientation program. As part of the orientation training the rcap solutions conflict of interest policy is covered as well as the requirement for new employees to complete and sign the rcap solutions conflict of interest questionnaire. This training, compliance, and monitoring is under the authority of the rcap solutions' human resources department. In addition, the board of directors conducts a review of compliance with the conflict of interest policy annually each september.

Form 990, Part VI, Section B, Line 15

The board of directors has a compensation committee which reviews an annual study prepared by an independent executive compensation consultant. The ceo's total compensation is voted on and approved by the ceo compensation committee and then by the full board of directors annually. All other employees go through a yearly evaluation by their managers starting in july & finishing in september. Six different competencies are evaluated and goals are set for the coming year. A weighted point system is used to determine a salary increase (if any). During fy 2015 due to major reconfiguration of management, performance reviews were not completed for every employee. Instead, a cost of living increase was provided to employees in good standing. Since then, the yearly evaluation process has been reinstituted, with the evaluations being based upon a calendar year.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon written request to the president of the board of directors or by inspection at the gardner office. In addition, the form 990 is available via guidestar and the massachusetts attorney general's website.

Filing and Contact Details

Filer

Filer Name
Rcap Solutions Inc
EIN
04-2454675
Phone
8004881969
Address
205 SCHOOL STREET, GARDNER, MA 01440

Signing Officer

Name
Karen Koller
Title
President/CEO
Phone
9782975300
Signed
2016-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Koller
Formed
1969
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
97
Volunteers
20

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

Funds held in escrow for tenants who are participating in the family self-sufficiency program under the hud section 8 choice housing voucher program. A portion of the family's monthly rent payment is placed into escrow account. Upon successful completion of the program, the escrowed funds are turned over to the family. If the participant does not complete the program or if they are terminated due to noncompliance with program requirements, the funds are retained by the organization.

PART X, LINE 2:

Gaap prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. For the year ended june 30, 2015, the company has determined that it has not taken any tax positions which would result in an uncertainty requiring recognition in the accompanying consolidated financial statements. The company recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. There was no interest or penalties for the year ended june 30, 2015. Generally, the company's information/tax returns remain open for possible federal income tax examination for three years after the filing date. The company is not currently under examination by any taxing jurisdiction.

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IRS990/ActivityOrMissionDesc0RENTAL ASSISTANCE RECEIVED FROM A GOVERNMENT AGENCY UNDER SECTION 8 OF THE HOUSING ASSISTANCE PAYMENTS PROGRAM. PROVIDING TECHNICAL ASSISTANCE AND TRAINING TO LOW-INCOME RURAL COMMUNITIES AND OTHER AGENCIES IN ORDER TO PROVIDE OR ENHANCE THEIR DRINKING WATER & WASTE DISPOSAL FACILITIES. MANAGE HUD 202 PROPERTIES FOR THE ELDERLY.
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IRS990/Desc0CLIENT RESOURCES - THE CLIENT RESOURCES DIVISION WORKS WITH ELIGIBLEINDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OFAFFORDABLE HOUSING, HOMELESSNESS PREVENTION, AND FAMILY UNIFICATION ANDSELF-SUFFICIENCY SERVICES. THESE SERVICES INCLUDE HOUSING ASSISTANCEPAYMENTS FOR LOW INCOME TENANTS, TRANSITIONAL HOUSING AND ASSISTANCEFOR THE HOMELESS OR THOSE FLEEING DOMESTIC VIOLENCE, LANDLORD TENANTMEDIATION, AND TRAINING AND SUPPORT FOR PROPERTY OWNERS AND FIRST TIMEHOMEOWNERS.
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IRS990/Form990PartVIISectionAGrp/PersonNm5JESSICA MURDOCH
IRS990/Form990PartVIISectionAGrp/PersonNm6KAREN A KOLLER
IRS990/Form990PartVIISectionAGrp/PersonNm7LAURA M DOWNS
IRS990/Form990PartVIISectionAGrp/PersonNm8LAURA MCGEE
IRS990/Form990PartVIISectionAGrp/PersonNm9SARAH GALVIN
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT A BARTLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11SHARYN A RICE
IRS990/Form990PartVIISectionAGrp/PersonNm12TIMOTHY MORSE JR
IRS990/Form990PartVIISectionAGrp/PersonNm13KRYSTYNA DOUGERT
IRS990/Form990PartVIISectionAGrp/PersonNm14PAUL TEIXEIRA
IRS990/Form990PartVIISectionAGrp/PersonNm15RICHARD N WATKINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6218565
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13135396
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14135220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15155560
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT & CEO/CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP & CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXEC VP & CHIEF HR OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01969
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt024282
IRS990/FundraisingDirectExpensesAmt020057
IRS990/FundraisingGrossIncomeAmt03675
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt028029251
IRS990/GrantAmt022825875
IRS990/GrantsPayableGrp/BOYAmt02188796
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt022825875
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt022825875
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt028616433
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt024520
IRS990/InsuranceGrp/TotalAmt024520
IRS990/InvestmentIncomeGrp/ExclusionAmt09
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt047
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01077820
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0703016
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0549191
IRS990/LandBldgEquipCostOrOtherBssAmt01627011
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt012440
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt012440
IRS990/MissionDesc0RENTAL ASSISTANCE RECEIVED FROM A GOVERNMENT AGENCY UNDER SECTION 8 OF THE HOUSING ASSISTANCE PAYMENTS PROGRAM. PROVIDING TECHNICAL ASSISTANCE AND TRAINING TO LOW-INCOME RURAL COMMUNITIES AND OTHER AGENCIES IN ORDER TO PROVIDE OR ENHANCE THEIR DRINKING WATER & WASTE DISPOSAL FACILITIES. MANAGE HUD 202 PROPERTIES FOR THE ELDERLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0771897
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01095407
IRS990/NetAssetsOrFundBalancesBOYAmt0520601
IRS990/NetAssetsOrFundBalancesEOYAmt0167266
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-16382
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-16382
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0750
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0176011
IRS990/OccupancyGrp/ProgramServicesAmt0335540
IRS990/OccupancyGrp/TotalAmt0511551
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt039932
IRS990/OfficeExpensesGrp/ProgramServicesAmt073247
IRS990/OfficeExpensesGrp/TotalAmt0113179
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010732
IRS990/OtherAssetsTotalGrp/EOYAmt010732
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035446
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0193759
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0229205
IRS990/OtherExpensesGrp/Desc0PROVISION MATERIAL GOOD
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES & MATE
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc3STAFF TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05617
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27381
IRS990/OtherExpensesGrp/ProgramServicesAmt0239524
IRS990/OtherExpensesGrp/ProgramServicesAmt198395
IRS990/OtherExpensesGrp/ProgramServicesAmt25593
IRS990/OtherExpensesGrp/ProgramServicesAmt313084
IRS990/OtherExpensesGrp/TotalAmt0239524
IRS990/OtherExpensesGrp/TotalAmt1104012
IRS990/OtherExpensesGrp/TotalAmt232233
IRS990/OtherExpensesGrp/TotalAmt320465
IRS990/OtherLiabilitiesGrp/BOYAmt0247350
IRS990/OtherLiabilitiesGrp/EOYAmt0177519
IRS990/OtherRevenueTotalAmt012440
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0730056
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02592645
IRS990/OtherSalariesAndWagesGrp/TotalAmt03322701
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt087950
IRS990/PayrollTaxesGrp/ProgramServicesAmt0266366
IRS990/PayrollTaxesGrp/TotalAmt0354316
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03291
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016356
IRS990/PensionPlanContributionsGrp/TotalAmt019647
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01381265
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01609785
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033631
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023333
IRS990/PrincipalOfficerNm0KAREN KOLLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING
IRS990/ProgramServiceRevenueGrp/Desc2INTERNAL SUBSIDY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3PROPERTY DEVELOPMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc4BUILDING INSPECTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0314831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106357
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231232
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314280
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt410920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0314831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106357
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410920
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY RESOURCES - THE COMMUNITY RESOURCES DIVISION WORKS WITH THE COMMUNITIES THROUGHOUT THE NORTHEAST, PUERTO RICO AND THE U.S. VIRGIN ISLANDS TO PROMOTE PUBLIC, ENVIRONMENTAL, AND ECONOMIC HEALTH BY PROVIDING CONSULTING, PLANNING, FINANCING, BUILD-OUT OVERSIGHT, REGULATORY AND COMPLIANCE OVERSIGHT, MANAGEMENT, AND OPERATIONAL SUPPORT FOR A WIDE RANGE OF COMMUNITY DEVELOPMENT AND INFRASTRUCTURE PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01372929
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0106357
IRS990/ProgSrvcAccomActy3Grp/Desc0PROPERTY MANAGEMENT AND DEVELOPMENT - THE PROPERTY MANAGEMENT AND DEVELOPMENT DIVISION OVERSEES THE OPERATIONS OF ALL RESIDENTIAL RENTAL PROPERTIES, AS WELL AS DEVELOPMENT ACTIVITY, TO ITS PROPERTIES LOCATED IN CENTRAL MASSACHUSETTS. THE COMPANY'S PORTFOLIO CURRENTLY INCLUDES NINE AFFORDABLE HOUSING PROJECTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0209500
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0281047
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029564961
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt024344430
IRS990/PYInvestmentIncomeAmt09
IRS990/PYOtherExpensesAmt01953078
IRS990/PYOtherRevenueAmt013555
IRS990/PYProgramServiceRevenueAmt0531006
IRS990/PYRevenuesLessExpensesAmt0-199545
IRS990/PYSalariesCompEmpBnftPaidAmt04011568
IRS990/PYTotalExpensesAmt030309076
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030109531
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-353335
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt054013
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0471664
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0425110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt028122689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt029564961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt028570684

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.6$9.04$3.54$67.2$67.0$0.25
2023Detailed filing. Detailed filing data is available for this year.$12.2$8.89$3.29$62.5$62.8$0.30
2022Detailed filing. Detailed filing data is available for this year.$9.08$5.49$3.59$86.4$85.7$0.74
2021Detailed filing. Detailed filing data is available for this year.$14.8$11.9$2.86$56.5$55.3$1.22
2020Detailed filing. Detailed filing data is available for this year.$6.43$4.79$1.64$38.5$38.2$0.31
2019Detailed filing. Detailed filing data is available for this year.$5.17$3.84$1.33$36.4$36.0$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.80$3.79$1.01$33.2$33.0$0.13
2017Detailed filing. Detailed filing data is available for this year.$4.77$3.89$0.88$31.6$31.4$0.19
2016Detailed filing. Detailed filing data is available for this year.$5.29$4.61$0.69$30.6$30.1$0.52
2015Detailed filing. Detailed filing data is available for this year.$4.93$4.76$0.17$28.6$28.9$0.35
2014Detailed filing. Detailed filing data is available for this year.$5.09$4.57$0.52$30.1$30.3$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$4.30$0.72$29.1$29.2$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$3.18$0.80$27.6
2011Summary only. Only limited summary data is available for this year.$4.34$3.38$0.96$26.7$26.6$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$3.51$0.82$26.3