Civic Intelligence

First Baptist Beverly Housing for the Elderly Inc

EIN 04-2645063 • 501(c)3 • Beverly, MA

Profile

To provide safe high quality affordable housing for low income elders.

PO Box 507Beverly, MA 01915

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2014

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

96th percentile

85%

Higher net margin than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$168,497

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 181.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-99%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $5,391,858 (-100%) from 2013

Liabilities

Down

$0

Down $129,544 (-100%) from 2013

Net Assets

Down

$0

Down $5,262,314 (-100%) from 2013

Revenue

Down

$92,911

Down $8,804,783 (-99%) from 2013

Expenses

Down

$14,193

Down $1,544,672 (-99%) from 2013

Net Income

Down

$78,718

Down $7,260,111 (-99%) from 2013

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $4,163,868Liabilities 2010: $6,352,869Net Assets 2010: -$2,189,0012010Assets 2011: $4,143,209Liabilities 2011: $6,286,591Net Assets 2011: -$2,143,3822011Assets 2012: $4,117,626Liabilities 2012: $6,194,141Net Assets 2012: -$2,076,5152012Assets 2013: $5,391,858Liabilities 2013: $129,544Net Assets 2013: $5,262,3142013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0Expenses 2010: $1,456,4692010Expenses 2011: $1,510,0412011Expenses 2012: $1,510,8102012Revenue 2013: $8,897,694Expenses 2013: $1,558,865Net Income 2013: $7,338,8292013Revenue 2014: $92,911Expenses 2014: $14,193Net Income 2014: $78,7182014

Highlighted filing

2014

Revenue$92,911
Expenses$14,193
Net Income$78,718

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 15, 2015
Return Version
2014v5.0
Gross Receipts
$93,463
Mission and Program Overview

Mission

To provide safe high quality affordable housing for low income elders.

To provide affordable housing and services to low income elders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$25,049$0▼ $25,049
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,391,858$0▼ $5,391,858
Other Assets Total$5,366,809$0▼ $5,366,809
Liabilities
Other Liabilities$119,844$0▼ $119,844
Accounts Payable and Accrued Expenses$9,700--
Total Liabilities$129,544$0▼ $129,544
Net Assets / Fund Balance
Unrestricted Net Assets$5,262,314$0▼ $5,262,314
Total Net Assets Fund Balance$5,262,314$0▼ $5,262,314
Total Liabilities and Net Assets / Fund Balance$5,391,858$0▼ $5,391,858
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul LanzikosPresident
Bill SchneiderVice President/treasurer
Douglas NeilandDirector
Larry NelsonDirector
Andrew DefranzaExecutive Director
Nelda QuigleyClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$92,911
Other Revenue
$0
Change in Net Assets
$78,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$92,911
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$92,911
Total Revenue per Form 990
$92,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,193
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-$8,000-$8,000
Other Expenses$5,479$501-$501
Insurance$169--$169
Office Expenses-$44-$44
Total Functional Expenses$5,648$8,545$0$14,193

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,193
Total Expenses per Audited Statements$14,193
Total Expenses per Form 990$14,193
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has an agreement with harborlight community partners to provide management services to the project.

Form 990, Part VI, Section A, Line 6

There is only one member of turtle woods corporation: first baptist church. The church has ultimate control.

Form 990, Part VI, Section A, Line 7A

Ultimately, all decisions could be subject to member approval. In operation, the governing bodies decision about directors and officers is subject to member approval annually.

Form 990, Part VI, Section A, Line 7B

Ultimately, all decisions could be subject to member approval. In operation, the governing bodies decision about directors and officers is subject to member approval annually.

Form 990, Part VI, Section B, Line 11

The audit and finance committee review the form 990 before it is filed. It is then electroncially submitted to board members for review, who then approve it. The form is then signed and submitted.

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

The organization consistently monitors to ensure enforcement of compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The organization will make its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon request. In addition, the form 990 is available via guidestar and the massachusetts attorney general's website.

Filing and Contact Details

Filer

Filer Name
First Baptist Beverly Housing for the Elderly Inc
EIN
04-2645063
Phone
9789221305
Address
PO BOX 507, BEVERLY, MA 01915

Signing Officer

Name
Ken Redford
Title
CFO
Phone
9789221305
Signed
2015-10-15

Organization Details

Principal Officer
Ken Redford
Formed
1973
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Otis Atwell
Address
324 GANNETT DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Thomas Gioia
Phone
2077801100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer of assets due to merger -5,393,630.

Raw XML AppendixShowing 400 of 550 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08854
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW DEFRANZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0168497
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0ASSETS TRANSFERRED DUE TO MERGER INCLUDED CASH, SECURITIES, NOTES RECEIVABLE AND INTEREST RECEIVABLE. LIABILITES INCLUDED ACCOUNTS PAYABLE AND ACCRUED EXPENSES.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH IN BEVERLY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-12-11
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0042253860
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt05393630
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0221 CABOT STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0BEVERLY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd001915
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AN AGREEMENT WITH HARBORLIGHT COMMUNITY PARTNERS TO PROVIDE MANAGEMENT SERVICES TO THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS ONLY ONE MEMBER OF TURTLE WOODS CORPORATION: FIRST BAPTIST CHURCH. THE CHURCH HAS ULTIMATE CONTROL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ULTIMATELY, ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODIES DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ULTIMATELY, ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODIES DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AUDIT AND FINANCE COMMITTEE REVIEW THE FORM 990 BEFORE IT IS FILED. IT IS THEN ELECTRONCIALLY SUBMITTED TO BOARD MEMBERS FOR REVIEW, WHO THEN APPROVE IT. THE FORM IS THEN SIGNED AND SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION CONSISTENTLY MONITORS TO ENSURE ENFORCEMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFER OF ASSETS DUE TO MERGER -5,393,630.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0043395839
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1464088797
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HLH AFFORDABLE HOUSING INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1TURTLE CREEK HOUSING MM LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0221 CABOT STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1283 ELLIOTT STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BEVERLY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1BEVERLY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd001915
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd101915
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0043395841
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1364773123
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0HLH AFFORDABLE HOUSING LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1TURTLE CREEK HOUSING LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0221 CABOT STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1POB 507
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0BEVERLY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1BEVERLY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd001915
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd101915
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH IN BEVERLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TURTLE WOODS CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2HARBORLIGHT CUMMUNITY PARTNERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3FIREHOUSE PLACE INC

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