Civic Intelligence

Carlisle Elderly Housing Assn Inc.

990 • Fiscal year 2021 • EIN 04-2695253

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 24, 2022

145 Church Street PO Box 207Carlisle, MA 01741-0207

(978) 369-5968

Siviq Scores

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

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.93x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

25%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

41st percentile

$13,995

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.6%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

5.0%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,437,160

Up $23,069 (+1.6%) from 2020

Net Assets

Up

$1,286,418

Up $40,258 (+3.2%) from 2020

Liabilities

Down

$150,742

Down $17,189 (-10%) from 2020

Revenue

Up

$161,468

Up $7,625 (+5.0%) from 2020

Expenses

Up

$121,210

Up $7,906 (+7.0%) from 2020

Net Income

Down

$40,258

Down $281 (-0.7%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,236,078Liabilities 2011: $313,090Net Assets 2011: $922,9882011Assets 2012: $1,263,210Liabilities 2012: $298,054Net Assets 2012: $965,1562012Assets 2013: $1,284,537Liabilities 2013: $282,100Net Assets 2013: $1,002,4372013Assets 2014: $1,313,036Liabilities 2014: $266,156Net Assets 2014: $1,046,8802014Assets 2015: $1,321,578Liabilities 2015: $249,473Net Assets 2015: $1,072,1052015Assets 2016: $1,333,983Liabilities 2016: $232,876Net Assets 2016: $1,101,1072016Assets 2017: $1,357,681Liabilities 2017: $217,484Net Assets 2017: $1,140,1972017Assets 2018: $1,378,381Liabilities 2018: $200,743Net Assets 2018: $1,177,6382018Assets 2019: $1,389,906Liabilities 2019: $184,285Net Assets 2019: $1,205,6212019Assets 2020: $1,414,091Liabilities 2020: $167,931Net Assets 2020: $1,246,1602020Assets 2021: $1,437,160Liabilities 2021: $150,742Net Assets 2021: $1,286,4182021Assets 2022: $1,434,625Liabilities 2022: $134,136Net Assets 2022: $1,300,4892022Assets 2023: $1,438,145Liabilities 2023: $116,433Net Assets 2023: $1,321,7122023Assets 2024: $1,434,915Liabilities 2024: $98,743Net Assets 2024: $1,336,1722024

Highlighted filing

2021

Assets$1,437,160
Liabilities$150,742
Net Assets$1,286,418

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2011: $152,566Expenses 2011: $122,594Net Income 2011: $29,9722011Revenue 2012: $160,238Expenses 2012: $118,070Net Income 2012: $42,1682012Revenue 2013: $157,301Expenses 2013: $120,020Net Income 2013: $37,2812013Revenue 2014: $153,956Expenses 2014: $109,513Net Income 2014: $44,4432014Revenue 2015: $151,974Expenses 2015: $126,749Net Income 2015: $25,2252015Revenue 2016: $147,329Expenses 2016: $118,327Net Income 2016: $29,0022016Revenue 2017: $149,759Expenses 2017: $110,669Net Income 2017: $39,0902017Revenue 2018: $149,941Expenses 2018: $112,500Net Income 2018: $37,4412018Revenue 2019: $150,421Expenses 2019: $122,438Net Income 2019: $27,9832019Revenue 2020: $153,843Expenses 2020: $113,304Net Income 2020: $40,5392020Revenue 2021: $161,468Expenses 2021: $121,210Net Income 2021: $40,2582021Revenue 2022: $160,273Expenses 2022: $146,202Net Income 2022: $14,0712022Revenue 2023: $170,821Expenses 2023: $149,598Net Income 2023: $21,2232023Revenue 2024: $171,513Expenses 2024: $157,053Net Income 2024: $14,4602024

Highlighted filing

2021

Revenue$161,468
Expenses$121,210
Net Income$40,258
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 24, 2022
Return Version
2021v4.2
Gross Receipts
$161,468
Mission and Program Overview

Mission

Providing low income housing to eligible elderly households meeting usda rd and hud eligibility requirements. The property is comprised of 18 low-income units in carlisle, ma.

Providing low income housing to eligible elderly households meeting usda rd and hud eligibility

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,070,550$1,122,147▲ $51,597
Savings and Temporary Cash Investments$266,378$283,628▲ $17,250
Cash and Non-Interest-Bearing Accounts$69,372$23,591▼ $45,781
Total Assets$1,414,091$1,437,160▲ $23,069
Other Assets Total$7,791$7,794▲ $3
Liabilities
Mortgage Notes Payable Secured by Investment Property$159,555$142,522▼ $17,033
Other Liabilities$7,769$7,772▲ $3
Accounts Payable and Accrued Expenses$607$448▼ $159
Total Liabilities$167,931$150,742▼ $17,189
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,246,160$1,286,418▲ $40,258
Total Net Assets Fund Balance$1,246,160$1,286,418▲ $40,258
Total Liabilities and Net Assets / Fund Balance$1,414,091$1,437,160▲ $23,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,008,940-$1,008,940
Land$75,026-$75,026
Equipment$38,181-$38,181
Compensation and Service Providers

Employees

NameTitleBaseTotal
Carl ClineDirector$13,995$13,995

Board Members and Trustees

NameTitle
Sam PietropaoloPresident
J Bev YoungDirector
Pamela RolesDirector
Ralph AndersonDirector
David GuarinoSecretary
Charles ForsbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,458
Program Service Revenue
$107,495
Investment Income
$479
Other Revenue
$5,036
Change in Net Assets
$40,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,957
Salaries, Compensation, and Employee Benefits$19,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$23,073--$23,073
Fees for Services Management-$14,824-$14,824
Current Officers, Directors, Trustees, and Key Employees$13,995--$13,995
Insurance$12,577$747-$13,324
Interest$12,469--$12,469
Other Salaries and Wages$3,637--$3,637
Fees for Services Accounting-$2,200-$2,200
Payroll Taxes$1,621--$1,621
Office Expenses-$1,344-$1,344
Other Expenses$70$725-$70
Total Functional Expenses$101,370$19,840$0$121,210
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
Tenant Security Deposits$7,772
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has contracted with hodges development corporation to handle the day to day rental operations. The management company reports to the bod and acts under the authority of the bod.

Form 990, Part VI, Section A, Line 6

The organization's governing documents provide that any resident of the town of carlisle, ma is eligible to become a member of the organization.

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

The member of the organization elect the bod to manage the association.

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

Form 990 is available to the public upon request.

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

REVIEWED AT MEETINGS.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Carlisle Elderly Housing
EIN
04-2695253
Phone
9783695968
Address
145 CHURCH STREET PO BOX 207, CARLISLE, MA 01741-0207

Signing Officer

Name
Sam Pietropaolo
Title
President
Phone
9783695968
Signed
2022-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Pietropaolo
Formed
1979
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
3
Volunteers
6

Preparer

Firm
Leone Mcdonnell & Roberts Pa
Address
5 NELSON STREET, DOVER, NH 03820
Preparer
Evan J Stowell
Phone
6037492700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The association is not a taypaying entity for federal or state income tax purposes; accordingly, a provision for income taxes has not been recorded in the accompanying financial statements; no reserves for uncertain income tax positions were recorded; and the association did not record a cumulative effect adjustment related to the adoption of asc 740-10.

Raw XML Appendix393 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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IRS990ScheduleA/PublicSupportPY170Pct00.95510
IRS990ScheduleA/PublicSupportTotal170Amt0230252
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt048458
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt047015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt043314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt046343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045122
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0230252
IRS990ScheduleA/TotalSupportAmt0244325
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01008940
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01008940
IRS990ScheduleD/EquipmentGrp/BookValueAmt038181
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038181
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt075026
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075026
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS NOT A TAYPAYING ENTITY FOR FEDERAL OR STATE INCOME TAX PURPOSES; ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS; NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED; AND THE ASSOCIATION DID NOT RECORD A CUMULATIVE EFFECT ADJUSTMENT RELATED TO THE ADOPTION OF ASC 740-10.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01122147
IRS990ScheduleD/TotalLiabilityAmt07772
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH HODGES DEVELOPMENT CORPORATION TO HANDLE THE DAY TO DAY RENTAL OPERATIONS. THE MANAGEMENT COMPANY REPORTS TO THE BOD AND ACTS UNDER THE AUTHORITY OF THE BOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS PROVIDE THAT ANY RESIDENT OF THE TOWN OF CARLISLE, MA IS ELIGIBLE TO BECOME A MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER OF THE ORGANIZATION ELECT THE BOD TO MANAGE THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEWED AT MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01414091
IRS990/TotalAssetsEOYAmt01437160
IRS990/TotalAssetsGrp/BOYAmt01414091
IRS990/TotalAssetsGrp/EOYAmt01437160
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt048458
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019840
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0101370
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121210
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0167931
IRS990/TotalLiabilitiesEOYAmt0150742
IRS990/TotalLiabilitiesGrp/BOYAmt0167931
IRS990/TotalLiabilitiesGrp/EOYAmt0150742
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01246160
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01286418
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0101370
IRS990/TotalProgramServiceRevenueAmt0107495
IRS990/TotalReportableCompFromOrgAmt013995
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161468
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01414091
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01437160
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0145 CHURCH STREET PO BOX 207
IRS990/USAddress/CityNm0CARLISLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0017410207
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CARLISLE.ORG/CEHA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SAM PIETROPAOLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09783695968
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARLISLE ELDERLY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CARL
ReturnHeader/Filer/EIN0042695253
ReturnHeader/Filer/PhoneNum09783695968
ReturnHeader/Filer/USAddress/AddressLine1Txt0145 CHURCH STREET PO BOX 207
ReturnHeader/Filer/USAddress/CityNm0CARLISLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0017410207
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020417217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEONE MCDONNELL & ROBERTS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05 NELSON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003820
ReturnHeader/PreparerPersonGrp/PhoneNum06037492700
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVAN J STOWELL
ReturnHeader/ReturnTs02022-05-04T08:11:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PIETROPAOLO
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.10$1.34$0.17$0.16$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.12$1.32$0.17$0.15$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.13$1.30$0.16$0.15$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.15$1.29$0.16$0.12$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.17$1.25$0.15$0.11$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.18$1.21$0.15$0.12$0.03
2018Summary only. Only limited summary data is available for this year.$1.38$0.20$1.18$0.15$0.11$0.04
2017Summary only. Only limited summary data is available for this year.$1.36$0.22$1.14$0.15$0.11$0.04
2016Summary only. Only limited summary data is available for this year.$1.33$0.23$1.10$0.15$0.12$0.03
2015Summary only. Only limited summary data is available for this year.$1.32$0.25$1.07$0.15$0.13$0.03
2014Summary only. Only limited summary data is available for this year.$1.31$0.27$1.05$0.15$0.11$0.04
2013Summary only. Only limited summary data is available for this year.$1.28$0.28$1.00$0.16$0.12$0.04
2012Summary only. Only limited summary data is available for this year.$1.26$0.30$0.97$0.16$0.12$0.04
2011Summary only. Only limited summary data is available for this year.$1.24$0.31$0.92$0.15$0.12$0.03