Civic Intelligence

Coalition for a Better Acre Inc.

990 • Fiscal year 2014 • EIN 04-2760272

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 07, 2015

Organization ProfileN/A

View Organization Page

517 Moody StreetLowell, MA 01854

(978) 452-7523

Siviq Scores

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

Liabilities / Assets

48th percentile

0.23x

Higher debt load relative to assets than 48% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

2.57x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

30th percentile

-0.9%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

56th percentile

6.0%

Faster revenue growth than 56% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$18,779,731

Down $179,695 (-0.9%) from 2013

Net Assets

Up

$14,537,045

Up $488,719 (+3.5%) from 2013

Liabilities

Down

$4,242,686

Down $668,414 (-14%) from 2013

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin84th percentile

Revenue

Up

$1,647,897

Up $93,868 (+6.0%) from 2013

Expenses

Up

$1,159,178

Up $97,710 (+9.2%) from 2013

Net Income

Down

$488,719

Down $3,842 (-0.8%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$60M$40M$20M$0Assets 2010: $15,089,363Liabilities 2010: $3,702,516Net Assets 2010: $11,386,8472010Assets 2011: $16,841,118Liabilities 2011: $3,884,969Net Assets 2011: $12,956,1492011Assets 2012: $17,975,539Liabilities 2012: $4,419,774Net Assets 2012: $13,555,7652012Assets 2013: $18,959,426Liabilities 2013: $4,911,100Net Assets 2013: $14,048,3262013Assets 2014: $18,779,731Liabilities 2014: $4,242,686Net Assets 2014: $14,537,0452014Assets 2015: $20,232,268Liabilities 2015: $4,628,025Net Assets 2015: $15,604,2432015Assets 2016: $20,671,677Liabilities 2016: $2,182,117Net Assets 2016: $18,489,5602016Assets 2017: $22,191,253Liabilities 2017: $2,805,156Net Assets 2017: $19,386,0972017Assets 2018: $26,513,683Liabilities 2018: $7,542,019Net Assets 2018: $18,971,6642018Assets 2019: $26,942,883Liabilities 2019: $7,581,682Net Assets 2019: $19,361,2012019Assets 2020: $29,747,624Liabilities 2020: $8,211,410Net Assets 2020: $21,536,2142020Assets 2021: $30,726,937Liabilities 2021: $8,209,625Net Assets 2021: $22,517,3122021Assets 2022: $36,090,256Liabilities 2022: $12,181,321Net Assets 2022: $23,908,9352022Assets 2023: $37,585,900Liabilities 2023: $12,772,442Net Assets 2023: $24,813,4582023Assets 2024: $40,571,048Liabilities 2024: $14,379,377Net Assets 2024: $26,191,6712024

Highlighted filing

2014

Assets$18,779,731
Liabilities$4,242,686
Net Assets$14,537,045
Open 2014 Filing

Operations Trend

Revenue Growth56th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,148,7932010Expenses 2011: $1,152,9222011Expenses 2012: $1,054,5712012Revenue 2013: $1,554,029Expenses 2013: $1,061,468Net Income 2013: $492,5612013Revenue 2014: $1,647,897Expenses 2014: $1,159,178Net Income 2014: $488,7192014Revenue 2015: $2,290,021Expenses 2015: $1,222,823Net Income 2015: $1,067,1982015Revenue 2016: $4,313,348Expenses 2016: $1,428,031Net Income 2016: $2,885,3172016Revenue 2017: $2,393,974Expenses 2017: $1,497,437Net Income 2017: $896,5372017Revenue 2018: $3,635,816Expenses 2018: $2,842,976Net Income 2018: $792,8402018Revenue 2019: $2,839,026Expenses 2019: $2,449,489Net Income 2019: $389,5372019Revenue 2020: $4,340,042Expenses 2020: $2,384,729Net Income 2020: $1,955,3132020Revenue 2021: $3,677,279Expenses 2021: $2,696,181Net Income 2021: $981,0982021Revenue 2022: $4,512,668Expenses 2022: $3,121,045Net Income 2022: $1,391,6232022Revenue 2023: $4,483,773Expenses 2023: $3,579,250Net Income 2023: $904,5232023Revenue 2024: $5,771,082Expenses 2024: $4,392,869Net Income 2024: $1,378,2132024

Highlighted filing

2014

Revenue$1,647,897
Expenses$1,159,178
Net Income$488,719
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 7, 2015
Return Version
2014v5.0
Gross Receipts
$1,647,897
Mission and Program Overview

Mission

Community development programs provide support and training for the development of affordable housing in the community and for educating residents of problem housing

Community development programs provide support, training and affordable housing for residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,053,249$11,367,593▼ $685,656
Investments Program Related$325,247$1,836,088▲ $1,510,841
Land, Buildings, and Equipment, Net$2,982,224$1,725,853▼ $1,256,371
Cash and Non-Interest-Bearing Accounts$943,555$914,775▼ $28,780
Savings and Temporary Cash Investments$486,635$601,727▲ $115,092
Accounts Receivable$198,263$175,146▼ $23,117
Prepaid Expenses and Deferred Charges$15,184$6,052▼ $9,132
Total Assets$18,959,426$18,779,731▼ $179,695
Other Assets Total$1,955,069$2,152,497▲ $197,428
Liabilities
Other Liabilities$3,171,893$3,436,730▲ $264,837
Unsecured Notes Loans Payable$1,602,125$665,000▼ $937,125
Accounts Payable and Accrued Expenses$137,082$140,956▲ $3,874
Total Liabilities$4,911,100$4,242,686▼ $668,414
Net Assets / Fund Balance
Unrestricted Net Assets$12,648,325$13,231,445▲ $583,120
Permanently Rstr Net Assets$1,395,001$1,300,600▼ $94,401
Temporarily Rstr Net Assets$5,000$5,000→ $0
Total Net Assets Fund Balance$14,048,326$14,537,045▲ $488,719
Total Liabilities and Net Assets / Fund Balance$18,959,426$18,779,731▼ $179,695

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,503,430--
Land$1,725,415--
Equipment$438$120,231-
Other Assets Org$2,152,497--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Elkin MontoyaPresident
Davin OulletteVice President
Carlos GonzalezDirector
Cheryl StaffordDirector
Craig ThomasDirector
Dahvy TranDirector
Geraldo VidalDirector
Maria ClaudioDirector
Paul GaudetDirector
Sousalina SokhDirector
William HeathDirector
Diane GeggisClerk
Charles V SullivanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$476,298
Program Service Revenue
$0
Investment Income
$491,971
Other Revenue
$679,628
All Other Contributions
$476,298
Change in Net Assets
$488,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,647,897
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,647,897
Total Revenue per Form 990
$1,647,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$804,620
Other Expenses$354,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$482,343$134,764-$617,107
Other Employee Benefits$104,601$33,190-$137,791
Occupancy$12,800$52,941-$65,741
Fees for Services Legal-$62,952-$62,952
Payroll Taxes$41,980$7,742-$49,722
Office Expenses$3,128$32,196-$35,324
Travel$5,390$14,195-$19,585
All Other Expenses$4,224$11,280-$15,504
Interest-$15,000-$15,000
Other Expenses$6,994$3,899-$10,893
Insurance-$3,908-$3,908
Depreciation Depletion-$1,719-$1,719
Total Functional Expenses$689,179$469,999$0$1,159,178

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,159,178
Total Expenses per Audited Statements$1,159,178
Total Expenses per Form 990$1,159,178
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$3,436,730
Governance and Compliance

Governance Checklist

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

“Management thoroughly reviews the form 990 before providing a copy to the governing body and filing.”

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

“The company reviews the policy annually at a board meeting where board members sign an affidavit stating that they will adhere to the policy.”

Form 990, Part VI, Section B, Line 15

“A review of compensation for executive directors of comparably sized community development corporations was performed by the board in conjuction with the hiring of the executive director. The executive director periodically reviews such data for key management staff to ensure salaries are in line with comparable organizations by size, geography and mission focus.”

Form 990, Part VI, Section C, Line 19

“These documents are available to the public on request.”

Filing and Contact Details

Filer

Filer Name
Coalition for a Better Acre Inc
EIN
04-2760272
Phone
9784527523
Address
517 MOODY STREET, LOWELL, MA 01854

Signing Officer

Name
Charles Sullivan
Title
Treasurer
Phone
9784527523
Signed
2015-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Sullivan
Formed
1982
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
101 ARCH STREET SUITE 1000, BOSTON, MA 02110
Preparer
James Mcgowan
Phone
6173301920
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The company assumes the responsibility for the oversight of the audit of its financial statements and the selection of the independent accountant.”

PART IX LINE 24E ALL OTHER EXPENSES:

“Telephone $ 9,311 miscellaneous 6,193 total other expenses $15,504”

Financial Statement Notes

PART X, LINE 2:

“No provision has been made for income taxes since the corporation was formed as a tax exempt organization and has been granted section 501(c) (3) status by the internal revenue service the preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the company to report information regarding its exposure to various tax positions taken by the company. The company has determined whether any tax positions have met the recognition threshold and have measured the company's exposure to those tax positions. Management believes that the company has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the company are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.”

Raw XML AppendixShowing 400 of 866 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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IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt014737
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt014737
IRS990/MissionDesc0COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT AND TRAINING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE COMMUNITY AND FOR EDUCATING RESIDENTS OF PROBLEM HOUSING
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014048326
IRS990/NetAssetsOrFundBalancesEOYAmt014537045
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt052941
IRS990/OccupancyGrp/ProgramServicesAmt012800
IRS990/OccupancyGrp/TotalAmt065741
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032196
IRS990/OfficeExpensesGrp/ProgramServicesAmt03128
IRS990/OfficeExpensesGrp/TotalAmt035324
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01955069
IRS990/OtherAssetsTotalGrp/EOYAmt02152497
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033190
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0104601
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0137791
IRS990/OtherExpensesGrp/Desc0CONTRACTED FEES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt073799
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113474
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28940
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33899
IRS990/OtherExpensesGrp/ProgramServicesAmt015385
IRS990/OtherExpensesGrp/ProgramServicesAmt19108
IRS990/OtherExpensesGrp/ProgramServicesAmt23226
IRS990/OtherExpensesGrp/ProgramServicesAmt36994
IRS990/OtherExpensesGrp/TotalAmt089184
IRS990/OtherExpensesGrp/TotalAmt122582
IRS990/OtherExpensesGrp/TotalAmt212166
IRS990/OtherExpensesGrp/TotalAmt310893
IRS990/OtherLiabilitiesGrp/BOYAmt03171893
IRS990/OtherLiabilitiesGrp/EOYAmt03436730
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0DEVELOPEMENT OVERHEAD
IRS990/OtherRevenueMiscGrp/Desc1GROUND LEASE INCOME
IRS990/OtherRevenueMiscGrp/Desc2MANAGEMENT AND INVESTO
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0412989
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1223902
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt228000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0412989
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1223902
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt228000
IRS990/OtherRevenueTotalAmt0679628
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0134764
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0482343
IRS990/OtherSalariesAndWagesGrp/TotalAmt0617107
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012053249
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt011367593
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07742
IRS990/PayrollTaxesGrp/ProgramServicesAmt041980
IRS990/PayrollTaxesGrp/TotalAmt049722
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01395001
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01300600
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015184
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06052
IRS990/PrincipalOfficerNm0CHARLES SULLIVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0690532
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0597152
IRS990/PYOtherExpensesAmt0354156
IRS990/PYOtherRevenueAmt0266345
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0492561
IRS990/PYSalariesCompEmpBnftPaidAmt0707312
IRS990/PYTotalExpensesAmt01061468
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01554029
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0488719
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01155926
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0486635
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0601727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0476298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0690532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0442093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0629173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01227780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03465876
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0491971
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0597152
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0565560
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0446713
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0445640
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02547036
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02380769
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0455726
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt045427
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt051441
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0255882
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt061751
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0870227
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50350
IRS990ScheduleA/PublicSupportPY170Pct00.53380
IRS990ScheduleA/PublicSupportTotal170Amt03465876
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0476298
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0690532
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0442093
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0629173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01227780
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03465876
IRS990ScheduleA/TotalSupportAmt06883139
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/EquipmentGrp/BookValueAmt0438
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120231
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0120669
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01159178
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0332658
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11503430
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN UNWRAPPED INC.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN ENTITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt01725415
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01725415
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02152497
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03436730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01647897
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE CORPORATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C) (3) STATUS BY THE INTERNAL REVENUE SERVICE THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01725853
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02152497
IRS990ScheduleD/TotalBookValueProgramRltdAmt01836088
IRS990ScheduleD/TotalExpensesPerForm990Amt01159178
IRS990ScheduleD/TotalLiabilityAmt03436730
IRS990ScheduleD/TotalRevenuePerForm990Amt01647897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01647897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01159178
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT THOROUGHLY REVIEWS THE FORM 990 BEFORE PROVIDING A COPY TO THE GOVERNING BODY AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPANY REVIEWS THE POLICY ANNUALLY AT A BOARD MEETING WHERE BOARD MEMBERS SIGN AN AFFIDAVIT STATING THAT THEY WILL ADHERE TO THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW OF COMPENSATION FOR EXECUTIVE DIRECTORS OF COMPARABLY SIZED COMMUNITY DEVELOPMENT CORPORATIONS WAS PERFORMED BY THE BOARD IN CONJUCTION WITH THE HIRING OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR PERIODICALLY REVIEWS SUCH DATA FOR KEY MANAGEMENT STAFF TO ENSURE SALARIES ARE IN LINE WITH COMPARABLE ORGANIZATIONS BY SIZE, GEOGRAPHY AND MISSION FOCUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPANY ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TELEPHONE $ 9,311 MISCELLANEOUS 6,193 TOTAL OTHER EXPENSES $15,504
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,779,731
Liabilities
$4,242,686
Net assets
$14,537,045
Revenue
$1,647,897
Expenses
$1,159,178
Net income
$488,719
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$14.4$26.2$5.77$4.39$1.38
2023Detailed filing. Detailed filing data is available for this year.$37.6$12.8$24.8$4.48$3.58$0.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.1$12.2$23.9$4.51$3.12$1.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$8.21$22.5$3.68$2.70$0.98
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$29.7$8.21$21.5$4.34$2.38$1.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.9$7.58$19.4$2.84$2.45$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$7.54$19.0$3.64$2.84$0.79
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$2.81$19.4$2.39$1.50$0.90
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$2.18$18.5$4.31$1.43$2.89
2015Detailed filing. Detailed filing data is available for this year.$20.2$4.63$15.6$2.29$1.22$1.07
2014Detailed filing. Detailed filing data is available for this year.$18.8$4.24$14.5$1.65$1.16$0.49
2013Detailed filing. Detailed filing data is available for this year.$19.0$4.91$14.0$1.55$1.06$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$4.42$13.6$1.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$3.88$13.0$1.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$3.70$11.4$1.15