Civic Intelligence

Coalition for a Better Acre Inc.

990 • Fiscal year 2017 • EIN 04-2760272

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

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

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

1.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

60th percentile

7.4%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-44%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$22,191,253

Up $1,519,576 (+7.4%) from 2016

Net Assets

Up

$19,386,097

Up $896,537 (+4.8%) from 2016

Liabilities

Up

$2,805,156

Up $623,039 (+29%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin87th percentile

Revenue

Down

$2,393,974

Down $1,919,374 (-44%) from 2016

Expenses

Up

$1,497,437

Up $69,406 (+4.9%) from 2016

Net Income

Down

$896,537

Down $1,988,780 (-69%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2017

Assets$22,191,253
Liabilities$2,805,156
Net Assets$19,386,097
Open 2017 Filing

Operations Trend

Revenue Growth5th 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

2017

Revenue$2,393,974
Expenses$1,497,437
Net Income$896,537
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$2,393,974
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$14,787,180$16,139,582▲ $1,352,402
Investments Program Related$1,921,271$2,077,125▲ $155,854
Land, Buildings, and Equipment, Net$1,725,415$1,725,415→ $0
Savings and Temporary Cash Investments$705,105$851,147▲ $146,042
Cash and Non-Interest-Bearing Accounts$394,444$277,398▼ $117,046
Accounts Receivable$164,859$106,248▼ $58,611
Prepaid Expenses and Deferred Charges$2,226$4,747▲ $2,521
Total Assets$20,671,677$22,191,253▲ $1,519,576
Other Assets Total$971,177$1,009,591▲ $38,414
Liabilities
Unsecured Notes Loans Payable$841,094$1,918,157▲ $1,077,063
Deferred Revenue$763,281$508,854▼ $254,427
Accounts Payable and Accrued Expenses$577,054$377,457▼ $199,597
Other Liabilities$688$688→ $0
Total Liabilities$2,182,117$2,805,156▲ $623,039
Net Assets / Fund Balance
Unrestricted Net Assets$17,457,560$18,554,646▲ $1,097,086
Permanently Rstr Net Assets$1,000,000$700,000▼ $300,000
Temporarily Rstr Net Assets$32,000$131,451▲ $99,451
Total Net Assets Fund Balance$18,489,560$19,386,097▲ $896,537
Total Liabilities and Net Assets / Fund Balance$20,671,677$22,191,253▲ $1,519,576

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,534,170--
Land$1,725,415--
Equipment$0$120,669-
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
David OuellettePresident
Paul GaudetVice President
Adam BaackeDirector
Claire RickerDirector
Diego LeonardoDirector
Gerardo VidalDirector
Kerry Regan JennessDirector
Lozith NzulaDirector
Maria ClaudioDirector
Milagros LopezDirector
Phuong PhanDirector
Richard ChavezDirector
Rosa VidalDirector
Sixto DejsusDirector
Dahvy TranClerk
Charles V SullivanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$945,727
Program Service Revenue
$540,258
Investment Income
$904,679
Other Revenue
$3,310
All Other Contributions
$945,727
Change in Net Assets
$896,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,393,974
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,393,974
Total Revenue per Form 990
$2,393,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,150,068
Other Expenses$347,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$689,425$185,577-$875,002
Payroll Taxes$131,125$143,941-$275,066
Occupancy$6,400$52,941-$59,341
Fees for Services Legal-$37,252-$37,252
Office Expenses$1,974$24,145-$26,119
All Other Expenses$5,416$17,810-$23,226
Interest-$19,832-$19,832
Other Expenses$11,188$3,370-$14,558
Travel$3,748$8,183-$11,931
Insurance-$3,639-$3,639
Total Functional Expenses$907,526$589,911$0$1,497,437

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,497,437
Total Expenses per Audited Statements$1,497,437
Total Expenses per Form 990$1,497,437
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$688
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 11B

“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
Yun-ju Choi
Title
Treasurer
Phone
9784527523
Signed
2018-11-07
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
13
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
12 POST OFFICE SQUARE 4TH FLOOR, BOSTON, MA 02109
Preparer
Charles a Rhuda Iii
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.”

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.”

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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/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03639
IRS990/InsuranceGrp/TotalAmt03639
IRS990/InterestGrp/ManagementAndGeneralAmt019832
IRS990/InterestGrp/TotalAmt019832
IRS990/InvestmentIncomeGrp/ExclusionAmt0754495
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0150184
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0904679
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01921271
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02077125
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0120669
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01725415
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01725415
IRS990/LandBldgEquipCostOrOtherBssAmt01846084
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt03310
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03310
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/NetAssetsOrFundBalancesBOYAmt018489560
IRS990/NetAssetsOrFundBalancesEOYAmt019386097
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt052941
IRS990/OccupancyGrp/ProgramServicesAmt06400
IRS990/OccupancyGrp/TotalAmt059341
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024145
IRS990/OfficeExpensesGrp/ProgramServicesAmt01974
IRS990/OfficeExpensesGrp/TotalAmt026119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0971177
IRS990/OtherAssetsTotalGrp/EOYAmt01009591
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1CONTRACTED FEES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033850
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124677
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234694
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33370
IRS990/OtherExpensesGrp/ProgramServicesAmt036514
IRS990/OtherExpensesGrp/ProgramServicesAmt121736
IRS990/OtherExpensesGrp/ProgramServicesAmt211188
IRS990/OtherExpensesGrp/TotalAmt070364
IRS990/OtherExpensesGrp/TotalAmt146413
IRS990/OtherExpensesGrp/TotalAmt234694
IRS990/OtherExpensesGrp/TotalAmt314558
IRS990/OtherLiabilitiesGrp/BOYAmt0688
IRS990/OtherLiabilitiesGrp/EOYAmt0688
IRS990/OtherRevenueTotalAmt03310
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0185577
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0689425
IRS990/OtherSalariesAndWagesGrp/TotalAmt0875002
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014787180
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt016139582
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0143941
IRS990/PayrollTaxesGrp/ProgramServicesAmt0131125
IRS990/PayrollTaxesGrp/TotalAmt0275066
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01000000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0700000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02226
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04747
IRS990/PrincipalOfficerNm0CHARLES SULLIVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0STATE TAX CREDIT PROCE
IRS990/ProgramServiceRevenueGrp/Desc1GROUND LEASES
IRS990/ProgramServiceRevenueGrp/Desc2ASSET MANAGEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0254427
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1233839
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt251992
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0254427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1233839
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt251992
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02940472
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0667962
IRS990/PYOtherExpensesAmt0389803
IRS990/PYOtherRevenueAmt0374880
IRS990/PYProgramServiceRevenueAmt0330034
IRS990/PYRevenuesLessExpensesAmt02885317
IRS990/PYSalariesCompEmpBnftPaidAmt01038228
IRS990/PYTotalExpensesAmt01428031
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04313348
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0896537
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01234868
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0705105
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0851147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0835725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0780631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0557259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0476298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0690532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03340445
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01159106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0922389
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0567708
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0491971
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0597152
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03738326
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01136057
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt051992
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt028000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt028000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0455726
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt045427
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0609145
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43450
IRS990ScheduleA/PublicSupportPY170Pct00.43980
IRS990ScheduleA/PublicSupportTotal170Amt03340445
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0835725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0780631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0557259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0476298
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0690532
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03340445
IRS990ScheduleA/TotalSupportAmt07687916
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120669
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0120669
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01497437
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0542955
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11534170
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN UNWRAPPED INC.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN ENTITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt01725415
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01725415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02393974
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/TotalBookValueLandBuildingsAmt01725415
IRS990ScheduleD/TotalBookValueProgramRltdAmt02077125
IRS990ScheduleD/TotalExpensesPerForm990Amt01497437
IRS990ScheduleD/TotalLiabilityAmt0688
IRS990ScheduleD/TotalRevenuePerForm990Amt02393974
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02393974
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01497437
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,191,253
Liabilities
$2,805,156
Net assets
$19,386,097
Revenue
$2,393,974
Expenses
$1,497,437
Net income
$896,537
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
2017Detailed filing. Detailed filing data is available for this year.$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