Civic Intelligence

Housing for Rockdale Elders Inc C/O Rcap Solutions Inc

990 • Fiscal year 2019 • EIN 04-2799671

Nov 01, 2018 to Oct 31, 2019 • Filed on Sep 14, 2020

Organization ProfileN/A
191 May StreetWorcester, MA 01602

(978) 630-6600

Siviq Scores

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

Liabilities / Assets

98th percentile

2.28x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

3.82x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

32nd percentile

-2.6%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

22nd percentile

-5.9%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

-0.2%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$827,722

Down $51,739 (-5.9%) from 2018

Net Assets

Down

-$1,058,672

Down $13,100 (-1.3%) from 2018

Liabilities

Down

$1,886,394

Down $38,639 (-2.0%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin32nd percentile

Revenue

Down

$494,347

Down $901 (-0.2%) from 2018

Expenses

Up

$507,447

Up $9,694 (+1.9%) from 2018

Net Income

Down

-$13,100

Down $10,595 (-423%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,482,962Liabilities 2010: $2,214,696Net Assets 2010: -$731,7342010Assets 2011: $1,433,169Liabilities 2011: $2,181,416Net Assets 2011: -$748,2472011Assets 2012: $1,424,413Liabilities 2012: $2,184,660Net Assets 2012: -$760,2472012Assets 2013: $1,241,081Liabilities 2013: $2,139,903Net Assets 2013: -$898,8222013Assets 2014: $1,101,352Liabilities 2014: $2,104,457Net Assets 2014: -$1,003,1052014Assets 2015: $1,030,482Liabilities 2015: $2,049,493Net Assets 2015: -$1,019,0112015Assets 2016: $997,075Liabilities 2016: $2,027,856Net Assets 2016: -$1,030,7812016Assets 2017: $934,004Liabilities 2017: $1,977,071Net Assets 2017: -$1,043,0672017Assets 2018: $879,461Liabilities 2018: $1,925,033Net Assets 2018: -$1,045,5722018Assets 2019: $827,722Liabilities 2019: $1,886,394Net Assets 2019: -$1,058,6722019Assets 2020: $775,706Liabilities 2020: $1,836,737Net Assets 2020: -$1,061,0312020Assets 2021: $680,370Liabilities 2021: $1,773,907Net Assets 2021: -$1,093,5372021Assets 2022: $629,224Liabilities 2022: $1,729,126Net Assets 2022: -$1,099,9022022Assets 2023: $577,736Liabilities 2023: $1,656,811Net Assets 2023: -$1,079,0752023Assets 2024: $536,889Liabilities 2024: $1,614,301Net Assets 2024: -$1,077,4122024

Highlighted filing

2019

Assets$827,722
Liabilities$1,886,394
Net Assets-$1,058,672
Open 2019 Filing

Operations Trend

Revenue Growth40th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $451,8922010Expenses 2011: $460,3202011Expenses 2012: $462,3802012Revenue 2013: $459,589Expenses 2013: $598,164Net Income 2013: -$138,5752013Revenue 2014: $464,564Expenses 2014: $568,847Net Income 2014: -$104,2832014Revenue 2015: $473,408Expenses 2015: $489,314Net Income 2015: -$15,9062015Revenue 2016: $475,570Expenses 2016: $487,340Net Income 2016: -$11,7702016Revenue 2017: $480,715Expenses 2017: $493,001Net Income 2017: -$12,2862017Revenue 2018: $495,248Expenses 2018: $497,753Net Income 2018: -$2,5052018Revenue 2019: $494,347Expenses 2019: $507,447Net Income 2019: -$13,1002019Revenue 2020: $511,068Expenses 2020: $513,427Net Income 2020: -$2,3592020Revenue 2021: $504,845Expenses 2021: $537,351Net Income 2021: -$32,5062021Revenue 2022: $530,810Expenses 2022: $537,175Net Income 2022: -$6,3652022Revenue 2023: $554,253Expenses 2023: $533,426Net Income 2023: $20,8272023Revenue 2024: $565,205Expenses 2024: $563,542Net Income 2024: $1,6632024

Highlighted filing

2019

Revenue$494,347
Expenses$507,447
Net Income-$13,100
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2018 to Oct 31, 2019
Signed
Sep 14, 2020
Return Version
2018v3.2
Gross Receipts
$504,443
Mission and Program Overview

Mission

To provide affordable residential housing for the elderly in northbridge, massachusetts.

To acquire, construct, rehabilitate and operate 40 units of affordable residential housing for elderly persons located in northbridge, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$613,443$566,631▼ $46,812
Cash and Non-Interest-Bearing Accounts$36,234$49,978▲ $13,744
Prepaid Expenses and Deferred Charges$21,189$21,970▲ $781
Accounts Receivable$2,258$0▼ $2,258
Total Assets$879,461$827,722▼ $51,739
Other Assets Total$206,337$189,143▼ $17,194
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,873,301$1,823,691▼ $49,610
Accounts Payable and Accrued Expenses$37,226$48,559▲ $11,333
Escrow Account Liability$13,243$12,725▼ $518
Deferred Revenue$1,263$1,419▲ $156
Total Liabilities$1,925,033$1,886,394▼ $38,639
Net Assets / Fund Balance
Unrestricted Net Assets$-1,045,572$-1,058,672▼ $13,100
Total Net Assets Fund Balance$-1,045,572$-1,058,672▼ $13,100
Total Liabilities and Net Assets / Fund Balance$879,461$827,722▼ $51,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$489,331$1,735,062$2,224,393
Equipment$48,712$38,691$87,403
Land$27,538-$27,538
Other Land Buildings$1,050$11,790$12,840
Other Assets Org$20,007--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
William MinklePresident/ Treasurer
Jane BisaillonDirector
Kimberly R MorrisonDirector
Deborah FoleyClerk/resident Agent

Highest Paid Contractors

ContractorServicesLocationCompensation
Rcap Solutions INCManagement Services191 MAY STREET, Worcester, MA 01620$208,821
Revenue and Support

Revenue Composition

Contributions and Grants
$326,430
Program Service Revenue
$175,656
Investment Income
$-9,996
Other Revenue
$2,257
Change in Net Assets
$-13,100

Audited Revenue Reconciliation

Revenue per Audited Statements
$494,347
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$494,347
Total Revenue per Form 990
$494,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$507,447
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
Occupancy$205,518--$205,518
Fees for Services Other$128,453--$128,453
Depreciation Depletion$67,939--$67,939
Fees for Services Management-$38,405-$38,405
Office Expenses$18,327--$18,327
Fees for Services Accounting-$9,775-$9,775
Insurance$1,936--$1,936
Conferences and Meetings$860--$860
Other Expenses$144--$144
Fees for Services Legal-$62-$62
Advertising$61--$61
Total Functional Expenses$459,205$48,242$0$507,447

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$507,447
Total Expenses per Audited Statements$507,447
Total Expenses per Form 990$507,447
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
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation incurred and paid a management fee of $37,069 for the year ended october 31, 2019 to rcap. The management fee is equal to 7.35% of total rent collections. The agreement is in effect until canceled by hud, the corporation or rcap.”

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

“The management company ceo works closely with the cpa firm and provides information necessary to complete the 990. The 990 is discussed with the corporation board, highlighting the importance of compliance with irs regulations as it is presented on the 990. The form is electronically sent to the board of directors once completed by the cpa firm.”

Form 990, Part VI, Section C, Line 19

“A copy of the financial statements and governing documents are made available to the public when requested in writing. Requests should be directed to the president of the board of the directors. In addition the form 990 is available at the massachusetts attorney general's website.”

Filing and Contact Details

Filer

Filer Name
Housing for Rockdale Elders Inc
EIN
04-2799671
Phone
9786306600
Address
191 MAY STREET, WORCESTER, MA 01602

Signing Officer

Name
Karen Koller
Title
President/CEO
Phone
9786306600
Signed
2020-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Minkle
Formed
1983
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 128,453. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,453.”

Financial Statement Notes

PART IV, LINE 2B:

“The tenant security deposits are held in a separate bank account. Policy is to collect a security deposit of up to one month's rent from the tenant. Upon termination of the lease, the security deposits can be used to pay for damages caused by the tenant or used against unpaid receivables with the remaining balance being refunded to the tenant.”

Raw XML AppendixShowing 400 of 435 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt037226
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt048559
IRS990/AccountsReceivableGrp/BOYAmt02258
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 40 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN NORTHBRIDGE, MASSACHUSETTS.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt061
IRS990/AdvertisingGrp/TotalAmt061
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN KOLLER
IRS990/BooksInCareOfDetail/PhoneNum09786306600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0191 MAY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WORCESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001602
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt036234
IRS990/CashNonInterestBearingGrp/EOYAmt049978
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0860
IRS990/ConferencesMeetingsGrp/TotalAmt0860
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0208821
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0191 MAY STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WORCESTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd001620
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0RCAP SOLUTIONS INC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0326430
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-9996
IRS990/CYOtherExpensesAmt0507447
IRS990/CYOtherRevenueAmt02257
IRS990/CYProgramServiceRevenueAmt0175656
IRS990/CYRevenuesLessExpensesAmt0-13100
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0507447
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0494347
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01263
IRS990/DeferredRevenueGrp/EOYAmt01419
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt067939
IRS990/DepreciationDepletionGrp/TotalAmt067939
IRS990/Desc0TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 40 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN NORTHBRIDGE, MASSACHUSETTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt013243
IRS990/EscrowAccountLiabilityGrp/EOYAmt012725
IRS990/ExpenseAmt0459205
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09775
IRS990/FeesForServicesAccountingGrp/TotalAmt09775
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt062
IRS990/FeesForServicesLegalGrp/TotalAmt062
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt038405
IRS990/FeesForServicesManagementGrp/TotalAmt038405
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0128453
IRS990/FeesForServicesOtherGrp/TotalAmt0128453
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0KIMBERLY R MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm1JANE BISAILLON
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM MINKLE
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBORAH FOLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT/ TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK/RESIDENT AGENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-10096
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GovernmentGrantsAmt0326430
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0504443
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01936
IRS990/InsuranceGrp/TotalAmt01936
IRS990/InvestmentIncomeGrp/ExclusionAmt0100
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0100
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01785543
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0613443
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0566631
IRS990/LandBldgEquipCostOrOtherBssAmt02352174
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010096
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR THE ELDERLY IN NORTHBRIDGE, MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01873301
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01823691
IRS990/NetAssetsOrFundBalancesBOYAmt0-1045572
IRS990/NetAssetsOrFundBalancesEOYAmt0-1058672
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-10096
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10096
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0205518
IRS990/OccupancyGrp/TotalAmt0205518
IRS990/OfficeExpensesGrp/ProgramServicesAmt018327
IRS990/OfficeExpensesGrp/TotalAmt018327
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0206337
IRS990/OtherAssetsTotalGrp/EOYAmt0189143
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPORTIVE SERVICES
IRS990/OtherExpensesGrp/Desc1RESIDUAL RECEIPTS
IRS990/OtherExpensesGrp/Desc2FILING FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt031294
IRS990/OtherExpensesGrp/ProgramServicesAmt14673
IRS990/OtherExpensesGrp/ProgramServicesAmt2144
IRS990/OtherExpensesGrp/TotalAmt031294
IRS990/OtherExpensesGrp/TotalAmt14673
IRS990/OtherExpensesGrp/TotalAmt2144
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02257
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02257
IRS990/OtherRevenueTotalAmt02257
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021189
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021970
IRS990/PrincipalOfficerNm0WILLIAM MINKLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0175656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175656
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0319528
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090
IRS990/PYOtherExpensesAmt0497753
IRS990/PYOtherRevenueAmt02072
IRS990/PYProgramServiceRevenueAmt0173558
IRS990/PYRevenuesLessExpensesAmt0-2505
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0497753
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0495248
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-13100
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0177913
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING REVENUE - 2014 AMOUNT: $ 2,542. 2015 AMOUNT: $ 2,316. 2016 AMOUNT: $ 2,311. 2017 AMOUNT: $ 2,072. 2018 AMOUNT: $ 2,257. MISCELLANEOUS RENTAL INCOME - 2014 AMOUNT: $ 14,850. 2015 AMOUNT: $ 1,062. 2016 AMOUNT: $ 2,417. INSURANCE PROCEEDS -
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0326430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0319528
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0308056
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0305256
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0275090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01534360
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0175656
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0173558
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0167860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0166868
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0180875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0864817
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0421
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02257
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02072
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04728
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03378
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017392
IRS990ScheduleA/OtherIncome509Grp/TotalAmt029827
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98750
IRS990ScheduleA/PublicSupportPY509Pct00.98710
IRS990ScheduleA/PublicSupportTotal509Amt02399177
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0502086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0493086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0475916
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0472124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0455965
IRS990ScheduleA/Total509Grp/TotalAmt02399177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0504443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0495248
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0480715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0475570
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0473449
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02429425
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0489331
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01735062
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02224393
IRS990ScheduleD/EquipmentGrp/BookValueAmt048712
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038691
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt087403
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0507447
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt027538
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027538
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012725
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17987
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2148424
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt320007
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01050
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011790
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012840
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0494347
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT. POLICY IS TO COLLECT A SECURITY DEPOSIT OF UP TO ONE MONTH'S RENT FROM THE TENANT. UPON TERMINATION OF THE LEASE, THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES WITH THE REMAINING BALANCE BEING REFUNDED TO THE TENANT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0566631
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0189143
IRS990ScheduleD/TotalExpensesPerForm990Amt0507447
IRS990ScheduleD/TotalRevenuePerForm990Amt0494347
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0494347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0507447
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $37,069 FOR THE YEAR ENDED OCTOBER 31, 2019 TO RCAP. THE MANAGEMENT FEE IS EQUAL TO 7.35% OF TOTAL RENT COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR RCAP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT COMPANY CEO WORKS CLOSELY WITH THE CPA FIRM AND PROVIDES INFORMATION NECESSARY TO COMPLETE THE 990. THE 990 IS DISCUSSED WITH THE CORPORATION BOARD, HIGHLIGHTING THE IMPORTANCE OF COMPLIANCE WITH IRS REGULATIONS AS IT IS PRESENTED ON THE 990. THE FORM IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS ONCE COMPLETED BY THE CPA FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC WHEN REQUESTED IN WRITING. REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT OF THE BOARD OF THE DIRECTORS. IN ADDITION THE FORM 990 IS AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 128,453. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 128,453.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0879461
IRS990/TotalAssetsEOYAmt0827722
IRS990/TotalAssetsGrp/BOYAmt0879461
IRS990/TotalAssetsGrp/EOYAmt0827722
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0326430
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0459205
IRS990/TotalFunctionalExpensesGrp/TotalAmt0507447
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01925033
IRS990/TotalLiabilitiesEOYAmt01886394
IRS990/TotalLiabilitiesGrp/BOYAmt01925033
IRS990/TotalLiabilitiesGrp/EOYAmt01886394
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1045572
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1058672
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0459205
IRS990/TotalProgramServiceRevenueAmt0175656
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-9996
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0177913
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0494347
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0879461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0827722
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1045572
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1058672
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0191 MAY STREET
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001602
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$827,722
Liabilities
$1,886,394
Net assets
-$1,058,672
Revenue
$494,347
Expenses
$507,447
Net income
-$13,100
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$1.61$1.08$0.57$0.56$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.58$1.66$1.08$0.55$0.53$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$1.73$1.10$0.53$0.54$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.68$1.77$1.09$0.50$0.54$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$1.84$1.06$0.51$0.51$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.83$1.89$1.06$0.49$0.51$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$1.93$1.05$0.50$0.50$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.93$1.98$1.04$0.48$0.49$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.00$2.03$1.03$0.48$0.49$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.03$2.05$1.02$0.47$0.49$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.10$2.10$1.00$0.46$0.57$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$2.14$0.90$0.46$0.60$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$2.18$0.76$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$2.18$0.75$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$2.21$0.73$0.45
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $500k-$1M nonprofits