Civic Intelligence

Oak Hill Inc.

990 • Fiscal year 2021 • EIN 04-2954430

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 30, 2021

Organization ProfileNONE
35 Central StreetIpswich, MA 01938

(978) 356-1530

Siviq Scores

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

Liabilities / Assets

99th percentile

2.14x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

3.70x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

43rd percentile

8.6%

Higher net margin than 43% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

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

Asset Growth

27th percentile

-0.0%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

35th percentile

1.9%

Faster revenue growth than 35% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,120,633

Down $64 (-0.0%) from 2020

Net Assets

Up

-$1,273,263

Up $55,619 (+4.2%) from 2020

Liabilities

Down

$2,393,896

Down $55,683 (-2.3%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin43rd percentile

Revenue

Up

$646,648

Up $12,051 (+1.9%) from 2020

Expenses

Up

$591,029

Up $105 (+0.0%) from 2020

Net Income

Up

$55,619

Up $11,946 (+27%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,481,726Liabilities 2011: $2,684,293Net Assets 2011: -$1,202,5672011Assets 2012: $1,425,858Liabilities 2012: $2,664,336Net Assets 2012: -$1,238,4782012Assets 2013: $1,355,625Liabilities 2013: $2,649,697Net Assets 2013: -$1,294,0722013Assets 2014: $1,260,751Liabilities 2014: $2,619,177Net Assets 2014: -$1,358,4262014Assets 2015: $1,232,210Liabilities 2015: $2,572,388Net Assets 2015: -$1,340,1782015Assets 2016: $1,144,149Liabilities 2016: $2,539,315Net Assets 2016: -$1,395,1662016Assets 2017: $1,117,867Liabilities 2017: $2,515,788Net Assets 2017: -$1,397,9212017Assets 2018: $1,076,007Liabilities 2018: $2,495,437Net Assets 2018: -$1,419,4302018Assets 2019: $1,109,881Liabilities 2019: $2,482,436Net Assets 2019: -$1,372,5552019Assets 2020: $1,120,697Liabilities 2020: $2,449,579Net Assets 2020: -$1,328,8822020Assets 2021: $1,120,633Liabilities 2021: $2,393,896Net Assets 2021: -$1,273,2632021Assets 2022: $1,124,692Liabilities 2022: $2,335,567Net Assets 2022: -$1,210,8752022Assets 2023: $1,132,197Liabilities 2023: $2,268,598Net Assets 2023: -$1,136,4012023Assets 2024: $1,147,503Liabilities 2024: $2,209,326Net Assets 2024: -$1,061,8232024Assets 2025: $1,225,255Liabilities 2025: $2,140,375Net Assets 2025: -$915,1202025

Highlighted filing

2021

Assets$1,120,633
Liabilities$2,393,896
Net Assets-$1,273,263
Open 2021 Filing

Operations Trend

Revenue Growth35th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $598,9842011Expenses 2012: $590,4712012Revenue 2013: $554,148Expenses 2013: $609,742Net Income 2013: -$55,5942013Revenue 2014: $554,608Expenses 2014: $618,962Net Income 2014: -$64,3542014Revenue 2015: $647,957Expenses 2015: $629,709Net Income 2015: $18,2482015Revenue 2016: $562,233Expenses 2016: $620,039Net Income 2016: -$57,8062016Revenue 2017: $598,430Expenses 2017: $601,185Net Income 2017: -$2,7552017Revenue 2018: $596,204Expenses 2018: $617,713Net Income 2018: -$21,5092018Revenue 2019: $614,522Expenses 2019: $566,645Net Income 2019: $47,8772019Revenue 2020: $634,597Expenses 2020: $590,924Net Income 2020: $43,6732020Revenue 2021: $646,648Expenses 2021: $591,029Net Income 2021: $55,6192021Revenue 2022: $661,227Expenses 2022: $598,839Net Income 2022: $62,3882022Revenue 2023: $712,625Expenses 2023: $638,151Net Income 2023: $74,4742023Revenue 2024: $736,553Expenses 2024: $661,975Net Income 2024: $74,5782024Revenue 2025: $805,399Expenses 2025: $658,696Net Income 2025: $146,7032025

Highlighted filing

2021

Revenue$646,648
Expenses$591,029
Net Income$55,619
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 30, 2021
Return Version
2020v4.0
Gross Receipts
$646,648
Mission and Program Overview

Mission

The organization's mission is to provide affordable low-income housing to qualified elderly people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$774,634$759,393▼ $15,241
Cash and Non-Interest-Bearing Accounts$125,521$128,626▲ $3,105
Prepaid Expenses and Deferred Charges$3,330$7,214▲ $3,884
Accounts Receivable$345$328▼ $17
Total Assets$1,120,697$1,120,633▼ $64
Other Assets Total$216,867$225,072▲ $8,205
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,364,980$2,320,858▼ $44,122
Accounts Payable and Accrued Expenses$69,528$57,900▼ $11,628
Other Liabilities$15,071$15,138▲ $67
Total Liabilities$2,449,579$2,393,896▼ $55,683
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,328,882$-1,273,263▲ $55,619
Total Net Assets Fund Balance$-1,328,882$-1,273,263▲ $55,619
Total Liabilities and Net Assets / Fund Balance$1,120,697$1,120,633▼ $64

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$595,407$2,755,003$3,350,410
Land$160,000-$160,000
Equipment$3,986$31,980$35,966
Other Assets Org$225,072--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
James WhitmorePresident
Barbara PimentelBoard Member
Beverly CottrellBoard Member
Dori PrescottBoard Member
Dorothy LevesqueBoard Member
Glenn PrescottBoard Member
Jack GoodBoard Member
Patricia ValcourBoard Member
Judith ThomsonClerk
Steven CottrellTreasurer
Roger BurkeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$466,687
Program Service Revenue
$163,934
Investment Income
$2,651
Other Revenue
$13,376
All Other Contributions
$3,305
Change in Net Assets
$55,619

Audited Revenue Reconciliation

Revenue per Audited Statements
$646,648
Total Revenue per Audited Statements
$646,648
Total Revenue per Form 990
$646,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$591,029
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
Interest$214,847--$214,847
All Other Expenses$60,254$4,399-$64,653
Fees for Services Other-$59,023-$59,023
Insurance$37,573$4,767-$42,340
Depreciation Depletion$30,286$4,637-$34,923
Fees for Services Management-$28,762-$28,762
Other Expenses$19,214--$19,214
Fees for Services Accounting-$10,700-$10,700
Office Expenses-$8,395-$8,395
Advertising-$454-$454
Total Functional Expenses$469,892$121,137$0$591,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$591,029
Total Expenses per Audited Statements$591,029
Total Expenses per Form 990$591,029
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
Security Deposit Liability$15,138
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 2

“Steven cottrell beverly cottrell treasurer board member married glenn prescott dori prescott board member board member married”

Form 990, Page 6, Part VI, Line 3

“Operations are managed by ep management co.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed & approved by the management company and the board of directors at a regularly scheduled board meeting. A copy of form 990 is provided to all board members prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Identity of intrerest disclosures are made to the unioted states rural development agency. In addition, annual conflict of interest statements are signed by each board member.”

Form 990, Page 6, Part VI, Line 19

“Government documents are maintained by both the management company and the board of directors and are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Oak Hill Inc
EIN
04-2954430
Phone
9783561530
Address
35 CENTRAL STREET, IPSWICH, MA 01938

Signing Officer

Name
Steven Cottrell
Title
Treasurer
Phone
6175661026
Signed
2021-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Cottrell
Formed
1990
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee CPA
Phone
5084280790
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Electricity 14,288 0 0 gas 13,439 0 0 snow removal 9,937 0 0 grounds contract 7,101 0 0 grounds supplies 6,474 0 0 telephone 0 4,399 0 elevator maintenance 3,780 0 0 trash removal 3,778 0 0 exterminating contract 805 0 0 other operating 652 0 0 total 60,254 4,399 0”

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.

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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0163668
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0453726
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0445176
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0430853
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0429595
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02226037
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01786
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02768
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08999
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0163934
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0161834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0155620
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0650969
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt013376
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt010603
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01786
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02768
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0586473
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0429595
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0646648
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0588259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0432363
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02909984
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0595407
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02755003
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03350410
IRS990ScheduleD/EquipmentGrp/BookValueAmt03986
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031980
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035966
IRS990ScheduleD/ExpensesSubtotalAmt0591029
IRS990ScheduleD/LandGrp/BookValueAmt0160000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0225072
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015138
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0646648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0759393
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0225072
IRS990ScheduleD/TotalExpensesPerForm990Amt0591029
IRS990ScheduleD/TotalLiabilityAmt015138
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEVEN COTTRELL BEVERLY COTTRELL TREASURER BOARD MEMBER MARRIED GLENN PRESCOTT DORI PRESCOTT BOARD MEMBER BOARD MEMBER MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OPERATIONS ARE MANAGED BY EP MANAGEMENT CO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED & APPROVED BY THE MANAGEMENT COMPANY AND THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED BOARD MEETING. A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IDENTITY OF INTREREST DISCLOSURES ARE MADE TO THE UNIOTED STATES RURAL DEVELOPMENT AGENCY. IN ADDITION, ANNUAL CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNMENT DOCUMENTS ARE MAINTAINED BY BOTH THE MANAGEMENT COMPANY AND THE BOARD OF DIRECTORS AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ELECTRICITY 14,288 0 0 GAS 13,439 0 0 SNOW REMOVAL 9,937 0 0 GROUNDS CONTRACT 7,101 0 0 GROUNDS SUPPLIES 6,474 0 0 TELEPHONE 0 4,399 0 ELEVATOR MAINTENANCE 3,780 0 0 TRASH REMOVAL 3,778 0 0 EXTERMINATING CONTRACT 805 0 0 OTHER OPERATING 652 0 0 TOTAL 60,254 4,399 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0466687
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0469892
IRS990/TotalFunctionalExpensesGrp/TotalAmt0591029
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt02393896
IRS990/TotalLiabilitiesGrp/BOYAmt02449579
IRS990/TotalLiabilitiesGrp/EOYAmt02393896
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01120697
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IRS990/USAddress/AddressLine1Txt014 LAKEMANS LANE
IRS990/USAddress/CityNm0IPSWICH
IRS990/USAddress/StateAbbreviationCd0MA

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,120,633
Liabilities
$2,393,896
Net assets
-$1,273,263
Revenue
$646,648
Expenses
$591,029
Net income
$55,619
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$2.14$0.92$0.81$0.66$0.15
2024Detailed filing. Detailed filing data is available for this year.$1.15$2.21$1.06$0.74$0.66$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.13$2.27$1.14$0.71$0.64$0.07
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.12$2.34$1.21$0.66$0.60$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.12$2.39$1.27$0.65$0.59$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$2.45$1.33$0.63$0.59$0.04
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.11$2.48$1.37$0.61$0.57$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$2.50$1.42$0.60$0.62$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.12$2.52$1.40$0.60$0.60$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$2.54$1.40$0.56$0.62$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.23$2.57$1.34$0.65$0.63$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.26$2.62$1.36$0.55$0.62$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$2.65$1.29$0.55$0.61$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$2.66$1.24$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$2.68$1.20$0.60