Civic Intelligence

Pittsfield Economic Revitalization Corporation

990 • Fiscal year 2019 • EIN 04-2961787

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

Organization ProfileN/A
70 Allen Street No 205Pittsfield, MA 01201

(413) 499-9371

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.19x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

5th percentile

-90%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

11th percentile

-42%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$452,672

Down $323,275 (-42%) from 2018

Net Assets

Down

$434,248

Down $88,517 (-17%) from 2018

Liabilities

Down

$18,424

Down $234,758 (-93%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin5th percentile

Revenue

Up

$98,211

Up $19,609 (+25%) from 2018

Expenses

Up

$186,728

Up $66,982 (+56%) from 2018

Net Income

Down

-$88,517

Down $47,373 (-115%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,088,812Liabilities 2011: $571,305Net Assets 2011: $517,5072011Assets 2012: $1,369,257Liabilities 2012: $801,436Net Assets 2012: $567,8212012Assets 2013: $1,412,603Liabilities 2013: $845,188Net Assets 2013: $567,4152013Assets 2014: $967,353Liabilities 2014: $449,063Net Assets 2014: $518,2902014Assets 2015: $969,504Liabilities 2015: $429,082Net Assets 2015: $540,4222015Assets 2016: $929,033Liabilities 2016: $372,525Net Assets 2016: $556,5082016Assets 2017: $862,457Liabilities 2017: $298,548Net Assets 2017: $563,9092017Assets 2018: $775,947Liabilities 2018: $253,182Net Assets 2018: $522,7652018Assets 2019: $452,672Liabilities 2019: $18,424Net Assets 2019: $434,2482019Assets 2020: $441,797Liabilities 2020: $33,234Net Assets 2020: $408,5632020Assets 2021: $452,881Liabilities 2021: $46,564Net Assets 2021: $406,3172021Assets 2022: $419,726Liabilities 2022: $3,505Net Assets 2022: $416,2212022Assets 2023: $588,292Liabilities 2023: $125,689Net Assets 2023: $462,6032023Assets 2024: $622,398Liabilities 2024: $151,302Net Assets 2024: $471,0962024Assets 2025: $464,534Liabilities 2025: $40,997Net Assets 2025: $423,5372025

Highlighted filing

2019

Assets$452,672
Liabilities$18,424
Net Assets$434,248
Open 2019 Filing

Operations Trend

Revenue Growth76th percentile

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

$400K$200K$0-$200KExpenses 2011: $210,6212011Expenses 2012: $85,0672012Revenue 2013: $154,577Expenses 2013: $154,983Net Income 2013: -$4062013Revenue 2014: $165,873Expenses 2014: $214,998Net Income 2014: -$49,1252014Revenue 2015: $123,340Expenses 2015: $101,208Net Income 2015: $22,1322015Revenue 2016: $105,592Expenses 2016: $89,506Net Income 2016: $16,0862016Revenue 2017: $104,260Expenses 2017: $96,859Net Income 2017: $7,4012017Revenue 2018: $78,602Expenses 2018: $119,746Net Income 2018: -$41,1442018Revenue 2019: $98,211Expenses 2019: $186,728Net Income 2019: -$88,5172019Revenue 2020: $94,842Expenses 2020: $120,527Net Income 2020: -$25,6852020Revenue 2021: $201,460Expenses 2021: $203,706Net Income 2021: -$2,2462021Revenue 2022: $235,673Expenses 2022: $269,012Net Income 2022: -$33,3392022Revenue 2023: $368,238Expenses 2023: $321,856Net Income 2023: $46,3822023Revenue 2024: $287,052Expenses 2024: $278,559Net Income 2024: $8,4932024Revenue 2025: $318,177Expenses 2025: $340,736Net Income 2025: -$22,5592025

Highlighted filing

2019

Revenue$98,211
Expenses$186,728
Net Income-$88,517
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.2
Gross Receipts
$98,211
Mission and Program Overview

Mission

Furthering the economic development and social welfare of the city of pittsfield and berkshire county and promoting and assisting the growth and development of business concerns, including small business concerns.

Aid in the growth and development of business in berkshire county

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$482,499$331,980▼ $150,519
Other Notes and Loans Receivable, Net$292,588$118,188▼ $174,400
Pledges and Grants Receivable$860$2,504▲ $1,644
Total Assets$775,947$452,672▼ $323,275
Liabilities
Mortgage Notes Payable Secured by Investment Property$233,871--
Deferred Revenue$15,039$14,324▼ $715
Accounts Payable and Accrued Expenses$4,272$4,100▼ $172
Total Liabilities$253,182$18,424▼ $234,758
Net Assets / Fund Balance
Unrestricted Net Assets$522,765$434,248▼ $88,517
Total Net Assets Fund Balance$522,765$434,248▼ $88,517
Total Liabilities and Net Assets / Fund Balance$775,947$452,672▼ $323,275
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
J Jay AndersonPresident
Mark MckennaVice President
Christine BurkeDirector
Deanna RufferDirector
Dennis EaganDirector
Linda DulyeDirector
Matthew J ScarafoniDirector
Barry J ClairmontTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$97,224
Investment Income
$987
Other Revenue
$0
Change in Net Assets
$-88,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,211
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$98,211
Total Revenue per Form 990
$98,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,770
Grants and Similar Amounts Paid$55,958
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$55,958--$55,958
Fees for Services Other-$41,640-$41,640
Fees for Services Accounting$3,850$3,850-$7,700
Interest$6,139--$6,139
Insurance$1,669$1,669-$3,338
Other Expenses$636$636-$1,272
Total Functional Expenses$138,933$47,795$0$186,728

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$186,728
Total Expenses per Audited Statements$186,728
Total Expenses per Form 990$186,728
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
No

Governance Explanations

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

“Copies of a draft of form 990 are provided to members of the organization's board of directors and reviewed and approved by the board.”

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

“The board of directors annually reviews members of the board of directors for conflicts of interest. Any conflicts are brought to the attention of the board for resolution.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Pittsfield Economic Revitalization
EIN
04-2961787
Phone
4134999371
Address
70 ALLEN STREET NO 205, PITTSFIELD, MA 01201

Signing Officer

Name
Barry J Clairmont
Title
Treasurer
Phone
4134999371
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry J Clairmont
Formed
1982
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Adelson & Company Pc
Address
100 NORTH STREET, PITTSFIELD, MA 01201
Preparer
Carol J Leibinger-healey CPA
Phone
4134436408
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Business manager: program service expenses 0. Management and general expenses 41,640. Fundraising expenses 0. Total expenses 41,640.”

Financial Statement Notes

PART X, LINE 2:

“Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition.”

Raw XML Appendix397 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportAmt0281786
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0186728
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt098211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0186728
IRS990ScheduleD/TotalRevenuePerForm990Amt098211
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt098211
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0186728
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt055958
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COMMONWEALTH OF MA TECHNICAL ASSISTANCE GRANT FUNDS TO BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT IN BERKSHIRE COUNTY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF A DRAFT OF FORM 990 ARE PROVIDED TO MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS AND REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ANNUALLY REVIEWS MEMBERS OF THE BOARD OF DIRECTORS FOR CONFLICTS OF INTEREST. ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD FOR RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BUSINESS MANAGER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 41,640. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,640.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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/TotalAssetsBOYAmt0775947
IRS990/TotalAssetsEOYAmt0452672
IRS990/TotalAssetsGrp/BOYAmt0775947
IRS990/TotalAssetsGrp/EOYAmt0452672
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047795
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0138933
IRS990/TotalFunctionalExpensesGrp/TotalAmt0186728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0253182
IRS990/TotalLiabilitiesEOYAmt018424
IRS990/TotalLiabilitiesGrp/BOYAmt0253182
IRS990/TotalLiabilitiesGrp/EOYAmt018424
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0522765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0434248
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02705
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02705
IRS990/TotalProgramServiceExpensesAmt0138933
IRS990/TotalProgramServiceRevenueAmt097224
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0987
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097224
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt098211
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0775947
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0452672
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0522765
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0434248
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt035 PEARL STREET
IRS990/USAddress/CityNm0PITTSFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001201
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BARRY J CLAIRMONT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04134999371
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PITTSFIELD ECONOMIC REVITALIZATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PITT
ReturnHeader/Filer/EIN0042961787
ReturnHeader/Filer/PhoneNum04134999371
ReturnHeader/Filer/USAddress/AddressLine1Txt070 ALLEN STREET NO 205
ReturnHeader/Filer/USAddress/CityNm0PITTSFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A92C75D2DC919F39BE3D4BEF393BBC299BAA4506
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0527626D7C8A8B859D986A8EA724FA54A69C5BC53
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.125.165.90
ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:29:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205711238
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ADELSON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 NORTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001201
ReturnHeader/PreparerPersonGrp/PhoneNum04134436408
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL J LEIBINGER-HEALEY CPA
ReturnHeader/ReturnTs02020-07-14T10:29:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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
$452,672
Liabilities
$18,424
Net assets
$434,248
Revenue
$98,211
Expenses
$186,728
Net income
-$88,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.04$0.42$0.32$0.34$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.15$0.47$0.29$0.28$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.59$0.13$0.46$0.37$0.32$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.24$0.27$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.05$0.41$0.20$0.20$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.03$0.41$0.09$0.12$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.02$0.43$0.10$0.19$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.25$0.52$0.08$0.12$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.30$0.56$0.10$0.10$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.37$0.56$0.11$0.09$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.43$0.54$0.12$0.10$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.97$0.45$0.52$0.17$0.21$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.85$0.57$0.15$0.15$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.80$0.57$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.57$0.52$0.21