Civic Intelligence

Quail Ridge Homeowners Association Inc

990 • Fiscal year 2015 • EIN 04-3101024

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 01, 2016

c/o Lorell Management 84 RichardsonNorton, MA 02766

(508) 222-1220

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

72nd percentile

21%

Higher net margin than 72% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

62nd percentile

4.0%

Faster asset growth than 62% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-0.7%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$782,266

Up $30,380 (+4.0%) from 2014

Net Assets

Up

$766,068

Up $27,380 (+3.7%) from 2014

Liabilities

Up

$16,198

Up $3,000 (+23%) from 2014

Revenue

Down

$263,125

Down $1,911 (-0.7%) from 2014

Expenses

Up

$207,478

Up $4,413 (+2.2%) from 2014

Net Income

Down

$55,647

Down $6,324 (-10%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $540,972Liabilities 2010: $20,392Net Assets 2010: $520,5802010Assets 2011: $582,192Liabilities 2011: $12,976Net Assets 2011: $569,2162011Assets 2012: $675,245Liabilities 2012: $14,943Net Assets 2012: $660,3022012Assets 2013: $696,852Liabilities 2013: $17,631Net Assets 2013: $679,2212013Assets 2014: $751,886Liabilities 2014: $13,198Net Assets 2014: $738,6882014Assets 2015: $782,266Liabilities 2015: $16,198Net Assets 2015: $766,0682015Assets 2016: $831,409Liabilities 2016: $12,553Net Assets 2016: $818,8562016Assets 2017: $932,594Liabilities 2017: $11,935Net Assets 2017: $920,6592017Assets 2018: $971,982Liabilities 2018: $14,935Net Assets 2018: $957,0472018Assets 2019: $1,078,555Liabilities 2019: $22,186Net Assets 2019: $1,056,3692019Assets 2020: $1,131,115Liabilities 2020: $984,831Net Assets 2020: $146,2842020Assets 2021: $1,195,310Liabilities 2021: $990,694Net Assets 2021: $204,6162021Assets 2022: $1,051,764Liabilities 2022: $986,246Net Assets 2022: $65,5182022Assets 2023: $1,131,755Liabilities 2023: $981,672Net Assets 2023: $150,0832023Assets 2024: $28,117Liabilities 2024: $7,102Net Assets 2024: $21,0152024

Highlighted filing

2015

Assets$782,266
Liabilities$16,198
Net Assets$766,068

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $241,2682010Expenses 2011: $239,9162011Expenses 2012: $238,4132012Revenue 2013: $290,703Expenses 2013: $245,333Net Income 2013: $45,3702013Revenue 2014: $265,036Expenses 2014: $203,065Net Income 2014: $61,9712014Revenue 2015: $263,125Expenses 2015: $207,478Net Income 2015: $55,6472015Revenue 2016: $244,843Expenses 2016: $231,369Net Income 2016: $13,4742016Revenue 2017: $264,720Expenses 2017: $177,500Net Income 2017: $87,2202017Revenue 2018: $253,502Expenses 2018: $178,248Net Income 2018: $75,2542018Revenue 2019: $289,379Expenses 2019: $230,503Net Income 2019: $58,8762019Revenue 2020: $334,801Expenses 2020: $319,672Net Income 2020: $15,1292020Revenue 2021: $369,262Expenses 2021: $319,992Net Income 2021: $49,2702021Revenue 2022: $344,947Expenses 2022: $334,729Net Income 2022: $10,2182022Revenue 2023: $348,653Expenses 2023: $338,886Net Income 2023: $9,7672023Revenue 2024: $1,180,115Expenses 2024: $1,309,183Net Income 2024: -$129,0682024

Highlighted filing

2015

Revenue$263,125
Expenses$207,478
Net Income$55,647
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 1, 2016
Return Version
2015v2.1
Gross Receipts
$1,036,885
Mission and Program Overview

Mission

Manage sewer system for homeowner's association.

Manage sewer system for a Homeowner's Association

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$738,688$766,068▲ $27,380
Investments in Publicly Traded Securities$695,879$703,540▲ $7,661
Cash and Non-Interest-Bearing Accounts$53,431$76,611▲ $23,180
Total Assets$751,886$782,266▲ $30,380
Other Assets Total$2,576$2,115▼ $461
Liabilities
Other Liabilities$12,865$14,990▲ $2,125
Accounts Payable and Accrued Expenses$333$1,208▲ $875
Total Liabilities$13,198$16,198▲ $3,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$738,688$766,068▲ $27,380
Total Liabilities and Net Assets / Fund Balance$751,886$782,266▲ $30,380
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leonard DombaPresident
Raj SakamuriDirector
Ellen LiaoClerk
Zheng ZhangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$240,718
Program Service Revenue
$0
Investment Income
$22,407
Other Revenue
$0
Change in Net Assets
$55,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,478
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
Other Expenses$192,078$0$0$192,078
Fees for Services Management$0$12,900$0$12,900
Fees for Services Accounting$0$2,500$0$2,500
Total Functional Expenses$192,078$15,400$0$207,478
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
Prepaid Assessments$14,990
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Quail Ridge Homeowners' Association
EIN
04-3101024
Phone
5082221220
Address
c/o Lorell Management 84 Richardson, Norton, MA 02766

Signing Officer

Name
Ron Hornung
Title
Managing Agent
Phone
5082221220
Signed
2016-03-01
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
David A Doucette CPA
Address
2 Hampshire Street Suite 100B, Foxboro, MA 02035
Preparer
David a Doucette
Phone
5083393078
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

Available Upon Request

Pt VI, Line 3

Lorell Management Corporation, Managing Agent

Pt VI, Line 6

Homeowner's Association-all members of organization

Pt VI, Line 7A

Vote annually by members

Pt VI, Line 11B

Available upon request

Form 990EZ, Part II, Line 24

PREPAIDS

Raw XML Appendix257 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
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IRS990/GainOrLossGrp/SecuritiesAmt0-5654
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0768106
IRS990/GrossReceiptsAmt01036885
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndoorTanningServicesInd0false
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IRS990/MembersOrStockholdersInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/PartialLiquidationInd0false
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IRS990/ProfessionalFundraisingInd0false
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IRS990/PYContributionsGrantsAmt0241001
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IRS990/PYInvestmentIncomeAmt024035
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IRS990/RelatedEntityInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014990
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Assessments
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Available Upon Request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Lorell Management Corporation, Managing Agent
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Homeowner's Association-all members of organization
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Vote annually by members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PREPAIDS
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/ReturnTs02016-03-02T10:24:15-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.01$0.02$1.18$1.31$0.13
2023Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.13$0.98$0.15$0.35$0.34$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.99$0.07$0.34$0.33$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.99$0.20$0.37$0.32$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.98$0.15$0.33$0.32$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.02$1.06$0.29$0.23$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.01$0.96$0.25$0.18$0.08
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.93$0.01$0.92$0.26$0.18$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.82$0.24$0.23$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.02$0.77$0.26$0.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.74$0.27$0.20$0.06
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.70$0.02$0.68$0.29$0.25$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.66$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.01$0.57$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.02$0.52$0.24