Civic Intelligence

Spring Meadows Association of Responsible Tenants Inc.

990 • Fiscal year 2017 • EIN 04-3159643

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 07, 2018

Organization ProfileN/A
176 Cannon CircleSpringfield, MA 01118

(413) 783-5250

Siviq Scores

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

Liabilities / Assets

96th percentile

1.24x

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

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

Liabilities / Revenue

95th percentile

7.33x

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

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

Net Margin

6th percentile

-42%

Higher net margin than 6% 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

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

32nd percentile

-0.7%

Faster revenue growth than 32% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$20,361,767

Up $4,146,327 (+26%) from 2016

Net Assets

Down

-$4,813,208

Down $1,432,965 (-42%) from 2016

Liabilities

Up

$25,174,975

Up $5,579,292 (+28%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin6th percentile

Revenue

Down

$3,436,035

Down $23,176 (-0.7%) from 2016

Expenses

Up

$4,869,000

Up $1,256,387 (+35%) from 2016

Net Income

Down

-$1,432,965

Down $1,279,563 (-834%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$30M$20M$10M$0-$10M-$20MAssets 2010: $15,612,740Liabilities 2010: $17,930,000Net Assets 2010: -$2,317,2602010Assets 2011: $15,264,937Liabilities 2011: $17,308,413Net Assets 2011: -$2,043,4762011Assets 2012: $14,747,880Liabilities 2012: $16,925,332Net Assets 2012: -$2,177,4522012Assets 2013: $14,384,404Liabilities 2013: $16,749,585Net Assets 2013: -$2,365,1812013Assets 2014: $13,891,262Liabilities 2014: $16,784,924Net Assets 2014: -$2,893,6622014Assets 2015: $14,081,233Liabilities 2015: $17,308,074Net Assets 2015: -$3,226,8412015Assets 2016: $16,215,440Liabilities 2016: $19,595,683Net Assets 2016: -$3,380,2432016Assets 2017: $20,361,767Liabilities 2017: $25,174,975Net Assets 2017: -$4,813,2082017Assets 2018: $18,131,972Liabilities 2018: $25,050,605Net Assets 2018: -$6,918,6332018Assets 2019: $16,258,992Liabilities 2019: $24,967,946Net Assets 2019: -$8,708,9542019Assets 2020: $15,167,594Liabilities 2020: $24,838,276Net Assets 2020: -$9,670,6822020Assets 2021: $14,323,481Liabilities 2021: $24,704,458Net Assets 2021: -$10,380,9772021Assets 2022: $13,684,795Liabilities 2022: $24,543,276Net Assets 2022: -$10,858,4812022Assets 2023: $12,879,058Liabilities 2023: $24,398,584Net Assets 2023: -$11,519,5262023Assets 2024: $11,862,595Liabilities 2024: $24,351,383Net Assets 2024: -$12,488,7882024

Highlighted filing

2017

Assets$20,361,767
Liabilities$25,174,975
Net Assets-$4,813,208
Open 2017 Filing

Operations Trend

Revenue Growth32nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $2,744,9352010Expenses 2011: $3,012,5202011Expenses 2012: $3,005,2702012Revenue 2013: $2,809,889Expenses 2013: $2,977,254Net Income 2013: -$167,3652013Revenue 2014: $2,772,270Expenses 2014: $3,300,751Net Income 2014: -$528,4812014Revenue 2015: $3,137,635Expenses 2015: $3,470,814Net Income 2015: -$333,1792015Revenue 2016: $3,459,211Expenses 2016: $3,612,613Net Income 2016: -$153,4022016Revenue 2017: $3,436,035Expenses 2017: $4,869,000Net Income 2017: -$1,432,9652017Revenue 2018: $3,354,056Expenses 2018: $5,459,481Net Income 2018: -$2,105,4252018Revenue 2019: $3,768,709Expenses 2019: $5,559,030Net Income 2019: -$1,790,3212019Revenue 2020: $3,973,638Expenses 2020: $4,935,366Net Income 2020: -$961,7282020Revenue 2021: $4,117,328Expenses 2021: $4,827,623Net Income 2021: -$710,2952021Revenue 2022: $4,200,695Expenses 2022: $4,678,199Net Income 2022: -$477,5042022Revenue 2023: $4,498,699Expenses 2023: $5,159,744Net Income 2023: -$661,0452023Revenue 2024: $4,391,725Expenses 2024: $5,360,987Net Income 2024: -$969,2622024

Highlighted filing

2017

Revenue$3,436,035
Expenses$4,869,000
Net Income-$1,432,965
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 7, 2018
Return Version
2016v3.0
Gross Receipts
$3,436,035
Mission and Program Overview

Mission

To own, rehabilitate and operate affordable housing in springfield ma.

To acquire, rehabilitate and operate an affordable housing project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,776,741$17,196,523▲ $2,419,782
Cash and Non-Interest-Bearing Accounts$184,538$153,715▼ $30,823
Prepaid Expenses and Deferred Charges$72,696$72,696→ $0
Accounts Receivable$156,844$64,622▼ $92,222
Total Assets$16,215,440$20,361,767▲ $4,146,327
Other Assets Total$1,024,621$2,874,211▲ $1,849,590
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,463,492$24,986,330▲ $5,522,838
Escrow Account Liability$71,536$69,491▼ $2,045
Accounts Payable and Accrued Expenses$17,034$63,572▲ $46,538
Deferred Revenue$43,621$55,582▲ $11,961
Total Liabilities$19,595,683$25,174,975▲ $5,579,292
Net Assets / Fund Balance
Unrestricted Net Assets$-3,380,243$-4,813,208▼ $1,432,965
Total Net Assets Fund Balance$-3,380,243$-4,813,208▼ $1,432,965
Total Liabilities and Net Assets / Fund Balance$16,215,440$20,361,767▲ $4,146,327

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,897,937$11,048,899$24,946,836
Equipment$2,112,501$1,565,739$3,678,240
Other Land Buildings$711,215-$711,215
Land$474,870-$474,870
Other Assets Org$53,234--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Keya HicksPresident
Marisabel ColonVice President/ Treasurer
Ann JamisonDirector
Chris AlvarezDirector
Raven ColonDirector
Pura SantanaDirector (thru 8/8/2017)
Sarah CruzadoClerk/ Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mount Holyoke ManagementManagement Agent667 MAIN STREET, Holyoke, MA 01040$716,916
Key Contractors INCConstruction665 MAIN STREET, Holyoke, MA 01040$436,284
Interstate Plumbing & HeatingConstruction667 MAIN STREET, Holyoke, MA 01040$291,634
River Valley PropertiesConstruction667 MAIN STREET, Holyoke, MA 01040$171,067
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,304,816
Investment Income
$1,137
Other Revenue
$130,082
Change in Net Assets
$-1,432,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,436,035
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,436,035
Total Revenue per Form 990
$3,436,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,869,000
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
Depreciation Depletion$1,709,907--$1,709,907
Occupancy$1,494,318--$1,494,318
Insurance$374,244--$374,244
Fees for Services Management-$161,802-$161,802
Interest$140,693--$140,693
Office Expenses-$96,906-$96,906
Fees for Services Legal-$86,471-$86,471
Fees for Services Other-$17,302-$17,302
Fees for Services Accounting-$12,000-$12,000
Other Expenses$139,327$10,674-$10,674
Advertising-$3,879-$3,879
All Other Expenses$826--$826
Total Functional Expenses$4,222,209$646,791$0$4,869,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,869,000
Total Expenses per Audited Statements$4,869,000
Total Expenses per Form 990$4,869,000
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
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
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Marisabel colon (vice president/treasurer) and raven jenkins-colon (director) have a family relationship.”

Form 990, Part VI, Section A, Line 3

“In addition to property management and bookkeeping services, mount holyoke management also performs the initial review of form 990, has responsibility for custody of the organization's funds, and plans budgets.”

Form 990, Part VI, Section A, Line 6

“Members include all lessees who have been tenants for at least 30 days. Members elect the governing board of directors.”

Form 990, Part VI, Section A, Line 7A

“Members (adult tenants of the development) elect the board of directors.”

Form 990, Part VI, Section A, Line 8B

“There were no separate committees of the board”

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

“The form 990 is reviewed by the organization's asset manager and members of the board. A copy of form 990 is distributed to all board members prior to filing.”

Form 990, Part VI, Section C, Line 18

“Form 990, part vi, section c. Line 18: form 990 is available upon request”

Form 990, Part VI, Section C, Line 19

“Form 990, part vi, section c, line 19: governing documents and financial statements are available to the public upon request. Requests should be submitted to keya hicks, spring meadow association of responsible tenants, inc.; 28 cannon circle, springfield, ma 01104”

Filing and Contact Details

Filer

Filer Name
Spring Meadow Association of Responsible
EIN
04-3159643
Phone
4137835250
Address
176 CANNON CIRCLE, SPRINGFIELD, MA 01118

Signing Officer

Name
Keya Hicks
Title
President
Phone
4137835250
Signed
2018-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keya Hicks
Formed
1991
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Meyers Brothers Kalicka Pc
Address
330 WHITNEY AVE SUITE 800, HOLYOKE, MA 01040
Preparer
James Barrett
Phone
4135368510
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The organization did not change its audit oversight process or selection process during the year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits are collected at the beginning of the initial lease period and released upon vacancy of tenancy.”

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 AppendixShowing 400 of 494 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/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (THRU 8/8/2017)
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IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt024986330
IRS990/NetAssetsOrFundBalancesBOYAmt0-3380243
IRS990/NetAssetsOrFundBalancesEOYAmt0-4813208
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01494318
IRS990/OccupancyGrp/TotalAmt01494318
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt096906
IRS990/OfficeExpensesGrp/TotalAmt096906
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01024621
IRS990/OtherAssetsTotalGrp/EOYAmt02874211
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc1TENANT ACTIVITY
IRS990/OtherExpensesGrp/Desc2MISC ADMIN
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0173354
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt184403
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210674
IRS990/OtherExpensesGrp/ProgramServicesAmt0362894
IRS990/OtherExpensesGrp/ProgramServicesAmt1139327
IRS990/OtherExpensesGrp/TotalAmt0536248
IRS990/OtherExpensesGrp/TotalAmt1139327
IRS990/OtherExpensesGrp/TotalAmt284403
IRS990/OtherExpensesGrp/TotalAmt310674
IRS990/OtherRevenueMiscGrp/BusinessCd0621990
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0130042
IRS990/OtherRevenueMiscGrp/ExclusionAmt140
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0130042
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt140
IRS990/OtherRevenueTotalAmt0130082
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072696
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072696
IRS990/PrincipalOfficerNm0KEYA HICKS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT FUND REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03135674
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1123924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224374
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320844
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03135674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1123924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224374
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320844
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01067
IRS990/PYOtherExpensesAmt03612613
IRS990/PYOtherRevenueAmt0277579
IRS990/PYProgramServiceRevenueAmt03180565
IRS990/PYRevenuesLessExpensesAmt0-153402
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03612613
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03459211
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1432965
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03304816
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt016586
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt023878
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt040464
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0865
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01243
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0942
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03304816
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03180565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03136680
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02770942
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02808947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015201950
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt040
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt085
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0865
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0942
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05254
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99700
IRS990ScheduleA/PublicSupportPY509Pct00.99810
IRS990ScheduleA/PublicSupportTotal509Amt015161751
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt016586
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt023878
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt040464
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03304856
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03180615
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03136770
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02771027
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02808947
IRS990ScheduleA/Total509Grp/TotalAmt015202215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03305993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03181682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03137635
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02772270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02809889
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015207469
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt013897937
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011048899
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt024946836
IRS990ScheduleD/EquipmentGrp/BookValueAmt02112501
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01565739
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03678240
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04869000
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0474870
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0474870
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt069494
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12068860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2336843
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3220780
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4125000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt553234
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT/PATIENT DEPOSITS HELD IN TRU
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEBT SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5FINANCING FEES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0711215
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0711215
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03436035
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE COLLECTED AT THE BEGINNING OF THE INITIAL LEASE PERIOD AND RELEASED UPON VACANCY OF TENANCY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT 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 IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017196523
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02874211
IRS990ScheduleD/TotalExpensesPerForm990Amt04869000
IRS990ScheduleD/TotalRevenuePerForm990Amt03436035
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03436035
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04869000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARISABEL COLON (VICE PRESIDENT/TREASURER) AND RAVEN JENKINS-COLON (DIRECTOR) HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ADDITION TO PROPERTY MANAGEMENT AND BOOKKEEPING SERVICES, MOUNT HOLYOKE MANAGEMENT ALSO PERFORMS THE INITIAL REVIEW OF FORM 990, HAS RESPONSIBILITY FOR CUSTODY OF THE ORGANIZATION'S FUNDS, AND PLANS BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS INCLUDE ALL LESSEES WHO HAVE BEEN TENANTS FOR AT LEAST 30 DAYS. MEMBERS ELECT THE GOVERNING BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS (ADULT TENANTS OF THE DEVELOPMENT) ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WERE NO SEPARATE COMMITTEES OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S ASSET MANAGER AND MEMBERS OF THE BOARD. A COPY OF FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART VI, SECTION C. LINE 18: FORM 990 IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS SHOULD BE SUBMITTED TO KEYA HICKS, SPRING MEADOW ASSOCIATION OF RESPONSIBLE TENANTS, INC.; 28 CANNON CIRCLE, SPRINGFIELD, MA 01104
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION DID NOT CHANGE ITS AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$20,361,767
Liabilities
$25,174,975
Net assets
-$4,813,208
Revenue
$3,436,035
Expenses
$4,869,000
Net income
-$1,432,965
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$24.4$12.5$4.39$5.36$0.97
2023Detailed filing. Detailed filing data is available for this year.$12.9$24.4$11.5$4.50$5.16$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$24.5$10.9$4.20$4.68$0.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$24.7$10.4$4.12$4.83$0.71
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$15.2$24.8$9.67$3.97$4.94$0.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$25.0$8.71$3.77$5.56$1.79
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$25.1$6.92$3.35$5.46$2.11
2017Detailed filing. Detailed filing data is available for this year.$20.4$25.2$4.81$3.44$4.87$1.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$19.6$3.38$3.46$3.61$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$17.3$3.23$3.14$3.47$0.33
2014Detailed filing. Detailed filing data is available for this year.$13.9$16.8$2.89$2.77$3.30$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$16.7$2.37$2.81$2.98$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$16.9$2.18$3.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$17.3$2.04$3.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$17.9$2.32$2.74