Civic Intelligence

Andover Community Trust Inc.

990 • Fiscal year 2015 • EIN 04-3159877

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 21, 2016

Organization Profilewww.andoverclt.org
PO Box 5038Andover, MA 01810

(978) 475-3748

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.46x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

6.60x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$32,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 76.1% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

53rd percentile

2.1%

Faster asset growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$609,223

Up $12,460 (+2.1%) from 2014

Net Assets

Down

$331,949

Down $9,814 (-2.9%) from 2014

Liabilities

Up

$277,274

Up $22,274 (+8.7%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin12th percentile

Revenue

Up

$42,042

Up $4,906 (+13%) from 2014

Expenses

Up

$51,856

Up $31,658 (+157%) from 2014

Net Income

Down

-$9,814

Down $26,752 (-158%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $303,426Liabilities 2010: $40,000Net Assets 2010: $263,4262010Assets 2011: $370,587Liabilities 2011: $40,000Net Assets 2011: $330,5872011Assets 2012: $593,158Liabilities 2012: $255,000Net Assets 2012: $338,1582012Assets 2013: $579,825Liabilities 2013: $255,000Net Assets 2013: $324,8252013Assets 2014: $596,763Liabilities 2014: $255,000Net Assets 2014: $341,7632014Assets 2015: $609,223Liabilities 2015: $277,274Net Assets 2015: $331,9492015Assets 2016: $835,372Liabilities 2016: $259,560Net Assets 2016: $575,8122016Assets 2017: $910,298Liabilities 2017: $379,979Net Assets 2017: $530,3192017Assets 2018: $1,165,539Liabilities 2018: $386,688Net Assets 2018: $778,8512018Assets 2019: $1,298,654Liabilities 2019: $395,908Net Assets 2019: $902,7462019Assets 2020: $1,758,112Liabilities 2020: $791,432Net Assets 2020: $966,6802020Assets 2021: $1,846,417Liabilities 2021: $783,330Net Assets 2021: $1,063,0872021Assets 2022: $1,460,935Liabilities 2022: $732,931Net Assets 2022: $728,0042022Assets 2023: $1,617,364Liabilities 2023: $780,676Net Assets 2023: $836,6882023Assets 2024: $1,707,759Liabilities 2024: $736,375Net Assets 2024: $971,3842024

Highlighted filing

2015

Assets$609,223
Liabilities$277,274
Net Assets$331,949
Open 2015 Filing

Operations Trend

Revenue Growth67th percentile

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

$400K$200K$0-$200K-$400KExpenses 2010: $4,7172010Expenses 2011: $7,3982011Revenue 2012: $15,833Expenses 2012: $5,788Net Income 2012: $10,0452012Revenue 2013: $35,459Expenses 2013: $7,385Net Income 2013: $28,0742013Revenue 2014: $37,136Expenses 2014: $20,198Net Income 2014: $16,9382014Revenue 2015: $42,042Expenses 2015: $51,856Net Income 2015: -$9,8142015Revenue 2016: $63,464Expenses 2016: $54,684Net Income 2016: $8,7802016Revenue 2017: $8,679Expenses 2017: $58,770Net Income 2017: -$50,0912017Revenue 2018: $314,207Expenses 2018: $63,879Net Income 2018: $250,3282018Revenue 2019: $177,535Expenses 2019: $62,227Net Income 2019: $115,3082019Revenue 2020: $121,563Expenses 2020: $63,658Net Income 2020: $57,9052020Revenue 2021: $155,590Expenses 2021: $65,831Net Income 2021: $89,7592021Revenue 2022: -$251,896Expenses 2022: $73,940Net Income 2022: -$325,8362022Revenue 2023: $187,881Expenses 2023: $85,913Net Income 2023: $101,9682023Revenue 2024: $238,748Expenses 2024: $109,992Net Income 2024: $128,7562024

Highlighted filing

2015

Revenue$42,042
Expenses$51,856
Net Income-$9,814
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 21, 2016
Return Version
2015v2.0
Gross Receipts
$42,042
Mission and Program Overview

Mission

To provide affordable housing in Andover

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$458,826$444,056▼ $14,770
Land, Buildings, and Equipment, Net$128,882$154,106▲ $25,224
Other Notes and Loans Receivable, Net$5,769$4,959▼ $810
Accounts Receivable$535$1,350▲ $815
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$596,763$609,223▲ $12,460
Other Assets Total$2,751$4,752▲ $2,001
Liabilities
Mortgage Notes Payable Secured by Investment Property$255,000$255,000→ $0
Other Liabilities-$22,274-
Total Liabilities$255,000$277,274▲ $22,274
Net Assets / Fund Balance
Unrestricted Net Assets$341,763$331,949▼ $9,814
Total Net Assets Fund Balance$341,763$331,949▼ $9,814
Total Liabilities and Net Assets / Fund Balance$596,763$609,223▲ $12,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,740--
Land$127,142--
Leasehold Improvements$25,224--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleBaseTotal
Denise JohnsonExecutive Director$32,000$32,000

Board Members and Trustees

NameTitle
John PearsonPresident
Blake MartinDirector
Josiah WeissDirector
Mercedes DuranDirector
Michael LombardDirector
Priscilla LoringDirector
Raymonda AbouhamadDirector
Sandra DavilaDirector
Sara HidalgoDirector
Susan Garth ScottDirector
Tana GoldbergDirector
Vonne MoralesDirector
Joan JohnsonSecretary
Donald SchroederTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$40,268
Program Service Revenue
$0
Investment Income
$1,774
Other Revenue
$0
All Other Contributions
$32,911
Change in Net Assets
$-9,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,448
Other Expenses$17,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,000--$32,000
Occupancy$4,605--$4,605
Insurance$2,602--$2,602
Payroll Taxes$2,448--$2,448
Office Expenses$868--$868
All Other Expenses$700--$700
Other Expenses$382--$382
Fees for Services Other$54--$54
Interest$47--$47
Total Functional Expenses$51,856$0$0$51,856
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$22,274
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 reviewed and approved by Treasurer.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“by request”

Filing and Contact Details

Filer

Filer Name
Andover Community Trust
EIN
04-3159877
Phone
9784753748
Address
PO Box 5038, Andover, MA 01810

Signing Officer

Name
John Pearson
Title
President
Signed
2016-07-21
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
11
Employees
1

Preparer

Firm
OSullivan & Co PC
Address
871 Turnpike St Ste 205, North Andover, MA 01845-6156
Preparer
DANIEL O'SULLIVAN
Phone
9786867970
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0255000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0255000
IRS990/NetAssetsOrFundBalancesBOYAmt0341763
IRS990/NetAssetsOrFundBalancesEOYAmt0331949
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt04605
IRS990/OccupancyGrp/TotalAmt04605
IRS990/OfficeExpensesGrp/ProgramServicesAmt0868
IRS990/OfficeExpensesGrp/TotalAmt0868
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02751
IRS990/OtherAssetsTotalGrp/EOYAmt04752
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0annual meeting
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2misc
IRS990/OtherExpensesGrp/Desc3payroll processing fees
IRS990/OtherExpensesGrp/ProgramServicesAmt04363
IRS990/OtherExpensesGrp/ProgramServicesAmt12935
IRS990/OtherExpensesGrp/ProgramServicesAmt2852
IRS990/OtherExpensesGrp/ProgramServicesAmt3382
IRS990/OtherExpensesGrp/TotalAmt04363
IRS990/OtherExpensesGrp/TotalAmt12935
IRS990/OtherExpensesGrp/TotalAmt2852
IRS990/OtherExpensesGrp/TotalAmt3382
IRS990/OtherLiabilitiesGrp/EOYAmt022274
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05769
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04959
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02448
IRS990/PayrollTaxesGrp/TotalAmt02448
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt035572
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01564
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt014274
IRS990/PYRevenuesLessExpensesAmt016938
IRS990/PYSalariesCompEmpBnftPaidAmt05924
IRS990/PYTotalExpensesAmt020198
IRS990/PYTotalRevenueAmt037136
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-9814
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0458826
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0444056
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt037844
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt032071
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt031497
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt023125
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027271
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0151808
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01564
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01289
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02973
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08690
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt02305
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt03120
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt02872
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt03078
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt011375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01564
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01289
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02973
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08690
IRS990ScheduleA/InvestmentIncomeCYPct00.05060
IRS990ScheduleA/InvestmentIncomePYPct00.05870
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94940
IRS990ScheduleA/PublicSupportPY509Pct00.94130
IRS990ScheduleA/PublicSupportTotal509Amt0163183
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt035191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt034369
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt026203
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt027271
IRS990ScheduleA/Total509Grp/TotalAmt0163183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt041923
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt036755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt035459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt027492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt030244
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0171873
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01740
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01740
IRS990ScheduleD/LandGrp/BookValueAmt0127142

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$609,223
Liabilities
$277,274
Net assets
$331,949
Revenue
$42,042
Expenses
$51,856
Net income
-$9,814
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.71$0.74$0.97$0.24$0.11$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.78$0.84$0.19$0.09$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.73$0.73$0.25$0.07$0.33
2021Detailed filing. Detailed filing data is available for this year.$1.85$0.78$1.06$0.16$0.07$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.79$0.97$0.12$0.06$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.40$0.90$0.18$0.06$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.39$0.78$0.31$0.06$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.38$0.53$0.01$0.06$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.26$0.58$0.06$0.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.61$0.28$0.33$0.04$0.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.26$0.34$0.04$0.02$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.58$0.26$0.32$0.04$0.01$0.03
2012Summary only. Only limited summary data is available for this year.$0.59$0.26$0.34$0.02$0.01$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.04$0.33$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.04$0.26$0.00