Civic Intelligence

Andover Community Trust Inc.

990 • Fiscal year 2017 • EIN 04-3159877

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

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

0.42x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

43.78x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-577%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$36,500

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 420.6% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

63rd percentile

9.0%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-86%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$910,298

Up $74,926 (+9.0%) from 2016

Net Assets

Down

$530,319

Down $45,493 (-7.9%) from 2016

Liabilities

Up

$379,979

Up $120,419 (+46%) from 2016

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$8,679

Down $54,785 (-86%) from 2016

Expenses

Up

$58,770

Up $4,086 (+7.5%) from 2016

Net Income

Down

-$50,091

Down $58,871 (-671%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2017

Assets$910,298
Liabilities$379,979
Net Assets$530,319
Open 2017 Filing

Operations Trend

Revenue Growth1st 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

2017

Revenue$8,679
Expenses$58,770
Net Income-$50,091
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.2
Gross Receipts
$357,533
Mission and Program Overview

Mission

To provide affordable housing in Andover

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$417,720$418,719▲ $999
Savings and Temporary Cash Investments$298,027$381,235▲ $83,208
Cash and Non-Interest-Bearing Accounts$20,193$47,306▲ $27,113
Investments in Publicly Traded Securities$12,376$0▼ $12,376
Other Notes and Loans Receivable, Net$3,980$8,754▲ $4,774
Accounts Receivable$1,565$2,373▲ $808
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$835,372$910,298▲ $74,926
Other Assets Total$81,511$51,911▼ $29,600
Liabilities
Mortgage Notes Payable Secured by Investment Property$255,000$335,000▲ $80,000
Deferred Revenue-$42,365-
Accounts Payable and Accrued Expenses$4,560$2,614▼ $1,946
Total Liabilities$259,560$379,979▲ $120,419
Net Assets / Fund Balance
Unrestricted Net Assets$575,812$530,319▼ $45,493
Total Net Assets Fund Balance$575,812$530,319▼ $45,493
Total Liabilities and Net Assets / Fund Balance$835,372$910,298▲ $74,926

Asset Categories

AssetBook ValueDepreciationBasis
Land$393,495--
Leasehold Improvements$25,224--
Other Assets Org$2--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleBaseTotal
Denise JohnsonExecutive Director$36,500$36,500

Board Members and Trustees

NameTitle
John PearsonPresident
Austin SimkoDirector
Blake MartinDirector
Ellen KellerDirector
Joan JohnsonDirector
Mercedes DuranDirector
Michael LombardDirector
Norm RiceDirector
Raymonda AbouhamadDirector
Sandra DavilaDirector
Sara HidalgoDirector
Susan Garth ScottDirector
Tana GoldbergDirector
Vonne MoralesSecretary
Priscilla LoringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$131,485
Program Service Revenue
$0
Investment Income
$-122,806
Other Revenue
$0
All Other Contributions
$131,485
Change in Net Assets
$-50,091

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded2$28,507
Total Noncash Contributions2$28,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$39,292
Other Expenses$19,478
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$36,500--$36,500
Occupancy$4,150--$4,150
Payroll Taxes$2,792--$2,792
Insurance$2,324--$2,324
All Other Expenses$1,367--$1,367
Other Expenses$662--$662
Office Expenses$503--$503
Advertising$175--$175
Total Functional Expenses$58,770$0$0$58,770
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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
Denise Johnson
Title
Executive Director
Signed
2018-10-31
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/InvestmentIncomeGrp/TotalRevenueColumnAmt02016
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012376
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0417720
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0418719
IRS990/LandBldgEquipCostOrOtherBssAmt0418719
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0348854
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide affordable housing in Andover
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0255000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0335000
IRS990/NetAssetsOrFundBalancesBOYAmt0575812
IRS990/NetAssetsOrFundBalancesEOYAmt0530319
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-124822
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-124822
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04598
IRS990/NoncashContributionsAmt028507
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt04150
IRS990/OccupancyGrp/TotalAmt04150
IRS990/OfficeExpensesGrp/ProgramServicesAmt0503
IRS990/OfficeExpensesGrp/TotalAmt0503
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt081511
IRS990/OtherAssetsTotalGrp/EOYAmt051911
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Annual Meeting Expense
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Consultants
IRS990/OtherExpensesGrp/ProgramServicesAmt06721
IRS990/OtherExpensesGrp/ProgramServicesAmt12904
IRS990/OtherExpensesGrp/ProgramServicesAmt2672
IRS990/OtherExpensesGrp/ProgramServicesAmt3662
IRS990/OtherExpensesGrp/TotalAmt06721
IRS990/OtherExpensesGrp/TotalAmt12904
IRS990/OtherExpensesGrp/TotalAmt2672
IRS990/OtherExpensesGrp/TotalAmt3662
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03980
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08754
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02792
IRS990/PayrollTaxesGrp/TotalAmt02792
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt061480
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01984
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt017007
IRS990/PYRevenuesLessExpensesAmt08780
IRS990/PYSalariesCompEmpBnftPaidAmt037677
IRS990/PYTotalExpensesAmt054684
IRS990/PYTotalRevenueAmt063464
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-50091
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0298027
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0381235
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0128255
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt058360
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037844
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032071
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt031497
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0288027
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01984
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01564
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01090
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08428
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt03230
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt03120
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt02305
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt03120
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt02872
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt014647
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01984
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01564
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08428
IRS990ScheduleA/InvestmentIncomeCYPct00.02710
IRS990ScheduleA/InvestmentIncomePYPct00.03750
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97290
IRS990ScheduleA/PublicSupportPY509Pct00.96250
IRS990ScheduleA/PublicSupportTotal509Amt0302674
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0131485
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt061480
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt040149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt035191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt034369
IRS990ScheduleA/Total509Grp/TotalAmt0302674
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0133501

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Filings

Displayed year

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

Open filing
Assets
$910,298
Liabilities
$379,979
Net assets
$530,319
Revenue
$8,679
Expenses
$58,770
Net income
-$50,091
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