Civic Intelligence

Low Cost Tenants Association

990 • Fiscal year 2014 • EIN 04-3220310

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization ProfileN/A
163 W Springfield StreetBoston, MA 02118

(617) 247-1445

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.71x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

284%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

34th percentile

-0.0%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$11,808,968

Down $2,767 (-0.0%) from 2013

Net Assets

Down

$3,428,159

Down $111,478 (-3.1%) from 2013

Liabilities

Up

$8,380,809

Up $108,711 (+1.3%) from 2013

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$40,196

Down $197,520 (-126%) from 2013

Expenses

Down

$74,035

Down $21,309 (-22%) from 2013

Net Income

Down

-$114,231

Down $176,211 (-284%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$15M$10M$5.0M$0Assets 2010: $3,587,230Liabilities 2010: $227,416Net Assets 2010: $3,359,8142010Assets 2011: $11,494,356Liabilities 2011: $8,193,839Net Assets 2011: $3,300,5172011Assets 2012: $11,721,481Liabilities 2012: $8,317,388Net Assets 2012: $3,404,0932012Assets 2013: $11,811,735Liabilities 2013: $8,272,098Net Assets 2013: $3,539,6372013Assets 2014: $11,808,968Liabilities 2014: $8,380,809Net Assets 2014: $3,428,1592014Assets 2015: $11,698,291Liabilities 2015: $8,386,713Net Assets 2015: $3,311,5782015Assets 2016: $11,961,485Liabilities 2016: $8,240,289Net Assets 2016: $3,721,1962016Assets 2017: $12,299,052Liabilities 2017: $8,270,182Net Assets 2017: $4,028,8702017Assets 2018: $12,510,065Liabilities 2018: $8,308,148Net Assets 2018: $4,201,9172018Assets 2019: $12,619,310Liabilities 2019: $8,717,206Net Assets 2019: $3,902,1042019Assets 2020: $12,885,184Liabilities 2020: $8,244,504Net Assets 2020: $4,640,6802020

Highlighted filing

2014

Assets$11,808,968
Liabilities$8,380,809
Net Assets$3,428,159
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2010: $106,108Expenses 2010: $58,084Net Income 2010: $48,0242010Expenses 2011: $97,8752011Revenue 2012: $131,405Expenses 2012: $95,996Net Income 2012: $35,4092012Revenue 2013: $157,324Expenses 2013: $95,344Net Income 2013: $61,9802013Revenue 2014: -$40,196Expenses 2014: $74,035Net Income 2014: -$114,2312014Revenue 2015: $30,703Expenses 2015: $92,193Net Income 2015: -$61,4902015Revenue 2016: $516,889Expenses 2016: $84,812Net Income 2016: $432,0772016Revenue 2017: $328,244Expenses 2017: $87,961Net Income 2017: $240,2832017Revenue 2018: $411,055Expenses 2018: $112,873Net Income 2018: $298,1822018Revenue 2019: $426,699Expenses 2019: $131,607Net Income 2019: $295,0922019Revenue 2020: $213,897Expenses 2020: $138,624Net Income 2020: $75,2732020

Highlighted filing

2014

Revenue-$40,196
Expenses$74,035
Net Income-$114,231
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,621,541
Mission and Program Overview

Mission

To provide assistance in creating housing for low and middle income persons in the south end of boston

To provide affordable housing for persons of low and moderate income in the south end section of the city of boston

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,171,158$8,004,038▼ $167,120
Savings and Temporary Cash Investments$1,283,672$1,440,987▲ $157,315
Investments in Publicly Traded Securities$921,660$1,000,412▲ $78,752
Cash and Non-Interest-Bearing Accounts$1,052,906$982,647▼ $70,259
Accounts Receivable$116,314$135,094▲ $18,780
Total Assets$11,811,735$11,808,968▼ $2,767
Other Assets Total$266,025$245,790▼ $20,235
Liabilities
Other Liabilities$6,463,925$6,350,814▼ $113,111
Mortgage Notes Payable Secured by Investment Property$1,731,460$1,869,270▲ $137,810
Accounts Payable and Accrued Expenses$44,928$125,138▲ $80,210
Deferred Revenue$31,785$35,587▲ $3,802
Total Liabilities$8,272,098$8,380,809▲ $108,711
Net Assets / Fund Balance
Unrestricted Net Assets$3,231,745$3,134,930▼ $96,815
Temporarily Rstr Net Assets$307,892$293,229▼ $14,663
Total Net Assets Fund Balance$3,539,637$3,428,159▼ $111,478
Total Liabilities and Net Assets / Fund Balance$11,811,735$11,808,968▼ $2,767

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,986,245$376,392-
Land$1,017,793--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Jean NianePresident
Ruby ColemanVice-president/treasurer
Luis AmezquitaDirector
MURIEL O'NEILDirector
Marlene BaskervilleDirector
Maryline MuldrowDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$485
Investment Income
$77,667
Other Revenue
$-118,348
Change in Net Assets
$-114,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,035
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
Interest$14,663--$14,663
Fees for Services Accounting-$7,598-$7,598
Office Expenses-$4,464-$4,464
Other Expenses$38,085$1,181-$1,181
Total Functional Expenses$52,748$21,287$0$74,035
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
Bonds Payable$6,325,746
Accrued Interest$25,068
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization does not keep minutes for the meetings of committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“The president of the board of directors reviews the form 990 and presents a copy of the form 990 to the board for their review.”

Form 990, Part VI, Section B, Line 15

“The organization does not have any employees, therefore question 15 is not applicable.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Low Cost Tenants Association
EIN
04-3220310
Phone
6172471445
Address
163 W SPRINGFIELD STREET, BOSTON, MA 02118

Signing Officer

Name
Ruby Coleman
Title
Vice-president/treasurer
Phone
6172471445
Signed
2015-11-13

Organization Details

Principal Officer
Jean Niane
Formed
1994
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET SUITE 308A, DEDHAM, MA 02026
Preparer
Andy Bacigalupo
Phone
6172629898
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, and is exempt from state income taxes under chapter 180 of the massachusetts general laws. Unrelated business income, of which there was none for 2014, would be subject to federal and state income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes. The organization evaluates tax positions taken or expected to be taken in its tax returns to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold, along with accrued interest and penalty thereon would be recorded as an expense in the current year financial statements. At december 31, 2014, the organization believes that it has no uncertain tax positions within any of its open tax years.”

Raw XML AppendixShowing 400 of 418 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/Total509Grp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt085030
IRS990ScheduleA/Total509Grp/TotalAmt04519350
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0376392
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt125068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR 2014, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. THE ORGANIZATION EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT DECEMBER 31, 2014, THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08004038
IRS990ScheduleD/TotalLiabilityAmt06350814
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT KEEP MINUTES FOR THE MEETINGS OF COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND PRESENTS A COPY OF THE FORM 990 TO THE BOARD FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES, THEREFORE QUESTION 15 IS NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMETNS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02710701
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH TRANSACTION
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IRS990/TotalProgramServiceRevenueAmt0485
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-40681
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-40196
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RUBY COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE-PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06172471445
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOW COST TENANTS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LOWC
ReturnHeader/Filer/EIN0043220310
ReturnHeader/Filer/PhoneNum06172471445

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,808,968
Liabilities
$8,380,809
Net assets
$3,428,159
Revenue
-$40,196
Expenses
$74,035
Net income
-$114,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$12.9$8.24$4.64$0.21$0.14$0.08
2019Detailed filing. Detailed filing data is available for this year.$12.6$8.72$3.90$0.43$0.13$0.30
2018Detailed filing. Detailed filing data is available for this year.$12.5$8.31$4.20$0.41$0.11$0.30
2017Detailed filing. Detailed filing data is available for this year.$12.3$8.27$4.03$0.33$0.09$0.24
2016Detailed filing. Detailed filing data is available for this year.$12.0$8.24$3.72$0.52$0.08$0.43
2015Detailed filing. Detailed filing data is available for this year.$11.7$8.39$3.31$0.03$0.09$0.06
2014Detailed filing. Detailed filing data is available for this year.$11.8$8.38$3.43$0.04$0.07$0.11
2013Detailed filing. Detailed filing data is available for this year.$11.8$8.27$3.54$0.16$0.10$0.06
2012Summary only. Only limited summary data is available for this year.$11.7$8.32$3.40$0.13$0.10$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$8.19$3.30$0.10
2010Summary only. Only limited summary data is available for this year.$3.59$0.23$3.36$0.11$0.06$0.05