Civic Intelligence

Pine Oaks III Inc

EIN 04-3329757 • 501(c)3 • Harwich, MA

Profile

To provide affordable low income housing for the elderly.

300 Leightons LaneHarwich, MA 02645

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.77x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

50th percentile

4.6%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

43rd percentile

1.1%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

28%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,039,824

Up $42,816 (+1.1%) from 2023

Liabilities

Up

$656,735

Up $3,542 (+0.5%) from 2023

Net Assets

Up

$3,383,089

Up $39,274 (+1.2%) from 2023

Revenue

Up

$855,348

Up $188,302 (+28%) from 2023

Expenses

Up

$816,074

Up $31,113 (+4.0%) from 2023

Net Income

Up

$39,274

Up $157,189 (+133%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $5,358,909Liabilities 2010: $642,306Net Assets 2010: $4,716,6032010Assets 2011: $5,248,435Liabilities 2011: $621,290Net Assets 2011: $4,627,1452011Assets 2012: $5,198,032Liabilities 2012: $637,925Net Assets 2012: $4,560,1072012Assets 2013: $5,081,449Liabilities 2013: $642,314Net Assets 2013: $4,439,1352013Assets 2014: $4,959,865Liabilities 2014: $637,512Net Assets 2014: $4,322,3532014Assets 2015: $4,852,943Liabilities 2015: $625,126Net Assets 2015: $4,227,8172015Assets 2016: $4,785,895Liabilities 2016: $645,066Net Assets 2016: $4,140,8292016Assets 2017: $4,682,972Liabilities 2017: $659,541Net Assets 2017: $4,023,4312017Assets 2018: $4,562,103Liabilities 2018: $647,518Net Assets 2018: $3,914,5852018Assets 2019: $4,479,419Liabilities 2019: $654,286Net Assets 2019: $3,825,1332019Assets 2020: $4,403,052Liabilities 2020: $653,082Net Assets 2020: $3,749,9702020Assets 2021: $4,278,037Liabilities 2021: $693,562Net Assets 2021: $3,584,4752021Assets 2022: $4,121,117Liabilities 2022: $659,387Net Assets 2022: $3,461,7302022Assets 2023: $3,997,008Liabilities 2023: $653,193Net Assets 2023: $3,343,8152023Assets 2024: $4,039,824Liabilities 2024: $656,735Net Assets 2024: $3,383,0892024

Highlighted filing

2024

Assets$4,039,824
Liabilities$656,735
Net Assets$3,383,089

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $584,8242010Expenses 2011: $593,5552011Expenses 2012: $572,9222012Revenue 2013: $509,867Expenses 2013: $630,839Net Income 2013: -$120,9722013Revenue 2014: $518,226Expenses 2014: $635,008Net Income 2014: -$116,7822014Revenue 2015: $537,094Expenses 2015: $631,630Net Income 2015: -$94,5362015Revenue 2016: $538,772Expenses 2016: $625,760Net Income 2016: -$86,9882016Revenue 2017: $537,576Expenses 2017: $654,974Net Income 2017: -$117,3982017Revenue 2018: $546,735Expenses 2018: $655,581Net Income 2018: -$108,8462018Revenue 2019: $576,333Expenses 2019: $665,785Net Income 2019: -$89,4522019Revenue 2020: $627,367Expenses 2020: $702,530Net Income 2020: -$75,1632020Revenue 2021: $613,482Expenses 2021: $778,977Net Income 2021: -$165,4952021Revenue 2022: $667,840Expenses 2022: $790,585Net Income 2022: -$122,7452022Revenue 2023: $667,046Expenses 2023: $784,961Net Income 2023: -$117,9152023Revenue 2024: $855,348Expenses 2024: $816,074Net Income 2024: $39,2742024

Highlighted filing

2024

Revenue$855,348
Expenses$816,074
Net Income$39,274

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$0.66$3.38$0.86$0.82$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.00$0.65$3.34$0.67$0.78$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.66$3.46$0.67$0.79$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$0.69$3.58$0.61$0.78$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.40$0.65$3.75$0.63$0.70$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$0.65$3.83$0.58$0.67$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.56$0.65$3.91$0.55$0.66$0.11
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.68$0.66$4.02$0.54$0.65$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.79$0.65$4.14$0.54$0.63$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.85$0.63$4.23$0.54$0.63$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.96$0.64$4.32$0.52$0.64$0.12
2013Detailed filing. Detailed filing data is available for this year.$5.08$0.64$4.44$0.51$0.63$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.64$4.56$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$0.62$4.63$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.36$0.64$4.72$0.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 5, 2025
Return Version
2024v5.0
Gross Receipts
$855,348
Mission and Program Overview

Mission

To provide affordable low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,854,076$3,736,676▼ $117,400
Cash and Non-Interest-Bearing Accounts$8,292$60,509▲ $52,217
Prepaid Expenses and Deferred Charges$8,832$48,843▲ $40,011
Accounts Receivable$23,340$76▼ $23,264
Total Assets$3,997,008$4,039,824▲ $42,816
Other Assets Total$102,468$193,720▲ $91,252
Liabilities
Mortgage Notes Payable Secured by Investment Property$580,000$580,000→ $0
Accounts Payable and Accrued Expenses$46,483$50,340▲ $3,857
Escrow Account Liability$26,710$26,395▼ $315
Total Liabilities$653,193$656,735▲ $3,542
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,343,815$3,383,089▲ $39,274
Total Net Assets Fund Balance$3,343,815$3,383,089▲ $39,274
Total Liabilities and Net Assets / Fund Balance$3,997,008$4,039,824▲ $42,816

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,543,782$2,770,909$6,314,691
Other Land Buildings$139,867$200,405$340,272
Equipment$1,869$75,081$76,950
Land$51,158-$51,158
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gregory Y WinstonPresident
Albert DeyDirector
Joanne ClancyDirector
Joe Della MorteDirector
John ClarkeDirector
Joyce WilliamsDirector
Kathy CockcroftDirector
Laurian SchultzDirector
Debra BassettAssistant Tr
Phyllis CushlanisSecretary
Forrest EatonTreasurer
Robert DoaneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$445,772
Program Service Revenue
$407,474
Investment Income
$2,102
Other Revenue
$0
Change in Net Assets
$39,274

Audited Revenue Reconciliation

Revenue per Audited Statements
$855,348
Total Revenue per Audited Statements
$855,348
Total Revenue per Form 990
$855,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$626,047
Salaries, Compensation, and Employee Benefits$190,027
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,764$101,426-$162,190
Depreciation Depletion$156,320--$156,320
Occupancy$111,045--$111,045
Fees for Services Management-$82,770-$82,770
Insurance$75,299--$75,299
All Other Expenses$28,984--$28,984
Payroll Taxes$27,837--$27,837
Other Expenses$19,315$55,492-$19,315
Office Expenses-$15,554-$15,554
Fees for Services Accounting-$14,250-$14,250
Advertising-$576-$576
Fees for Services Legal-$265-$265
Total Functional Expenses$545,741$270,333$0$816,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$816,074
Total Expenses per Audited Statements$816,074
Total Expenses per Form 990$816,074
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Hallkeen management of norwood, ma is the management firm responsible for the management of the organization's day to day operations.

Form 990, Page 6, Part VI, Line 11B

Copy of form 990 provided to all board members at annual meeting for approval.

Form 990, Page 6, Part VI, Line 12C

Board enforces conflicts of interest policies.

Form 990, Page 6, Part VI, Line 15A

Performed by management company for management company employees.

Form 990, Page 6, Part VI, Line 15B

Performed by management company for management company employees.

Form 990, Page 6, Part VI, Line 19

Form 990 and governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pine Oaks Iii Inc
EIN
04-3329757
Phone
5084329611
Address
300 LEIGHTONS LANE, HARWICH, MA 02645

Signing Officer

Name
Forrest Eaton
Title
Treasurer
Phone
5084329611
Signed
2025-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Y Winston
Formed
1996
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
3

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee CPA
Phone
5084280790
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

In accordance with the terms of hud's regulatory agreement, the organization keeps separate account for tenant security deposits.

Raw XML AppendixShowing 400 of 434 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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