Civic Intelligence

Co-Nexus Inc.

990 • Fiscal year 2017 • EIN 04-3446374

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 18, 2018

888 Main StreetWoburn, MA 01801

(781) 365-0611

Siviq Scores

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

Liabilities / Assets

97th percentile

1.70x

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

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

Liabilities / Revenue

98th percentile

8.93x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

8th percentile

-34%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

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

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

49th percentile

4.1%

Faster revenue growth than 49% of similar nonprofits.

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

Assets

Down

$522,084

Down $16,762 (-3.1%) from 2016

Net Assets

Down

-$364,639

Down $33,382 (-10%) from 2016

Liabilities

Up

$886,723

Up $16,620 (+1.9%) from 2016

Revenue

Up

$99,278

Up $3,913 (+4.1%) from 2016

Expenses

Up

$132,660

Up $9,925 (+8.1%) from 2016

Net Income

Down

-$33,382

Down $6,012 (-22%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $626,236Liabilities 2012: $823,304Net Assets 2012: -$197,0682012Assets 2013: $592,625Liabilities 2013: $811,039Net Assets 2013: -$218,4142013Assets 2014: $565,212Liabilities 2014: $833,101Net Assets 2014: -$267,8892014Assets 2015: $557,703Liabilities 2015: $861,590Net Assets 2015: -$303,8872015Assets 2016: $538,846Liabilities 2016: $870,103Net Assets 2016: -$331,2572016Assets 2017: $522,084Liabilities 2017: $886,723Net Assets 2017: -$364,6392017Assets 2018: $505,365Liabilities 2018: $747,465Net Assets 2018: -$242,1002018Assets 2019: $498,719Liabilities 2019: $732,358Net Assets 2019: -$233,6392019Assets 2020: $463,348Liabilities 2020: $715,096Net Assets 2020: -$251,7482020Assets 2021: $445,272Liabilities 2021: $696,328Net Assets 2021: -$251,0562021Assets 2022: $429,884Liabilities 2022: $673,050Net Assets 2022: -$243,1662022Assets 2023: $409,524Liabilities 2023: $649,966Net Assets 2023: -$240,4422023Assets 2024: $393,292Liabilities 2024: $622,376Net Assets 2024: -$229,0842024Assets 2025: $382,703Liabilities 2025: $594,124Net Assets 2025: -$211,4212025

Highlighted filing

2017

Assets$522,084
Liabilities$886,723
Net Assets-$364,639

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $89,213Expenses 2012: $97,445Net Income 2012: -$8,2322012Revenue 2013: $79,274Expenses 2013: $78,618Net Income 2013: $6562013Revenue 2014: $85,401Expenses 2014: $104,172Net Income 2014: -$18,7712014Revenue 2015: $87,188Expenses 2015: $123,186Net Income 2015: -$35,9982015Revenue 2016: $95,365Expenses 2016: $122,735Net Income 2016: -$27,3702016Revenue 2017: $99,278Expenses 2017: $132,660Net Income 2017: -$33,3822017Revenue 2018: $213,374Expenses 2018: $90,835Net Income 2018: $122,5392018Revenue 2019: $92,264Expenses 2019: $83,803Net Income 2019: $8,4612019Revenue 2020: $91,510Expenses 2020: $109,619Net Income 2020: -$18,1092020Revenue 2021: $94,107Expenses 2021: $93,415Net Income 2021: $6922021Revenue 2022: $97,007Expenses 2022: $89,117Net Income 2022: $7,8902022Revenue 2023: $96,219Expenses 2023: $93,495Net Income 2023: $2,7242023Revenue 2024: $104,981Expenses 2024: $93,623Net Income 2024: $11,3582024Revenue 2025: $105,038Expenses 2025: $87,375Net Income 2025: $17,6632025

Highlighted filing

2017

Revenue$99,278
Expenses$132,660
Net Income-$33,382
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 18, 2018
Return Version
2016v3.0
Gross Receipts
$99,278
Mission and Program Overview

Mission

The organization was established to provide a home-like community residence for adults with qualified special needs.

Facility management for adults with special needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$511,755$511,431▼ $324
Cash and Non-Interest-Bearing Accounts$26,738$10,433▼ $16,305
Total Assets$538,846$522,084▼ $16,762
Other Assets Total$353$220▼ $133
Liabilities
Mortgage Notes Payable Secured by Investment Property$770,366$757,604▼ $12,762
Other Liabilities$95,737$125,119▲ $29,382
Accounts Payable and Accrued Expenses$4,000$4,000→ $0
Total Liabilities$870,103$886,723▲ $16,620
Net Assets / Fund Balance
Unrestricted Net Assets$-331,257$-364,639▼ $33,382
Total Net Assets Fund Balance$-331,257$-364,639▼ $33,382
Total Liabilities and Net Assets / Fund Balance$538,846$522,084▼ $16,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$411,431$341,147$752,578
Land$100,000-$100,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jerrold KatzPresident
Alice Van DeusenDirector
David NihillDirector
Kathleen FarleySecretary
Marie PriceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$99,258
Investment Income
$20
Other Revenue
$0
Change in Net Assets
$-33,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,660
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
Fees for Services Management-$41,447-$41,447
Interest$34,293--$34,293
Occupancy$25,837--$25,837
Depreciation Depletion$20,935--$20,935
Fees for Services Accounting-$4,000-$4,000
Fees for Services Other-$3,892-$3,892
Insurance$1,356--$1,356
Office Expenses-$900-$900
Total Functional Expenses$82,421$50,239$0$132,660
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common BoardPAYABLE;LISTTOTAL 95781No$125,119
-Common BoardManagement FeesNo$41,447
-Common BoardInsuranceNo$1,356
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$125,119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Section A, Line 8B

The organization is a small nonprofit with limited resources. As a result, the board of directors is responsible for all fiduciary and cognizant oversight of the organization.

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

Due to the size of the organization it does not have any designated committees.

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

All board members receive a copy of the required filings prior to them forms being submitted to reporting authorities.

Form 990, Part VI, Section B, Line 15

The organization does not have any payroll expenses.

Form 990, Part VI, Section C, Line 19

The organization's required public disclosure documents are available upon request and on the massachusetts attorney general's website.

Filing and Contact Details

Filer

Filer Name
Co-nexus Inc
EIN
04-3446374
Phone
7813650611
Address
888 MAIN STREET, WOBURN, MA 01801

Signing Officer

Name
Edward Sacco
Title
Executive Director
Phone
7813650611
Signed
2018-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Sacco
Formed
1986
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Litmangerson Associates Llp
Address
600 W CUMMINGS PARK SUITE 4400, WOBURN, MA 01801
Preparer
Robert F Hart Jr
Phone
7815694700
Supplemental Narrative

Additional Explanations

Form 990 Lince 2C

The organization's board of directors assumes responsibility for oversight of reviewed financial statements and the selection of the independent certified public accountant.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYABLE;LISTTOTAL 95781
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2INSURANCE
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A SMALL NONPROFIT WITH LIMITED RESOURCES. AS A RESULT, THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ALL FIDUCIARY AND COGNIZANT OVERSIGHT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE TO THE SIZE OF THE ORGANIZATION IT DOES NOT HAVE ANY DESIGNATED COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS RECEIVE A COPY OF THE REQUIRED FILINGS PRIOR TO THEM FORMS BEING SUBMITTED TO REPORTING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY PAYROLL EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S REQUIRED PUBLIC DISCLOSURE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF REVIEWED FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 LINCE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEXUS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237246765
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CARE AND HOUSING OF SPECIAL NEEDS ADULTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0888 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WOBURN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0125119
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt141447
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21356
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PAYABLE-FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1MGT FEE-ALLOCATED P/R & RELATED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2INSURANCE-ALLOCATED SHARED POLICY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0538846
IRS990/TotalAssetsEOYAmt0522084
IRS990/TotalAssetsGrp/BOYAmt0538846
IRS990/TotalAssetsGrp/EOYAmt0522084
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050239
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082421
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132660
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0870103
IRS990/TotalLiabilitiesEOYAmt0886723
IRS990/TotalLiabilitiesGrp/BOYAmt0870103
IRS990/TotalLiabilitiesGrp/EOYAmt0886723
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-331257
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-364639
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt082421
IRS990/TotalProgramServiceRevenueAmt099258
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt099258
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt099278
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0538846
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0522084
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-331257
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-364639
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0888 MAIN STREET
IRS990/USAddress/CityNm0WOBURN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001801
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD SACCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07813650611
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CO-NEXUS INC
ReturnHeader/Filer/BusinessNameControlTxt0CO-N
ReturnHeader/Filer/EIN0043446374
ReturnHeader/Filer/PhoneNum07813650611
ReturnHeader/Filer/USAddress/AddressLine1Txt0888 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0WOBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001801
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A2D3415AC0C527A8602BC8B83DC9C6BFAA622B70
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A105A6ED6801FF1846E1EFF4F4AB5086E4B18BE2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.140.196.162
ReturnHeader/FilingSecurityInformation/IPDt02018-01-18

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.83$5.94$2.11$1.05$0.87$0.18
2024Detailed filing. Detailed filing data is available for this year.$3.93$6.22$2.29$1.05$0.94$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.10$6.50$2.40$0.96$0.93$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.30$6.73$2.43$0.97$0.89$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$6.96$2.51$0.94$0.93$0.01
2020Detailed filing. Detailed filing data is available for this year.$4.63$7.15$2.52$0.92$1.10$0.18
2019Detailed filing. Detailed filing data is available for this year.$4.99$7.32$2.34$0.92$0.84$0.08
2018Detailed filing. Detailed filing data is available for this year.$5.05$7.47$2.42$2.13$0.91$1.23
2017Detailed filing. Detailed filing data is available for this year.$5.22$8.87$3.65$0.99$1.33$0.33
2016Detailed filing. Detailed filing data is available for this year.$5.39$8.70$3.31$0.95$1.23$0.27
2015Detailed filing. Detailed filing data is available for this year.$5.58$8.62$3.04$0.87$1.23$0.36
2014Detailed filing. Detailed filing data is available for this year.$5.65$8.33$2.68$0.85$1.04$0.19
2013Summary only. Only limited summary data is available for this year.$5.93$8.11$2.18$0.79$0.79$0.01
2012Summary only. Only limited summary data is available for this year.$6.26$8.23$1.97$0.89$0.97$0.08