Civic Intelligence

Co-Nexus Inc.

990 • Fiscal year 2018 • EIN 04-3446374

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 14, 2019

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

96th percentile

1.48x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

3.50x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$143,266

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 67.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

33rd percentile

-3.2%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

115%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$505,365

Down $16,719 (-3.2%) from 2017

Net Assets

Up

-$242,100

Up $122,539 (+34%) from 2017

Liabilities

Down

$747,465

Down $139,258 (-16%) from 2017

Revenue

Up

$213,374

Up $114,096 (+115%) from 2017

Expenses

Down

$90,835

Down $41,825 (-32%) from 2017

Net Income

Up

$122,539

Up $155,921 (+467%) from 2017

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

2018

Assets$505,365
Liabilities$747,465
Net Assets-$242,100

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

2018

Revenue$213,374
Expenses$90,835
Net Income$122,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 14, 2019
Return Version
2017v2.3
Gross Receipts
$213,374
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$511,431$490,038▼ $21,393
Cash and Non-Interest-Bearing Accounts$10,433$15,240▲ $4,807
Total Assets$522,084$505,365▼ $16,719
Other Assets Total$220$87▼ $133
Liabilities
Mortgage Notes Payable Secured by Investment Property$757,604$742,109▼ $15,495
Accounts Payable and Accrued Expenses$4,000$4,000→ $0
Other Liabilities$125,119$1,356▼ $123,763
Total Liabilities$886,723$747,465▼ $139,258
Net Assets / Fund Balance
Unrestricted Net Assets$-364,639$-242,100▲ $122,539
Total Net Assets Fund Balance$-364,639$-242,100▲ $122,539
Total Liabilities and Net Assets / Fund Balance$522,084$505,365▼ $16,719

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$390,038$362,540$752,578
Land$100,000-$100,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Edward SaccoExecutive Director (q1-q3)$143,266$143,266
Greg McgowanExecutive Director (q4)$87,359$87,359
James LearnedFinancial Director$84,470$84,470

Board Members and Trustees

NameTitle
Jerrold KatzPresident
Alice Van DeusenDirector
Marie PriceDirector
Kathleen FarleySecretary
David NihillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$91,574
Investment Income
$17
Other Revenue
$121,783
Change in Net Assets
$122,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,835
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$33,114--$33,114
Occupancy$25,279--$25,279
Depreciation Depletion$21,393--$21,393
Fees for Services Management-$4,073-$4,073
Fees for Services Accounting-$3,375-$3,375
Office Expenses-$1,740-$1,740
Insurance$1,356--$1,356
Fees for Services Other-$505-$505
Total Functional Expenses$81,142$9,693$0$90,835
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 BoardManagement FeesNo$4,073
-Common BoardInsuranceNo$1,356
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$1,356
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, 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
Greg Mcgowan
Title
Executive Director
Phone
7813650611
Signed
2019-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Mcgowan
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
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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/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt095366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt087188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt085401
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0580607
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0390038
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0362540
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0752578
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0490038
IRS990ScheduleD/TotalLiabilityAmt01356
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0NEXUS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1NEXUS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1COMMON BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04073
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11356
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INSURANCE
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/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
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 7
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/InvolvedAmt04073
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11356
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2121783
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt31356
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0MGT FEE-ALLOCATED P/R & RELATED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1INSURANCE-ALLOCATED SHARED POLICY
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FORGIVENESS OF DEBT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3PAYABLE-FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0522084
IRS990/TotalAssetsEOYAmt0505365
IRS990/TotalAssetsGrp/BOYAmt0522084
IRS990/TotalAssetsGrp/EOYAmt0505365
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt081142
IRS990/TotalFunctionalExpensesGrp/TotalAmt090835
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0886723
IRS990/TotalLiabilitiesEOYAmt0747465
IRS990/TotalLiabilitiesGrp/BOYAmt0886723
IRS990/TotalLiabilitiesGrp/EOYAmt0747465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-364639
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-242100
IRS990/TotalOtherCompensationAmt038546
IRS990/TotalProgramServiceExpensesAmt081142
IRS990/TotalProgramServiceRevenueAmt091574
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt017
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213357
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213374
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0522084
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0505365
IRS990/TotReportableCompRltdOrgAmt0276549
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-364639
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-242100
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0888 MAIN STREET
IRS990/USAddress/CityNm0WOBURN

Document Assets

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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