Civic Intelligence

Fall River Group Homes Inc.

990 • Fiscal year 2019 • EIN 04-3480851

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 03, 2020

169 Summer StreetKingston, MA 02364

(781) 422-4200

Siviq Scores

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

Liabilities / Assets

95th percentile

1.08x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

4.25x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

28th percentile

-6.3%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

39th percentile

-2.6%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

0.0%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$436,007

Down $11,779 (-2.6%) from 2018

Net Assets

Down

-$33,699

Down $6,913 (-26%) from 2018

Liabilities

Down

$469,706

Down $4,866 (-1.0%) from 2018

Revenue

Flat

$110,424

Flat from 2018

Expenses

Down

$117,337

Down $6,331 (-5.1%) from 2018

Net Income

Up

-$6,913

Up $6,331 (+48%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $723,058Liabilities 2010: $637,947Net Assets 2010: $85,1112010Assets 2011: $687,652Liabilities 2011: $619,960Net Assets 2011: $67,6922011Assets 2012: $651,001Liabilities 2012: $603,953Net Assets 2012: $47,0482012Assets 2013: $611,377Liabilities 2013: $587,153Net Assets 2013: $24,2242013Assets 2014: $572,880Liabilities 2014: $566,692Net Assets 2014: $6,1882014Assets 2015: $486,475Liabilities 2015: $487,315Net Assets 2015: -$8402015Assets 2016: $476,506Liabilities 2016: $478,494Net Assets 2016: -$1,9882016Assets 2017: $463,915Liabilities 2017: $477,457Net Assets 2017: -$13,5422017Assets 2018: $447,786Liabilities 2018: $474,572Net Assets 2018: -$26,7862018Assets 2019: $436,007Liabilities 2019: $469,706Net Assets 2019: -$33,6992019Assets 2020: $427,501Liabilities 2020: $456,847Net Assets 2020: -$29,3462020Assets 2021: $417,235Liabilities 2021: $452,118Net Assets 2021: -$34,8832021Assets 2022: $412,844Liabilities 2022: $478,368Net Assets 2022: -$65,5242022Assets 2023: $402,980Liabilities 2023: $482,685Net Assets 2023: -$79,7052023Assets 2024: $390,768Liabilities 2024: $488,253Net Assets 2024: -$97,4852024Assets 2025: $334,116Liabilities 2025: $384,924Net Assets 2025: -$50,8082025

Highlighted filing

2019

Assets$436,007
Liabilities$469,706
Net Assets-$33,699

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $102,8132010Expenses 2011: $114,0262011Revenue 2012: $96,588Expenses 2012: $117,232Net Income 2012: -$20,6442012Revenue 2013: $99,054Expenses 2013: $121,878Net Income 2013: -$22,8242013Revenue 2014: $102,841Expenses 2014: $120,876Net Income 2014: -$18,0352014Revenue 2015: $105,827Expenses 2015: $112,855Net Income 2015: -$7,0282015Revenue 2016: $108,797Expenses 2016: $109,945Net Income 2016: -$1,1482016Revenue 2017: $110,424Expenses 2017: $121,978Net Income 2017: -$11,5542017Revenue 2018: $110,424Expenses 2018: $123,668Net Income 2018: -$13,2442018Revenue 2019: $110,424Expenses 2019: $117,337Net Income 2019: -$6,9132019Revenue 2020: $110,505Expenses 2020: $106,152Net Income 2020: $4,3532020Revenue 2021: $110,424Expenses 2021: $115,961Net Income 2021: -$5,5372021Revenue 2022: $112,957Expenses 2022: $143,598Net Income 2022: -$30,6412022Revenue 2023: $120,652Expenses 2023: $134,833Net Income 2023: -$14,1812023Revenue 2024: $129,051Expenses 2024: $146,831Net Income 2024: -$17,7802024Revenue 2025: $238,935Expenses 2025: $192,258Net Income 2025: $46,6772025

Highlighted filing

2019

Revenue$110,424
Expenses$117,337
Net Income-$6,913
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 3, 2020
Return Version
2019v5.0
Gross Receipts
$110,424
Mission and Program Overview

Mission

To develop & manage low income housing for the elderly and disabled.

To provide subsidized low income housing for the elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$412,680$401,199▼ $11,481
Cash and Non-Interest-Bearing Accounts$33,475$32,791▼ $684
Accounts Receivable$1,631$2,017▲ $386
Total Assets$447,786$436,007▼ $11,779
Liabilities
Mortgage Notes Payable Secured by Investment Property$450,178$438,284▼ $11,894
Accounts Payable and Accrued Expenses$24,394$31,422▲ $7,028
Total Liabilities$474,572$469,706▼ $4,866
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-26,786$-33,699▼ $6,913
Total Net Assets Fund Balance$-26,786$-33,699▼ $6,913
Total Liabilities and Net Assets / Fund Balance$447,786$436,007▼ $11,779

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$401,199$492,114$893,313
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$110,424
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-6,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,337
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
Occupancy$31,627--$31,627
Depreciation Depletion$24,878--$24,878
Insurance$6,259--$6,259
Interest$6,141--$6,141
Fees for Services Management-$800-$800
Fees for Services Accounting$501--$501
Other Expenses$478--$478
Office Expenses$228--$228
Travel$173--$173
Total Functional Expenses$116,537$800$0$117,337
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the form 990 is given to the finance committee. The finance committee reviews and approves the form 990.

Form 990, Part VI, Section B, Line 12C

The executive director and cfo monitor proposed or ongoing transactions for conflicts of interest and disclose them to the board president in order to deal with potential or actual conflicts.

Form 990, Part VI, Section C, Line 19

The organization makes it's form 990, governing documents, conflict of interest and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fall River Group Homes Inc
EIN
04-3480851
Phone
7814224200
Address
169 SUMMER STREET, KINGSTON, MA 02364

Signing Officer

Name
Maureen Petersen
Title
CFO
Phone
7814224220
Signed
2020-02-03

Organization Details

Principal Officer
Maureen Petersen
Formed
1999
Legal Domicile
Ma
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 308A, DEDHAM, MA 02026
Phone
6172629898
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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP & MANAGE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0450178
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0438284
IRS990/NetAssetsOrFundBalancesBOYAmt0-26786
IRS990/NetAssetsOrFundBalancesEOYAmt0-33699
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-26786
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-33699
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt031627
IRS990/OccupancyGrp/TotalAmt031627
IRS990/OfficeExpensesGrp/ProgramServicesAmt0228
IRS990/OfficeExpensesGrp/TotalAmt0228
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2REAL RESTATE TAX
IRS990/OtherExpensesGrp/Desc3MISC ADMIN EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt024111
IRS990/OtherExpensesGrp/ProgramServicesAmt120785
IRS990/OtherExpensesGrp/ProgramServicesAmt21356
IRS990/OtherExpensesGrp/ProgramServicesAmt3478
IRS990/OtherExpensesGrp/TotalAmt024111
IRS990/OtherExpensesGrp/TotalAmt120785
IRS990/OtherExpensesGrp/TotalAmt21356
IRS990/OtherExpensesGrp/TotalAmt3478
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MAUREEN PETERSEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0110424
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0110424
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt097920
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0110424
IRS990/PYRevenuesLessExpensesAmt0-13244
IRS990/PYSalariesCompEmpBnftPaidAmt025748
IRS990/PYTotalExpensesAmt0123668
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0110424
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-6913
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0110424
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0110424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0110424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0110424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0108797
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0105817
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0545886
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0545886
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0110424
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0110424
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0110424
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0108797
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0105817
IRS990ScheduleA/Total509Grp/TotalAmt0545886
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0110424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0110424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0110424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0108797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0105817
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0545886
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0401199
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0492114
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0893313
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0401199
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS GIVEN TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND CFO MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE BOARD PRESIDENT IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES IT'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSING SOLUTIONS FOR SOUTHEARSTERN MASSACHUAETTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237131446
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE SUBSIDIZED LOW INCOME HOUSING.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)1(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0169 SUMMER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0KINGSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002364
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.34$3.85$0.51$2.39$1.92$0.47
2024Detailed filing. Detailed filing data is available for this year.$3.91$4.88$0.97$1.29$1.47$0.18
2023Detailed filing. Detailed filing data is available for this year.$4.03$4.83$0.80$1.21$1.35$0.14
2022Detailed filing. Detailed filing data is available for this year.$4.13$4.78$0.66$1.13$1.44$0.31
2021Detailed filing. Detailed filing data is available for this year.$4.17$4.52$0.35$1.10$1.16$0.06
2020Detailed filing. Detailed filing data is available for this year.$4.28$4.57$0.29$1.11$1.06$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.36$4.70$0.34$1.10$1.17$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.48$4.75$0.27$1.10$1.24$0.13
2017Detailed filing. Detailed filing data is available for this year.$4.64$4.77$0.14$1.10$1.22$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.77$4.78$0.02$1.09$1.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.86$4.87$0.01$1.06$1.13$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.73$5.67$0.06$1.03$1.21$0.18
2013Detailed filing. Detailed filing data is available for this year.$6.11$5.87$0.24$0.99$1.22$0.23
2012Summary only. Only limited summary data is available for this year.$6.51$6.04$0.47$0.97$1.17$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.88$6.20$0.68$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$6.38$0.85$1.03