Civic Intelligence

Fredricke Court Development Corporation

990 • Fiscal year 2021 • EIN 04-3575600

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 30, 2021

141 Brewster RoadBrewster, MA 02631

(617) 423-7000

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

17th percentile

-3.2%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

0.3%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,428,273

Down $80,134 (-3.2%) from 2020

Net Assets

Down

$2,390,601

Down $75,538 (-3.1%) from 2020

Liabilities

Down

$37,672

Down $4,596 (-11%) from 2020

Revenue

Up

$258,339

Up $708 (+0.3%) from 2020

Expenses

Up

$333,877

Up $25,031 (+8.1%) from 2020

Net Income

Down

-$75,538

Down $24,323 (-47%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,042,294Liabilities 2011: $25,894Net Assets 2011: $3,016,4002011Assets 2012: $2,978,858Liabilities 2012: $27,998Net Assets 2012: $2,950,8602012Assets 2013: $2,914,648Liabilities 2013: $22,539Net Assets 2013: $2,892,1092013Assets 2014: $2,860,701Liabilities 2014: $22,332Net Assets 2014: $2,838,3692014Assets 2015: $2,801,560Liabilities 2015: $27,535Net Assets 2015: $2,774,0252015Assets 2016: $2,752,192Liabilities 2016: $30,745Net Assets 2016: $2,721,4472016Assets 2017: $2,697,402Liabilities 2017: $35,772Net Assets 2017: $2,661,6302017Assets 2018: $2,622,762Liabilities 2018: $43,765Net Assets 2018: $2,578,9972018Assets 2019: $2,553,791Liabilities 2019: $36,437Net Assets 2019: $2,517,3542019Assets 2020: $2,508,407Liabilities 2020: $42,268Net Assets 2020: $2,466,1392020Assets 2021: $2,428,273Liabilities 2021: $37,672Net Assets 2021: $2,390,6012021Assets 2022: $2,404,105Liabilities 2022: $65,743Net Assets 2022: $2,338,3622022Assets 2023: $2,372,352Liabilities 2023: $56,048Net Assets 2023: $2,316,3042023Assets 2024: $2,349,827Liabilities 2024: $70,275Net Assets 2024: $2,279,5522024Assets 2025: $2,349,743Liabilities 2025: $108,312Net Assets 2025: $2,241,4312025

Highlighted filing

2021

Assets$2,428,273
Liabilities$37,672
Net Assets$2,390,601

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $244,3192011Expenses 2012: $259,4202012Revenue 2013: $194,582Expenses 2013: $253,333Net Income 2013: -$58,7512013Revenue 2014: $206,441Expenses 2014: $260,181Net Income 2014: -$53,7402014Revenue 2015: $220,727Expenses 2015: $285,071Net Income 2015: -$64,3442015Revenue 2016: $229,890Expenses 2016: $282,468Net Income 2016: -$52,5782016Revenue 2017: $230,432Expenses 2017: $290,249Net Income 2017: -$59,8172017Revenue 2018: $227,007Expenses 2018: $309,640Net Income 2018: -$82,6332018Revenue 2019: $253,074Expenses 2019: $314,717Net Income 2019: -$61,6432019Revenue 2020: $257,631Expenses 2020: $308,846Net Income 2020: -$51,2152020Revenue 2021: $258,339Expenses 2021: $333,877Net Income 2021: -$75,5382021Revenue 2022: $279,157Expenses 2022: $331,396Net Income 2022: -$52,2392022Revenue 2023: $322,830Expenses 2023: $344,888Net Income 2023: -$22,0582023Revenue 2024: $331,871Expenses 2024: $368,623Net Income 2024: -$36,7522024Revenue 2025: $352,598Expenses 2025: $390,719Net Income 2025: -$38,1212025

Highlighted filing

2021

Revenue$258,339
Expenses$333,877
Net Income-$75,538
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 30, 2021
Return Version
2020v4.0
Gross Receipts
$258,339
Mission and Program Overview

Mission

The purpose of frederick court development is to develop,construct and operate twenty four (24) units of affordable housing for elderly and handicapped individuals located in brewster, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,421,211$2,347,966▼ $73,245
Cash and Non-Interest-Bearing Accounts$20,728$9,542▼ $11,186
Prepaid Expenses and Deferred Charges$3,747$4,279▲ $532
Accounts Receivable$11,007$1,317▼ $9,690
Total Assets$2,508,407$2,428,273▼ $80,134
Other Assets Total$51,714$65,169▲ $13,455
Liabilities
Accounts Payable and Accrued Expenses$31,940$25,948▼ $5,992
Other Liabilities$10,239$11,683▲ $1,444
Deferred Revenue$89$41▼ $48
Total Liabilities$42,268$37,672▼ $4,596
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,466,139$2,390,601▼ $75,538
Total Net Assets Fund Balance$2,466,139$2,390,601▼ $75,538
Total Liabilities and Net Assets / Fund Balance$2,508,407$2,428,273▼ $80,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,329,404$1,078,754$3,408,158
Other Land Buildings$18,562$36,811$55,373
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ernest RogersPresident
Denise RegoBoard Member
Ralph MarottiBoard Member
Paul RuchinskasTreasurer
Kimberly DenisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$121,574
Program Service Revenue
$121,210
Investment Income
$199
Other Revenue
$15,356
Change in Net Assets
$-75,538

Audited Revenue Reconciliation

Revenue per Audited Statements
$258,339
Total Revenue per Audited Statements
$258,339
Total Revenue per Form 990
$258,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,735
Salaries, Compensation, and Employee Benefits$4,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$73,245-$73,245
Fees for Services Other$44,405--$44,405
Occupancy$43,805--$43,805
Fees for Services Management$24,510--$24,510
Insurance$16,088--$16,088
Fees for Services Accounting$11,874--$11,874
Office Expenses$10,616--$10,616
Other Expenses$5,578--$5,578
Other Employee Benefits$4,142--$4,142
Fees for Services Legal$2,747--$2,747
All Other Expenses$125--$125
Total Functional Expenses$260,632$73,245$0$333,877

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$333,877
Total Expenses per Audited Statements$333,877
Total Expenses per Form 990$333,877
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
Resident Security Deposits$11,683
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Contracted management company first realty management.

Form 990, Page 6, Part VI, Line 7A

ANNUAL ELECTIONS.

Form 990, Page 6, Part VI, Line 7B

Board members approval required.

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

Treasurer, president and the management company review the financial statements and tax returns prior to submission.

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

Annual board meeting review of policies.

Form 990, Page 6, Part VI, Line 19

All governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Frederick Court Development
EIN
04-3575600
Address
141 BREWSTER ROAD, BREWSTER, MA 02631

Signing Officer

Name
Paul Ruchinskas
Title
Treasurer
Phone
6174237000
Signed
2021-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernest Rogers
Formed
2001
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Mgt co. Site mgr payroll cost 37,808 0 0 mgt co site mgr payroll tax 5,905 0 0 mgt co sie mgt wc cost 692 0 0 total 44,405 0 0

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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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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055373
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSITS
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IRS990ScheduleD/TotalExpensesPerForm990Amt0333877
IRS990ScheduleD/TotalLiabilityAmt011683
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTRACTED MANAGEMENT COMPANY FIRST REALTY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS APPROVAL REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TREASURER, PRESIDENT AND THE MANAGEMENT COMPANY REVIEW THE FINANCIAL STATEMENTS AND TAX RETURNS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL BOARD MEETING REVIEW OF POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MGT CO. SITE MGR PAYROLL COST 37,808 0 0 MGT CO SITE MGR PAYROLL TAX 5,905 0 0 MGT CO SIE MGT WC COST 692 0 0 TOTAL 44,405 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260632
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IRS990/TotalLiabilitiesEOYAmt037672
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IRS990/TotalProgramServiceExpensesAmt0260632
IRS990/TotalProgramServiceRevenueAmt0121210
IRS990/TotalRevenueGrp/ExclusionAmt015555
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0121210
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IRS990/USAddress/CityNm0E ORLEANS
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002662
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL RUCHINSKAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06174237000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREDERICK COURT DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0FRED
ReturnHeader/Filer/EIN0043575600
ReturnHeader/Filer/USAddress/AddressLine1Txt0141 BREWSTER ROAD
ReturnHeader/Filer/USAddress/CityNm0BREWSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002631
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841894608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SANDERS WALSH & EATON CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OSTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002655
ReturnHeader/PreparerPersonGrp/PhoneNum05084280790
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH F MCGEE CPA
ReturnHeader/ReturnTs02021-10-04T13:11:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUCHINSKAS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.35$0.11$2.24$0.35$0.39$0.04
2024Detailed filing. Detailed filing data is available for this year.$2.35$0.07$2.28$0.33$0.37$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.06$2.32$0.32$0.34$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.40$0.07$2.34$0.28$0.33$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.43$0.04$2.39$0.26$0.33$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.51$0.04$2.47$0.26$0.31$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.55$0.04$2.52$0.25$0.31$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.62$0.04$2.58$0.23$0.31$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.70$0.04$2.66$0.23$0.29$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.75$0.03$2.72$0.23$0.28$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.80$0.03$2.77$0.22$0.29$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.86$0.02$2.84$0.21$0.26$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.02$2.89$0.19$0.25$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.03$2.95$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.03$3.02$0.24