Civic Intelligence

Fredricke Court Development Corporation

990 • Fiscal year 2023 • EIN 04-3575600

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 27, 2023

141 Brewster RoadBrewster, MA 02631

(508) 896-5510

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.17x

Higher debt load relative to revenue than 62% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

27th percentile

-6.8%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

32nd percentile

-1.3%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

16%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,372,352

Down $31,753 (-1.3%) from 2022

Net Assets

Down

$2,316,304

Down $22,058 (-0.9%) from 2022

Liabilities

Down

$56,048

Down $9,695 (-15%) from 2022

Revenue

Up

$322,830

Up $43,673 (+16%) from 2022

Expenses

Up

$344,888

Up $13,492 (+4.1%) from 2022

Net Income

Up

-$22,058

Up $30,181 (+58%) from 2022

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

2023

Assets$2,372,352
Liabilities$56,048
Net Assets$2,316,304

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

2023

Revenue$322,830
Expenses$344,888
Net Income-$22,058
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 27, 2023
Return Version
2022v5.0
Gross Receipts
$322,830
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$2,295,917$2,281,928▼ $13,989
Prepaid Expenses and Deferred Charges$4,082$5,343▲ $1,261
Cash and Non-Interest-Bearing Accounts$911$3,995▲ $3,084
Accounts Receivable$24,648$2,666▼ $21,982
Total Assets$2,404,105$2,372,352▼ $31,753
Other Assets Total$78,547$78,420▼ $127
Liabilities
Accounts Payable and Accrued Expenses$54,374$44,822▼ $9,552
Escrow Account Liability$11,363$10,777▼ $586
Deferred Revenue$6$449▲ $443
Total Liabilities$65,743$56,048▼ $9,695
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,338,362$2,316,304▼ $22,058
Total Net Assets Fund Balance$2,338,362$2,316,304▼ $22,058
Total Liabilities and Net Assets / Fund Balance$2,404,105$2,372,352▼ $31,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,271,387$1,219,768$3,491,155
Equipment$10,541$44,832$55,373
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judith ZimmermanBoard Member
Ralph MarottiBoard Member
Robert TobiasBoard Member
Sharon MarottiBoard Member
Paul RuchinskasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,929
Program Service Revenue
$147,693
Investment Income
$1,113
Other Revenue
$14,095
Change in Net Assets
$-22,058

Audited Revenue Reconciliation

Revenue per Audited Statements
$322,830
Total Revenue per Audited Statements
$322,830
Total Revenue per Form 990
$322,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$344,888
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$126,380--$126,380
Depreciation Depletion$75,790--$75,790
Fees for Services Other$6,290$42,851-$49,141
Fees for Services Management-$30,864-$30,864
Insurance$27,985--$27,985
Fees for Services Accounting-$16,500-$16,500
Office Expenses-$6,282-$6,282
Other Expenses-$3,512-$3,512
Fees for Services Legal-$2,859-$2,859
Total Functional Expenses$236,445$108,443$0$344,888

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$344,888
Total Expenses per Audited Statements$344,888
Total Expenses per Form 990$344,888
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
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 9

Ralph marotti 61 paddock way brewster, ma 02631

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
Phone
5088965510
Address
141 BREWSTER ROAD, BREWSTER, MA 02631

Signing Officer

Name
Paul Ruchinskas
Title
Treasurer
Phone
5087715400
Signed
2023-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Tobias
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 0 42,851 0 mgt co site mgr payroll tax 6,290 0 0 total 6,290 42,851 0

Financial Statement Notes

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

The project maintains accounts for security deposits received from tenants. The cash is restricted for reimbursement of the security deposits unless there is evidence of default by a tenant under the lease agreement.

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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/BuildingsGrp/DepreciationAmt01219768
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IRS990ScheduleD/EquipmentGrp/BookValueAmt010541
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044832
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT MAINTAINS ACCOUNTS FOR SECURITY DEPOSITS RECEIVED FROM TENANTS. THE CASH IS RESTRICTED FOR REIMBURSEMENT OF THE SECURITY DEPOSITS UNLESS THERE IS EVIDENCE OF DEFAULT BY A TENANT UNDER THE LEASE AGREEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTRACTED MANAGEMENT COMPANY FIRST REALTY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS APPROVAL REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RALPH MAROTTI 61 PADDOCK WAY BREWSTER, MA 02631
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TREASURER, PRESIDENT AND THE MANAGEMENT COMPANY REVIEW THE FINANCIAL STATEMENTS AND TAX RETURNS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL BOARD MEETING REVIEW OF POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MGT CO. SITE MGR PAYROLL COST 0 42,851 0 MGT CO SITE MGR PAYROLL TAX 6,290 0 0 TOTAL 6,290 42,851 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 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0236445
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt056048
IRS990/TotalLiabilitiesGrp/BOYAmt065743
IRS990/TotalLiabilitiesGrp/EOYAmt056048
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IRS990/TotalProgramServiceExpensesAmt0236445
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02372352
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0179 FAR FIELDS ROAD
IRS990/USAddress/CityNm0BREWSTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002631
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL RUCHINSKAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05087715400
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREDERICK COURT DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0FRED
ReturnHeader/Filer/EIN0043575600
ReturnHeader/Filer/PhoneNum05088965510
ReturnHeader/Filer/USAddress/AddressLine1Txt0141 BREWSTER ROAD
ReturnHeader/Filer/USAddress/CityNm0BREWSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002631
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH F MCGEE CPA
ReturnHeader/ReturnTs02023-11-14T08:24:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUCHINSKAS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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.$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