Civic Intelligence

Saugatucket Springs Inc.

990 • Fiscal year 2016 • EIN 04-3733576

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 24, 2016

861A Broad StreetProvidence, RI 02907

(401) 941-5900

Siviq Scores

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

Liabilities / Assets

95th percentile

1.21x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

15.48x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

28th percentile

$70,296

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

29th percentile

-2.5%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-9.2%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,882,852

Down $152,312 (-2.5%) from 2015

Net Assets

Down

-$1,216,020

Down $142,324 (-13%) from 2015

Liabilities

Down

$7,098,872

Down $9,988 (-0.1%) from 2015

Revenue

Down

$458,554

Down $46,452 (-9.2%) from 2015

Expenses

Down

$600,878

Down $19,641 (-3.2%) from 2015

Net Income

Down

-$142,324

Down $26,811 (-23%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $6,635,083Liabilities 2011: $7,121,913Net Assets 2011: -$486,8302011Assets 2012: $6,491,837Liabilities 2012: $7,108,760Net Assets 2012: -$616,9232012Assets 2013: $6,325,950Liabilities 2013: $7,104,893Net Assets 2013: -$778,9432013Assets 2014: $6,173,345Liabilities 2014: $7,131,528Net Assets 2014: -$958,1832014Assets 2015: $6,035,164Liabilities 2015: $7,108,860Net Assets 2015: -$1,073,6962015Assets 2016: $5,882,852Liabilities 2016: $7,098,872Net Assets 2016: -$1,216,0202016Assets 2017: $5,741,375Liabilities 2017: $7,101,701Net Assets 2017: -$1,360,3262017Assets 2018: $5,590,580Liabilities 2018: $7,112,418Net Assets 2018: -$1,521,8382018Assets 2019: $5,400,800Liabilities 2019: $7,114,238Net Assets 2019: -$1,713,4382019Assets 2020: $5,209,829Liabilities 2020: $7,098,221Net Assets 2020: -$1,888,3922020Assets 2021: $5,034,094Liabilities 2021: $7,102,355Net Assets 2021: -$2,068,2612021Assets 2023: $4,758,790Liabilities 2023: $7,248,439Net Assets 2023: -$2,489,6492023Assets 2024: $4,511,716Liabilities 2024: $7,167,571Net Assets 2024: -$2,655,8552024

Highlighted filing

2016

Assets$5,882,852
Liabilities$7,098,872
Net Assets-$1,216,020

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $584,7022011Revenue 2012: $462,368Expenses 2012: $592,461Net Income 2012: -$130,0932012Revenue 2013: $453,365Expenses 2013: $615,385Net Income 2013: -$162,0202013Revenue 2014: $470,399Expenses 2014: $649,639Net Income 2014: -$179,2402014Revenue 2015: $505,006Expenses 2015: $620,519Net Income 2015: -$115,5132015Revenue 2016: $458,554Expenses 2016: $600,878Net Income 2016: -$142,3242016Revenue 2017: $476,553Expenses 2017: $620,859Net Income 2017: -$144,3062017Revenue 2018: $474,842Expenses 2018: $636,354Net Income 2018: -$161,5122018Revenue 2019: $453,786Expenses 2019: $645,386Net Income 2019: -$191,6002019Revenue 2020: $465,677Expenses 2020: $640,631Net Income 2020: -$174,9542020Revenue 2021: $457,043Expenses 2021: $636,912Net Income 2021: -$179,8692021Revenue 2023: $496,562Expenses 2023: $689,158Net Income 2023: -$192,5962023Revenue 2024: $566,826Expenses 2024: $733,032Net Income 2024: -$166,2062024

Highlighted filing

2016

Revenue$458,554
Expenses$600,878
Net Income-$142,324
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 24, 2016
Return Version
2015v2.1
Gross Receipts
$458,554
Mission and Program Overview

Mission

To provide low income housing to the elderly and disabled in the hopkinton, ri area under section 202 of the national affordable housing act.

To provide affordable housing in hopkinton, rhode island for senior citizens and the disabled under section 202 of the national affordable housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,739,925$5,578,835▼ $161,090
Savings and Temporary Cash Investments$245,039$253,036▲ $7,997
Cash and Non-Interest-Bearing Accounts$24,785$27,000▲ $2,215
Prepaid Expenses and Deferred Charges$23,819$20,445▼ $3,374
Accounts Receivable$1,596$3,536▲ $1,940
Total Assets$6,035,164$5,882,852▼ $152,312
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,028,200$7,028,200→ $0
Accounts Payable and Accrued Expenses$60,230$50,324▼ $9,906
Other Liabilities$20,430$20,348▼ $82
Total Liabilities$7,108,860$7,098,872▼ $9,988
Net Assets / Fund Balance
Unrestricted Net Assets$-1,073,696$-1,216,020▼ $142,324
Total Net Assets Fund Balance$-1,073,696$-1,216,020▼ $142,324
Total Liabilities and Net Assets / Fund Balance$6,035,164$5,882,852▼ $152,312

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,198,835$1,528,565$6,727,400
Land$380,000-$380,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jennifer HawkinsEx-president$70,296$70,296

Board Members and Trustees

NameTitle
Julia BushChair
James ComerPresident
Ashley HahnDirector
Barbara ColtDirector
Gladys BetancurDirector
Irwin BeckerDirector
Sue BarkerDirector
Michelle MckenzieTreas and Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$245,190
Program Service Revenue
$212,969
Investment Income
$395
Other Revenue
$0
Change in Net Assets
$-142,324

Audited Revenue Reconciliation

Revenue per Audited Statements
$458,554
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$458,554
Total Revenue per Form 990
$458,554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$489,684
Salaries, Compensation, and Employee Benefits$111,194
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$207,746--$207,746
Depreciation Depletion$170,050--$170,050
Other Salaries and Wages$111,194--$111,194
Fees for Services Management$40,647--$40,647
Insurance$30,680--$30,680
Office Expenses$16,887--$16,887
Fees for Services Accounting$10,695--$10,695
Other Expenses$2,406--$2,406
Travel$1,385--$1,385
Fees for Services Legal$224--$224
Total Functional Expenses$600,878$0$0$600,878

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$600,878
Total Expenses per Audited Statements$600,878
Total Expenses per Form 990$600,878
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposit Liab$20,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 11

Form 990 is available for review by the governing board upon request.

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

The governing body adheres to the conflict of interest policy that is in place. This policy is reviewed periodically.

Form 990, Part VI, Section C, Line 19

The governing documents and form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Saugatucket Springs Inc
EIN
04-3733576
Phone
4019415900
Address
861A BROAD STREET, PROVIDENCE, RI 02907

Signing Officer

Name
James Comer
Title
President
Phone
4019412900
Signed
2016-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Comer
Formed
2002
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Damiano Burk & Nuttall Pc
Address
6 BLACKSTONE VALLEY PL STE 109, LINCOLN, RI 02865
Preparer
Kevin Burk
Phone
4013332880
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0212969
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0245838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0220092
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0209940
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0193710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01082549
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0453
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0458
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0436
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0327
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02069
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99910
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt02347623
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0458159
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0504553
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0469941
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0452929
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0462041
IRS990ScheduleA/Total509Grp/TotalAmt02347623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0458554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0505006
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0470399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0453365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0462368
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02349692
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05198835
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01528565
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06727400
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0600878
IRS990ScheduleD/LandGrp/BookValueAmt0380000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0380000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIAB
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0458554
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05578835
IRS990ScheduleD/TotalExpensesPerForm990Amt0600878
IRS990ScheduleD/TotalLiabilityAmt020348
IRS990ScheduleD/TotalRevenuePerForm990Amt0458554
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0458554
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0600878
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS AVAILABLE FOR REVIEW BY THE GOVERNING BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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/DisregardedEntityName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222487344
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0ACTIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0861A BROAD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002907
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt040647
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1113600
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt25106
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06035164
IRS990/TotalAssetsEOYAmt05882852
IRS990/TotalAssetsGrp/BOYAmt06035164
IRS990/TotalAssetsGrp/EOYAmt05882852
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0245190
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0600878
IRS990/TotalFunctionalExpensesGrp/TotalAmt0600878
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07108860
IRS990/TotalLiabilitiesEOYAmt07098872
IRS990/TotalLiabilitiesGrp/BOYAmt07108860
IRS990/TotalLiabilitiesGrp/EOYAmt07098872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1073696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1216020
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0600878
IRS990/TotalProgramServiceRevenueAmt0212969
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0395
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0212969
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0458554
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06035164

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$7.17$2.66$0.57$0.73$0.17
2023Detailed filing. Detailed filing data is available for this year.$4.76$7.25$2.49$0.50$0.69$0.19
2021Detailed filing. Detailed filing data is available for this year.$5.03$7.10$2.07$0.46$0.64$0.18
2020Detailed filing. Detailed filing data is available for this year.$5.21$7.10$1.89$0.47$0.64$0.17
2019Detailed filing. Detailed filing data is available for this year.$5.40$7.11$1.71$0.45$0.65$0.19
2018Detailed filing. Detailed filing data is available for this year.$5.59$7.11$1.52$0.47$0.64$0.16
2017Detailed filing. Detailed filing data is available for this year.$5.74$7.10$1.36$0.48$0.62$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.88$7.10$1.22$0.46$0.60$0.14
2015Detailed filing. Detailed filing data is available for this year.$6.04$7.11$1.07$0.51$0.62$0.12
2014Detailed filing. Detailed filing data is available for this year.$6.17$7.13$0.96$0.47$0.65$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.33$7.10$0.78$0.45$0.62$0.16
2012Summary only. Only limited summary data is available for this year.$6.49$7.11$0.62$0.46$0.59$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$7.12$0.49$0.58