Civic Intelligence

Cape Cod Apartments Inc.

990 • Fiscal year 2014 • EIN 04-6139234

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 14, 2015

62 Locust StreetFalmouth, MA 02543

(508) 540-0405

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.54x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

48th percentile

1.6%

Faster asset growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

45th percentile

2.1%

Faster revenue growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,326,866

Up $36,113 (+1.6%) from 2013

Net Assets

Up

$2,043,951

Up $83,449 (+4.3%) from 2013

Liabilities

Down

$282,915

Down $47,336 (-14%) from 2013

Revenue

Up

$526,752

Up $10,783 (+2.1%) from 2013

Expenses

Up

$443,303

Up $10,975 (+2.5%) from 2013

Net Income

Down

$83,449

Down $192 (-0.2%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $2,085,453Liabilities 2010: $420,308Net Assets 2010: $1,665,1452010Assets 2011: $2,162,860Liabilities 2011: $389,859Net Assets 2011: $1,773,0012011Assets 2012: $2,238,464Liabilities 2012: $361,603Net Assets 2012: $1,876,8612012Assets 2013: $2,290,753Liabilities 2013: $330,251Net Assets 2013: $1,960,5022013Assets 2014: $2,326,866Liabilities 2014: $282,915Net Assets 2014: $2,043,9512014Assets 2015: $2,360,995Liabilities 2015: $259,476Net Assets 2015: $2,101,5192015Assets 2016: $2,388,340Liabilities 2016: $220,482Net Assets 2016: $2,167,8582016Assets 2017: $2,385,922Liabilities 2017: $186,756Net Assets 2017: $2,199,1662017Assets 2018: $2,395,144Liabilities 2018: $144,386Net Assets 2018: $2,250,7582018Assets 2019: $12,100,557Liabilities 2019: $9,657,024Net Assets 2019: $2,443,5332019Assets 2020: $12,113,897Liabilities 2020: $9,482,618Net Assets 2020: $2,631,2792020Assets 2021: $11,831,437Liabilities 2021: $9,065,820Net Assets 2021: $2,765,6172021Assets 2022: $11,883,585Liabilities 2022: $9,073,840Net Assets 2022: $2,809,7452022Assets 2023: $12,007,269Liabilities 2023: $8,836,248Net Assets 2023: $3,171,0212023Assets 2024: $12,311,503Liabilities 2024: $8,684,825Net Assets 2024: $3,626,6782024

Highlighted filing

2014

Assets$2,326,866
Liabilities$282,915
Net Assets$2,043,951

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $397,7972010Expenses 2011: $405,4012011Expenses 2012: $409,9262012Revenue 2013: $515,969Expenses 2013: $432,328Net Income 2013: $83,6412013Revenue 2014: $526,752Expenses 2014: $443,303Net Income 2014: $83,4492014Revenue 2015: $534,370Expenses 2015: $476,802Net Income 2015: $57,5682015Revenue 2016: $537,634Expenses 2016: $471,295Net Income 2016: $66,3392016Revenue 2017: $539,917Expenses 2017: $508,609Net Income 2017: $31,3082017Revenue 2018: $543,884Expenses 2018: $492,292Net Income 2018: $51,5922018Revenue 2019: $917,195Expenses 2019: $724,420Net Income 2019: $192,7752019Revenue 2020: $1,138,404Expenses 2020: $950,658Net Income 2020: $187,7462020Revenue 2021: $1,243,459Expenses 2021: $1,109,121Net Income 2021: $134,3382021Revenue 2022: $1,265,667Expenses 2022: $1,221,539Net Income 2022: $44,1282022Revenue 2023: $1,585,607Expenses 2023: $1,224,331Net Income 2023: $361,2762023Revenue 2024: $1,782,141Expenses 2024: $1,326,484Net Income 2024: $455,6572024

Highlighted filing

2014

Revenue$526,752
Expenses$443,303
Net Income$83,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 14, 2015
Return Version
2014v5.0
Gross Receipts
$526,752
Mission and Program Overview

Mission

The organization's mission is to provide middle-income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,583,582$1,682,201▲ $98,619
Savings and Temporary Cash Investments$402,490$382,024▼ $20,466
Cash and Non-Interest-Bearing Accounts$291,394$247,463▼ $43,931
Accounts Receivable$12,064$10,623▼ $1,441
Prepaid Expenses and Deferred Charges$1,223$4,555▲ $3,332
Total Assets$2,290,753$2,326,866▲ $36,113
Liabilities
Mortgage Notes Payable Secured by Investment Property$277,464$242,141▼ $35,323
Other Liabilities$28,993$30,422▲ $1,429
Accounts Payable and Accrued Expenses$20,142$10,321▼ $9,821
Deferred Revenue$3,652$31▼ $3,621
Total Liabilities$330,251$282,915▼ $47,336
Net Assets / Fund Balance
Unrestricted Net Assets$1,960,502$2,043,951▲ $83,449
Total Net Assets Fund Balance$1,960,502$2,043,951▲ $83,449
Total Liabilities and Net Assets / Fund Balance$2,290,753$2,326,866▲ $36,113

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,404,154$380,760$1,784,914
Equipment$77,273$202,652$279,925
Land$200,000-$200,000
Other Land Buildings$774$116,659$117,433
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$88,795
Program Service Revenue
$428,584
Investment Income
$2,351
Other Revenue
$7,022
Change in Net Assets
$83,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$526,752
Total Revenue per Audited Statements
$526,752
Total Revenue per Form 990
$526,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$285,490
Salaries, Compensation, and Employee Benefits$157,813
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,670$75,234-$118,904
Occupancy$59,654--$59,654
Insurance$36,726--$36,726
Depreciation Depletion$36,712--$36,712
Fees for Services Management-$32,201-$32,201
Other Employee Benefits$11,169$19,017-$30,186
Office Expenses-$15,663-$15,663
Fees for Services Accounting-$14,311-$14,311
Other Expenses$9,476--$9,476
Payroll Taxes$3,228$5,495-$8,723
Interest$7,753--$7,753
Fees for Services Legal-$4,747-$4,747
All Other Expenses$2,775--$2,775
Advertising-$123-$123
Total Functional Expenses$276,512$166,791$0$443,303

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$443,303
Total Expenses per Audited Statements$443,303
Total Expenses per Form 990$443,303
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 Deposits$30,422
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Organizations contracts s-c management to provide services for day to day operations.

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

A copy of form 990 is provided to all board members at the annual meeting for approval.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Cape Cod Apartments Inc
EIN
04-6139234
Phone
5085400405
Address
62 LOCUST STREET, FALMOUTH, MA 02543

Signing Officer

Name
Joanne Bayles
Title
Treasurer
Phone
5085400405
Signed
2015-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis Larrey President
Formed
1969
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
10
Employees
0

Preparer

Firm
Sanders Walsh & Eaton Llp
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Michael J Walsh CPA
Phone
5084280790
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14644
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0423940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14644
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082888
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01811
IRS990/PYOtherExpensesAmt0277538
IRS990/PYOtherRevenueAmt0100
IRS990/PYProgramServiceRevenueAmt0431170
IRS990/PYRevenuesLessExpensesAmt083641
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IRS990/PYTotalExpensesAmt0432328
IRS990/PYTotalRevenueAmt0515969
IRS990/ReconcilationRevenueExpnssAmt083449
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0402490
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0382024
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt088795
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt082888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt081630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt081262
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt080684
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0415259
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01811
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01542
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03807
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02655
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012166
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0428584
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0431170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0430614
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0428188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0423676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02142232
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt07022
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt07022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01811
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03807
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02655
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012166
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99530
IRS990ScheduleA/PublicSupportPY509Pct00.99420
IRS990ScheduleA/PublicSupportTotal509Amt02564513
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0524401
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0514058
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0512244
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0509450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0504360
IRS990ScheduleA/Total509Grp/TotalAmt02564513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0526752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0515869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0513786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0513257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0507015
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02576679
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01404154
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0380760
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01784914
IRS990ScheduleD/EquipmentGrp/BookValueAmt077273
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0202652
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0279925
IRS990ScheduleD/ExpensesSubtotalAmt0443303
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0774
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0116659
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0117433
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01682201
IRS990ScheduleD/TotalExpensesPerForm990Amt0443303
IRS990ScheduleD/TotalLiabilityAmt030422
IRS990ScheduleD/TotalRevenuePerForm990Amt0526752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0526752
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS CONTRACTS S-C MANAGEMENT TO PROVIDE SERVICES FOR DAY TO DAY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS AT THE ANNUAL MEETING FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02290753
IRS990/TotalAssetsEOYAmt02326866
IRS990/TotalAssetsGrp/BOYAmt02290753
IRS990/TotalAssetsGrp/EOYAmt02326866
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088795
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0166791
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276512
IRS990/TotalFunctionalExpensesGrp/TotalAmt0443303
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0330251
IRS990/TotalLiabilitiesEOYAmt0282915
IRS990/TotalLiabilitiesGrp/BOYAmt0330251
IRS990/TotalLiabilitiesGrp/EOYAmt0282915
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01960502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02043951
IRS990/TotalProgramServiceExpensesAmt0276512
IRS990/TotalProgramServiceRevenueAmt0428584
IRS990/TotalRevenueGrp/ExclusionAmt09373
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0428584
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0526752
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02290753
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02326866
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01960502
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02043951
IRS990/UponRequestInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.3$8.68$3.63$1.78$1.33$0.46
2023Detailed filing. Detailed filing data is available for this year.$12.0$8.84$3.17$1.59$1.22$0.36
2022Detailed filing. Detailed filing data is available for this year.$11.9$9.07$2.81$1.27$1.22$0.04
2021Detailed filing. Detailed filing data is available for this year.$11.8$9.07$2.77$1.24$1.11$0.13
2020Detailed filing. Detailed filing data is available for this year.$12.1$9.48$2.63$1.14$0.95$0.19
2019Detailed filing. Detailed filing data is available for this year.$12.1$9.66$2.44$0.92$0.72$0.19
2018Detailed filing. Detailed filing data is available for this year.$2.40$0.14$2.25$0.54$0.49$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.39$0.19$2.20$0.54$0.51$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.39$0.22$2.17$0.54$0.47$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.36$0.26$2.10$0.53$0.48$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.33$0.28$2.04$0.53$0.44$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.29$0.33$1.96$0.52$0.43$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.36$1.88$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.39$1.77$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.42$1.67$0.40