Civic Intelligence

Ocean State Business Development Authority Inc

990 • Fiscal year 2015 • EIN 05-0389516

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 09, 2016

Organization ProfileWWW.OSBDA.COM
155 South Main Street Suite 403Providence, RI 02903

(401) 454-4560

Siviq Scores

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

Liabilities / Assets

91st percentile

0.82x

Higher debt load relative to assets than 91% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.07x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Net Margin

21st percentile

-9.2%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$170,072

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Asset Growth

2nd percentile

-54%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$46,814

Down $54,580 (-54%) from 2014

Net Assets

Down

$8,627

Down $53,252 (-86%) from 2014

Liabilities

Down

$38,187

Down $1,328 (-3.4%) from 2014

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin21st percentile

Revenue

Down

$576,948

Down $67,666 (-10%) from 2014

Expenses

Down

$630,200

Down $100,105 (-14%) from 2014

Net Income

Up

-$53,252

Up $32,439 (+38%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$800K$600K$400K$200K$0Assets 2011: $155,296Liabilities 2011: $81,366Net Assets 2011: $73,9302011Assets 2012: $231,089Liabilities 2012: $78,963Net Assets 2012: $152,1262012Assets 2013: $201,585Liabilities 2013: $54,015Net Assets 2013: $147,5702013Assets 2014: $101,394Liabilities 2014: $39,515Net Assets 2014: $61,8792014Assets 2015: $46,814Liabilities 2015: $38,187Net Assets 2015: $8,6272015Assets 2016: $204,526Liabilities 2016: $107,488Net Assets 2016: $97,0382016Assets 2017: $334,142Liabilities 2017: $332,306Net Assets 2017: $1,8362017Assets 2018: $385,586Liabilities 2018: $335,327Net Assets 2018: $50,2592018Assets 2019: $375,656Liabilities 2019: $258,761Net Assets 2019: $116,8952019Assets 2020: $376,360Liabilities 2020: $218,478Net Assets 2020: $157,8822020Assets 2021: $504,852Liabilities 2021: $259,426Net Assets 2021: $245,4262021Assets 2022: $521,138Liabilities 2022: $174,352Net Assets 2022: $346,7862022Assets 2023: $614,935Liabilities 2023: $244,820Net Assets 2023: $370,1152023Assets 2024: $724,236Liabilities 2024: $379,410Net Assets 2024: $344,8262024Assets 2025: $616,957Liabilities 2025: $276,330Net Assets 2025: $340,6272025

Highlighted filing

2015

Assets$46,814
Liabilities$38,187
Net Assets$8,627
Open 2015 Filing

Operations Trend

Revenue Growth24th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $629,099Expenses 2011: $672,384Net Income 2011: -$43,2852011Expenses 2012: $632,0122012Revenue 2013: $665,089Expenses 2013: $669,645Net Income 2013: -$4,5562013Revenue 2014: $644,614Expenses 2014: $730,305Net Income 2014: -$85,6912014Revenue 2015: $576,948Expenses 2015: $630,200Net Income 2015: -$53,2522015Revenue 2016: $754,272Expenses 2016: $665,861Net Income 2016: $88,4112016Revenue 2017: $798,639Expenses 2017: $849,528Net Income 2017: -$50,8892017Revenue 2018: $889,580Expenses 2018: $841,157Net Income 2018: $48,4232018Revenue 2019: $939,776Expenses 2019: $873,140Net Income 2019: $66,6362019Revenue 2020: $982,598Expenses 2020: $941,612Net Income 2020: $40,9862020Revenue 2021: $1,104,933Expenses 2021: $993,024Net Income 2021: $111,9092021Revenue 2022: $1,243,867Expenses 2022: $1,141,950Net Income 2022: $101,9172022Revenue 2023: $1,348,315Expenses 2023: $1,324,986Net Income 2023: $23,3292023Revenue 2024: $1,429,567Expenses 2024: $1,414,431Net Income 2024: $15,1362024Revenue 2025: $1,480,658Expenses 2025: $1,484,857Net Income 2025: -$4,1992025

Highlighted filing

2015

Revenue$576,948
Expenses$630,200
Net Income-$53,252
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$576,948
Mission and Program Overview

Mission

To efficiently provide unique capital and services to small businesses located in ri, ma and ct; helping them acquire equipment and commercial real estate to grow their businesses.

Assist small businesses in obtaining financing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$88,646$35,276▼ $53,370
Land, Buildings, and Equipment, Net$4,527$7,435▲ $2,908
Cash and Non-Interest-Bearing Accounts$4,118$0▼ $4,118
Prepaid Expenses and Deferred Charges$4,103$4,103→ $0
Total Assets$101,394$46,814▼ $54,580
Liabilities
Accounts Payable and Accrued Expenses$13,000$21,289▲ $8,289
Other Liabilities$15,500$9,976▼ $5,524
Deferred Revenue$11,015$6,922▼ $4,093
Total Liabilities$39,515$38,187▼ $1,328
Net Assets / Fund Balance
Unrestricted Net Assets$61,879$8,627▼ $53,252
Total Net Assets Fund Balance$61,879$8,627▼ $53,252
Total Liabilities and Net Assets / Fund Balance$101,394$46,814▼ $54,580

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$20,726$20,726
Equipment$7,435$7,196$14,631
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Antonio F MouraDirectorFT$152,475$17,597$170,072
Henry a VioletPresidentFT$140,480$12,587$153,067
Anthony Capuano JrVice Chairman-$1,000-$1,000
Edward M MazzeChairman-$800-$800
Jeffrey P CascioneDirector-$800-$800
Raymond W FogartyDirector-$800-$800
Russell W HahnDirector-$800-$800
Charles C NewtonDirector-$600-$600
Joseph L SilvaDirector-$600-$600
Robert E NickersonDirector-$600-$600
Russell a GastonDirector-$600-$600

Board Members and Trustees

NameTitle
Douglas F HansonDirector
Jack CacchiottiDirector
Jr Neville SongweDirector
Larry SteingoldDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$576,948
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-53,252

Audited Revenue Reconciliation

Revenue per Audited Statements
$576,948
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$576,948
Total Revenue per Form 990
$576,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$455,609
Other Expenses$174,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$300,355--$300,355
Other Salaries and Wages$83,290--$83,290
Other Employee Benefits$47,613--$47,613
Occupancy-$37,364-$37,364
Payroll Taxes$24,351--$24,351
Fees for Services Other$17,350$5,673-$23,023
Travel$22,728--$22,728
Fees for Services Accounting$17,200--$17,200
Office Expenses$16,369--$16,369
Insurance-$10,623-$10,623
Other Expenses$15,645$5,754-$5,754
Depreciation Depletion-$2,311-$2,311
All Other Expenses-$1,755-$1,755
Fees for Services Legal$1,337--$1,337
Conferences and Meetings$867--$867
Total Functional Expenses$547,105$83,095$0$630,200

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$630,200
Total Expenses per Audited Statements$630,200
Total Expenses per Form 990$630,200
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$8,750
Cash Overdraft$1,226
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The corporation has one class of members. There shall be at least 25 individuals who are representative of the corporation's area of operations. The membership of the corporation include representatives of each of the following categories: (1) local and state government, (2) private lending institutions, (3) community organizations, and (4) business organizations.”

Form 990, Part VI, Section A, Line 7B

“Directors are elected by members at the annual meeting.”

Form 990, Part VI, Section B, Line 11

“The organization's treasurer performs a detail review of the return. The filing is approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ocean State Business Development Authority Inc
EIN
05-0389516
Phone
4014544560
Address
155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI 02903

Signing Officer

Name
Henry a Violet
Title
President
Phone
4014544630
Signed
2016-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry a Violet
Formed
1980
Legal Domicile
Ri
Voting Board Members
14
Independent Board Members
12
Employees
3
Volunteers
0

Preparer

Firm
Yksm Ltd
Address
27 DRYDEN LANE, PROVIDENCE, RI 02904
Preparer
Joseph L Orlando CPA
Phone
4012731800
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The process has not been changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for certain tax positions in accordance with topics of the fasb accounting standards codification. This guidance increases the relevancy and comparability of financial reporting by clarifying the way entities account for uncertainties in income taxes for tax positions taken or expected to be taken. The adoption of this guidance resulted in no change to net assets and no increase in accrued liabilities. The organization has evaluated its accounting and tax positions, including its properly approved and maintained non-profit status, and is of the opinion that more likely than not policies and positions it has adopted will remain unchanged. The organization files non-profit information returns in the u.s. Federal jurisdiction which has a statute of limitations of three years.”

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IRS990/MissionDesc0TO EFFICIENTLY PROVIDE UNIQUE CAPITAL AND SERVICES TO SMALL BUSINESSES LOCATED IN RHODE ISLAND, MASSACHUSETTS, AND CONNECTICUT; HELPING THEM ACQUIRE EQUIPMENT AND COMMERCIAL REAL ESTATE TO GROW THEIR BUSINESSES. ALSO TO PROVIDE ADVISORY, TRAINING AND OTHER NEEDED RESOURCES TO SMALL BUSINESSES WHILE FOSTERING A POSITIVE WORK ENVIRONMENT THAT PROVIDES EMPLOYEES A PLACE TO GROW, LEARN, AND DEVELOP THEMSELVES PROFESSIONALLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt061879
IRS990/NetAssetsOrFundBalancesEOYAmt08627
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt037364
IRS990/OccupancyGrp/TotalAmt037364
IRS990/OfficeExpensesGrp/ProgramServicesAmt016369
IRS990/OfficeExpensesGrp/TotalAmt016369
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047613
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047613
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCIPTIONS
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3COMPUTER AND SERVICE FE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010014
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19601
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25754
IRS990/OtherExpensesGrp/ProgramServicesAmt015645
IRS990/OtherExpensesGrp/TotalAmt015645
IRS990/OtherExpensesGrp/TotalAmt110014
IRS990/OtherExpensesGrp/TotalAmt29601
IRS990/OtherExpensesGrp/TotalAmt35754
IRS990/OtherLiabilitiesGrp/BOYAmt015500
IRS990/OtherLiabilitiesGrp/EOYAmt09976
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083290
IRS990/OtherSalariesAndWagesGrp/TotalAmt083290
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt024351
IRS990/PayrollTaxesGrp/TotalAmt024351
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04103
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04103
IRS990/PrincipalOfficerNm0HENRY A VIOLET
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2ESCROW FLOAT INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0474356
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt178140
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0474356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt178140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221574
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0181422
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0644614
IRS990/PYRevenuesLessExpensesAmt0-85691
IRS990/PYSalariesCompEmpBnftPaidAmt0548883
IRS990/PYTotalExpensesAmt0730305
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0644614
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-53252
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0576948
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07435
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07196
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014631
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0630200
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020726
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020726
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CASH OVERDRAFT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0576948
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR CERTAIN TAX POSITIONS IN ACCORDANCE WITH TOPICS OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THIS GUIDANCE INCREASES THE RELEVANCY AND COMPARABILITY OF FINANCIAL REPORTING BY CLARIFYING THE WAY ENTITIES ACCOUNT FOR UNCERTAINTIES IN INCOME TAXES FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE ADOPTION OF THIS GUIDANCE RESULTED IN NO CHANGE TO NET ASSETS AND NO INCREASE IN ACCRUED LIABILITIES. THE ORGANIZATION HAS EVALUATED ITS ACCOUNTING AND TAX POSITIONS, INCLUDING ITS PROPERLY APPROVED AND MAINTAINED NON-PROFIT STATUS, AND IS OF THE OPINION THAT MORE LIKELY THAN NOT POLICIES AND POSITIONS IT HAS ADOPTED WILL REMAIN UNCHANGED. THE ORGANIZATION FILES NON-PROFIT INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION WHICH HAS A STATUTE OF LIMITATIONS OF THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07435
IRS990ScheduleD/TotalExpensesPerForm990Amt0630200
IRS990ScheduleD/TotalLiabilityAmt09976
IRS990ScheduleD/TotalRevenuePerForm990Amt0576948
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0576948
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0630200
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1152475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012587
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt117597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HENRY A VIOLET
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANTONIO F MOURA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0153067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1170072
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REIMBURSEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0HENRY A VIOLET
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS ONE CLASS OF MEMBERS. THERE SHALL BE AT LEAST 25 INDIVIDUALS WHO ARE REPRESENTATIVE OF THE CORPORATION'S AREA OF OPERATIONS. THE MEMBERSHIP OF THE CORPORATION INCLUDE REPRESENTATIVES OF EACH OF THE FOLLOWING CATEGORIES: (1) LOCAL AND STATE GOVERNMENT, (2) PRIVATE LENDING INSTITUTIONS, (3) COMMUNITY ORGANIZATIONS, AND (4) BUSINESS ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S TREASURER PERFORMS A DETAIL REVIEW OF THE RETURN. THE FILING IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0101394
IRS990/TotalAssetsEOYAmt046814
IRS990/TotalAssetsGrp/BOYAmt0101394
IRS990/TotalAssetsGrp/EOYAmt046814

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,814
Liabilities
$38,187
Net assets
$8,627
Revenue
$576,948
Expenses
$630,200
Net income
-$53,252
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.62$0.28$0.34$1.48$1.48$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.72$0.38$0.34$1.43$1.41$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.24$0.37$1.35$1.32$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.35$1.24$1.14$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.26$0.25$1.10$0.99$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.22$0.16$0.98$0.94$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.26$0.12$0.94$0.87$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.34$0.05$0.89$0.84$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.33$0.00$0.80$0.85$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.11$0.10$0.75$0.67$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.04$0.01$0.58$0.63$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.04$0.06$0.64$0.73$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.05$0.15$0.67$0.67$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.08$0.15$0.63
2011Summary only. Only limited summary data is available for this year.$0.16$0.08$0.07$0.63$0.67$0.04