Civic Intelligence

Plaza Esperanza Inc.

990 • Fiscal year 2017 • EIN 05-0495603

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 05, 2017

861A Broad StProvidence, RI 02907

(401) 941-2900

Siviq Scores

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

Liabilities / Assets

97th percentile

1.55x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

11.21x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

11th percentile

-27%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$64,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

25th percentile

-3.3%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.2%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,175,123

Down $109,127 (-3.3%) from 2016

Net Assets

Down

-$1,761,620

Down $120,849 (-7.4%) from 2016

Liabilities

Up

$4,936,743

Up $11,722 (+0.2%) from 2016

Revenue

Up

$440,313

Up $9,597 (+2.2%) from 2016

Expenses

Down

$561,163

Down $6,421 (-1.1%) from 2016

Net Income

Up

-$120,850

Up $16,018 (+12%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $3,843,064Liabilities 2011: $4,924,559Net Assets 2011: -$1,081,4952011Assets 2012: $3,737,883Liabilities 2012: $4,915,946Net Assets 2012: -$1,178,0632012Assets 2013: $3,629,670Liabilities 2013: $4,914,900Net Assets 2013: -$1,285,2302013Assets 2014: $3,530,559Liabilities 2014: $4,916,684Net Assets 2014: -$1,386,1252014Assets 2015: $3,423,028Liabilities 2015: $4,926,931Net Assets 2015: -$1,503,9032015Assets 2016: $3,284,250Liabilities 2016: $4,925,021Net Assets 2016: -$1,640,7712016Assets 2017: $3,175,123Liabilities 2017: $4,936,743Net Assets 2017: -$1,761,6202017Assets 2018: $3,047,702Liabilities 2018: $4,937,257Net Assets 2018: -$1,889,5552018Assets 2019: $2,903,780Liabilities 2019: $4,918,910Net Assets 2019: -$2,015,1302019Assets 2020: $2,808,299Liabilities 2020: $4,925,325Net Assets 2020: -$2,117,0262020Assets 2021: $2,672,085Liabilities 2021: $4,918,223Net Assets 2021: -$2,246,1382021Assets 2022: $2,563,067Liabilities 2022: $4,965,115Net Assets 2022: -$2,402,0482022Assets 2023: $2,454,457Liabilities 2023: $5,019,775Net Assets 2023: -$2,565,3182023Assets 2024: $2,311,541Liabilities 2024: $5,094,502Net Assets 2024: -$2,782,9612024

Highlighted filing

2017

Assets$3,175,123
Liabilities$4,936,743
Net Assets-$1,761,620

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $529,1912011Expenses 2012: $528,8572012Revenue 2013: $434,381Expenses 2013: $541,548Net Income 2013: -$107,1672013Revenue 2014: $433,756Expenses 2014: $534,651Net Income 2014: -$100,8952014Revenue 2015: $441,405Expenses 2015: $559,183Net Income 2015: -$117,7782015Revenue 2016: $430,716Expenses 2016: $567,584Net Income 2016: -$136,8682016Revenue 2017: $440,313Expenses 2017: $561,163Net Income 2017: -$120,8502017Revenue 2018: $433,291Expenses 2018: $561,226Net Income 2018: -$127,9352018Revenue 2019: $442,643Expenses 2019: $568,218Net Income 2019: -$125,5752019Revenue 2020: $436,415Expenses 2020: $538,311Net Income 2020: -$101,8962020Revenue 2021: $430,830Expenses 2021: $559,942Net Income 2021: -$129,1122021Revenue 2022: $441,254Expenses 2022: $597,164Net Income 2022: -$155,9102022Revenue 2023: $429,257Expenses 2023: $592,527Net Income 2023: -$163,2702023Revenue 2024: $417,187Expenses 2024: $634,832Net Income 2024: -$217,6452024

Highlighted filing

2017

Revenue$440,313
Expenses$561,163
Net Income-$120,850
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 5, 2017
Return Version
2016v3.0
Gross Receipts
$440,313
Mission and Program Overview

Mission

To provide affordable housing in west warwick, 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$3,037,228$2,915,671▼ $121,557
Savings and Temporary Cash Investments$223,848$240,532▲ $16,684
Prepaid Expenses and Deferred Charges$21,603$18,730▼ $2,873
Accounts Receivable$1,571$190▼ $1,381
Total Assets$3,284,250$3,175,123▼ $109,127
Liabilities
Unsecured Notes Loans Payable$4,839,651$4,839,651→ $0
Accounts Payable and Accrued Expenses$63,822$74,575▲ $10,753
Other Liabilities$21,538$22,517▲ $979
Deferred Revenue$9--
Total Liabilities$4,925,020$4,936,743▲ $11,723
Net Assets / Fund Balance
Unrestricted Net Assets$-1,640,770$-1,761,620▼ $120,850
Total Net Assets Fund Balance$-1,640,770$-1,761,620▼ $120,850
Total Liabilities and Net Assets / Fund Balance$3,284,250$3,175,123▼ $109,127

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,713,141$2,144,320$4,857,461
Land$202,530-$202,530
Compensation and Service Providers

Employees

NameTitleOtherTotal
James ComerPresident$64,000$64,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$213,669
Program Service Revenue
$220,893
Investment Income
$409
Other Revenue
$5,342
Change in Net Assets
$-120,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$440,313
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$440,313
Total Revenue per Form 990
$440,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$431,256
Salaries, Compensation, and Employee Benefits$129,907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$180,062--$180,062
Depreciation Depletion$132,175--$132,175
Other Salaries and Wages$129,907--$129,907
Fees for Services Management$48,015--$48,015
Insurance$28,191--$28,191
Office Expenses$14,819--$14,819
Other Expenses$13,279--$13,279
Fees for Services Accounting$11,358--$11,358
Travel$3,197--$3,197
Fees for Services Legal$160--$160
Total Functional Expenses$561,163$0$0$561,163

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$561,163
Total Expenses per Audited Statements$561,163
Total Expenses per Form 990$561,163
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$22,517
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 11B

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
Plaza Esperanza Inc
EIN
05-0495603
Phone
4019412900
Address
861A BROAD ST, PROVIDENCE, RI 02907

Signing Officer

Name
James Comer
Title
President
Phone
4019412900
Signed
2017-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Comer
Formed
1998
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
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

NONE

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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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES COMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04019412900
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PLAZA ESPERANZA INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.31$5.09$2.78$0.42$0.63$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.45$5.02$2.57$0.43$0.59$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.56$4.97$2.40$0.44$0.60$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.67$4.92$2.25$0.43$0.56$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.81$4.93$2.12$0.44$0.54$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.90$4.92$2.02$0.44$0.57$0.13
2018Detailed filing. Detailed filing data is available for this year.$3.05$4.94$1.89$0.43$0.56$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.18$4.94$1.76$0.44$0.56$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.28$4.93$1.64$0.43$0.57$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.42$4.93$1.50$0.44$0.56$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.53$4.92$1.39$0.43$0.53$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$4.91$1.29$0.43$0.54$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$4.92$1.18$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$4.92$1.08$0.53