Civic Intelligence

Trinity Restoration Inc.

990 • Fiscal year 2019 • EIN 05-0502019

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 03, 2020

393 Broad StreetProvidence, RI 02907

(401) 228-3630

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

1.35x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

61st percentile

8.7%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$28,250

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

40th percentile

-2.1%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

0.5%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$330,846

Down $7,179 (-2.1%) from 2018

Net Assets

Up

-$29,713

Up $23,134 (+44%) from 2018

Liabilities

Down

$360,559

Down $30,313 (-7.8%) from 2018

Revenue

Up

$266,437

Up $1,278 (+0.5%) from 2018

Expenses

Down

$243,303

Down $4,123 (-1.7%) from 2018

Net Income

Up

$23,134

Up $5,401 (+30%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $305,035Liabilities 2010: $319,054Net Assets 2010: -$14,0192010Assets 2011: $270,062Liabilities 2011: $325,271Net Assets 2011: -$55,2092011Assets 2012: $241,504Liabilities 2012: $238,494Net Assets 2012: $3,0102012Assets 2013: $225,523Liabilities 2013: $233,556Net Assets 2013: -$8,0332013Assets 2014: $240,319Liabilities 2014: $227,950Net Assets 2014: $12,3692014Assets 2015: $242,230Liabilities 2015: $255,546Net Assets 2015: -$13,3162015Assets 2016: $221,960Liabilities 2016: $272,239Net Assets 2016: -$50,2792016Assets 2017: $206,127Liabilities 2017: $276,707Net Assets 2017: -$70,5802017Assets 2018: $338,025Liabilities 2018: $390,872Net Assets 2018: -$52,8472018Assets 2019: $330,846Liabilities 2019: $360,559Net Assets 2019: -$29,7132019Assets 2020: $601,612Liabilities 2020: $463,301Net Assets 2020: $138,3112020Assets 2021: $713,825Liabilities 2021: $461,793Net Assets 2021: $252,0322021Assets 2022: $936,634Liabilities 2022: $648,022Net Assets 2022: $288,6122022Assets 2023: $1,285,040Liabilities 2023: $168,604Net Assets 2023: $1,116,4362023Assets 2024: $1,261,052Liabilities 2024: $186,545Net Assets 2024: $1,074,5072024

Highlighted filing

2019

Assets$330,846
Liabilities$360,559
Net Assets-$29,713

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $365,766Expenses 2010: $253,398Net Income 2010: $112,3682010Revenue 2011: $96,152Expenses 2011: $137,342Net Income 2011: -$41,1902011Expenses 2012: $121,3862012Revenue 2013: $106,791Expenses 2013: $117,834Net Income 2013: -$11,0432013Revenue 2014: $141,149Expenses 2014: $120,747Net Income 2014: $20,4022014Revenue 2015: $162,232Expenses 2015: $187,917Net Income 2015: -$25,6852015Revenue 2016: $123,357Expenses 2016: $160,320Net Income 2016: -$36,9632016Revenue 2017: $178,465Expenses 2017: $198,766Net Income 2017: -$20,3012017Revenue 2018: $265,159Expenses 2018: $247,426Net Income 2018: $17,7332018Revenue 2019: $266,437Expenses 2019: $243,303Net Income 2019: $23,1342019Revenue 2020: $422,952Expenses 2020: $254,928Net Income 2020: $168,0242020Revenue 2021: $332,590Expenses 2021: $218,868Net Income 2021: $113,7222021Revenue 2022: $284,992Expenses 2022: $248,412Net Income 2022: $36,5802022Revenue 2023: $791,239Expenses 2023: $273,944Net Income 2023: $517,2952023Revenue 2024: $218,086Expenses 2024: $260,015Net Income 2024: -$41,9292024

Highlighted filing

2019

Revenue$266,437
Expenses$243,303
Net Income$23,134
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 3, 2020
Return Version
2019v5.1
Gross Receipts
$266,437
Mission and Program Overview

Mission

Community development using arts, arts education, cultural performances and historic preservation as our vehicles

Community development and restoration

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$239,345$248,388▲ $9,043
Cash and Non-Interest-Bearing Accounts$3,654$58,287▲ $54,633
Accounts Receivable$94,053$22,780▼ $71,273
Prepaid Expenses and Deferred Charges$973$1,391▲ $418
Total Assets$338,025$330,846▼ $7,179
Liabilities
Unsecured Notes Loans Payable$176,450$242,472▲ $66,022
Accounts Payable and Accrued Expenses$211,412$117,787▼ $93,625
Deferred Revenue$3,010$300▼ $2,710
Total Liabilities$390,872$360,559▼ $30,313
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-52,847$-29,713▲ $23,134
Total Net Assets Fund Balance$-52,847$-29,713▲ $23,134
Total Liabilities and Net Assets / Fund Balance$338,025$330,846▼ $7,179

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,822$1,128-
Leasehold Improvements$245,566$192,854-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard OdiganExecutive directorFT$28,250$28,250

Board Members and Trustees

NameTitle
Karen Allen BaxterPresident
Ron Crosson II1st Vice President
Advertus KarpehBoard member
Fabiola BrunacheBoard member
Idania AbreuBoard member
Joe Wilson JrBoard member
Laura GabigerBoard member
Marta V MartinezBoard member
Peter BortolottiBoard member
Portia FreemanBoard member
Richard SnyderBoard member
Valerie TutsonBoard member
Anne TaitSecretary
Carla DestefanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$173,997
Program Service Revenue
$92,440
Investment Income
$0
Other Revenue
$0
All Other Contributions
$92,289
Change in Net Assets
$23,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,959
Salaries, Compensation, and Employee Benefits$89,344
Total Fundraising Expense$3,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$47,952$10,526-$58,478
Comp Disqual Persons$33,349$12,420-$45,769
Current Officers, Directors, Trustees, and Key Employees$20,150$5,400$2,700$28,250
Depreciation Depletion$18,733$3,752-$22,485
Fees for Services Other$16,250--$16,250
Office Expenses$7,189$1,680$467$9,336
Other Employee Benefits$7,900--$7,900
Payroll Taxes$5,373$1,782$270$7,425
Interest$5,561--$5,561
Insurance-$2,332-$2,332
Fees for Services Accounting-$2,009-$2,009
Other Expenses$35,570$1,236-$1,236
Travel$702--$702
Total Functional Expenses$198,729$41,137$3,437$243,303
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
Governance and Compliance

Governance Checklist

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

Executive director and financial manager review the CPA prepared 990 and once they approve- the board reviews it and approves it for filing at a board meeing.

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

Annual conflict of interest policy board compliance statments are reviewed by the Bd officers

Form 990, Part VI, Section B, line 15A

The Bd of directors reviews the compensation of the executive director and approves any changes in compensation. The Bd does not think it necessary, in such a small organization, to have an independent person involved but most bd members are aware of compensation levels at many other similairily sized NPOs because of their personal involvement with other organizations.

Form 990, Part VI, Section C, line 18

Our 990 or 990EZ is availble upon request and can be reviewed at our office. There is a modest charge if copies are requested.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy and Form 990 or 990EZ are available upon request at our office. There is a modest charge if copies are requested.

Filing and Contact Details

Filer

Filer Name
Trinity Restoration Inc
EIN
05-0502019
Phone
4012283630
Address
393 Broad Street, Providence, RI 02907
Doing Business As
Southside Cultural Center of RI

Signing Officer

Name
Richardson Ogidan
Title
Executive Director
Phone
4012283630
Signed
2020-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richardson Ogidan
Formed
1998
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co PC
Address
1604 Broad Street, Cranston, RI 02905
Preparer
Michael Aaronson
Phone
4012230205
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01782
IRS990/PayrollTaxesGrp/ProgramServicesAmt05373
IRS990/PayrollTaxesGrp/TotalAmt07425
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01391
IRS990/PrincipalOfficerNm0Richardson Ogidan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Facility use & rental
IRS990/ProgramServiceRevenueGrp/Desc1Facility management fe
IRS990/ProgramServiceRevenueGrp/Desc2Program income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052867
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt052867
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215573
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0180018
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0134248
IRS990/PYOtherRevenueAmt0902
IRS990/PYProgramServiceRevenueAmt084239
IRS990/PYRevenuesLessExpensesAmt017733
IRS990/PYSalariesCompEmpBnftPaidAmt0113178
IRS990/PYTotalExpensesAmt0247426
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0265159
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt023134
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt092440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0173997
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0180018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt092228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt044365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0490608
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0436771
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88470
IRS990ScheduleA/PublicSupportPY170Pct00.79990
IRS990ScheduleA/PublicSupportTotal170Amt0434044
IRS990ScheduleA/SubstantialContributorsTotAmt056564
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0173997
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0180018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt092228
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt044365
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0490608
IRS990ScheduleA/TotalSupportAmt0490608
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02822
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01128
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03950
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0245566
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0192854
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0438420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0248388
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive director and financial manager review the CPA prepared 990 and once they approve- the board reviews it and approves it for filing at a board meeing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual conflict of interest policy board compliance statments are reviewed by the Bd officers
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Bd of directors reviews the compensation of the executive director and approves any changes in compensation. The Bd does not think it necessary, in such a small organization, to have an independent person involved but most bd members are aware of compensation levels at many other similairily sized NPOs because of their personal involvement with other organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Our 990 or 990EZ is availble upon request and can be reviewed at our office. There is a modest charge if copies are requested.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, conflict of interest policy and Form 990 or 990EZ are available upon request at our office. There is a modest charge if copies are requested.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0338025
IRS990/TotalAssetsEOYAmt0330846
IRS990/TotalAssetsGrp/BOYAmt0338025
IRS990/TotalAssetsGrp/EOYAmt0330846
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0173997
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03437
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041137
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0198729
IRS990/TotalFunctionalExpensesGrp/TotalAmt0243303
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0390872
IRS990/TotalLiabilitiesEOYAmt0360559
IRS990/TotalLiabilitiesGrp/BOYAmt0390872
IRS990/TotalLiabilitiesGrp/EOYAmt0360559
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-52847
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-29713
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0198729
IRS990/TotalProgramServiceRevenueAmt092440
IRS990/TotalReportableCompFromOrgAmt028250
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt092440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0266437
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0338025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0330846
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0702
IRS990/TravelGrp/TotalAmt0702
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0176450
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0242472
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0393 Broad Street
IRS990/USAddress/CityNm0Providence
IRS990/USAddress/StateAbbreviationCd0RI

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.19$1.07$0.22$0.26$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.17$1.12$0.79$0.27$0.52
2022Detailed filing. Detailed filing data is available for this year.$0.94$0.65$0.29$0.28$0.25$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.46$0.25$0.33$0.22$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.46$0.14$0.42$0.25$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.36$0.03$0.27$0.24$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.39$0.05$0.27$0.25$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.28$0.07$0.18$0.20$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.27$0.05$0.12$0.16$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.26$0.01$0.16$0.19$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.23$0.01$0.14$0.12$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.23$0.23$0.01$0.11$0.12$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.24$0.00$0.12
2011Summary only. Only limited summary data is available for this year.$0.27$0.33$0.06$0.10$0.14$0.04
2010Summary only. Only limited summary data is available for this year.$0.31$0.32$0.01$0.37$0.25$0.11