Civic Intelligence

Norwich Community Development Corporation Inc.

990 • Fiscal year 2018 • EIN 06-1066148

Jul 01, 2017 to Jun 30, 2018 • Filed on May 20, 2019

Organization ProfileWWW.ASKNCDC.COM
66 Franklin StreetNorwich, CT 06360

(860) 887-6964

Siviq Scores

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

Liabilities / Assets

78th percentile

0.55x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

6.82x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$131,758

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

12th percentile

-8.7%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-4.3%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$9,522,099

Down $908,212 (-8.7%) from 2017

Net Assets

Down

$4,276,498

Down $309,730 (-6.8%) from 2017

Liabilities

Down

$5,245,601

Down $598,482 (-10%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin7th percentile

Revenue

Down

$768,771

Down $34,710 (-4.3%) from 2017

Expenses

Down

$1,078,501

Down $58,217 (-5.1%) from 2017

Net Income

Up

-$309,730

Up $23,507 (+7.1%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$15M$10M$5.0M$0Assets 2011: $14,677,269Liabilities 2011: $9,148,520Net Assets 2011: $5,528,7492011Assets 2012: $14,277,368Liabilities 2012: $8,668,168Net Assets 2012: $5,609,2002012Assets 2013: $13,697,416Liabilities 2013: $8,156,361Net Assets 2013: $5,541,0552013Assets 2014: $13,093,531Liabilities 2014: $7,614,657Net Assets 2014: $5,478,8742014Assets 2015: $12,250,173Liabilities 2015: $7,057,402Net Assets 2015: $5,192,7712015Assets 2016: $11,652,661Liabilities 2016: $6,733,196Net Assets 2016: $4,919,4652016Assets 2017: $10,430,311Liabilities 2017: $5,844,083Net Assets 2017: $4,586,2282017Assets 2018: $9,522,099Liabilities 2018: $5,245,601Net Assets 2018: $4,276,4982018Assets 2019: $8,530,709Liabilities 2019: $4,521,943Net Assets 2019: $4,008,7662019Assets 2020: $11,556,251Liabilities 2020: $7,886,098Net Assets 2020: $3,670,1532020Assets 2021: $6,304,160Liabilities 2021: $2,962,239Net Assets 2021: $3,341,9212021Assets 2022: $5,168,285Liabilities 2022: $2,173,207Net Assets 2022: $2,995,0782022Assets 2023: $9,665,971Liabilities 2023: $5,946,226Net Assets 2023: $3,719,7452023Assets 2024: $10,110,394Liabilities 2024: $6,407,974Net Assets 2024: $3,702,4202024

Highlighted filing

2018

Assets$9,522,099
Liabilities$5,245,601
Net Assets$4,276,498
Open 2018 Filing

Operations Trend

Revenue Growth27th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $883,2682011Expenses 2012: $887,5052012Revenue 2013: $879,804Expenses 2013: $947,949Net Income 2013: -$68,1452013Revenue 2014: $865,869Expenses 2014: $940,479Net Income 2014: -$74,6102014Revenue 2015: $900,850Expenses 2015: $1,185,835Net Income 2015: -$284,9852015Revenue 2016: $917,073Expenses 2016: $1,181,458Net Income 2016: -$264,3852016Revenue 2017: $803,481Expenses 2017: $1,136,718Net Income 2017: -$333,2372017Revenue 2018: $768,771Expenses 2018: $1,078,501Net Income 2018: -$309,7302018Revenue 2019: $939,612Expenses 2019: $1,207,344Net Income 2019: -$267,7322019Revenue 2020: $911,046Expenses 2020: $1,249,659Net Income 2020: -$338,6132020Revenue 2021: $823,908Expenses 2021: $1,152,140Net Income 2021: -$328,2322021Revenue 2022: $928,313Expenses 2022: $1,275,156Net Income 2022: -$346,8432022Revenue 2023: $6,437,047Expenses 2023: $5,712,380Net Income 2023: $724,6672023Revenue 2024: $1,564,391Expenses 2024: $1,581,716Net Income 2024: -$17,3252024

Highlighted filing

2018

Revenue$768,771
Expenses$1,078,501
Net Income-$309,730
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 20, 2019
Return Version
2017v2.3
Gross Receipts
$768,771
Mission and Program Overview

Mission

To further the economic development of the Norwich community through growth and development of the Norwich Business Park, revitalization of the Downtown Norwich area, and preservation of the historic Norwich Harbor and waterfront, by recognizing existing industry and commerce, furthering their expansion, and encouraging and assisting in attracting new development for the community and the Norwich area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,873,549$8,897,415▼ $976,134
Land, Buildings, and Equipment, Net$251,326$312,751▲ $61,425
Savings and Temporary Cash Investments$60,292$155,394▲ $95,102
Cash and Non-Interest-Bearing Accounts$174,626$78,806▼ $95,820
Accounts Receivable$61,866$72,760▲ $10,894
Prepaid Expenses and Deferred Charges$6,733$4,973▼ $1,760
Intangible Assets$1,919$0▼ $1,919
Total Assets$10,430,311$9,522,099▼ $908,212
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,774,556$5,098,504▼ $676,052
Deferred Revenue-$100,000-
Accounts Payable and Accrued Expenses$69,527$47,097▼ $22,430
Total Liabilities$5,844,083$5,245,601▼ $598,482
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,132,222$3,800,000▼ $332,222
Unrestricted Net Assets$454,006$476,498▲ $22,492
Total Net Assets Fund Balance$4,586,228$4,276,498▼ $309,730
Total Liabilities and Net Assets / Fund Balance$10,430,311$9,522,099▼ $908,212

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$274,900$17,204$292,104
Equipment$34,316$84,889$119,205
Land$3,535-$3,535
Investment Program Related Org$8,897,415--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert MillsPresidentFT$131,758$131,758

Board Members and Trustees

NameTitle
Robert BuckleyChairman
John BildaVice Chairman
Deberey HincheyDirector
Dr Grace JonesDirector
Frank ManfrediDirector
John HarroldDirector
John SalomoneDirector
Kathy LacombeDirector
Michael RauhDirector
Rebecca AlbertsDirector
Stacie LambertDirector
Stacy GouldDirector
Stephen SmithDirector
Eileen WilliamsDirector - Thru Dec. 2017
Stephanie FieldingSecretary
Carl ReiserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$250,000
Program Service Revenue
$518,668
Investment Income
$103
Other Revenue
$0
Change in Net Assets
$-309,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$859,419
Salaries, Compensation, and Employee Benefits$219,082
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$300,727--$300,727
Current Officers, Directors, Trustees, and Key Employees$101,656$30,102-$131,758
Other Salaries and Wages$59,529$11,939-$71,468
Occupancy$42,168$13,100-$55,268
Fees for Services Other$26,436$11,395-$37,831
Depreciation Depletion$3,843$21,824-$25,667
Office Expenses$12,901$11,242-$24,143
Advertising$15,790$2,150-$17,940
Payroll Taxes$12,282$3,203-$15,485
Fees for Services Accounting$3,213$9,781-$12,994
Conferences and Meetings$7,663$3,346-$11,009
Fees for Services Legal-$9,619-$9,619
Information Technology$3,095$3,142-$6,237
Other Expenses$2,112$1,158-$3,270
All Other Expenses$839$1,448-$2,287
Pension Plan Contributions$371--$371
Travel-$67-$67
Total Functional Expenses$943,728$134,773$0$1,078,501
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
Yes
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
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

“A draft of the form 990 is electronically distributed to each member of the board of directors prior to filing the with the irs. The board of directors are given a checklist detailing the areas of most importance for them to review, make comments and suggestions for change. The form 990 is then voted on and approved for filing.”

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

“The conflict of interest policy requires annual completion of conflict of interest questionnaires. Each actual or potential conflict of interest that is disclosed is carefully examined and appropriate measures are put into place to maintain the balance between ensuring fair and honest deliberations and encouraging participation of qualified representatives in ncdc.”

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

“The president's compensation is set by using comparable information from similarly situated organizations. It is approved by the executive committee and the board of directors and documented in the board minutes.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Norwich Community Development
EIN
06-1066148
Phone
8608876964
Address
66 FRANKLIN STREET, NORWICH, CT 06360

Signing Officer

Name
Robert B Mills
Title
President
Phone
8608876964
Signed
2019-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert B Mills
Formed
1963
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
20

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
100 GREAT MEADOW ROAD, WETHERSFIELD, CT 06109
Preparer
Thomas O Marien CPA Mba Cva
Phone
8602571870
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The finance committee acts as the audit committee and assumes responsibility for oversight of the compilation of its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Norwich community development corporation recognizes the effect of income tax positions only if those positions are more likely than not of not to be sustained. Management believes that ncdc has no uncertain tax positions that would require financial statement recognition or disclosure. Ncdc is no longer subject to examination by the applicable tax jurisdictions for periods prior to june 30, 2015.”

Raw XML AppendixShowing 400 of 514 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR - THRU DEC. 2017
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0250000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0768771
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03142
IRS990/InformationTechnologyGrp/ProgramServicesAmt03095
IRS990/InformationTechnologyGrp/TotalAmt06237
IRS990/IntangibleAssetsGrp/BOYAmt01919
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0300727
IRS990/InterestGrp/TotalAmt0300727
IRS990/InvestmentIncomeGrp/ExclusionAmt0103
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09873549
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08897415
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0102093
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0251326
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0312751
IRS990/LandBldgEquipCostOrOtherBssAmt0414844
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FURTHER THE ECONOMIC DEVELOPMENT OF THE NORWICH COMMUNITY THROUGH GROWTH AND DEVELOPMENT OF THE NORWICH BUSINESS PARK, REVITALIZATION OF THE DOWNTOWN NORWICH AREA, AND PRESERVATION OF THE HISTORIC NORWICH HARBOR AND WATERFRONT, BY RECOGNIZING EXISTING INDUSTRY AND COMMERCE, FURTHERING THEIR EXPANSION, AND ENCOURAGING AND ASSISTING IN ATTRACTING NEW DEVELOPMENT FOR THE COMMUNITY AND THE NORWICH AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05774556
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05098504
IRS990/NetAssetsOrFundBalancesBOYAmt04586228
IRS990/NetAssetsOrFundBalancesEOYAmt04276498
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013100
IRS990/OccupancyGrp/ProgramServicesAmt042168
IRS990/OccupancyGrp/TotalAmt055268
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011242
IRS990/OfficeExpensesGrp/ProgramServicesAmt012901
IRS990/OfficeExpensesGrp/TotalAmt024143
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LEASE INCENTIVE MERCANT
IRS990/OtherExpensesGrp/Desc1CITY EVENTS
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01257
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11158
IRS990/OtherExpensesGrp/ProgramServicesAmt0300000
IRS990/OtherExpensesGrp/ProgramServicesAmt142772
IRS990/OtherExpensesGrp/ProgramServicesAmt28331
IRS990/OtherExpensesGrp/ProgramServicesAmt32112
IRS990/OtherExpensesGrp/TotalAmt0300000
IRS990/OtherExpensesGrp/TotalAmt144029
IRS990/OtherExpensesGrp/TotalAmt28331
IRS990/OtherExpensesGrp/TotalAmt33270
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011939
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt059529
IRS990/OtherSalariesAndWagesGrp/TotalAmt071468
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03203
IRS990/PayrollTaxesGrp/ProgramServicesAmt012282
IRS990/PayrollTaxesGrp/TotalAmt015485
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0371
IRS990/PensionPlanContributionsGrp/TotalAmt0371
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06733
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04973
IRS990/PrincipalOfficerNm0ROBERT B MILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0MERCENTILE EXCHANGE
IRS990/ProgramServiceRevenueGrp/Desc1GENERAL ECONOMIC DEVEL
IRS990/ProgramServiceRevenueGrp/Desc2DOWNTOWN AND BOND PROG
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0306645
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133666
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt278357
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0306645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt278357
IRS990/ProgSrvcAccomActy2Grp/Desc0DOWNTOWN AND BOND PROGRAM - OVERSEEING THE CITY OF NORWICH'S REVITALIZATION INITIATIVE FOR DOWNTOWN NORWICH. THE PROGRAM IS MADE UP OF THREE COMPONENTS: FUNDING FOR CODE UPGRADES, A REVOLVING LOAN FUND AND LEASE SUBSIDIES FOR QUALIFYING BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0364421
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt078357
IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL ECONOMIC DEVELOPMENT - THIS PROGRAM SUPPORTS THE MANY OTHER ECONOMIC DEVELOPMENT RESOURCES FOR THE CITY OF NORWICH AND EASTERN CONNECTICUT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0151798
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0133666
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0289009
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0172
IRS990/PYOtherExpensesAmt0920618
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0514300
IRS990/PYRevenuesLessExpensesAmt0-333237
IRS990/PYSalariesCompEmpBnftPaidAmt0216100
IRS990/PYTotalExpensesAmt01136718
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0803481
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-309730
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0306645
IRS990/SavingsAndTempCashInvstGrp/BOYAmt060292
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0155394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0289009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0336999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0335745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0385340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01597093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0128
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05627
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06315
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02643220
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015450
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015450
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98660
IRS990ScheduleA/PublicSupportPY170Pct00.98500
IRS990ScheduleA/PublicSupportTotal170Amt01597093
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0289009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0336999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0335745
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0385340
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01597093
IRS990ScheduleA/TotalSupportAmt01618858
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt034316
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084889
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119205
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08897415
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DIRECT FINANCING LEASE RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt03535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03535
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0274900
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017204
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0292104
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NORWICH COMMUNITY DEVELOPMENT CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF NOT TO BE SUSTAINED. MANAGEMENT BELIEVES THAT NCDC HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NCDC IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAX JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0312751
IRS990ScheduleD/TotalBookValueProgramRltdAmt08897415
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,522,099
Liabilities
$5,245,601
Net assets
$4,276,498
Revenue
$768,771
Expenses
$1,078,501
Net income
-$309,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$6.41$3.70$1.56$1.58$0.02
2023Detailed filing. Detailed filing data is available for this year.$9.67$5.95$3.72$6.44$5.71$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$2.17$3.00$0.93$1.28$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$2.96$3.34$0.82$1.15$0.33
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$7.89$3.67$0.91$1.25$0.34
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.53$4.52$4.01$0.94$1.21$0.27
2018Detailed filing. Detailed filing data is available for this year.$9.52$5.25$4.28$0.77$1.08$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$5.84$4.59$0.80$1.14$0.33
2016Detailed filing. Detailed filing data is available for this year.$11.7$6.73$4.92$0.92$1.18$0.26
2015Detailed filing. Detailed filing data is available for this year.$12.3$7.06$5.19$0.90$1.19$0.28
2014Detailed filing. Detailed filing data is available for this year.$13.1$7.61$5.48$0.87$0.94$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$8.16$5.54$0.88$0.95$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$8.67$5.61$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$9.15$5.53$0.88
Peer Organizations

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