Civic Intelligence

Norwich Community Development Corporation Inc.

990 • Fiscal year 2020 • EIN 06-1066148

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 16, 2021

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

81st percentile

0.68x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

8.66x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$131,758

Higher top officer pay than 34% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-3.0%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$11,556,251

Up $3,025,542 (+35%) from 2019

Net Assets

Down

$3,670,153

Down $338,613 (-8.4%) from 2019

Liabilities

Up

$7,886,098

Up $3,364,155 (+74%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin8th percentile

Revenue

Down

$911,046

Down $28,566 (-3.0%) from 2019

Expenses

Up

$1,249,659

Up $42,315 (+3.5%) from 2019

Net Income

Down

-$338,613

Down $70,881 (-26%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2020

Assets$11,556,251
Liabilities$7,886,098
Net Assets$3,670,153
Open 2020 Filing

Operations Trend

Revenue Growth37th 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

2020

Revenue$911,046
Expenses$1,249,659
Net Income-$338,613
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 16, 2021
Return Version
2019v5.2
Gross Receipts
$911,046
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$7,883,128$6,828,529▼ $1,054,599
Cash and Non-Interest-Bearing Accounts$69,390$4,245,305▲ $4,175,915
Land, Buildings, and Equipment, Net$313,997$303,501▼ $10,496
Savings and Temporary Cash Investments$198,292$117,269▼ $81,023
Accounts Receivable$55,530$55,978▲ $448
Prepaid Expenses and Deferred Charges$10,372$5,669▼ $4,703
Intangible Assets-$0-
Total Assets$8,530,709$11,556,251▲ $3,025,542
Liabilities
Other Liabilities$19,450$4,185,000▲ $4,165,550
Mortgage Notes Payable Secured by Investment Property$4,384,318$3,629,846▼ $754,472
Accounts Payable and Accrued Expenses$57,255$70,252▲ $12,997
Deferred Revenue$60,920$1,000▼ $59,920
Total Liabilities$4,521,943$7,886,098▲ $3,364,155
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,500,000$3,200,000▼ $300,000
Net Assets Without Donor Restrictions$508,766$470,153▼ $38,613
Total Net Assets Fund Balance$4,008,766$3,670,153▼ $338,613
Total Liabilities and Net Assets / Fund Balance$8,530,709$11,556,251▲ $3,025,542

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$253,691$38,413$292,104
Equipment$46,275$120,428$166,703
Land$3,535-$3,535
Investment Program Related Org$6,828,529--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert MillsPresident - FormerFT$131,758$131,758
Jason VincentPresidentFT$18,269$18,269

Board Members and Trustees

NameTitle
Robert BuckleyChairman
Rebecca AlbertsVice Chair
Chris LaroseDirector
Frank ManfrediDirector
Jason JonesDirector
John SalomoneDirector
Kathy LacombeDirector
Mark BettencourtDirector
Peter NystromDirector
Stacy GouldDirector
Swarnjit SinghDirector
Chris JewellSecretary
Robert StaleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$404,193
Program Service Revenue
$506,033
Investment Income
$820
Other Revenue
$0
All Other Contributions
$104,193
Change in Net Assets
$-338,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$906,679
Salaries, Compensation, and Employee Benefits$342,980
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$222,307--$222,307
Other Salaries and Wages$138,715$3,000-$141,715
Current Officers, Directors, Trustees, and Key Employees$99,578$33,193-$132,771
Fees for Services Management$62,786$54,770-$117,556
Occupancy$93,369$6,303-$99,672
Other Employee Benefits$41,427$6,067-$47,494
Advertising$5,990$18,337-$24,327
Depreciation Depletion-$24,191-$24,191
Payroll Taxes$18,231$2,769-$21,000
Office Expenses$9,663$10,562-$20,225
Insurance$1,562$14,335-$15,897
Fees for Services Accounting$5,436$9,963-$15,399
Conferences and Meetings$5,220$2,196-$7,416
Information Technology$2,308$1,661-$3,969
Other Expenses$1,927$1,402-$3,329
All Other Expenses$1,200$1,655-$2,855
Fees for Services Legal$1,595$880-$2,475
Travel$389$1,572-$1,961
Total Functional Expenses$1,054,690$194,969$0$1,249,659
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
Due to Ponemah Mills$4,185,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

“A draft of the form 990 is electronically distributed to each member of the board of directors prior to filing with the irs. The board of directors are given a checklist detailing the areas of most importantance 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 an 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
Kevin Brown
Title
President
Phone
8608876964
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Brown
Formed
1963
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
0

Preparer

Firm
Goldblatt Bokoff LLC
Address
457 WEST MAIN STREET, NORWICH, CT 06360
Preparer
Amber Moore
Phone
8608865108
Supplemental Narrative

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 to not 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, 2017.”

Raw XML AppendixShowing 400 of 522 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 CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT - FORMER
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0300000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0911046
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01661
IRS990/InformationTechnologyGrp/ProgramServicesAmt02308
IRS990/InformationTechnologyGrp/TotalAmt03969
IRS990/InsuranceGrp/ManagementAndGeneralAmt014335
IRS990/InsuranceGrp/ProgramServicesAmt01562
IRS990/InsuranceGrp/TotalAmt015897
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0222307
IRS990/InterestGrp/TotalAmt0222307
IRS990/InvestmentIncomeGrp/ExclusionAmt0820
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0820
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt07883128
IRS990/InvestmentsProgramRelatedGrp/EOYAmt06828529
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0158841
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0313997
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0303501
IRS990/LandBldgEquipCostOrOtherBssAmt0462342
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/BOYAmt04384318
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03629846
IRS990/NetAssetsOrFundBalancesBOYAmt04008766
IRS990/NetAssetsOrFundBalancesEOYAmt03670153
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0508766
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0470153
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06303
IRS990/OccupancyGrp/ProgramServicesAmt093369
IRS990/OccupancyGrp/TotalAmt099672
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010562
IRS990/OfficeExpensesGrp/ProgramServicesAmt09663
IRS990/OfficeExpensesGrp/TotalAmt020225
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06067
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041427
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047494
IRS990/OtherExpensesGrp/Desc0MERCANTILE EXCHANGE LEA
IRS990/OtherExpensesGrp/Desc1CITY EVENTS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXP
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02113
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11402
IRS990/OtherExpensesGrp/ProgramServicesAmt0300000
IRS990/OtherExpensesGrp/ProgramServicesAmt136104
IRS990/OtherExpensesGrp/ProgramServicesAmt26883
IRS990/OtherExpensesGrp/ProgramServicesAmt31927
IRS990/OtherExpensesGrp/TotalAmt0300000
IRS990/OtherExpensesGrp/TotalAmt138217
IRS990/OtherExpensesGrp/TotalAmt26883
IRS990/OtherExpensesGrp/TotalAmt33329
IRS990/OtherLiabilitiesGrp/BOYAmt019450
IRS990/OtherLiabilitiesGrp/EOYAmt04185000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0138715
IRS990/OtherSalariesAndWagesGrp/TotalAmt0141715
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02769
IRS990/PayrollTaxesGrp/ProgramServicesAmt018231
IRS990/PayrollTaxesGrp/TotalAmt021000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010372
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05669
IRS990/PrincipalOfficerNm0KEVIN BROWN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0MERCANTILE EXCHANGE
IRS990/ProgramServiceRevenueGrp/Desc1GENERAL ECONOMIC DEVEL
IRS990/ProgramServiceRevenueGrp/Desc2DOWNTOWN BOND PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230864
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1210532
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt264637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230864
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1210532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt264637
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: FUDNING FOR CODE UPGRADES, A REVOLVING LOAN FUND AND LEASE SUBSIDIES FOR QUALIFYING BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt062499
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt064637
IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL ECONOMIC DEVELOPMENT - THIS PROGRAM SUPPORTS THE MANY OTHER ECONOMIC DEVLOPMENT RESOURCES FOR THE CITY OF NORWICH AND EASTERN CONNECTICUT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0450569
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0210532
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0457605
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01146
IRS990/PYOtherExpensesAmt0989954
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0480861
IRS990/PYRevenuesLessExpensesAmt0-267732
IRS990/PYSalariesCompEmpBnftPaidAmt0217390
IRS990/PYTotalExpensesAmt01207344
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0939612
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-338613
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0230864
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0198292
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0117269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0404153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0451457
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0289009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0336999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01731618
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0128
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02370
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99860
IRS990ScheduleA/PublicSupportPY170Pct00.89760
IRS990ScheduleA/PublicSupportTotal170Amt01731618
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0404153
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0451457
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0289009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0336999
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01731618
IRS990ScheduleA/TotalSupportAmt01733988
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/BookValueAmt046275
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120428
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0166703
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06828529
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DIRECT FINANCING LEASE RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt03535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03535
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0253691
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038413
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0292104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04185000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO PONEMAH MILLS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NORWICH COMMUNITY DEVELOPMENT CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO NOT 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, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0303501
IRS990ScheduleD/TotalBookValueProgramRltdAmt06828529
IRS990ScheduleD/TotalLiabilityAmt04185000

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,556,251
Liabilities
$7,886,098
Net assets
$3,670,153
Revenue
$911,046
Expenses
$1,249,659
Net income
-$338,613
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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