Civic Intelligence

Norwich Community Development Corporation Inc.

990 • Fiscal year 2021 • EIN 06-1066148

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

0.47x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

3.60x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

6th percentile

-40%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

41st percentile

$99,567

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

1st percentile

-45%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-9.6%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$6,304,160

Down $5,252,091 (-45%) from 2020

Net Assets

Down

$3,341,921

Down $328,232 (-8.9%) from 2020

Liabilities

Down

$2,962,239

Down $4,923,859 (-62%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin6th percentile

Revenue

Down

$823,908

Down $87,138 (-9.6%) from 2020

Expenses

Down

$1,152,140

Down $97,519 (-7.8%) from 2020

Net Income

Up

-$328,232

Up $10,381 (+3.1%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2021

Assets$6,304,160
Liabilities$2,962,239
Net Assets$3,341,921
Open 2021 Filing

Operations Trend

Revenue Growth19th 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

2021

Revenue$823,908
Expenses$1,152,140
Net Income-$328,232
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$823,908
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$6,828,529$5,731,329▼ $1,097,200
Land, Buildings, and Equipment, Net$303,501$283,801▼ $19,700
Savings and Temporary Cash Investments$117,269$117,813▲ $544
Cash and Non-Interest-Bearing Accounts$4,245,305$86,836▼ $4,158,469
Accounts Receivable$55,978$81,194▲ $25,216
Prepaid Expenses and Deferred Charges$5,669$3,187▼ $2,482
Intangible Assets-$0-
Total Assets$11,556,251$6,304,160▼ $5,252,091
Liabilities
Other Liabilities$4,185,000$0▼ $4,185,000
Mortgage Notes Payable Secured by Investment Property$3,629,846$2,832,816▼ $797,030
Accounts Payable and Accrued Expenses$70,252$88,210▲ $17,958
Deferred Revenue$1,000$41,213▲ $40,213
Total Liabilities$7,886,098$2,962,239▼ $4,923,859
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,200,000$2,900,000▼ $300,000
Net Assets Without Donor Restrictions$470,153$441,921▼ $28,232
Total Net Assets Fund Balance$3,670,153$3,341,921▼ $328,232
Total Liabilities and Net Assets / Fund Balance$11,556,251$6,304,160▼ $5,252,091

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$243,091$49,013$292,104
Equipment$37,175$134,816$171,991
Land$3,535-$3,535
Investment Program Related Org$5,731,329--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason VincentPresidentFT$99,567$99,567

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$451,371
Program Service Revenue
$372,518
Investment Income
$19
Other Revenue
$0
All Other Contributions
$83,371
Change in Net Assets
$-328,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$912,491
Salaries, Compensation, and Employee Benefits$239,649
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$179,749--$179,749
Fees for Services Management$61,605$101,926-$163,531
Occupancy$134,509$10,209-$144,718
Other Salaries and Wages$65,267$22,061-$87,328
Other Employee Benefits$57,535$16,226-$73,761
Current Officers, Directors, Trustees, and Key Employees$56,101$10,686-$66,787
Office Expenses$17,835$18,559-$36,394
Depreciation Depletion-$24,994-$24,994
Insurance$264$15,644-$15,908
Fees for Services Accounting$5,228$7,769-$12,997
Payroll Taxes$9,300$2,473-$11,773
Advertising$6,357$663-$7,020
Fees for Services Legal-$6,528-$6,528
Information Technology$2,259$2,489-$4,748
Other Expenses$2,433$1,628-$2,433
Conferences and Meetings$859$452-$1,311
All Other Expenses$90$710-$800
Total Functional Expenses$903,850$248,290$0$1,152,140
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
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.”

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
2022-05-16
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 be sustained. Management believes that the company has no uncertain tax positions that would require financial statement recognition or disclosure. Generally, federal authorities may examine the company's tax return for three years from the filing date. The current and prior three years remain subject to examination as of june 30, 2021.”

Raw XML AppendixShowing 400 of 539 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.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt070252
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt088210
IRS990/AccountsReceivableGrp/BOYAmt055978
IRS990/AccountsReceivableGrp/EOYAmt081194
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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/AdvertisingGrp/ManagementAndGeneralAmt0663
IRS990/AdvertisingGrp/ProgramServicesAmt06357
IRS990/AdvertisingGrp/TotalAmt07020
IRS990/AllOtherContributionsAmt083371
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0710
IRS990/AllOtherExpensesGrp/ProgramServicesAmt090
IRS990/AllOtherExpensesGrp/TotalAmt0800
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NORWICH COMMUNITY DEVELOPMENT CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum08608876964
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt066 FRANKLIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORWICH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006360
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04245305
IRS990/CashNonInterestBearingGrp/EOYAmt086836
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt010686
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt056101
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt066787
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0452
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0859
IRS990/ConferencesMeetingsGrp/TotalAmt01311
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0451371
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019
IRS990/CYOtherExpensesAmt0912491
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0372518
IRS990/CYRevenuesLessExpensesAmt0-328232
IRS990/CYSalariesCompEmpBnftPaidAmt0239649
IRS990/CYTotalExpensesAmt01152140
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0823908
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01000
IRS990/DeferredRevenueGrp/EOYAmt041213
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt024994
IRS990/DepreciationDepletionGrp/TotalAmt024994
IRS990/Desc0MERCANTILE EXCHANGE - NORWICH COMMUNITY DEVELOPMENT CORPORATION OWNS AN $18.9 MILLION, 81,000 SQUARE FOOT BUILDING IN DOWNTOWN NORWICH. THIS BUILDING HAS A 20-YEAR LEASE FOR WHICH NCDC IS THE LESSOR. THIS IS SHOWN AS A CAPITAL LEASE RECEIVABLE ON THE BOOKS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03200000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02900000
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0489698
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07769
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05228
IRS990/FeesForServicesAccountingGrp/TotalAmt012997
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06528
IRS990/FeesForServicesLegalGrp/TotalAmt06528
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0101926
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt061605
IRS990/FeesForServicesManagementGrp/TotalAmt0163531
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT BUCKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1REBECCA ALBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS JEWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT STALEY
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK BETTENCOURT
IRS990/Form990PartVIISectionAGrp/PersonNm5STACY GOULD
IRS990/Form990PartVIISectionAGrp/PersonNm6JASON JONES
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRIS LAROSE
IRS990/Form990PartVIISectionAGrp/PersonNm8KATHY LACOMBE
IRS990/Form990PartVIISectionAGrp/PersonNm9FRANK MANFREDI
IRS990/Form990PartVIISectionAGrp/PersonNm10PETER NYSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN SALOMONE
IRS990/Form990PartVIISectionAGrp/PersonNm12SWARNJIT SINGH
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL RAUH
IRS990/Form990PartVIISectionAGrp/PersonNm14KEVIN BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm15JASON VINCENT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1599567
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
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/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0368000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0823908
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02489
IRS990/InformationTechnologyGrp/ProgramServicesAmt02259
IRS990/InformationTechnologyGrp/TotalAmt04748
IRS990/InsuranceGrp/ManagementAndGeneralAmt015644
IRS990/InsuranceGrp/ProgramServicesAmt0264
IRS990/InsuranceGrp/TotalAmt015908
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0179749
IRS990/InterestGrp/TotalAmt0179749
IRS990/InvestmentIncomeGrp/ExclusionAmt019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt06828529
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05731329
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0183829
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0303501
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0283801
IRS990/LandBldgEquipCostOrOtherBssAmt0467630
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/BOYAmt03629846
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02832816
IRS990/NetAssetsOrFundBalancesBOYAmt03670153
IRS990/NetAssetsOrFundBalancesEOYAmt03341921
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0470153
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0441921
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010209
IRS990/OccupancyGrp/ProgramServicesAmt0134509
IRS990/OccupancyGrp/TotalAmt0144718
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018559
IRS990/OfficeExpensesGrp/ProgramServicesAmt017835
IRS990/OfficeExpensesGrp/TotalAmt036394
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016226
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057535
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073761
IRS990/OtherExpensesGrp/Desc0MERCANTILE EXCHANGE LEA
IRS990/OtherExpensesGrp/Desc1PERIODICALS AND PUBLICA
IRS990/OtherExpensesGrp/Desc2DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05273
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11628
IRS990/OtherExpensesGrp/ProgramServicesAmt0300000
IRS990/OtherExpensesGrp/ProgramServicesAmt12781
IRS990/OtherExpensesGrp/ProgramServicesAmt21678
IRS990/OtherExpensesGrp/ProgramServicesAmt32433
IRS990/OtherExpensesGrp/TotalAmt0300000
IRS990/OtherExpensesGrp/TotalAmt18054
IRS990/OtherExpensesGrp/TotalAmt23306
IRS990/OtherExpensesGrp/TotalAmt32433
IRS990/OtherLiabilitiesGrp/BOYAmt04185000
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022061
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt065267
IRS990/OtherSalariesAndWagesGrp/TotalAmt087328
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02473
IRS990/PayrollTaxesGrp/ProgramServicesAmt09300
IRS990/PayrollTaxesGrp/TotalAmt011773
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05669
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03187
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/RelatedOrExemptFuncIncomeAmt0185580
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1159739
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227199
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0185580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1159739
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227199
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/ExpenseAmt042377
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt027199
IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL ECONOMIC DEVELOPMENT - THIS PROGRAM SUPPORTS THE MANY OTHER ECONOMIC DEVLOPMENT RESOURCES FOR THE CITY OF NORWICH AND EASTERN CONNECTICUT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0371775
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0159739
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0404193
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0820
IRS990/PYOtherExpensesAmt0906679
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0506033
IRS990/PYRevenuesLessExpensesAmt0-338613
IRS990/PYSalariesCompEmpBnftPaidAmt0342980
IRS990/PYTotalExpensesAmt01249659
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0911046
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-328232
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0185580
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0117269
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0117813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0393035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0404153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0451457
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0289009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01787654
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0172
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02262
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99870
IRS990ScheduleA/PublicSupportPY170Pct00.99860
IRS990ScheduleA/PublicSupportTotal170Amt01787654
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0393035
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0404153
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0451457
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0289009
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01787654
IRS990ScheduleA/TotalSupportAmt01789916
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/BookValueAmt037175
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134816
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0171991
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05731329
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DIRECT FINANCING LEASE RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt03535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03535
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0243091

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,304,160
Liabilities
$2,962,239
Net assets
$3,341,921
Revenue
$823,908
Expenses
$1,152,140
Net income
-$328,232
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
2021Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits