Civic Intelligence

Malta House Inc.

990 • Fiscal year 2016 • EIN 06-1604710

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 07, 2017

5 Prowitt StreetNorwalk, CT 06855

(203) 857-0088

Siviq Scores

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

Liabilities / Assets

69th percentile

0.18x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

26th percentile

-6.5%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$83,200

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.9%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

6.0%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$206,087

Down $10,576 (-4.9%) from 2015

Net Assets

Down

$169,328

Down $3,189 (-1.8%) from 2015

Liabilities

Down

$36,759

Down $7,387 (-17%) from 2015

Revenue

Up

$820,204

Up $46,156 (+6.0%) from 2015

Expenses

Up

$873,393

Up $59,477 (+7.3%) from 2015

Net Income

Down

-$53,189

Down $13,321 (-33%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $182,377Liabilities 2011: $63,214Net Assets 2011: $119,1632011Assets 2012: $158,866Liabilities 2012: $81,391Net Assets 2012: $77,4752012Assets 2013: $190,272Liabilities 2013: $74,952Net Assets 2013: $115,3202013Assets 2014: $205,063Liabilities 2014: $42,678Net Assets 2014: $162,3852014Assets 2015: $216,663Liabilities 2015: $44,146Net Assets 2015: $172,5172015Assets 2016: $206,087Liabilities 2016: $36,759Net Assets 2016: $169,3282016Assets 2017: $197,815Liabilities 2017: $154,566Net Assets 2017: $43,2492017Assets 2018: $126,168Liabilities 2018: $154,416Net Assets 2018: -$28,2482018Assets 2019: $742,423Liabilities 2019: $528,337Net Assets 2019: $214,0862019Assets 2020: $5,417,970Liabilities 2020: $1,505,313Net Assets 2020: $3,912,6572020Assets 2021: $6,611,045Liabilities 2021: $1,069,408Net Assets 2021: $5,541,6372021Assets 2022: $6,386,416Liabilities 2022: $1,037,264Net Assets 2022: $5,349,1522022Assets 2023: $6,552,491Liabilities 2023: $1,741,260Net Assets 2023: $4,811,2312023Assets 2024: $6,083,052Liabilities 2024: $1,566,322Net Assets 2024: $4,516,7302024Assets 2025: $5,790,949Liabilities 2025: $1,247,753Net Assets 2025: $4,543,1962025

Highlighted filing

2016

Assets$206,087
Liabilities$36,759
Net Assets$169,328

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $741,1402011Expenses 2012: $697,4182012Revenue 2013: $775,017Expenses 2013: $737,172Net Income 2013: $37,8452013Revenue 2014: $837,151Expenses 2014: $790,234Net Income 2014: $46,9172014Revenue 2015: $774,048Expenses 2015: $813,916Net Income 2015: -$39,8682015Revenue 2016: $820,204Expenses 2016: $873,393Net Income 2016: -$53,1892016Revenue 2017: $699,076Expenses 2017: $875,155Net Income 2017: -$176,0792017Revenue 2018: $909,178Expenses 2018: $994,642Net Income 2018: -$85,4642018Revenue 2019: $1,090,058Expenses 2019: $1,266,762Net Income 2019: -$176,7042019Revenue 2020: $4,435,698Expenses 2020: $1,226,833Net Income 2020: $3,208,8652020Revenue 2021: $2,600,980Expenses 2021: $1,315,505Net Income 2021: $1,285,4752021Revenue 2022: $1,271,964Expenses 2022: $1,621,339Net Income 2022: -$349,3752022Revenue 2023: $1,640,596Expenses 2023: $2,178,523Net Income 2023: -$537,9272023Revenue 2024: $1,552,232Expenses 2024: $1,846,733Net Income 2024: -$294,5012024Revenue 2025: $2,346,312Expenses 2025: $2,319,846Net Income 2025: $26,4662025

Highlighted filing

2016

Revenue$820,204
Expenses$873,393
Net Income-$53,189
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 7, 2017
Return Version
2015v3.0
Gross Receipts
$898,504
Mission and Program Overview

Mission

Based on the social teachings and traditions of the catholic church, we promote the dignity of god-given life in serving homeless pregnant and parenting young women and their children, of all faiths, beginning with a safe nurturing home environment. Our residence can house up to 15 women and 13 children at one time. Through our integrative formational program of services and educational opportunities, we support each family in developing socially, intellectually, physically, economically, emotionally and spiritually so that they gain self-confidence, self-respect, self- sufficiency, and independent-living skills as new parents.

Malta house provides homeless pregnant and parenting women and their children with social services support; on-site housing or financial assistance for off-site housing; child care; educational opportunities for employment; and parenting and independent-living skills training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$155,221$142,002▼ $13,219
Pledges and Grants Receivable$34,525$39,625▲ $5,100
Prepaid Expenses and Deferred Charges$15,937$15,848▼ $89
Land, Buildings, and Equipment, Net$10,980$8,612▼ $2,368
Total Assets$216,663$206,087▼ $10,576
Liabilities
Accounts Payable and Accrued Expenses$44,146$36,759▼ $7,387
Total Liabilities$44,146$36,759▼ $7,387
Net Assets / Fund Balance
Unrestricted Net Assets$140,286$154,394▲ $14,108
Temporarily Rstr Net Assets$32,231$14,934▼ $17,297
Total Net Assets Fund Balance$172,517$169,328▼ $3,189
Total Liabilities and Net Assets / Fund Balance$216,663$206,087▼ $10,576

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,612$65,522$74,134
Leasehold Improvements-$2,699$2,699

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,240,248-▲ $7,136$67,256$1,180,128
2014$1,309,635-▲ $12,849$82,236$1,240,248
2013$1,179,641-▲ $209,803$79,809$1,309,635
2012$1,112,429-▲ $119,487$52,275$1,179,641
2011$1,014,552$170,000▼ $13,204$58,919$1,112,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lucy FreemanExecutive DiFT$83,200$83,200
Revenue and Support

Revenue Composition

Contributions and Grants
$888,424
Program Service Revenue
$9,939
Investment Income
$141
Other Revenue
$-78,300
All Other Contributions
$427,292
Change in Net Assets
$-53,189

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$73,017Estimate of Fair Value
Food Inventory1$4,400Estimate of Fair Value
Other Non Cash Contri Table1$2,376Estimate of Fair Value
Other Non Cash Contri Table1$2,195Estimate of Fair Value
Total Noncash Contributions3$81,988-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$510,233
Other Expenses$363,160
Total Fundraising Expense$101,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$280,085$17,038$43,625$340,748
Occupancy$80,020$4,446$4,446$88,912
Current Officers, Directors, Trustees, and Key Employees$74,880$4,160$4,160$83,200
Payroll Taxes$45,430$2,713$6,116$54,259
Office Expenses$47,799$2,655$2,655$53,109
Other Expenses$32,609$2,425$13,466$48,500
Fees for Services Other$10,966$12,000$23,365$46,331
Other Employee Benefits$26,815$1,601$3,610$32,026
Depreciation Depletion$2,130$119$119$2,368
Total Functional Expenses$724,674$47,157$101,562$873,393
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$78,300
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$214,400-$13,265-
Concert$101,953-$9,861-
Total Events$403,225-$78,300$-78,300
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
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

On june 28, 2016, the members voted to amend the bylaws of the organization. The amendment reduced the number of members to three (3). On november 15, 2016, and amended certificate of incorporation was filed with the state of connecticut.

Form 990, Page 6, Part VI, Line 6

The organization members are as follows: board director or executive director of good counsel inc.; board director or executive director of malta house inc.; and, individual in a leadership position in the roman catholic diocese of bridgeport whose role as a member has been approved by the bishop of the diocese of bridgeport.

Form 990, Page 6, Part VI, Line 7A

The organization members will elect the directors of the corporation.

Form 990, Page 6, Part VI, Line 7B

Matters reserved to the members include: the approval of the executive director of malta house, inc., the approval of nominations for the board of directors, dissoluion of the corporation, and the purchase or sale of assets in excess of one million dollars (1,000,000). Any vote of the members to amend the certificate of incorporation or for the removal of any or all members of the board of directors requires unanimous approval of the members.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to the full board of directors for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Directors are required to sign a conflict of interest policy annually, indicating that they have read and understand the policy and agree to comply with the policy.

Form 990, Page 6, Part VI, Line 15A

The board of directors approves compensation for the organization's executive director and key employees.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Malta House Inc
EIN
06-1604710
Phone
2038570088
Address
5 PROWITT STREET, NORWALK, CT 06855

Signing Officer

Name
Brian Tremblay
Title
Treasurer
Phone
2038570088
Signed
2017-02-07

Organization Details

Principal Officer
Brian Tremblay
Formed
2001
Legal Domicile
Ct
Voting Board Members
17
Independent Board Members
16
Employees
23
Volunteers
100

Preparer

Firm
Bregman & Company Pc
Address
350 BEDFORD STREET 2ND FLOOR, STAMFORD, CT 06901
Preparer
Eliot M Bassin
Phone
2033254155
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Based on the social teachings and traditions of the catholic church, we promote the dignity of god-given life in serving homeless pregnant and parenting young women and their children, of all faiths, beginning with a safe nurturing home environment. Our residence can house up to 10 women and 10 children at one time. Through our integrative formational program of services and educational opportunities, we support each family in developing socially, intellectually, physically, economically, emotionally and spiritually so that they gain self-confidence, self-respect, self- sufficiency, and independent-living skills as new parents.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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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/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/MissionDesc0BASED ON THE SOCIAL TEACHINGS AND TRADITIONS OF THE CATHOLIC CHURCH, WE PROMOTE THE DIGNITY OF GOD-GIVEN LIFE IN SERVING HOMELESS PREGNANT AND PARENTING YOUNG WOMEN AND THEIR CHILDREN, OF ALL FAITHS, BEGINNING WITH A SAFE NURTURING HOME ENVIRONMENT. OUR RESIDENCE CAN HOUSE UP TO 10 WOMEN AND 10 CHILDREN AT ONE TIME. THROUGH OUR INTEGRATIVE FORMATIONAL PROGRAM OF SERVICES AND EDUCATIONAL OPPORTUNITIES, WE SUPPORT EACH FAMILY IN DEVELOPING SOCIALLY, INTELLECTUALLY, PHYSICALLY, ECONOMICALLY, EMOTIONALLY AND SPIRITUALLY SO THAT THEY GAIN SELF-CONFIDENCE, SELF-RESPECT, SELF- SUFFICIENCY, AND INDEPENDENT-LIVING SKILLS AS NEW PARENTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PARTNERING FOR SUCCESS: IN FISCAL YEAR 2015-2016, MALTA HOUSE PROVIDED FORMER RESIDENTS WITH ONGOING SUPPORT FOR SOCIAL SERVICES, AND HEALTH AND LEGAL ADVOCACY, IN ADDITION TO FINANCIAL ASSISTANCE FOR HOUSING, CHILDCARE, AND EDUCATIONAL OPPORTUNITIES. ALL FORMER RESIDENTS ARE WELCOME TO PARTICIPATE IN ALL CLASSES PROVIDED IN HOUSE TO OUR RESIDENTS IN ADDITION TO COUNSELING AND PASTORAL CARE SERVICES. OUR CLIENTS CONTINUED TO GROW IN CONFIDENCE, COMPETENCY, AND SELF-RELIANCE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY OUTREACH: IN FISCAL YEAR 2015-2016, MALTA HOUSE SERVED NEEDY FAMILIES FROM THE SURROUNDING COMMUNITY FROM OUR BABY PANTRY THAT IS STOCKED WITH DONATED ITEMS. FAMILIES WERE OFFERED BABY FOOD, DIAPERS, BLANKETS, SUPPLIES, BOOKS, TOYS, AND OTHER NECESSARY BASICS SUCH AS WOMEN'S CLOTHING.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.79$1.25$4.54$2.35$2.32$0.03
2024Detailed filing. Detailed filing data is available for this year.$6.08$1.57$4.52$1.55$1.85$0.29
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.55$1.74$4.81$1.64$2.18$0.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.39$1.04$5.35$1.27$1.62$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.61$1.07$5.54$2.60$1.32$1.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$1.51$3.91$4.44$1.23$3.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.53$0.21$1.09$1.27$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.15$0.03$0.91$0.99$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.15$0.04$0.70$0.88$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.04$0.17$0.82$0.87$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.04$0.17$0.77$0.81$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.04$0.16$0.84$0.79$0.05
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.19$0.07$0.12$0.78$0.74$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.08$0.08$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.06$0.12$0.74
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $500k-$1M nonprofits