Civic Intelligence

Ida B Wells Inc

EIN 06-1617832 • 501(c)3 • Hartford, CT

Profile

To provide low income housing

100 Coventry StreetHartford, CT 06112-1551

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.49x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

2.99x

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

33rd percentile

-1.9%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

3.9%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,866,800

Down $56,843 (-1.9%) from 2022

Liabilities

Up

$1,401,164

Up $78,818 (+6.0%) from 2022

Net Assets

Down

$1,465,636

Down $135,661 (-8.5%) from 2022

Revenue

Up

$469,321

Up $17,739 (+3.9%) from 2022

Expenses

Up

$604,982

Up $2,750 (+0.5%) from 2022

Net Income

Up

-$135,661

Up $14,989 (+9.9%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $4,101,032Liabilities 2011: $1,012,483Net Assets 2011: $3,088,5492011Assets 2012: $4,035,466Liabilities 2012: $1,022,697Net Assets 2012: $3,012,7692012Assets 2013: $3,917,085Liabilities 2013: $1,029,709Net Assets 2013: $2,887,3762013Assets 2014: $3,811,603Liabilities 2014: $1,039,536Net Assets 2014: $2,772,0672014Assets 2015: $3,702,983Liabilities 2015: $1,071,272Net Assets 2015: $2,631,7112015Assets 2016: $3,560,247Liabilities 2016: $1,109,597Net Assets 2016: $2,450,6502016Assets 2017: $3,453,687Liabilities 2017: $1,127,588Net Assets 2017: $2,326,0992017Assets 2018: $3,368,636Liabilities 2018: $1,185,732Net Assets 2018: $2,182,9042018Assets 2019: $3,234,234Liabilities 2019: $1,201,277Net Assets 2019: $2,032,9572019Assets 2020: $3,143,373Liabilities 2020: $1,256,880Net Assets 2020: $1,886,4932020Assets 2021: $3,047,162Liabilities 2021: $1,295,215Net Assets 2021: $1,751,9472021Assets 2022: $2,923,643Liabilities 2022: $1,322,346Net Assets 2022: $1,601,2972022Assets 2023: $2,866,800Liabilities 2023: $1,401,164Net Assets 2023: $1,465,6362023

Highlighted filing

2023

Assets$2,866,800
Liabilities$1,401,164
Net Assets$1,465,636

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $448,9292011Expenses 2012: $469,9312012Revenue 2013: $398,677Expenses 2013: $524,070Net Income 2013: -$125,3932013Revenue 2014: $398,866Expenses 2014: $514,175Net Income 2014: -$115,3092014Revenue 2015: $402,615Expenses 2015: $542,971Net Income 2015: -$140,3562015Revenue 2016: $391,023Expenses 2016: $572,084Net Income 2016: -$181,0612016Revenue 2017: $406,359Expenses 2017: $530,910Net Income 2017: -$124,5512017Revenue 2018: $419,410Expenses 2018: $562,605Net Income 2018: -$143,1952018Revenue 2019: $420,989Expenses 2019: $570,936Net Income 2019: -$149,9472019Revenue 2020: $423,575Expenses 2020: $570,039Net Income 2020: -$146,4642020Revenue 2021: $433,163Expenses 2021: $567,709Net Income 2021: -$134,5462021Revenue 2022: $451,582Expenses 2022: $602,232Net Income 2022: -$150,6502022Revenue 2023: $469,321Expenses 2023: $604,982Net Income 2023: -$135,6612023

Highlighted filing

2023

Revenue$469,321
Expenses$604,982
Net Income-$135,661

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.87$1.40$1.47$0.47$0.60$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.92$1.32$1.60$0.45$0.60$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.05$1.30$1.75$0.43$0.57$0.13
2020Detailed filing. Detailed filing data is available for this year.$3.14$1.26$1.89$0.42$0.57$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.23$1.20$2.03$0.42$0.57$0.15
2018Detailed filing. Detailed filing data is available for this year.$3.37$1.19$2.18$0.42$0.56$0.14
2017Detailed filing. Detailed filing data is available for this year.$3.45$1.13$2.33$0.41$0.53$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.56$1.11$2.45$0.39$0.57$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.70$1.07$2.63$0.40$0.54$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.81$1.04$2.77$0.40$0.51$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$1.03$2.89$0.40$0.52$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$1.02$3.01$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$1.01$3.09$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 25, 2025
Return Version
2022v5.0
Gross Receipts
$469,321
Mission and Program Overview

Mission

To provide low income housing

To provide low income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,743,325$2,651,681▼ $91,644
Cash and Non-Interest-Bearing Accounts$3,208$173,706▲ $170,498
Savings and Temporary Cash Investments$163,535--
Accounts Receivable$2,310$34,428▲ $32,118
Prepaid Expenses and Deferred Charges$11,265$6,985▼ $4,280
Total Assets$2,923,643$2,866,800▼ $56,843
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,281,855$1,317,475▲ $35,620
Accounts Payable and Accrued Expenses$27,672$72,924▲ $45,252
Other Liabilities$12,819$10,765▼ $2,054
Total Liabilities$1,322,346$1,401,164▲ $78,818
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,857,200$3,857,200→ $0
Net Assets Without Donor Restrictions$-2,255,903$-2,391,564▼ $135,661
Total Net Assets Fund Balance$1,601,297$1,465,636▼ $135,661
Total Liabilities and Net Assets / Fund Balance$2,923,643$2,866,800▼ $56,843

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,545,387$2,124,579$4,669,966
Land$105,443-$105,443
Equipment$851$8,710$9,561
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$469,299
Investment Income
$22
Other Revenue
$0
Change in Net Assets
$-135,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$469,321
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$469,321
Total Revenue per Form 990
$469,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$547,784
Salaries, Compensation, and Employee Benefits$57,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$267,451$434-$267,885
Depreciation Depletion$124,628$1,259-$125,887
Other Salaries and Wages$42,910$10,727-$53,637
Fees for Services Management-$39,638-$39,638
Interest-$35,623-$35,623
Insurance$33,064--$33,064
Other Expenses$24,284--$24,284
Office Expenses-$16,338-$16,338
Fees for Services Accounting-$4,915-$4,915
Other Employee Benefits$1,892$473-$2,365
Payroll Taxes$957$239-$1,196
Advertising-$150-$150
Total Functional Expenses$495,186$109,796$0$604,982

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$604,982
Total Expenses per Audited Statements$604,982
Total Expenses per Form 990$604,982
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$10,765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has contracted with faith asset management, llc (fam) to provide property management services for the apartment building. All employees are employees of fam. Salaries on the 990 represent reimbursements to fam for employees who work on-site at the organization's apartment facility. Fam provides all management, accounting, and maintenance services related to the property.

Form 990, Part VI, Section B, Line 11B

Draft copy of the 990 was provided to the board at the same time the audit draft was submitted. The board was requested to review the 990 and provide input on the completion of the final form.

Form 990, Part VI, Section B, Line 12

MONITORED BY HUD

Form 990, Part VI, Section C, Line 19

Available upon written request

Filing and Contact Details

Filer

Filer Name
Ida B Wells Inc
EIN
06-1617832
Phone
8605494877
Address
100 COVENTRY STREET, HARTFORD, CT 06112-1551

Signing Officer

Name
Patricia Tyson
Title
Treasurer
Phone
8605494877
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Tyson
Formed
2001
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Thomas Goldfuss
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

No change from the prior year.

Raw XML AppendixShowing 400 of 420 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/ProgramServiceRevenueGrp/Desc1OTHER
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17344
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0-150650
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IRS990/PYTotalProfFndrsngExpnsAmt043614
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-135661
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0146
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0391
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0433163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0423465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0420843
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0423465
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0420843
IRS990ScheduleA/Total509Grp/TotalAmt02198308
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0433232
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt08710
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH FAITH ASSET MANAGEMENT, LLC (FAM) TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE APARTMENT BUILDING. ALL EMPLOYEES ARE EMPLOYEES OF FAM. SALARIES ON THE 990 REPRESENT REIMBURSEMENTS TO FAM FOR EMPLOYEES WHO WORK ON-SITE AT THE ORGANIZATION'S APARTMENT FACILITY. FAM PROVIDES ALL MANAGEMENT, ACCOUNTING, AND MAINTENANCE SERVICES RELATED TO THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT COPY OF THE 990 WAS PROVIDED TO THE BOARD AT THE SAME TIME THE AUDIT DRAFT WAS SUBMITTED. THE BOARD WAS REQUESTED TO REVIEW THE 990 AND PROVIDE INPUT ON THE COMPLETION OF THE FINAL FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED BY HUD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0495186
IRS990/TotalFunctionalExpensesGrp/TotalAmt0604982
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0061121551
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA TYSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08605494877
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IDA B WELLS INC
ReturnHeader/Filer/BusinessNameControlTxt0IDAB

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