Civic Intelligence

Ida B Wells Inc.

990 • Fiscal year 2015 • EIN 06-1617832

Aug 01, 2014 to Jul 31, 2015 • Filed on Nov 03, 2015

100 Coventry StreetHartford, CT 06112-1551

(860) 243-2701

Siviq Scores

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

Liabilities / Assets

68th percentile

0.29x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

2.66x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-35%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

32nd percentile

-2.8%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

0.9%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,702,983

Down $108,620 (-2.8%) from 2014

Net Assets

Down

$2,631,711

Down $140,356 (-5.1%) from 2014

Liabilities

Up

$1,071,272

Up $31,736 (+3.1%) from 2014

Revenue

Up

$402,615

Up $3,749 (+0.9%) from 2014

Expenses

Up

$542,971

Up $28,796 (+5.6%) from 2014

Net Income

Down

-$140,356

Down $25,047 (-22%) from 2014

Historical Trend

Balance Sheet Trend

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

$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

2015

Assets$3,702,983
Liabilities$1,071,272
Net Assets$2,631,711

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$402,615
Expenses$542,971
Net Income-$140,356
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$402,615
Mission and Program Overview

Mission

To provide low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,657,552$3,539,639▼ $117,913
Savings and Temporary Cash Investments$136,672$150,035▲ $13,363
Prepaid Expenses and Deferred Charges$8,458$8,113▼ $345
Cash and Non-Interest-Bearing Accounts$6,494$4,634▼ $1,860
Accounts Receivable$2,427$562▼ $1,865
Total Assets$3,811,603$3,702,983▼ $108,620
Liabilities
Mortgage Notes Payable Secured by Investment Property$996,895$1,032,515▲ $35,620
Accounts Payable and Accrued Expenses$31,941$21,876▼ $10,065
Other Liabilities$10,700$11,262▲ $562
Unsecured Notes Loans Payable-$5,619-
Total Liabilities$1,039,536$1,071,272▲ $31,736
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,857,200$3,857,200→ $0
Unrestricted Net Assets$-1,085,133$-1,225,489▼ $140,356
Total Net Assets Fund Balance$2,772,067$2,631,711▼ $140,356
Total Liabilities and Net Assets / Fund Balance$3,811,603$3,702,983▼ $108,620

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,438,256$1,138,682$4,576,938
Land$100,000-$100,000
Other Land Buildings$1,383$9,934$11,317
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$402,491
Investment Income
$124
Other Revenue
$0
Change in Net Assets
$-140,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$402,615
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$402,615
Total Revenue per Form 990
$402,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$427,771
Salaries, Compensation, and Employee Benefits$115,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$126,826--$126,826
Other Salaries and Wages$93,693--$93,693
Fees for Services Management$46,359--$46,359
Interest$35,630--$35,630
Insurance$19,561--$19,561
Office Expenses$11,640--$11,640
Other Employee Benefits$9,650--$9,650
Payroll Taxes$7,843--$7,843
Fees for Services Accounting$4,095--$4,095
Pension Plan Contributions$4,014--$4,014
Other Expenses$1,803--$1,803
All Other Expenses$1,354--$1,354
Conferences and Meetings$831--$831
Advertising$375--$375
Total Functional Expenses$542,971$0$0$542,971

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$542,971
Total Expenses per Audited Statements$542,971
Total Expenses per Form 990$542,971
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$11,262
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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 elderly housing management to provide property management services for the apartment building. All employees are employees of elderly housing management. Salaries on the 990 represent reimbursements to ehm for employees who work on-site at the organizations apartment facility. Ehm provides all management, accounting, and maintenance services related to the property.

Form 990, Part VI, Section B, Line 11

A 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
8602432701
Address
100 COVENTRY STREET, HARTFORD, CT 06112-1551

Signing Officer

Name
Valerie Tate Everett
Title
President
Phone
8602432701
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Tate Everett
Formed
2001
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Kircaldie Randall & Mcnab LLC
Address
605 WASHINGTON AVENUE, NORTH HAVEN, CT 06473-1187
Preparer
Brian S Borgerson CPA
Phone
2032394478
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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0127
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0402491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0398753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0398543
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0394024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0367331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01961142
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0127
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0630
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt01961142
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0402491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0398753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398543
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0394024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0367331
IRS990ScheduleA/Total509Grp/TotalAmt01961142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0402615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0398866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0398677
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0394151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0367463
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01961772
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03438256
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01138682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04576938
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0542971
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01383
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09934
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011262
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0402615
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03539639
IRS990ScheduleD/TotalExpensesPerForm990Amt0542971
IRS990ScheduleD/TotalLiabilityAmt011262
IRS990ScheduleD/TotalRevenuePerForm990Amt0402615
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0402615
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0542971
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH ELDERLY HOUSING MANAGEMENT TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE APARTMENT BUILDING. ALL EMPLOYEES ARE EMPLOYEES OF ELDERLY HOUSING MANAGEMENT. SALARIES ON THE 990 REPRESENT REIMBURSEMENTS TO EHM FOR EMPLOYEES WHO WORK ON-SITE AT THE ORGANIZATIONS APARTMENT FACILITY. EHM PROVIDES ALL MANAGEMENT, ACCOUNTING, AND MAINTENANCE SERVICES RELATED TO THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED BY HUD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03857200
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03857200
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03811603
IRS990/TotalAssetsEOYAmt03702983
IRS990/TotalAssetsGrp/BOYAmt03811603
IRS990/TotalAssetsGrp/EOYAmt03702983
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0542971
IRS990/TotalFunctionalExpensesGrp/TotalAmt0542971
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01039536
IRS990/TotalLiabilitiesEOYAmt01071272
IRS990/TotalLiabilitiesGrp/BOYAmt01039536
IRS990/TotalLiabilitiesGrp/EOYAmt01071272
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02772067
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02631711
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0542971
IRS990/TotalProgramServiceRevenueAmt0402491
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0124
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0402491
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0402615
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03811603
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03702983
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1085133
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1225489
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt05619
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 COVENTRY STREET
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0061121551
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VALERIE TATE EVERETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08602432701
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IDA B WELLS INC
ReturnHeader/Filer/BusinessNameControlTxt0IDAB

Document Assets

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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