Civic Intelligence

Ida B Wells Inc.

990 • Fiscal year 2017 • EIN 06-1617832

Aug 01, 2016 to Jul 31, 2017 • Filed on Nov 03, 2017

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

72nd percentile

0.33x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.77x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

26th percentile

-3.0%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

3.9%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,453,687

Down $106,560 (-3.0%) from 2016

Net Assets

Down

$2,326,099

Down $124,551 (-5.1%) from 2016

Liabilities

Up

$1,127,588

Up $17,991 (+1.6%) from 2016

Revenue

Up

$406,359

Up $15,336 (+3.9%) from 2016

Expenses

Down

$530,910

Down $41,174 (-7.2%) from 2016

Net Income

Up

-$124,551

Up $56,510 (+31%) from 2016

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

2017

Assets$3,453,687
Liabilities$1,127,588
Net Assets$2,326,099

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

2017

Revenue$406,359
Expenses$530,910
Net Income-$124,551
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$406,359
Mission and Program Overview

Mission

To provide low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,414,108$3,302,680▼ $111,428
Savings and Temporary Cash Investments$129,633$144,535▲ $14,902
Prepaid Expenses and Deferred Charges$10,825--
Cash and Non-Interest-Bearing Accounts$207$3,867▲ $3,660
Accounts Receivable$5,474$2,605▼ $2,869
Total Assets$3,560,247$3,453,687▼ $106,560
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,068,135$1,103,755▲ $35,620
Other Liabilities$11,602$12,181▲ $579
Accounts Payable and Accrued Expenses$26,566$10,877▼ $15,689
Unsecured Notes Loans Payable$3,294$775▼ $2,519
Total Liabilities$1,109,597$1,127,588▲ $17,991
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,857,200$3,857,200→ $0
Unrestricted Net Assets$-1,406,550$-1,531,101▼ $124,551
Total Net Assets Fund Balance$2,450,650$2,326,099▼ $124,551
Total Liabilities and Net Assets / Fund Balance$3,560,247$3,453,687▼ $106,560

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,202,680$1,386,202$4,588,882
Land$100,000-$100,000
Other Land Buildings$0$11,317$11,317
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$406,254
Investment Income
$105
Other Revenue
$0
Change in Net Assets
$-124,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$406,359
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$406,359
Total Revenue per Form 990
$406,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,452
Salaries, Compensation, and Employee Benefits$127,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$123,372--$123,372
Other Salaries and Wages$104,207--$104,207
Fees for Services Management$45,994--$45,994
Interest$35,629--$35,629
Insurance$23,962--$23,962
Office Expenses$10,898--$10,898
Payroll Taxes$8,741--$8,741
Other Employee Benefits$8,599--$8,599
Pension Plan Contributions$5,911--$5,911
Fees for Services Accounting$4,195--$4,195
Other Expenses$1,858--$1,858
Advertising$375--$375
Conferences and Meetings$109--$109
Total Functional Expenses$530,910$0$0$530,910

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$530,910
Total Expenses per Audited Statements$530,910
Total Expenses per Form 990$530,910
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$12,181
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 11B

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
Vernon Matthews
Title
President
Phone
8602432701
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vernon Matthews
Formed
2001
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
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
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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/CurrentTaxYearAmt0105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0113
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0596
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0406254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0390903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0402491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0398753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0398543
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01996944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0596
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01996944
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0406254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0390903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0402491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0398753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0398543
IRS990ScheduleA/Total509Grp/TotalAmt01996944
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0406359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0391023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0402615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0398866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0398677
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01997540
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03202680
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01386202
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04588882
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0530910
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011317
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0406359
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03302680
IRS990ScheduleD/TotalExpensesPerForm990Amt0530910
IRS990ScheduleD/TotalLiabilityAmt012181
IRS990ScheduleD/TotalRevenuePerForm990Amt0406359
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0406359
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0530910
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 11B
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/TotalAssetsBOYAmt03560247
IRS990/TotalAssetsEOYAmt03453687
IRS990/TotalAssetsGrp/BOYAmt03560247
IRS990/TotalAssetsGrp/EOYAmt03453687
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0530910
IRS990/TotalFunctionalExpensesGrp/TotalAmt0530910
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01109597
IRS990/TotalLiabilitiesEOYAmt01127588
IRS990/TotalLiabilitiesGrp/BOYAmt01109597
IRS990/TotalLiabilitiesGrp/EOYAmt01127588
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02450650
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02326099
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0530910
IRS990/TotalProgramServiceRevenueAmt0406254
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0105
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0406254
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0406359
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03560247
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03453687
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1406550
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1531101
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt03294
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0775
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 COVENTRY STREET
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0061121551
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VERNON MATTHEWS

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