Civic Intelligence

Ida B Wells Inc.

990 • Fiscal year 2019 • EIN 06-1617832

Aug 01, 2018 to Jul 31, 2019 • Filed on Nov 11, 2019

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

76th percentile

0.37x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

2.85x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

8th percentile

-36%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

22nd percentile

-4.0%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.4%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,234,234

Down $134,402 (-4.0%) from 2018

Net Assets

Down

$2,032,957

Down $149,947 (-6.9%) from 2018

Liabilities

Up

$1,201,277

Up $15,545 (+1.3%) from 2018

Revenue

Up

$420,989

Up $1,579 (+0.4%) from 2018

Expenses

Up

$570,936

Up $8,331 (+1.5%) from 2018

Net Income

Down

-$149,947

Down $6,752 (-4.7%) from 2018

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

2019

Assets$3,234,234
Liabilities$1,201,277
Net Assets$2,032,957

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

2019

Revenue$420,989
Expenses$570,936
Net Income-$149,947
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$420,989
Mission and Program Overview

Mission

To provide low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,183,999$3,092,500▼ $91,499
Savings and Temporary Cash Investments$170,805$124,654▼ $46,151
Prepaid Expenses and Deferred Charges$10,119$10,140▲ $21
Accounts Receivable$2,639$5,337▲ $2,698
Cash and Non-Interest-Bearing Accounts$1,074$1,603▲ $529
Total Assets$3,368,636$3,234,234▼ $134,402
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,139,375$1,174,995▲ $35,620
Accounts Payable and Accrued Expenses$33,925$14,014▼ $19,911
Other Liabilities$12,432$12,268▼ $164
Total Liabilities$1,185,732$1,201,277▲ $15,545
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,857,200$3,857,200→ $0
Unrestricted Net Assets$-1,674,296$-1,824,243▼ $149,947
Total Net Assets Fund Balance$2,182,904$2,032,957▼ $149,947
Total Liabilities and Net Assets / Fund Balance$3,368,636$3,234,234▼ $134,402

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,991,064$1,628,228$4,619,292
Land$100,000-$100,000
Other Land Buildings$1,436$11,557$12,993
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$420,843
Investment Income
$146
Other Revenue
$0
Change in Net Assets
$-149,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$420,989
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$420,989
Total Revenue per Form 990
$420,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$487,110
Salaries, Compensation, and Employee Benefits$83,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$120,690$1,219-$121,909
Other Salaries and Wages$60,229$10,898-$71,127
Fees for Services Management-$43,663-$43,663
Other Expenses$42,669$447-$42,669
Interest$35,631--$35,631
Insurance$23,029--$23,029
Office Expenses-$13,284-$13,284
Payroll Taxes$4,774$842-$5,616
Pension Plan Contributions$4,466$788-$5,254
Fees for Services Accounting-$4,245-$4,245
Other Employee Benefits$1,513$316-$1,829
Advertising-$1,170-$1,170
Conferences and Meetings-$880-$880
Total Functional Expenses$493,184$77,752$0$570,936

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$570,936
Total Expenses per Audited Statements$570,936
Total Expenses per Form 990$570,936
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$12,268
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
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vernon Matthews
Formed
2001
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
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 432 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/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0146
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt095
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0590
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0420843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0419315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0406254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0390903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0402491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02039806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0146
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0590
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt02039806
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0420843
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0419315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0406254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0390903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0402491
IRS990ScheduleA/Total509Grp/TotalAmt02039806
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0420989
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0419410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0406359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0391023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0402615
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02040396
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02991064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01628228
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04619292
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0570936
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01436
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011557
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0420989
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03092500
IRS990ScheduleD/TotalExpensesPerForm990Amt0570936
IRS990ScheduleD/TotalLiabilityAmt012268
IRS990ScheduleD/TotalRevenuePerForm990Amt0420989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0420989
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0570936
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03857200
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03857200
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03368636
IRS990/TotalAssetsEOYAmt03234234
IRS990/TotalAssetsGrp/BOYAmt03368636
IRS990/TotalAssetsGrp/EOYAmt03234234
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077752
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0493184
IRS990/TotalFunctionalExpensesGrp/TotalAmt0570936
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01185732
IRS990/TotalLiabilitiesEOYAmt01201277
IRS990/TotalLiabilitiesGrp/BOYAmt01185732
IRS990/TotalLiabilitiesGrp/EOYAmt01201277
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02182904
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02032957
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0493184
IRS990/TotalProgramServiceRevenueAmt0420843
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0146
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0420843
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0420989
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03368636
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03234234
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1674296
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1824243
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 COVENTRY STREET
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0061121551
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
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