Civic Intelligence

Hall Commons Inc.

990 • Fiscal year 2020 • EIN 06-1618093

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 31, 2021

Organization ProfileN/A
55 George E Pipkins WayBridgeport, CT 06608

(203) 338-0615

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

9.54x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

25th percentile

-1.9%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

42nd percentile

-3.3%

Faster revenue growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$4,710,952

Down $91,777 (-1.9%) from 2019

Net Assets

Down

$34,857

Down $100,628 (-74%) from 2019

Liabilities

Up

$4,676,095

Up $8,851 (+0.2%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin15th percentile

Revenue

Down

$490,112

Down $16,919 (-3.3%) from 2019

Expenses

Up

$590,740

Up $6,815 (+1.2%) from 2019

Net Income

Down

-$100,628

Down $23,734 (-31%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $5,772,092Liabilities 2011: $4,661,684Net Assets 2011: $1,110,4082011Assets 2012: $5,686,498Liabilities 2012: $4,686,027Net Assets 2012: $1,000,4712012Assets 2013: $5,562,156Liabilities 2013: $4,687,122Net Assets 2013: $875,0342013Assets 2014: $5,382,212Liabilities 2014: $4,681,710Net Assets 2014: $700,5022014Assets 2015: $5,297,045Liabilities 2015: $4,690,645Net Assets 2015: $606,4002015Assets 2016: $5,126,590Liabilities 2016: $4,653,423Net Assets 2016: $473,1672016Assets 2017: $5,063,997Liabilities 2017: $4,688,573Net Assets 2017: $375,4242017Assets 2018: $4,978,862Liabilities 2018: $4,766,483Net Assets 2018: $212,3792018Assets 2019: $4,802,729Liabilities 2019: $4,667,244Net Assets 2019: $135,4852019Assets 2020: $4,710,952Liabilities 2020: $4,676,095Net Assets 2020: $34,8572020Assets 2021: $4,571,674Liabilities 2021: $4,679,775Net Assets 2021: -$108,1012021Assets 2022: $4,431,646Liabilities 2022: $4,696,065Net Assets 2022: -$264,4192022Assets 2023: $4,271,741Liabilities 2023: $4,697,619Net Assets 2023: -$425,8782023Assets 2024: $4,251,379Liabilities 2024: $4,753,941Net Assets 2024: -$502,5622024Assets 2025: $4,113,875Liabilities 2025: $4,748,407Net Assets 2025: -$634,5322025

Highlighted filing

2020

Assets$4,710,952
Liabilities$4,676,095
Net Assets$34,857
Open 2020 Filing

Operations Trend

Revenue Growth42nd percentile

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

$1.0M$500K$0-$500KRevenue 2011: $348,101Expenses 2011: $494,041Net Income 2011: -$145,9402011Revenue 2012: $376,289Expenses 2012: $486,226Net Income 2012: -$109,9372012Revenue 2013: $377,045Expenses 2013: $502,482Net Income 2013: -$125,4372013Revenue 2014: $368,228Expenses 2014: $542,760Net Income 2014: -$174,5322014Revenue 2015: $454,090Expenses 2015: $548,192Net Income 2015: -$94,1022015Revenue 2016: $420,483Expenses 2016: $553,716Net Income 2016: -$133,2332016Revenue 2017: $453,254Expenses 2017: $550,997Net Income 2017: -$97,7432017Revenue 2018: $469,575Expenses 2018: $632,620Net Income 2018: -$163,0452018Revenue 2019: $507,031Expenses 2019: $583,925Net Income 2019: -$76,8942019Revenue 2020: $490,112Expenses 2020: $590,740Net Income 2020: -$100,6282020Revenue 2021: $488,306Expenses 2021: $631,264Net Income 2021: -$142,9582021Revenue 2022: $479,156Expenses 2022: $635,474Net Income 2022: -$156,3182022Revenue 2023: $506,596Expenses 2023: $668,055Net Income 2023: -$161,4592023Revenue 2024: $607,196Expenses 2024: $683,880Net Income 2024: -$76,6842024Revenue 2025: $603,016Expenses 2025: $734,986Net Income 2025: -$131,9702025

Highlighted filing

2020

Revenue$490,112
Expenses$590,740
Net Income-$100,628
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 31, 2021
Return Version
2020v4.0
Gross Receipts
$490,112
Mission and Program Overview

Mission

HALL COMMONS, INC. was organized as a non-profit corporation in the State of Connecticut on April 9, 2001. As a non-profit corporation, no part of HALL COMMONS, INC.'s income or loss may accrue to the benefit of any members, director, officer or private individual. HALL COMMONS, INC., is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code.HALL COMMONS, INC.'s purpose is to provide housing to low-income, eligible senior citizens. The Project was completed on December 31, 2006 and consists of a 41 unit apartment complex located in Bridgeport, Connecticut. Occupancy (rental of units) began on February 1, 2007. Construction of the facility was funded by a U.S. Department of Housing and Urban Development (HUD) capital advance under the provisions of Section 202 and a grant from the State of Connecticut Department of Economic and Community Development (DECD). In return for the funding, HUD and DECD require the organization to maintain the project as low-inco

Hall commons, inc.'s purpose is to provide housing to low-income, eligible senior citizens. Construction of the facility was funded by a hud capital advance and a grant from the state of connecticut department of economic and community development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,377,221$4,220,134▼ $157,087
Savings and Temporary Cash Investments$330,157$425,557▲ $95,400
Cash and Non-Interest-Bearing Accounts$58,114$50,395▼ $7,719
Prepaid Expenses and Deferred Charges$12,099$12,988▲ $889
Accounts Receivable$25,138$1,878▼ $23,260
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,802,729$4,710,952▼ $91,777
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,613,000$4,613,000→ $0
Accounts Payable and Accrued Expenses$41,636$50,353▲ $8,717
Other Liabilities$12,608$12,742▲ $134
Total Liabilities$4,667,244$4,676,095▲ $8,851
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,705,419$1,705,419→ $0
Net Assets Without Donor Restrictions$-1,569,934$-1,670,562▼ $100,628
Total Net Assets Fund Balance$135,485$34,857▼ $100,628
Total Liabilities and Net Assets / Fund Balance$4,802,729$4,710,952▼ $91,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,204,674$2,312,436$6,517,110
Other Land Buildings$9,051$42,504$51,555
Equipment$6,209$11,436$17,645
Land$200-$200
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Donald GoodsonChairman
James NicholasVice Chair
Patricia MccrimmonDirector
Shawn ByrdDirector
Dr Vanessa LilesSecretary
Milton L Jackson SrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$489,467
Investment Income
$645
Other Revenue
$0
Change in Net Assets
$-100,628

Audited Revenue Reconciliation

Revenue per Audited Statements
$490,112
Total Revenue per Audited Statements
$490,112
Total Revenue per Form 990
$490,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$590,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$179,705--$179,705
Other Expenses$57,371--$57,371
Insurance$23,298--$23,298
Office Expenses$23,088--$23,088
All Other Expenses$10,987--$10,987
Total Functional Expenses$590,740$0$0$590,740

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$590,740
Total Expenses per Audited Statements$590,740
Total Expenses per Form 990$590,740
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$12,742
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, Line 3: Description of Delegated Duties to Management Company

“Managing agent retained to rent units, collect rents, oversee property maintenace, perform tenant certifications and annual redeterminations required by HUD, and maintain the books and records.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“After the annual audit is performed, the 990 is prepared and provided to all board members for review before filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Hall commons, inc.'s governing documents, policies and financial statements are maintained at its office located at 55 george e. Pipkin's way, bridgeport, ct and are available upon request.”

Filing and Contact Details

Filer

Filer Name
Hall Commons Inc
EIN
06-1618093
Phone
2033380615
Address
55 GEORGE E PIPKINS WAY, BRIDGEPORT, CT 06608

Signing Officer

Name
Donald Goodson
Title
Chairman
Signed
2021-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Goodson
Formed
2001
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Hope & Hernandez PC
Address
2600 Main Street, Bridgeport, CT 06606
Preparer
Robert J Bailey CPA
Phone
2033348035
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IRS990/OtherExpensesGrp/TotalAmt357371
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IRS990/PYProgramServiceRevenueAmt0506258
IRS990/PYRevenuesLessExpensesAmt0-76894
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-100628
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0330157
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0425557
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0773
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0227
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0329
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0508
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0489467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0506258
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0469348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0452925
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0419975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02337973
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0773
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0227
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0329
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0508
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02482
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt02337973
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0489467
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0506258
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02340455
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02312436
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06517110
IRS990ScheduleD/EquipmentGrp/BookValueAmt06209
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011436
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017645
IRS990ScheduleD/ExpensesSubtotalAmt0590740
IRS990ScheduleD/LandGrp/BookValueAmt0200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09051
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042504
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt051555
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueSubtotalAmt0490112
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04220134
IRS990ScheduleD/TotalExpensesPerForm990Amt0590740
IRS990ScheduleD/TotalLiabilityAmt012742
IRS990ScheduleD/TotalRevenuePerForm990Amt0490112
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0490112
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0590740
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Managing agent retained to rent units, collect rents, oversee property maintenace, perform tenant certifications and annual redeterminations required by HUD, and maintain the books and records.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER THE ANNUAL AUDIT IS PERFORMED, THE 990 IS PREPARED AND PROVIDED TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HALL COMMONS, INC.'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MAINTAINED AT ITS OFFICE LOCATED AT 55 GEORGE E. PIPKIN'S WAY, BRIDGEPORT, CT AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt04710952
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IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt0489467
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04802729
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt055 GEORGE E PIPKINS WAY
IRS990/USAddress/CityNm0BRIDGEPORT
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006608
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD GOODSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,710,952
Liabilities
$4,676,095
Net assets
$34,857
Revenue
$490,112
Expenses
$590,740
Net income
-$100,628
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.11$4.75$0.63$0.60$0.73$0.13
2024Detailed filing. Detailed filing data is available for this year.$4.25$4.75$0.50$0.61$0.68$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.27$4.70$0.43$0.51$0.67$0.16
2022Detailed filing. Detailed filing data is available for this year.$4.43$4.70$0.26$0.48$0.64$0.16
2021Detailed filing. Detailed filing data is available for this year.$4.57$4.68$0.11$0.49$0.63$0.14
2020Detailed filing. Detailed filing data is available for this year.$4.71$4.68$0.03$0.49$0.59$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.80$4.67$0.14$0.51$0.58$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.98$4.77$0.21$0.47$0.63$0.16
2017Summary only. Only limited summary data is available for this year.$5.06$4.69$0.38$0.45$0.55$0.10
2016Summary only. Only limited summary data is available for this year.$5.13$4.65$0.47$0.42$0.55$0.13
2015Summary only. Only limited summary data is available for this year.$5.30$4.69$0.61$0.45$0.55$0.09
2014Summary only. Only limited summary data is available for this year.$5.38$4.68$0.70$0.37$0.54$0.17
2013Summary only. Only limited summary data is available for this year.$5.56$4.69$0.88$0.38$0.50$0.13
2012Summary only. Only limited summary data is available for this year.$5.69$4.69$1.00$0.38$0.49$0.11
2011Summary only. Only limited summary data is available for this year.$5.77$4.66$1.11$0.35$0.49$0.15