Civic Intelligence

Marc Community Resources Ltd.

990 • Fiscal year 2016 • EIN 06-6011968

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 07, 2017

124 Washington StMiddletown, CT 06457

(860) 342-0700

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.47x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.26x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

46th percentile

1.1%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

34th percentile

$87,405

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

22nd percentile

-3.9%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

5.0%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,743,625

Down $152,871 (-3.9%) from 2015

Net Assets

Up

$1,997,075

Up $41,321 (+2.1%) from 2015

Liabilities

Down

$1,746,550

Down $194,192 (-10%) from 2015

Revenue

Up

$6,653,494

Up $314,426 (+5.0%) from 2015

Expenses

Up

$6,581,159

Up $333,044 (+5.3%) from 2015

Net Income

Down

$72,335

Down $18,618 (-20%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,660,045Liabilities 2010: $2,283,603Net Assets 2010: $1,376,4422010Assets 2011: $3,671,574Liabilities 2011: $1,764,857Net Assets 2011: $1,906,7172011Assets 2012: $3,656,359Liabilities 2012: $1,716,235Net Assets 2012: $1,940,1242012Assets 2013: $3,438,715Liabilities 2013: $1,528,224Net Assets 2013: $1,910,4912013Assets 2014: $3,814,446Liabilities 2014: $1,943,365Net Assets 2014: $1,871,0812014Assets 2015: $3,896,496Liabilities 2015: $1,940,742Net Assets 2015: $1,955,7542015Assets 2016: $3,743,625Liabilities 2016: $1,746,550Net Assets 2016: $1,997,0752016Assets 2017: $4,279,572Liabilities 2017: $2,270,228Net Assets 2017: $2,009,3442017Assets 2018: $4,248,402Liabilities 2018: $2,081,927Net Assets 2018: $2,166,4752018Assets 2019: $4,436,475Liabilities 2019: $2,022,736Net Assets 2019: $2,413,7392019Assets 2020: $8,755,633Liabilities 2020: $5,969,427Net Assets 2020: $2,786,2062020Assets 2021: $9,797,984Liabilities 2021: $5,578,793Net Assets 2021: $4,219,1912021Assets 2022: $8,556,870Liabilities 2022: $4,546,260Net Assets 2022: $4,010,6102022Assets 2023: $8,783,893Liabilities 2023: $4,865,067Net Assets 2023: $3,918,8262023Assets 2024: $8,602,534Liabilities 2024: $4,769,822Net Assets 2024: $3,832,7122024

Highlighted filing

2016

Assets$3,743,625
Liabilities$1,746,550
Net Assets$1,997,075

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,005,5762010Expenses 2011: $4,996,9272011Expenses 2012: $5,204,7382012Revenue 2013: $5,394,445Expenses 2013: $5,420,851Net Income 2013: -$26,4062013Revenue 2014: $5,826,454Expenses 2014: $5,882,906Net Income 2014: -$56,4522014Revenue 2015: $6,339,068Expenses 2015: $6,248,115Net Income 2015: $90,9532015Revenue 2016: $6,653,494Expenses 2016: $6,581,159Net Income 2016: $72,3352016Revenue 2017: $6,718,183Expenses 2017: $6,732,930Net Income 2017: -$14,7472017Revenue 2018: $6,872,011Expenses 2018: $6,722,192Net Income 2018: $149,8192018Revenue 2019: $7,369,362Expenses 2019: $7,117,927Net Income 2019: $251,4352019Revenue 2020: $8,741,689Expenses 2020: $8,369,840Net Income 2020: $371,8492020Revenue 2021: $9,676,573Expenses 2021: $8,249,366Net Income 2021: $1,427,2072021Revenue 2022: $9,275,360Expenses 2022: $9,422,258Net Income 2022: -$146,8982022Revenue 2023: $10,800,809Expenses 2023: $10,910,678Net Income 2023: -$109,8692023Revenue 2024: $11,346,823Expenses 2024: $11,507,231Net Income 2024: -$160,4082024

Highlighted filing

2016

Revenue$6,653,494
Expenses$6,581,159
Net Income$72,335
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 7, 2017
Return Version
2015v3.0
Gross Receipts
$6,662,038
Mission and Program Overview

Mission

Founded in 1955, marc: community resources provides an array of support and services to adults and children with intellectual disabilities and their families throughout connecticut. The mission is to empower adults and children with intellectual and developmental disabilities to realize their dreams and make choices about their lives. To honor and help fulfill these dreams marc provides people with choices for housing, employment and social/recreational life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,182,155$2,169,842▼ $12,313
Investments in Publicly Traded Securities$501,032$478,999▼ $22,033
Savings and Temporary Cash Investments$616,282$462,080▼ $154,202
Accounts Receivable$387,190$448,644▲ $61,454
Prepaid Expenses and Deferred Charges$135,492$89,815▼ $45,677
Cash and Non-Interest-Bearing Accounts$65,593$74,829▲ $9,236
Total Assets$3,896,496$3,743,625▼ $152,871
Other Assets Total$8,752$19,416▲ $10,664
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,147,992$1,127,731▼ $20,261
Accounts Payable and Accrued Expenses$744,920$529,437▼ $215,483
Other Liabilities$47,830$89,382▲ $41,552
Total Liabilities$1,940,742$1,746,550▼ $194,192
Net Assets / Fund Balance
Unrestricted Net Assets$1,930,129$1,935,092▲ $4,963
Temporarily Rstr Net Assets$25,625$61,983▲ $36,358
Total Net Assets Fund Balance$1,955,754$1,997,075▲ $41,321
Total Liabilities and Net Assets / Fund Balance$3,896,496$3,743,625▼ $152,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,176,077$1,293,762$2,469,839
Equipment$282,630$917,488$1,200,118
Land$691,660-$691,660
Leasehold Improvements$19,475$45,009$64,484
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen M RettenmeierDirector ofFT$78,925$8,480$87,405
Linda IovannaCEOFT$56,778$6,368$63,146

Board Members and Trustees

NameTitle
Allen StanwixChairperson
Andrew StuerzelDirector
Brenda SimmonsDirector
Brian CorvoDirector
Dave AudetteDirector
Deb PetruzzelloDirector
Joe SantanielloDirector
Linda WordenDirector
Patti JatkeviciusDirector
Rich KnotekDirector
Yvette Highsmith-francisDirector
Al Stantostefano1st Vice Ch
Brigitte Bourret2nd Vice Ch
Nancy CroninImmediate Pa
Alan SchumannSecretary
Larry GrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,191,612
Program Service Revenue
$431,294
Investment Income
$26,288
Other Revenue
$4,300
All Other Contributions
$99,195
Change in Net Assets
$72,335

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,653,494
Revenue Not Reported on Form 990
$-13,494
Total Revenue per Audited Statements
$6,640,000
Total Revenue per Form 990
$6,653,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,860,534
Other Expenses$1,720,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,093,707$352,630-$3,446,337
Other Employee Benefits$646,442$72,631-$719,073
Payroll Taxes$271,292$31,828-$303,120
Fees for Services Other$102,487$159,572-$262,059
Depreciation Depletion$190,265$17,871-$208,136
Pension Plan Contributions$182,127$21,367-$203,494
Occupancy$191,330--$191,330
Current Officers, Directors, Trustees, and Key Employees$169,659$18,851-$188,510
Information Technology$108,445--$108,445
Other Expenses$92,292$4,602-$96,894
All Other Expenses$44,075$28,716-$72,791
Interest$47,740$17,628-$65,368
Office Expenses$46,679$17,835-$64,514
Insurance$29,561$12,467-$42,028
Advertising$4,699$2,851-$7,550
Conferences and Meetings-$4,481-$4,481
Total Functional Expenses$5,812,876$768,283$0$6,581,159

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,598,679
Expenses per Audited Statements$6,581,159
Total Expenses per Form 990$6,581,159
Expenses Not Reported on Form 990$17,520
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,544
Fundraising Gross Income$8,544
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tip a Firefight$13,746---
Wine Tasting Ev$44,488$8,544$8,544$0
Total Events$58,234$8,544$8,544-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Dds Cash Advance$89,382
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has two (2) categories of membership. "category a" members include individuals, families and single entity members. "category b" members include employees, staff and their immediate family members. Category a members the right to elect directors of the organization.

Form 990, Page 6, Part VI, Line 7A

All members whose annual dues are paid in full shall be considered in "good standing". Failure to be a member in good standing means that the member is disqualified from exercising any rights of being a member. Each individual member, family member and single entity member is entitled to one vote on each matter submitted for action. Voting shall be in person only.

Form 990, Page 6, Part VI, Line 7B

"category a" members (voting rights) have the right to vote on any proposed dissolution of the organization; approve sale of a substantial amount of the corporation's assets; approve any amendment to the organization's certificate of incorporation. All members whose annual dues are paid in full shall be considered in "good standing". Failure to be a member in good standing means that the member is disqualified from exercising any rights of being a member. Each individual member, family member and single entity member is entitled to one vote on each matter submitted for action. Voting shall be in person only.

Form 990, Page 6, Part VI, Line 11B

Each member of the board receives a copy of the 990 for review before filing.

Form 990, Page 6, Part VI, Line 12C

Board members and key employees annually disclose any conflict of interest with the organization.

Form 990, Page 6, Part VI, Line 15A

The ceo completes a self-evaluation that is submitted to the chairman of the board. The chairman of the board completes a written evaluation on the ceo. Based on the chairman's written evaluation, the board of directors determines the ceo's compensation for the following year.

Form 990, Page 6, Part VI, Line 15B

Key employees are compensated based on a written merit evaluation which is based on ccpa surveys.

Form 990, Page 6, Part VI, Line 19

All governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Marc Community Resources Ltd
EIN
06-6011968
Phone
8603420700
Address
124 WASHINGTON ST, MIDDLETOWN, CT 06457

Signing Officer

Name
Linda Iovanna
Title
CEO
Phone
8603420700
Signed
2017-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Iovanna
Formed
1956
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
242

Preparer

Firm
Guilmartin Dipiro & Sokolowski LLC
Address
505 MAIN ST, MIDDLETOWN, CT 06457-2809
Preparer
Christopher B Conley
Phone
8603475689
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Founded in 1955, marc: community resources provides an array of support and services to adults and children with intellectual disabilities and their families throughout connecticut. The mission is to empower adults and children with intellectual and developmental disabilities to realize their dreams and make choices about their lives. To honor and help fulfill these dreams marc provides people with choices for housing, employment and social/recreational life.

Form 990, Page 2, Part III, Line 4D

Recreation and other programs-providing recreational and other programs for developmentally disabled persons.

Form 990, Part XI, Line 9

Net assets released from restriction 8,976 fundraising 8,544 net assets released from restriction -8,976 fundraising -8,544

Financial Statement Notes

Schedule D, Page 3, Part X

Marc has received exemption from federal income tax under section 501(c)(3) of the internal revenue code. Marc has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a) (vi). Management has reviewed marc's reporting and believe they have not taken tax positions that are more likely than not to be determined to be incorrect by the internal revenue service and therefore no adjustments or disclosures are required. Marc's informational returns for fiscal years ended after june 30, 2012 remain open to inspection by the internal revenue service.

Schedule D, Page 4, Part XI, Line 2D

Net assets released from restriction 8,976 fundraising 8,544

Schedule D, Page 4, Part XII, Line 2D

Net assets released from restriction 8,976 fundraising 8,544

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 25,612
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.60$4.77$3.83$11.3$11.5$0.16
2023Detailed filing. Detailed filing data is available for this year.$8.78$4.87$3.92$10.8$10.9$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.56$4.55$4.01$9.28$9.42$0.15
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$9.80$5.58$4.22$9.68$8.25$1.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.76$5.97$2.79$8.74$8.37$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$2.02$2.41$7.37$7.12$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$2.08$2.17$6.87$6.72$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$2.27$2.01$6.72$6.73$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.74$1.75$2.00$6.65$6.58$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$1.94$1.96$6.34$6.25$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.81$1.94$1.87$5.83$5.88$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$1.53$1.91$5.39$5.42$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$1.72$1.94$5.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$1.76$1.91$5.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$2.28$1.38$5.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $5M-$10M nonprofits