Civic Intelligence

Build with Purpose Inc

990 • Fiscal year 2014 • EIN 14-1882064

Oct 01, 2013 to Sep 30, 2014 • Filed on Jun 15, 2015

Organization ProfileWWW.BWPURPOSE.ORG
224 Main StreetSuite08840-2728

(732) 635-1000

Siviq Scores

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

Liabilities / Assets

81st percentile

0.69x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

10.21x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

5th percentile

-49%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

51st percentile

$173,043

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

24th percentile

-2.4%

Faster asset growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-79%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets81st percentile

Assets

Flat

$18,663,216

Flat from 2014

Net Assets

Flat

$5,872,587

Flat from 2014

Liabilities

Flat

$12,790,629

Flat from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin5th percentile

Revenue

Flat

$1,253,182

Flat from 2014

Expenses

Flat

$1,869,711

Flat from 2014

Net Income

Flat

-$616,529

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $5,785,864Liabilities 2010: $5,710,287Net Assets 2010: $75,5772010Assets 2011: $4,316,259Liabilities 2011: $4,215,429Net Assets 2011: $100,8302011Assets 2012: $5,000,227Liabilities 2012: $1,999,589Net Assets 2012: $3,000,6382012Assets 2013: $19,118,202Liabilities 2013: $12,602,141Net Assets 2013: $6,516,0612013Assets 2014: $18,663,216Liabilities 2014: $12,790,629Net Assets 2014: $5,872,5872014Assets 2014: $18,663,216Liabilities 2014: $12,790,629Net Assets 2014: $5,872,5872014Assets 2015: $16,989,432Liabilities 2015: $12,173,684Net Assets 2015: $4,815,7482015Assets 2016: $17,256,799Liabilities 2016: $12,205,676Net Assets 2016: $5,051,1232016Assets 2017: $9,336,493Liabilities 2017: $787,938Net Assets 2017: $8,548,5552017Assets 2018: $9,260,022Liabilities 2018: $385,614Net Assets 2018: $8,874,4082018Assets 2019: $9,474,267Liabilities 2019: $578,090Net Assets 2019: $8,896,1772019Assets 2024: $8,806,518Liabilities 2024: $0Net Assets 2024: $8,806,5182024

Highlighted filing

2014

Assets$18,663,216
Liabilities$12,790,629
Net Assets$5,872,587
Open 2014 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,590,4032010Revenue 2011: $1,568,918Expenses 2011: $1,543,665Net Income 2011: $25,2532011Revenue 2012: $5,078,619Expenses 2012: $2,178,811Net Income 2012: $2,899,8082012Revenue 2013: $5,956,688Expenses 2013: $2,355,903Net Income 2013: $3,600,7852013Revenue 2014: $1,253,182Expenses 2014: $1,869,711Net Income 2014: -$616,5292014Revenue 2014: $1,253,182Expenses 2014: $1,869,711Net Income 2014: -$616,5292014Revenue 2015: $1,672,101Expenses 2015: $2,438,940Net Income 2015: -$766,8392015Revenue 2016: $2,262,920Expenses 2016: $2,370,145Net Income 2016: -$107,2252016Revenue 2017: $563,279Expenses 2017: $1,046,848Net Income 2017: -$483,5692017Revenue 2018: $116,168Expenses 2018: $28,031Net Income 2018: $88,1372018Revenue 2019: $26,376Expenses 2019: $4,607Net Income 2019: $21,7692019Revenue 2024: $496,730Expenses 2024: $135,280Net Income 2024: $361,4502024

Highlighted filing

2014

Revenue$1,253,182
Expenses$1,869,711
Net Income-$616,529
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jun 15, 2015
Return Version
2013v4.0
Gross Receipts
$4,969,375
Mission and Program Overview

Mission

The corporation shall be operated for the benefit of the public to provide real estate development and consulting services with a focus on community and economic development. (see schedule o)

Provide real estate development and consulting services with a focus on community and economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$266,577$8,010,464▲ $7,743,887
Pledges and Grants Receivable$8,000,000$0▼ $8,000,000
Savings and Temporary Cash Investments$7,944,030$3,735,000▼ $4,209,030
Cash and Non-Interest-Bearing Accounts$32,173$662,064▲ $629,891
Intangible Assets$0$401,652▲ $401,652
Accounts Receivable$103,262$6,311▼ $96,951
Other Notes and Loans Receivable, Net$110,251$5,557▼ $104,694
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$19,118,202$18,663,216▼ $454,986
Other Assets Total$2,661,909$5,842,168▲ $3,180,259
Liabilities
Tax Exempt Bond Liabilities$9,620,000$10,010,000▲ $390,000
Mortgage Notes Payable Secured by Investment Property$1,004,026$1,161,612▲ $157,586
Accounts Payable and Accrued Expenses$733,844$733,208▼ $636
Deferred Revenue$34,175$512,295▲ $478,120
Other Liabilities$268,549$248,732▼ $19,817
Unsecured Notes Loans Payable$941,547$124,782▼ $816,765
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$12,602,141$12,790,629▲ $188,488
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,000,000$7,960,295▼ $39,705
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,483,939$-2,087,708▼ $603,769
Total Net Assets Fund Balance$6,516,061$5,872,587▼ $643,474
Total Liabilities and Net Assets / Fund Balance$19,118,202$18,663,216▼ $454,986

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,818,921$171,544$7,990,465
Other Land Buildings$65,991$118,525$184,516
Buildings$114,660$18,065$132,725
Land$10,000-$100,000
Equipment$892$12,197$13,089
Other Assets Org$1,553,731--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian KeenanPresidentFT$150,000$23,043$173,043
Keith TimkoCEO & Assistant SecretaryFT$92,500$21,323$113,823

Board Members and Trustees

NameTitle
Catherine SysloChair
Bill G Vreeland IiiTrustee
David M ScheckTrustee
Jennifer Langer JacobsTrustee
L David RicciTrustee
Jenny-ann KershnerSecretary
Jason KirinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Peerless Contractors LLCContracting-$175,641
Revenue and Support

Revenue Composition

Contributions and Grants
$152,155
Program Service Revenue
$653,940
Investment Income
$17,641
Other Revenue
$429,446
All Other Contributions
$152,155
Change in Net Assets
$-616,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,086,051
Salaries, Compensation, and Employee Benefits$783,660
Total Fundraising Expense$53,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$377,798$65,420$23,089$466,307
Interest$294,450$2,393$798$297,641
Depreciation Depletion$189,914$3,089$3,089$196,092
Fees for Services Other$177,981$13,675$150$191,806
Current Officers, Directors, Trustees, and Key Employees$149,081$26,056$9,196$184,333
Occupancy$133,615$10,486$3,706$147,807
Payroll Taxes$104,837$20,831$7,352$133,020
Other Expenses$56,391$1,781$1,092$59,264
Office Expenses$43,064$1,777$1,777$46,618
Insurance$22,910$5,159$980$29,049
Travel$12,434--$12,434
Conferences and Meetings$3,582--$3,582
All Other Expenses$760--$760
Total Functional Expenses$1,657,545$158,258$53,908$1,869,711
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Security Deposits$168,566
Intercompany Payable$80,166

Bond Issues

BondIssuerIssuedIssue PricePurpose
C22-20458172013-02-28$4,120,000Proceeds to be used for constructi
D22-20458172013-02-28$2,395,000Proceeds to be used for constructi
B22-20458172013-02-28$2,390,000Proceeds to be used for constructi
A22-20458172013-02-28$715,000Proceeds to be used for constructi

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$4,120,000$0$0$168,003
B$2,930,000$0$0$97,348
D$2,395,000$0$0$97,740
A$715,000$0$0$29,440

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“Members of the board of trustees review and approve the form 990 information return prior to filing with the irs.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Board members are required to complete conflict of interest statements annually. Prior to decisions on a matter, board members are reminded to disclose any conflicts and recuse themselves should they have a personal interest in a decision.”

FORM 990, PART VI, SECTION B, LINE 15:

“The president's and ceo's compensation is reviewed annually and adjusted to ensure that the salary is consistent with the leadership of similary sized organizations utilizing salary data from other organizations' forms 990 and the board's industry knowledge.”

FORM 990, PART VI, SECTION C, LINE 19:

“Required documents are available upon request.”

Filing and Contact Details

Filer

EIN
14-1882064
In Care Of
% CANDACE FAUNCE
Phone
7326351000

Signing Officer

Name
Brian Kennan
Title
President
Phone
7326351000
Signed
2015-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Keenan
Formed
2003
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
7
Employees
15
Volunteers
8

Preparer

Preparer
James Decker
Phone
7326351000
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“The organization has adopted the acconting pronouncement that provides guidance on uncertain tax positions. The organization had no unrecognized tax benefits at sepetember 30, 2014 or 2013. In addition, the organization has no income tax related penalties or interest for the periods reported in these consolidated financial statements.”

Raw XML AppendixShowing 400 of 871 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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IRS990/Desc0BUILD WITH PURPOSE, INC. AND ITS SUBSIDIARIES WORK TO BUILD SUSTAINABLE ORGANIZATIONS AND HEALTHY, VIBRANT COMMUNITIES THROUGH REAL ESTATE DEVELOPMENT AND OPERATION. BUILD WITH PURPOSE PROVIDES GUIDANCE AND DIRECT DEVELOPMENT ASSISTANCE ON FACILITY PROJECTS PRIMARILY TO OTHER TAX EXEMPT ORGANIZATIONS.
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0The corporation shall be operated for the benefit of the public. The specific objectives of the corporation are: (a) To prevent or reverse the deterioration of low and moderate-income, substandard, or economically depressed neighborhoods and assist in the development of the economic self-sufficiency of low and moderate-income and other disadvantaged individuals living and working in New Jersey, New York, Delaware, or any other state deemed appropriate by Board of Trustees; (b) To provide, develop, promote, sponsor, manage and administer services and programs designed to redevelop and revitalize low and moderate-income communities in New Jersey, New York, Pennsylvania, Delaware, or any other state deemed appropriate by the Board of trustees; (c) To assist government and other corporation corporations, religious organizations and community-based organizations, as well as residents in low-income communities, in the planning, development, management and financing of real estate development
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IRS990/NetUnrlzdGainsLossesInvstAmt0-26945
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IRS990/OccupancyGrp/FundraisingAmt03706
IRS990/OccupancyGrp/ManagementAndGeneralAmt010486
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IRS990/OfficeExpensesGrp/FundraisingAmt01777
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IRS990/OfficeExpensesGrp/TotalAmt046618
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt05842168
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROJECT ADMINISTRATION
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
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IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMENT
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IRS990/OtherExpensesGrp/FundraisingAmt11092
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07591
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IRS990/OtherExpensesGrp/ProgramServicesAmt14890
IRS990/OtherExpensesGrp/ProgramServicesAmt27767
IRS990/OtherExpensesGrp/ProgramServicesAmt356391
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IRS990/OtherExpensesGrp/TotalAmt14890
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IRS990/OtherRevenueTotalAmt0429446
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023089
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065420
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0377798
IRS990/OtherSalariesAndWagesGrp/TotalAmt0466307
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0110251
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05557
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07352
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020831
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104837
IRS990/PayrollTaxesGrp/TotalAmt0133020
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08000000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BRIAN KEENAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING AND PROJECT FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1480761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0173179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1480761
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYContributionsGrantsAmt04712129
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09424
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01668361
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01235135
IRS990/PYRevenuesLessExpensesAmt03600785
IRS990/PYSalariesCompEmpBnftPaidAmt0687542
IRS990/PYTotalExpensesAmt02355903
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05956688
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RevenueAmt01083386
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,663,216
Liabilities
$12,790,629
Net assets
$5,872,587
Revenue
$1,253,182
Expenses
$1,869,711
Net income
-$616,529
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.81$0.00$8.81$0.50$0.14$0.36
2019Summary only. Only limited summary data is available for this year.$9.47$0.58$8.90$0.03$0.00$0.02
2018Summary only. Only limited summary data is available for this year.$9.26$0.39$8.87$0.12$0.03$0.09
2017Summary only. Only limited summary data is available for this year.$9.34$0.79$8.55$0.56$1.05$0.48
2016Detailed filing. Detailed filing data is available for this year.$17.3$12.2$5.05$2.26$2.37$0.11
2015Detailed filing. Detailed filing data is available for this year.$17.0$12.2$4.82$1.67$2.44$0.77
2014Detailed filing. Detailed filing data is available for this year.$18.7$12.8$5.87$1.25$1.87$0.62
2014Summary only. Only limited summary data is available for this year.$18.7$12.8$5.87$1.25$1.87$0.62
2013Summary only. Only limited summary data is available for this year.$19.1$12.6$6.52$5.96$2.36$3.60
2012Summary only. Only limited summary data is available for this year.$5.00$2.00$3.00$5.08$2.18$2.90
2011Summary only. Only limited summary data is available for this year.$4.32$4.22$0.10$1.57$1.54$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.79$5.71$0.08$1.59