Civic Intelligence

Build with Purpose Inc

990 • Fiscal year 2015 • EIN 14-1882064

Oct 01, 2014 to Sep 30, 2015 • Filed on Jun 16, 2016

Organization ProfileWWW.BWPURPOSE.ORG
101 Seymour AveEdison, NJ 08817

(732) 635-1000

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.72x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

7.28x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

6th percentile

-46%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$175,911

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

10th percentile

-9.0%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

33%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$16,989,432

Down $1,673,784 (-9.0%) from 2014

Net Assets

Down

$4,815,748

Down $1,056,839 (-18%) from 2014

Liabilities

Down

$12,173,684

Down $616,945 (-4.8%) from 2014

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin6th percentile

Revenue

Up

$1,672,101

Up $418,919 (+33%) from 2014

Expenses

Up

$2,438,940

Up $569,229 (+30%) from 2014

Net Income

Down

-$766,839

Down $150,310 (-24%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth10th 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 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

2015

Assets$16,989,432
Liabilities$12,173,684
Net Assets$4,815,748
Open 2015 Filing

Operations Trend

Revenue Growth87th 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 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

2015

Revenue$1,672,101
Expenses$2,438,940
Net Income-$766,839
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jun 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,672,101
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$8,010,464$7,270,538▼ $739,926
Savings and Temporary Cash Investments$3,735,000$1,585,279▼ $2,149,721
Intangible Assets$401,652$387,667▼ $13,985
Cash and Non-Interest-Bearing Accounts$662,064$99,196▼ $562,868
Other Notes and Loans Receivable, Net$5,557$0▼ $5,557
Accounts Receivable$6,311$4,266▼ $2,045
Pledges and Grants Receivable$0$0→ $0
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$18,663,216$16,989,432▼ $1,673,784
Other Assets Total$5,842,168$7,642,486▲ $1,800,318
Liabilities
Tax Exempt Bond Liabilities$10,010,000$9,930,000▼ $80,000
Mortgage Notes Payable Secured by Investment Property$1,161,612$1,193,186▲ $31,574
Deferred Revenue$512,295$425,318▼ $86,977
Accounts Payable and Accrued Expenses$733,208$298,243▼ $434,965
Other Liabilities$248,732$202,155▼ $46,577
Unsecured Notes Loans Payable$124,782$124,782→ $0
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$12,790,629$12,173,684▼ $616,945
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,960,295$8,070,009▲ $109,714
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,087,708$-3,254,261▼ $1,166,553
Total Net Assets Fund Balance$5,872,587$4,815,748▼ $1,056,839
Total Liabilities and Net Assets / Fund Balance$18,663,216$16,989,432▼ $1,673,784

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,030,373$392,877$7,423,250
Other Land Buildings$34,353$162,252$197,605
Buildings$105,812$26,913$132,725
Land$100,000-$100,000
Equipment--$0
Other Assets Org$225,000--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian KeenanPresidentFT$149,722$26,189$175,911
Candace FaunceCFOFT$133,476$35,428$168,904
Eric FelczakProject ManagerFT$124,922$9,421$134,343

Board Members and Trustees

NameTitle
Steven RamizaChair
Bill G Vreeland IiiTrustee
L David RicciTrustee
Keith TimkoSecretary
Jenny-ann KershnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,413
Program Service Revenue
$1,400,360
Investment Income
$122,585
Other Revenue
$743
All Other Contributions
$148,413
Change in Net Assets
$-766,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,606,371
Salaries, Compensation, and Employee Benefits$832,569
Total Fundraising Expense$50,987
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$634,946$4,293$1,431$640,670
Other Salaries and Wages$318,840$49,834$15,737$384,411
Occupancy$366,653$10,989$3,470$381,112
Depreciation Depletion$317,058$3,855$3,855$324,768
Current Officers, Directors, Trustees, and Key Employees$246,837$38,580$12,183$297,600
Payroll Taxes$58,327$22,550$7,122$87,999
Office Expenses$71,179$11,642$4,591$87,412
Fees for Services Other$41,930$25,573$534$68,037
Other Employee Benefits$62,559--$62,559
Insurance$36,389$7,040$1,347$44,776
Other Expenses$2,670$734$717$4,121
Total Functional Expenses$2,212,863$175,090$50,987$2,438,940
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$167,957
Intercompany Payable$34,198

Bond Issues

BondIssuerIssuedIssue PricePurpose
CNew Jersey Economic Development Authority2013-02-28$4,120,000Proceeds to be used for constructi
DNew Jersey Economic Development Authority2013-02-28$2,395,000Proceeds to be used for constructi
BNew Jersey Economic Development Authority2013-02-28$2,390,000Proceeds to be used for constructi
ANew Jersey Economic Development Authority2013-02-28$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

Filer Name
Build With Purpose
EIN
14-1882064
In Care Of
% CANDACE FAUNCE
Phone
7326351000
Address
101 SEYMOUR AVE, EDISON, NJ 08817

Signing Officer

Name
Brian Kennan
Title
President
Phone
7326351000
Signed
2016-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Keenan
Formed
2003
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
5
Employees
20
Volunteers
5

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
James Decker
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

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

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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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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/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/OfficeExpensesGrp/FundraisingAmt04591
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011642
IRS990/OfficeExpensesGrp/ProgramServicesAmt071179
IRS990/OfficeExpensesGrp/TotalAmt087412
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IRS990/OnBehalfOfIssuerInd0false
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt07642486
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062559
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062559
IRS990/OtherExpensesGrp/Desc0PROJECT RELATED EXPENSES
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IRS990/OtherExpensesGrp/FundraisingAmt0717
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0734
IRS990/OtherExpensesGrp/ProgramServicesAmt055475
IRS990/OtherExpensesGrp/ProgramServicesAmt12670
IRS990/OtherExpensesGrp/TotalAmt055475
IRS990/OtherExpensesGrp/TotalAmt14121
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015737
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049834
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0384411
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07122
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022550
IRS990/PayrollTaxesGrp/ProgramServicesAmt058327
IRS990/PayrollTaxesGrp/TotalAmt087999
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BRIAN KEENAN
IRS990/PriorPeriodAdjustmentsAmt0-290000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING AND PROJECT FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM BASED RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052630
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11347730
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11347730
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0152155
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017641
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01086051
IRS990/PYOtherRevenueAmt0429446
IRS990/PYProgramServiceRevenueAmt0653940
IRS990/PYRevenuesLessExpensesAmt0-616529
IRS990/PYSalariesCompEmpBnftPaidAmt0783660
IRS990/PYTotalExpensesAmt01869711
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01253182
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-766839
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01400360
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03735000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01585279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0148413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0152155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04712129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03387899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0117795
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08518391
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05083
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IRS990ScheduleA/TotalSupportAmt08787463
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07423250

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,989,432
Liabilities
$12,173,684
Net assets
$4,815,748
Revenue
$1,672,101
Expenses
$2,438,940
Net income
-$766,839
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
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