Civic Intelligence

25 School Street Inc.

990 • Fiscal year 2014 • EIN 20-0747495

Jul 01, 2013 to Jun 30, 2014 • Filed on May 07, 2015

Organization Profilewww.rogerson.org
1 Florence StreetSuite02131

(617) 469-5800

Siviq Scores

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

Liabilities / Assets

94th percentile

1.06x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

16.54x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

10th percentile

-26%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

30th percentile

-1.8%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$8,163,120

Down $150,551 (-1.8%) from 2013

Net Assets

Down

-$513,223

Down $135,223 (-36%) from 2013

Liabilities

Down

$8,676,343

Down $15,328 (-0.2%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Up

$524,410

Up $86,369 (+20%) from 2013

Expenses

Up

$659,633

Up $34,068 (+5.4%) from 2013

Net Income

Up

-$135,223

Up $52,301 (+28%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $8,740,909Liabilities 2011: $8,696,069Net Assets 2011: $44,8402011Assets 2012: $8,499,194Liabilities 2012: $8,689,670Net Assets 2012: -$190,4762012Assets 2013: $8,313,671Liabilities 2013: $8,691,671Net Assets 2013: -$378,0002013Assets 2014: $8,163,120Liabilities 2014: $8,676,343Net Assets 2014: -$513,2232014Assets 2015: $7,938,323Liabilities 2015: $8,704,765Net Assets 2015: -$766,4422015Assets 2016: $7,739,679Liabilities 2016: $8,967,646Net Assets 2016: -$1,227,9672016Assets 2017: $7,471,511Liabilities 2017: $8,731,528Net Assets 2017: -$1,260,0172017Assets 2018: $7,284,328Liabilities 2018: $8,761,904Net Assets 2018: -$1,477,5762018Assets 2019: $7,011,288Liabilities 2019: $8,767,708Net Assets 2019: -$1,756,4202019Assets 2020: $6,790,634Liabilities 2020: $8,779,805Net Assets 2020: -$1,989,1712020Assets 2021: $6,557,250Liabilities 2021: $8,813,762Net Assets 2021: -$2,256,5122021Assets 2022: $6,320,041Liabilities 2022: $8,830,181Net Assets 2022: -$2,510,1402022Assets 2023: $6,231,126Liabilities 2023: $8,939,668Net Assets 2023: -$2,708,5422023Assets 2024: $5,990,570Liabilities 2024: $8,961,737Net Assets 2024: -$2,971,1672024

Highlighted filing

2014

Assets$8,163,120
Liabilities$8,676,343
Net Assets-$513,223
Open 2014 Filing

Operations Trend

Revenue Growth77th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $394,368Expenses 2011: $666,511Net Income 2011: -$272,1432011Revenue 2012: $413,622Expenses 2012: $648,938Net Income 2012: -$235,3162012Revenue 2013: $438,041Expenses 2013: $625,565Net Income 2013: -$187,5242013Revenue 2014: $524,410Expenses 2014: $659,633Net Income 2014: -$135,2232014Revenue 2015: $436,848Expenses 2015: $690,067Net Income 2015: -$253,2192015Revenue 2016: $443,220Expenses 2016: $904,745Net Income 2016: -$461,5252016Revenue 2017: $691,331Expenses 2017: $723,381Net Income 2017: -$32,0502017Revenue 2018: $474,353Expenses 2018: $691,912Net Income 2018: -$217,5592018Revenue 2019: $461,338Expenses 2019: $740,182Net Income 2019: -$278,8442019Revenue 2020: $492,285Expenses 2020: $725,036Net Income 2020: -$232,7512020Revenue 2021: $483,968Expenses 2021: $751,309Net Income 2021: -$267,3412021Revenue 2022: $479,552Expenses 2022: $733,180Net Income 2022: -$253,6282022Revenue 2023: $548,391Expenses 2023: $746,793Net Income 2023: -$198,4022023Revenue 2024: $535,910Expenses 2024: $798,535Net Income 2024: -$262,6252024

Highlighted filing

2014

Revenue$524,410
Expenses$659,633
Net Income-$135,223
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 7, 2015
Return Version
2013v4.0
Gross Receipts
$524,410
Mission and Program Overview

Mission

To engage in the development, construction, ownership and operation of a residential housing project under section 202 of the housing act of 1959.

To engage in the development, construction, ownership, and operation of a residential housing project under section 202 of the housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,928,596$7,766,995▼ $161,601
Cash and Non-Interest-Bearing Accounts$65,874$50,281▼ $15,593
Intangible Assets$13,106$12,391▼ $715
Prepaid Expenses and Deferred Charges$9,825$3,839▼ $5,986
Accounts Receivable$14,372$4▼ $14,368
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
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
Total Assets$8,313,671$8,163,120▼ $150,551
Other Assets Total$281,898$329,610▲ $47,712
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,415,660$8,394,764▼ $20,896
Other Liabilities$176,359$174,426▼ $1,933
Accounts Payable and Accrued Expenses$99,652$107,153▲ $7,501
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,691,671$8,676,343▼ $15,328
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-378,000$-513,223▼ $135,223
Total Net Assets Fund Balance$-378,000$-513,223▼ $135,223
Total Liabilities and Net Assets / Fund Balance$8,313,671$8,163,120▼ $150,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,413,810$1,522,485$8,936,295
Other Land Buildings$263,185$577,783$840,968
Land$90,000-$90,000
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Ms Thelma MooreVice President & Treasurer
Chreryl DorseyBoard Member
Marie E ColemanBoard Member
Rudolph R Russell JrBoard Member
Ms Nancy Emerson LombardoAssistant Clerk/secretary
Mr Richard BrownAssistant Treasurer
Ms Lillian CorbinClerk/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$523,965
Investment Income
$445
Other Revenue
$0
Change in Net Assets
$-135,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$524,410
Total Revenue per Audited Statements
$524,410
Total Revenue per Form 990
$524,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$558,187
Salaries, Compensation, and Employee Benefits$101,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$254,591--$254,591
Other Salaries and Wages$47,010$54,436-$101,446
All Other Expenses$96,524--$96,524
Other Expenses$49,260-$0$49,260
Fees for Services Management-$35,051-$35,051
Insurance$16,200--$16,200
Fees for Services Accounting$3,312$8,400-$11,712
Office Expenses-$10,414-$10,414
Fees for Services Legal$180--$180
Total Functional Expenses$551,332$108,301$0$659,633

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$659,633
Total Expenses per Audited Statements$659,633
Total Expenses per Form 990$659,633
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
Construction Payable$127,268
Misc. Current Liabilities$27,053
Security Deposit Liability$11,810
Prepaid Rent$5,565
Accrued Management Fee Payable$2,730
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

PART VI, SECTION B #12

“THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS.”

PART VI, SECTION C, #19

“The organization's governing documents and policies are available for public insprection at the organization's office during regular business hours upon request.”

Part VI, Section A, Line 11

“A draft of the form 990 is reviewed and authorized by a member of the board of directors prior to filing with the IRS.”

Part VI, Section A, Line 3

“DAY TO DAY OPERATIONS ARE MANAGED BY Rogerson Communities.”

Filing and Contact Details

Filer

EIN
20-0747495
In Care Of
% CHITRA SHARMA
Phone
6174695800

Signing Officer

Name
Chitra Sharma
Title
Member
Phone
6174695800
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Thier
Formed
2004
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Preparer
Philip H Cornblatt CPA
Phone
6174695800
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

“Description:utilities total expenses:73676 program services:73676”

Form 990 Part IX Line 24 - Other Expenses

“Description:other renting expenses total expenses:2105 program services:2105”

Form 990 Part IX Line 24 - Other Expenses

“Description:misc. Taxes & permits total expenses:125 program services:125”

Form 990 Part IX Line 24 - Other Expenses

“Description:bad debt expense total expenses:9281 program services:9281”

Form 990 Part IX Line 24 - Other Expenses

“Description:supplies total expenses:11337 program services:11337”

Financial Statement Notes

part X line 2

“25 School Street, Inc. has received a determination letter from the Internal Revenue Service (IRS) to be treated as a tax-exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2014. Due to its tax-exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Tax years still open for IRS examination of the Corporation are the years ended June 30, 2011, 2012 and 2013.”

Raw XML AppendixShowing 400 of 542 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/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09825
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03839
IRS990/PrincipalOfficerNm0Paula Thier
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1812300
IRS990/ProgramServiceRevenueGrp/BusinessCd2812300
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0428100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13590
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt292275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0428100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13590
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt292275
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0504
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0541229
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0437537
IRS990/PYRevenuesLessExpensesAmt0-187524
IRS990/PYSalariesCompEmpBnftPaidAmt084336
IRS990/PYTotalExpensesAmt0625565
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0438041
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-135223
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0523965
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0445
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0428
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0419
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0641
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0523965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0437537
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0413194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0388651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0363978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02127325
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0445
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0428
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0641
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02437
IRS990ScheduleA/InvestmentIncomeCYPct00.00112
IRS990ScheduleA/InvestmentIncomePYPct00.00102
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05298
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt051561
IRS990ScheduleA/OtherIncome509Grp/TotalAmt056859
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97288
IRS990ScheduleA/PublicSupportPY509Pct00.97150
IRS990ScheduleA/PublicSupportTotal509Amt02127325
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0523965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0437537
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0413194
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0388651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0363978
IRS990ScheduleA/Total509Grp/TotalAmt02127325
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0524410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0438041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0413622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0394368
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0416180
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02186621
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07413810
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01522485
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08936295
IRS990ScheduleD/ExpensesSubtotalAmt0659633
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt090000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0263185
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0577783
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0840968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0127268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt427053
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSTRUCTION PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4MISC. CURRENT LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0524410
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt025 School Street, Inc. has received a determination letter from the Internal Revenue Service (IRS) to be treated as a tax-exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2014. Due to its tax-exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Tax years still open for IRS examination of the Corporation are the years ended June 30, 2011, 2012 and 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0part X line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07766995
IRS990ScheduleD/TotalExpensesPerForm990Amt0659633
IRS990ScheduleD/TotalLiabilityAmt0174426
IRS990ScheduleD/TotalRevenuePerForm990Amt0524410
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0524410
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0659633
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPRECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A draft of the form 990 is reviewed and authorized by a member of the board of directors prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DAY TO DAY OPERATIONS ARE MANAGED BY Rogerson Communities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:UTILITIES TOTAL EXPENSES:73676 PROGRAM SERVICES:73676
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:OTHER RENTING EXPENSES TOTAL EXPENSES:2105 PROGRAM SERVICES:2105
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:MISC. TAXES & PERMITS TOTAL EXPENSES:125 PROGRAM SERVICES:125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:9281 PROGRAM SERVICES:9281
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:SUPPLIES TOTAL EXPENSES:11337 PROGRAM SERVICES:11337
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION B #12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION C, #19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section A, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$8,163,120
Liabilities
$8,676,343
Net assets
-$513,223
Revenue
$524,410
Expenses
$659,633
Net income
-$135,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$8.96$2.97$0.54$0.80$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$8.94$2.71$0.55$0.75$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.32$8.83$2.51$0.48$0.73$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.56$8.81$2.26$0.48$0.75$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$8.78$1.99$0.49$0.73$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.01$8.77$1.76$0.46$0.74$0.28
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.28$8.76$1.48$0.47$0.69$0.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$8.73$1.26$0.69$0.72$0.03
2016Summary only. Only limited summary data is available for this year.$7.74$8.97$1.23$0.44$0.90$0.46
2015Summary only. Only limited summary data is available for this year.$7.94$8.70$0.77$0.44$0.69$0.25
2014Detailed filing. Detailed filing data is available for this year.$8.16$8.68$0.51$0.52$0.66$0.14
2013Summary only. Only limited summary data is available for this year.$8.31$8.69$0.38$0.44$0.63$0.19
2012Summary only. Only limited summary data is available for this year.$8.50$8.69$0.19$0.41$0.65$0.24
2011Summary only. Only limited summary data is available for this year.$8.74$8.70$0.04$0.39$0.67$0.27