Civic Intelligence

704 Fhc LLC

990 • Fiscal year 2015 • EIN 20-1272402

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 25, 2016

Organization Profile
C/O Falmouth Housing CorpFalmouth, MA 02540

(508) 540-4009

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.12x

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

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

7.10x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Net Margin

26th percentile

-17%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Asset Growth

29th percentile

-3.8%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

8.2%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$5,593,870

Down $222,372 (-3.8%) from 2014

Net Assets

Down

-$668,639

Down $146,150 (-28%) from 2014

Liabilities

Down

$6,262,509

Down $76,222 (-1.2%) from 2014

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin26th percentile

Revenue

Up

$882,160

Up $67,181 (+8.2%) from 2014

Expenses

Up

$1,028,310

Up $54,149 (+5.6%) from 2014

Net Income

Up

-$146,150

Up $13,032 (+8.2%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $6,655,320Liabilities 2010: $6,611,635Net Assets 2010: $43,6852010Assets 2011: $6,479,975Liabilities 2011: $6,550,150Net Assets 2011: -$70,1752011Assets 2012: $6,304,081Liabilities 2012: $6,486,296Net Assets 2012: -$182,2152012Assets 2013: $5,985,667Liabilities 2013: $6,348,974Net Assets 2013: -$363,3072013Assets 2014: $5,816,242Liabilities 2014: $6,338,731Net Assets 2014: -$522,4892014Assets 2015: $5,593,870Liabilities 2015: $6,262,509Net Assets 2015: -$668,6392015Assets 2016: $5,430,046Liabilities 2016: $6,188,336Net Assets 2016: -$758,2902016Assets 2017: $5,255,838Liabilities 2017: $6,065,801Net Assets 2017: -$809,9632017Assets 2018: $5,076,465Liabilities 2018: $5,729,128Net Assets 2018: -$652,6632018Assets 2019: $4,833,300Liabilities 2019: $5,593,403Net Assets 2019: -$760,1032019Assets 2020: $4,677,082Liabilities 2020: $5,482,889Net Assets 2020: -$805,8072020Assets 2021: $4,539,003Liabilities 2021: $5,310,605Net Assets 2021: -$771,6022021Assets 2022: $4,421,705Liabilities 2022: $5,265,250Net Assets 2022: -$843,5452022Assets 2023: $4,392,123Liabilities 2023: $5,256,693Net Assets 2023: -$864,5702023Assets 2024: $4,413,639Liabilities 2024: $5,132,497Net Assets 2024: -$718,8582024

Highlighted filing

2015

Assets$5,593,870
Liabilities$6,262,509
Net Assets-$668,639
Open 2015 Filing

Operations Trend

Revenue Growth64th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $929,2032010Expenses 2011: $938,4302011Expenses 2012: $930,0612012Revenue 2013: $805,273Expenses 2013: $986,365Net Income 2013: -$181,0922013Revenue 2014: $814,979Expenses 2014: $974,161Net Income 2014: -$159,1822014Revenue 2015: $882,160Expenses 2015: $1,028,310Net Income 2015: -$146,1502015Revenue 2016: $867,867Expenses 2016: $957,519Net Income 2016: -$89,6522016Revenue 2017: $890,987Expenses 2017: $942,660Net Income 2017: -$51,6732017Revenue 2018: $917,306Expenses 2018: $972,517Net Income 2018: -$55,2112018Revenue 2019: $958,545Expenses 2019: $1,024,957Net Income 2019: -$66,4122019Revenue 2020: $987,908Expenses 2020: $1,033,612Net Income 2020: -$45,7042020Revenue 2021: $1,127,343Expenses 2021: $1,093,138Net Income 2021: $34,2052021Revenue 2022: $1,149,759Expenses 2022: $1,221,702Net Income 2022: -$71,9432022Revenue 2023: $1,275,853Expenses 2023: $1,296,878Net Income 2023: -$21,0252023Revenue 2024: $1,371,084Expenses 2024: $1,225,371Net Income 2024: $145,7132024

Highlighted filing

2015

Revenue$882,160
Expenses$1,028,310
Net Income-$146,150
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 25, 2016
Return Version
2015v2.1
Gross Receipts
$882,160
Mission and Program Overview

Mission

Educate, stimulate, research and provide affordable housing in the town of falmouth, ma

Educate, stimulate, research and provide affordable housing in the town of falmouth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,372,743$5,159,363▼ $213,380
Cash and Non-Interest-Bearing Accounts$149,971$166,755▲ $16,784
Prepaid Expenses and Deferred Charges$13,003$23,964▲ $10,961
Accounts Receivable$8,746$6,191▼ $2,555
Total Assets$5,816,242$5,593,870▼ $222,372
Other Assets Total$271,779$237,597▼ $34,182
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,164,138$6,084,736▼ $79,402
Other Liabilities$169,314$175,935▲ $6,621
Accounts Payable and Accrued Expenses$5,279$1,838▼ $3,441
Total Liabilities$6,338,731$6,262,509▼ $76,222
Net Assets / Fund Balance
Unrestricted Net Assets$-522,489$-668,639▼ $146,150
Total Net Assets Fund Balance$-522,489$-668,639▼ $146,150
Total Liabilities and Net Assets / Fund Balance$5,816,242$5,593,870▼ $222,372

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,116,388-$7,116,388
Land$696,500-$696,500
Equipment$53,122-$53,122
Other Land Buildings$-2,705,759$2,705,759-
Leasehold Improvements$-888$888-
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Linda ClarkPresident
Jessica Erickson WhritenourDirector
Michael RossettiDirector
Thomas LaceyDirector
Thomas LebachDirector
Frank K Duffy Jr EsqClerk
Eric T TurkingtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$808,586
Investment Income
$244
Other Revenue
$73,330
Change in Net Assets
$-146,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$882,160
Total Revenue per Audited Statements
$882,160
Total Revenue per Form 990
$882,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$953,302
Salaries, Compensation, and Employee Benefits$75,008
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$261,521--$261,521
Interest$211,191--$211,191
Fees for Services Management-$107,627-$107,627
Insurance$98,079--$98,079
Occupancy$91,104--$91,104
Other Salaries and Wages$69,226--$69,226
Other Expenses$25,295--$25,295
Payroll Taxes$5,782--$5,782
Fees for Services Accounting-$5,700-$5,700
Fees for Services Legal-$2,376-$2,376
Office Expenses$1,247--$1,247
Total Functional Expenses$912,607$115,703$0$1,028,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,028,310
Total Expenses per Audited Statements$1,028,310
Total Expenses per Form 990$1,028,310
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$175,935
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors will receive a copy of the form 990 filing via e-mail and have authorized the president to review and sign on their behalf.”

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

“Independent board members reviewed and approved the compensation of the key employees and documented the process in minutes of the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
704 Fhc LLC
EIN
20-1272402
Address
C/O FALMOUTH HOUSING CORP, FALMOUTH, MA 02540

Signing Officer

Name
Linda Clark
Title
President
Phone
5085404009
Signed
2016-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Clark
Formed
2005
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Sanders Walsh & Eaton Llp
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Michael J Walsh CPA
Phone
5084280790
Raw XML Appendix375 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL RECEIVE A COPY OF THE FORM 990 FILING VIA E-MAIL AND HAVE AUTHORIZED THE PRESIDENT TO REVIEW AND SIGN ON THEIR BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDEPENDENT BOARD MEMBERS REVIEWED AND APPROVED THE COMPENSATION OF THE KEY EMPLOYEES AND DOCUMENTED THE PROCESS IN MINUTES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FHC EDGERTON DRIVE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WOODS HOLE FHC LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043333866
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1202882615
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2471011169
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt27
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0704 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1704 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2704 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FALMOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1FALMOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2FALMOUTH
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002540
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102540
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd202540
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05816242
IRS990/TotalAssetsEOYAmt05593870
IRS990/TotalAssetsGrp/BOYAmt05816242
IRS990/TotalAssetsGrp/EOYAmt05593870
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0115703
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0912607
IRS990/TotalFunctionalExpensesGrp/TotalAmt01028310
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06338731
IRS990/TotalLiabilitiesEOYAmt06262509
IRS990/TotalLiabilitiesGrp/BOYAmt06338731
IRS990/TotalLiabilitiesGrp/EOYAmt06262509
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-522489
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-668639
IRS990/TotalProgramServiceExpensesAmt0912607
IRS990/TotalProgramServiceRevenueAmt0808586
IRS990/TotalRevenueGrp/ExclusionAmt0244
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0881916
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0882160
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05816242
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05593870
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-522489
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-668639
IRS990/USAddress/AddressLine1Txt0129 FALMOUTH HEIGHTS RD 20
IRS990/USAddress/CityNm0FALMOUTH
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002540
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05085404009
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0704 FHC LLC
ReturnHeader/Filer/BusinessNameControlTxt0704F
ReturnHeader/Filer/EIN0201272402
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O FALMOUTH HOUSING CORP
ReturnHeader/Filer/USAddress/CityNm0FALMOUTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002540
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043128198
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SANDERS WALSH & EATON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OSTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002655
ReturnHeader/PreparerPersonGrp/PhoneNum05084280790
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J WALSH CPA
ReturnHeader/ReturnTs02016-05-25T13:23:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,593,870
Liabilities
$6,262,509
Net assets
-$668,639
Revenue
$882,160
Expenses
$1,028,310
Net income
-$146,150
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.41$5.13$0.72$1.37$1.23$0.15
2023Detailed filing. Detailed filing data is available for this year.$4.39$5.26$0.86$1.28$1.30$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.42$5.27$0.84$1.15$1.22$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.54$5.31$0.77$1.13$1.09$0.03
2020Detailed filing. Detailed filing data is available for this year.$4.68$5.48$0.81$0.99$1.03$0.05
2019Detailed filing. Detailed filing data is available for this year.$4.83$5.59$0.76$0.96$1.02$0.07
2018Detailed filing. Detailed filing data is available for this year.$5.08$5.73$0.65$0.92$0.97$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.26$6.07$0.81$0.89$0.94$0.05
2016Detailed filing. Detailed filing data is available for this year.$5.43$6.19$0.76$0.87$0.96$0.09
2015Detailed filing. Detailed filing data is available for this year.$5.59$6.26$0.67$0.88$1.03$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.82$6.34$0.52$0.81$0.97$0.16
2013Detailed filing. Detailed filing data is available for this year.$5.99$6.35$0.36$0.81$0.99$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$6.49$0.18$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$6.55$0.07$0.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$6.61$0.04$0.93