Civic Intelligence

Project Beginnings I Inc.

990 • Fiscal year 2020 • EIN 20-4580301

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 28, 2021

Refreshing map…

564 Diagonal RoadAkron, OH 44320-3010

(330) 253-6689

Siviq Scores

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

Liabilities / Assets

94th percentile

1.12x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

3.71x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

23rd percentile

-3.2%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

77%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$705,758

Down $22,956 (-3.2%) from 2019

Net Assets

Up

-$84,145

Up $71,093 (+46%) from 2019

Liabilities

Down

$789,903

Down $94,049 (-11%) from 2019

Revenue

Up

$213,098

Up $92,955 (+77%) from 2019

Expenses

Down

$142,005

Down $8,922 (-5.9%) from 2019

Net Income

Up

$71,093

Up $101,877 (+331%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $930,750Liabilities 2010: $873,421Net Assets 2010: $57,3292010Assets 2011: $941,427Liabilities 2011: $921,142Net Assets 2011: $20,2852011Assets 2012: $899,728Liabilities 2012: $908,200Net Assets 2012: -$8,4722012Assets 2013: $927,006Liabilities 2013: $941,046Net Assets 2013: -$14,0402013Assets 2014: $858,493Liabilities 2014: $870,727Net Assets 2014: -$12,2342014Assets 2015: $833,128Liabilities 2015: $860,701Net Assets 2015: -$27,5732015Assets 2016: $816,566Liabilities 2016: $874,595Net Assets 2016: -$58,0292016Assets 2017: $849,687Liabilities 2017: $942,921Net Assets 2017: -$93,2342017Assets 2018: $743,471Liabilities 2018: $867,925Net Assets 2018: -$124,4542018Assets 2019: $728,714Liabilities 2019: $883,952Net Assets 2019: -$155,2382019Assets 2020: $705,758Liabilities 2020: $789,903Net Assets 2020: -$84,1452020Assets 2021: $729,250Liabilities 2021: $799,411Net Assets 2021: -$70,1612021Assets 2022: $717,356Liabilities 2022: $788,747Net Assets 2022: -$71,3912022Assets 2023: $692,068Liabilities 2023: $798,147Net Assets 2023: -$106,0792023Assets 2024: $661,704Liabilities 2024: $805,163Net Assets 2024: -$143,4592024

Highlighted filing

2020

Assets$705,758
Liabilities$789,903
Net Assets-$84,145

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $118,5102010Expenses 2011: $98,4862011Revenue 2012: $61,297Expenses 2012: $90,054Net Income 2012: -$28,7572012Revenue 2013: $87,630Expenses 2013: $93,198Net Income 2013: -$5,5682013Revenue 2014: $95,891Expenses 2014: $94,085Net Income 2014: $1,8062014Revenue 2015: $92,542Expenses 2015: $107,881Net Income 2015: -$15,3392015Revenue 2016: $94,975Expenses 2016: $125,431Net Income 2016: -$30,4562016Revenue 2017: $98,477Expenses 2017: $133,682Net Income 2017: -$35,2052017Revenue 2018: $113,979Expenses 2018: $145,199Net Income 2018: -$31,2202018Revenue 2019: $120,143Expenses 2019: $150,927Net Income 2019: -$30,7842019Revenue 2020: $213,098Expenses 2020: $142,005Net Income 2020: $71,0932020Revenue 2021: $138,272Expenses 2021: $124,288Net Income 2021: $13,9842021Revenue 2022: $129,464Expenses 2022: $130,694Net Income 2022: -$1,2302022Revenue 2023: $107,274Expenses 2023: $141,962Net Income 2023: -$34,6882023Revenue 2024: $125,459Expenses 2024: $162,839Net Income 2024: -$37,3802024

Highlighted filing

2020

Revenue$213,098
Expenses$142,005
Net Income$71,093
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 28, 2021
Return Version
2020v4.1
Gross Receipts
$213,098
Mission and Program Overview

Mission

To provide housing facilities for elderly, disabled, handicapped and mentally ill persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$688,615$667,563▼ $21,052
Cash and Non-Interest-Bearing Accounts$12,039$9,803▼ $2,236
Accounts Receivable$5,598$2,078▼ $3,520
Prepaid Expenses and Deferred Charges-$474-
Total Assets$728,714$705,758▼ $22,956
Other Assets Total$22,462$25,840▲ $3,378
Liabilities
Mortgage Notes Payable Secured by Investment Property$781,600$781,600→ $0
Accounts Payable and Accrued Expenses$3,240$7,753▲ $4,513
Other Liabilities$99,112$550▼ $98,562
Total Liabilities$883,952$789,903▼ $94,049
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-155,238$-84,145▲ $71,093
Total Net Assets Fund Balance$-155,238$-84,145▲ $71,093
Total Liabilities and Net Assets / Fund Balance$728,714$705,758▼ $22,956

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$610,563$231,592$842,155
Land$57,000-$57,000
Other Assets Org$550--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary JonesPresident
Cynthia DuckworthTrustee
Natalie GrierTrustee
Rob DeckTrustee
Mike BullockSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100,791
Program Service Revenue
$112,307
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$71,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$213,098
Total Revenue per Audited Statements
$213,098
Total Revenue per Form 990
$213,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,472
Salaries, Compensation, and Employee Benefits$36,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$32,756--$32,756
Depreciation Depletion$21,054--$21,054
Fees for Services Accounting$2,291$14,573-$16,864
Fees for Services Legal$6,757--$6,757
Occupancy$5,500--$5,500
Insurance$5,039--$5,039
Fees for Services Management-$4,947-$4,947
Other Employee Benefits$2,299--$2,299
Payroll Taxes$1,478--$1,478
Office Expenses$941--$941
Other Expenses$194--$194
Conferences and Meetings$34--$34
Total Functional Expenses$122,485$19,520$0$142,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$142,005
Total Expenses per Audited Statements$142,005
Total Expenses per Form 990$142,005
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Management duties delegation Part VI line 3

A management company handles all functions of management, bookkeeping, payroll etc.

Committee meeting documentation Part VI line 8B

The organization has no committees.

Form 990 governing body review Part VI line 11

Auditor prepared 990 is sent to the accounting department and the board for review prior to efiling. Transmission is withheld until signature by a board officer.

Conflict of interest policy compliance Part VI line 12C

Board members communicate conflicts as they arise and they are addressed by the board.

CEO executive director top management comp Part VI line 15A

Currently there are no key employees within the entity. The managment company employs the key members of management.

Other officer or key employee compensation Part VI line 15B

Currently there are no key employees within the entity. The managment company employs the key members of management.

Governing documents etc available to public Part VI line 19

Governing documents can be obtained through proper request to a board member.

Filing and Contact Details

Filer

Filer Name
Project Beginnings I Inc
EIN
20-4580301
Address
564 Diagonal Road, Akron, OH 44320-3010

Signing Officer

Name
Mike Bullock
Title
Secretary
Phone
3302536689
Signed
2021-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jones
Formed
2006
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Wagner & Company CPA
Address
1655 W Market St Suite 225, Akron, OH 44313
Preparer
Steven Wagner
Phone
3308641550
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IRS990ScheduleD/ExpensesSubtotalAmt0142005
IRS990ScheduleD/LandGrp/BookValueAmt057000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt057000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1550
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0213098
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0667563
IRS990ScheduleD/TotalBookValueOtherAssetsAmt025840
IRS990ScheduleD/TotalExpensesPerForm990Amt0142005
IRS990ScheduleD/TotalLiabilityAmt0550
IRS990ScheduleD/TotalRevenuePerForm990Amt0213098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0213098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0142005
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY HANDLES ALL FUNCTIONS OF MANAGEMENT, BOOKKEEPING, PAYROLL ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AUDITOR PREPARED 990 IS SENT TO THE ACCOUNTING DEPARTMENT AND THE BOARD FOR REVIEW PRIOR TO EFILING. TRANSMISSION IS WITHHELD UNTIL SIGNATURE BY A BOARD OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS COMMUNICATE CONFLICTS AS THEY ARISE AND THEY ARE ADDRESSED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CURRENTLY THERE ARE NO KEY EMPLOYEES WITHIN THE ENTITY. THE MANAGMENT COMPANY EMPLOYS THE KEY MEMBERS OF MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CURRENTLY THERE ARE NO KEY EMPLOYEES WITHIN THE ENTITY. THE MANAGMENT COMPANY EMPLOYS THE KEY MEMBERS OF MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS CAN BE OBTAINED THROUGH PROPER REQUEST TO A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TARRY HOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341043224
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0564 DIAGONAL ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Akron
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044320
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0728714
IRS990/TotalAssetsEOYAmt0705758
IRS990/TotalAssetsGrp/BOYAmt0728714
IRS990/TotalAssetsGrp/EOYAmt0705758
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100791
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019520
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0122485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0142005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0883952
IRS990/TotalLiabilitiesEOYAmt0789903
IRS990/TotalLiabilitiesGrp/BOYAmt0883952
IRS990/TotalLiabilitiesGrp/EOYAmt0789903
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-155238
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-84145
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0122485
IRS990/TotalProgramServiceRevenueAmt0112307
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0112307
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0728714
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0705758
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mike Bullock
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum03302536689
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Project Beginnings I Inc
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0204580301
ReturnHeader/Filer/USAddress/AddressLine1Txt0564 Diagonal Road
ReturnHeader/Filer/USAddress/CityNm0Akron
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0443203010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020644478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wagner & Company CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01655 W Market St Suite 225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Akron
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044313
ReturnHeader/PreparerPersonGrp/PhoneNum03308641550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven Wagner
ReturnHeader/ReturnTs02021-11-04T11:15:53-04:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$8.05$1.43$1.25$1.63$0.37
2023Summary only. Only limited summary data is available for this year.$6.92$7.98$1.06$1.07$1.42$0.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.17$7.89$0.71$1.29$1.31$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$7.99$0.70$1.38$1.24$0.14
2020Detailed filing. Detailed filing data is available for this year.$7.06$7.90$0.84$2.13$1.42$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$8.84$1.55$1.20$1.51$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$8.68$1.24$1.14$1.45$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$9.43$0.93$0.98$1.34$0.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.17$8.75$0.58$0.95$1.25$0.30
2015Detailed filing. Detailed filing data is available for this year.$8.33$8.61$0.28$0.93$1.08$0.15
2014Detailed filing. Detailed filing data is available for this year.$8.58$8.71$0.12$0.96$0.94$0.02
2013Detailed filing. Detailed filing data is available for this year.$9.27$9.41$0.14$0.88$0.93$0.06
2012Summary only. Only limited summary data is available for this year.$9.00$9.08$0.08$0.61$0.90$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.41$9.21$0.20$0.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.31$8.73$0.57$1.19