Civic Intelligence

Enhanced Living Inc

990 • Fiscal year 2018 • EIN 20-5007756

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

PO Box 742Bradford, VT 05033

(800) 261-1604

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

20.69x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

99th percentile

630%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

235%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,961,972

Up $8,596,863 (+630%) from 2017

Net Assets

Up

$1,737,632

Up $372,523 (+27%) from 2017

Liabilities

Up

$8,224,340

Up $8,224,340 from 2017

Revenue

Up

$397,521

Up $278,838 (+235%) from 2017

Expenses

Up

$56,770

Up $52,876 (+1358%) from 2017

Net Income

Up

$340,751

Up $225,962 (+197%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2013: $674,247Liabilities 2013: $0Net Assets 2013: $674,2472013Assets 2014: $967,739Liabilities 2014: $0Net Assets 2014: $967,7392014Assets 2015: $1,115,293Liabilities 2015: $0Net Assets 2015: $1,115,2932015Assets 2016: $1,250,320Liabilities 2016: $0Net Assets 2016: $1,250,3202016Assets 2017: $1,365,109Liabilities 2017: $0Net Assets 2017: $1,365,1092017Assets 2018: $9,961,972Liabilities 2018: $8,224,340Net Assets 2018: $1,737,6322018Assets 2019: $10,401,612Liabilities 2019: $10,509,081Net Assets 2019: -$107,4692019Assets 2020: $10,354,243Liabilities 2020: $10,447,147Net Assets 2020: -$92,9042020Assets 2021: $9,856,214Liabilities 2021: $10,123,724Net Assets 2021: -$267,5102021Assets 2022: $9,700,583Liabilities 2022: $10,167,136Net Assets 2022: -$466,5532022Assets 2023: $9,315,814Liabilities 2023: $10,229,044Net Assets 2023: -$913,2302023Assets 2024: $9,210,309Liabilities 2024: $10,180,873Net Assets 2024: -$970,5642024

Highlighted filing

2018

Assets$9,961,972
Liabilities$8,224,340
Net Assets$1,737,632

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $185,000Expenses 2013: $1,965Net Income 2013: $183,0352013Revenue 2014: $300,009Expenses 2014: $6,517Net Income 2014: $293,4922014Revenue 2015: $150,018Expenses 2015: $2,464Net Income 2015: $147,5542015Revenue 2016: $137,441Expenses 2016: $2,414Net Income 2016: $135,0272016Revenue 2017: $118,683Expenses 2017: $3,894Net Income 2017: $114,7892017Revenue 2018: $397,521Expenses 2018: $56,770Net Income 2018: $340,7512018Revenue 2019: $1,538,946Expenses 2019: $3,011,300Net Income 2019: -$1,472,3542019Revenue 2020: $3,209,342Expenses 2020: $3,194,777Net Income 2020: $14,5652020Revenue 2021: $2,956,569Expenses 2021: $3,131,175Net Income 2021: -$174,6062021Revenue 2022: $3,190,690Expenses 2022: $3,389,733Net Income 2022: -$199,0432022Revenue 2023: $3,410,041Expenses 2023: $3,856,718Net Income 2023: -$446,6772023Revenue 2024: $4,064,777Expenses 2024: $4,122,111Net Income 2024: -$57,3342024

Highlighted filing

2018

Revenue$397,521
Expenses$56,770
Net Income$340,751
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$397,521
Mission and Program Overview

Mission

To construct and operate a 35,000 square foot assisted living community that will provide housing for up to 50 residents who are seniors in need of services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$320,000$8,817,999▲ $8,497,999
Rtn Earn Endowment Incm Other Fnds-$1,737,632-
Pd in Cap Srpls Land Bldg Eqp Fund$1,365,109--
Cash and Non-Interest-Bearing Accounts$125,528$1,085,043▲ $959,515
Prepaid Expenses and Deferred Charges-$44,145-
Savings and Temporary Cash Investments$18,364$0▼ $18,364
Accounts Receivable-$14,785-
Intangible Assets$2,792$0▼ $2,792
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,365,109$9,961,972▲ $8,596,863
Other Assets Total$898,425$0▼ $898,425
Liabilities
Mortgage Notes Payable Secured by Investment Property-$8,100,487-
Other Liabilities-$57,545-
Accounts Payable and Accrued Expenses-$56,769-
Deferred Revenue-$9,539-
Total Liabilities$0$8,224,340▲ $8,224,340
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,365,109$1,737,632▲ $372,523
Total Liabilities and Net Assets / Fund Balance$1,365,109$9,961,972▲ $8,596,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,485,499-$8,485,499
Land$332,500-$332,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eileen BolanderPresident
Mark JohnsonVice President
Doug KleintopTrustee
Gail AuclairTrustee
George PrattTrustee
Jane KitchelTrustee
Nancy FrostTrustee
Susan TullarTrustee
Carole FreemanSecretary
Graham GoveTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Grand Senior LivingMangement Services2748 Ferry Road, Charlotte, VT 05445$542,607
Revenue and Support

Revenue Composition

Contributions and Grants
$366,000
Program Service Revenue
$30,757
Investment Income
$764
Other Revenue
$0
All Other Contributions
$366,000
Change in Net Assets
$340,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$43,468
Other Expenses$13,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,960--$37,960
Payroll Taxes$3,199--$3,199
Other Employee Benefits$2,309--$2,309
Office Expenses$993--$993
Other Expenses$168$259-$168
All Other Expenses$114--$114
Fees for Services Other-$-6,673-$-6,673
Total Functional Expenses$63,184$-6,414$0$56,770
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Security Deposit$57,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Grand Senior Living provides all management and financial services to Enhanced Living, Inc.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

Not every meeting or action undertaken during the year was contemporaneously documented.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the executive committee before filing. The full Board, and Public,are notified when the form is avilable for viewing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Enhanced Living Inc
EIN
20-5007756
Phone
8002611604
Address
PO Box 742, Bradford, VT 05033

Signing Officer

Name
Rebecca Stearns Hassan
Title
Management Agent
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
31
Volunteers
10

Preparer

Firm
Grippin Donlan & Pinkham PLC
Address
3 Baldwin Avenue, South Burlington, VT 05403
Preparer
David C Grippin CPA
Phone
8028462000
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IRS990/ProgramServiceRevenueGrp/Desc1Community Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2MC Rent
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09738
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28019
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0118664
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt019
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03894
IRS990/PYRevenuesLessExpensesAmt0114789
IRS990/PYTotalExpensesAmt03894
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IRS990/ReconcilationRevenueExpnssAmt0340751
IRS990/RegularMonitoringEnfrcInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt018364
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0137423
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0150000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0300000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0300000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01072915
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08485499
IRS990ScheduleD/LandGrp/BookValueAmt0332500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0332500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057545
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt08817999
IRS990ScheduleD/TotalLiabilityAmt057545
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grand Senior Living provides all management and financial services to Enhanced Living, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Not every meeting or action undertaken during the year was contemporaneously documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed by the executive committee before filing. The full Board, and Public,are notified when the form is avilable for viewing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, policies and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false

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