Civic Intelligence

Ghf Residential Services

990 • Fiscal year 2015 • EIN 20-8291517

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 28, 2016

61 Little River DriveBelfast, ME 04915

(207) 338-2080

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.28x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

5th percentile

-66%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

36th percentile

-2.2%

Faster asset growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

0.4%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$672,184

Down $15,057 (-2.2%) from 2014

Net Assets

Down

$662,669

Down $22,177 (-3.2%) from 2014

Liabilities

Up

$9,515

Up $7,120 (+297%) from 2014

Revenue

Up

$33,559

Up $148 (+0.4%) from 2014

Expenses

Up

$55,736

Up $8,114 (+17%) from 2014

Net Income

Down

-$22,177

Down $7,966 (-56%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $751,805Liabilities 2010: $3,819Net Assets 2010: $747,9862010Assets 2011: $740,149Liabilities 2011: $7,542Net Assets 2011: $732,6072011Assets 2012: $718,754Liabilities 2012: $2,962Net Assets 2012: $715,7922012Assets 2013: $701,701Liabilities 2013: $2,644Net Assets 2013: $699,0572013Assets 2014: $687,241Liabilities 2014: $2,395Net Assets 2014: $684,8462014Assets 2015: $672,184Liabilities 2015: $9,515Net Assets 2015: $662,6692015Assets 2017: $644,550Liabilities 2017: $17,529Net Assets 2017: $627,0212017Assets 2018: $614,884Liabilities 2018: $6,705Net Assets 2018: $608,1792018Assets 2019: $602,408Liabilities 2019: $10,143Net Assets 2019: $592,2652019Assets 2020: $578,684Liabilities 2020: $7,881Net Assets 2020: $570,8032020Assets 2024: $521,151Liabilities 2024: $14,380Net Assets 2024: $506,7712024Assets 2025: $503,527Liabilities 2025: $4,086Net Assets 2025: $499,4412025

Highlighted filing

2015

Assets$672,184
Liabilities$9,515
Net Assets$662,669

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $33,392Expenses 2010: $45,354Net Income 2010: -$11,9622010Revenue 2011: $33,408Expenses 2011: $48,787Net Income 2011: -$15,3792011Expenses 2012: $47,2442012Revenue 2013: $32,045Expenses 2013: $48,780Net Income 2013: -$16,7352013Revenue 2014: $33,411Expenses 2014: $47,622Net Income 2014: -$14,2112014Revenue 2015: $33,559Expenses 2015: $55,736Net Income 2015: -$22,1772015Revenue 2017: $33,523Expenses 2017: $50,195Net Income 2017: -$16,6722017Revenue 2018: $51,747Expenses 2018: $70,589Net Income 2018: -$18,8422018Revenue 2019: $45,120Expenses 2019: $61,034Net Income 2019: -$15,9142019Revenue 2020: $45,060Expenses 2020: $66,522Net Income 2020: -$21,4622020Revenue 2024: $54,863Expenses 2024: $72,750Net Income 2024: -$17,8872024Revenue 2025: $61,942Expenses 2025: $69,272Net Income 2025: -$7,3302025

Highlighted filing

2015

Revenue$33,559
Expenses$55,736
Net Income-$22,177
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$33,559
Mission and Program Overview

Mission

Provide housing opportunities for low income individuals with disabilities.

Provide housing oportunities for low income individuals with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$633,333$616,522▼ $16,811
Savings and Temporary Cash Investments$52,811$54,427▲ $1,616
Cash and Non-Interest-Bearing Accounts$1,097$1,223▲ $126
Accounts Receivable-$12-
Total Assets$687,241$672,184▼ $15,057
Liabilities
Accounts Payable and Accrued Expenses$1,972$5,273▲ $3,301
Other Liabilities-$4,242-
Deferred Revenue$423--
Total Liabilities$2,395$9,515▲ $7,120
Net Assets / Fund Balance
Temporarily Rstr Net Assets$618,300$618,300→ $0
Unrestricted Net Assets$66,546$44,369▼ $22,177
Total Net Assets Fund Balance$684,846$662,669▼ $22,177
Total Liabilities and Net Assets / Fund Balance$687,241$672,184▼ $15,057

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$552,204$114,155$666,359
Land$63,653-$63,653
Equipment$665$10,736$11,401
Compensation and Service Providers

Board Members and Trustees

NameTitle
William WebbPresident
Melanie Frazek-
Salvatore GarozzoExecutive Di
Sharon GoguenSecretary
Mike NickersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$33,316
Investment Income
$243
Other Revenue
$0
Change in Net Assets
$-22,177

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,559
Total Revenue per Audited Statements
$33,559
Total Revenue per Form 990
$33,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$16,811--$16,811
Fees for Services Accounting-$7,400-$7,400
Fees for Services Management-$3,036-$3,036
Other Expenses$2,081$634-$2,715
Fees for Services Legal-$1,925-$1,925
All Other Expenses-$560-$560
Total Functional Expenses$42,181$13,555$0$55,736

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$55,736
Total Expenses per Audited Statements$55,736
Total Expenses per Form 990$55,736
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
Due to Ghf$4,242
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

William webb 190 waldo ave belfast, me 04915 sharon goguen 100 miller street belfast, me 04915 mike nickerson po box 211 belfast, me 04915

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

A draft of the form 990 was provided to management for review but not to the board of directors before it was filed.

Form 990, Page 6, Part VI, Line 19

All requests are directed to the executive director.

Filing and Contact Details

Filer

Filer Name
Ghf Residential Services
EIN
20-8291517
Phone
2073382080
Address
61 LITTLE RIVER DRIVE, BELFAST, ME 04915

Signing Officer

Name
Michael Nickerson
Title
Board Treasurer
Phone
2073382080
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Nickerson
Formed
2006
Legal Domicile
Me
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Pfbfcpas
Address
46 FIRSTPARK DRIVE, OAKLAND, ME 04963-5362
Preparer
Gary W Smith CPA
Phone
2078731603
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Effective october 1, 2009, the project adopted the provisions of fasb interpretation 48, accounting for uncertainty in income taxes (fin48, as codified by asc 740, income taxes). This statement clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in an organization's financial statements. Asc 740 prescribes a recognition threshold of more likely- than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. Management evaluated the project's tax positions and concluded that the project had taken no uncertain tax positions that required adjustment to the financial statements to comply with the provisions of this guidance. As a result, there was no cumulative effect related to adoption and no interest or penalties related to uncertain tax positions were accrued. When necessary, the project accounts for interest and penalties related to uncertain tax positions as part of its provision for federal and state income taxes. The project does not expect that unrecognized tax benefits arising from tax positions will change significantly within the next twelve months. The project is currently open to audit under the statute of limitations by the internal revenue service and state taxing authorities for the years ending september 30, 2012 through 2015.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE OCTOBER 1, 2009, THE PROJECT ADOPTED THE PROVISIONS OF FASB INTERPRETATION 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN48, AS CODIFIED BY ASC 740, INCOME TAXES). THIS STATEMENT CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATISFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. ASC 740 PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY- THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE PROJECT'S TAX POSITIONS AND CONCLUDED THAT THE PROJECT HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AS A RESULT, THERE WAS NO CUMULATIVE EFFECT RELATED TO ADOPTION AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. WHEN NECESSARY, THE PROJECT ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR FEDERAL AND STATE INCOME TAXES. THE PROJECT DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. THE PROJECT IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDING SEPTEMBER 30, 2012 THROUGH 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt055736
IRS990ScheduleD/TotalLiabilityAmt04242
IRS990ScheduleD/TotalRevenuePerForm990Amt033559
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt033559
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt055736
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM WEBB 190 WALDO AVE BELFAST, ME 04915 SHARON GOGUEN 100 MILLER STREET BELFAST, ME 04915 MIKE NICKERSON PO BOX 211 BELFAST, ME 04915
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 WAS PROVIDED TO MANAGEMENT FOR REVIEW BUT NOT TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL REQUESTS ARE DIRECTED TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GROUP HOME FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010343697
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MAINTENANC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt061 LITTLE RIVER DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BELFAST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004915
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0672184
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt09515
IRS990/TotalLiabilitiesGrp/BOYAmt02395
IRS990/TotalLiabilitiesGrp/EOYAmt09515
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0662669
IRS990/TotalProgramServiceExpensesAmt042181
IRS990/TotalProgramServiceRevenueAmt033316
IRS990/TotalRevenueGrp/ExclusionAmt0243
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033316
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt033559
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0672184
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt044369
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0GROUP HOME FOUNDATION INC
IRS990/USAddress/CityNm0BELFAST
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004915
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL NICKERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02073382080
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GHF RESIDENTIAL SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0GHFR
ReturnHeader/Filer/EIN0208291517
ReturnHeader/Filer/PhoneNum02073382080
ReturnHeader/Filer/USAddress/AddressLine1Txt061 LITTLE RIVER DRIVE
ReturnHeader/Filer/USAddress/CityNm0BELFAST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004915
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PFBFCPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt046 FIRSTPARK DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0049635362
ReturnHeader/PreparerPersonGrp/PhoneNum02078731603
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY W SMITH CPA
ReturnHeader/ReturnTs02016-01-29T15:11:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

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