Civic Intelligence

Wayne Senior Citizens Runnymede Corporation

990 • Fiscal year 2013 • EIN 22-1981535

Jan 01, 2013 to Dec 31, 2013 • Filed on May 19, 2014

100 Runnymede DriveSuite07470

(973) 694-7530

Siviq Scores

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

Liabilities / Assets

85th percentile

0.76x

Higher debt load relative to assets than 85% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

86th percentile

1.98x

Higher debt load relative to revenue than 86% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

50th percentile

2.9%

Faster asset growth than 50% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

49th percentile

3.5%

Faster revenue growth than 49% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Assets

Up

$5,308,571

Up $151,423 (+2.9%) from 2012

Net Assets

Up

$1,271,971

Up $298,715 (+31%) from 2012

Liabilities

Down

$4,036,600

Down $147,292 (-3.5%) from 2012

Revenue

Up

$2,041,463

Up $68,667 (+3.5%) from 2012

Expenses

Down

$1,742,748

Down $26,827 (-1.5%) from 2012

Net Income

Up

$298,715

Up $95,494 (+47%) from 2012

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,194,898Liabilities 2011: $4,424,863Net Assets 2011: $770,0352011Assets 2012: $5,157,148Liabilities 2012: $4,183,892Net Assets 2012: $973,2562012Assets 2013: $5,308,571Liabilities 2013: $4,036,600Net Assets 2013: $1,271,9712013Assets 2014: $5,602,615Liabilities 2014: $4,047,321Net Assets 2014: $1,555,2942014Assets 2015: $4,618,140Liabilities 2015: $39,199Net Assets 2015: $4,578,9412015Assets 2016: $4,797,819Liabilities 2016: $19,991Net Assets 2016: $4,777,8282016Assets 2017: $6,053,111Liabilities 2017: $19,991Net Assets 2017: $6,033,1202017Assets 2018: $6,151,936Liabilities 2018: $18,635Net Assets 2018: $6,133,3012018Assets 2019: $6,284,393Liabilities 2019: $0Net Assets 2019: $6,284,3932019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2013

Assets$5,308,571
Liabilities$4,036,600
Net Assets$1,271,971

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2011: $2,050,761Expenses 2011: $1,870,301Net Income 2011: $180,4602011Revenue 2012: $1,972,796Expenses 2012: $1,769,575Net Income 2012: $203,2212012Revenue 2013: $2,041,463Expenses 2013: $1,742,748Net Income 2013: $298,7152013Revenue 2014: $2,063,926Expenses 2014: $1,780,603Net Income 2014: $283,3232014Revenue 2015: $4,835,033Expenses 2015: $1,827,886Net Income 2015: $3,007,1472015Revenue 2016: $268,286Expenses 2016: $69,399Net Income 2016: $198,8872016Revenue 2017: $1,274,503Expenses 2017: $19,211Net Income 2017: $1,255,2922017Revenue 2018: $193,837Expenses 2018: $93,656Net Income 2018: $100,1812018Revenue 2019: $205,850Expenses 2019: $54,758Net Income 2019: $151,0922019Revenue 2020: $207,014Expenses 2020: $8,804Net Income 2020: $198,2102020

Highlighted filing

2013

Revenue$2,041,463
Expenses$1,742,748
Net Income$298,715
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 19, 2014
Return Version
2013v3.1
Gross Receipts
$2,041,463
Mission and Program Overview

Mission

To provide low and moderate income senior-citizen housing.

SEE PART THREE, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,718,093$3,523,267▼ $194,826
Pd in Cap Srpls Land Bldg Eqp Fund$738,574$785,241▲ $46,667
Cash and Non-Interest-Bearing Accounts$324,774$560,555▲ $235,781
Rtn Earn Endowment Incm Other Fnds$234,682$486,730▲ $252,048
Prepaid Expenses and Deferred Charges$46,188$57,708▲ $11,520
Accounts Receivable$10,139$27,086▲ $16,947
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
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,157,148$5,308,571▲ $151,423
Other Assets Total$1,057,954$1,139,955▲ $82,001
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,923,518$3,662,088▼ $261,430
Accounts Payable and Accrued Expenses$101,961$197,244▲ $95,283
Other Liabilities$158,413$177,268▲ $18,855
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$4,183,892$4,036,600▼ $147,292
Net Assets / Fund Balance
Total Net Assets Fund Balance$973,256$1,271,971▲ $298,715
Total Liabilities and Net Assets / Fund Balance$5,157,148$5,308,571▲ $151,423

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$652,051$5,924,173-
Land$392,515--
Equipment$33,232$167,928-
Leasehold Improvements$2,445,469$2,493,488-
Other Assets Org$49,250--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Fr Michael D LombardoChairman/president
Joan BelorrVice Chairman
Joseph HallockVice Chairman
Mario RoselliniVice Chairman
Bernard GingrasDirector
Hon Chris McintyreDirector
Margaret NolanDirector
Regina ParksDirector
Robert VlietDirector
Steven J TyburskiDirector
Douglas a StruykSecretary
Raymond VanariaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rp Marzulli Company INCManaging Agent--
Revenue and Support

Revenue Composition

Contributions and Grants
$403,862
Program Service Revenue
$1,579,782
Investment Income
$1,729
Other Revenue
$56,090
Change in Net Assets
$298,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,370,460
Salaries, Compensation, and Employee Benefits$372,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$354,036--$354,036
Depreciation Depletion$338,993--$338,993
Other Salaries and Wages$280,542--$280,542
Fees for Services Management$98,006--$98,006
Insurance$60,968--$60,968
Other Employee Benefits$55,274--$55,274
Payroll Taxes$36,472--$36,472
All Other Expenses$26,224--$26,224
Fees for Services Other$19,794--$19,794
Fees for Services Accounting$14,765--$14,765
Other Expenses$3,127--$3,127
Office Expenses$2,922--$2,922
Fees for Services Legal$887--$887
Total Functional Expenses$1,742,748$0$0$1,742,748
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
Tenant Security Deposits$136,869
Pilot Payable$35,941
Pet Security$4,458
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Governance Management and Disclosure PART VI, SECTION A LINE 3

As is industry practice for organizations providing low income housing, a mangaing agent with expertise in that area is retained to oversee activity.

Governance Management and Disclosure PART VI, SECTION B LINE 11B

A draft 990 is first reviewed by the managing agent who disseminates it to the board.

Governance Management and Disclosure PART VI, SECTION B, LINE 12C

Managing agent is responsible for adminstering, enforcing and updating the policy. Officers and directors all are required annual to read and sign the conflict of interest policy and disclose any posible violations thereon.

Filing and Contact Details

Filer

EIN
22-1981535
In Care Of
% RAYMOND P MARZULLI CO
Phone
9736947530

Signing Officer

Name
Raymond Vanaria
Title
Treasurer
Phone
9736947531
Signed
2014-05-19
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
12
Independent Board Members
12
Employees
9

Preparer

Preparer
John A Demetrius
Phone
9738120100
Supplemental Narrative

Financial Statement Notes

Reconciliation

Net increase in repair and replacement reserve

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