Civic Intelligence

The Elms Inc.

990 • Fiscal year 2016 • EIN 22-2475565

Aug 01, 2015 to Jul 31, 2016 • Filed on Dec 12, 2016

Organization ProfileN/A
70 Lyman StreetHolyoke, MA 01040

(413) 533-7101

Siviq Scores

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

Liabilities / Assets

96th percentile

1.46x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

6.98x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

28th percentile

-5.3%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$98,234

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

97th percentile

152%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

1.6%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$3,357,518

Up $2,027,243 (+152%) from 2015

Net Assets

Down

-$1,539,307

Down $37,067 (-2.5%) from 2015

Liabilities

Up

$4,896,825

Up $2,064,310 (+73%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin28th percentile

Revenue

Up

$701,707

Up $10,747 (+1.6%) from 2015

Expenses

Down

$738,774

Down $20,444 (-2.7%) from 2015

Net Income

Up

-$37,067

Up $31,191 (+46%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $1,698,869Liabilities 2011: $3,104,019Net Assets 2011: -$1,405,1502011Assets 2012: $1,600,939Liabilities 2012: $3,039,564Net Assets 2012: -$1,438,6252012Assets 2013: $1,503,590Liabilities 2013: $2,973,088Net Assets 2013: -$1,469,4982013Assets 2014: $1,466,889Liabilities 2014: $2,900,871Net Assets 2014: -$1,433,9822014Assets 2015: $1,330,275Liabilities 2015: $2,832,515Net Assets 2015: -$1,502,2402015Assets 2016: $3,357,518Liabilities 2016: $4,896,825Net Assets 2016: -$1,539,3072016Assets 2017: $3,126,711Liabilities 2017: $4,709,372Net Assets 2017: -$1,582,6612017Assets 2018: $2,938,054Liabilities 2018: $4,576,947Net Assets 2018: -$1,638,8932018Assets 2019: $2,756,643Liabilities 2019: $4,551,697Net Assets 2019: -$1,795,0542019Assets 2020: $2,481,483Liabilities 2020: $4,439,203Net Assets 2020: -$1,957,7202020Assets 2021: $2,198,950Liabilities 2021: $4,377,398Net Assets 2021: -$2,178,4482021Assets 2022: $1,997,465Liabilities 2022: $4,271,659Net Assets 2022: -$2,274,1942022Assets 2023: $1,900,372Liabilities 2023: $4,259,802Net Assets 2023: -$2,359,4302023Assets 2024: $1,835,499Liabilities 2024: $4,165,228Net Assets 2024: -$2,329,7292024

Highlighted filing

2016

Assets$3,357,518
Liabilities$4,896,825
Net Assets-$1,539,307
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $682,6702011Expenses 2012: $671,9482012Revenue 2013: $640,854Expenses 2013: $671,727Net Income 2013: -$30,8732013Revenue 2014: $731,334Expenses 2014: $695,818Net Income 2014: $35,5162014Revenue 2015: $690,960Expenses 2015: $759,218Net Income 2015: -$68,2582015Revenue 2016: $701,707Expenses 2016: $738,774Net Income 2016: -$37,0672016Revenue 2017: $707,585Expenses 2017: $750,939Net Income 2017: -$43,3542017Revenue 2018: $710,939Expenses 2018: $767,171Net Income 2018: -$56,2322018Revenue 2019: $733,392Expenses 2019: $889,553Net Income 2019: -$156,1612019Revenue 2020: $729,939Expenses 2020: $892,605Net Income 2020: -$162,6662020Revenue 2021: $730,652Expenses 2021: $951,380Net Income 2021: -$220,7282021Revenue 2022: $790,107Expenses 2022: $885,853Net Income 2022: -$95,7462022Revenue 2023: $838,081Expenses 2023: $923,317Net Income 2023: -$85,2362023Revenue 2024: $797,210Expenses 2024: $767,509Net Income 2024: $29,7012024

Highlighted filing

2016

Revenue$701,707
Expenses$738,774
Net Income-$37,067
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Dec 12, 2016
Return Version
2015v2.1
Gross Receipts
$701,707
Mission and Program Overview

Mission

To provide housing facilities to elderly persons & handicapped persons. Such facilities are specifically designed to meet physical, social, psychological & lifestyle needs of the tenants.

Provide housing facilities for elderly persons & handicapped persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,038,580$1,697,497▲ $658,917
Prepaid Expenses and Deferred Charges$11,933$34,540▲ $22,607
Cash and Non-Interest-Bearing Accounts$4,495$18,267▲ $13,772
Accounts Receivable$3,169$1,031▼ $2,138
Total Assets$1,330,275$3,357,518▲ $2,027,243
Other Assets Total$272,098$1,606,183▲ $1,334,085
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,743,822$4,858,756▲ $2,114,934
Accounts Payable and Accrued Expenses$75,879$25,231▼ $50,648
Escrow Account Liability$12,814$12,838▲ $24
Total Liabilities$2,832,515$4,896,825▲ $2,064,310
Net Assets / Fund Balance
Unrestricted Net Assets$-1,502,240$-1,539,307▼ $37,067
Total Net Assets Fund Balance$-1,502,240$-1,539,307▼ $37,067
Total Liabilities and Net Assets / Fund Balance$1,330,275$3,357,518▲ $2,027,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,592,523$3,229,412$4,821,935
Equipment$74,974$130,122$205,096
Land$30,000-$30,000
Other Assets Org$31,732--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleOtherTotal
Michael J MoriartyPresident$98,234$98,234
Anna Marie TemkinTreasurer$80,692$80,692

Board Members and Trustees

NameTitle
Richard P CourchesneChairman (left 12/10/15)
Walter NalesnikCLERK THRU 12/15; CHAIR AS OF 12/15
Duane CampDirector
FR SEAN O'MANIONDirector
Libby HernandezDirector
Maria PaganDirector
Maurice LacasseDirector
Armando SantiagoDIRECTOR; CLERK AS OF 12/15
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$659,370
Investment Income
$337
Other Revenue
$42,000
Change in Net Assets
$-37,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$701,707
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$701,707
Total Revenue per Form 990
$701,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$705,021
Salaries, Compensation, and Employee Benefits$33,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$360,741--$360,741
Depreciation Depletion$157,149--$157,149
Fees for Services Management-$34,894-$34,894
Other Salaries and Wages$13,505$17,657-$31,162
Fees for Services Accounting-$12,786-$12,786
Office Expenses-$10,232-$10,232
Payroll Taxes$1,123$1,468-$2,591
Fees for Services Legal-$1,726-$1,726
Insurance$1,251--$1,251
Other Expenses$265$584-$849
Advertising-$620-$620
Total Functional Expenses$658,807$79,967$0$738,774

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$738,774
Total Expenses per Audited Statements$738,774
Total Expenses per Form 990$738,774
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section A, Line 3

“A three person executive committee functions between board meetings. Membership of the executive committee rotates throughout the year with all board members serving on the executive committee at one time or another. All actions of the executive committee are brought to the board of directors for approval. The executive committee permits quicker action on matters which cannot wait for a full board meeting.”

Form 990, Part VI, Section A, Line 3

“In addition to property management and bookkeeping services, olde holyoke development corporation, an exempt organization related through common board membership to the reporting organization, also assists with review of form 990 and plans budgets.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by the treasurer and president. Copies of the 990 are provided to all members of the board of director prior to its filing.”

Form 990, Part VI, Section B, Line 12C

“Each director and officer who for compensation provides any service, sells or exchanges any goods or property, or is a related party by employment or ownership to any vendor so compensated shall disclose all such relations in writing to the board of directors on a form approved by the president. Such forms shall be retained by the clerk on the corporate records for a period of not less than six years. The directors shall enact and comply with a more detailed conflict of interest policy, as may be amended from time to time.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Elms Inc
EIN
22-2475565
Phone
4135337101
Address
70 LYMAN STREET, HOLYOKE, MA 01040

Signing Officer

Name
Michael Moriarty
Title
President
Phone
4135337101
Signed
2016-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Moriarty
Formed
1983
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
8

Preparer

Firm
Meyers Brothers Kalicka Pc
Address
330 WHITNEY AVE SUITE 800, HOLYOKE, MA 01040
Preparer
Howard L Cheney
Phone
4135368510
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Tenants' security deposits held on their behalf.”

PART X, LINE 2:

“Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition.the organization's tax returns are subject to examination by taxing authorities for all years ending on or after july 31, 2013.”

Raw XML AppendixShowing 400 of 521 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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IRS990/OtherRevenueMiscGrp/ExclusionAmt11944
IRS990/OtherRevenueMiscGrp/ExclusionAmt2146
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04222
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11944
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2146
IRS990/OtherRevenueTotalAmt06312
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017657
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt013505
IRS990/OtherSalariesAndWagesGrp/TotalAmt031162
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01468
IRS990/PayrollTaxesGrp/ProgramServicesAmt01123
IRS990/PayrollTaxesGrp/TotalAmt02591
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011933
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034540
IRS990/PrincipalOfficerNm0MICHAEL MORIARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0659370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0659370
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0550
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt084
IRS990/PYOtherExpensesAmt0721847
IRS990/PYOtherRevenueAmt038392
IRS990/PYProgramServiceRevenueAmt0651934
IRS990/PYRevenuesLessExpensesAmt0-68258
IRS990/PYSalariesCompEmpBnftPaidAmt037371
IRS990/PYTotalExpensesAmt0759218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0690960
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-37067
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt035688
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0659370
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt036025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030386
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027608
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022764
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0148811
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0659370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0651934
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0694492
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0608006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0611150
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03224952
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt06166
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt06117
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt06315
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt05240
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt04469
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt028307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt036025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030386
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027608
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0148811
IRS990ScheduleA/InvestmentIncomeCYPct00.04370
IRS990ScheduleA/InvestmentIncomePYPct00.03390
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0146
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0331
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0141
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0618
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.46580
IRS990ScheduleA/PublicSupportPY509Pct00.53510
IRS990ScheduleA/PublicSupportTotal509Amt01585133
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0398988
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0411034
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0266911
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0307787
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0283956
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01668676
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0398988
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0411034
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0266911
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0307787
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0283956
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01668676
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0665536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0658601
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0700807
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0613246
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0615619
IRS990ScheduleA/Total509Grp/TotalAmt03253809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0701707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0690960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0731334
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0640854
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0638383
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03403238
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01592523
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03229412
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04821935
IRS990ScheduleD/EquipmentGrp/BookValueAmt074974
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0130122
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0205096
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0738774
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01421433
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114235
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2138783
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt331732
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FINANCING FEES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0701707
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANTS' SECURITY DEPOSITS HELD ON THEIR BEHALF.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION.THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JULY 31, 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01697497
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01606183
IRS990ScheduleD/TotalExpensesPerForm990Amt0738774
IRS990ScheduleD/TotalRevenuePerForm990Amt0701707
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0701707
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0738774
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A THREE PERSON EXECUTIVE COMMITTEE FUNCTIONS BETWEEN BOARD MEETINGS. MEMBERSHIP OF THE EXECUTIVE COMMITTEE ROTATES THROUGHOUT THE YEAR WITH ALL BOARD MEMBERS SERVING ON THE EXECUTIVE COMMITTEE AT ONE TIME OR ANOTHER. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE BROUGHT TO THE BOARD OF DIRECTORS FOR APPROVAL. THE EXECUTIVE COMMITTEE PERMITS QUICKER ACTION ON MATTERS WHICH CANNOT WAIT FOR A FULL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ADDITION TO PROPERTY MANAGEMENT AND BOOKKEEPING SERVICES, OLDE HOLYOKE DEVELOPMENT CORPORATION, AN EXEMPT ORGANIZATION RELATED THROUGH COMMON BOARD MEMBERSHIP TO THE REPORTING ORGANIZATION, ALSO ASSISTS WITH REVIEW OF FORM 990 AND PLANS BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE TREASURER AND PRESIDENT. COPIES OF THE 990 ARE PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTOR PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR AND OFFICER WHO FOR COMPENSATION PROVIDES ANY SERVICE, SELLS OR EXCHANGES ANY GOODS OR PROPERTY, OR IS A RELATED PARTY BY EMPLOYMENT OR OWNERSHIP TO ANY VENDOR SO COMPENSATED SHALL DISCLOSE ALL SUCH RELATIONS IN WRITING TO THE BOARD OF DIRECTORS ON A FORM APPROVED BY THE PRESIDENT. SUCH FORMS SHALL BE RETAINED BY THE CLERK ON THE CORPORATE RECORDS FOR A PERIOD OF NOT LESS THAN SIX YEARS. THE DIRECTORS SHALL ENACT AND COMPLY WITH A MORE DETAILED CONFLICT OF INTEREST POLICY, AS MAY BE AMENDED FROM TIME TO TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RIVERSIDE DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1OLDE HOLYOKE DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237320953

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,357,518
Liabilities
$4,896,825
Net assets
-$1,539,307
Revenue
$701,707
Expenses
$738,774
Net income
-$37,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.84$4.17$2.33$0.80$0.77$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.90$4.26$2.36$0.84$0.92$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.00$4.27$2.27$0.79$0.89$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.20$4.38$2.18$0.73$0.95$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.48$4.44$1.96$0.73$0.89$0.16
2019Detailed filing. Detailed filing data is available for this year.$2.76$4.55$1.80$0.73$0.89$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.94$4.58$1.64$0.71$0.77$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.13$4.71$1.58$0.71$0.75$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.36$4.90$1.54$0.70$0.74$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.33$2.83$1.50$0.69$0.76$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.47$2.90$1.43$0.73$0.70$0.04
2013Summary only. Only limited summary data is available for this year.$1.50$2.97$1.47$0.64$0.67$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$3.04$1.44$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$3.10$1.41$0.68