Civic Intelligence

The Elms Inc.

990 • Fiscal year 2018 • EIN 22-2475565

Aug 01, 2017 to Jul 31, 2018 • Filed on May 30, 2019

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

97th percentile

1.56x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

6.44x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

23rd percentile

-7.9%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$102,276

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

21st percentile

-6.0%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

0.5%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,938,054

Down $188,657 (-6.0%) from 2017

Net Assets

Down

-$1,638,893

Down $56,232 (-3.6%) from 2017

Liabilities

Down

$4,576,947

Down $132,425 (-2.8%) from 2017

Revenue

Up

$710,939

Up $3,354 (+0.5%) from 2017

Expenses

Up

$767,171

Up $16,232 (+2.2%) from 2017

Net Income

Down

-$56,232

Down $12,878 (-30%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$2,938,054
Liabilities$4,576,947
Net Assets-$1,638,893

Operations Trend

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

2018

Revenue$710,939
Expenses$767,171
Net Income-$56,232
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
May 30, 2019
Return Version
2017v2.3
Gross Receipts
$710,939
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$1,833,792$1,889,972▲ $56,180
Prepaid Expenses and Deferred Charges$31,752$31,761▲ $9
Cash and Non-Interest-Bearing Accounts$74,437$20,419▼ $54,018
Accounts Receivable$6,991$2,272▼ $4,719
Total Assets$3,126,711$2,938,054▼ $188,657
Other Assets Total$1,179,739$993,630▼ $186,109
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,601,083$4,528,313▼ $72,770
Accounts Payable and Accrued Expenses$95,692$35,742▼ $59,950
Escrow Account Liability$12,597$12,892▲ $295
Total Liabilities$4,709,372$4,576,947▼ $132,425
Net Assets / Fund Balance
Unrestricted Net Assets$-1,582,661$-1,638,893▼ $56,232
Total Net Assets Fund Balance$-1,582,661$-1,638,893▼ $56,232
Total Liabilities and Net Assets / Fund Balance$3,126,711$2,938,054▼ $188,657

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,717,651$3,597,757$5,315,408
Equipment$142,321$175,638$317,959
Land$30,000-$30,000
Other Assets Org$130,679--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael J MoriartyPresident$102,276$102,276
Anna Marie TemkinTreasurer Thru 12/1/17$75,291$75,291
Christopher RiffenburgTreasurer Start 10/13/17$35,349$35,349

Board Members and Trustees

NameTitle
Libby HernandezDirector
Maria PaganDirector
Deborah WalkerDirector Start 1/2018
Elba RomeroDirector Start 10/2017
Juan PedrosaClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$663,323
Investment Income
$2,512
Other Revenue
$45,104
Change in Net Assets
$-56,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$710,939
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$710,939
Total Revenue per Form 990
$710,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$722,818
Salaries, Compensation, and Employee Benefits$44,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$295,988--$295,988
Depreciation Depletion$215,606--$215,606
Other Salaries and Wages$22,303$19,899-$42,202
Fees for Services Management-$34,198-$34,198
Office Expenses-$17,495-$17,495
Fees for Services Accounting-$13,411-$13,411
Payroll Taxes$1,137$1,014-$2,151
Advertising-$658-$658
Insurance$473--$473
Other Expenses$15$431-$446
Fees for Services Legal-$387-$387
Travel-$382-$382
Total Functional Expenses$675,101$92,070$0$767,171

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$767,171
Total Expenses per Audited Statements$767,171
Total Expenses per Form 990$767,171
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, oneholyoke community development corp (fka 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 11B

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
Christopher Riffenburg
Title
Treasurer
Phone
4135337101
Signed
2019-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Moriarty
Formed
1983
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
5

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, 2015.

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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031761
IRS990/PrincipalOfficerNm0MICHAEL MORIARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0663323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0663323
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0664
IRS990/PYOtherExpensesAmt0712077
IRS990/PYOtherRevenueAmt040800
IRS990/PYProgramServiceRevenueAmt0666121
IRS990/PYRevenuesLessExpensesAmt0-43354
IRS990/PYSalariesCompEmpBnftPaidAmt038862
IRS990/PYTotalExpensesAmt0750939
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0707585
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-56232
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt039229
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0663323
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt041741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt036056
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt036025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt032028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt030386
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0176236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0663323
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0666121
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0659370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0651934
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0694492
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03335240
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt05527
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt05401
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt06166
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt06117
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt06315
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt029526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt036056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt036025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt032028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt030386
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0176236
IRS990ScheduleA/InvestmentIncomeCYPct00.04970
IRS990ScheduleA/InvestmentIncomePYPct00.04670
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0348
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0146
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0331
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0973
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.45910
IRS990ScheduleA/PublicSupportPY509Pct00.45860
IRS990ScheduleA/PublicSupportTotal509Amt01626497
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0329183
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0332703
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0398988
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0411034
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0266911
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01738819
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0329183
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0332703
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0398988
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0411034
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0266911
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01738819
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0668850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0671522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0665536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0658601
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0700807
IRS990ScheduleA/Total509Grp/TotalAmt03365316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0710939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0707585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0701707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0690960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0731334
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03542525
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01717651
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03597757
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05315408
IRS990ScheduleD/EquipmentGrp/BookValueAmt0142321
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0175638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0317959
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0767171
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012892
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1828565
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221494
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3130679
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3FINANCING FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0710939
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, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01889972
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0993630
IRS990ScheduleD/TotalExpensesPerForm990Amt0767171
IRS990ScheduleD/TotalRevenuePerForm990Amt0710939
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0710939
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0767171
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, ONEHOLYOKE COMMUNITY DEVELOPMENT CORP (FKA 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 11B
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1237168031
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA

Document Assets

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Filings

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
Peer Organizations

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