Civic Intelligence

Augustana Homes of Greenwich Inc

990 • Fiscal year 2013 • EIN 22-2511034

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

238 Jewett Avenue06606

(203) 416-1390

Siviq Scores

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

Liabilities / Assets

97th percentile

1.66x

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

94th percentile

2.77x

Higher debt load relative to revenue than 94% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

51st percentile

3.2%

Higher net margin than 51% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

95th percentile

$150,552

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 31.2% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

23rd percentile

-5.5%

Faster asset growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

46th percentile

2.6%

Faster revenue growth than 46% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Assets

Down

$805,998

Down $47,347 (-5.5%) from 2012

Net Assets

Up

-$531,437

Up $15,467 (+2.8%) from 2012

Liabilities

Down

$1,337,435

Down $62,814 (-4.5%) from 2012

Revenue

Up

$482,309

Up $12,156 (+2.6%) from 2012

Expenses

Up

$466,842

Up $1,331 (+0.3%) from 2012

Net Income

Up

$15,467

Up $10,825 (+233%) from 2012

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $919,524Liabilities 2010: $1,479,386Net Assets 2010: -$559,8622010Assets 2011: $909,211Liabilities 2011: $1,448,803Net Assets 2011: -$539,5922011Assets 2012: $853,345Liabilities 2012: $1,400,249Net Assets 2012: -$546,9042012Assets 2013: $805,998Liabilities 2013: $1,337,435Net Assets 2013: -$531,4372013Assets 2014: $733,078Liabilities 2014: $1,276,197Net Assets 2014: -$543,1192014Assets 2015: $663,884Liabilities 2015: $1,185,245Net Assets 2015: -$521,3612015Assets 2016: $603,408Liabilities 2016: $1,039,333Net Assets 2016: -$435,9252016

Highlighted filing

2013

Assets$805,998
Liabilities$1,337,435
Net Assets-$531,437

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $458,092Expenses 2010: $458,297Net Income 2010: -$2052010Revenue 2011: $480,191Expenses 2011: $459,921Net Income 2011: $20,2702011Revenue 2012: $470,153Expenses 2012: $465,511Net Income 2012: $4,6422012Revenue 2013: $482,309Expenses 2013: $466,842Net Income 2013: $15,4672013Revenue 2014: $486,822Expenses 2014: $498,504Net Income 2014: -$11,6822014Revenue 2015: $529,881Expenses 2015: $484,466Net Income 2015: $45,4152015Revenue 2016: $544,126Expenses 2016: $458,690Net Income 2016: $85,4362016

Highlighted filing

2013

Revenue$482,309
Expenses$466,842
Net Income$15,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$482,309
Mission and Program Overview

Mission

To provide affordable housing for the low income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$668,511$632,401▼ $36,110
Cash and Non-Interest-Bearing Accounts$59,858$83,503▲ $23,645
Accounts Receivable$3,150$971▼ $2,179
Total Assets$853,345$805,998▼ $47,347
Other Assets Total$121,826$89,123▼ $32,703
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,173,138$1,117,113▼ $56,025
Other Liabilities$150,064$149,912▼ $152
Accounts Payable and Accrued Expenses$64,262$54,560▼ $9,702
Escrow Account Liability$12,758$14,025▲ $1,267
Deferred Revenue$27$1,825▲ $1,798
Total Liabilities$1,400,249$1,337,435▼ $62,814
Net Assets / Fund Balance
Unrestricted Net Assets$-546,904$-531,437▲ $15,467
Total Net Assets Fund Balance$-546,904$-531,437▲ $15,467
Total Liabilities and Net Assets / Fund Balance$853,345$805,998▼ $47,347

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$604,727$1,436,930$2,041,657
Other Land Buildings$26,983$99,316$126,299
Equipment$691$10,002$10,693
Other Assets Org$1,788--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Anne O MccrorySecretary &$150,552$150,552
Teresa NunesInterim CFO$136,518$136,518
Reverend Alan DetscherDirector$43,256$43,256
Monsignor J Peter CullenVP, Asst Tre$42,573$42,573
Monsignor Jerald a DoylePres, Treas,$39,128$39,128
Monsignor William J ScheydVice Pres &$38,969$38,969
Monsignor Thomas J DriscollVice Pres &$38,120$38,120
Bishop Frank J CaggianoPres, Treas,$18,538$18,538

Board Members and Trustees

NameTitle
James Ruane EsqDirector
Robert N Talarico EsqDirector
Anne O MccrorySecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$482,293
Investment Income
$16
Other Revenue
$0
Change in Net Assets
$15,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$482,309
Total Revenue per Audited Statements
$482,309
Total Revenue per Form 990
$482,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$466,842
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
Interest$105,739--$105,739
Depreciation Depletion$60,321--$60,321
Occupancy$53,856--$53,856
Fees for Services Management-$23,133-$23,133
Office Expenses-$22,430-$22,430
Fees for Services Accounting-$10,950-$10,950
Other Expenses$10,308$30,084-$10,308
Insurance$6,335--$6,335
Total Functional Expenses$380,245$86,597$0$466,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$466,842
Total Expenses per Audited Statements$466,842
Total Expenses per Form 990$466,842
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Schedule O--No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances - Bpt Rom Cath Dio Co$149,912
Surplus Cash Obligation to Hud-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Winnresidential connecticut, llc, 6 faneuil hall, boston, ma 02109.

Form 990, Page 6, Part VI, Line 6

Members, as the organization is a not-for-profit, connecticut non-stock corporation.

Form 990, Page 6, Part VI, Line 7A

Members elect the directors of the corporation.

Form 990, Page 6, Part VI, Line 7B

Final decisions regarding (a) purchase, sale, or lease of land and buildings; (b) sale, gift, or other disposition of capital assets of the corporation; (c) appointment or discharge of the chief administrative officer of the corporation; (d) dissolution of the corporation.

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

Form 990 was prepared by cpa firm and reviewed in detail by the organization's chief financial officer. The completed form 990 was provided to the organization's directors for their review and comment prior to filing.

Form 990, Page 6, Part VI, Line 19

Audited financial statements and governing documents made available for inspection upon request.

Filing and Contact Details

Filer

EIN
22-2511034
Phone
2034161390

Signing Officer

Name
Michael Hanlon
Title
Chief Financial Officer
Phone
2034161390
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Same as C Above
Formed
1982
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Preparer
Glenn J Nanavaty
Phone
2034268500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference 60,321

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

TENANT SECURITY DEPOSITS

Schedule D, Page 3, Part X

The project recognizes the benefits of income tax positions only if those positions are more likely than not of being sustained. The project is subject to routine audits by the internal revenue service. There are currently no audits for any tax periods in progress and the project believes that it is no longer subject to audits for the years prior to 2010.

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 60,321

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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RevenueAmt0482293
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0482293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0470144
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0480191
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0458092
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0443087
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02333807
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt046
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt02333807
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0482293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0470144
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0480191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0458092
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0443087
IRS990ScheduleA/Total509Grp/TotalAmt02333807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0482309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0470153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0480191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0458092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0443108
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02333853
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0604727
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01436930
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02041657
IRS990ScheduleD/EquipmentGrp/BookValueAmt0691
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010002
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010693
IRS990ScheduleD/ExpensesSubtotalAmt0466842
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt063733
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115850
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt27752
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31788
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTR DEP FOR REPL OF P & E
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTR DEP - RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED FINANCING COSTS, NET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026983
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt099316
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0149912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES - BPT ROM CATH DIO CO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SURPLUS CASH OBLIGATION TO HUD
IRS990ScheduleD/RevenueSubtotalAmt0482309
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT RECOGNIZES THE BENEFITS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY THE INTERNAL REVENUE SERVICE. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS AND THE PROJECT BELIEVES THAT IT IS NO LONGER SUBJECT TO AUDITS FOR THE YEARS PRIOR TO 2010.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 60,321
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0632401
IRS990ScheduleD/TotalBookValueOtherAssetsAmt089123
IRS990ScheduleD/TotalExpensesPerForm990Amt0466842
IRS990ScheduleD/TotalLiabilityAmt0149912
IRS990ScheduleD/TotalRevenuePerForm990Amt0482309
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0482309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0466842
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0150552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANNE O MCCRORY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY & DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0150552
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WINNRESIDENTIAL CONNECTICUT, LLC, 6 FANEUIL HALL, BOSTON, MA 02109.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS, AS THE ORGANIZATION IS A NOT-FOR-PROFIT, CONNECTICUT NON-STOCK CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT THE DIRECTORS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINAL DECISIONS REGARDING (A) PURCHASE, SALE, OR LEASE OF LAND AND BUILDINGS; (B) SALE, GIFT, OR OTHER DISPOSITION OF CAPITAL ASSETS OF THE CORPORATION; (C) APPOINTMENT OR DISCHARGE OF THE CHIEF ADMINISTRATIVE OFFICER OF THE CORPORATION; (D) DISSOLUTION OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 WAS PREPARED BY CPA FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. THE COMPLETED FORM 990 WAS PROVIDED TO THE ORGANIZATION'S DIRECTORS FOR THEIR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS MADE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 60,321
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0061289770
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10AUGUSTANA HOMES ASSOC LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine10238 JEWETT AVENUE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City0BRIDGEPORT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State0CT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode006606
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10SEE SCHEDULE O
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true

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