Civic Intelligence

Independence Square Foundation

990 • Fiscal year 2017 • EIN 22-2527265

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

Organization ProfileWWW.ISFNE.ORG

View Organization Page

500 Prospect Street No 303Pawtucket, RI 02860

(401) 722-9540

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.71x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.96x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

25th percentile

-4.6%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$169,089

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

18th percentile

-4.0%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

1.8%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$8,934,894

Down $369,047 (-4.0%) from 2016

Net Assets

Down

$2,594,289

Down $130,356 (-4.8%) from 2016

Liabilities

Down

$6,340,605

Down $238,691 (-3.6%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin25th percentile

Revenue

Up

$1,602,133

Up $28,930 (+1.8%) from 2016

Expenses

Up

$1,676,241

Up $113,154 (+7.2%) from 2016

Net Income

Down

-$74,108

Down $84,224 (-833%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$15M$10M$5.0M$0Assets 2010: $11,582,012Liabilities 2010: $8,397,056Net Assets 2010: $3,184,9562010Assets 2011: $11,189,218Liabilities 2011: $8,228,206Net Assets 2011: $2,961,0122011Assets 2012: $10,805,587Liabilities 2012: $8,002,810Net Assets 2012: $2,802,7772012Assets 2013: $10,412,677Liabilities 2013: $7,645,970Net Assets 2013: $2,766,7072013Assets 2014: $10,115,023Liabilities 2014: $7,377,884Net Assets 2014: $2,737,1392014Assets 2015: $9,668,085Liabilities 2015: $6,953,556Net Assets 2015: $2,714,5292015Assets 2016: $9,303,941Liabilities 2016: $6,579,296Net Assets 2016: $2,724,6452016Assets 2017: $8,934,894Liabilities 2017: $6,340,605Net Assets 2017: $2,594,2892017Assets 2018: $8,671,844Liabilities 2018: $6,109,961Net Assets 2018: $2,561,8832018Assets 2019: $8,324,273Liabilities 2019: $5,859,771Net Assets 2019: $2,464,5022019Assets 2020: $8,935,644Liabilities 2020: $6,457,321Net Assets 2020: $2,478,3232020Assets 2021: $9,396,221Liabilities 2021: $6,251,890Net Assets 2021: $3,144,3312021Assets 2022: $9,128,284Liabilities 2022: $6,051,270Net Assets 2022: $3,077,0142022Assets 2023: $9,231,337Liabilities 2023: $6,308,559Net Assets 2023: $2,922,7782023Assets 2024: $8,792,214Liabilities 2024: $6,186,055Net Assets 2024: $2,606,1592024

Highlighted filing

2017

Assets$8,934,894
Liabilities$6,340,605
Net Assets$2,594,289
Open 2017 Filing

Operations Trend

Revenue Growth41st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,765,6402010Expenses 2011: $1,779,1632011Expenses 2012: $1,728,1802012Revenue 2013: $1,597,255Expenses 2013: $1,633,325Net Income 2013: -$36,0702013Revenue 2014: $1,596,185Expenses 2014: $1,625,753Net Income 2014: -$29,5682014Revenue 2015: $1,670,310Expenses 2015: $1,692,920Net Income 2015: -$22,6102015Revenue 2016: $1,573,203Expenses 2016: $1,563,087Net Income 2016: $10,1162016Revenue 2017: $1,602,133Expenses 2017: $1,676,241Net Income 2017: -$74,1082017Revenue 2018: $1,644,937Expenses 2018: $1,729,993Net Income 2018: -$85,0562018Revenue 2019: $1,667,167Expenses 2019: $1,746,548Net Income 2019: -$79,3812019Revenue 2020: $1,742,746Expenses 2020: $1,728,925Net Income 2020: $13,8212020Revenue 2021: $2,506,000Expenses 2021: $1,839,992Net Income 2021: $666,0082021Revenue 2022: $1,793,257Expenses 2022: $1,860,574Net Income 2022: -$67,3172022Revenue 2023: $1,834,921Expenses 2023: $2,008,244Net Income 2023: -$173,3232023Revenue 2024: $1,755,740Expenses 2024: $2,095,036Net Income 2024: -$339,2962024

Highlighted filing

2017

Revenue$1,602,133
Expenses$1,676,241
Net Income-$74,108
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$1,602,133
Mission and Program Overview

Mission

SEE PART I, LINE 1

Independence square foundation, inc. Is a non-profit management organization dedicated to providing state of the art office space, program facilities, meeting rooms and cost shared office services to other non-profit corporations, particularly to those serving the needs of people with disabilities. The organization operates from facilities located in pawtucket and kingston, rhode island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,253,487$8,885,487▼ $368,000
Cash and Non-Interest-Bearing Accounts$44,663$43,178▼ $1,485
Prepaid Expenses and Deferred Charges$4,748$5,816▲ $1,068
Accounts Receivable$1,037$413▼ $624
Savings and Temporary Cash Investments$6--
Total Assets$9,303,941$8,934,894▼ $369,047
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,348,604$6,054,933▼ $293,671
Accounts Payable and Accrued Expenses$138,192$198,172▲ $59,980
Other Liabilities$92,500$87,500▼ $5,000
Total Liabilities$6,579,296$6,340,605▼ $238,691
Net Assets / Fund Balance
Unrestricted Net Assets$2,724,645$2,594,289▼ $130,356
Total Net Assets Fund Balance$2,724,645$2,594,289▼ $130,356
Total Liabilities and Net Assets / Fund Balance$9,303,941$8,934,894▼ $369,047

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,994,228$2,739,738$9,733,966
Buildings$1,544,308$3,132,951$4,677,259
Land$325,000-$325,000
Equipment$6,104$64,009$70,113
Other Land Buildings$15,847$45,409$61,256
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John J Padien IiiExecutive DirectorPT$153,995$15,094$169,089

Board Members and Trustees

NameTitle
William J SzafarowickzPresident
Michael R BenoitDirector
Paul M DepaceDirector
Thomas E HodgeDirector
Henrique T PedroSecretary
Mark SaccoccioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,000
Program Service Revenue
$1,580,056
Investment Income
$0
Other Revenue
$9,077
All Other Contributions
$13,000
Change in Net Assets
$-74,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,318,479
Salaries, Compensation, and Employee Benefits$357,762
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$754,363$1,784-$756,147
Depreciation Depletion$368,000$6,980-$374,980
Current Officers, Directors, Trustees, and Key Employees-$169,503-$169,503
Other Salaries and Wages$23,160$133,215-$156,375
Insurance$71,142$16,443-$87,585
Payroll Taxes$1,671$21,970-$23,641
Fees for Services Other-$17,710-$17,710
Travel-$10,936-$10,936
All Other Expenses$8,386$2,160-$10,546
Fees for Services Accounting-$9,000-$9,000
Office Expenses-$8,389-$8,389
Other Expenses$11,094$4,835-$4,835
Pension Plan Contributions-$4,322-$4,322
Other Employee Benefits-$3,921-$3,921
Fees for Services Legal-$2,970-$2,970
Total Functional Expenses$1,237,816$438,425$0$1,676,241
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
TENANTS' DEPOSITS AND PREPAID RENT$87,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
CEO compensation reviewed
Yes
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, Part VI, Section A, Line 8B

“The board does not have formal committees.”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be presented to the board of directors for review. Once reviewed the board will take appropriate action based on that review.”

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

“Any duality of interest or possible conflict of interest on the part of any director, officer or agent of the organization shall be disclosed to the board of directors and made a matter of record through an annual procedure and when the interest becomes a matter of board action, such disclosure shall be reflected in the record of the proceedings of the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Discussed, reviewed and approved at a board meeting.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available on guidestar.”

Filing and Contact Details

Filer

Filer Name
Independence Square Foundation
EIN
22-2527265
Phone
4017229540
Address
500 PROSPECT STREET NO 303, PAWTUCKET, RI 02860

Signing Officer

Name
John J Padien Iii
Title
Executive Director
Phone
4017229540
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Padien Iii
Formed
1984
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
5
Employees
8
Volunteers
0

Preparer

Firm
Restivo Monacelli Llp
Address
36 EXCHANGE TERRACE, PROVIDENCE, RI 02903
Preparer
Edmund a Restivo Jr Cpamst
Phone
4012737600
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The process has not changed from the prior year.”

Form 990, Page 11, Part X, Line 7

“The foundation received a donation of tax credits from the affordable project's sponsor during 2016 and the credits were sold to an outside investor. The proceeds were used to provide financing to a related affordable project. Fees associated with the transaction were paid from the proceeds. The total outstanding principal balance on the loan is $589,800. The loan has specific restrictions surrounding its use and due to its long-term deferred nature, the loan is fully reserved.”

Raw XML AppendixShowing 400 of 662 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/ProgramServiceRevenueGrp/Desc0RENTAL OF FACILITIES
IRS990/ProgramServiceRevenueGrp/Desc1SHARED SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01568599
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111457
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01568599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111457
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARED SERVICES / EQUIPMENT - PROVIDES THE USE OF OFFICE EQUIPMENT TO ORGANIZATIONS WITH EXEMPT PURPOSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010552
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013658
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01233453
IRS990/PYOtherRevenueAmt04264
IRS990/PYProgramServiceRevenueAmt01568939
IRS990/PYRevenuesLessExpensesAmt010116
IRS990/PYSalariesCompEmpBnftPaidAmt0329634
IRS990/PYTotalExpensesAmt01563087
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01573203
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-74108
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01575475
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0113000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01580056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01568939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01565808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01530523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01590577
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07835903
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09077
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0599064
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04502
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt065662
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06678
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0684983
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92070
IRS990ScheduleA/PublicSupportPY509Pct00.91880
IRS990ScheduleA/PublicSupportTotal509Amt07948903
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01593056
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01568939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01665808
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01530523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01590577
IRS990ScheduleA/Total509Grp/TotalAmt07948903
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01602133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02168003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01670310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01596185
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01597255
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08633886
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01544308
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03132951
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04677259
IRS990ScheduleD/EquipmentGrp/BookValueAmt06104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064009
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070113
IRS990ScheduleD/LandGrp/BookValueAmt0325000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0325000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06994228
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02739738
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09733966
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015847
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045409
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' DEPOSITS AND PREPAID RENT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08885487
IRS990ScheduleD/TotalLiabilityAmt087500
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0153995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount08386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02088
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN J PADIEN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0169089
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD DOES NOT HAVE FORMAL COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE REVIEWED THE BOARD WILL TAKE APPROPRIATE ACTION BASED ON THAT REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR, OFFICER OR AGENT OF THE ORGANIZATION SHALL BE DISCLOSED TO THE BOARD OF DIRECTORS AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION, SUCH DISCLOSURE SHALL BE REFLECTED IN THE RECORD OF THE PROCEEDINGS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCUSSED, REVIEWED AND APPROVED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION RECEIVED A DONATION OF TAX CREDITS FROM THE AFFORDABLE PROJECT'S SPONSOR DURING 2016 AND THE CREDITS WERE SOLD TO AN OUTSIDE INVESTOR. THE PROCEEDS WERE USED TO PROVIDE FINANCING TO A RELATED AFFORDABLE PROJECT. FEES ASSOCIATED WITH THE TRANSACTION WERE PAID FROM THE PROCEEDS. THE TOTAL OUTSTANDING PRINCIPAL BALANCE ON THE LOAN IS $589,800. THE LOAN HAS SPECIFIC RESTRICTIONS SURROUNDING ITS USE AND DUE TO ITS LONG-TERM DEFERRED NATURE, THE LOAN IS FULLY RESERVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 11, PART X, LINE 7
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd10N/A

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,934,894
Liabilities
$6,340,605
Net assets
$2,594,289
Revenue
$1,602,133
Expenses
$1,676,241
Net income
-$74,108
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$6.19$2.61$1.76$2.10$0.34
2023Summary only. Only limited summary data is available for this year.$9.23$6.31$2.92$1.83$2.01$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$6.05$3.08$1.79$1.86$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.40$6.25$3.14$2.51$1.84$0.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.94$6.46$2.48$1.74$1.73$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.32$5.86$2.46$1.67$1.75$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.67$6.11$2.56$1.64$1.73$0.09
2017Detailed filing. Detailed filing data is available for this year.$8.93$6.34$2.59$1.60$1.68$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$6.58$2.72$1.57$1.56$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.67$6.95$2.71$1.67$1.69$0.02
2014Summary only. Only limited summary data is available for this year.$10.1$7.38$2.74$1.60$1.63$0.03
2013Detailed filing. Detailed filing data is available for this year.$10.4$7.65$2.77$1.60$1.63$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$8.00$2.80$1.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$8.23$2.96$1.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$8.40$3.18$1.77