Civic Intelligence

Acre Triangle Community Development Corporation

990 • Fiscal year 2018 • EIN 22-2527669

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

517 Moody StreetLowell, MA 01854

(978) 452-7523

Siviq Scores

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

Liabilities / Assets

60th percentile

0.17x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.47x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

2nd percentile

-126%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

79th percentile

$129,178

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 53.2% of source-year revenue.

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

Asset Growth

52nd percentile

1.6%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

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

Assets

Up

$2,158,576

Up $32,975 (+1.6%) from 2017

Net Assets

Down

$1,800,666

Down $305,707 (-15%) from 2017

Liabilities

Up

$357,910

Up $338,682 (+1761%) from 2017

Revenue

Up

$243,028

Up $30,911 (+15%) from 2017

Expenses

Up

$548,735

Up $340,319 (+163%) from 2017

Net Income

Down

-$305,707

Down $309,408 (-8360%) 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$0Assets 2010: $4,125,685Liabilities 2010: $9,954Net Assets 2010: $4,115,7312010Assets 2011: $4,173,024Liabilities 2011: $10,087Net Assets 2011: $4,162,9372011Assets 2012: $4,204,758Liabilities 2012: $9,003Net Assets 2012: $4,195,7552012Assets 2013: $4,236,218Liabilities 2013: $6,711Net Assets 2013: $4,229,5072013Assets 2014: $4,263,081Liabilities 2014: $13,017Net Assets 2014: $4,250,0642014Assets 2015: $4,235,413Liabilities 2015: $9,142Net Assets 2015: $4,226,2712015Assets 2016: $2,115,045Liabilities 2016: $12,373Net Assets 2016: $2,102,6722016Assets 2017: $2,125,601Liabilities 2017: $19,228Net Assets 2017: $2,106,3732017Assets 2018: $2,158,576Liabilities 2018: $357,910Net Assets 2018: $1,800,6662018Assets 2019: $2,008,415Liabilities 2019: $294,136Net Assets 2019: $1,714,2792019Assets 2020: $2,022,221Liabilities 2020: $284,531Net Assets 2020: $1,737,6902020Assets 2021: $2,076,790Liabilities 2021: $304,039Net Assets 2021: $1,772,7512021Assets 2022: $2,094,323Liabilities 2022: $306,831Net Assets 2022: $1,787,4922022Assets 2023: $2,065,477Liabilities 2023: $310,899Net Assets 2023: $1,754,5782023Assets 2024: $2,097,629Liabilities 2024: $294,114Net Assets 2024: $1,803,5152024

Highlighted filing

2018

Assets$2,158,576
Liabilities$357,910
Net Assets$1,800,666

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $123,7972010Expenses 2011: $125,0872011Revenue 2012: $172,293Expenses 2012: $139,475Net Income 2012: $32,8182012Revenue 2013: $175,933Expenses 2013: $142,181Net Income 2013: $33,7522013Revenue 2014: $175,810Expenses 2014: $155,253Net Income 2014: $20,5572014Revenue 2015: $177,680Expenses 2015: $201,473Net Income 2015: -$23,7932015Revenue 2016: $183,268Expenses 2016: $2,306,867Net Income 2016: -$2,123,5992016Revenue 2017: $212,117Expenses 2017: $208,416Net Income 2017: $3,7012017Revenue 2018: $243,028Expenses 2018: $548,735Net Income 2018: -$305,7072018Revenue 2019: $251,855Expenses 2019: $245,196Net Income 2019: $6,6592019Revenue 2020: $258,264Expenses 2020: $255,898Net Income 2020: $2,3662020Revenue 2021: $279,208Expenses 2021: $271,593Net Income 2021: $7,6152021Revenue 2022: $304,548Expenses 2022: $289,807Net Income 2022: $14,7412022Revenue 2023: $313,310Expenses 2023: $346,224Net Income 2023: -$32,9142023Revenue 2024: $342,547Expenses 2024: $293,610Net Income 2024: $48,9372024

Highlighted filing

2018

Revenue$243,028
Expenses$548,735
Net Income-$305,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$243,028
Mission and Program Overview

Mission

Manage affordable housing

Property management - manages properties developed to house low and moderate income residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$443,275$420,701▼ $22,574
Cash and Non-Interest-Bearing Accounts$108,406$141,859▲ $33,453
Intangible Assets-$6,683-
Prepaid Expenses and Deferred Charges$3,151$6,596▲ $3,445
Accounts Receivable-$100-
Total Assets$2,125,601$2,158,576▲ $32,975
Other Assets Total$1,570,769$1,582,637▲ $11,868
Liabilities
Mortgage Notes Payable Secured by Investment Property-$293,184-
Accounts Payable and Accrued Expenses$17,106$32,446▲ $15,340
Other Liabilities$2,122$32,280▲ $30,158
Total Liabilities$19,228$357,910▲ $338,682
Net Assets / Fund Balance
Unrestricted Net Assets$2,106,373$1,800,666▼ $305,707
Total Net Assets Fund Balance$2,106,373$1,800,666▼ $305,707
Total Liabilities and Net Assets / Fund Balance$2,125,601$2,158,576▲ $32,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$277,208$300,311-
Land$76,886--
Equipment$66,607$2,153-
Other Assets Org$160--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Yun Ju ChoiExecutive DirectorFT$129,178$129,178
Michele WittsCheif Finacial OfficerFT$102,306$102,306

Board Members and Trustees

NameTitle
Kerry Regan KennessPresident
Paul GaudetVice President
Adam BaackeDirector
Carmen BermudezDirector
Claire RickerDirector
Diego LeonardoDirector
Eric PonnDirector
Gerardo VidalDirector
Lozith NzulaDirector
Masada JonesDirector
Milagros LopezDirector
Richard ChavezDirector
Sixto DejesusDirector
Matthew KalilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$214,950
Investment Income
$146
Other Revenue
$27,932
Change in Net Assets
$-305,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$348,658
Other Expenses$175,374
Salaries, Compensation, and Employee Benefits$24,703
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$348,658--$348,658
Depreciation Depletion$23,524--$23,524
Other Salaries and Wages$20,341--$20,341
Insurance$11,536--$11,536
Interest$10,938--$10,938
Other Expenses$20,224$9,662-$9,662
Fees for Services Accounting$6,000--$6,000
All Other Expenses-$4,189-$4,189
Office Expenses$4,103--$4,103
Other Employee Benefits$2,540--$2,540
Payroll Taxes$1,822--$1,822
Fees for Services Legal$1,066--$1,066
Total Functional Expenses$534,884$13,851$0$548,735
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Coalition for a Better Acre IncLowell, MA501(c)(3)Support Operations$348,658
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
Due to Affiliates$30,060
Security Deposits$2,021
Prepaid Rent$199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board of directors reviews and approves the form 990 if there are no questions or concerns for the auditing firm.

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

The company reviews the policy annually at a board meeting where board members sign an affidavit stating that they will adhere to the policy.

Form 990, Part VI, Section B, Line 15

A review of compensation for executive directors of comparably sized community development corporations was performed by the board in conjuction with the hiring of the executive director. The executive director periodically reviews such data for key management staff to ensure salaries are in line with comparable organizations by size, geography and mission focus.

Form 990, Part VI, Section C, Line 19

These documents are available to the public on request.

Filing and Contact Details

Filer

Filer Name
Acre Triangle Community Development
EIN
22-2527669
Phone
9784527523
Address
517 MOODY STREET, LOWELL, MA 01854

Signing Officer

Name
Matthew Kalil
Title
Treasurer
Phone
9784527523
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Kalil
Formed
1983
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
12 POST OFFICE SQUARE 4TH FLOOR, BOSTON, MA 02109
Preparer
Charles a Rhuda Iii
Phone
6173301920
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant. This process is consistent with prior years.

Financial Statement Notes

PART X, LINE 2:

The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the company to report information regarding its exposure to various tax positions taken by the company. The company has determined whether any tax positions have met the recognition threshold and has measured the company's exposure to those tax positions. Management believes that the company has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the company are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

Form 990, Part IV, Line 11F

The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the company to report information regarding its exposure to various tax positions taken by the company. The company has determined whether any tax positions have met the recognition threshold and has measured the company's exposure to those tax positions. Management believes that the company has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the company are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14CHEIF FINACIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MANAGE AFFORDABLE HOUSING
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0293184
IRS990/NetAssetsOrFundBalancesBOYAmt02106373
IRS990/NetAssetsOrFundBalancesEOYAmt01800666
IRS990/NetUnrelatedBusTxblIncmAmt026932
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt04103
IRS990/OfficeExpensesGrp/TotalAmt04103
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01570769
IRS990/OtherAssetsTotalGrp/EOYAmt01582637
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02540
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02540
IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3PROPERTY MANAGEMENT FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09662
IRS990/OtherExpensesGrp/ProgramServicesAmt042121
IRS990/OtherExpensesGrp/ProgramServicesAmt142011
IRS990/OtherExpensesGrp/ProgramServicesAmt220224
IRS990/OtherExpensesGrp/TotalAmt042121
IRS990/OtherExpensesGrp/TotalAmt142011
IRS990/OtherExpensesGrp/TotalAmt220224
IRS990/OtherExpensesGrp/TotalAmt39662
IRS990/OtherLiabilitiesGrp/BOYAmt02122
IRS990/OtherLiabilitiesGrp/EOYAmt032280
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt027932
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027932
IRS990/OtherRevenueTotalAmt027932
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020341
IRS990/OtherSalariesAndWagesGrp/TotalAmt020341
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01822
IRS990/PayrollTaxesGrp/TotalAmt01822
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03151
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06596
IRS990/PrincipalOfficerNm0MATTHEW KALIL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0214950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0214950
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt045000
IRS990/PYInvestmentIncomeAmt0137
IRS990/PYOtherExpensesAmt0140175
IRS990/PYOtherRevenueAmt026400
IRS990/PYProgramServiceRevenueAmt0185580
IRS990/PYRevenuesLessExpensesAmt03701
IRS990/PYSalariesCompEmpBnftPaidAmt023241
IRS990/PYTotalExpensesAmt0208416
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0212117
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-305707
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0243028
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0146
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0198
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0747
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0214950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0185580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0156684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0148943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0175612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0881769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0146
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0747
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt027932
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt026400
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt026455
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt028600
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0109387
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88900
IRS990ScheduleA/PublicSupportPY509Pct00.90780
IRS990ScheduleA/PublicSupportTotal509Amt0881769
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0214950
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0185580
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0156684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0148943
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0175612
IRS990ScheduleA/Total509Grp/TotalAmt0881769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0243028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0212117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0183268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0177680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0175810
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0991903
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0277208
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0300311
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0577519
IRS990ScheduleD/EquipmentGrp/BookValueAmt066607
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02153
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt068760
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt076886
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt076886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01352582
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt169719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2160176
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3160
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RECEIVABLES FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NET INVESTMENT IN SUBSIDIARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART IV, LINE 11F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0420701
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01582637
IRS990ScheduleD/TotalLiabilityAmt032280
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0348658
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COALITION FOR A BETTER ACRE INC
IRS990ScheduleI/RecipientTable/RecipientEIN0042760272
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0517 MOODY STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOWELL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001854
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 IF THERE ARE NO QUESTIONS OR CONCERNS FOR THE AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPANY REVIEWS THE POLICY ANNUALLY AT A BOARD MEETING WHERE BOARD MEMBERS SIGN AN AFFIDAVIT STATING THAT THEY WILL ADHERE TO THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW OF COMPENSATION FOR EXECUTIVE DIRECTORS OF COMPARABLY SIZED COMMUNITY DEVELOPMENT CORPORATIONS WAS PERFORMED BY THE BOARD IN CONJUCTION WITH THE HIRING OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR PERIODICALLY REVIEWS SUCH DATA FOR KEY MANAGEMENT STAFF TO ENSURE SALARIES ARE IN LINE WITH COMPARABLE ORGANIZATIONS BY SIZE, GEOGRAPHY AND MISSION FOCUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.29$1.80$0.34$0.29$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.31$1.75$0.31$0.35$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.31$1.79$0.30$0.29$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.08$0.30$1.77$0.28$0.27$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.28$1.74$0.26$0.26$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.29$1.71$0.25$0.25$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.16$0.36$1.80$0.24$0.55$0.31
2017Detailed filing. Detailed filing data is available for this year.$2.13$0.02$2.11$0.21$0.21$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.12$0.01$2.10$0.18$2.31$2.12
2015Detailed filing. Detailed filing data is available for this year.$4.24$0.01$4.23$0.18$0.20$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.26$0.01$4.25$0.18$0.16$0.02
2013Detailed filing. Detailed filing data is available for this year.$4.24$0.01$4.23$0.18$0.14$0.03
2012Summary only. Only limited summary data is available for this year.$4.20$0.01$4.20$0.17$0.14$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.01$4.16$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.13$0.01$4.12$0.12