Civic Intelligence

Both Development Inc

990 • Fiscal year 2016 • EIN 22-2541744

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 15, 2017

100 South Huntington AveBoston, MA 02130

(617) 277-4785

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

5th percentile

-91%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$161,709

Down $46,270 (-22%) from 2015

Net Assets

Down

$161,709

Down $46,270 (-22%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$51,087

Up $7,218 (+16%) from 2015

Expenses

Up

$97,357

Up $55,648 (+133%) from 2015

Net Income

Down

-$46,270

Down $48,430 (-2242%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $224,761Liabilities 2010: $0Net Assets 2010: $224,7612010Assets 2011: $230,007Liabilities 2011: $0Net Assets 2011: $230,0072011Assets 2012: $237,437Liabilities 2012: $0Net Assets 2012: $237,4372012Assets 2013: $220,942Liabilities 2013: $0Net Assets 2013: $220,9422013Assets 2014: $205,819Liabilities 2014: $0Net Assets 2014: $205,8192014Assets 2015: $207,979Liabilities 2015: $0Net Assets 2015: $207,9792015Assets 2016: $161,709Liabilities 2016: $0Net Assets 2016: $161,7092016Assets 2017: $149,511Liabilities 2017: $0Net Assets 2017: $149,5112017Assets 2018: $196,808Liabilities 2018: $0Net Assets 2018: $196,8082018Assets 2019: $199,934Liabilities 2019: $4,175Net Assets 2019: $195,7592019Assets 2020: $226,882Liabilities 2020: $4,425Net Assets 2020: $222,4572020Assets 2021: $208,678Liabilities 2021: $18,115Net Assets 2021: $190,5632021Assets 2022: $188,303Liabilities 2022: $5,471Net Assets 2022: $182,8322022Assets 2023: $227,734Liabilities 2023: $5,528Net Assets 2023: $222,2062023Assets 2024: $335,516Liabilities 2024: $1,266Net Assets 2024: $334,2502024

Highlighted filing

2016

Assets$161,709
Liabilities$0
Net Assets$161,709

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $38,3652010Expenses 2011: $31,8972011Expenses 2012: $31,0332012Revenue 2013: $37,741Expenses 2013: $54,236Net Income 2013: -$16,4952013Revenue 2014: $36,489Expenses 2014: $51,612Net Income 2014: -$15,1232014Revenue 2015: $43,869Expenses 2015: $41,709Net Income 2015: $2,1602015Revenue 2016: $51,087Expenses 2016: $97,357Net Income 2016: -$46,2702016Revenue 2017: $13,645Expenses 2017: $25,843Net Income 2017: -$12,1982017Revenue 2018: $75,682Expenses 2018: $28,385Net Income 2018: $47,2972018Revenue 2019: $73,179Expenses 2019: $39,593Net Income 2019: $33,5862019Revenue 2020: $60,826Expenses 2020: $34,128Net Income 2020: $26,6982020Revenue 2021: $103,406Expenses 2021: $135,300Net Income 2021: -$31,8942021Revenue 2022: $94,197Expenses 2022: $101,928Net Income 2022: -$7,7312022Revenue 2023: $93,626Expenses 2023: $54,252Net Income 2023: $39,3742023Revenue 2024: $160,315Expenses 2024: $48,271Net Income 2024: $112,0442024

Highlighted filing

2016

Revenue$51,087
Expenses$97,357
Net Income-$46,270
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 15, 2017
Return Version
2015v3.0
Gross Receipts
$51,087
Mission and Program Overview

Mission

To provide low-income housing in the Mission Hill section of Boston Massachusetts

To provide low-income housing in the mission hill section of boston massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$80,420$80,541▲ $121
Land, Buildings, and Equipment, Net$59,423$51,138▼ $8,285
Cash and Non-Interest-Bearing Accounts$64,770$26,664▼ $38,106
Other Notes and Loans Receivable, Net$3,366$3,366→ $0
Total Assets$207,979$161,709▼ $46,270
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$207,979$161,709▼ $46,270
Total Net Assets Fund Balance$207,979$161,709▼ $46,270
Total Liabilities and Net Assets / Fund Balance$207,979$161,709▼ $46,270

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,314$222,599$252,913
Other Land Buildings$0$33,433$33,433
Land$20,824-$20,824
Compensation and Service Providers

Board Members and Trustees

NameTitle
Catherine GallagherPRESIDENT; DIRECTOR
Richard GiordanoVICE PRESIDENT; DIRECTOR
Christine CurtissCLERK; DIRECTOR
Corinne KeltonDirector
David WelhelmiDirector
Harold KnightDirector
Ida GravesDirector
James BordersDirector
Maggie CohnDirector
Patricia FlahertyDirector
Barbara DessesaureTREASURER; DIRECTOR
Revenue and Support

Revenue Composition

Contributions and Grants
$41,728
Program Service Revenue
$9,239
Investment Income
$120
Other Revenue
$0
Change in Net Assets
$-46,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$67,290
Other Expenses$30,067
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$67,290--$67,290
Occupancy$16,888--$16,888
Depreciation Depletion$8,285--$8,285
Insurance-$4,859-$4,859
Office Expenses-$35-$35
Total Functional Expenses$92,463$4,894$0$97,357
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mission Hill Neighborhood Housing Services IncRoxbury, MA501(c)(3)Improvements to Low Income Housing Project$67,290
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
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
No
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

Minutes are maintained for board meetings. There are no committees.

Form 990, Part VI, Section B, Line 11

Form 990 was reviewed by the treasurer prior to filing. The form 990 will be provided to the board at its next meeting.

Form 990, Part VI, Section B, Line 12

The board is aware of conflict of interest rules and complies with these rules without policy guidelines.

Form 990, Part VI, Section B, Line 15

There are no paid employees. The officers and directors are not compensated; accordingly, there are no procedures in place to determine or approve compensation.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request. There are no financial statements prepared for the period and there are no written conflict of interest policies.

Filing and Contact Details

Filer

Filer Name
Both Development Inc
EIN
22-2541744
Phone
6172774785
Address
100 SOUTH HUNTINGTON AVE, BOSTON, MA 02130

Signing Officer

Name
Richard Giordano
Title
President
Phone
6172774785
Signed
2017-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Giordano
Formed
1984
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Raw XML AppendixShowing 400 of 443 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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IRS990ScheduleA/Total509Grp/TotalAmt0206989
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt051087
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt043869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt036489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt037741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt038463
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0207649
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt030314
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0222599
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0252913
IRS990ScheduleD/LandGrp/BookValueAmt020824
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020824
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033433
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033433
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051138
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt067290
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0IMPROVEMENTS TO LOW INCOME HOUSING PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MISSION HILL NEIGHBORHOOD HOUSING SERVICES INC
IRS990ScheduleI/RecipientTable/RecipientEIN0237428011
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01620 TREMONT STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROXBURY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002120
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE MAINTAINED FOR BOARD MEETINGS. THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS REVIEWED BY THE TREASURER PRIOR TO FILING. THE FORM 990 WILL BE PROVIDED TO THE BOARD AT ITS NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS AWARE OF CONFLICT OF INTEREST RULES AND COMPLIES WITH THESE RULES WITHOUT POLICY GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO PAID EMPLOYEES. THE OFFICERS AND DIRECTORS ARE NOT COMPENSATED; ACCORDINGLY, THERE ARE NO PROCEDURES IN PLACE TO DETERMINE OR APPROVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THERE ARE NO FINANCIAL STATEMENTS PREPARED FOR THE PERIOD AND THERE ARE NO WRITTEN CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
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/DisregardedEntityName/BusinessNameLine1Txt0BACK OF THE HILL COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BACK OF THE HILL COMMUNITY DEVELOPMENT ASSN INC (CO COMMUNITY BUILDERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222546200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1042660129
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REAL ESTATE MANAGEMENT - LOW INCOME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1OWN LAND AND PROVIDE FINANCING FOR LOW INCOME HOUSING PROJECT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 SOUTH HUNTINGTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1185 DARTMOUTH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102116
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0207979
IRS990/TotalAssetsEOYAmt0161709
IRS990/TotalAssetsGrp/BOYAmt0207979
IRS990/TotalAssetsGrp/EOYAmt0161709
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt041728
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04894
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt092463
IRS990/TotalFunctionalExpensesGrp/TotalAmt097357
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0207979
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0161709
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt092463
IRS990/TotalProgramServiceRevenueAmt09239
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051087
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0207979
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0161709

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.01$3.34$1.60$0.48$1.12
2023Summary only. Only limited summary data is available for this year.$2.28$0.06$2.22$0.94$0.54$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.05$1.83$0.94$1.02$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.18$1.91$1.03$1.35$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.04$2.22$0.61$0.34$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.04$1.96$0.73$0.40$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.00$1.97$0.76$0.28$0.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.00$1.50$0.14$0.26$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.51$0.97$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.44$0.42$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.36$0.52$0.15
2013Summary only. Only limited summary data is available for this year.$2.21$0.00$2.21$0.38$0.54$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.00$2.37$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.00$2.25$0.38