Civic Intelligence

M & O Housing Inc.

990 • Fiscal year 2019 • EIN 22-2607366

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 16, 2020

Organization ProfileWWW.LADACIN.ORG
1703 Kneeley BoulevardWanamassa, NJ 07712

(732) 493-5900

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.91x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

3.08x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

24th percentile

-7.6%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$211,710

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 140.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-11%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$511,520

No earlier filing loaded for comparison.

Net Assets

$48,471

No earlier filing loaded for comparison.

Liabilities

$463,049

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin24th percentile

Revenue

$150,485

No earlier filing loaded for comparison.

Expenses

$161,940

No earlier filing loaded for comparison.

Net Income

-$11,455

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$600K$400K$200K$0Assets 2019: $511,520Liabilities 2019: $463,049Net Assets 2019: $48,4712019

Highlighted filing

2019

Assets$511,520
Liabilities$463,049
Net Assets$48,471
Open 2019 Filing

Operations Trend

Revenue Growth23rd percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $150,485Expenses 2019: $161,940Net Income 2019: -$11,4552019

Highlighted filing

2019

Revenue$150,485
Expenses$161,940
Net Income-$11,455
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 16, 2020
Return Version
2018v3.1
Gross Receipts
$150,485
Mission and Program Overview

Mission

To provide housing for individuals with physical disabilities, enabling them to live independent, healthy and secure lives.

To provide housing for individuals with physical disabilities, enabling these people to live independent, healthy and secure lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$450,192$416,331▼ $33,861
Cash and Non-Interest-Bearing Accounts$28,562$18,669▼ $9,893
Prepaid Expenses and Deferred Charges-$685-
Accounts Receivable$1,922$33▼ $1,889
Total Assets$539,744$511,520▼ $28,224
Other Assets Total$59,068$75,802▲ $16,734
Liabilities
Mortgage Notes Payable Secured by Investment Property$458,370$438,428▼ $19,942
Other Liabilities$8,587$12,727▲ $4,140
Accounts Payable and Accrued Expenses$12,305$11,894▼ $411
Deferred Revenue$230--
Total Liabilities$479,492$463,049▼ $16,443
Net Assets / Fund Balance
Unrestricted Net Assets$60,252$48,471▼ $11,781
Total Net Assets Fund Balance$60,252$48,471▼ $11,781
Total Liabilities and Net Assets / Fund Balance$539,744$511,520▼ $28,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$361,324$823,685$1,185,009
Land$55,007-$55,007
Equipment$0$5,830$5,830
Other Assets Org$16,190--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleOtherTotal
Crystal PendryDirector of Finance$97,763$97,763

Board Members and Trustees

NameTitle
Harry V Osborne EsqPresident
Vincent Vivona Do JdVice-president
Patricia CarlesimoExecutive Director
Victor SbailoTrustee
Christine Russell GraySecretary
Stephan LowyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,474
Program Service Revenue
$44,552
Investment Income
$27
Other Revenue
$432
Change in Net Assets
$-11,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,940
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$37,497--$37,497
Depreciation Depletion$33,861--$33,861
Occupancy$19,151--$19,151
Fees for Services Management-$11,520-$11,520
Fees for Services Accounting-$10,541-$10,541
Insurance$9,123--$9,123
Office Expenses-$4,783-$4,783
Other Expenses$776$214-$214
Total Functional Expenses$134,882$27,058$0$161,940
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 Ladacin Network$5,480
Accrued Interest Payable$3,060
Tenant Security Deposits$2,432
Due to Hud$1,755
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

“Administrative and financial duties are delegated to ladacin network, inc. Who acts as managing agent.”

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

“The form 990 is reviewed in detail by the ceo and the cfo of the organization after thier review and approval, the 990 is sent to the board of directors prior to filing.”

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

“Board members sign a conflict of interest statement annually and the statement is reviewed on a semi-annual basis for any changes.”

Form 990, Part VI, Section C, Line 19

“The organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
M & O Housing Inc
EIN
22-2607366
Phone
7324935900
Address
1703 KNEELEY BOULEVARD, WANAMASSA, NJ 07712

Signing Officer

Name
Patricia Carlesimo
Title
Executive Director
Phone
7324935900
Signed
2020-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Carlesimo
Formed
1985
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“BAD DEBT -326.”

FORM 990, PART XII, LINE 2C:

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

Financial Statement Notes

PART X, LINE 2:

“The project is exempt from federal and state income taxes, under section 501(c)(3) of the internal revenue code and comparable state law. The project follows accounting standards that provide clarification on accounting for uncertainty in income taxes recognized in the project's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecorded tax benefits in income tax expense. No interest and penalties were recorded during the year ended june 30, 2019. At june 30, 2019, there are no significant income tax uncertainties.”

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IRS990/Desc0PROVIDED A BARRIER-FREE ENVIRONMENT AND PERMITTED ADULTS WHO HAVE DEVELOPMENTAL AND MULTIPLE PHYSICAL DISABILITIES TO RESIDE IN THEIR OWN APARTMENTS WITHIN THE COMMUNITY. THIRTEEN CLIENTS SERVED FOR 365 DAYS DURING THE YEAR. ADDITIONAL FUNDING FOR THIS PROGRAM IS PROVIDED THROUGH FEDERAL FUNDING.
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt216190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05480
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LADACIN NETWORK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO HUD
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. THE PROJECT FOLLOWS ACCOUNTING STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECORDED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEAR ENDED JUNE 30, 2019. AT JUNE 30, 2019, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt03493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICIA CARLESIMO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0211710
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATIVE AND FINANCIAL DUTIES ARE DELEGATED TO LADACIN NETWORK, INC. WHO ACTS AS MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED IN DETAIL BY THE CEO AND THE CFO OF THE ORGANIZATION AFTER THIER REVIEW AND APPROVAL, THE 990 IS SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY AND THE STATEMENT IS REVIEWED ON A SEMI-ANNUAL BASIS FOR ANY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BAD DEBT -326.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1LADACIN NETWORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2LADACIN NETWORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3LADACIN NETWORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LADACIN NETWORK INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1OCEAN UCP HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2RESIDENTIAL RESOURCES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3OPERATION LIFE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4MONMOUTH UCP HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0210674715
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3222362169
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SOCIAL SERVICES AND EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RESIDENTIAL HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2RESIDENTIAL HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3RESIDENTIAL HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4RESIDENTIAL HOUSING FOR THE DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 7

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$511,520
Liabilities
$463,049
Net assets
$48,471
Revenue
$150,485
Expenses
$161,940
Net income
-$11,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$5.12$4.63$0.48$1.50$1.62$0.11