Civic Intelligence

Townsend Elderly Residences Inc C/O Rcap Solutions Inc

990 • Fiscal year 2012 • EIN 22-2619885

Nov 01, 2011 to Oct 31, 2012 • Filed on Apr 18, 2013

Organization ProfileN/A
205 School Street01440
Siviq Scores

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

Liabilities / Assets

96th percentile

1.39x

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

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

29th percentile

-3.2%

Faster asset growth than 29% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,556,285

Down $84,946 (-3.2%) from 2011

Net Assets

Down

-$1,007,780

Down $50,199 (-5.2%) from 2011

Liabilities

Down

$3,564,065

Down $34,747 (-1.0%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$640,311

Up $241 (+0.0%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,722,373Liabilities 2010: $3,632,547Net Assets 2010: -$910,1742010Assets 2011: $2,641,231Liabilities 2011: $3,598,812Net Assets 2011: -$957,5812011Assets 2012: $2,556,285Liabilities 2012: $3,564,065Net Assets 2012: -$1,007,7802012Assets 2013: $2,307,454Liabilities 2013: $3,506,084Net Assets 2013: -$1,198,6302013Assets 2014: $2,113,868Liabilities 2014: $3,437,114Net Assets 2014: -$1,323,2462014Assets 2015: $2,068,985Liabilities 2015: $3,399,876Net Assets 2015: -$1,330,8912015Assets 2016: $1,989,067Liabilities 2016: $3,332,953Net Assets 2016: -$1,343,8862016Assets 2017: $1,865,028Liabilities 2017: $3,231,744Net Assets 2017: -$1,366,7162017Assets 2018: $1,770,349Liabilities 2018: $3,145,615Net Assets 2018: -$1,375,2662018Assets 2019: $1,714,716Liabilities 2019: $3,093,277Net Assets 2019: -$1,378,5612019Assets 2020: $1,629,422Liabilities 2020: $3,001,492Net Assets 2020: -$1,372,0702020Assets 2021: $1,555,194Liabilities 2021: $2,919,696Net Assets 2021: -$1,364,5022021Assets 2022: $1,433,455Liabilities 2022: $2,829,450Net Assets 2022: -$1,395,9952022Assets 2023: $1,365,363Liabilities 2023: $2,712,989Net Assets 2023: -$1,347,6262023Assets 2024: $1,323,830Liabilities 2024: $2,647,311Net Assets 2024: -$1,323,4812024

Highlighted filing

2012

Assets$2,556,285
Liabilities$3,564,065
Net Assets-$1,007,780
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $611,1042010Expenses 2011: $640,0702011Expenses 2012: $640,3112012Expenses 2013: $783,9032013Revenue 2014: $600,961Expenses 2014: $725,577Net Income 2014: -$124,6162014Revenue 2015: $634,009Expenses 2015: $641,654Net Income 2015: -$7,6452015Revenue 2016: $608,312Expenses 2016: $621,307Net Income 2016: -$12,9952016Revenue 2017: $623,433Expenses 2017: $646,263Net Income 2017: -$22,8302017Revenue 2018: $631,407Expenses 2018: $639,957Net Income 2018: -$8,5502018Revenue 2019: $648,919Expenses 2019: $652,214Net Income 2019: -$3,2952019Revenue 2020: $649,759Expenses 2020: $643,268Net Income 2020: $6,4912020Revenue 2021: $674,633Expenses 2021: $667,065Net Income 2021: $7,5682021Revenue 2022: $664,847Expenses 2022: $696,340Net Income 2022: -$31,4932022Revenue 2023: $724,719Expenses 2023: $676,350Net Income 2023: $48,3692023Revenue 2024: $748,682Expenses 2024: $724,537Net Income 2024: $24,1452024

Highlighted filing

2012

Revenue-
Expenses$640,311
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2011 to Oct 31, 2012
Signed
Apr 18, 2013
Return Version
2011v1.5
Gross Receipts
$590,112
Mission and Program Overview

Mission

To provide affordable residential housing for elderly persons in townsend, ma.

Filing and Contact Details

Filer

EIN
22-2619885
Raw XML AppendixShowing 400 of 440 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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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA(GAAP) PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED OCTOBER 31, 2012, THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. GENERALLY, THE CORPORATION'S INFORMATION RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE FILING DATE. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICES OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $39,820, FOR THE YEAR ENDED OCTOBER 31,2012 TO RCAP. THE MANAGEMENT FEE IS EQUAL TO 6.75% OF TOTAL RENT COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR RCAP.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MANAGEMENT COMPANY CFO AND CONTROLLER WORK CLOSELY WITH THE CPA FIRM AND PROVIDE INFORMATION NECESSARY TO COMPLETE THE 990. THE 990 IS DISCUSSED WITH THE TOWNSEND BOARD, HIGHLIGHTING THE IMPORTANCE OF COMPLIANCE WITH IRS REGULATIONS AS IT IS PRESENTED ON THE 990. THE FORM IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS ONCE COMPLETED BY THE CPA FIRM.
IRS990ScheduleO/GeneralExplanation/Explanation2A COPY OF THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC WHEN REQUESTED IN WRITING. REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT OF THE BOARD OF THE DIRECTORS. IN ADDITION THE FORM 990 IS AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/GeneralExplanation/Explanation3FORM 990, PART XII, LINE 2C EXPLANATION: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
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IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MA
IRS990/StatesWhereCopyOfReturnIsFiled0MA
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10205 SCHOOL STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0GARDNER
IRS990/TheBooksAreInCareOf/AddressUS/State0MA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode001440
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10PAUL TEIXEIRA
IRS990/TheBooksAreInCareOf/TelephoneNumber09786306600
IRS990/TotalAssets/BOY02641231
IRS990/TotalAssetsBOY02641231
IRS990/TotalAssets/EOY02556285
IRS990/TotalAssetsEOY02556285
IRS990/TotalCompGT150K00
IRS990/TotalContributions0399889
IRS990/TotalExpensesCurrentYear0640311
IRS990/TotalExpensesPriorYear0640070
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices0640311
IRS990/TotalFunctionalExpenses/Total0640311
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY03598812
IRS990/TotalLiabilitiesBOY03598812
IRS990/TotalLiabilities/EOY03564065
IRS990/TotalLiabilitiesEOY03564065
IRS990/TotalLiabNetAssetsFundBalances/BOY02641231
IRS990/TotalLiabNetAssetsFundBalances/EOY02556285
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0-957581
IRS990/TotalNetAssetsFundBalances/EOY0-1007780
IRS990/TotalOtherCompensation00
IRS990/TotalOtherRevenue02513
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0640311
IRS990/TotalProgramServiceRevenue0187527
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0590112
IRS990/TotalRevenue/ExclusionAmount0183
IRS990/TotalRevenuePriorYear0592663
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0190040
IRS990/TotalRevenue/TotalRevenueColumn0590112

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,556,285
Liabilities
$3,564,065
Net assets
-$1,007,780
Revenue
-
Expenses
$640,311
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$2.65$1.32$0.75$0.72$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.37$2.71$1.35$0.72$0.68$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$2.83$1.40$0.66$0.70$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.56$2.92$1.36$0.67$0.67$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.63$3.00$1.37$0.65$0.64$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.71$3.09$1.38$0.65$0.65$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.77$3.15$1.38$0.63$0.64$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.87$3.23$1.37$0.62$0.65$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.99$3.33$1.34$0.61$0.62$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.07$3.40$1.33$0.63$0.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.11$3.44$1.32$0.60$0.73$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$3.51$1.20$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$3.56$1.01$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$3.60$0.96$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$3.63$0.91$0.61