Civic Intelligence

Community Renewal Inc.

990 • Fiscal year 2015 • EIN 22-2823715

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 05, 2016

Organization ProfileN/A
95 Berkeley St No 500Boston, MA 02116

(617) 695-9595

Siviq Scores

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

Liabilities / Assets

99th percentile

3.16x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

30.79x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

2nd percentile

-177%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$165,236

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

27th percentile

-3.4%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$5,726,166

Down $201,650 (-3.4%) from 2014

Net Assets

Down

-$12,390,251

Down $1,041,722 (-9.2%) from 2014

Liabilities

Up

$18,116,417

Up $840,072 (+4.9%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Up

$588,455

Up $42,817 (+7.8%) from 2014

Expenses

Up

$1,630,177

Up $55,377 (+3.5%) from 2014

Net Income

Down

-$1,041,722

Down $12,560 (-1.2%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$20M$10M$0-$10M-$20MAssets 2010: $6,688,989Liabilities 2010: $13,940,877Net Assets 2010: -$7,251,8882010Assets 2011: $6,481,811Liabilities 2011: $14,772,386Net Assets 2011: -$8,290,5752011Assets 2012: $6,298,071Liabilities 2012: $15,681,843Net Assets 2012: -$9,383,7722012Assets 2013: $6,095,641Liabilities 2013: $16,415,008Net Assets 2013: -$10,319,3672013Assets 2014: $5,927,816Liabilities 2014: $17,276,345Net Assets 2014: -$11,348,5292014Assets 2015: $5,726,166Liabilities 2015: $18,116,417Net Assets 2015: -$12,390,2512015Assets 2016: $7,493,473Liabilities 2016: $2,690,384Net Assets 2016: $4,803,0892016Assets 2017: $7,423,172Liabilities 2017: $2,835,682Net Assets 2017: $4,587,4902017Assets 2018: $7,073,529Liabilities 2018: $2,637,752Net Assets 2018: $4,435,7772018Assets 2019: $6,898,046Liabilities 2019: $2,557,898Net Assets 2019: $4,340,1482019Assets 2020: $6,834,756Liabilities 2020: $2,544,409Net Assets 2020: $4,290,3472020Assets 2021: $6,578,913Liabilities 2021: $2,426,847Net Assets 2021: $4,152,0662021Assets 2022: $6,277,572Liabilities 2022: $2,395,424Net Assets 2022: $3,882,1482022Assets 2023: $6,056,606Liabilities 2023: $2,260,880Net Assets 2023: $3,795,7262023Assets 2024: $948Liabilities 2024: $0Net Assets 2024: $9482024

Highlighted filing

2015

Assets$5,726,166
Liabilities$18,116,417
Net Assets-$12,390,251
Open 2015 Filing

Operations Trend

Revenue Growth62nd percentile

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

$20M$10M$0-$10MExpenses 2010: $1,468,5962010Expenses 2011: $1,547,4912011Expenses 2012: $1,602,1842012Revenue 2013: $518,554Expenses 2013: $1,454,149Net Income 2013: -$935,5952013Revenue 2014: $545,638Expenses 2014: $1,574,800Net Income 2014: -$1,029,1622014Revenue 2015: $588,455Expenses 2015: $1,630,177Net Income 2015: -$1,041,7222015Revenue 2016: $18,256,738Expenses 2016: $1,063,398Net Income 2016: $17,193,3402016Revenue 2017: $450,913Expenses 2017: $666,512Net Income 2017: -$215,5992017Revenue 2018: $627,807Expenses 2018: $779,520Net Income 2018: -$151,7132018Revenue 2019: $728,023Expenses 2019: $823,652Net Income 2019: -$95,6292019Revenue 2020: $714,366Expenses 2020: $764,167Net Income 2020: -$49,8012020Revenue 2021: $719,162Expenses 2021: $857,443Net Income 2021: -$138,2812021Revenue 2022: $737,317Expenses 2022: $1,007,235Net Income 2022: -$269,9182022Revenue 2023: $883,135Expenses 2023: $969,557Net Income 2023: -$86,4222023Revenue 2024: -$3,527,088Expenses 2024: $267,690Net Income 2024: -$3,794,7782024

Highlighted filing

2015

Revenue$588,455
Expenses$1,630,177
Net Income-$1,041,722
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 5, 2016
Return Version
2015v2.1
Gross Receipts
$588,455
Mission and Program Overview

Mission

To provide low-income housing to eligible individuals and families.

To provide low-income housing to eligible individuals and families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,777,739$5,581,913▼ $195,826
Savings and Temporary Cash Investments-$55,001-
Cash and Non-Interest-Bearing Accounts$9,249$26,179▲ $16,930
Prepaid Expenses and Deferred Charges$11,116$23,733▲ $12,617
Accounts Receivable$48,587$12,682▼ $35,905
Total Assets$5,927,816$5,726,166▼ $201,650
Other Assets Total$81,125$26,658▼ $54,467
Liabilities
Other Liabilities$10,133,101$11,002,699▲ $869,598
Mortgage Notes Payable Secured by Investment Property$7,047,647$7,044,791▼ $2,856
Accounts Payable and Accrued Expenses$95,525$66,005▼ $29,520
Deferred Revenue$72$2,922▲ $2,850
Total Liabilities$17,276,345$18,116,417▲ $840,072
Net Assets / Fund Balance
Unrestricted Net Assets$-11,348,529$-12,390,251▼ $1,041,722
Total Net Assets Fund Balance$-11,348,529$-12,390,251▼ $1,041,722
Total Liabilities and Net Assets / Fund Balance$5,927,816$5,726,166▼ $201,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,943,333$2,894,630$7,837,963
Land$636,711-$636,711
Equipment$362$45,211$45,573
Other Land Buildings$1,507$39,874$41,381
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Phillip L ClayPresident
James RushfordSecretary
Edward H MarchantTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Community Builders INCManagement Comp95 BERKELEY STREET STE 500, Boston, MA 02116$185,547
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$588,393
Investment Income
$62
Other Revenue
$0
Change in Net Assets
$-1,041,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$588,455
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$588,455
Total Revenue per Form 990
$588,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,468,863
Salaries, Compensation, and Employee Benefits$161,314
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$948,906--$948,906
Depreciation Depletion$203,180--$203,180
Other Salaries and Wages$109,484--$109,484
All Other Expenses$55,108--$55,108
Other Employee Benefits$44,731--$44,731
Insurance$33,460--$33,460
Fees for Services Management$26,100--$26,100
Other Expenses$13,177--$13,177
Fees for Services Accounting$7,450--$7,450
Payroll Taxes$7,099--$7,099
Office Expenses$5,027--$5,027
Fees for Services Legal$4,078--$4,078
Advertising$2,883--$2,883
Total Functional Expenses$1,630,177$0$0$1,630,177

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,630,177
Total Expenses per Audited Statements$1,630,177
Total Expenses per Form 990$1,630,177
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common Officers, Board Members, Key EmployeesThe Organization Reimburses the Community Builders, Inc. for Management Services, Contracted Employee Wages, Payroll Taxes, and Fringe Benefits. the Organization Also Pays the Community Builders, Inc. a Fee for Management of the Project.No$185,547
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$11,001,411
Security Deposits$1,288
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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

“The community builders, inc. (tcb), an affiliate through common control, is the project management agent. The management agreement, effective july 1, 1999, is for an initial term o fone year with successive automatic annual renewals thereafter. Pursuant to the agreement, tbc receives a base management fee of $300 per unit per year ($26,100) for the project. An incentive management fee equal to 4.5% of total effective rental income may be earned by the management agent in lieu of the base fee if the project meets a specified net operating income target, as defined by masshousing, and certain other conditions have been met as specified in the management agreement. The net operating income target for the property in 2015 was $114,349. For the year ended december 31, 2015, the corporation did not meet the net operating income target. Management fees incurred in 2015 amounted to $26,100, none of which is outstanding. Any incentive management fee will be approved by masshousing in conjunction with their review of the annual audit. Accordingly, any such fee will only be recorded when paid in 2016.”

Form 990, Part VI, Section B, Line 11

“The asset management department reviews the 990 before approving the return.”

Form 990, Part VI, Section C, Line 19

“The organization makes all of its governing documents, audited financial statements, and form 990s available upon request.”

Filing and Contact Details

Filer

Filer Name
Community Renewal Inc
EIN
22-2823715
Phone
6176959595
Address
95 BERKELEY ST NO 500, BOSTON, MA 02116

Signing Officer

Name
Mick Vergura
Title
CFO
Phone
6176959595
Signed
2016-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mick Vergura
Formed
1987
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Habif Arogeti & Wynne Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Angela T Dotson CPA
Phone
4048929651
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has made no changes to the audit selection/oversight process from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation does not believe there are any uncertain income tax positions in the financial statements.”

Raw XML AppendixShowing 400 of 465 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/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0156
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0588393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0545614
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0518536
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0508973
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0508766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02670282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0156
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt02670282
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0588393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0545614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0518536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0508973
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0508766
IRS990ScheduleA/Total509Grp/TotalAmt02670282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0588455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0545638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0518554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0508987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0508804
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02670438
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04943333
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02894630
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07837963
IRS990ScheduleD/EquipmentGrp/BookValueAmt0362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045211
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045573
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01630177
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0636711
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0636711
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01507
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039874
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041381
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111001411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0588455
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION DOES NOT BELIEVE THERE ARE ANY UNCERTAIN INCOME TAX POSITIONS IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05581913
IRS990ScheduleD/TotalExpensesPerForm990Amt01630177
IRS990ScheduleD/TotalLiabilityAmt011002699
IRS990ScheduleD/TotalRevenuePerForm990Amt0588455
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0588455
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01630177
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0141462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04777
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES RUSHFORD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0165236
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0THE COMMUNITY BUILDERS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON OFFICERS, BOARD MEMBERS, KEY EMPLOYEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0185547
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION REIMBURSES THE COMMUNITY BUILDERS, INC. FOR MANAGEMENT SERVICES, CONTRACTED EMPLOYEE WAGES, PAYROLL TAXES, AND FRINGE BENEFITS. THE ORGANIZATION ALSO PAYS THE COMMUNITY BUILDERS, INC. A FEE FOR MANAGEMENT OF THE PROJECT.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMUNITY BUILDERS, INC. (TCB), AN AFFILIATE THROUGH COMMON CONTROL, IS THE PROJECT MANAGEMENT AGENT. THE MANAGEMENT AGREEMENT, EFFECTIVE JULY 1, 1999, IS FOR AN INITIAL TERM O FONE YEAR WITH SUCCESSIVE AUTOMATIC ANNUAL RENEWALS THEREAFTER. PURSUANT TO THE AGREEMENT, TBC RECEIVES A BASE MANAGEMENT FEE OF $300 PER UNIT PER YEAR ($26,100) FOR THE PROJECT. AN INCENTIVE MANAGEMENT FEE EQUAL TO 4.5% OF TOTAL EFFECTIVE RENTAL INCOME MAY BE EARNED BY THE MANAGEMENT AGENT IN LIEU OF THE BASE FEE IF THE PROJECT MEETS A SPECIFIED NET OPERATING INCOME TARGET, AS DEFINED BY MASSHOUSING, AND CERTAIN OTHER CONDITIONS HAVE BEEN MET AS SPECIFIED IN THE MANAGEMENT AGREEMENT. THE NET OPERATING INCOME TARGET FOR THE PROPERTY IN 2015 WAS $114,349. FOR THE YEAR ENDED DECEMBER 31, 2015, THE CORPORATION DID NOT MEET THE NET OPERATING INCOME TARGET. MANAGEMENT FEES INCURRED IN 2015 AMOUNTED TO $26,100, NONE OF WHICH IS OUTSTANDING. ANY INCENTIVE MANAGEMENT FEE WILL BE APPROVED BY MASSHOUSING IN CONJUNCTION WITH THEIR REVIEW OF THE ANNUAL AUDIT. ACCORDINGLY, ANY SUCH FEE WILL ONLY BE RECORDED WHEN PAID IN 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSET MANAGEMENT DEPARTMENT REVIEWS THE 990 BEFORE APPROVING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND FORM 990S AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS MADE NO CHANGES TO THE AUDIT SELECTION/OVERSIGHT PROCESS FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE COMMUNITY BUILDERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042324773
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE PART VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt095 BERKELEY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002116
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt026100
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1159466
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE COMMUNITY BUILDERS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE COMMUNITY BUILDERS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05927816
IRS990/TotalAssetsEOYAmt05726166
IRS990/TotalAssetsGrp/BOYAmt05927816
IRS990/TotalAssetsGrp/EOYAmt05726166
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,726,166
Liabilities
$18,116,417
Net assets
-$12,390,251
Revenue
$588,455
Expenses
$1,630,177
Net income
-$1,041,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$3.53$0.27$3.79
2023Summary only. Only limited summary data is available for this year.$6.06$2.26$3.80$0.88$0.97$0.09
2022Summary only. Only limited summary data is available for this year.$6.28$2.40$3.88$0.74$1.01$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.58$2.43$4.15$0.72$0.86$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.83$2.54$4.29$0.71$0.76$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.90$2.56$4.34$0.73$0.82$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$2.64$4.44$0.63$0.78$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.42$2.84$4.59$0.45$0.67$0.22
2016Summary only. Only limited summary data is available for this year.$7.49$2.69$4.80$18.3$1.06$17.2
2015Detailed filing. Detailed filing data is available for this year.$5.73$18.1$12.4$0.59$1.63$1.04
2014Detailed filing. Detailed filing data is available for this year.$5.93$17.3$11.3$0.55$1.57$1.03
2013Detailed filing. Detailed filing data is available for this year.$6.10$16.4$10.3$0.52$1.45$0.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$15.7$9.38$1.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$14.8$8.29$1.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.69$13.9$7.25$1.47