Civic Intelligence

Woonsocket Neighborhood Development Corp Neighborworks Blackstone River Valley

990 • Fiscal year 2017 • EIN 22-2907602

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.NEIGHBORWORKSBRV.ORG

View Organization Page

719 Front Street No 103Woonsocket, RI 02895

(401) 762-0993

Siviq Scores

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

Liabilities / Assets

85th percentile

0.76x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

4.82x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$129,866

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

9th percentile

-8.2%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-8.4%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$22,984,855

Down $2,047,631 (-8.2%) from 2016

Net Assets

Down

$5,536,486

Down $1,718,744 (-24%) from 2016

Liabilities

Down

$17,448,369

Down $328,887 (-1.9%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin81st percentile

Revenue

Down

$3,622,092

Down $330,112 (-8.4%) from 2016

Expenses

Up

$2,771,535

Up $660,984 (+31%) from 2016

Net Income

Down

$850,557

Down $991,096 (-54%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$40M$30M$20M$10M$0Assets 2010: $27,213,679Liabilities 2010: $14,240,000Net Assets 2010: $12,973,6792010Assets 2011: $30,587,000Liabilities 2011: $13,177,737Net Assets 2011: $17,409,2632011Assets 2012: $31,085,681Liabilities 2012: $14,263,703Net Assets 2012: $16,821,9782012Assets 2013: $30,332,328Liabilities 2013: $13,350,976Net Assets 2013: $16,981,3522013Assets 2014: $30,672,483Liabilities 2014: $13,898,758Net Assets 2014: $16,773,7252014Assets 2015: $32,025,589Liabilities 2015: $14,856,709Net Assets 2015: $17,168,8802015Assets 2016: $25,032,486Liabilities 2016: $17,777,256Net Assets 2016: $7,255,2302016Assets 2017: $22,984,855Liabilities 2017: $17,448,369Net Assets 2017: $5,536,4862017Assets 2018: $23,133,851Liabilities 2018: $17,802,459Net Assets 2018: $5,331,3922018Assets 2019: $22,953,712Liabilities 2019: $17,982,255Net Assets 2019: $4,971,4572019Assets 2020: $24,150,927Liabilities 2020: $18,727,815Net Assets 2020: $5,423,1122020Assets 2021: $24,639,643Liabilities 2021: $19,097,286Net Assets 2021: $5,542,3572021Assets 2022: $27,502,471Liabilities 2022: $21,515,196Net Assets 2022: $5,987,2752022Assets 2023: $23,595,419Liabilities 2023: $20,087,726Net Assets 2023: $3,507,6932023Assets 2024: $26,513,123Liabilities 2024: $22,551,764Net Assets 2024: $3,961,3592024

Highlighted filing

2017

Assets$22,984,855
Liabilities$17,448,369
Net Assets$5,536,486
Open 2017 Filing

Operations Trend

Revenue Growth18th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,443,3112010Revenue 2011: $6,002,765Expenses 2011: $2,041,181Net Income 2011: $3,961,5842011Expenses 2012: $2,670,1082012Revenue 2013: $2,613,108Expenses 2013: $2,453,734Net Income 2013: $159,3742013Revenue 2014: $1,937,926Expenses 2014: $2,978,053Net Income 2014: -$1,040,1272014Revenue 2015: $4,380,175Expenses 2015: $3,985,018Net Income 2015: $395,1572015Revenue 2016: $3,952,204Expenses 2016: $2,110,551Net Income 2016: $1,841,6532016Revenue 2017: $3,622,092Expenses 2017: $2,771,535Net Income 2017: $850,5572017Revenue 2018: $3,628,583Expenses 2018: $2,603,833Net Income 2018: $1,024,7502018Revenue 2019: $2,538,278Expenses 2019: $2,568,807Net Income 2019: -$30,5292019Revenue 2020: $3,212,949Expenses 2020: $2,709,688Net Income 2020: $503,2612020Revenue 2021: $2,965,788Expenses 2021: $2,781,543Net Income 2021: $184,2452021Revenue 2022: $3,749,387Expenses 2022: $3,304,469Net Income 2022: $444,9182022Revenue 2023: $2,634,991Expenses 2023: $5,260,655Net Income 2023: -$2,625,6642023Revenue 2024: $3,481,641Expenses 2024: $3,027,975Net Income 2024: $453,6662024

Highlighted filing

2017

Revenue$3,622,092
Expenses$2,771,535
Net Income$850,557
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$3,973,435
Mission and Program Overview

Mission

Real estate development for low income families

Neighborworks blackstone river valley (nwbrv) is a nonprofit community development corporation that works with residents, businesses neighborhood institutions, stakeholder partners and communities to enrich neighborhoods and make affordable housing opportunities available throughtot northern rhode island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$13,784,006$13,476,506▼ $307,500
Land, Buildings, and Equipment, Net$2,256,186$2,247,450▼ $8,736
Accounts Receivable$2,567,348$1,387,049▼ $1,180,299
Savings and Temporary Cash Investments$1,278,847$370,144▼ $908,703
Cash and Non-Interest-Bearing Accounts$529,056$366,082▼ $162,974
Prepaid Expenses and Deferred Charges$16,595$12,136▼ $4,459
Total Assets$25,032,486$22,984,855▼ $2,047,631
Other Assets Total$4,600,448$5,125,488▲ $525,040
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,822,667$17,141,267▲ $318,600
Deferred Revenue$469,818--
Accounts Payable and Accrued Expenses$405,623$269,941▼ $135,682
Other Liabilities$79,148$37,161▼ $41,987
Total Liabilities$17,777,256$17,448,369▼ $328,887
Net Assets / Fund Balance
Unrestricted Net Assets$6,681,357$4,911,613▼ $1,769,744
Permanently Rstr Net Assets$573,873$573,873→ $0
Temporarily Rstr Net Assets-$51,000-
Total Net Assets Fund Balance$7,255,230$5,536,486▼ $1,718,744
Total Liabilities and Net Assets / Fund Balance$25,032,486$22,984,855▼ $2,047,631

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,999,334$556,289$2,555,623
Leasehold Improvements$120,829$70,069$190,898
Land$127,287-$127,287
Investment Program Related Org$131,000--
Other Assets Org$913,217--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph GarlickExecutive DirectorFT$118,060$11,806$129,866

Board Members and Trustees

NameTitle
Nancy GiambussoPresident
Nancy BenoitVice President
Barbara DechristofaroDirector
George CostaDirector
Jeffrey AustinDirector
Jeffrey EmidyDirector
Jonathan ShermanDirector
Melissa FlahertyDirector
Michael SkeldonDirector
Monique AustinDirector
Nancy ParadeeDirector
Randall SacilottoDirector
Richard Kyte JrDirector
Tempest BurrellDirector
Emma DandySecretary
Wanda TurgeonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,227,407
Program Service Revenue
$1,109,129
Investment Income
$248,553
Other Revenue
$37,003
All Other Contributions
$500,931
Change in Net Assets
$850,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,622,092
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-3,003,057
Total Revenue per Audited Statements
$619,035
Total Revenue per Form 990
$3,622,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,673,397
Other Expenses$1,045,750
Grants and Similar Amounts Paid$52,388
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,140,395$66,582-$1,206,977
Occupancy$251,627$13,385-$265,012
Fees for Services Other$239,948--$239,948
Other Employee Benefits$200,229$28,293-$228,522
Office Expenses$172,110$3,644-$175,754
Depreciation Depletion$137,427$730-$138,157
Payroll Taxes$107,236$12,332-$119,568
Current Officers, Directors, Trustees, and Key Employees$59,165$59,165-$118,330
Grants to Domestic Orgs$52,388--$52,388
Fees for Services Accounting$29,892$9,285-$39,177
Other Expenses$4,523$126-$4,649
All Other Expenses$964--$964
Fees for Services Legal$280--$280
Total Functional Expenses$2,577,625$193,910$0$2,771,535

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,771,535
Total Expenses per Audited Statements$2,771,535
Total Expenses per Form 990$2,771,535
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$37,161
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is distributed to the board of directors for review and approval before it is filed.”

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

“Board members sign an annual conflict of interest form each year.”

Form 990, Part VI, Section C, Line 19

“Wndc's governing documents, conflict of interest policy, and financial statements are availible to the public upon request.”

FORM 990, PART VI, LINE 16B:

“Wndc does not have a written policy or procedure that requires the organization to evaluate its participation in joint venture arrangements. However, prior to entering into a joint venture, wndc's senior staff and board of directors are fully informed of the joint venture as to ensure wndc's mission is further carried out by participating in the joint venture arrangement. Joint ventures undertaken are generally participants in tax credit financing transactions to facilitate the financing of affordable housing. These occur in the orindary course of wndc's real estate development activities.”

Filing and Contact Details

Filer

Filer Name
Woonsocket Neighborhood Development
EIN
22-2907602
Phone
4017620993
Address
719 FRONT STREET NO 103, WOONSOCKET, RI 02895
Doing Business As
Neighborworks Blackstone River Vall

Signing Officer

Name
Joseph Garlick
Title
Executive Director
Phone
4017620993
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Garlick
Formed
1987
Legal Domicile
Ri
Voting Board Members
16
Independent Board Members
16
Employees
66
Volunteers
764

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Thomas Washburn CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Current year advances - reserve -3,003,057.”

Form 990, Part XII, Line 2C

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

Election Under IRS Section 168(H)(6)(F)(II)

“Pascoage village partners, inc. (pascoag), as a tax exempt controlled entity, has elected under code section 168(h)(f)(ii) to not be treated as a tax exempt entity under paragraps 5 & 6 of section 168(h). This election applies for pascoag's taxable year that greenridge's property is placed in service and all subsequent years. Wndc is the tax-exempt entity holding 100% of the stockholder interest in pascoag.”

Financial Statement Notes

PART X, LINE 2:

“Wndc accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidating financial statements regarding a tax position taken or expected to be taken in a tax return. Wndc has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidating financial statements at december 31, 2017.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Current year advances - reserve -3,003,057.”

Raw XML AppendixShowing 400 of 808 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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IRS990/ActivityOrMissionDesc0NEIGHBORWORKS BLACKSTONE RIVER VALLEY (NWBRV) IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION THAT WORKS WITH RESIDENTS, BUSINESSES NEIGHBORHOOD INSTITUTIONS, STAKEHOLDER PARTNERS AND COMMUNITIES TO ENRICH NEIGHBORHOODS AND MAKE AFFORDABLE HOUSING OPPORTUNITIES AVAILABLE THROUGHTOT NORTHERN RHODE ISLAND.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0243057
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt01726476
IRS990/GrantAmt051968
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt052388
IRS990/GrantsToDomesticOrgsGrp/TotalAmt052388
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0594400
IRS990/GrossReceiptsAmt03973435
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05496
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013784006
IRS990/InvestmentsProgramRelatedGrp/EOYAmt013476506
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0626358
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02256186
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02247450
IRS990/LandBldgEquipCostOrOtherBssAmt02873808
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0351343
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION D/B/A NEIGHBORWORKS BLACKSTONE RIVER VALLEY'S (WNDC) PRIMARY PURPOSE IS TO DEVELOP, OWN, MANAGE, FINANCE AND PRESERVE DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS IN THE BLACKSTONE RIVER VALLEY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016822667
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017141267
IRS990/NetAssetsOrFundBalancesBOYAmt07255230
IRS990/NetAssetsOrFundBalancesEOYAmt05536486
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0243057
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0243057
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013385
IRS990/OccupancyGrp/ProgramServicesAmt0251627
IRS990/OccupancyGrp/TotalAmt0265012
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03644
IRS990/OfficeExpensesGrp/ProgramServicesAmt0172110
IRS990/OfficeExpensesGrp/TotalAmt0175754
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04600448
IRS990/OtherAssetsTotalGrp/EOYAmt05125488
IRS990/OtherChangesInNetAssetsAmt0-3003057
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028293
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0200229
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0228522
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1PROGRAM AND CLIENT EXPE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3VEHICLE - MILEAGE REIMB
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0368
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1126
IRS990/OtherExpensesGrp/ProgramServicesAmt085372
IRS990/OtherExpensesGrp/ProgramServicesAmt151145
IRS990/OtherExpensesGrp/ProgramServicesAmt244924
IRS990/OtherExpensesGrp/ProgramServicesAmt34523
IRS990/OtherExpensesGrp/TotalAmt085372
IRS990/OtherExpensesGrp/TotalAmt151145
IRS990/OtherExpensesGrp/TotalAmt245292
IRS990/OtherExpensesGrp/TotalAmt34649
IRS990/OtherLiabilitiesGrp/BOYAmt079148
IRS990/OtherLiabilitiesGrp/EOYAmt037161
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt037003
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt037003
IRS990/OtherRevenueTotalAmt037003
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt066582
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01140395
IRS990/OtherSalariesAndWagesGrp/TotalAmt01206977
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012332
IRS990/PayrollTaxesGrp/ProgramServicesAmt0107236
IRS990/PayrollTaxesGrp/TotalAmt0119568
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0573873
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0573873
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016595
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012136
IRS990/PrincipalOfficerNm0JOSEPH GARLICK
IRS990/PriorPeriodAdjustmentsAmt0433756
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENT AND PROGRAM S
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3FEE FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0711753
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332135
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt237777
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0711753
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1332135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt237777
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327464
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMEOWNERSHIP: OVER THE COURSE OF 2017 THE HOC ASSISTED 79 BUYERS IN PURCHASING THEIR FIRST HOME; HELPED 100 HOUSEHOLDS SAVE THEIR HOME FROM FORECLOSURE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0434774
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0332135
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY BUILDING & ENGAGEMENT: THE KITCHEN INCUBATOR WAS LICENSED BY THE STATE AND HAS ITS FIRST GROUP OF ENTREPRENEURS NOW WORKING THERE. WITH TERRIFIC COMMUNITY SUPPORT, THE ORGANIZATION AND CITY RECEIVED THE $25K LEVITT AMP GRANT TO HOST A 10 CONCERT SERIES ON MAIN STREET.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0779733
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0420
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt027464
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ASSET MANAGEMENT: STAFF CONTINUE TO MANAGE THE PORTFOLIO TO MINIMIZE VACANCIES. IN 2017 THE PORTFOLIO VACANCY RATE WAS 1.57%.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0360751
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt074780
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02360073
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt045733
IRS990/PYInvestmentIncomeAmt07409
IRS990/PYOtherExpensesAmt0686113
IRS990/PYOtherRevenueAmt062294
IRS990/PYProgramServiceRevenueAmt01522428
IRS990/PYRevenuesLessExpensesAmt01841653
IRS990/PYSalariesCompEmpBnftPaidAmt01378705
IRS990/PYTotalExpensesAmt02110551
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03952204
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0850557
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0711753
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01278847
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0370144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02227407
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01981949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01785213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01637769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02381402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010013740
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt070737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0125757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0131792
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt068903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt065886
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0463075
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95580
IRS990ScheduleA/PublicSupportPY170Pct00.95200
IRS990ScheduleA/PublicSupportTotal170Amt010013740
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02227407
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01981949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01785213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01637769
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02381402
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010013740
IRS990ScheduleA/TotalSupportAmt010476815

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,984,855
Liabilities
$17,448,369
Net assets
$5,536,486
Revenue
$3,622,092
Expenses
$2,771,535
Net income
$850,557
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.5$22.6$3.96$3.48$3.03$0.45
2023Detailed filing. Detailed filing data is available for this year.$23.6$20.1$3.51$2.63$5.26$2.63
2022Detailed filing. Detailed filing data is available for this year.$27.5$21.5$5.99$3.75$3.30$0.44
2021Detailed filing. Detailed filing data is available for this year.$24.6$19.1$5.54$2.97$2.78$0.18
2020Detailed filing. Detailed filing data is available for this year.$24.2$18.7$5.42$3.21$2.71$0.50
2019Detailed filing. Detailed filing data is available for this year.$23.0$18.0$4.97$2.54$2.57$0.03
2018Detailed filing. Detailed filing data is available for this year.$23.1$17.8$5.33$3.63$2.60$1.02
2017Detailed filing. Detailed filing data is available for this year.$23.0$17.4$5.54$3.62$2.77$0.85
2016Detailed filing. Detailed filing data is available for this year.$25.0$17.8$7.26$3.95$2.11$1.84
2015Detailed filing. Detailed filing data is available for this year.$32.0$14.9$17.2$4.38$3.99$0.40
2014Detailed filing. Detailed filing data is available for this year.$30.7$13.9$16.8$1.94$2.98$1.04
2013Detailed filing. Detailed filing data is available for this year.$30.3$13.4$17.0$2.61$2.45$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$14.3$16.8$2.67
2011Summary only. Only limited summary data is available for this year.$30.6$13.2$17.4$6.00$2.04$3.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$14.2$13.0$1.44