Civic Intelligence

Addison County Community Trust Inc

990 • Fiscal year 2017 • EIN 22-3032009

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 30, 2018

Organization ProfileWWW.ADDISONTRUST.ORG
272 Main StreetVergennes, VT 05491

(802) 877-2626

Siviq Scores

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

Liabilities / Assets

79th percentile

0.62x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

3.05x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

16th percentile

-9.9%

Higher net margin than 16% of similar nonprofits.

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

Top Officer Pay

20th percentile

$91,059

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

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

Asset Growth

36th percentile

0.9%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

11th percentile

-20%

Faster revenue growth than 11% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$10,323,865

Up $95,537 (+0.9%) from 2016

Net Assets

Up

$3,942,019

Up $311,331 (+8.6%) from 2016

Liabilities

Down

$6,381,846

Down $215,794 (-3.3%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin16th percentile

Revenue

Down

$2,090,529

Down $511,595 (-20%) from 2016

Expenses

Up

$2,296,598

Up $246,014 (+12%) from 2016

Net Income

Down

-$206,069

Down $757,609 (-137%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $9,352,553Liabilities 2010: $6,365,621Net Assets 2010: $2,986,9322010Assets 2011: $9,650,358Liabilities 2011: $6,821,379Net Assets 2011: $2,828,9792011Assets 2012: $9,826,919Liabilities 2012: $6,899,294Net Assets 2012: $2,927,6252012Assets 2013: $10,559,961Liabilities 2013: $7,291,410Net Assets 2013: $3,268,5512013Assets 2014: $10,369,159Liabilities 2014: $7,384,625Net Assets 2014: $2,984,5342014Assets 2015: $10,128,024Liabilities 2015: $7,048,876Net Assets 2015: $3,079,1482015Assets 2016: $10,228,328Liabilities 2016: $6,597,640Net Assets 2016: $3,630,6882016Assets 2017: $10,323,865Liabilities 2017: $6,381,846Net Assets 2017: $3,942,0192017Assets 2018: $10,220,166Liabilities 2018: $5,854,235Net Assets 2018: $4,365,9312018Assets 2019: $10,752,612Liabilities 2019: $5,636,572Net Assets 2019: $5,116,0402019Assets 2020: $11,822,229Liabilities 2020: $5,283,410Net Assets 2020: $6,538,8192020Assets 2021: $12,458,096Liabilities 2021: $5,062,909Net Assets 2021: $7,395,1872021Assets 2022: $12,665,119Liabilities 2022: $4,921,131Net Assets 2022: $7,743,9882022Assets 2023: $16,638,687Liabilities 2023: $5,218,346Net Assets 2023: $11,420,3412023Assets 2024: $17,190,549Liabilities 2024: $4,854,240Net Assets 2024: $12,336,3092024

Highlighted filing

2017

Assets$10,323,865
Liabilities$6,381,846
Net Assets$3,942,019
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,561,4252010Expenses 2011: $1,758,3332011Revenue 2012: $2,092,862Expenses 2012: $1,994,216Net Income 2012: $98,6462012Revenue 2013: $2,739,929Expenses 2013: $2,399,003Net Income 2013: $340,9262013Revenue 2014: $2,487,846Expenses 2014: $2,771,863Net Income 2014: -$284,0172014Revenue 2015: $2,208,182Expenses 2015: $2,113,568Net Income 2015: $94,6142015Revenue 2016: $2,602,124Expenses 2016: $2,050,584Net Income 2016: $551,5402016Revenue 2017: $2,090,529Expenses 2017: $2,296,598Net Income 2017: -$206,0692017Revenue 2018: $2,537,309Expenses 2018: $2,113,397Net Income 2018: $423,9122018Revenue 2019: $3,395,563Expenses 2019: $2,645,454Net Income 2019: $750,1092019Revenue 2020: $3,865,074Expenses 2020: $2,442,295Net Income 2020: $1,422,7792020Revenue 2021: $3,367,951Expenses 2021: $2,511,583Net Income 2021: $856,3682021Revenue 2022: $3,221,130Expenses 2022: $2,872,315Net Income 2022: $348,8152022Revenue 2023: $6,840,267Expenses 2023: $3,163,914Net Income 2023: $3,676,3532023Revenue 2024: $4,752,796Expenses 2024: $3,836,828Net Income 2024: $915,9682024

Highlighted filing

2017

Revenue$2,090,529
Expenses$2,296,598
Net Income-$206,069
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 30, 2018
Return Version
2017v2.3
Gross Receipts
$2,237,316
Mission and Program Overview

Mission

Acct strives to enrich the lives of low and moderate income people of addison county by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,170,425$8,582,920▼ $587,505
Other Notes and Loans Receivable, Net$7,653$485,420▲ $477,767
Savings and Temporary Cash Investments$313,540$334,166▲ $20,626
Cash and Non-Interest-Bearing Accounts$286,091$314,824▲ $28,733
Investments Program Related$160,868$203,323▲ $42,455
Investments Other Securities-$125,092-
Accounts Receivable$113,010$118,952▲ $5,942
Pledges and Grants Receivable$89,027$75,229▼ $13,798
Prepaid Expenses and Deferred Charges$42,255$42,393▲ $138
Total Assets$10,228,328$10,323,865▲ $95,537
Other Assets Total$45,459$41,546▼ $3,913
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,359,280$6,136,244▼ $223,036
Accounts Payable and Accrued Expenses$141,175$148,800▲ $7,625
Escrow Account Liability$73,324$75,154▲ $1,830
Deferred Revenue$23,861$21,648▼ $2,213
Total Liabilities$6,597,640$6,381,846▼ $215,794
Net Assets / Fund Balance
Unrestricted Net Assets$3,373,863$3,679,898▲ $306,035
Permanently Rstr Net Assets$238,330$238,330→ $0
Temporarily Rstr Net Assets$18,495$23,791▲ $5,296
Total Net Assets Fund Balance$3,630,688$3,942,019▲ $311,331
Total Liabilities and Net Assets / Fund Balance$10,228,328$10,323,865▲ $95,537

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,710,968-$5,710,968
Leasehold Improvements$1,938,808$1,643,371$3,582,179
Buildings$899,870$282,411$1,182,281
Equipment$2,523$83,489$86,012
Other Land Buildings$30,751-$30,751
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elise ShanbackerExecutive DiFT$83,179$7,880$91,059

Board Members and Trustees

NameTitle
John TennyPresident
Blair Kloman ResignedDirector
Connie LeachDirector
Ingrid PixleyDirector
John MartellDirector
Jon CrystalDirector
Keith GrierDirector
Monica Sanchez-webbDirector
Robert CoffeyDirector
Chris AndersonTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$430,633
Program Service Revenue
$1,759,067
Investment Income
$-127,203
Other Revenue
$28,032
All Other Contributions
$224,625
Change in Net Assets
$-206,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,090,529
Total Revenue per Audited Statements
$2,090,529
Total Revenue per Form 990
$2,090,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,453,550
Salaries, Compensation, and Employee Benefits$730,709
Grants and Similar Amounts Paid$112,339
Total Fundraising Expense$14,965
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$503,198$3,305$508$507,011
Other Salaries and Wages$378,201$33,801$2,965$414,967
Interest$222,043$3,877$597$226,517
Depreciation Depletion$208,477$2,148$331$210,956
Other Employee Benefits$152,413$15,822$2,420$170,655
Grants to Domestic Individuals$112,339--$112,339
Current Officers, Directors, Trustees, and Key Employees$72,848$13,659$4,553$91,060
Fees for Services Other$82,001$7,808$1,202$91,011
Office Expenses$77,607$7,082$1,090$85,779
Payroll Taxes$37,950$3,949$608$42,507
Insurance$39,248$1,754$270$41,272
Fees for Services Legal$25,500$3,368-$28,868
Fees for Services Accounting-$26,745-$26,745
Conferences and Meetings$18,020$1,875$289$20,184
Other Expenses$18,678--$18,678
Fees for Services Management$14,208--$14,208
Pension Plan Contributions$10,964$556-$11,520
Advertising$8,261$860$132$9,253
Total Functional Expenses$2,155,024$126,609$14,965$2,296,598

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,296,598
Total Expenses per Audited Statements$2,296,598
Total Expenses per Form 990$2,296,598
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
-Former BoardLenderNo$1,554,059
-Board MemberLenderNo$1,211,172
-Board MemberGrantorNo$21,935
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“Acct updated their bylaws in 2017. The board now consists of three separate "board categories," including qualified residents, public representatives and general representatives. A quorum no longer requires one representative from each category. Directors can now be removed without cause by a vote of two-thirds of the directors in office. Each director is now appointed for a term of three years and can serve a maximum of three consecutive terms. Bylaws only need an affirmative vote of two-thirds of the entire board of directors to be amended.”

Form 990, Page 6, Part VI, Line 11B

“The finance committee reviews the 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The conflict disclosure form is updated annually.”

Form 990, Page 6, Part VI, Line 15A

“The executive director proposes her own salary and the board reviews/approves the executive director's salary.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request. Financials are published in the annual report on acct's website.”

Filing and Contact Details

Filer

Filer Name
Addison County Community Trust Inc
EIN
22-3032009
Phone
8028772626
Address
272 MAIN STREET, VERGENNES, VT 05491

Signing Officer

Name
Elise Shanbacker
Title
Executive Director
Phone
8028772626
Signed
2018-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elise Shanbacker
Formed
1989
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
17
Volunteers
15

Preparer

Firm
Jmm & Associates Pc
Address
336 WATER TOWER CIR STE 801, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior year grants awarded 517,400 in 2017, acct determined that certain grants were awarded to them in 2014 and passed directly to the north pleasant housing 2 limited partnership as loans from acct. As a result, acct has restated the prior financial statements to reflect notes receivable. The net effect of this restatement was to increase total consolidated assets and total consolidated net assets/partners' equity as of january 1, 2016 by 474,900. In 2017, acct determined that a grant awarded to them in 2016 was passed directly to mcknight lane lp as contributed capital in 2017, resulting in a restatement of the prior financial statements to reflect an increase in grants receivable. The net effect of this restatement was to increase ending total consolidated net assets as of december 31, 2016 and the change in total consolidated net assets/partners' equity for the year then ended by 42,500.”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Addison county community trust's escrow liability account reflects funds held temporarily for the payment of property tax and insurance and tenant security deposits. Addison county community trust is acting in the capacity of a third-party on behalf of their tenants.”

Schedule D, Page 3, Part X

“Acct believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DI
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IRS990/FormationYr01989
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
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IRS990/GrantAmt09997
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt02237316
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01754
IRS990/InsuranceGrp/ProgramServicesAmt039248
IRS990/InsuranceGrp/TotalAmt041272
IRS990/InterestGrp/FundraisingAmt0597
IRS990/InterestGrp/ManagementAndGeneralAmt03877
IRS990/InterestGrp/ProgramServicesAmt0222043
IRS990/InterestGrp/TotalAmt0226517
IRS990/InvestmentIncomeGrp/ExclusionAmt01189
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01189
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0125092
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0160868
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0203323
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02009271
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09170425
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08582920
IRS990/LandBldgEquipCostOrOtherBssAmt010592191
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0146787
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ACCT STRIVES TO ENRICH THE LIVES OF LOW AND MODERATE INCOME PEOPLE OF ADDISON COUNTY BY DEVELOPING, MANAGING AND PRESERVING QUALITY, AFFORDABLE HOUSING AND PROVIDING SUPPORTS FOR FAMILIES, SENIORS AND INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06359280
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06136244
IRS990/NetAssetsOrFundBalancesBOYAmt03630688
IRS990/NetAssetsOrFundBalancesEOYAmt03942019
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-128392
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-128392
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0508
IRS990/OccupancyGrp/ManagementAndGeneralAmt03305
IRS990/OccupancyGrp/ProgramServicesAmt0503198
IRS990/OccupancyGrp/TotalAmt0507011
IRS990/OfficeExpensesGrp/FundraisingAmt01090
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07082
IRS990/OfficeExpensesGrp/ProgramServicesAmt077607
IRS990/OfficeExpensesGrp/TotalAmt085779
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt045459
IRS990/OtherAssetsTotalGrp/EOYAmt041546
IRS990/OtherChangesInNetAssetsAmt0517400
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02420
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015822
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0152413
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0170655
IRS990/OtherExpensesGrp/Desc0IMPAIRMENT LOSS
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt0173068
IRS990/OtherExpensesGrp/ProgramServicesAmt118678
IRS990/OtherExpensesGrp/TotalAmt0173068
IRS990/OtherExpensesGrp/TotalAmt118678
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt028032
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt028032
IRS990/OtherRevenueTotalAmt028032
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02965
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033801
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0378201
IRS990/OtherSalariesAndWagesGrp/TotalAmt0414967
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07653
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0485420
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0608
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03949
IRS990/PayrollTaxesGrp/ProgramServicesAmt037950
IRS990/PayrollTaxesGrp/TotalAmt042507
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0556
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010964
IRS990/PensionPlanContributionsGrp/TotalAmt011520
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0238330
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0238330
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt089027
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt075229
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042255
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042393
IRS990/PrincipalOfficerNm0ELISE SHANBACKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531310
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM RELATED RENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PARK MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2APARTMENT MANAGEMENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3HOMELAND FEES
IRS990/ProgramServiceRevenueGrp/Desc4DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01251678
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1296306
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2189825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt317258
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01251678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1296306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2189825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317258
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44000
IRS990/ProgSrvcAccomActy2Grp/Desc0REHAB AND DEVELOPMENT: REHAB AND DEVELOPMENT OF NEW AFFORDABLE HOUSING UNITS TO ALLEVIATE THE COUNTY'S LESS-THAN-ONE-PERCENT VACANCY RATE, INCLUDING MULTIFAMILY APARTMENTS AND SINGLE-FAMILY HOMES. IN 2017, PRE- DEVELOPMENT WAS STARTED ON ACQUISITION AND REHAB OF 16 UNITS OF SENIOR HOUSING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0309222
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0102342
IRS990/ProgSrvcAccomActy3Grp/Desc0RESIDENT SERVICES - PROVIDING SASH (SUPPORT AND SERVICES AT HOME) SERVICES FOR ACCT SENIOR HOUSING RESIDENTS AND RESIDENTS IN THE SURROUNDING COMMUNITIES. APPROXIMATELY 150 SENIORS WERE SERVED IN 2017.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0226558
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0558939
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt081488
IRS990/PYInvestmentIncomeAmt0-15716
IRS990/PYOtherExpensesAmt01258138
IRS990/PYOtherRevenueAmt0172968
IRS990/PYProgramServiceRevenueAmt01885933
IRS990/PYRevenuesLessExpensesAmt0551540
IRS990/PYSalariesCompEmpBnftPaidAmt0710958
IRS990/PYTotalExpensesAmt02050584
IRS990/PYTotalRevenueAmt02602124
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-206069
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0313540
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0334166
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0430633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0558939
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0395329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0737738
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01070142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03192781
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05965
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01509
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01590
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011223
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09314471
IRS990ScheduleA/PublicSupportCY170Pct00.99650
IRS990ScheduleA/PublicSupportPY170Pct00.99600
IRS990ScheduleA/PublicSupportTotal170Amt03192781
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0430633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0558939
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0737738
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01070142
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03192781
IRS990ScheduleA/TotalSupportAmt03204004
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0899870
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0282411
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01182281
IRS990ScheduleD/EquipmentGrp/BookValueAmt02523
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083489
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086012
IRS990ScheduleD/ExpensesSubtotalAmt02296598
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt05710968
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05710968
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01938808
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01643371
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03582179
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030751
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030751
IRS990ScheduleD/RevenueSubtotalAmt02090529
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ADDISON COUNTY COMMUNITY TRUST'S ESCROW LIABILITY ACCOUNT REFLECTS FUNDS HELD TEMPORARILY FOR THE PAYMENT OF PROPERTY TAX AND INSURANCE AND TENANT SECURITY DEPOSITS. ADDISON COUNTY COMMUNITY TRUST IS ACTING IN THE CAPACITY OF A THIRD-PARTY ON BEHALF OF THEIR TENANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08582920
IRS990ScheduleD/TotalExpensesPerForm990Amt02296598
IRS990ScheduleD/TotalRevenuePerForm990Amt02090529
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02090529
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02296598

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$10,323,865
Liabilities
$6,381,846
Net assets
$3,942,019
Revenue
$2,090,529
Expenses
$2,296,598
Net income
-$206,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.2$4.85$12.3$4.75$3.84$0.92
2023Detailed filing. Detailed filing data is available for this year.$16.6$5.22$11.4$6.84$3.16$3.68
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$4.92$7.74$3.22$2.87$0.35
2021Detailed filing. Detailed filing data is available for this year.$12.5$5.06$7.40$3.37$2.51$0.86
2020Detailed filing. Detailed filing data is available for this year.$11.8$5.28$6.54$3.87$2.44$1.42
2019Detailed filing. Detailed filing data is available for this year.$10.8$5.64$5.12$3.40$2.65$0.75
2018Detailed filing. Detailed filing data is available for this year.$10.2$5.85$4.37$2.54$2.11$0.42
2017Detailed filing. Detailed filing data is available for this year.$10.3$6.38$3.94$2.09$2.30$0.21
2016Detailed filing. Detailed filing data is available for this year.$10.2$6.60$3.63$2.60$2.05$0.55
2015Detailed filing. Detailed filing data is available for this year.$10.1$7.05$3.08$2.21$2.11$0.09
2014Detailed filing. Detailed filing data is available for this year.$10.4$7.38$2.98$2.49$2.77$0.28
2013Detailed filing. Detailed filing data is available for this year.$10.6$7.29$3.27$2.74$2.40$0.34
2012Summary only. Only limited summary data is available for this year.$9.83$6.90$2.93$2.09$1.99$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.65$6.82$2.83$1.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$6.37$2.99$1.56