Civic Intelligence

Montclair Shared Housing Association Inc.

990 • Fiscal year 2014 • EIN 22-3159141

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

27 Hillside AvenueMontclair, NJ 07042

(973) 746-8917

Siviq Scores

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

Liabilities / Assets

60th percentile

0.89x

Higher debt load relative to assets than 60% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

2.18x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Net Margin

36th percentile

-11%

Higher net margin than 36% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

60th percentile

$31,151

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Asset Growth

29th percentile

-4.8%

Faster asset growth than 29% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

72nd percentile

7.3%

Faster revenue growth than 72% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$785,485

Down $39,389 (-4.8%) from 2013

Net Assets

Down

$89,092

Down $33,874 (-28%) from 2013

Liabilities

Down

$696,393

Down $5,515 (-0.8%) from 2013

Revenue

Up

$318,883

Up $21,674 (+7.3%) from 2013

Expenses

Up

$352,757

Up $49,000 (+16%) from 2013

Net Income

Down

-$33,874

Down $27,326 (-417%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $917,273Liabilities 2011: $739,039Net Assets 2011: $178,2342011Assets 2012: $857,442Liabilities 2012: $727,928Net Assets 2012: $129,5142012Assets 2013: $824,874Liabilities 2013: $701,908Net Assets 2013: $122,9662013Assets 2014: $785,485Liabilities 2014: $696,393Net Assets 2014: $89,0922014Assets 2015: $776,350Liabilities 2015: $679,314Net Assets 2015: $97,0362015Assets 2016: $722,725Liabilities 2016: $661,254Net Assets 2016: $61,4712016Assets 2017: $731,703Liabilities 2017: $645,670Net Assets 2017: $86,0332017Assets 2018: $730,458Liabilities 2018: $628,358Net Assets 2018: $102,1002018Assets 2019: $686,382Liabilities 2019: $608,434Net Assets 2019: $77,9482019Assets 2020: $674,984Liabilities 2020: $626,109Net Assets 2020: $48,8752020Assets 2021: $637,486Liabilities 2021: $625,263Net Assets 2021: $12,2232021Assets 2022: $571,244Liabilities 2022: $592,470Net Assets 2022: -$21,2262022Assets 2023: $555,097Liabilities 2023: $575,687Net Assets 2023: -$20,5902023Assets 2024: $434,603Liabilities 2024: $568,898Net Assets 2024: -$134,2952024

Highlighted filing

2014

Assets$785,485
Liabilities$696,393
Net Assets$89,092

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $327,081Expenses 2011: $356,153Net Income 2011: -$29,0722011Expenses 2012: $357,3102012Revenue 2013: $297,209Expenses 2013: $303,757Net Income 2013: -$6,5482013Revenue 2014: $318,883Expenses 2014: $352,757Net Income 2014: -$33,8742014Revenue 2015: $360,619Expenses 2015: $352,675Net Income 2015: $7,9442015Revenue 2016: $339,056Expenses 2016: $374,621Net Income 2016: -$35,5652016Revenue 2017: $403,301Expenses 2017: $378,739Net Income 2017: $24,5622017Revenue 2018: $397,249Expenses 2018: $381,182Net Income 2018: $16,0672018Revenue 2019: $386,757Expenses 2019: $410,909Net Income 2019: -$24,1522019Revenue 2020: $410,518Expenses 2020: $439,591Net Income 2020: -$29,0732020Revenue 2021: $367,975Expenses 2021: $439,507Net Income 2021: -$71,5322021Revenue 2022: $403,697Expenses 2022: $437,146Net Income 2022: -$33,4492022Revenue 2023: $436,676Expenses 2023: $436,040Net Income 2023: $6362023Revenue 2024: $466,790Expenses 2024: $580,495Net Income 2024: -$113,7052024

Highlighted filing

2014

Revenue$318,883
Expenses$352,757
Net Income-$33,874
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$319,604
Mission and Program Overview

Mission

Montclair shared housing association provides a gracious living environment for single seniors over the age of 62 who meet the prescribed income requirements and who are physically and mentally able to independently manage their living activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$788,792$739,425▼ $49,367
Cash and Non-Interest-Bearing Accounts$36,082$24,904▼ $11,178
Savings and Temporary Cash Investments-$20,473-
Prepaid Expenses and Deferred Charges-$683-
Total Assets$824,874$785,485▼ $39,389
Liabilities
Mortgage Notes Payable Secured by Investment Property$686,074$670,999▼ $15,075
Other Liabilities$15,834$21,803▲ $5,969
Accounts Payable and Accrued Expenses-$3,591-
Total Liabilities$701,908$696,393▼ $5,515
Net Assets / Fund Balance
Unrestricted Net Assets$122,966$89,092▼ $33,874
Total Net Assets Fund Balance$122,966$89,092▼ $33,874
Total Liabilities and Net Assets / Fund Balance$824,874$785,485▼ $39,389

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$536,065$917,433$1,453,498
Land$200,000-$200,000
Equipment$3,360$49,520$52,880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tara FardelloneExecutive DiPT$31,151$31,151

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$45,075
Program Service Revenue
$273,471
Investment Income
$0
Other Revenue
$337
All Other Contributions
$38,590
Change in Net Assets
$-33,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,661
Salaries, Compensation, and Employee Benefits$143,096
Total Fundraising Expense$9,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,610$8,895$4,448$88,953
Occupancy$58,642$6,516-$65,158
Depreciation Depletion$41,961$4,937$2,468$49,366
Interest$32,813$3,645-$36,458
Current Officers, Directors, Trustees, and Key Employees$26,478$3,115$1,558$31,151
Insurance$15,932$1,770-$17,702
Payroll Taxes$12,355$1,454$727$14,536
Other Employee Benefits$7,188$846$422$8,456
Fees for Services Accounting-$6,735-$6,735
Other Expenses$1,596$177-$1,773
Fees for Services Other-$988-$988
Office Expenses$692$77-$769
Advertising$528--$528
Total Functional Expenses$303,979$39,155$9,623$352,757
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$721
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
Security Deposits Payable$18,984
Accrued Interest Payable$2,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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 11B

The form 990 is reviewed by the organization's board prior to filing.

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

The board of trustees review policy annually and are advised of any potential conflict.

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

The board of trustees annually reviews and approves executive director's compensation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Montclair Shared Housing Assoc
EIN
22-3159141
Phone
9737468917
Address
27 HILLSIDE AVENUE, MONTCLAIR, NJ 07042

Signing Officer

Name
Maureen Donahoe
Title
President
Phone
9737468917
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen Donahoe President
Formed
1990
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
1

Preparer

Firm
Lambrides Arnold Moulthrop Llp
Address
26 PARK ST STE 301, MONTCLAIR, NJ 07042-3443
Preparer
William J Arnold
Phone
9737448660
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Montclair shared housing association provides a gracious living environment for single seniors over the age of 62 who meet the prescribed income requirements and who are physically and mentally able to independently manage their living activities.

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0727
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01454
IRS990/PayrollTaxesGrp/ProgramServicesAmt012355
IRS990/PayrollTaxesGrp/TotalAmt014536
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0683
IRS990/PrincipalOfficerNm0MAUREEN DONAHOE PRESIDENT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0273471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0273471
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt045460
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0180921
IRS990/PYOtherRevenueAmt04872
IRS990/PYProgramServiceRevenueAmt0246877
IRS990/PYRevenuesLessExpensesAmt0-6548
IRS990/PYSalariesCompEmpBnftPaidAmt0122836
IRS990/PYTotalExpensesAmt0303757
IRS990/PYTotalRevenueAmt0297209
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-33874
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0273471
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020473
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 12,485
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt045075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt030296
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0154972
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01375022
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04872
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04647
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01916
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01050
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012485
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76870
IRS990ScheduleA/PublicSupportPY170Pct00.80570
IRS990ScheduleA/PublicSupportTotal170Amt0128717
IRS990ScheduleA/SubstantialContributorsTotAmt026255
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08445
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt030296
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0154972
IRS990ScheduleA/TotalSupportAmt0167457
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0536065
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0917433
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01453498
IRS990ScheduleD/EquipmentGrp/BookValueAmt03360
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052880
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0739425
IRS990ScheduleD/TotalLiabilityAmt021803
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MONTCLAIR SHARED HOUSING ASSOCIATION PROVIDES A GRACIOUS LIVING ENVIRONMENT FOR SINGLE SENIORS OVER THE AGE OF 62 WHO MEET THE PRESCRIBED INCOME REQUIREMENTS AND WHO ARE PHYSICALLY AND MENTALLY ABLE TO INDEPENDENTLY MANAGE THEIR LIVING ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES REVIEW POLICY ANNUALLY AND ARE ADVISED OF ANY POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND APPROVES EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0824874
IRS990/TotalAssetsEOYAmt0785485
IRS990/TotalAssetsGrp/BOYAmt0824874
IRS990/TotalAssetsGrp/EOYAmt0785485
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045075
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09623
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039155
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303979
IRS990/TotalFunctionalExpensesGrp/TotalAmt0352757
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0701908
IRS990/TotalLiabilitiesEOYAmt0696393
IRS990/TotalLiabilitiesGrp/BOYAmt0701908
IRS990/TotalLiabilitiesGrp/EOYAmt0696393
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0122966
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089092
IRS990/TotalProgramServiceExpensesAmt0303979
IRS990/TotalProgramServiceRevenueAmt0273471
IRS990/TotalReportableCompFromOrgAmt031151
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0274529
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0318883
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0824874
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0785485
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0122966
IRS990/UnrestrictedNetAssetsGrp/EOYAmt089092
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027 HILLSIDE AVENUE
IRS990/USAddress/CityNm0MONTCLAIR

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$5.69$1.34$4.67$5.80$1.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$5.76$0.21$4.37$4.36$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$5.92$0.21$4.04$4.37$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.37$6.25$0.12$3.68$4.40$0.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$6.26$0.49$4.11$4.40$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.86$6.08$0.78$3.87$4.11$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.30$6.28$1.02$3.97$3.81$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.32$6.46$0.86$4.03$3.79$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.23$6.61$0.61$3.39$3.75$0.36
2015Detailed filing. Detailed filing data is available for this year.$7.76$6.79$0.97$3.61$3.53$0.08
2014Detailed filing. Detailed filing data is available for this year.$7.85$6.96$0.89$3.19$3.53$0.34
2013Detailed filing. Detailed filing data is available for this year.$8.25$7.02$1.23$2.97$3.04$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.57$7.28$1.30$3.57
2011Summary only. Only limited summary data is available for this year.$9.17$7.39$1.78$3.27$3.56$0.29