Civic Intelligence

Spectrum Paramus Home Inc

990EZ • Fiscal year 2021 • EIN 22-3344257

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 27, 2022

210 Rivervale Road Suite 3River Vale, NJ 07675

(201) 358-8000

Siviq Scores

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

Liabilities / Assets

94th percentile

2.82x

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

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

2.86x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Asset Growth

23rd percentile

-10%

Faster asset growth than 23% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

-4.4%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$87,000

Down $9,676 (-10%) from 2020

Net Assets

Up

-$158,238

Up $19,830 (+11%) from 2020

Liabilities

Down

$245,238

Down $29,506 (-11%) from 2020

Revenue

Down

$85,834

Down $3,916 (-4.4%) from 2020

Expenses

Down

$66,004

Down $2,962 (-4.3%) from 2020

Net Income

Down

$19,830

Down $954 (-4.6%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2009: $194,686Liabilities 2009: $311,1022009Assets 2010: $181,684Liabilities 2010: $305,5112010Assets 2011: $170,790Liabilities 2011: $306,6302011Assets 2012: $152,709Liabilities 2012: $288,3142012Assets 2013: $146,555Liabilities 2013: $269,4422013Assets 2014: $140,232Liabilities 2014: $274,4292014Assets 2015: $137,728Liabilities 2015: $278,3662015Assets 2016: $121,925Liabilities 2016: $287,6162016Assets 2017: $97,026Liabilities 2017: $287,3572017Assets 2018: $93,518Liabilities 2018: $307,406Net Assets 2018: -$213,8882018Assets 2019: $91,732Liabilities 2019: $290,584Net Assets 2019: -$198,8522019Assets 2020: $96,676Liabilities 2020: $274,744Net Assets 2020: -$178,0682020Assets 2021: $87,000Liabilities 2021: $245,238Net Assets 2021: -$158,2382021Assets 2022: $99,796Liabilities 2022: $232,287Net Assets 2022: -$132,4912022Assets 2023: $107,584Liabilities 2023: $208,895Net Assets 2023: -$101,3112023Assets 2024: $112,590Liabilities 2024: $211,354Net Assets 2024: -$98,7642024

Highlighted filing

2021

Assets$87,000
Liabilities$245,238
Net Assets-$158,238

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2009: $76,465Expenses 2009: $75,898Net Income 2009: $5672009Revenue 2010: $83,898Expenses 2010: $91,309Net Income 2010: -$7,4112010Revenue 2011: $86,051Expenses 2011: $98,064Net Income 2011: -$12,0132011Revenue 2012: $87,223Expenses 2012: $86,988Net Income 2012: $2352012Revenue 2013: $89,936Expenses 2013: $77,218Net Income 2013: $12,7182013Revenue 2014: $92,289Expenses 2014: $103,599Net Income 2014: -$11,3102014Revenue 2015: $108,881Expenses 2015: $115,322Net Income 2015: -$6,4412015Revenue 2016: $89,223Expenses 2016: $114,276Net Income 2016: -$25,0532016Revenue 2017: $83,037Expenses 2017: $107,677Net Income 2017: -$24,6402017Revenue 2018: $90,168Expenses 2018: $113,725Net Income 2018: -$23,5572018Revenue 2019: $99,177Expenses 2019: $101,234Net Income 2019: -$2,0572019Revenue 2020: $89,750Expenses 2020: $68,966Net Income 2020: $20,7842020Revenue 2021: $85,834Expenses 2021: $66,004Net Income 2021: $19,8302021Revenue 2022: $99,507Expenses 2022: $73,760Net Income 2022: $25,7472022Revenue 2023: $105,519Expenses 2023: $74,339Net Income 2023: $31,1802023Revenue 2024: $76,580Expenses 2024: $74,033Net Income 2024: $2,5472024

Highlighted filing

2021

Revenue$85,834
Expenses$66,004
Net Income$19,830
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 27, 2022
Return Version
2021v4.2
Gross Receipts
$85,834
Mission and Program Overview

Mission

Provide housing for 7 disabled adults.

Program Services

DescriptionGrantsExpenses
PROVIDE HOUSING FACILITIES AND SERVICES FOR SEVEN (7) DEVELOPMENTALLY DISABLED ADULTS SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.$0$55,683
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHRISTOPHER L PERRYPresident/CEO-$0--
BRIAN TODDChairperson-$0--
MAUREEN PALLATTAVice Chairperson-$0--
VINCENT O'BRIENTreasurer-$0--
DONNA CANNILLOSecretary-$0--
PAUL BLAUSTEINTrustee-$0--
MICHAEL CARPENTERTrustee-$0--
RANDY CSIKTrustee-$0--
FRANK FIORETrustee-$0--
SUE FREMONTTrustee-$0--
ISABELLE JACOBSTrustee-$0--
CHRISTINE LAROCCA ESQTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Spectrum Paramus Home Inc
EIN
22-3344257
Phone
2013588000
Address
210 RIVERVALE ROAD SUITE 3, RIVER VALE, NJ 07675

Signing Officer

Name
Danny Rosario
Title
Chief Financial Officer
Phone
2013588000
Signed
2022-09-27
Discuss with paid preparer
Yes

Preparer

Firm
Mercadien Pc
Address
PO BOX 7648, PRINCETON, NJ 08543-7648
Preparer
Raphael J Carletti CPA
Phone
6096899700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: investment income. Amount: 13.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: depreciation . Amount: 8,243. Description: interest . Amount: 10,839. Description: insurance. Amount: 2,795. Description: administrative fee . Amount: 10,321. Description: fees and permits. Amount: 1,680. Total to form 990-ez, line 16: 33,878.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 3,178. End of year amount: 420. Description: replacement reserve. Beg. Of year amount: 13,873. End of year amount: 13,870. Description: residual receipts reserve. Beg. Of year amount: 9,257. End of year amount: 10,451. Description: tenant security deposits. Beg. Of year amount: 1,189. End of year amount: 194. Description: tenant rent receivable . Beg. Of year amount: 0. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 9,299. End of year amount: 5,489. Description: support and revenue for future periods. Beg. Of year amount: 414. End of year amount: 0. Description: tenant deposits held in trust. Beg. Of year amount: 1,189. End of year amount: 1,189. Description: mortgage payable. Beg. Of year amount: 128,569. End of year amount: 103,287. Description: due to affiliates. Beg. Of year amount: 135,273. End of year amount: 135,273.

Raw XML Appendix220 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 13.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION . AMOUNT: 8,243. DESCRIPTION: INTEREST . AMOUNT: 10,839. DESCRIPTION: INSURANCE. AMOUNT: 2,795. DESCRIPTION: ADMINISTRATIVE FEE . AMOUNT: 10,321. DESCRIPTION: FEES AND PERMITS. AMOUNT: 1,680. TOTAL TO FORM 990-EZ, LINE 16: 33,878.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 3,178. END OF YEAR AMOUNT: 420. DESCRIPTION: REPLACEMENT RESERVE. BEG. OF YEAR AMOUNT: 13,873. END OF YEAR AMOUNT: 13,870. DESCRIPTION: RESIDUAL RECEIPTS RESERVE. BEG. OF YEAR AMOUNT: 9,257. END OF YEAR AMOUNT: 10,451. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 1,189. END OF YEAR AMOUNT: 194. DESCRIPTION: TENANT RENT RECEIVABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 9,299. END OF YEAR AMOUNT: 5,489. DESCRIPTION: SUPPORT AND REVENUE FOR FUTURE PERIODS. BEG. OF YEAR AMOUNT: 414. END OF YEAR AMOUNT: 0. DESCRIPTION: TENANT DEPOSITS HELD IN TRUST. BEG. OF YEAR AMOUNT: 1,189. END OF YEAR AMOUNT: 1,189. DESCRIPTION: MORTGAGE PAYABLE. BEG. OF YEAR AMOUNT: 128,569. END OF YEAR AMOUNT: 103,287. DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 135,273. END OF YEAR AMOUNT: 135,273.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.13$2.11$0.99$0.77$0.74$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.08$2.09$1.01$1.06$0.74$0.31
2022Detailed filing. Detailed filing data is available for this year.$1.00$2.32$1.32$1.00$0.74$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.87$2.45$1.58$0.86$0.66$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.97$2.75$1.78$0.90$0.69$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.92$2.91$1.99$0.99$1.01$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.94$3.07$2.14$0.90$1.14$0.24
2017Summary only. Only limited summary data is available for this year.$0.97$2.87$0.83$1.08$0.25
2016Summary only. Only limited summary data is available for this year.$1.22$2.88$0.89$1.14$0.25
2015Summary only. Only limited summary data is available for this year.$1.38$2.78$1.09$1.15$0.06
2014Summary only. Only limited summary data is available for this year.$1.40$2.74$0.92$1.04$0.11
2013Summary only. Only limited summary data is available for this year.$1.47$2.69$0.90$0.77$0.13
2012Summary only. Only limited summary data is available for this year.$1.53$2.88$0.87$0.87$0.00
2011Summary only. Only limited summary data is available for this year.$1.71$3.07$0.86$0.98$0.12
2010Summary only. Only limited summary data is available for this year.$1.82$3.06$0.84$0.91$0.07
2009Summary only. Only limited summary data is available for this year.$1.95$3.11$0.76$0.76$0.01