Civic Intelligence

Bayonne Community Action Project Inc.

990 • Fiscal year 2014 • EIN 22-3623036

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 27, 2015

28 West 20th StreetBayonne, NJ 07002

(201) 433-6095

Siviq Scores

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

Liabilities / Assets

44th percentile

0.76x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

14.70x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Net Margin

12th percentile

-73%

Higher net margin than 12% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

43rd percentile

-2.9%

Faster asset growth than 43% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

29th percentile

-1.5%

Faster revenue growth than 29% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,539,627

Down $105,313 (-2.9%) from 2013

Net Assets

Down

$855,829

Down $132,994 (-13%) from 2013

Liabilities

Up

$2,683,798

Up $27,681 (+1.0%) from 2013

Revenue

Down

$182,553

Down $2,866 (-1.5%) from 2013

Expenses

Up

$315,547

Up $515 (+0.2%) from 2013

Net Income

Down

-$132,994

Down $3,381 (-2.6%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,060,301Liabilities 2010: $2,649,820Net Assets 2010: $1,410,4812010Assets 2011: $3,892,962Liabilities 2011: $2,659,043Net Assets 2011: $1,233,9192011Assets 2012: $3,770,202Liabilities 2012: $2,658,704Net Assets 2012: $1,111,4982012Assets 2013: $3,644,940Liabilities 2013: $2,656,117Net Assets 2013: $988,8232013Assets 2014: $3,539,627Liabilities 2014: $2,683,798Net Assets 2014: $855,8292014Assets 2015: $3,470,330Liabilities 2015: $2,724,673Net Assets 2015: $745,6572015Assets 2016: $3,378,262Liabilities 2016: $2,736,986Net Assets 2016: $641,2762016Assets 2017: $3,322,300Liabilities 2017: $2,764,284Net Assets 2017: $558,0162017Assets 2018: $3,241,865Liabilities 2018: $2,782,027Net Assets 2018: $459,8382018Assets 2019: $3,128,697Liabilities 2019: $2,781,838Net Assets 2019: $346,8592019Assets 2020: $3,121,835Liabilities 2020: $2,859,213Net Assets 2020: $262,6222020Assets 2021: $3,076,202Liabilities 2021: $2,940,685Net Assets 2021: $135,5172021Assets 2022: $3,073,871Liabilities 2022: $3,005,881Net Assets 2022: $67,9902022Assets 2023: $2,994,688Liabilities 2023: $3,083,834Net Assets 2023: -$89,1462023Assets 2024: $2,829,665Liabilities 2024: $3,167,499Net Assets 2024: -$337,8342024

Highlighted filing

2014

Assets$3,539,627
Liabilities$2,683,798
Net Assets$855,829

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $309,1422010Expenses 2011: $312,3012011Expenses 2012: $290,3392012Revenue 2013: $185,419Expenses 2013: $315,032Net Income 2013: -$129,6132013Revenue 2014: $182,553Expenses 2014: $315,547Net Income 2014: -$132,9942014Revenue 2015: $189,080Expenses 2015: $301,052Net Income 2015: -$111,9722015Revenue 2016: $202,840Expenses 2016: $307,221Net Income 2016: -$104,3812016Revenue 2017: $213,201Expenses 2017: $296,460Net Income 2017: -$83,2592017Revenue 2018: $226,952Expenses 2018: $325,130Net Income 2018: -$98,1782018Revenue 2019: $186,912Expenses 2019: $299,891Net Income 2019: -$112,9792019Revenue 2020: $225,576Expenses 2020: $309,813Net Income 2020: -$84,2372020Revenue 2021: $235,203Expenses 2021: $362,308Net Income 2021: -$127,1052021Revenue 2022: $245,872Expenses 2022: $313,399Net Income 2022: -$67,5272022Revenue 2023: $201,887Expenses 2023: $359,023Net Income 2023: -$157,1362023Revenue 2024: $181,282Expenses 2024: $429,970Net Income 2024: -$248,6882024

Highlighted filing

2014

Revenue$182,553
Expenses$315,547
Net Income-$132,994
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 27, 2015
Return Version
2014v5.0
Gross Receipts
$182,553
Mission and Program Overview

Mission

To provide affordable housing units

To provide affordable housing units to low and moderate income families to the citizens of bayonne, new jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,527,412$3,447,101▼ $80,311
Accounts Receivable$14,972$16,306▲ $1,334
Prepaid Expenses and Deferred Charges$13,686$10,229▼ $3,457
Cash and Non-Interest-Bearing Accounts$25,617$4,703▼ $20,914
Total Assets$3,646,940$3,539,627▼ $107,313
Other Assets Total$65,253$61,288▼ $3,965
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,557,668$2,554,984▼ $2,684
Other Liabilities$81,624$94,375▲ $12,751
Accounts Payable and Accrued Expenses$18,825$34,439▲ $15,614
Total Liabilities$2,658,117$2,683,798▲ $25,681
Net Assets / Fund Balance
Unrestricted Net Assets$988,823$855,829▼ $132,994
Total Net Assets Fund Balance$988,823$855,829▼ $132,994
Total Liabilities and Net Assets / Fund Balance$3,646,940$3,539,627▼ $107,313

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,742,206$437,157-
Land$675,946--
Leasehold Improvements$28,949$4,136-
Other Assets Org$61,288--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Gene SykesChairman
Rae Dante MoorePresident
Ashby C WorellBoard Member
Iris CharlesBoard Member
Linda BryantSecretary
Gwendolyn SavageTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$85
Other Revenue
$182,468
Change in Net Assets
$-132,994

Audited Revenue Reconciliation

Revenue per Audited Statements
$182,553
Total Revenue per Audited Statements
$182,553
Total Revenue per Form 990
$182,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$80,311$0$0$80,311
Interest$75,957$0$0$75,957
All Other Expenses$25,546$8,645$0$34,191
Insurance$24,041$0$0$24,041
Occupancy$13,560$0$0$13,560
Fees for Services Accounting$0$12,884$0$12,884
Other Expenses$8,959$0$0$8,959
Fees for Services Management$0$8,160$0$8,160
Information Technology$4,213$0$0$4,213
Fees for Services Legal$0$1,871$0$1,871
Office Expenses$0$1,612$0$1,612
Total Functional Expenses$282,375$33,172$0$315,547

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$315,547
Total Expenses per Audited Statements$315,547
Total Expenses per Form 990$315,547
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
Accrued Interest - Home Exp Mortgage$50,200
Accrued Interest - Szl Mortgage$31,500
Tenants Security Deposits$12,675
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Bayonne Community Action Project Inc
EIN
22-3623036
Phone
2014336095
Address
28 WEST 20TH STREET, BAYONNE, NJ 07002

Signing Officer

Name
Gene H Sykes
Title
President
Phone
2014336095
Signed
2015-04-27

Organization Details

Principal Officer
Rev Gene Sykes
Formed
1998
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Maligu Associates LLC
Address
779 Bergen Ave Suite 202, Jersey City, NJ 07306-4552
Preparer
Muhammad Umar CPA
Phone
2014336095
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The governing board reviews completed form 990 and

Pt VI, Line 11B

Related schedules for accuracy and compliance prior to

Pt VI, Line 11B

FILING.

Pt VI, Line 19

The organization's financial records and taxes are

Pt VI, Line 19

Available to the public upon request.

Pt VI, Line 3

The organization contracted with a property management

Pt VI, Line 3

Company with related expertise to operate two rental

Pt VI, Line 3

Housing units. The board of directors provide oversight

Pt VI, Line 3

By reviewing the activities of the property management

Pt VI, Line 3

FIRM.

Form 990, Part IX, Line 24F

Inspection & other fees 3228. 3228. 0. 0. Bad debts 10410. 10410. 0. 0. Service costs 11908. 11908. 0. 0. Misc. Administrative 8645. 0. 8645. 0.

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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/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0135739
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0110533
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0782162
IRS990ScheduleA/TotalSupportAmt0782162
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02742206
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0437157
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03179363
IRS990ScheduleD/ExpensesSubtotalAmt0315547
IRS990ScheduleD/LandGrp/BookValueAmt0675946
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0675946
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt028949
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04136
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt033085
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt061288
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt150200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST - SZL MORTGAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST - HOME EXP MORTGAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANTS SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0182553
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03447101
IRS990ScheduleD/TotalBookValueOtherAssetsAmt061288
IRS990ScheduleD/TotalExpensesPerForm990Amt0315547
IRS990ScheduleD/TotalLiabilityAmt094375
IRS990ScheduleD/TotalRevenuePerForm990Amt0182553
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0182553
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0315547
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BOARD REVIEWS COMPLETED FORM 990 AND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RELATED SCHEDULES FOR ACCURACY AND COMPLIANCE PRIOR TO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FINANCIAL RECORDS AND TAXES ARE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION CONTRACTED WITH A PROPERTY MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPANY WITH RELATED EXPERTISE TO OPERATE TWO RENTAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HOUSING UNITS. THE BOARD OF DIRECTORS PROVIDE OVERSIGHT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BY REVIEWING THE ACTIVITIES OF THE PROPERTY MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INSPECTION & OTHER FEES 3228. 3228. 0. 0. BAD DEBTS 10410. 10410. 0. 0. SERVICE COSTS 11908. 11908. 0. 0. MISC. ADMINISTRATIVE 8645. 0. 8645. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03646940
IRS990/TotalAssetsEOYAmt03539627
IRS990/TotalAssetsGrp/BOYAmt03646940
IRS990/TotalAssetsGrp/EOYAmt03539627
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033172
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0282375
IRS990/TotalFunctionalExpensesGrp/TotalAmt0315547
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02658117
IRS990/TotalLiabilitiesEOYAmt02683798
IRS990/TotalLiabilitiesGrp/BOYAmt02658117
IRS990/TotalLiabilitiesGrp/EOYAmt02683798
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0988823
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0855829
IRS990/TotalProgramServiceExpensesAmt0282375
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0182553
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0182553
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03646940
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03539627
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0988823
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0855829
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028 WEST 20TH STREET
IRS990/USAddress/CityNm0BAYONNE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007002
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.BCAPNJ.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GENE H SYKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02014336095
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAYONNE COMMUNITY ACTION PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0BAYO
ReturnHeader/Filer/EIN0223623036
ReturnHeader/Filer/PhoneNum02014336095
ReturnHeader/Filer/USAddress/AddressLine1Txt028 WEST 20TH STREET
ReturnHeader/Filer/USAddress/CityNm0BAYONNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007002
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Maligu Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0779 Bergen Ave Suite 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jersey City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0073064552
ReturnHeader/PreparerPersonGrp/PhoneNum02014336095
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MUHAMMAD UMAR CPA
ReturnHeader/ReturnTs02015-05-05T06:51:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$3.17$0.34$0.18$0.43$0.25
2023Summary only. Only limited summary data is available for this year.$2.99$3.08$0.09$0.20$0.36$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$3.01$0.07$0.25$0.31$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$2.94$0.14$0.24$0.36$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$2.86$0.26$0.23$0.31$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$2.78$0.35$0.19$0.30$0.11
2018Summary only. Only limited summary data is available for this year.$3.24$2.78$0.46$0.23$0.33$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$2.76$0.56$0.21$0.30$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$2.74$0.64$0.20$0.31$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$2.72$0.75$0.19$0.30$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.54$2.68$0.86$0.18$0.32$0.13
2013Detailed filing. Detailed filing data is available for this year.$3.64$2.66$0.99$0.19$0.32$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$2.66$1.11$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$2.66$1.23$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$2.65$1.41$0.31
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits