Civic Intelligence

Bayonne Community Action Project Inc.

990 • Fiscal year 2017 • EIN 22-3623036

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 14, 2018

28 West 20th StreetBayonne, NJ 07002

(201) 232-8627

Siviq Scores

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

Liabilities / Assets

47th percentile

0.83x

Higher debt load relative to assets than 47% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

12.97x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-39%

Higher net margin than 32% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

-1.7%

Faster asset growth than 68% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

5.1%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,322,300

Down $55,962 (-1.7%) from 2016

Net Assets

Down

$558,016

Down $83,260 (-13%) from 2016

Liabilities

Up

$2,764,284

Up $27,298 (+1.0%) from 2016

Revenue

Up

$213,201

Up $10,361 (+5.1%) from 2016

Expenses

Down

$296,460

Down $10,761 (-3.5%) from 2016

Net Income

Up

-$83,259

Up $21,122 (+20%) from 2016

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

2017

Assets$3,322,300
Liabilities$2,764,284
Net Assets$558,016

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

2017

Revenue$213,201
Expenses$296,460
Net Income-$83,259
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 14, 2018
Return Version
2017v2.2
Gross Receipts
$213,201
Mission and Program Overview

Mission

To provide affordable housing units

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,286,479$3,206,168▼ $80,311
Cash and Non-Interest-Bearing Accounts$18,049$18,107▲ $58
Prepaid Expenses and Deferred Charges$13,223$14,155▲ $932
Accounts Receivable$4,233$10,699▲ $6,466
Total Assets$3,378,262$3,322,300▼ $55,962
Other Assets Total$56,278$73,171▲ $16,893
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,549,640$2,549,640→ $0
Other Liabilities$127,775$145,416▲ $17,641
Accounts Payable and Accrued Expenses$59,571$69,228▲ $9,657
Total Liabilities$2,736,986$2,764,284▲ $27,298
Net Assets / Fund Balance
Unrestricted Net Assets$641,276$558,016▼ $83,260
Total Net Assets Fund Balance$641,276$558,016▼ $83,260
Total Liabilities and Net Assets / Fund Balance$3,378,262$3,322,300▼ $55,962

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,503,754$675,609$3,179,363
Land$675,946-$675,946
Leasehold Improvements$26,468$6,617$33,085
Other Assets Org$14,715--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Gene SykesChairman
Ashby WorrellBoard Member
Jean PateSecretary
William WiseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,609
Investment Income
$91
Other Revenue
$209,501
Change in Net Assets
$-83,259

Audited Revenue Reconciliation

Revenue per Audited Statements
$213,201
Total Revenue per Audited Statements
$213,201
Total Revenue per Form 990
$213,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$296,460
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$73,150$0$0$73,150
Insurance$29,629$0$0$29,629
All Other Expenses$6,288$17,971$0$24,259
Fees for Services Accounting$0$15,030$0$15,030
Occupancy$0$11,304$0$11,304
Other Expenses$11,268$0$0$11,268
Fees for Services Management$0$8,415$0$8,415
Information Technology$0$4,842$0$4,842
Office Expenses$0$1,440$0$1,440
Fees for Services Legal$0$417$0$417
Total Functional Expenses$237,041$59,419$0$296,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$296,461
Total Expenses per Audited Statements$296,461
Total Expenses per Form 990$296,461
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$80,301
Accrued Interest - Szl Mortgage$50,400
Tenants Security Deposits$14,715
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
2012328627
Address
28 WEST 20TH STREET, BAYONNE, NJ 07002

Signing Officer

Name
Gene H Sykes
Title
President
Phone
2012328627
Signed
2018-04-14

Organization Details

Principal Officer
Rev Gene Sykes
Formed
1998
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Maligu Associates LLC
Address
779 Bergen Ave Suite 202, Jersey City, NJ 07306-4552
Preparer
Bernard Mensah 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 THE RETURN.

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

As required by loan agreements, the organization contracted with a property management company with

Pt VI, Line 3

Related expertise to operate 18 rental uinits

Pt VI, Line 3

The board of directors provide oversight by reviewing

Pt VI, Line 3

The activities of the property management company

Form 990, Part IX, Line 24E

Inspection & other fees 1743. 0. 1743. 0.

Form 990, Part IX, Line 24E

Service costs 6288. 6288. 0. 0.

Form 990, Part IX, Line 24E

Misc. Administrative 16228. 0. 16228. 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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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt026468
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06617
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033085
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt058456
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114715
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt180301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt214715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST - SZL MORTGAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST - HOME EXP MORTGAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANTS SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0213201
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03206168
IRS990ScheduleD/TotalBookValueOtherAssetsAmt073171
IRS990ScheduleD/TotalExpensesPerForm990Amt0296461
IRS990ScheduleD/TotalLiabilityAmt0145416
IRS990ScheduleD/TotalRevenuePerForm990Amt0213201
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0213201
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0296461
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 THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FINANCIAL RECORDS AND TAXES ARE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AS REQUIRED BY LOAN AGREEMENTS, THE ORGANIZATION CONTRACTED WITH A PROPERTY MANAGEMENT COMPANY WITH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RELATED EXPERTISE TO OPERATE 18 RENTAL UINITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS PROVIDE OVERSIGHT BY REVIEWING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ACTIVITIES OF THE PROPERTY MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9INSPECTION & OTHER FEES 1743. 0. 1743. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SERVICE COSTS 6288. 6288. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MISC. ADMINISTRATIVE 16228. 0. 16228. 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/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03378262
IRS990/TotalAssetsEOYAmt03322300
IRS990/TotalAssetsGrp/BOYAmt03378262
IRS990/TotalAssetsGrp/EOYAmt03322300
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059419
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0237041
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296460
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02736986
IRS990/TotalLiabilitiesEOYAmt02764284
IRS990/TotalLiabilitiesGrp/BOYAmt02736986
IRS990/TotalLiabilitiesGrp/EOYAmt02764284
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0641276
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0558016
IRS990/TotalProgramServiceExpensesAmt0237041
IRS990/TotalProgramServiceRevenueAmt03609
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213201
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213201
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03378262
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03322300
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0641276
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0558016
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028 WEST 20TH STREET
IRS990/USAddress/CityNm0BAYONNE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007002
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.BCAPNJ.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GENE H SYKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02012328627
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAYONNE COMMUNITY ACTION PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0BAYO
ReturnHeader/Filer/EIN0223623036
ReturnHeader/Filer/PhoneNum02012328627
ReturnHeader/Filer/USAddress/AddressLine1Txt028 WEST 20TH STREET
ReturnHeader/Filer/USAddress/CityNm0BAYONNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007002
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00ABC25CD76A32A0AAE710BFFE5D5C82F9FD2413E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DFC02D443EACA03170F4722BA8C1542926AF0C83
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.117.48.35
ReturnHeader/FilingSecurityInformation/IPDt02018-05-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:32:45
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/PreparationDt02018-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BERNARD MENSAH CPA
ReturnHeader/ReturnTs02018-05-12T12:32:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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
2017Detailed filing. Detailed filing data is available for this year.$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