Civic Intelligence

Morris Canal Redevelopment Area Community Development Corp

990 • Fiscal year 2016 • EIN 22-3747538

Jan 01, 2016 to Dec 31, 2016 • Filed on Dec 11, 2017

Organization Profilewww.morriscanalcdc.org
317 Pacific AveJersey City, NJ 07304

(201) 915-9600

Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

3.65x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-5.3%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$2,792,213

Up $406,800 (+17%) from 2015

Net Assets

Up

$450,524

Up $425,417 (+1694%) from 2015

Liabilities

Down

$2,341,689

Down $18,617 (-0.8%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin95th percentile

Revenue

Down

$640,963

Down $35,771 (-5.3%) from 2015

Expenses

Up

$215,546

Up $6,373 (+3.0%) from 2015

Net Income

Down

$425,417

Down $42,144 (-9.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $239,665Liabilities 2010: $142,3652010Assets 2011: $332,953Liabilities 2011: $157,524Net Assets 2011: $175,4292011Assets 2012: $1,932,841Liabilities 2012: $1,114,016Net Assets 2012: $818,8252012Assets 2013: $2,141,848Liabilities 2013: $1,371,298Net Assets 2013: $770,5502013Assets 2014: $2,022,772Liabilities 2014: $2,465,226Net Assets 2014: -$442,4542014Assets 2015: $2,385,413Liabilities 2015: $2,360,306Net Assets 2015: $25,1072015Assets 2016: $2,792,213Liabilities 2016: $2,341,689Net Assets 2016: $450,5242016Assets 2017: $2,530,011Liabilities 2017: $2,327,782Net Assets 2017: $202,2292017Assets 2018: $2,295,723Liabilities 2018: $2,293,541Net Assets 2018: $2,1822018Assets 2019: $2,167,003Liabilities 2019: $2,325,388Net Assets 2019: -$158,3852019

Highlighted filing

2016

Assets$2,792,213
Liabilities$2,341,689
Net Assets$450,524
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

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

$1.0M$500K$0-$500KRevenue 2010: $123,149Expenses 2010: $38,592Net Income 2010: $84,5572010Expenses 2011: $123,3952011Revenue 2012: $786,876Expenses 2012: $143,480Net Income 2012: $643,3962012Revenue 2013: $104,871Expenses 2013: $153,145Net Income 2013: -$48,2742013Revenue 2014: $96,227Expenses 2014: $292,305Net Income 2014: -$196,0782014Revenue 2015: $676,734Expenses 2015: $209,173Net Income 2015: $467,5612015Revenue 2016: $640,963Expenses 2016: $215,546Net Income 2016: $425,4172016Revenue 2017: $110,630Expenses 2017: $365,065Net Income 2017: -$254,4352017Revenue 2018: $95,517Expenses 2018: $295,564Net Income 2018: -$200,0472018Revenue 2019: $98,594Expenses 2019: $241,495Net Income 2019: -$142,9012019

Highlighted filing

2016

Revenue$640,963
Expenses$215,546
Net Income$425,417
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$710,979
Mission and Program Overview

Mission

To encourage community developement, provide good quality afforable housing, foster economic development, provide employment, and job training.

The Organization successfully completed the construction of eight 8 afforable rental units, received Certificate of Occupancy, and had all units rented as of December 31, 2013.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,918,991$1,870,080▼ $48,911
Cash and Non-Interest-Bearing Accounts$434,960$649,831▲ $214,871
Pledges and Grants Receivable-$104,032-
Prepaid Expenses and Deferred Charges$77$3,681▲ $3,604
Total Assets$2,385,413$2,792,213▲ $406,800
Other Assets Total$31,385$164,589▲ $133,204
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,905,731$1,905,731→ $0
Unsecured Notes Loans Payable$260,180$254,321▼ $5,859
Accounts Payable and Accrued Expenses$183,559$163,294▼ $20,265
Other Liabilities$10,836$18,343▲ $7,507
Total Liabilities$2,360,306$2,341,689▼ $18,617
Net Assets / Fund Balance
Unrestricted Net Assets$25,107$450,524▲ $425,417
Total Net Assets Fund Balance$25,107$450,524▲ $425,417
Total Liabilities and Net Assets / Fund Balance$2,385,413$2,792,213▲ $406,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,865,686$213,220$2,078,906
Equipment$4,394-$4,394
Other Assets Org$10,902--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
June JonesExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$100,000
Program Service Revenue
$0
Investment Income
$500,011
Other Revenue
$40,952
Change in Net Assets
$425,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$110,939
Other Expenses$102,197
Total Fundraising Expense$10,597
Grants and Similar Amounts Paid$2,410
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$42,644$7,996$2,665$53,305
Current Officers, Directors, Trustees, and Key Employees$42,000$7,875$2,625$52,500
Other Salaries and Wages$38,683$7,253$2,418$48,354
Fees for Services Accounting$17,091$3,205$1,068$21,364
Office Expenses$9,432$1,769$589$11,790
Payroll Taxes$8,068$1,513$504$10,085
Insurance$6,591$1,236$412$8,239
Other Expenses$5,055$948$316$6,319
Grants to Domestic Orgs$2,410--$2,410
Conferences and Meetings$540$95-$635
Advertising$351--$351
Total Functional Expenses$173,030$31,919$10,597$215,546
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,972
Fundraising Direct Expenses$20,046
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Award Diner$31,448$31,448$6,980$24,468
Other$3,524$3,524-$3,524
Total Events$34,972$34,972$20,046$14,926
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$10,902
Tenants security deposits$7,441
Mortgage payable -current portion-
Other-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Each board member receives a copy of From 990 to review and discuss before its filed.”

Form 990, Part VI, Section C, Line 19

“Documents and financial statements are made availbale to the public when requested.”

Filing and Contact Details

Filer

Filer Name
Morris Canal Redevelopment Area Cdc
EIN
22-3747538
Phone
2019159600
Address
317 PACIFIC AVE, JERSEY CITY, NJ 07304

Signing Officer

Name
June Jones Executive Director
Title
Executive Director
Signed
2017-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
June Jones
Formed
1999
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
4
Employees
10

Preparer

Firm
Calvin Taylor CPA LLC
Address
991 Route 22 West Suite 200, Bridgewater, NJ 08807
Preparer
Calvin Taylor
Phone
9083798292
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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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034972
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014926
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06980
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06980
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0NJ
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each board member receives a copy of From 990 to review and discuss before its filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents and financial statements are made availbale to the public when requested.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02385413
IRS990/TotalAssetsEOYAmt02792213
IRS990/TotalAssetsGrp/BOYAmt02385413
IRS990/TotalAssetsGrp/EOYAmt02792213
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100000
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010597
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0173030
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215546
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02360306
IRS990/TotalLiabilitiesEOYAmt02341689
IRS990/TotalLiabilitiesGrp/BOYAmt02360306
IRS990/TotalLiabilitiesGrp/EOYAmt02341689
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025107
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0450524
IRS990/TotalProgramServiceExpensesAmt0173030
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0640963
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02385413
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02792213
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt025107
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0450524
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0260180
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0254321
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0317 PACIFIC AVE
IRS990/USAddress/CityNm0JERSEY CITY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007304
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.morriscanalcdc.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0June Jones Executive Director
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORRIS CANAL REDEVELOPMENT AREA CDC
ReturnHeader/Filer/BusinessNameControlTxt0MORR
ReturnHeader/Filer/EIN0223747538
ReturnHeader/Filer/PhoneNum02019159600
ReturnHeader/Filer/USAddress/AddressLine1Txt0317 PACIFIC AVE
ReturnHeader/Filer/USAddress/CityNm0JERSEY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007304
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DB78C8D061389C06CCFC30E6A73B82B5D4D64551
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DB78C8D061389C06CCFC30E6A73B82B5D4D64551
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.63.58.117
ReturnHeader/FilingSecurityInformation/IPDt02017-12-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm017:17:52
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALVIN TAYLOR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0991 Route 22 West Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bridgewater
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008807
ReturnHeader/PreparerPersonGrp/PhoneNum09083798292
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Calvin Taylor
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-11T12:22:17-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,792,213
Liabilities
$2,341,689
Net assets
$450,524
Revenue
$640,963
Expenses
$215,546
Net income
$425,417
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$2.17$2.33$0.16$0.10$0.24$0.14
2018Summary only. Only limited summary data is available for this year.$2.30$2.29$0.00$0.10$0.30$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.53$2.33$0.20$0.11$0.37$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.79$2.34$0.45$0.64$0.22$0.43
2015Detailed filing. Detailed filing data is available for this year.$2.39$2.36$0.03$0.68$0.21$0.47
2014Detailed filing. Detailed filing data is available for this year.$2.02$2.47$0.44$0.10$0.29$0.20
2013Summary only. Only limited summary data is available for this year.$2.14$1.37$0.77$0.10$0.15$0.05
2012Summary only. Only limited summary data is available for this year.$1.93$1.11$0.82$0.79$0.14$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.16$0.18$0.12
2010Summary only. Only limited summary data is available for this year.$0.24$0.14$0.12$0.04$0.08