Civic Intelligence

Better Homes Inc.

990 • Fiscal year 2021 • EIN 23-2038165

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

2605 Durham RoadBristol, PA 19007-0022

(215) 945-3400

Siviq Scores

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

Liabilities / Assets

67th percentile

0.19x

Higher debt load relative to assets than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

1.40x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

50th percentile

13%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$55,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

-0.2%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$3,199,597

Down $5,805 (-0.2%) from 2020

Net Assets

Up

$2,579,663

Up $56,093 (+2.2%) from 2020

Liabilities

Down

$619,934

Down $61,898 (-9.1%) from 2020

Revenue

Down

$442,896

Down $161,949 (-27%) from 2020

Expenses

Down

$386,803

Down $6,798 (-1.7%) from 2020

Net Income

Down

$56,093

Down $155,151 (-73%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,812,481Liabilities 2010: $949,585Net Assets 2010: $1,862,8962010Assets 2011: $3,120,452Liabilities 2011: $900,210Net Assets 2011: $2,220,2422011Assets 2012: $3,295,206Liabilities 2012: $898,941Net Assets 2012: $2,396,2652012Assets 2013: $3,245,944Liabilities 2013: $840,990Net Assets 2013: $2,404,9542013Assets 2014: $3,167,443Liabilities 2014: $812,167Net Assets 2014: $2,355,2762014Assets 2015: $3,128,399Liabilities 2015: $787,257Net Assets 2015: $2,341,1422015Assets 2016: $3,107,737Liabilities 2016: $755,914Net Assets 2016: $2,351,8232016Assets 2017: $3,094,414Liabilities 2017: $737,658Net Assets 2017: $2,356,7562017Assets 2018: $3,052,497Liabilities 2018: $742,493Net Assets 2018: $2,310,0042018Assets 2019: $3,059,892Liabilities 2019: $747,566Net Assets 2019: $2,312,3262019Assets 2020: $3,205,402Liabilities 2020: $681,832Net Assets 2020: $2,523,5702020Assets 2021: $3,199,597Liabilities 2021: $619,934Net Assets 2021: $2,579,6632021Assets 2022: $3,309,894Liabilities 2022: $526,425Net Assets 2022: $2,783,4692022Assets 2023: $3,157,766Liabilities 2023: $510,151Net Assets 2023: $2,647,6152023

Highlighted filing

2021

Assets$3,199,597
Liabilities$619,934
Net Assets$2,579,663

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $362,6792010Expenses 2011: $366,9262011Expenses 2012: $464,2732012Revenue 2013: $505,812Expenses 2013: $497,123Net Income 2013: $8,6892013Revenue 2014: $399,745Expenses 2014: $449,423Net Income 2014: -$49,6782014Revenue 2015: $405,896Expenses 2015: $420,030Net Income 2015: -$14,1342015Revenue 2016: $436,310Expenses 2016: $425,629Net Income 2016: $10,6812016Revenue 2017: $434,461Expenses 2017: $429,528Net Income 2017: $4,9332017Revenue 2018: $434,579Expenses 2018: $481,331Net Income 2018: -$46,7522018Revenue 2019: $419,906Expenses 2019: $417,584Net Income 2019: $2,3222019Revenue 2020: $604,845Expenses 2020: $393,601Net Income 2020: $211,2442020Revenue 2021: $442,896Expenses 2021: $386,803Net Income 2021: $56,0932021Revenue 2022: $507,159Expenses 2022: $303,353Net Income 2022: $203,8062022Revenue 2023: $290,196Expenses 2023: $285,685Net Income 2023: $4,5112023

Highlighted filing

2021

Revenue$442,896
Expenses$386,803
Net Income$56,093
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$542,366
Mission and Program Overview

Mission

Purchase, rehab, sell or rent homes to low and moderate income families at affordable prices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$774,956$774,956→ $0
Other Notes and Loans Receivable, Net$749,373$749,373→ $0
Land, Buildings, and Equipment, Net$589,690$535,109▼ $54,581
Accounts Receivable$186,883$240,544▲ $53,661
Cash and Non-Interest-Bearing Accounts$89,899$36,734▼ $53,165
Prepaid Expenses and Deferred Charges$2,443$2,436▼ $7
Investments Other Securities$-50,936$-50,936→ $0
Total Assets$3,205,402$3,199,597▼ $5,805
Other Assets Total$863,094$911,381▲ $48,287
Liabilities
Mortgage Notes Payable Secured by Investment Property$553,485$511,699▼ $41,786
Other Liabilities$93,927$65,978▼ $27,949
Accounts Payable and Accrued Expenses$34,420$42,257▲ $7,837
Total Liabilities$681,832$619,934▼ $61,898
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,523,570$2,579,663▲ $56,093
Total Net Assets Fund Balance$2,523,570$2,579,663▲ $56,093
Total Liabilities and Net Assets / Fund Balance$3,205,402$3,199,597▼ $5,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$535,109$1,443,280-
Other Assets Org$5,197--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carmen WattsExecutive DirectorFT$55,000$55,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$25,695
Program Service Revenue
$130,460
Investment Income
$54,036
Other Revenue
$232,705
Change in Net Assets
$56,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$442,896
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$820
Total Revenue per Audited Statements
$443,716
Total Revenue per Form 990
$442,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,728
Salaries, Compensation, and Employee Benefits$149,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,374$17,456-$69,830
Other Salaries and Wages$43,517$14,506-$58,023
Depreciation Depletion$55,224--$55,224
Insurance$12,864$12,252-$25,116
Interest$24,654--$24,654
Occupancy-$16,658-$16,658
Payroll Taxes$8,066$2,689-$10,755
Other Employee Benefits$7,850$2,617-$10,467
Fees for Services Accounting-$9,349-$9,349
All Other Expenses$179$6,465-$6,644
Office Expenses-$6,212-$6,212
Other Expenses$10,426$5,961-$5,961
Total Functional Expenses$281,015$105,788$0$386,803

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$387,623
Expenses per Audited Statements$386,803
Total Expenses per Form 990$386,803
Expenses Not Reported on Form 990$820
Expenses Not Reported on Financial Statements$0
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
Security Deposits$45,478
Line of Credit$20,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

Member election for additional members - Additional Board members are elected by the BOD.

Form 990, Part VI, Section A, line 7A

Member election for additional members - Additional Board members are elected by the BOD.

Form 990, Part VI, Section A, line 7B

Governing body decisions are made by the BOD.

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

Form 990 is reviewed by the Board of Directors.

Form 990, Part VI, Section B, line 15

The Board of Directors determines the compensation for the Executive Director.

Form 990, Part VI, Section C, line 19

The organization's governing documents, financial statements and Form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Better Homes Inc
EIN
23-2038165
Phone
2159453400
Address
2605 Durham Road, Bristol, PA 19007-0022
Doing Business As
None

Signing Officer

Name
Carmen Watts
Title
Executive Director
Phone
2159453400
Signed
2022-11-15

Organization Details

Principal Officer
Carmen Watts
Formed
1975
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7

Preparer

Firm
J Miller & Associates
Address
1617 John F Kennedy Blvd, Philadelphia, PA 19103
Preparer
Joyce Miller
Phone
2156001701
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0417201
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt025695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt025695
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt054036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt055560
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt052499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt049728
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt047130
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0258953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0323877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0333836
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0358232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0364980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0381578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01762503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt054036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt055560
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt052499
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt049728
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047130
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0258953
IRS990ScheduleA/InvestmentIncomeCYPct00.12400
IRS990ScheduleA/InvestmentIncomePYPct00.11840
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012769
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03519
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt019871
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05752
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041911
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85600
IRS990ScheduleA/PublicSupportPY509Pct00.86500
IRS990ScheduleA/PublicSupportTotal509Amt01788198
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0349572
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0333836
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0358232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0364980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0381578
IRS990ScheduleA/Total509Grp/TotalAmt01788198
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0416377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0392915
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0410731
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0434579
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0434460
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02089062
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0535109
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01443280
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01978389
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0820
IRS990ScheduleD/DonatedServicesUseFcltsAmt0820
IRS990ScheduleD/ExpensesNotReportedAmt0820
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0386803
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0875616
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt130568
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25197
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Interest Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Mortgage Escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Other Assets
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Line of Credit
IRS990ScheduleD/RevenueNotReportedAmt0820
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0442896
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0535109
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0911381
IRS990ScheduleD/TotalExpensesPerForm990Amt0386803
IRS990ScheduleD/TotalLiabilityAmt065978
IRS990ScheduleD/TotalRevenuePerForm990Amt0442896
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0443716
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0387623
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Member election for additional members - Additional Board members are elected by the BOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Member election for additional members - Additional Board members are elected by the BOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing body decisions are made by the BOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors determines the compensation for the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization's governing documents, financial statements and Form 990 are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03205402
IRS990/TotalAssetsEOYAmt03199597
IRS990/TotalAssetsGrp/BOYAmt03205402
IRS990/TotalAssetsGrp/EOYAmt03199597
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt025695
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105788
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281015
IRS990/TotalFunctionalExpensesGrp/TotalAmt0386803
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0681832
IRS990/TotalLiabilitiesEOYAmt0619934
IRS990/TotalLiabilitiesGrp/BOYAmt0681832
IRS990/TotalLiabilitiesGrp/EOYAmt0619934
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02523570
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02579663
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0281015
IRS990/TotalProgramServiceRevenueAmt0130460

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$0.51$2.65$0.29$0.29$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.53$2.78$0.51$0.30$0.20
2021Detailed filing. Detailed filing data is available for this year.$3.20$0.62$2.58$0.44$0.39$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.68$2.52$0.60$0.39$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.75$2.31$0.42$0.42$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.74$2.31$0.43$0.48$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.74$2.36$0.43$0.43$0.00
2016Summary only. Only limited summary data is available for this year.$3.11$0.76$2.35$0.44$0.43$0.01
2015Summary only. Only limited summary data is available for this year.$3.13$0.79$2.34$0.41$0.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.17$0.81$2.36$0.40$0.45$0.05
2013Detailed filing. Detailed filing data is available for this year.$3.25$0.84$2.40$0.51$0.50$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.90$2.40$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.90$2.22$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.95$1.86$0.36
Peer Organizations

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