Liabilities / Assets
42nd percentile
Higher debt load relative to assets than 42% of similar nonprofits.
Developmental Enterprises Corporation
EIN 23-7122260 • 501(c)3 • Norristown, PA
Profile
Dec provides residential, sheltered workshop, supported living and supported employment services to developmentally disabled adults.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.11x
Liabilities / Revenue
39th percentile
Higher debt load relative to revenue than 39% of similar nonprofits.
Net Margin
43rd percentile
Higher net margin than 43% of similar nonprofits.
Top Officer Pay
44th percentile
Higher top officer pay than 44% of similar nonprofits.
Top officer pay equals 1.9% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
36th percentile
Faster revenue growth than 36% of similar nonprofits.
Balance Sheet
Assets
Up$10,214,357
Up $276,494 (+2.8%) from 2021
Liabilities
Down$988,654
Down $1,473,518 (-60%) from 2021
Net Assets
Up$9,225,703
Up $1,750,012 (+23%) from 2021
Revenue
Up$9,419,647
Up $3,031,708 (+47%) from 2021
Expenses
Down$7,476,269
Down $12,097 (-0.2%) from 2021
Net Income
Up$1,943,378
Up $3,043,805 (+277%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $10,214,357
- Liabilities
- $988,654
- Net assets
- $9,225,703
- Revenue
- $9,419,647
- Expenses
- $7,476,269
- Net income
- $1,943,378
Latest Detailed Filing
The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Apr 19, 2021
- Return Version
- 2019v5.2
- Gross Receipts
- $8,798,429
Mission and Program Overview
Mission
Dec provides residential, sheltered workshop, supported living and supported employment services to developmentally disabled adults.
Dec is committed to supporting those with developmental disabilities to reach their potential.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,725,768 | $3,876,394 | ▲ $1,150,626 |
| Cash and Non-Interest-Bearing Accounts | $2,653,865 | $2,125,422 | ▼ $528,443 |
| Land, Buildings, and Equipment, Net | $1,622,534 | $1,420,669 | ▼ $201,865 |
| Investments in Publicly Traded Securities | $1,161,186 | $1,182,543 | ▲ $21,357 |
| Accounts Receivable | $1,670,802 | $333,258 | ▼ $1,337,544 |
| Prepaid Expenses and Deferred Charges | $124,815 | $120,073 | ▼ $4,742 |
| Total Assets | $10,172,501 | $9,292,336 | ▼ $880,165 |
| Other Assets Total | $213,531 | $233,977 | ▲ $20,446 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $656,632 | $540,843 | ▼ $115,789 |
| Other Liabilities | $689,043 | $390,617 | ▼ $298,426 |
| Total Liabilities | $1,345,675 | $931,460 | ▼ $414,215 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $8,826,826 | $8,360,876 | ▼ $465,950 |
| Total Net Assets Fund Balance | $8,826,826 | $8,360,876 | ▼ $465,950 |
| Total Liabilities and Net Assets / Fund Balance | $10,172,501 | $9,292,336 | ▼ $880,165 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $822,255 | $2,888,912 | $3,711,167 |
| Equipment | $236,340 | $903,211 | $1,139,551 |
| Leasehold Improvements | $118,447 | $741,622 | $860,069 |
| Other Land Buildings | $37,717 | $717,309 | $755,026 |
| Land | $205,910 | - | $205,910 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Susan Golec | CEO/exeuctive Director | FT | $111,485 | $11,550 | $123,035 |
| Brian Hague | Controller | FT | $107,290 | - | $107,290 |
Board Members and Trustees
| Name | Title |
|---|---|
| James Keating | President |
| Mark Phander | Vice-president |
| Brian W Meyers | Director |
| John Frampton | Director |
| Patricia M Wynne | Director |
| Kirk Armbrust | Secretary |
| L Steuart Brown Jr | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $8,195,157
- Program Service Revenue
- $341,137
- Investment Income
- $49,501
- Other Revenue
- $-3,424
- All Other Contributions
- $83,886
- Change in Net Assets
- $-860,966
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $7,391,936 |
| Other Expenses | $1,983,751 |
| Total Fundraising Expense | $120,308 |
| Professional Fundraising Fees | $67,650 |
| Grants and Similar Amounts Paid | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $5,078,069 | $396,317 | $5,312 | $5,479,698 |
| Other Employee Benefits | $1,019,859 | $56,174 | - | $1,076,033 |
| Occupancy | $568,791 | $3,161 | - | $571,952 |
| Payroll Taxes | $383,555 | $125,953 | $2,464 | $511,972 |
| Depreciation Depletion | $249,037 | $21,118 | - | $270,155 |
| Current Officers, Directors, Trustees, and Key Employees | $11,968 | $191,551 | $20,523 | $224,042 |
| Travel | $197,820 | $4,046 | - | $201,866 |
| Insurance | $173,172 | $7,419 | $432 | $181,023 |
| Office Expenses | $139,170 | $30,496 | - | $169,666 |
| Fees for Services Other | $66,112 | $87,608 | - | $153,720 |
| Information Technology | $65,249 | $86,464 | - | $151,713 |
| Pension Plan Contributions | $75,103 | $25,088 | - | $100,191 |
| Fees for Services Professional Fundraising | - | - | $67,650 | $67,650 |
| Fees for Services Legal | $18,197 | $24,114 | - | $42,311 |
| All Other Expenses | $14,544 | $7,616 | - | $22,160 |
| Other Expenses | $19,517 | $2,562 | $23,927 | $22,079 |
| Fees for Services Accounting | $9,462 | $12,538 | - | $22,000 |
| Total Functional Expenses | $8,220,564 | $1,102,465 | $120,308 | $9,443,337 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- Yes
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $67,650 |
| Fundraising Direct Expenses | $35,036 |
| Fundraising Gross Income | $25,665 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Golf Tournament | $55,290 | $25,665 | $5,333 | $20,332 |
| Total Events | $55,290 | $25,665 | $35,036 | $-9,371 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Held for the Account of Others | $295,327 |
| Other Accrued Liabilities | $95,290 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- 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
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11B
“Dec's 990 form is prepared by the independent auditors and reviewed by the controller along with the executive director. Prior to filing, the 990 is provided in copy form to the board of directors.”
Form 990, Part VI, Section B, Line 12C
“The conflict of interest statements are reviewed annually by the president of the board of directors, who questions any unusual items. If any changes occur during the fiscal year, these are noted and documented.”
Form 990, Part VI, Section B, Line 15
“The ceo/executive director's and the cfo/controller's compensation is reviewed by the board of directors, all of whom are independent of the organization. The organization has completed a review of executive compensation applicable to the fiscal year beginning july 1, 2019. The board of directors, using collected data to compare compensation for similarly qualified persons in functionally comparable positions at similar organizations located in similar geographic area, and other relevant facts and circumstances, has determined that the