Civic Intelligence

Cornwells Home Association

EIN 23-7146894 • 501(c)2 • Bensalem, PA

Profile

SERVICE TO THE COMMUNITY

1193 Gravel PikeBensalem, PA 19020
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.88x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

3.18x

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

501(c)2 • <$500k nonprofits • Source year 2021

Net Margin

43rd percentile

-2.0%

Higher net margin than 43% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

501(c)2 • <$500k nonprofits • Source year 2021

Asset Growth

66th percentile

-0.4%

Faster asset growth than 66% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

131%

Faster revenue growth than 93% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$170,291

Down $671 (-0.4%) from 2020

Liabilities

Up

$150,374

Up $282 (+0.2%) from 2020

Net Assets

Down

$19,917

Down $953 (-4.6%) from 2020

Revenue

Up

$47,239

Up $26,831 (+131%) from 2020

Expenses

Down

$48,192

Down $28,134 (-37%) from 2020

Net Income

Up

-$953

Up $54,965 (+98%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2016: $235,378Liabilities 2016: $141,873Net Assets 2016: $93,5052016Assets 2017: $202,418Liabilities 2017: $122,261Net Assets 2017: $80,1572017Assets 2018: $190,436Liabilities 2018: $118,012Net Assets 2018: $72,4242018Assets 2019: $187,081Liabilities 2019: $113,284Net Assets 2019: $73,7972019Assets 2020: $170,962Liabilities 2020: $150,092Net Assets 2020: $20,8702020Assets 2021: $170,291Liabilities 2021: $150,374Net Assets 2021: $19,9172021

Highlighted filing

2021

Assets$170,291
Liabilities$150,374
Net Assets$19,917

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50K-$100KRevenue 2016: $71,187Expenses 2016: $81,098Net Income 2016: -$9,9112016Revenue 2017: $47,384Expenses 2017: $60,732Net Income 2017: -$13,3482017Revenue 2018: $76,267Expenses 2018: $84,000Net Income 2018: -$7,7332018Revenue 2019: $58,016Expenses 2019: $56,643Net Income 2019: $1,3732019Revenue 2020: $20,408Expenses 2020: $76,326Net Income 2020: -$55,9182020Revenue 2021: $47,239Expenses 2021: $48,192Net Income 2021: -$9532021

Highlighted filing

2021

Revenue$47,239
Expenses$48,192
Net Income-$953

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$122,728
Mission and Program Overview

Mission

SERVICE TO THE COMMUNITY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$155,154$148,996▼ $6,158
Rtn Earn Endowment Incm Other Fnds$66,157$58,424▼ $7,733
Savings and Temporary Cash Investments$50,000$38,000▼ $12,000
Cap Stk Tr Prin Current Funds$14,000$14,000→ $0
Cash and Non-Interest-Bearing Accounts$-2,736$3,440▲ $6,176
Total Assets$202,418$190,436▼ $11,982
Liabilities
Unsecured Notes Loans Payable$121,692$117,460▼ $4,232
Other Liabilities$569$552▼ $17
Total Liabilities$122,261$118,012▼ $4,249
Net Assets / Fund Balance
Total Net Assets Fund Balance$80,157$72,424▼ $7,733
Total Liabilities and Net Assets / Fund Balance$202,418$190,436▼ $11,982

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$147,496$137,043$284,539
Land$1,500-$1,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas FoltzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,850
Program Service Revenue
$0
Investment Income
$117
Other Revenue
$63,300
All Other Contributions
$12,850
Change in Net Assets
$-7,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,038
Salaries, Compensation, and Employee Benefits$7,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$16,524$11,370-$11,370
All Other Expenses$4,679$2,679-$7,358
Other Salaries and Wages$7,200--$7,200
Fees for Services Accounting-$3,575-$3,575
Payroll Taxes$762--$762
Depreciation Depletion-$570-$570
Total Functional Expenses$29,165$54,835$0$84,000
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll$552
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Cornwells Home Association
EIN
23-7146894
Phone
2156398940
Address
1193 GRAVEL PIKE, BENSALEM, PA 19020

Signing Officer

Name
Thomas Foltz
Title
Treasurer
Phone
2156398940
Signed
2019-10-09

Organization Details

Principal Officer
Thomas Foltz
Voting Board Members
7
Independent Board Members
0
Employees
1

Preparer

Firm
Rosenberg Smith Cooney & Migliore Pc
Address
3331 STREET ROAD STE 445, BENSALEM, PA 19020-2047
Preparer
Charles E Haig CPA
Phone
2152457777
Raw XML Appendix255 raw XML fields

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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ReturnHeader/BuildTS02020-03-31 21:24:44Z
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