Civic Intelligence

Nexus Inc.

990 • Fiscal year 2015 • EIN 23-7246765

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 29, 2016

888 Main StreetWoburn, MA 01801

(781) 935-0611

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,562,127

Down $74,358 (-2.8%) from 2014

Net Assets

Up

$736,673

Up $184,470 (+33%) from 2014

Liabilities

Down

$1,825,454

Down $258,828 (-12%) from 2014

Revenue And Expenses

Revenue

Up

$3,928,617

Up $365,755 (+10%) from 2014

Expenses

Up

$3,749,303

Up $533,957 (+17%) from 2014

Net Income

Down

$179,314

Down $168,202 (-48%) from 2014

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$0Assets 2014: $2,636,485Liabilities 2014: $2,084,282Net Assets 2014: $552,2032014Assets 2015: $2,562,127Liabilities 2015: $1,825,454Net Assets 2015: $736,6732015Assets 2016: $2,511,131Liabilities 2016: $1,646,466Net Assets 2016: $864,6652016Assets 2017: $2,580,981Liabilities 2017: $1,692,793Net Assets 2017: $888,1882017Assets 2018: $2,413,574Liabilities 2018: $1,764,128Net Assets 2018: $649,4462018Assets 2019: $2,441,828Liabilities 2019: $1,779,042Net Assets 2019: $662,7862019Assets 2020: $2,806,280Liabilities 2020: $2,228,195Net Assets 2020: $578,0852020Assets 2021: $3,035,642Liabilities 2021: $1,729,387Net Assets 2021: $1,306,2552021Assets 2022: $3,178,879Liabilities 2022: $1,681,716Net Assets 2022: $1,497,1632022Assets 2023: $3,863,473Liabilities 2023: $2,300,710Net Assets 2023: $1,562,7632023Assets 2024: $4,034,982Liabilities 2024: $2,593,660Net Assets 2024: $1,441,3222024Assets 2025: $4,122,194Liabilities 2025: $2,351,425Net Assets 2025: $1,770,7692025

Highlighted filing

2015

Assets$2,562,127
Liabilities$1,825,454
Net Assets$736,673

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,562,862Expenses 2014: $3,215,346Net Income 2014: $347,5162014Revenue 2015: $3,928,617Expenses 2015: $3,749,303Net Income 2015: $179,3142015Revenue 2016: $4,047,381Expenses 2016: $3,899,232Net Income 2016: $148,1492016Revenue 2017: $4,051,198Expenses 2017: $4,115,190Net Income 2017: -$63,9922017Revenue 2018: $3,993,215Expenses 2018: $4,299,693Net Income 2018: -$306,4782018Revenue 2019: $4,183,386Expenses 2019: $4,195,121Net Income 2019: -$11,7352019Revenue 2020: $4,623,785Expenses 2020: $4,652,348Net Income 2020: -$28,5632020Revenue 2021: $5,447,602Expenses 2021: $4,897,958Net Income 2021: $549,6442021Revenue 2022: $5,374,987Expenses 2022: $5,106,755Net Income 2022: $268,2322022Revenue 2023: $5,754,425Expenses 2023: $5,688,825Net Income 2023: $65,6002023Revenue 2024: $6,669,031Expenses 2024: $6,790,472Net Income 2024: -$121,4412024Revenue 2025: $7,678,050Expenses 2025: $7,348,603Net Income 2025: $329,4472025

Highlighted filing

2015

Revenue$3,928,617
Expenses$3,749,303
Net Income$179,314
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 29, 2016
Return Version
2014v6.0
Gross Receipts
$3,928,617
Mission and Program Overview

Mission

Nexus, inc. (the organization) is a nonprofit organization which provides residential alternatives for developmentally challenged individuals that promote the highest quality of life possible and opportunities for residents.

To provide residential alternatives for developmentally challenged individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,394,798$1,369,330▼ $25,468
Investments in Publicly Traded Securities$399,589$644,271▲ $244,682
Accounts Receivable$303,043$217,030▼ $86,013
Savings and Temporary Cash Investments$386,034$146,499▼ $239,535
Cash and Non-Interest-Bearing Accounts$118,476$141,387▲ $22,911
Prepaid Expenses and Deferred Charges$15,595$18,548▲ $2,953
Total Assets$2,636,485$2,562,127▼ $74,358
Other Assets Total$18,950$25,062▲ $6,112
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,599,381$1,327,356▼ $272,025
Accounts Payable and Accrued Expenses$484,901$498,098▲ $13,197
Total Liabilities$2,084,282$1,825,454▼ $258,828
Net Assets / Fund Balance
Unrestricted Net Assets$552,203$736,673▲ $184,470
Total Net Assets Fund Balance$552,203$736,673▲ $184,470
Total Liabilities and Net Assets / Fund Balance$2,636,485$2,562,127▼ $74,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,369,330$847,759$2,217,089
Equipment$0$72,724$72,724
Compensation and Service Providers

Board Members and Trustees

NameTitle
David NihillPresident
Alice Van DeusenDirector
Jerrold KatzDirector
Kathleen FarleySecretary/clerk
Marie PriceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,531,856
Program Service Revenue
$386,793
Investment Income
$9,968
Other Revenue
$0
All Other Contributions
$2,750
Change in Net Assets
$179,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,928,617
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,156
Total Revenue per Audited Statements
$3,933,773
Total Revenue per Form 990
$3,928,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,082,743
Other Expenses$666,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,192,448$234,362-$2,426,810
Other Employee Benefits$277,797$35,826-$313,623
Occupancy$236,641$58,799-$295,440
Payroll Taxes$171,659$26,978-$198,637
Pension Plan Contributions$96,654$47,019-$143,673
Depreciation Depletion$76,624$2,274-$78,898
Interest$39,730$8,208-$47,938
Travel$30,708--$30,708
Office Expenses-$30,697-$30,697
Insurance$21,287$2,784-$24,071
Fees for Services Accounting-$20,504-$20,504
Other Expenses$31,074$11,226-$11,226
Conferences and Meetings$9,183--$9,183
Fees for Services Other-$4,604-$4,604
All Other Expenses$2,455--$2,455
Total Functional Expenses$3,246,438$502,865$0$3,749,303

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,749,303
Total Expenses per Audited Statements$3,749,303
Total Expenses per Form 990$3,749,303
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Part VI, Section A, Line 8B

The organization does not have any designated committees. The board of directors assumes responsibility for the oversight of the audit and selection of the independent accountants.

Form 990, Part VI, Section B, Line 11

Copy of return is submitted to the organization prior to the filing of the return.

Form 990, Part VI, Section C, Line 19

Documents are available to the public on the massachusetts attorney general's and guidestar websites. Additionally, documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Nexus Inc
EIN
23-7246765
Address
888 MAIN STREET, WOBURN, MA 01801

Signing Officer

Name
Edward Sacco
Title
Executive Director
Phone
7819350611
Signed
2016-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Sacco
Formed
1972
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
110
Volunteers
0

Preparer

Firm
Litmangerson Associates Llp
Address
600 W CUMMINGS PARK SUITE 4400, WOBURN, MA 01801
Preparer
John D Geraci
Phone
7815694700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization accounts for the uncertainty in income taxes in accordance with fasb asc topic no. 740, income taxes, which prescribes a recognition threshold of more likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. When necessary, the organization accounts for interest and penalties related to uncertain tax positions as part of its provision for income taxes. The organization does not expect that unrecognized tax benefits arising from tax positions will change significantly within the next 12 months. The organization is currently open to audit under the statute of limitations by the internal revenue service and state taxing authorities for the years ended june 30, 2012 through 2015.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02739468
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015916087
IRS990ScheduleA/TotalSupportAmt015931819
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/BookValueAmt01369330
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0847759
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02217089
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072724
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072724
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03749303
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt05156
IRS990ScheduleD/RevenueNotReportedAmt05156
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03928617
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT 12 MONTHS. THE ORGANIZATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2012 THROUGH 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01369330
IRS990ScheduleD/TotalExpensesPerForm990Amt03749303
IRS990ScheduleD/TotalRevenuePerForm990Amt03928617
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03933773
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03749303
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY DESIGNATED COMMITTEES. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF RETURN IS SUBMITTED TO THE ORGANIZATION PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE MASSACHUSETTS ATTORNEY GENERAL'S AND GUIDESTAR WEBSITES. ADDITIONALLY, DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CO-NEXUS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043446374
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE HOUSING FOR DEVELOPMENTALLY DISABLED ADULTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0888 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WOBURN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt074770
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt138831
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21356
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0RECEIVABLE-FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1MGMT FEE-ALLOCATED P/R & RELATED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2INSURANCE-ALLOCATED SHARED POLICY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CO-NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CO-NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CO-NEXUS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1L
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02636485
IRS990/TotalAssetsEOYAmt02562127
IRS990/TotalAssetsGrp/BOYAmt02636485
IRS990/TotalAssetsGrp/EOYAmt02562127
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03531856
IRS990/TotalEmployeeCnt0110
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0502865
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03246438
IRS990/TotalFunctionalExpensesGrp/TotalAmt03749303
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02084282
IRS990/TotalLiabilitiesEOYAmt01825454
IRS990/TotalLiabilitiesGrp/BOYAmt02084282
IRS990/TotalLiabilitiesGrp/EOYAmt01825454
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0552203
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0736673
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03246438
IRS990/TotalProgramServiceRevenueAmt0386793
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09968
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0386793
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03928617
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02636485
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02562127
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt030708
IRS990/TravelGrp/TotalAmt030708
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0552203

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