Civic Intelligence

Barton Chambers Apartments Inc.

990 • Fiscal year 2013 • EIN 23-7385650

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 01, 2014

PO Box 24805822

(802) 525-3907

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.13x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

95th percentile

4.85x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

23rd percentile

-7.8%

Higher net margin than 23% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

42nd percentile

$21,323

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$1,545,638

No earlier filing loaded for comparison.

Net Assets

-$194,949

No earlier filing loaded for comparison.

Liabilities

$1,740,587

No earlier filing loaded for comparison.

Revenue

$358,918

No earlier filing loaded for comparison.

Expenses

$386,948

No earlier filing loaded for comparison.

Net Income

-$28,030

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2013: $1,545,638Liabilities 2013: $1,740,587Net Assets 2013: -$194,9492013Assets 2014: $1,514,756Liabilities 2014: $1,725,780Net Assets 2014: -$211,0242014Assets 2015: $1,503,089Liabilities 2015: $1,717,933Net Assets 2015: -$214,8442015Assets 2016: $1,478,318Liabilities 2016: $1,667,594Net Assets 2016: -$189,2762016Assets 2017: $1,456,905Liabilities 2017: $1,643,577Net Assets 2017: -$186,6722017Assets 2018: $1,438,037Liabilities 2018: $1,612,515Net Assets 2018: -$174,4782018Assets 2019: $1,359,512Liabilities 2019: $1,570,016Net Assets 2019: -$210,5042019Assets 2020: $1,294,873Liabilities 2020: $1,538,730Net Assets 2020: -$243,8572020Assets 2021: $1,218,719Liabilities 2021: $1,486,242Net Assets 2021: -$267,5232021Assets 2022: $1,162,353Liabilities 2022: $1,438,762Net Assets 2022: -$276,4092022Assets 2023: $1,123,924Liabilities 2023: $1,390,704Net Assets 2023: -$266,7802023Assets 2024: $1,103,170Liabilities 2024: $1,330,877Net Assets 2024: -$227,7072024Assets 2025: $1,080,272Liabilities 2025: $1,274,569Net Assets 2025: -$194,2972025

Highlighted filing

2013

Assets$1,545,638
Liabilities$1,740,587
Net Assets-$194,949

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $358,918Expenses 2013: $386,948Net Income 2013: -$28,0302013Revenue 2014: $377,885Expenses 2014: $393,960Net Income 2014: -$16,0752014Revenue 2015: $383,856Expenses 2015: $387,676Net Income 2015: -$3,8202015Revenue 2016: $401,901Expenses 2016: $376,333Net Income 2016: $25,5682016Revenue 2017: $391,699Expenses 2017: $389,095Net Income 2017: $2,6042017Revenue 2018: $404,378Expenses 2018: $392,184Net Income 2018: $12,1942018Revenue 2019: $395,992Expenses 2019: $432,018Net Income 2019: -$36,0262019Revenue 2020: $391,250Expenses 2020: $424,603Net Income 2020: -$33,3532020Revenue 2021: $412,593Expenses 2021: $436,259Net Income 2021: -$23,6662021Revenue 2022: $415,808Expenses 2022: $424,694Net Income 2022: -$8,8862022Revenue 2023: $459,528Expenses 2023: $449,899Net Income 2023: $9,6292023Revenue 2024: $494,562Expenses 2024: $455,489Net Income 2024: $39,0732024Revenue 2025: $529,963Expenses 2025: $496,553Net Income 2025: $33,4102025

Highlighted filing

2013

Revenue$358,918
Expenses$386,948
Net Income-$28,030
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 1, 2014
Return Version
2013v3.1
Gross Receipts
$358,918
Mission and Program Overview

Mission

To provide low cost elderly housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,245,978$1,187,664▼ $58,314
Savings and Temporary Cash Investments$309,486$318,413▲ $8,927
Inventories for Sale or Use$34,209$32,781▼ $1,428
Accounts Receivable$531$936▲ $405
Rtn Earn Endowment Incm Other Fnds$-166,919$-194,949▼ $28,030
Total Assets$1,595,780$1,545,638▼ $50,142
Other Assets Total$5,576$5,844▲ $268
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,736,945$1,716,177▼ $20,768
Other Liabilities$14,836$15,939▲ $1,103
Accounts Payable and Accrued Expenses$10,918$8,471▼ $2,447
Total Liabilities$1,762,699$1,740,587▼ $22,112
Net Assets / Fund Balance
Total Net Assets Fund Balance$-166,919$-194,949▼ $28,030
Total Liabilities and Net Assets / Fund Balance$1,595,780$1,545,638▼ $50,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$973,017$1,466,729$2,439,746
Land$214,647-$214,647
Equipment-$151,964$151,964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gary MarcotteManagerPT$21,323$21,323

Board Members and Trustees

NameTitle
John BrownPresident
Robert MorseDirector
Rupert ChamberlinDirector
Susan PenharlowDirector
Muriel ChamberlinSecretary
Colleen CloutierTreasurer
Joyce MorseVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$275
Program Service Revenue
$349,522
Investment Income
$2,683
Other Revenue
$6,438
All Other Contributions
$275
Change in Net Assets
$-28,030

Audited Revenue Reconciliation

Revenue per Audited Statements
$358,918
Revenue Not Reported on Form 990
$119,205
Total Revenue per Audited Statements
$478,123
Total Revenue per Form 990
$358,918
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,729
Salaries, Compensation, and Employee Benefits$56,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$192,560--$192,560
Depreciation Depletion$68,814--$68,814
Interest$36,105--$36,105
Other Salaries and Wages$18,575$11,668-$30,243
Current Officers, Directors, Trustees, and Key Employees-$21,323-$21,323
Insurance$16,738--$16,738
Fees for Services Accounting-$6,050-$6,050
Payroll Taxes$3,486$1,167-$4,653
Other Expenses$1,783--$1,783
Office Expenses$1,615--$1,615
Advertising$97--$97
Total Functional Expenses$346,740$40,208$0$386,948

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$506,153
Expenses per Audited Statements$386,948
Total Expenses per Form 990$386,948
Expenses Not Reported on Form 990$119,205
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$15,939
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board president reviews and signs the 990 as many of the board members are out of state during the winter months. The 990 is available for the board to review and it is presented with the audited financials to the full board at their mid-may annual meeting.

Form 990, Page 6, Part VI, Line 12C

The organization has signed and submitted contracts to rd/udag agreeing to adhere to rules promulagated in the hb-2-3560 which includes in section 1 (3.4), section 2 (3.6) (and others) procedures to be followed regarding identity of interest.

Form 990, Page 6, Part VI, Line 15A

The board establishes the site manager's compensation prior to the annual budget preparation in august.

Form 990, Page 6, Part VI, Line 15B

Other employees are evaluated for rate increases in august prior to the budget submission to rural development.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

EIN
23-7385650
Phone
8025253907

Signing Officer

Name
Gary Marcotte
Title
Manager
Phone
8025253907
Signed
2014-03-01

Organization Details

Principal Officer
Gary Marcotte
Formed
1974
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Preparer
Andrew Bachand
Phone
8025249531
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Interest subsidy reported as revenue on fs 126,202 recovery of bad debt reclass -6,997 interest subsidy netted with interest expense on 990 -126,202 recovery of bad debt reclass 6,997

Financial Statement Notes

Schedule D, Page 3, Part X

Barton chambers apartments, inc. Is exempt from federal and state income taxes under internal revenue code section 501(c)(3) and is recognized as a non-profit corporation by the state of vermont. Filings for years after december 31, 2010 are open for examination.

Schedule D, Page 4, Part XI, Line 2D

Interest subsidy reported as revenue on fs 126,202 recovery of bad debt reclass -6,997

Schedule D, Page 4, Part XII, Line 2D

Interest subsidy netted with interest expense on 990 126,202 recovery of bad debt reclass -6,997

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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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03897
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03007
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04363
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017930
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0355960
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06713
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08575
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06249
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05438
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05071
IRS990ScheduleA/OtherIncome170Grp/TotalAmt032046
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94800
IRS990ScheduleA/PublicSupportPY170Pct00.94080
IRS990ScheduleA/PublicSupportTotal170Amt0910704
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0189977
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0189472
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0177407
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0176881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0176967
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0910704
IRS990ScheduleA/TotalSupportAmt0960680
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0973017
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01466729
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02439746
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0151964
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0151964
IRS990ScheduleD/ExpensesNotReportedAmt0119205
IRS990ScheduleD/ExpensesSubtotalAmt0386948
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0214647
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0214647
IRS990ScheduleD/OtherExpensesIncludedAmt0119205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0119205
IRS990ScheduleD/RevenueNotReportedAmt0119205
IRS990ScheduleD/RevenueSubtotalAmt0358918
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BARTON CHAMBERS APARTMENTS, INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS RECOGNIZED AS A NON-PROFIT CORPORATION BY THE STATE OF VERMONT. FILINGS FOR YEARS AFTER DECEMBER 31, 2010 ARE OPEN FOR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST SUBSIDY REPORTED AS REVENUE ON FS 126,202 RECOVERY OF BAD DEBT RECLASS -6,997
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTEREST SUBSIDY NETTED WITH INTEREST EXPENSE ON 990 126,202 RECOVERY OF BAD DEBT RECLASS -6,997
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01187664
IRS990ScheduleD/TotalExpensesPerForm990Amt0386948
IRS990ScheduleD/TotalLiabilityAmt015939
IRS990ScheduleD/TotalRevenuePerForm990Amt0358918
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0478123
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0506153
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD PRESIDENT REVIEWS AND SIGNS THE 990 AS MANY OF THE BOARD MEMBERS ARE OUT OF STATE DURING THE WINTER MONTHS. THE 990 IS AVAILABLE FOR THE BOARD TO REVIEW AND IT IS PRESENTED WITH THE AUDITED FINANCIALS TO THE FULL BOARD AT THEIR MID-MAY ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS SIGNED AND SUBMITTED CONTRACTS TO RD/UDAG AGREEING TO ADHERE TO RULES PROMULAGATED IN THE HB-2-3560 WHICH INCLUDES IN SECTION 1 (3.4), SECTION 2 (3.6) (AND OTHERS) PROCEDURES TO BE FOLLOWED REGARDING IDENTITY OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD ESTABLISHES THE SITE MANAGER'S COMPENSATION PRIOR TO THE ANNUAL BUDGET PREPARATION IN AUGUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER EMPLOYEES ARE EVALUATED FOR RATE INCREASES IN AUGUST PRIOR TO THE BUDGET SUBMISSION TO RURAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INTEREST SUBSIDY REPORTED AS REVENUE ON FS 126,202 RECOVERY OF BAD DEBT RECLASS -6,997 INTEREST SUBSIDY NETTED WITH INTEREST EXPENSE ON 990 -126,202 RECOVERY OF BAD DEBT RECLASS 6,997
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01595780
IRS990/TotalAssetsEOYAmt01545638
IRS990/TotalAssetsGrp/BOYAmt01595780
IRS990/TotalAssetsGrp/EOYAmt01545638
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0275
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040208
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0346740
IRS990/TotalFunctionalExpensesGrp/TotalAmt0386948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01762699
IRS990/TotalLiabilitiesEOYAmt01740587
IRS990/TotalLiabilitiesGrp/BOYAmt01762699
IRS990/TotalLiabilitiesGrp/EOYAmt01740587
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-166919
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-194949
IRS990/TotalProgramServiceExpensesAmt0346740
IRS990/TotalProgramServiceRevenueAmt0349522
IRS990/TotalReportableCompFromOrgAmt021323
IRS990/TotalRevenueGrp/ExclusionAmt02683
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0355960
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0358918
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01595780
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01545638
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 248
IRS990/USAddress/City0BARTON
IRS990/USAddress/State0VT
IRS990/USAddress/ZIPCode005822
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY MARCOTTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08025253907
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10BARTON CHAMBERS APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BART
ReturnHeader/Filer/EIN0237385650
ReturnHeader/Filer/PhoneNum08025253907
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 248
ReturnHeader/Filer/USAddress/City0BARTON
ReturnHeader/Filer/USAddress/State0VT
ReturnHeader/Filer/USAddress/ZIPCode005822
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10KITTELL BRANAGAN & SARGENT CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10154 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ST ALBANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode005478
ReturnHeader/PreparerPersonGrp/PhoneNum08025249531
ReturnHeader/PreparerPersonGrp/PreparationDt02014-03-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW BACHAND
ReturnHeader/ReturnTs02014-03-06T15:36:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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