Civic Intelligence

Barton Chambers Apartments Inc.

990 • Fiscal year 2016 • EIN 23-7385650

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 15, 2017

PO Box 248Barton, VT 05822

(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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

4.15x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

62nd percentile

6.4%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$22,288

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

37th percentile

-1.6%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

55th percentile

4.7%

Faster revenue growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,478,318

Down $24,771 (-1.6%) from 2015

Net Assets

Up

-$189,276

Up $25,568 (+12%) from 2015

Liabilities

Down

$1,667,594

Down $50,339 (-2.9%) from 2015

Revenue

Up

$401,901

Up $18,045 (+4.7%) from 2015

Expenses

Down

$376,333

Down $11,343 (-2.9%) from 2015

Net Income

Up

$25,568

Up $29,388 (+769%) from 2015

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

2016

Assets$1,478,318
Liabilities$1,667,594
Net Assets-$189,276

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

2016

Revenue$401,901
Expenses$376,333
Net Income$25,568
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 15, 2017
Return Version
2016v3.0
Gross Receipts
$401,901
Mission and Program Overview

Mission

To provide low cost elderly housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,182,963$1,188,434▲ $5,471
Savings and Temporary Cash Investments$308,526$276,285▼ $32,241
Inventories for Sale or Use$5,240$6,965▲ $1,725
Rtn Earn Endowment Incm Other Fnds$-214,844$-189,276▲ $25,568
Total Assets$1,503,089$1,478,318▼ $24,771
Other Assets Total$6,360$6,634▲ $274
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,668,400$1,640,966▼ $27,434
Other Liabilities$17,541$16,480▼ $1,061
Accounts Payable and Accrued Expenses$31,992$10,148▼ $21,844
Total Liabilities$1,717,933$1,667,594▼ $50,339
Net Assets / Fund Balance
Total Net Assets Fund Balance$-214,844$-189,276▲ $25,568
Total Liabilities and Net Assets / Fund Balance$1,503,089$1,478,318▼ $24,771

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$928,512$1,685,142$2,613,654
Land$239,497-$239,497
Equipment$20,425$150,160$170,585
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gary MarcotteManagerPT$22,288$22,288
Sandalynn CoburnManagerPT$1,796$1,796

Board Members and Trustees

NameTitle
John BrownPresident
Muriel ChamberlinDirector
Robert MorseDirector
Rupert ChamberlinDirector
Susan PenharlowSecretary
Grace MasonTreasurer
Joyce MorseVice. Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$392,782
Investment Income
$1,496
Other Revenue
$7,623
Change in Net Assets
$25,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$401,901
Revenue Not Reported on Form 990
$112,765
Total Revenue per Audited Statements
$514,666
Total Revenue per Form 990
$401,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,217
Salaries, Compensation, and Employee Benefits$63,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$176,446--$176,446
Depreciation Depletion$74,316--$74,316
Other Salaries and Wages$21,902$11,793-$33,695
Interest$30,332--$30,332
Current Officers, Directors, Trustees, and Key Employees-$24,084-$24,084
Insurance$15,010--$15,010
Fees for Services Accounting-$7,250-$7,250
Payroll Taxes$4,003$1,334-$5,337
Office Expenses$1,524--$1,524
Other Expenses$889--$889
Advertising$50--$50
Total Functional Expenses$331,872$44,461$0$376,333

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$489,098
Expenses per Audited Statements$376,333
Total Expenses per Form 990$376,333
Expenses Not Reported on Form 990$112,765
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$16,480
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

Filer Name
Barton Chambers Apartments Inc
EIN
23-7385650
Phone
8025253907
Address
PO BOX 248, BARTON, VT 05822

Signing Officer

Name
Sandalynn Coburn
Title
Manager
Phone
8025253907
Signed
2017-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandalynn Coburn
Formed
1974
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
5

Preparer

Firm
KITTELL BRANAGAN & SARGENT CPA'S
Address
154 N MAIN ST, ST ALBANS, VT 05478
Preparer
Andrew Bachand CPA
Phone
8025249531
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Interest subsidy reported as revenue on fs 112,765 interest subsidy netted with interest expense on 990 -112,765

Financial Statement Notes

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

Interest subsidy reported as revenue on fs 112,765

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

Interest subsidy netted with interest expense on 990 112,765

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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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0189472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0987143
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01680
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01714
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02683
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07167
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06713
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08575
IRS990ScheduleA/OtherIncome170Grp/TotalAmt037796
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IRS990ScheduleA/PublicSupportPY170Pct00.94980
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0189472
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0987143
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01685142
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02613654
IRS990ScheduleD/EquipmentGrp/BookValueAmt020425
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0150160
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST SUBSIDY NETTED WITH INTEREST EXPENSE ON 990 112,765
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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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 112,765 INTEREST SUBSIDY NETTED WITH INTEREST EXPENSE ON 990 -112,765
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044461
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331872
IRS990/TotalFunctionalExpensesGrp/TotalAmt0376333
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IRS990/TotalLiabilitiesGrp/EOYAmt01667594
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-214844
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-189276
IRS990/TotalProgramServiceExpensesAmt0331872
IRS990/TotalProgramServiceRevenueAmt0392782
IRS990/TotalReportableCompFromOrgAmt024084
IRS990/TotalRevenueGrp/ExclusionAmt01496
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0400405
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0401901
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01503089
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01478318
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 248
IRS990/USAddress/CityNm0BARTON
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDALYNN COBURN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08025253907
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BARTON CHAMBERS APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BART
ReturnHeader/Filer/EIN0237385650
ReturnHeader/Filer/PhoneNum08025253907
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 248
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00F188C53D41E0D0827FBDD8235F5B6659CF629A3
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030302296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KITTELL BRANAGAN & SARGENT CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0154 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST ALBANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005478
ReturnHeader/PreparerPersonGrp/PhoneNum08025249531
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW BACHAND CPA
ReturnHeader/ReturnTs02017-03-24T19:06:32+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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