Civic Intelligence

Barton Chambers Apartments Inc.

990 • Fiscal year 2019 • EIN 23-7385650

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 13, 2020

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

94th percentile

1.15x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

3.96x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

22nd percentile

-9.1%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-5.5%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-2.1%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,359,512

Down $78,525 (-5.5%) from 2018

Net Assets

Down

-$210,504

Down $36,026 (-21%) from 2018

Liabilities

Down

$1,570,016

Down $42,499 (-2.6%) from 2018

Revenue

Down

$395,992

Down $8,386 (-2.1%) from 2018

Expenses

Up

$432,018

Up $39,834 (+10%) from 2018

Net Income

Down

-$36,026

Down $48,220 (-395%) from 2018

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

2019

Assets$1,359,512
Liabilities$1,570,016
Net Assets-$210,504

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

2019

Revenue$395,992
Expenses$432,018
Net Income-$36,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 13, 2020
Return Version
2019v5.0
Gross Receipts
$395,992
Mission and Program Overview

Mission

To provide low cost elderly housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,225,598$1,223,906▼ $1,692
Savings and Temporary Cash Investments$197,633$119,803▼ $77,830
Inventories for Sale or Use$8,924$8,763▼ $161
Prepaid Expenses and Deferred Charges$5,882$6,733▲ $851
Accounts Receivable-$307-
Rtn Earn Endowment Incm Other Fnds$-174,478$-210,504▼ $36,026
Total Assets$1,438,037$1,359,512▼ $78,525
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,577,984$1,541,346▼ $36,638
Other Liabilities$17,920$18,208▲ $288
Accounts Payable and Accrued Expenses$16,611$10,462▼ $6,149
Total Liabilities$1,612,515$1,570,016▼ $42,499
Net Assets / Fund Balance
Total Net Assets Fund Balance$-174,478$-210,504▼ $36,026
Total Liabilities and Net Assets / Fund Balance$1,438,037$1,359,512▼ $78,525

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$902,154$1,906,314$2,808,468
Equipment$78,155$186,117$264,272
Land$243,597-$243,597
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susan PenharlowPresident
Lori WellsDirector
Rupert ChamberlinDirector
Pam PoginySecretary
Muriel ChamberlinTreasurer
Peter TarboxVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$388,489
Investment Income
$211
Other Revenue
$7,292
Change in Net Assets
$-36,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$395,992
Revenue Not Reported on Form 990
$109,424
Total Revenue per Audited Statements
$505,416
Total Revenue per Form 990
$395,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,716
Salaries, Compensation, and Employee Benefits$72,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$207,185--$207,185
Depreciation Depletion$99,684--$99,684
Other Salaries and Wages$44,263--$44,263
Current Officers, Directors, Trustees, and Key Employees-$22,559-$22,559
Interest$21,061--$21,061
Insurance$16,376--$16,376
Fees for Services Accounting-$7,000-$7,000
Payroll Taxes$4,110$1,370-$5,480
Other Expenses$1,471--$1,471
Office Expenses$855--$855
Advertising$169--$169
Total Functional Expenses$401,089$30,929$0$432,018

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$541,442
Expenses per Audited Statements$432,018
Total Expenses per Form 990$432,018
Expenses Not Reported on Form 990$109,424
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$18,208
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
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
Melissa Smith
Title
Manager
Phone
8025253907
Signed
2020-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Penharlow
Formed
1974
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
8

Preparer

Firm
Kittell Branagan & Sargent
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 109,424 interest subsidy netted with interest expense on 990 -109,424

Financial Statement Notes

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

Interest subsidy reported as revenue on fs 109,424

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

Interest subsidy netted with interest expense on 990 109,424

Raw XML Appendix383 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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IRS990ScheduleA/PublicSupportCY170Pct00.95650
IRS990ScheduleA/PublicSupportPY170Pct00.95530
IRS990ScheduleA/PublicSupportTotal170Amt01009193
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0194140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0202421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0200817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0212370
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0199445
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01009193
IRS990ScheduleA/TotalSupportAmt01055063
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0902154
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01906314
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02808468
IRS990ScheduleD/EquipmentGrp/BookValueAmt078155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0186117
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0264272
IRS990ScheduleD/ExpensesNotReportedAmt0109424
IRS990ScheduleD/ExpensesSubtotalAmt0432018
IRS990ScheduleD/LandGrp/BookValueAmt0243597
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0243597
IRS990ScheduleD/OtherExpensesIncludedAmt0109424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0109424
IRS990ScheduleD/RevenueNotReportedAmt0109424
IRS990ScheduleD/RevenueSubtotalAmt0395992
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTEREST SUBSIDY REPORTED AS REVENUE ON FS 109,424
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST SUBSIDY NETTED WITH INTEREST EXPENSE ON 990 109,424
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0432018
IRS990ScheduleD/TotalLiabilityAmt018208
IRS990ScheduleD/TotalRevenuePerForm990Amt0395992
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0505416
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0541442
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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 109,424 INTEREST SUBSIDY NETTED WITH INTEREST EXPENSE ON 990 -109,424
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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01438037
IRS990/TotalAssetsEOYAmt01359512
IRS990/TotalAssetsGrp/BOYAmt01438037
IRS990/TotalAssetsGrp/EOYAmt01359512
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030929
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0401089
IRS990/TotalFunctionalExpensesGrp/TotalAmt0432018
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01612515
IRS990/TotalLiabilitiesEOYAmt01570016
IRS990/TotalLiabilitiesGrp/BOYAmt01612515
IRS990/TotalLiabilitiesGrp/EOYAmt01570016
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-174478
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-210504
IRS990/TotalProgramServiceExpensesAmt0401089
IRS990/TotalProgramServiceRevenueAmt0388489
IRS990/TotalRevenueGrp/ExclusionAmt0211
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0395781
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0395992
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01438037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01359512
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08025253907
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BARTON CHAMBERS APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BART
ReturnHeader/Filer/EIN0237385650
ReturnHeader/Filer/PhoneNum08025253907
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 248
ReturnHeader/Filer/USAddress/CityNm0BARTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005822
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId049E4DB348BA0B3603CECB5FDE598F1224FBEFAE8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId088DC9FF83F779F5E72E9F87B9A6504F3A0CC0C4E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.169.148.142
ReturnHeader/FilingSecurityInformation/IPDt02020-04-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:37:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030302296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KITTELL BRANAGAN & SARGENT
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/PreparationDt02020-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW BACHAND CPA
ReturnHeader/ReturnTs02020-04-15T15:37:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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