Civic Intelligence

Putnam Baptist Homes Inc.

990 • Fiscal year 2018 • EIN 23-7431290

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 30, 2019

207 Sabin StreetPutnam, CT 06260

(860) 564-0838

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.74x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

29th percentile

-3.5%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

7.2%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,378,256

Down $122,702 (-3.5%) from 2017

Net Assets

Down

-$502,485

Down $140,023 (-39%) from 2017

Liabilities

Up

$3,880,741

Up $17,321 (+0.4%) from 2017

Revenue

Up

$818,972

Up $55,273 (+7.2%) from 2017

Expenses

Up

$956,443

Up $94,366 (+11%) from 2017

Net Income

Down

-$137,471

Down $39,093 (-40%) from 2017

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$0-$2.0MAssets 2010: $3,437,000Liabilities 2010: $3,012,188Net Assets 2010: $424,8122010Assets 2013: $4,028,121Liabilities 2013: $3,846,980Net Assets 2013: $181,1412013Assets 2014: $3,881,893Liabilities 2014: $3,852,658Net Assets 2014: $29,2352014Assets 2015: $3,752,970Liabilities 2015: $3,857,284Net Assets 2015: -$104,3142015Assets 2016: $3,590,892Liabilities 2016: $3,855,166Net Assets 2016: -$264,2742016Assets 2017: $3,500,958Liabilities 2017: $3,863,420Net Assets 2017: -$362,4622017Assets 2018: $3,378,256Liabilities 2018: $3,880,741Net Assets 2018: -$502,4852018Assets 2019: $3,324,737Liabilities 2019: $3,879,138Net Assets 2019: -$554,4012019Assets 2020: $3,267,132Liabilities 2020: $3,878,554Net Assets 2020: -$611,4222020Assets 2021: $3,158,333Liabilities 2021: $3,958,769Net Assets 2021: -$800,4362021Assets 2022: $2,990,649Liabilities 2022: $3,975,901Net Assets 2022: -$985,2522022Assets 2023: $2,894,611Liabilities 2023: $3,951,296Net Assets 2023: -$1,056,6852023Assets 2024: $2,816,563Liabilities 2024: $4,001,607Net Assets 2024: -$1,185,0442024

Highlighted filing

2018

Assets$3,378,256
Liabilities$3,880,741
Net Assets-$502,485

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $712,0372010Revenue 2013: $721,668Expenses 2013: $835,614Net Income 2013: -$113,9462013Revenue 2014: $745,711Expenses 2014: $897,412Net Income 2014: -$151,7012014Revenue 2015: $776,502Expenses 2015: $909,836Net Income 2015: -$133,3342015Revenue 2016: $741,002Expenses 2016: $901,203Net Income 2016: -$160,2012016Revenue 2017: $763,699Expenses 2017: $862,077Net Income 2017: -$98,3782017Revenue 2018: $818,972Expenses 2018: $956,443Net Income 2018: -$137,4712018Revenue 2019: $822,273Expenses 2019: $876,496Net Income 2019: -$54,2232019Revenue 2020: $861,105Expenses 2020: $918,745Net Income 2020: -$57,6402020Revenue 2021: $852,167Expenses 2021: $1,040,577Net Income 2021: -$188,4102021Revenue 2022: $828,100Expenses 2022: $984,380Net Income 2022: -$156,2802022Revenue 2023: $968,058Expenses 2023: $1,041,035Net Income 2023: -$72,9772023Revenue 2024: $931,921Expenses 2024: $1,060,012Net Income 2024: -$128,0912024

Highlighted filing

2018

Revenue$818,972
Expenses$956,443
Net Income-$137,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 30, 2019
Return Version
2018v3.1
Gross Receipts
$818,972
Mission and Program Overview

Mission

To provide housing to elderly and other eligible low-income tenants under usda rural development guidelines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,614,192$2,467,632▼ $146,560
Savings and Temporary Cash Investments$511,194$565,008▲ $53,814
Cash and Non-Interest-Bearing Accounts$206,535$177,191▼ $29,344
Accounts Receivable$16,711$16,867▲ $156
Prepaid Expenses and Deferred Charges$6,816$6,958▲ $142
Total Assets$3,500,958$3,378,256▼ $122,702
Other Assets Total$145,510$144,600▼ $910
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,598,194$3,580,875▼ $17,319
Other Liabilities$252,516$273,534▲ $21,018
Accounts Payable and Accrued Expenses$12,710$26,332▲ $13,622
Total Liabilities$3,863,420$3,880,741▲ $17,321
Net Assets / Fund Balance
Unrestricted Net Assets$-362,462$-502,485▼ $140,023
Total Net Assets Fund Balance$-362,462$-502,485▼ $140,023
Total Liabilities and Net Assets / Fund Balance$3,500,958$3,378,256▼ $122,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,480,866$2,396,879$3,877,745
Leasehold Improvements$948,866$848,498$1,797,364
Other Land Buildings$0$153,342$153,342
Land$37,900-$37,900

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$155,221---$155,221
2017$153,650-▲ $1,718-$155,221
2016$152,621-▲ $1,039-$153,650
2015$151,669-▲ $1,036-$152,621
2014$200,603-▲ $1,066-$151,669
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven FarnerPresident
Daniel RemianVice President
James BrezniakDirector
Julie Ann DupontDirector
Kevin ShawDirector
Linda LamoureuxDirector
Martha MarchutDirector
Rev Gil BourquinDirector
Garry BrownSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$814,424
Investment Income
$4,548
Other Revenue
$0
Change in Net Assets
$-137,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$818,972
Revenue Not Reported on Form 990
$-2,552
Total Revenue per Audited Statements
$816,420
Total Revenue per Form 990
$818,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$866,176
Salaries, Compensation, and Employee Benefits$90,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$170,149$0$0$170,149
Other Salaries and Wages$90,267$0$0$90,267
Fees for Services Management$69,498$0$0$69,498
Interest$67,912$0$0$67,912
Insurance$44,502$0$0$44,502
All Other Expenses$28,758$898$0$29,656
Other Expenses$27,808$0$0$27,808
Fees for Services Accounting$0$13,600$0$13,600
Advertising$0$78$0$78
Total Functional Expenses$941,867$14,576$0$956,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$956,443
Total Expenses per Audited Statements$956,443
Total Expenses per Form 990$956,443
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
Deferred Interest$159,542
Security Deposits$54,643
Interfund Payable$52,163
Accrued Interest$7,186
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
Filing and Contact Details

Filer

Filer Name
Putnam Baptist Homes Inc
EIN
23-7431290
Phone
8605640838
Address
207 SABIN STREET, PUTNAM, CT 06260

Signing Officer

Name
Steven Farner
Title
President
Phone
8605640838
Signed
2019-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Farner
Formed
1979
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Ral CPA LLC
Address
238 West Town St, NORWICH, CT 06360
Preparer
Robert A LaSaracina
Phone
8608865186
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

990 approved by treasurer, and is available to all directors upon request.

Pt VI, Line 19

Available on guidestar.org and to review by anyone upon request

Pt VI, Line 7A

The organization is governed by a board of directors, which elects new directors as needed.

Financial Statement Notes

Pt V, Line 4

Endowment funds are available for the organization to pursue new projects related to its non profit mission.

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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02049
IRS990/PYOtherExpensesAmt0777979
IRS990/PYProgramServiceRevenueAmt0761650
IRS990/PYRevenuesLessExpensesAmt0-98378
IRS990/PYSalariesCompEmpBnftPaidAmt084098
IRS990/PYTotalExpensesAmt0862077
IRS990/PYTotalRevenueAmt0763699
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-137471
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0814424
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0511194
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0565008
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0761650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0739695
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0774682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0739992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03016019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02049
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01307
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01955
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07131
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99760
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt03016019
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0761650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0739695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0774682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0739992
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03016019
IRS990ScheduleA/TotalSupportAmt03023150
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01480866
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02396879
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03877745
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0155221
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0155221
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0147
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0153650
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0155221
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01718
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt010
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0152621
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0153650
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01039
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt084
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0151669
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0152621
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01036
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0200603
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0151669
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01066
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0956443
IRS990ScheduleD/LandGrp/BookValueAmt037900
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037900
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0948866
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0848498
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01797364
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2552
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0153342
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0153342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1159542
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt252163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt354643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTERFUND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt0-2552
IRS990ScheduleD/RevenueSubtotalAmt0818972
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE AVAILABLE FOR THE ORGANIZATION TO PURSUE NEW PROJECTS RELATED TO ITS NON PROFIT MISSION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02467632
IRS990ScheduleD/TotalExpensesPerForm990Amt0956443
IRS990ScheduleD/TotalLiabilityAmt0273534
IRS990ScheduleD/TotalRevenuePerForm990Amt0818972
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0816420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0956443
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 APPROVED BY TREASURER, AND IS AVAILABLE TO ALL DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE ON GUIDESTAR.ORG AND TO REVIEW BY ANYONE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS GOVERNED BY A BOARD OF DIRECTORS, WHICH ELECTS NEW DIRECTORS AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PBH HOUSING OF PLAINFIELD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061559506
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUBSIDIZED ELDERLY HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0207 SABIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PUTNAM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006260
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false

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