Civic Intelligence

Chestnut Commons Inc.

990 • Fiscal year 2018 • EIN 25-1789744

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 12, 2018

341 Science Park Road No 6State College, PA 16803

(814) 238-3245

Siviq Scores

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

Liabilities / Assets

96th percentile

1.33x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

12.00x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

51st percentile

3.7%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

50th percentile

1.4%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

1.5%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$237,448

Up $3,329 (+1.4%) from 2017

Net Assets

Down

-$78,767

Down $8,538 (-12%) from 2017

Liabilities

Up

$316,215

Up $11,867 (+3.9%) from 2017

Revenue

Up

$26,352

Up $393 (+1.5%) from 2017

Expenses

Up

$25,378

Up $3,565 (+16%) from 2017

Net Income

Down

$974

Down $3,172 (-77%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2016: $230,878Liabilities 2016: $289,676Net Assets 2016: -$58,7982016Assets 2017: $234,119Liabilities 2017: $304,348Net Assets 2017: -$70,2292017Assets 2018: $237,448Liabilities 2018: $316,215Net Assets 2018: -$78,7672018Assets 2019: $214,669Liabilities 2019: $294,938Net Assets 2019: -$80,2692019Assets 2020: $216,243Liabilities 2020: $288,874Net Assets 2020: -$72,6312020Assets 2021: $219,152Liabilities 2021: $306,203Net Assets 2021: -$87,0512021Assets 2022: $200,143Liabilities 2022: $305,038Net Assets 2022: -$104,8952022Assets 2025: $167,295Liabilities 2025: $296,002Net Assets 2025: -$128,7072025

Highlighted filing

2018

Assets$237,448
Liabilities$316,215
Net Assets-$78,767

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2016: $26,686Expenses 2016: $22,852Net Income 2016: $3,8342016Revenue 2017: $25,959Expenses 2017: $21,813Net Income 2017: $4,1462017Revenue 2018: $26,352Expenses 2018: $25,378Net Income 2018: $9742018Revenue 2019: $26,854Expenses 2019: $23,845Net Income 2019: $3,0092019Revenue 2020: $26,792Expenses 2020: $19,154Net Income 2020: $7,6382020Revenue 2021: $26,691Expenses 2021: $41,111Net Income 2021: -$14,4202021Revenue 2022: $16,709Expenses 2022: $34,553Net Income 2022: -$17,8442022Revenue 2025: $24,303Expenses 2025: $35,125Net Income 2025: -$10,8222025

Highlighted filing

2018

Revenue$26,352
Expenses$25,378
Net Income$974
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 12, 2018
Return Version
2017v2.3
Gross Receipts
$26,352
Mission and Program Overview

Mission

To provide low income housing to eligible individuals.

To provide low income housing to qualified individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$173,968$166,590▼ $7,378
Savings and Temporary Cash Investments$60,151$70,009▲ $9,858
Accounts Receivable-$849-
Total Assets$234,119$237,448▲ $3,329
Liabilities
Mortgage Notes Payable Secured by Investment Property$286,800$286,800→ $0
Other Liabilities$17,421$29,028▲ $11,607
Accounts Payable and Accrued Expenses$127$387▲ $260
Total Liabilities$304,348$316,215▲ $11,867
Net Assets / Fund Balance
Unrestricted Net Assets$-70,229$-78,767▼ $8,538
Total Net Assets Fund Balance$-70,229$-78,767▼ $8,538
Total Liabilities and Net Assets / Fund Balance$234,119$237,448▲ $3,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$146,590$139,733-
Land$20,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Billie WillitsChairperson
Ann StaceyPast Chairperson
Glenn FisherDirector
Ron SpringerCommunity Member
Donna GoritySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$11,379
Program Service Revenue
$14,893
Investment Income
$80
Other Revenue
$0
Change in Net Assets
$974

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,352
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$26,352
Total Revenue per Form 990
$26,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$7,460--$7,460
Depreciation Depletion$7,378--$7,378
Fees for Services Accounting-$4,275-$4,275
Fees for Services Other-$2,028-$2,028
Fees for Services Management-$1,001-$1,001
Office Expenses-$831-$831
Other Expenses$94$133-$94
Insurance$30--$30
Total Functional Expenses$17,110$8,268$0$25,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,378
Total Expenses per Audited Statements$25,378
Total Expenses per Form 990$25,378
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Hud$25,089
Due to Related Party$2,710
Tenant Security Deposits$1,229
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The management activities are performed by skills of central pennsylvania, inc., an affiliated organization, to assist in the mangaement and supervision of the operations.

Form 990, Part VI, Section A, Line 8B

The organization does not have other committees that act on behalf of the governing board.

Form 990, Part VI, Section B, Line 11B

The chief executive officer of skills of central pennsylbania, inc. (who performs the property's administrative services) shall sign and certify that the irs form 990 is accurate and complete.

Form 990, Part VI, Section B, Line 12C

Annual disclosure statements are submitted by each individual board member.

Form 990, Part VI, Section B, Line 15

The organization has no employees and is managed by skills of central pa, inc., a related organization.

Form 990, Part VI, Section C, Line 18

Copies of the organization's form 990 shall be made available, upon request, in a timely manner, to any individuals who request it.

Form 990, Part VI, Section C, Line 19

Requests for the organization's financial statements must be submitted in writing to the board of directors. The request must indicate the reason for the request and a written statement indicating the persons that will be permitted to examine the financial statements. The board of directors will make the final determination on if the financial statements will be provided to the requesting party.

Filing and Contact Details

Filer

Filer Name
Chestnut Commons Inc
EIN
25-1789744
Phone
8142383245
Address
341 SCIENCE PARK ROAD NO 6, STATE COLLEGE, PA 16803

Signing Officer

Name
Becky Augnst
Title
President and CEO
Phone
8142383245
Signed
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Augnst
Formed
1998
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Young Oakes Brown & Company Pc
Address
1210 THIRTEENTH STREET, ALTOONA, PA 16601
Preparer
Daniel Bradley CPA
Phone
8149446191
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Residual receipts release -9,512.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The coporation's federal return of organization exempt from income tax returns for the years ended june 30, 2015, 2016, 2017, and 2018 remain subject to examination by the regulatory agencies.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COPORATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2015, 2016, 2017, AND 2018 REMAIN SUBJECT TO EXAMINATION BY THE REGULATORY AGENCIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0166590
IRS990ScheduleD/TotalExpensesPerForm990Amt025378
IRS990ScheduleD/TotalLiabilityAmt029028
IRS990ScheduleD/TotalRevenuePerForm990Amt026352
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026352
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025378
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT ACTIVITIES ARE PERFORMED BY SKILLS OF CENTRAL PENNSYLVANIA, INC., AN AFFILIATED ORGANIZATION, TO ASSIST IN THE MANGAEMENT AND SUPERVISION OF THE OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE OTHER COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHIEF EXECUTIVE OFFICER OF SKILLS OF CENTRAL PENNSYLBANIA, INC. (WHO PERFORMS THE PROPERTY'S ADMINISTRATIVE SERVICES) SHALL SIGN AND CERTIFY THAT THE IRS FORM 990 IS ACCURATE AND COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL DISCLOSURE STATEMENTS ARE SUBMITTED BY EACH INDIVIDUAL BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NO EMPLOYEES AND IS MANAGED BY SKILLS OF CENTRAL PA, INC., A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COPIES OF THE ORGANIZATION'S FORM 990 SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, TO ANY INDIVIDUALS WHO REQUEST IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REQUESTS FOR THE ORGANIZATION'S FINANCIAL STATEMENTS MUST BE SUBMITTED IN WRITING TO THE BOARD OF DIRECTORS. THE REQUEST MUST INDICATE THE REASON FOR THE REQUEST AND A WRITTEN STATEMENT INDICATING THE PERSONS THAT WILL BE PERMITTED TO EXAMINE THE FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS WILL MAKE THE FINAL DETERMINATION ON IF THE FINANCIAL STATEMENTS WILL BE PROVIDED TO THE REQUESTING PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RESIDUAL RECEIPTS RELEASE -9,512.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SKILLS OF CENTRAL PA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0240855593
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BEHAVIORIAL HEALTH/INTELLECTUAL DISABILITY SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0341 SCIENCE PARK ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0STATE COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd016803
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0234119
IRS990/TotalAssetsEOYAmt0237448
IRS990/TotalAssetsGrp/BOYAmt0234119
IRS990/TotalAssetsGrp/EOYAmt0237448
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011379
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08268
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt017110
IRS990/TotalFunctionalExpensesGrp/TotalAmt025378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0304348
IRS990/TotalLiabilitiesEOYAmt0316215
IRS990/TotalLiabilitiesGrp/BOYAmt0304348
IRS990/TotalLiabilitiesGrp/EOYAmt0316215
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-70229
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-78767
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt017110
IRS990/TotalProgramServiceRevenueAmt014893
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026352
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0234119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0237448
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-70229
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-78767
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0341 SCIENCE PARK ROAD NO 6
IRS990/USAddress/CityNm0STATE COLLEGE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016803
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKY AUGNST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08142383245
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHESTNUT COMMONS INC
ReturnHeader/Filer/BusinessNameControlTxt0CHES
ReturnHeader/Filer/EIN0251789744
ReturnHeader/Filer/PhoneNum08142383245
ReturnHeader/Filer/USAddress/AddressLine1Txt0341 SCIENCE PARK ROAD NO 6

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