Civic Intelligence

Honeyman Inc.

990 • Fiscal year 2018 • EIN 26-1596148

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 23, 2019

332 Birnie AvenueSpringfield, MA 01107

(413) 439-2247

Siviq Scores

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

Liabilities / Assets

88th percentile

0.60x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

9.88x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

4th percentile

-79%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$325,742

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 718.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

31st percentile

-3.6%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.2%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$743,553

Down $28,000 (-3.6%) from 2017

Net Assets

Down

$295,464

Down $36,061 (-11%) from 2017

Liabilities

Up

$448,089

Up $8,061 (+1.8%) from 2017

Revenue

Up

$45,360

Up $558 (+1.2%) from 2017

Expenses

Down

$81,421

Down $12,054 (-13%) from 2017

Net Income

Up

-$36,061

Up $12,612 (+26%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $962,728Liabilities 2011: $992,302Net Assets 2011: -$29,5742011Assets 2012: $936,852Liabilities 2012: $987,811Net Assets 2012: -$50,9592012Assets 2013: $916,780Liabilities 2013: $996,168Net Assets 2013: -$79,3882013Assets 2014: $885,194Liabilities 2014: $444,267Net Assets 2014: $440,9272014Assets 2015: $851,745Liabilities 2015: $438,451Net Assets 2015: $413,2942015Assets 2016: $822,430Liabilities 2016: $442,232Net Assets 2016: $380,1982016Assets 2017: $771,553Liabilities 2017: $440,028Net Assets 2017: $331,5252017Assets 2018: $743,553Liabilities 2018: $448,089Net Assets 2018: $295,4642018Assets 2020: $668,072Liabilities 2020: $443,113Net Assets 2020: $224,9592020Assets 2021: $644,720Liabilities 2021: $449,819Net Assets 2021: $194,9012021Assets 2022: $610,620Liabilities 2022: $450,405Net Assets 2022: $160,2152022

Highlighted filing

2018

Assets$743,553
Liabilities$448,089
Net Assets$295,464

Operations Trend

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

$100K$50K$0-$50KExpenses 2011: $63,4032011Expenses 2012: $68,2552012Expenses 2013: $74,3602013Revenue 2014: $46,830Expenses 2014: $76,015Net Income 2014: -$29,1852014Revenue 2015: $46,829Expenses 2015: $74,462Net Income 2015: -$27,6332015Revenue 2016: $46,185Expenses 2016: $79,281Net Income 2016: -$33,0962016Revenue 2017: $44,802Expenses 2017: $93,475Net Income 2017: -$48,6732017Revenue 2018: $45,360Expenses 2018: $81,421Net Income 2018: -$36,0612018Revenue 2020: $46,895Expenses 2020: $81,893Net Income 2020: -$34,9982020Revenue 2021: $46,373Expenses 2021: $76,431Net Income 2021: -$30,0582021Revenue 2022: $46,134Expenses 2022: $80,820Net Income 2022: -$34,6862022

Highlighted filing

2018

Revenue$45,360
Expenses$81,421
Net Income-$36,061
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 23, 2019
Return Version
2017v2.3
Gross Receipts
$45,360
Mission and Program Overview

Mission

Provide housing to individuals with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$725,332$691,624▼ $33,708
Savings and Temporary Cash Investments$34,773$38,314▲ $3,541
Cash and Non-Interest-Bearing Accounts$5,788$8,101▲ $2,313
Accounts Receivable$3,859$3,994▲ $135
Prepaid Expenses and Deferred Charges$387$395▲ $8
Total Assets$771,553$743,553▼ $28,000
Other Assets Total$1,414$1,125▼ $289
Liabilities
Mortgage Notes Payable Secured by Investment Property$431,500$431,500→ $0
Accounts Payable and Accrued Expenses$7,014$11,798▲ $4,784
Other Liabilities$1,514$4,791▲ $3,277
Total Liabilities$440,028$448,089▲ $8,061
Net Assets / Fund Balance
Temporarily Rstr Net Assets$549,500$549,500→ $0
Unrestricted Net Assets$-217,975$-254,036▼ $36,061
Total Net Assets Fund Balance$331,525$295,464▼ $36,061
Total Liabilities and Net Assets / Fund Balance$771,553$743,553▼ $28,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$621,624$281,186$902,810
Land$70,000-$70,000
Equipment$0$4,044$4,044
Compensation and Service Providers

Board Members and Trustees

NameTitle
James GoodwinPresident
Evan PlotkinDirector
Meghan LynchClerk
Josephine SarnelliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$45,323
Investment Income
$37
Other Revenue
$0
Change in Net Assets
$-36,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,220
Salaries, Compensation, and Employee Benefits$5,201
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$33,708--$33,708
Occupancy$27,140--$27,140
Fees for Services Accounting-$7,250-$7,250
Other Salaries and Wages-$4,299-$4,299
Fees for Services Management-$3,717-$3,717
Insurance$3,566--$3,566
Other Employee Benefits-$812-$812
Other Expenses-$728-$728
Office Expenses-$111-$111
Payroll Taxes-$90-$90
Total Functional Expenses$64,414$17,007$0$81,421
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
Accounts Payable-related Party Entity$3,666
Tenant Deposits Held in Trust$1,125
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Association properties group, inc. Provides property management services, which include maintenance, repair, accounting and billing.

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

The president of the center for human development, inc., director of finance of association properties group, management company, and the board of directors receive a copy of the form 990 in advance of filing and review it in detail prior to the president signing the return.

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

Conflict of interest disclosure forms are distributed at the first meeting of the fiscal year and the executive director's secretary monitors their return. All directors completed and returned their forms during fiscal year 2018.

Form 990, Part VI, Section B, Line 15

The chief financial officer performs a review of ceo compensation for regional behavioral health non-profit agencies, using publicly available information, which serves to guide the board of directors in its assessment of ceo salary and benefits. Differences for agency size and program offerings are considered when performing a market analysis.

Form 990, Part VI, Section C, Line 19

Upon request, the organization will provide copies of its governing documents, conflict of interest policy, and financial statements.

Filing and Contact Details

Filer

Filer Name
Honeyman Inc
EIN
26-1596148
Phone
4134392247
Address
332 BIRNIE AVENUE, SPRINGFIELD, MA 01107

Signing Officer

Name
James Goodwin
Title
President and CEO
Phone
4134392242
Signed
2019-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Goodwin
Formed
2007
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Alexander Aronson Finning & Co
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Joyce Ripianzi CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There have been no changes in the process from the prior year.

Financial Statement Notes

PART X, LINE 2:

Honeyman, inc. (the agency) accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The agency has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at june 30, 2018. The agency's information returns are subject to examination by the federal and state jurisdictions.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCOUNTS PAYABLE-RELATED PARTY ENTITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HONEYMAN, INC. (THE AGENCY) ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2018. THE AGENCY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0691624
IRS990ScheduleD/TotalLiabilityAmt04791
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0727
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES GOODWIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0325742
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION PROPERTIES GROUP, INC. PROVIDES PROPERTY MANAGEMENT SERVICES, WHICH INCLUDE MAINTENANCE, REPAIR, ACCOUNTING AND BILLING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF THE CENTER FOR HUMAN DEVELOPMENT, INC., DIRECTOR OF FINANCE OF ASSOCIATION PROPERTIES GROUP, MANAGEMENT COMPANY, AND THE BOARD OF DIRECTORS RECEIVE A COPY OF THE FORM 990 IN ADVANCE OF FILING AND REVIEW IT IN DETAIL PRIOR TO THE PRESIDENT SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED AT THE FIRST MEETING OF THE FISCAL YEAR AND THE EXECUTIVE DIRECTOR'S SECRETARY MONITORS THEIR RETURN. ALL DIRECTORS COMPLETED AND RETURNED THEIR FORMS DURING FISCAL YEAR 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHIEF FINANCIAL OFFICER PERFORMS A REVIEW OF CEO COMPENSATION FOR REGIONAL BEHAVIORAL HEALTH NON-PROFIT AGENCIES, USING PUBLICLY AVAILABLE INFORMATION, WHICH SERVES TO GUIDE THE BOARD OF DIRECTORS IN ITS ASSESSMENT OF CEO SALARY AND BENEFITS. DIFFERENCES FOR AGENCY SIZE AND PROGRAM OFFERINGS ARE CONSIDERED WHEN PERFORMING A MARKET ANALYSIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST, THE ORGANIZATION WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0CENTER FOR HUMAN DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1CENTER FOR HUMAN DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2CENTER FOR HUMAN DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3CENTER FOR HUMAN DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4CENTER FOR HUMAN DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HAWTHORN FOUNDATION II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HAWTHORN FOUNDATION I INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CHAMPLAIN MANAGEMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ALGONQUIN-CASINO MANAGEMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4ALDEN HOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5CENTER FOR HUMAN DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223090216
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATE HOUSING RESIDENCIES FOR PERSONS WITH MENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1OPERATE HOUSING RESIDENCIES FOR PERSONS WITH MENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2OPERATE HOUSING RESIDENCIES FOR PERSONS WITH MENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3OPERATE HOUSING RESIDENCIES FOR PERSONS WITH MENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4OPERATE HOUSING RESIDENCIES FOR PERSONS WITH MENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5OPERATE NUMEROUS PROGRAMS FOR PERSONS WITH MENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt4LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt5LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0332 BIRNIE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1332 BIRNIE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2332 BIRNIE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3332 BIRNIE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt4332 BIRNIE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt5332 BIRNIE AVENUE
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00

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