Civic Intelligence

Crossway Tower Inc.

990 • Fiscal year 2013 • EIN 26-1855362

Jan 01, 2013 to Dec 31, 2013 • Filed on May 09, 2014

C/O Berkshire Housing 1 Fenn St01201

(413) 499-1630

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

99th percentile

30.97x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

2nd percentile

-128%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$3,470,391

No earlier filing loaded for comparison.

Net Assets

-$112,134

No earlier filing loaded for comparison.

Liabilities

$3,582,525

No earlier filing loaded for comparison.

Revenue

$115,687

No earlier filing loaded for comparison.

Expenses

$263,913

No earlier filing loaded for comparison.

Net Income

-$148,226

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2013: $3,470,391Liabilities 2013: $3,582,525Net Assets 2013: -$112,1342013Assets 2014: $3,353,274Liabilities 2014: $3,577,211Net Assets 2014: -$223,9372014Assets 2015: $3,241,611Liabilities 2015: $3,576,857Net Assets 2015: -$335,2462015Assets 2016: $3,138,733Liabilities 2016: $3,579,293Net Assets 2016: -$440,5602016Assets 2017: $3,049,268Liabilities 2017: $3,590,190Net Assets 2017: -$540,9222017Assets 2018: $2,929,848Liabilities 2018: $3,577,583Net Assets 2018: -$647,7352018Assets 2019: $2,814,671Liabilities 2019: $3,578,439Net Assets 2019: -$763,7682019Assets 2020: $2,703,927Liabilities 2020: $3,582,168Net Assets 2020: -$878,2412020Assets 2021: $2,591,990Liabilities 2021: $3,582,998Net Assets 2021: -$991,0082021Assets 2022: $2,498,480Liabilities 2022: $3,579,415Net Assets 2022: -$1,080,9352022Assets 2023: $2,361,125Liabilities 2023: $3,595,024Net Assets 2023: -$1,233,8992023Assets 2024: $2,272,278Liabilities 2024: $3,614,370Net Assets 2024: -$1,342,0922024

Highlighted filing

2013

Assets$3,470,391
Liabilities$3,582,525
Net Assets-$112,134

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $115,687Expenses 2013: $263,913Net Income 2013: -$148,2262013Revenue 2014: $153,328Expenses 2014: $265,131Net Income 2014: -$111,8032014Revenue 2015: $159,651Expenses 2015: $270,960Net Income 2015: -$111,3092015Revenue 2016: $164,045Expenses 2016: $269,359Net Income 2016: -$105,3142016Revenue 2017: $165,054Expenses 2017: $265,416Net Income 2017: -$100,3622017Revenue 2018: $162,956Expenses 2018: $269,769Net Income 2018: -$106,8132018Revenue 2019: $163,809Expenses 2019: $279,842Net Income 2019: -$116,0332019Revenue 2020: $159,239Expenses 2020: $273,712Net Income 2020: -$114,4732020Revenue 2021: $165,003Expenses 2021: $277,770Net Income 2021: -$112,7672021Revenue 2022: $194,967Expenses 2022: $284,894Net Income 2022: -$89,9272022Revenue 2023: $148,316Expenses 2023: $301,280Net Income 2023: -$152,9642023Revenue 2024: $210,860Expenses 2024: $319,053Net Income 2024: -$108,1932024

Highlighted filing

2013

Revenue$115,687
Expenses$263,913
Net Income-$148,226
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 9, 2014
Return Version
2013v3.1
Gross Receipts
$115,687
Mission and Program Overview

Mission

To provide low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,566,505$3,428,737▼ $137,768
Investments Other Securities$21,337$32,057▲ $10,720
Savings and Temporary Cash Investments$18,270$2,519▼ $15,751
Prepaid Expenses and Deferred Charges$1,043$1,490▲ $447
Accounts Receivable$2,385$321▼ $2,064
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,614,634$3,470,391▼ $144,243
Other Assets Total$5,094$5,267▲ $173
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,545,370$3,545,370→ $0
Accounts Payable and Accrued Expenses$24,362$26,750▲ $2,388
Other Liabilities$8,492$9,991▲ $1,499
Deferred Revenue$318$414▲ $96
Total Liabilities$3,578,542$3,582,525▲ $3,983
Net Assets / Fund Balance
Unrestricted Net Assets$36,092$-112,134▼ $148,226
Total Net Assets Fund Balance$36,092$-112,134▼ $148,226
Total Liabilities and Net Assets / Fund Balance$3,614,634$3,470,391▼ $144,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,402,055$343,664$3,745,719
Other Land Buildings$26,144$31,955$58,099
Equipment$538$659$1,197
Compensation and Service Providers

Board Members and Trustees

NameTitle
MARY K O'BRIENPresident
Catherine MayBoard Member
Diane SheridanBoard Member
Edward PerlakBoard Member
Patricia CarlinoBoard Member
Sully GarofanoBoard Member
John LutzNon-voting Memb
Nicholas KirchnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$115,661
Investment Income
$26
Other Revenue
$0
Change in Net Assets
$-148,226

Audited Revenue Reconciliation

Revenue per Audited Statements
$115,687
Total Revenue per Audited Statements
$115,687
Total Revenue per Form 990
$115,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,011
Salaries, Compensation, and Employee Benefits$28,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$137,768--$137,768
Occupancy$31,903--$31,903
Other Salaries and Wages$21,766--$21,766
All Other Expenses$13,226--$13,226
Insurance$10,723--$10,723
Fees for Services Accounting$9,950--$9,950
Fees for Services Management$7,800--$7,800
Other Employee Benefits$6,004--$6,004
Other Expenses$3,411--$3,411
Advertising$1,658--$1,658
Payroll Taxes$1,132--$1,132
Fees for Services Legal$382--$382
Office Expenses$193--$193
Total Functional Expenses$263,913$0$0$263,913

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$263,913
Total Expenses per Audited Statements$263,913
Total Expenses per Form 990$263,913
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elder Services of Berkshire CountyCommon BodSocial Service SupportNo$3,027

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants' security deposits payable$5,267
Accrued Property Taxes$4,724
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

A contractual agreement exists where berkshire housing services inc. Is the management agent for the property. All leasing, accounting, and maintenance duties are delegated to the management company.

Form 990, Part VI, Line 11B: Form 990 Review Process

The treasurer will review in detail the form 990 before the form is to be filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
26-1855362
Phone
4134991630

Signing Officer

Name
MARY K O'BRIEN
Title
President
Signed
2014-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Preparer
Barry J Clairmont
Phone
4134993733
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc1PROJECT RENTAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0392
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt257616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0392
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt257616
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt025
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0221179
IRS990/PYProgramServiceRevenueAmt0118607
IRS990/PYRevenuesLessExpensesAmt0-131494
IRS990/PYSalariesCompEmpBnftPaidAmt028947
IRS990/PYTotalExpensesAmt0250126
IRS990/PYTotalRevenueAmt0118632
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-148226
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0115661
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018270
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02519
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt057653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt057899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0265000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0427501
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt090
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0159511
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt0427501
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt057653
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt057899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0265000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0427501
IRS990ScheduleA/TotalSupportAmt0427591
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03402055
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0343664
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03745719
IRS990ScheduleD/EquipmentGrp/BookValueAmt0538
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0659
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01197
IRS990ScheduleD/ExpensesSubtotalAmt0263913
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026144
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031955
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt058099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04724
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Property Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenants' security deposits payable
IRS990ScheduleD/RevenueSubtotalAmt0115687
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03428737
IRS990ScheduleD/TotalExpensesPerForm990Amt0263913
IRS990ScheduleD/TotalLiabilityAmt09991
IRS990ScheduleD/TotalRevenuePerForm990Amt0115687
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0115687
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0263913
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ELDER SERVICES OF BERKSHIRE COUNTY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03027
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SOCIAL SERVICE SUPPORT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A CONTRACTUAL AGREEMENT EXISTS WHERE BERKSHIRE HOUSING SERVICES INC. IS THE MANAGEMENT AGENT FOR THE PROPERTY. ALL LEASING, ACCOUNTING, AND MAINTENANCE DUTIES ARE DELEGATED TO THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER WILL REVIEW IN DETAIL THE FORM 990 BEFORE THE FORM IS TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ELDER SERVICES OF BERKSHIRE COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042542001
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICE BERKSHIRE ELDERS IN ALL MATTERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0EXEMPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1066 WENDELL AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0PITTSFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode001201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03027
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10ELDER SERVICES OF BERKSHIRE COUNTY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0m

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.27$3.61$1.34$0.21$0.32$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$3.60$1.23$0.15$0.30$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$3.58$1.08$0.19$0.28$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$3.58$0.99$0.17$0.28$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$3.58$0.88$0.16$0.27$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.81$3.58$0.76$0.16$0.28$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$3.58$0.65$0.16$0.27$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$3.59$0.54$0.17$0.27$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$3.58$0.44$0.16$0.27$0.11
2015Detailed filing. Detailed filing data is available for this year.$3.24$3.58$0.34$0.16$0.27$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.35$3.58$0.22$0.15$0.27$0.11
2013Detailed filing. Detailed filing data is available for this year.$3.47$3.58$0.11$0.12$0.26$0.15