Civic Intelligence

Mhpi Inc

990 • Fiscal year 2017 • EIN 26-2094084

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 09, 2017

70 Bridge Street No 201Newton, MA 02458

(617) 789-4500

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.11x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

13th percentile

-20%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$375,937

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 119.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-34%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,261,244

Down $281,800 (-18%) from 2016

Net Assets

Down

$912,192

Down $61,140 (-6.3%) from 2016

Liabilities

Down

$349,052

Down $220,660 (-39%) from 2016

Revenue

Down

$315,603

Down $163,301 (-34%) from 2016

Expenses

Down

$379,027

Down $197,233 (-34%) from 2016

Net Income

Up

-$63,424

Up $33,932 (+35%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1,449,994Liabilities 2015: $376,352Net Assets 2015: $1,073,6422015Assets 2016: $1,543,044Liabilities 2016: $569,712Net Assets 2016: $973,3322016Assets 2017: $1,261,244Liabilities 2017: $349,052Net Assets 2017: $912,1922017Assets 2018: $1,244,138Liabilities 2018: $322,619Net Assets 2018: $921,5192018Assets 2019: $1,292,747Liabilities 2019: $539,621Net Assets 2019: $753,1262019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$1,261,244
Liabilities$349,052
Net Assets$912,192

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $996,861Expenses 2015: $762,223Net Income 2015: $234,6382015Revenue 2016: $478,904Expenses 2016: $576,260Net Income 2016: -$97,3562016Revenue 2017: $315,603Expenses 2017: $379,027Net Income 2017: -$63,4242017Revenue 2018: $447,870Expenses 2018: $438,736Net Income 2018: $9,1342018Revenue 2019: $342,023Expenses 2019: $509,507Net Income 2019: -$167,4842019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2017

Revenue$315,603
Expenses$379,027
Net Income-$63,424
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$315,603
Mission and Program Overview

Mission

To provide government (hud) susidized housing for seniors and disabled persons.

Provider of government (hud) subsidized housing for seniors and disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$946,871$792,037▼ $154,834
Cash and Non-Interest-Bearing Accounts$109$165,104▲ $164,995
Prepaid Expenses and Deferred Charges$65,531$72,378▲ $6,847
Other Notes and Loans Receivable, Net$50,000$50,000→ $0
Investments Other Securities$21,210$24,667▲ $3,457
Land, Buildings, and Equipment, Net$5,134$2,869▼ $2,265
Total Assets$1,543,044$1,261,244▼ $281,800
Other Assets Total$454,189$154,189▼ $300,000
Liabilities
Unsecured Notes Loans Payable$200,000$177,537▼ $22,463
Accounts Payable and Accrued Expenses$369,712$171,515▼ $198,197
Total Liabilities$569,712$349,052▼ $220,660
Net Assets / Fund Balance
Unrestricted Net Assets$973,332$912,192▼ $61,140
Total Net Assets Fund Balance$973,332$912,192▼ $61,140
Total Liabilities and Net Assets / Fund Balance$1,543,044$1,261,244▼ $281,800

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,869$11,156$14,025
Other Assets Org$154,189--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeanne M MchallamChair/director
Sheldon BycoffPresident
Robert S ManasseDirector
Joyce GairTreasurer/director
Newton H LeveeClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$4,755
Program Service Revenue
$309,650
Investment Income
$1,198
Other Revenue
$0
All Other Contributions
$4,755
Change in Net Assets
$-63,424

Audited Revenue Reconciliation

Revenue per Audited Statements
$315,603
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$315,603
Total Revenue per Form 990
$315,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$290,004
Other Expenses$89,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,222--$222,222
Office Expenses$43,760--$43,760
Pension Plan Contributions$35,934--$35,934
Other Employee Benefits$24,540--$24,540
Payroll Taxes$7,308--$7,308
Interest$4,526--$4,526
Other Expenses$3,050--$3,050
Fees for Services Accounting$3,000--$3,000
Depreciation Depletion$2,265--$2,265
Conferences and Meetings$808--$808
Travel$377--$377
All Other Expenses$-11,824--$-11,824
Total Functional Expenses$379,027$0$0$379,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$379,027
Total Expenses per Audited Statements$379,027
Total Expenses per Form 990$379,027
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
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
No
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, Part VI, Section B, Line 11B

The organization makes available a copy of form 990 to its directors prior to filing the return.

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

Board of directors and management continually monitor proposed and ongoing transactions for potential conflicts involving directors, officers and staff.

Form 990, Part VI, Section B, Line 15A

Board of directors determines, reviews, obtains comparisons and documents the process in minutes contemporaneously.

Form 990, Part VI, Section C, Line 19

The orgnization makes all required information available upon request and via the massachusetts attorney general's website for mass. Form pc.

Filing and Contact Details

Filer

Filer Name
Mhpi Inc
EIN
26-2094084
Phone
6177894500
Address
70 BRIDGE STREET NO 201, NEWTON, MA 02458

Signing Officer

Name
Sheldon Bycoff
Title
President
Phone
6177894500
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheldon Bycoff
Formed
2008
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
150
Volunteers
0

Preparer

Firm
Whittemore & Salvucci Pc
Address
80 WASHINGTON STREET UNIT F-29, NORWELL, MA 02061
Preparer
Joseph R Salvucci CPA
Phone
7819820090
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The company adopted the new standards for accounting for uncertainty in income taxes, which required the company to report any uncertain tax positions and to adjust its financial statements for the impact thereof. As of june 30, 2016, the company determined that it had no tax positions that did not meet the "more likely than not" threshold of being sustained by the applicable tax authority. The company files tax returns in the united states federal and state jurisdictions. These returns are generally subject to examination for the last three years.

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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0379027
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0154189
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02869
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011156
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014025
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0315603
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY ADOPTED THE NEW STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRED THE COMPANY TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF JUNE 30, 2016, THE COMPANY DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE COMPANY FILES TAX RETURNS IN THE UNITED STATES FEDERAL AND STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THE LAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02869
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0154189
IRS990ScheduleD/TotalExpensesPerForm990Amt0379027
IRS990ScheduleD/TotalRevenuePerForm990Amt0315603
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0315603
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0379027
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0314231
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt061706
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHELDON BYCOFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0375937
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES AVAILABLE A COPY OF FORM 990 TO ITS DIRECTORS PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS AND MANAGEMENT CONTINUALLY MONITOR PROPOSED AND ONGOING TRANSACTIONS FOR POTENTIAL CONFLICTS INVOLVING DIRECTORS, OFFICERS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS DETERMINES, REVIEWS, OBTAINS COMPARISONS AND DOCUMENTS THE PROCESS IN MINUTES CONTEMPORANEOUSLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGNIZATION MAKES ALL REQUIRED INFORMATION AVAILABLE UPON REQUEST AND VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE FOR MASS. FORM PC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MENTAL HEALTH PROGRAMS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MENTAL HEALTH PROGRAMS INC X
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2MENTAL HEALTH PROGRAMS INC V
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MENTAL HEALTH PROGRAMS INC VI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4MENTAL HEALTH PROGRAMS INC VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5MENTAL HEALTH PROGRAMS INC VIII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6MENTAL HEALTH PROGRAMS INC IX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7MENTAL HEALTH PROGRAMS INC XII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8MENTAL HEALTH PROGRAMS INC XI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9MENTAL HEALTH PROGRAMS INC IV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10RESIDENTIAL SUPPORT SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042576075
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1311581987
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2223064125
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt6501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt7501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt8501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt9501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt10501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd7MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd8MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd9MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd10MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE GOVERNMENT (HUD) SUBSIDIZED HOUSING FOR DISABLED PERSONS.

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