Civic Intelligence

Cpnj Plainfield Residence Inc.

990 • Fiscal year 2019 • EIN 26-2465886

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 24, 2020

220 South Orange AvenueLivingston, NJ 07039

(973) 763-9900

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

2019 filings • NTEE L • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.41x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • NTEE L • $500k-$1M nonprofits • Source year 2019

Net Margin

9th percentile

-66%

Higher net margin than 9% of similar nonprofits.

2019 filings • NTEE L • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$264,690

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 705.9% of source-year revenue.

2019 filings • NTEE L • $500k-$1M nonprofits • Source year 2019

Asset Growth

34th percentile

-3.1%

Faster asset growth than 34% of similar nonprofits.

2019 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-0.0%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$777,586

Down $25,130 (-3.1%) from 2018

Net Assets

Down

$762,124

Down $24,586 (-3.1%) from 2018

Liabilities

Down

$15,462

Down $544 (-3.4%) from 2018

Revenue

Down

$37,495

Down $1 (-0.0%) from 2018

Expenses

Up

$62,081

Up $987 (+1.6%) from 2018

Net Income

Down

-$24,586

Down $988 (-4.2%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $1,239,259Liabilities 2013: $312,510Net Assets 2013: $926,7492013Assets 2014: $965,977Liabilities 2014: $63,893Net Assets 2014: $902,0842014Assets 2015: $911,227Liabilities 2015: $1,296Net Assets 2015: $909,9312015Assets 2016: $920,341Liabilities 2016: $12,520Net Assets 2016: $907,8212016Assets 2017: $819,429Liabilities 2017: $9,121Net Assets 2017: $810,3082017Assets 2018: $802,716Liabilities 2018: $16,006Net Assets 2018: $786,7102018Assets 2019: $777,586Liabilities 2019: $15,462Net Assets 2019: $762,1242019Assets 2020: $760,676Liabilities 2020: $11,640Net Assets 2020: $749,0362020Assets 2021: $754,188Liabilities 2021: $24,165Net Assets 2021: $730,0232021Assets 2022: $728,480Liabilities 2022: $30,258Net Assets 2022: $698,2222022Assets 2023: $716,870Liabilities 2023: $44,364Net Assets 2023: $672,5062023Assets 2024: $769,632Liabilities 2024: $33,906Net Assets 2024: $735,7262024

Highlighted filing

2019

Assets$777,586
Liabilities$15,462
Net Assets$762,124

Operations Trend

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

$200K$100K$0-$100KExpenses 2013: $16,8932013Revenue 2014: $34,186Expenses 2014: $58,851Net Income 2014: -$24,6652014Revenue 2015: $63,303Expenses 2015: $55,456Net Income 2015: $7,8472015Revenue 2016: $59,562Expenses 2016: $61,672Net Income 2016: -$2,1102016Revenue 2017: $37,592Expenses 2017: $135,106Net Income 2017: -$97,5142017Revenue 2018: $37,496Expenses 2018: $61,094Net Income 2018: -$23,5982018Revenue 2019: $37,495Expenses 2019: $62,081Net Income 2019: -$24,5862019Revenue 2020: $42,721Expenses 2020: $55,809Net Income 2020: -$13,0882020Revenue 2021: $37,502Expenses 2021: $56,515Net Income 2021: -$19,0132021Revenue 2022: $29,713Expenses 2022: $61,235Net Income 2022: -$31,5222022Revenue 2023: $40,839Expenses 2023: $66,555Net Income 2023: -$25,7162023Revenue 2024: $137,561Expenses 2024: $74,341Net Income 2024: $63,2202024

Highlighted filing

2019

Revenue$37,495
Expenses$62,081
Net Income-$24,586
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 24, 2020
Return Version
2018v3.2
Gross Receipts
$37,495
Mission and Program Overview

Mission

To construct, operate, administer and manage housing for disabled persons enabling them to live independent, healthy and secure lives.

To construct, operate, administer, and manage housing for disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$772,475$751,092▼ $21,383
Savings and Temporary Cash Investments$14,694$20,102▲ $5,408
Cash and Non-Interest-Bearing Accounts$15,547$6,392▼ $9,155
Total Assets$802,716$777,586▼ $25,130
Liabilities
Other Liabilities$11,880$10,330▼ $1,550
Accounts Payable and Accrued Expenses$3,449$4,455▲ $1,006
Escrow Account Liability$677$677→ $0
Total Liabilities$16,006$15,462▼ $544
Net Assets / Fund Balance
Unrestricted Net Assets$259,248$762,124▲ $502,876
Temporarily Rstr Net Assets$527,462$0▼ $527,462
Total Net Assets Fund Balance$786,710$762,124▼ $24,586
Total Liabilities and Net Assets / Fund Balance$802,716$777,586▼ $25,130

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$651,610$123,743$775,353
Land$97,650-$97,650
Equipment$1,832$8,163$9,995
Compensation and Service Providers

Board Members and Trustees

NameTitle
David CarlsonChairperson
Clark MachemerChairperson Elect
Purna Rodman ConarePresident & CEO
Kelly MarxVice Chair of Development
Beth RoseVice Chair of Governance
Darren BurnsVice Chair of Program Planning
Barry OstrowskyTrustee
Bob MurrayTrustee
Brad JaconsonTrustee
Brian KronickTrustee
Chris HalkyardTrustee
Christine KotarbaTrustee
Edward BeckerTrustee
H O'NEIL WILLIAMSTrustee
Justin WalderTrustee
Matt GittlemanTrustee
Shari CaspertTrustee
Wendy MarcusTrustee
Rick BornsteinCFO
Helene JaffeSecretary
Brian KlozaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$37,488
Investment Income
$7
Other Revenue
$0
Change in Net Assets
$-24,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,360
Salaries, Compensation, and Employee Benefits$4,721
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$21,384--$21,384
Occupancy$6,846--$6,846
Fees for Services Accounting-$6,604-$6,604
Other Salaries and Wages$3,750--$3,750
Fees for Services Management$2,618--$2,618
Insurance$2,524--$2,524
Other Expenses$2,000$1,896-$1,896
Office Expenses-$677-$677
Other Employee Benefits$500--$500
Payroll Taxes$471--$471
All Other Expenses$10$204-$214
Total Functional Expenses$52,700$9,381$0$62,081
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 Affiliate$10,320
Excess Project Funds - Residual Receipts Available for Recapture$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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
No

Governance Explanations

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

The board and finance committe reviews and approves the form 990 before filing.

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

The board of trustees holds quarterly meetings. Any potential compliance issues with the conflict of interest policy are discussed as necessary.

Form 990, Part VI, Section B, Line 15

The board has a personnel commitee that oversees policies and compensation arrangements.

Form 990, Part VI, Section C, Line 19

The board will provide the public the documents upon request.

Filing and Contact Details

Filer

Filer Name
Cpnj Plainfield Residence Inc
EIN
26-2465886
Phone
9737639900
Address
220 SOUTH ORANGE AVENUE, LIVINGSTON, NJ 07039

Signing Officer

Name
Purna Rodman Conare
Title
President
Phone
9737639900
Signed
2020-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Purna Rodman Conare
Formed
2008
Legal Domicile
Nj
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
0

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits are held in escrow by the organization.

PART X, LINE 2:

The project is a nonprofit organization, exempt from federal and state income taxes, under section 501(c)(3) of the internal revenue code and comparable state law. The project follows accounting standards that provide clarification on accounting for uncertainty in income taxes recognized in the project's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecorded tax benefits in income tax expense. No interest and penalties were recorded during the year ended june 30, 2019. At june 30, 2019, there are no significant income tax uncertainties.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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