Civic Intelligence

Arc Finance Ltd

EIN 26-2522724 • 501(c)3 • Hastings On Hudson, NY

Profile

To promote and expand access to financing modern energy, clean water and other basic needs to build the income and assets of poor people around the world.

70 Overlook RoadHastings On Hudson, NY 10706

arcfinance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.15x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

27th percentile

-14%

Higher net margin than 27% of similar nonprofits.

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

Top Officer Pay

98th percentile

$91,676

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 100.0% of source-year revenue.

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

Asset Growth

18th percentile

-59%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

6th percentile

-93%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$150,118

Down $216,518 (-59%) from 2017

Liabilities

Down

$13,856

Down $203,794 (-94%) from 2017

Net Assets

Down

$136,262

Down $12,724 (-8.5%) from 2017

Operations
Liabilities / Revenue85th percentileNet Margin27th percentile

Revenue

Down

$91,636

Down $1,306,604 (-93%) from 2017

Expenses

Down

$104,360

Down $1,419,759 (-93%) from 2017

Net Income

Up

-$12,724

Up $113,155 (+90%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $349,809Liabilities 2012: $70,352Net Assets 2012: $279,4572012Assets 2013: $291,286Liabilities 2013: $20,580Net Assets 2013: $270,7062013Assets 2014: $192,194Liabilities 2014: $26,106Net Assets 2014: $166,0882014Assets 2015: $342,168Liabilities 2015: $100,930Net Assets 2015: $241,2382015Assets 2016: $499,902Liabilities 2016: $225,037Net Assets 2016: $274,8652016Assets 2017: $366,636Liabilities 2017: $217,650Net Assets 2017: $148,9862017Assets 2018: $150,118Liabilities 2018: $13,856Net Assets 2018: $136,2622018

Highlighted filing

2018

Assets$150,118
Liabilities$13,856
Net Assets$136,262
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,174,3302012Revenue 2013: $1,510,238Expenses 2013: $1,518,988Net Income 2013: -$8,7502013Revenue 2014: $1,478,182Expenses 2014: $1,582,800Net Income 2014: -$104,6182014Revenue 2015: $1,866,405Expenses 2015: $1,808,499Net Income 2015: $57,9062015Revenue 2016: $1,533,784Expenses 2016: $1,554,274Net Income 2016: -$20,4902016Revenue 2017: $1,398,240Expenses 2017: $1,524,119Net Income 2017: -$125,8792017Revenue 2018: $91,636Expenses 2018: $104,360Net Income 2018: -$12,7242018

Highlighted filing

2018

Revenue$91,636
Expenses$104,360
Net Income-$12,724
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$150,118
Liabilities
$13,856
Net assets
$136,262
Revenue
$91,636
Expenses
$104,360
Net income
-$12,724
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.09$0.10$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.22$0.15$1.40$1.52$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.23$0.27$1.53$1.55$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.10$0.24$1.87$1.81$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.17$1.48$1.58$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.02$0.27$1.51$1.52$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.07$0.28$1.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$91,636
Mission and Program Overview

Mission

To promote and expand access to financing modern energy, clean water and other basic needs to build the income and assets of poor people around the world.

Program Services

DescriptionGrantsExpenses
TECHNICAL ADVISORY SERVICES AND SUPPORT TO PROMOTE THE FINANCING OF ENERGY AND WATER AROUND THE WORLD.$153,811-
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICOLA ARMACOSTManaging DirectorFT$91,676-$91,676
NANCY BARRYChair-$0--
BHAKTI MIRCHANDANITreasurer-$0--
RON KASTNERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Arc Finance Ltd
EIN
26-2522724
Phone
9144783851
Address
70 OVERLOOK ROAD, HASTINGS ON HUDSON, NY 10706

Signing Officer

Name
Nicola Armacost
Title
Managing Director
Signed
2019-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Cullari Carrico LLC
Address
55 Lane Road Ste 300, Fairfield, NJ 07004
Preparer
John Carrico Jr
Phone
9734063955
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $2478”

Other Expenses.1002

“Office Expenses $2986”

Other Expenses.1003

“Information Technology $432”

Other Expenses.1005

“Travel $29323”

Other Expenses.1012

“Insurance $991”

Other Expenses.1

“MISCELLANEOUS $1429”

Other Expenses.2

“SUPPLIES $693”

Other Expenses.3

“BANK CHARGES $98”

Other Expenses.5

“$-7126”

Other Assets.1005

“Accounts Receivable - Beginning $180749 Accounts Receivable - Ending $34204”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $217650 Accounts Payable and Accrued Expenses - Ending $13856”

Raw XML Appendix181 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0JEANI SILBERMAN
IRS990EZ/BooksInCareOfDetail/PhoneNum09144783851
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0268 MIDLAND AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MONTCLAIR
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007042
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0185887
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0115914
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt091636
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-12724
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt040259
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0366636
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0150118
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt091636
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0148986
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0136262
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0148986
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0136262
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt091676
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NICOLA ARMACOST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NANCY BARRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BHAKTI MIRCHANDANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RON KASTNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MANAGING DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0180749
IRS990EZ/OtherAssetsTotalDetail/EOYAmt034204
IRS990EZ/OtherExpensesTotalAmt031304
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND EXPAND ACCESS TO FINANCING MODERN ENERGY, CLEAN WATER AND OTHER BASIC NEEDS TO BUILD THE INCOME AND ASSETS OF POOR PEOPLE AROUND THE WORLD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TECHNICAL ADVISORY SERVICES AND SUPPORT TO PROMOTE THE FINANCING OF ENERGY AND WATER AROUND THE WORLD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0153811
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt032797
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0217650
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt013856
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0104360
IRS990EZ/TotalProgramServiceExpensesAmt0153811
IRS990EZ/TotalRevenueAmt091636
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0ARCFINANCE.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt091636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0793361
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0864075
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01007142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01333171
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04089385
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0604879
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0669709
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0859263
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0145011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02278862
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt06368247
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt091636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01398240
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01533784
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01866405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01478182
IRS990ScheduleA/Total509Grp/TotalAmt06368247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt091636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01398240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01533784
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01866405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01478182
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06368247
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $2478
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $2986
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $432
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $29323
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $991
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS $1429
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES $693
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK CHARGES $98
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8$-7126
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Receivable - Beginning $180749 Accounts Receivable - Ending $34204
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Accounts Payable and Accrued Expenses - Beginning $217650 Accounts Payable and Accrued Expenses - Ending $13856
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1001
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLA ARMACOST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARC FINANCE LTD
ReturnHeader/Filer/BusinessNameControlTxt0ARCF
ReturnHeader/Filer/EIN0262522724
ReturnHeader/Filer/PhoneNum09144783851
ReturnHeader/Filer/USAddress/AddressLine1Txt070 OVERLOOK ROAD
ReturnHeader/Filer/USAddress/CityNm0HASTINGS ON HUDSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010706
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270623664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cullari Carrico LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt055 Lane Road Ste 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09734063955
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN CARRICO JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-15T10:25:36-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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