Civic Intelligence

Jfm No 3 Corp

990 • Fiscal year 2014 • EIN 26-4545133

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 03, 2014

800 Center St04210

(207) 782-2726

Siviq Scores

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

Liabilities / Assets

38th percentile

0.05x

Higher debt load relative to assets than 38% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

0.98x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

6th percentile

-48%

Higher net margin than 6% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

88th percentile

$183,293

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 235.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$1,620,882

Down $46,821 (-2.8%) from 2013

Net Assets

Down

$1,544,981

Down $37,254 (-2.4%) from 2013

Liabilities

Down

$75,901

Down $9,567 (-11%) from 2013

Revenue

$77,691

No earlier filing loaded for comparison.

Expenses

Up

$114,945

Up $10,641 (+10%) from 2013

Net Income

-$37,254

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.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $230,776Liabilities 2010: $230,776Net Assets 2010: $02010Assets 2011: $1,664,232Liabilities 2011: $143,619Net Assets 2011: $1,520,6132011Assets 2012: $1,690,512Liabilities 2012: $81,337Net Assets 2012: $1,609,1752012Assets 2013: $1,667,703Liabilities 2013: $85,468Net Assets 2013: $1,582,2352013Assets 2014: $1,620,882Liabilities 2014: $75,901Net Assets 2014: $1,544,9812014Assets 2015: $1,577,108Liabilities 2015: $76,053Net Assets 2015: $1,501,0552015Assets 2016: $1,540,849Liabilities 2016: $78,682Net Assets 2016: $1,462,1672016Assets 2018: $1,442,572Liabilities 2018: $72,312Net Assets 2018: $1,370,2602018Assets 2019: $1,385,539Liabilities 2019: $78,570Net Assets 2019: $1,306,9692019Assets 2020: $1,354,273Liabilities 2020: $80,390Net Assets 2020: $1,273,8832020Assets 2021: $1,325,686Liabilities 2021: $115,570Net Assets 2021: $1,210,1162021Assets 2022: $1,307,688Liabilities 2022: $168,668Net Assets 2022: $1,139,0202022Assets 2023: $1,250,163Liabilities 2023: $181,020Net Assets 2023: $1,069,1432023Assets 2024: $1,199,853Liabilities 2024: $168,304Net Assets 2024: $1,031,5492024Assets 2025: $1,172,111Liabilities 2025: $174,529Net Assets 2025: $997,5822025

Highlighted filing

2014

Assets$1,620,882
Liabilities$75,901
Net Assets$1,544,981

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $33,1252011Expenses 2012: $102,3562012Expenses 2013: $104,3042013Revenue 2014: $77,691Expenses 2014: $114,945Net Income 2014: -$37,2542014Revenue 2015: $77,707Expenses 2015: $121,633Net Income 2015: -$43,9262015Revenue 2016: $76,705Expenses 2016: $115,593Net Income 2016: -$38,8882016Revenue 2018: $90,466Expenses 2018: $137,486Net Income 2018: -$47,0202018Revenue 2019: $84,977Expenses 2019: $148,268Net Income 2019: -$63,2912019Revenue 2020: $122,949Expenses 2020: $156,035Net Income 2020: -$33,0862020Revenue 2021: $104,942Expenses 2021: $168,709Net Income 2021: -$63,7672021Revenue 2022: $127,845Expenses 2022: $198,941Net Income 2022: -$71,0962022Revenue 2023: $122,227Expenses 2023: $192,104Net Income 2023: -$69,8772023Revenue 2024: $152,252Expenses 2024: $189,846Net Income 2024: -$37,5942024Revenue 2025: $165,623Expenses 2025: $199,590Net Income 2025: -$33,9672025

Highlighted filing

2014

Revenue$77,691
Expenses$114,945
Net Income-$37,254
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 3, 2014
Return Version
2013v3.1
Gross Receipts
$77,691
Mission and Program Overview

Mission

Provide low income housing to disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,605,170$1,551,222▼ $53,948
Savings and Temporary Cash Investments$31,624$41,608▲ $9,984
Cash and Non-Interest-Bearing Accounts$26,858$28,052▲ $1,194
Accounts Receivable$4,051--
Total Assets$1,667,703$1,620,882▼ $46,821
Liabilities
Other Liabilities$74,985$65,081▼ $9,904
Accounts Payable and Accrued Expenses$10,483$10,820▲ $337
Total Liabilities$85,468$75,901▼ $9,567
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,654,400$1,654,400→ $0
Unrestricted Net Assets$-72,165$-109,419▼ $37,254
Total Net Assets Fund Balance$1,582,235$1,544,981▼ $37,254
Total Liabilities and Net Assets / Fund Balance$1,667,703$1,620,882▼ $46,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,416,492$169,313$1,585,805
Land$116,074-$116,074
Other Land Buildings$18,656$8,799$27,455
Compensation and Service Providers

Employees

NameTitleOtherTotal
Peter KowalskiExecutive Di$183,293$183,293
Andrew CowanCFO$119,481$119,481
Laurie Crane-turtonCOO$84,011$84,011

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$51,123
Program Service Revenue
$26,517
Investment Income
$51
Other Revenue
$0
Change in Net Assets
$-37,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$77,691
Total Revenue per Audited Statements
$77,691
Total Revenue per Form 990
$77,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,948--$53,948
Occupancy$46,822--$46,822
Fees for Services Accounting-$7,250-$7,250
Fees for Services Management-$6,120-$6,120
Other Expenses$235--$235
Total Functional Expenses$101,575$13,370$0$114,945

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$114,945
Total Expenses per Audited Statements$114,945
Total Expenses per Form 990$114,945
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 Jfm$65,081
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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, Page 6, Part VI, Line 2

John d. Clifford iv john d. Clifford v director president father-son michael drouin anita drouin past pres director husband-wife

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed and signed by the chief financial officer before filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request at the company's main office during normal business hours.

Filing and Contact Details

Filer

EIN
26-4545133
Phone
2077822726

Signing Officer

Name
Andrew Cowan
Title
Chief Financial Officer
Phone
2077822726
Signed
2014-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Kowalski
Formed
2009
Legal Domicile
Me
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Preparer
Jonathan a Hussey
Phone
2077832839
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IRS990ScheduleD/LandGrp/BookValueAmt0116074
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018656
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IRS990/ScheduleJRequiredInd0true
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.17$0.17$1.00$0.17$0.20$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.17$1.03$0.15$0.19$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.18$1.07$0.12$0.19$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.17$1.14$0.13$0.20$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.12$1.21$0.10$0.17$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.08$1.27$0.12$0.16$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.39$0.08$1.31$0.08$0.15$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.44$0.07$1.37$0.09$0.14$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.08$1.46$0.08$0.12$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.58$0.08$1.50$0.08$0.12$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.62$0.08$1.54$0.08$0.11$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.09$1.58$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.08$1.61$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.14$1.52$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.23$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits