Civic Intelligence

Cathedral Green Inc.

990 • Fiscal year 2018 • EIN 27-0144655

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 26, 2019

839-841 Asylum AvenueHartford, CT 06105

(860) 541-6491

Siviq Scores

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

Liabilities / Assets

98th percentile

1.69x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

22.78x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

2nd percentile

-131%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

21st percentile

-5.0%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$6,381,915

Down $339,345 (-5.0%) from 2017

Net Assets

Down

-$4,399,319

Down $622,134 (-16%) from 2017

Liabilities

Up

$10,781,234

Up $282,789 (+2.7%) from 2017

Revenue

Down

$473,302

Down $11,166 (-2.3%) from 2017

Expenses

Down

$1,095,436

Down $16,317 (-1.5%) from 2017

Net Income

Up

-$622,134

Up $5,151 (+0.8%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2010: $9,258,743Liabilities 2010: $8,528,582Net Assets 2010: $730,1612010Assets 2011: $8,830,217Liabilities 2011: $8,734,994Net Assets 2011: $95,2232011Assets 2012: $8,473,731Liabilities 2012: $9,059,044Net Assets 2012: -$585,3132012Assets 2014: $7,858,402Liabilities 2014: $9,730,778Net Assets 2014: -$1,872,3762014Assets 2015: $7,511,314Liabilities 2015: $10,044,358Net Assets 2015: -$2,533,0442015Assets 2016: $7,038,971Liabilities 2016: $10,188,871Net Assets 2016: -$3,149,9002016Assets 2017: $6,721,260Liabilities 2017: $10,498,445Net Assets 2017: -$3,777,1852017Assets 2018: $6,381,915Liabilities 2018: $10,781,234Net Assets 2018: -$4,399,3192018Assets 2019: $6,163,962Liabilities 2019: $11,100,956Net Assets 2019: -$4,936,9942019Assets 2020: $5,838,929Liabilities 2020: $11,452,748Net Assets 2020: -$5,613,8192020Assets 2021: $5,458,445Liabilities 2021: $11,745,303Net Assets 2021: -$6,286,8582021Assets 2022: $5,074,690Liabilities 2022: $12,101,101Net Assets 2022: -$7,026,4112022Assets 2023: $4,726,290Liabilities 2023: $12,454,055Net Assets 2023: -$7,727,7652023Assets 2024: $4,467,967Liabilities 2024: $12,908,705Net Assets 2024: -$8,440,7382024

Highlighted filing

2018

Assets$6,381,915
Liabilities$10,781,234
Net Assets-$4,399,319

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2010: $1,130,8542010Expenses 2011: $1,236,9372011Expenses 2012: $1,166,8492012Revenue 2014: $461,131Expenses 2014: $1,111,974Net Income 2014: -$650,8432014Revenue 2015: $454,532Expenses 2015: $1,115,200Net Income 2015: -$660,6682015Revenue 2016: $482,719Expenses 2016: $1,099,575Net Income 2016: -$616,8562016Revenue 2017: $484,468Expenses 2017: $1,111,753Net Income 2017: -$627,2852017Revenue 2018: $473,302Expenses 2018: $1,095,436Net Income 2018: -$622,1342018Revenue 2019: $505,490Expenses 2019: $1,043,165Net Income 2019: -$537,6752019Revenue 2020: $468,124Expenses 2020: $1,144,949Net Income 2020: -$676,8252020Revenue 2021: $456,540Expenses 2021: $1,129,579Net Income 2021: -$673,0392021Revenue 2022: $469,906Expenses 2022: $1,209,459Net Income 2022: -$739,5532022Revenue 2023: $483,869Expenses 2023: $1,185,223Net Income 2023: -$701,3542023Revenue 2024: $502,466Expenses 2024: $1,215,439Net Income 2024: -$712,9732024

Highlighted filing

2018

Revenue$473,302
Expenses$1,095,436
Net Income-$622,134
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 26, 2019
Return Version
2018v3.1
Gross Receipts
$473,302
Mission and Program Overview

Mission

To lease and improve a 28 unit apartment complex to provide supportive and affordable housing in hartford, ct, along with supportive social services.

Renovating a school building into 28 family living units for homeless families of low income and to offer subsidized housing and social services to assist disadvantaged families residing there to overcome substance and/or physical abuse to help enable them to have a chance of gaining better socio-economic outcomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,901,058$5,594,370▼ $306,688
Savings and Temporary Cash Investments$780,139$707,887▼ $72,252
Cash and Non-Interest-Bearing Accounts$12,345$42,790▲ $30,445
Prepaid Expenses and Deferred Charges$24,954$26,279▲ $1,325
Accounts Receivable$2,764$10,589▲ $7,825
Total Assets$6,721,260$6,381,915▼ $339,345
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,664,889$7,670,848▲ $5,959
Other Liabilities$2,759,505$3,071,285▲ $311,780
Accounts Payable and Accrued Expenses$74,051$39,101▼ $34,950
Total Liabilities$10,498,445$10,781,234▲ $282,789
Net Assets / Fund Balance
Unrestricted Net Assets$-3,777,185$-4,399,319▼ $622,134
Total Net Assets Fund Balance$-3,777,185$-4,399,319▼ $622,134
Total Liabilities and Net Assets / Fund Balance$6,721,260$6,381,915▼ $339,345

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,305,319$2,341,475$7,646,794
Leasehold Improvements$286,766$468,755$755,521
Equipment$2,285$174,411$176,696
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$455,713
Investment Income
$11,971
Other Revenue
$5,618
Change in Net Assets
$-622,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$473,302
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$473,302
Total Revenue per Form 990
$473,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,018,589
Salaries, Compensation, and Employee Benefits$76,847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$317,739-$317,739
Depreciation Depletion$306,688--$306,688
Occupancy$276,368--$276,368
Other Salaries and Wages$65,320--$65,320
Insurance-$50,781-$50,781
Office Expenses-$27,598-$27,598
Fees for Services Management-$22,431-$22,431
Fees for Services Accounting-$15,849-$15,849
Payroll Taxes$6,691--$6,691
Other Employee Benefits$4,836--$4,836
Fees for Services Legal-$1,135-$1,135
Total Functional Expenses$659,903$435,533$0$1,095,436

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,095,436
Total Expenses per Audited Statements$1,095,436
Total Expenses per Form 990$1,095,436
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$3,071,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No

Governance Explanations

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

The form 990 is reviewed by management and one of the board members prior to being finalized.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request to the organization.

Filing and Contact Details

Filer

Filer Name
Cathedral Green Inc
EIN
27-0144655
Phone
8605416491
Address
839-841 ASYLUM AVENUE, HARTFORD, CT 06105

Signing Officer

Name
Matthew a Byrne
Title
CPA
Phone
8605416491
Signed
2019-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew a Byrne
Formed
2006
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Edward G Sullivan
Phone
8605223111
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02341475
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07646794
IRS990ScheduleD/EquipmentGrp/BookValueAmt02285
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0174411
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0176696
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01095436
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0286766
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0468755
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0755521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03071285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0473302
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05594370
IRS990ScheduleD/TotalExpensesPerForm990Amt01095436
IRS990ScheduleD/TotalLiabilityAmt03071285
IRS990ScheduleD/TotalRevenuePerForm990Amt0473302
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0473302
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01095436
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY MANAGEMENT AND ONE OF THE BOARD MEMBERS PRIOR TO BEING FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE HARTFORD ROMAN CATHOLIC DIOCESAN CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CATHOLIC CHARITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0060646669
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1060667607
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1FAMILY SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(I)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1170(B)(1)(A)(I)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0134 FARMINGTON AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1839-841 ASYLUM AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd106105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06721260
IRS990/TotalAssetsEOYAmt06381915
IRS990/TotalAssetsGrp/BOYAmt06721260
IRS990/TotalAssetsGrp/EOYAmt06381915
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0435533
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0659903
IRS990/TotalFunctionalExpensesGrp/TotalAmt01095436
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010498445
IRS990/TotalLiabilitiesEOYAmt010781234
IRS990/TotalLiabilitiesGrp/BOYAmt010498445
IRS990/TotalLiabilitiesGrp/EOYAmt010781234
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3777185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4399319
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0659903
IRS990/TotalProgramServiceRevenueAmt0455713
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011971
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0461331
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0473302
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06721260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06381915
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3777185
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4399319
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0134 FARMINGTON AVE
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006105
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW A BYRNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CPA
ReturnHeader/BusinessOfficerGrp/PhoneNum08605416491
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CATHEDRAL GREEN INC
ReturnHeader/Filer/BusinessNameControlTxt0CATH
ReturnHeader/Filer/EIN0270144655
ReturnHeader/Filer/PhoneNum08605416491
ReturnHeader/Filer/USAddress/AddressLine1Txt0839-841 ASYLUM AVENUE
ReturnHeader/Filer/USAddress/CityNm0HARTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006105
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05E3A20CF6F856D4691D8CFBDE4C8E7999E01934E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07D675871B76272FC49D3D35D9052D04A56F72B31
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.0.144.57
ReturnHeader/FilingSecurityInformation/IPDt02019-06-26

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$12.9$8.44$0.50$1.22$0.71
2023Detailed filing. Detailed filing data is available for this year.$4.73$12.5$7.73$0.48$1.19$0.70
2022Detailed filing. Detailed filing data is available for this year.$5.07$12.1$7.03$0.47$1.21$0.74
2021Detailed filing. Detailed filing data is available for this year.$5.46$11.7$6.29$0.46$1.13$0.67
2020Detailed filing. Detailed filing data is available for this year.$5.84$11.5$5.61$0.47$1.14$0.68
2019Detailed filing. Detailed filing data is available for this year.$6.16$11.1$4.94$0.51$1.04$0.54
2018Detailed filing. Detailed filing data is available for this year.$6.38$10.8$4.40$0.47$1.10$0.62
2017Detailed filing. Detailed filing data is available for this year.$6.72$10.5$3.78$0.48$1.11$0.63
2016Detailed filing. Detailed filing data is available for this year.$7.04$10.2$3.15$0.48$1.10$0.62
2015Detailed filing. Detailed filing data is available for this year.$7.51$10.0$2.53$0.45$1.12$0.66
2014Detailed filing. Detailed filing data is available for this year.$7.86$9.73$1.87$0.46$1.11$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.47$9.06$0.59$1.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$8.73$0.10$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.26$8.53$0.73$1.13