Civic Intelligence

Evans Place Housing Inc.

990 • Fiscal year 2016 • EIN 27-0467500

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 12, 2017

7 Industrial RdPequannock, NJ 07440

(973) 839-2520

Siviq Scores

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

Liabilities / Assets

70th percentile

1.13x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

20.87x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2016

Net Margin

21st percentile

-53%

Higher net margin than 21% of similar nonprofits.

2016 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2016 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2016

Asset Growth

40th percentile

-2.7%

Faster asset growth than 40% of similar nonprofits.

2016 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

7.6%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,414,378

Down $66,662 (-2.7%) from 2015

Net Assets

Down

-$322,589

Down $69,109 (-27%) from 2015

Liabilities

Up

$2,736,967

Up $2,447 (+0.1%) from 2015

Revenue

Up

$131,127

Up $9,230 (+7.6%) from 2015

Expenses

Down

$200,236

Down $18,687 (-8.5%) from 2015

Net Income

Up

-$69,109

Up $27,917 (+29%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2014: $2,606,311Liabilities 2014: $2,762,765Net Assets 2014: -$156,4542014Assets 2015: $2,481,040Liabilities 2015: $2,734,520Net Assets 2015: -$253,4802015Assets 2016: $2,414,378Liabilities 2016: $2,736,967Net Assets 2016: -$322,5892016Assets 2017: $2,326,268Liabilities 2017: $2,753,998Net Assets 2017: -$427,7302017Assets 2019: $2,057,104Liabilities 2019: $2,707,726Net Assets 2019: -$650,6222019Assets 2020: $1,990,329Liabilities 2020: $2,722,780Net Assets 2020: -$732,4512020Assets 2021: $1,770,913Liabilities 2021: $2,596,855Net Assets 2021: -$825,9422021Assets 2022: $1,647,341Liabilities 2022: $2,600,029Net Assets 2022: -$952,6882022Assets 2024: $1,373,432Liabilities 2024: $2,601,004Net Assets 2024: -$1,227,5722024

Highlighted filing

2016

Assets$2,414,378
Liabilities$2,736,967
Net Assets-$322,589

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2014: $128,042Expenses 2014: $186,392Net Income 2014: -$58,3502014Revenue 2015: $121,897Expenses 2015: $218,923Net Income 2015: -$97,0262015Revenue 2016: $131,127Expenses 2016: $200,236Net Income 2016: -$69,1092016Revenue 2017: $123,892Expenses 2017: $229,033Net Income 2017: -$105,1412017Revenue 2019: $123,818Expenses 2019: $248,291Net Income 2019: -$124,4732019Revenue 2020: $134,273Expenses 2020: $216,102Net Income 2020: -$81,8292020Revenue 2021: $134,997Expenses 2021: $228,488Net Income 2021: -$93,4912021Revenue 2022: $132,066Expenses 2022: $258,812Net Income 2022: -$126,7462022Revenue 2024: $74,331Expenses 2024: $120,289Net Income 2024: -$45,9582024

Highlighted filing

2016

Revenue$131,127
Expenses$200,236
Net Income-$69,109
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 12, 2017
Return Version
2015v3.0
Gross Receipts
$131,127
Mission and Program Overview

Mission

To develop and operate affordable housing for individuals with special needs.

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,190,658$2,117,424▼ $73,234
Cash and Non-Interest-Bearing Accounts$87,801$40,363▼ $47,438
Investments Other Securities$0--
Total Assets$2,481,040$2,414,378▼ $66,662
Other Assets Total$202,581$256,591▲ $54,010
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,728,932$2,728,932→ $0
Accounts Payable and Accrued Expenses$5,588$8,035▲ $2,447
Total Liabilities$2,734,520$2,736,967▲ $2,447
Net Assets / Fund Balance
Unrestricted Net Assets$-253,480$-322,589▼ $69,109
Total Net Assets Fund Balance$-253,480$-322,589▼ $69,109
Total Liabilities and Net Assets / Fund Balance$2,481,040$2,414,378▼ $66,662

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,710,174$602,171-
Land$407,250--
Other Assets Org$256,591--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne WolfePresident
Marie EpisaleSecretary
Barbara PenhaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$96,211
Program Service Revenue
$34,745
Investment Income
$171
Other Revenue
$0
Change in Net Assets
$-69,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,236
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-$116,647-$116,647
Occupancy$22,419--$22,419
All Other Expenses$12,456--$12,456
Fees for Services Management-$10,104-$10,104
Insurance$5,931--$5,931
Fees for Services Legal-$4,348-$4,348
Fees for Services Accounting-$3,000-$3,000
Office Expenses-$2,063-$2,063
Other Expenses$1,177$11,669-$1,177
Total Functional Expenses$52,405$147,831$0$200,236
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
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Existing board members can appoint new board members

Form 990, Part VI, Section A, Line 8B

Evan's place housing, inc. Does not have committees.

Form 990, Part VI, Section B, Line 11

Evans place housing, inc. Is an affiliate of newbridge services, inc. Newbridges' cfo e-mails the draft 990 to each member of the board of trustees for review and comments prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Evans Place Housing Inc
EIN
27-0467500
Phone
9738392520
Address
7 INDUSTRIAL RD, PEQUANNOCK, NJ 07440

Signing Officer

Name
Walter Dudzinski
Title
CFO
Phone
9738392520
Signed
2017-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter Dudzinski
Formed
2009
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA - SUITE 5335, NEW YORK, NY 10119-0219
Preparer
Marc Newman CPA
Phone
2126955003
Supplemental Narrative

Additional Explanations

Form 990, Part X- Secured Mortgages and Notes Payable

Lender: pequannock township affordable hosg fund original amount: 102,535 interest rate: date of note: 10/13/2009 maturity date: 10/13/2039 repayment terms: loan forgiven if property is used to house clients security provided: land and buildings purpose of loan: development of low-income housing units description and fmv land and buildings located in of consideration: pompton plains, nj beginning balance due................................. 102,535 ending balance due.................................... 102,535 lender: new jersey housing and mtg finance agcy original amount: 1,059,171 interest rate: date of note: 06/30/2010 maturity date: 10/31/2030 repayment terms: 25% cash flow loan with balance due at maturity security provided: land and buildings purpose of loan: development of special needs housing description and fmv land and buildings located in of consideration: pompton plains, nj beginning balance due................................. 2,351,397 ending balance due.................................... 2,351,397 lender: morris home fund original amount: 275,000 interest rate: date of note: 02/01/2008 maturity date: 06/01/2032 repayment terms: loan forgiven if property is used to house clients security provided: land and buildings purpose of loan: development of low-income housing description and fmv land and buildings located in of consideration: pompton plains, nj beginning balance due................................. 275,000 ending balance due.................................... 275,000 total beginning mortgages and other notes payable 2,728,932 total ending mortgages and other notes payable 2,728,932

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVAN'S PLACE HOUSING, INC. DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVANS PLACE HOUSING, INC. IS AN AFFILIATE OF NEWBRIDGE SERVICES, INC. NEWBRIDGES' CFO E-MAILS THE DRAFT 990 TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LENDER: PEQUANNOCK TOWNSHIP AFFORDABLE HOSG FUND ORIGINAL AMOUNT: 102,535 INTEREST RATE: DATE OF NOTE: 10/13/2009 MATURITY DATE: 10/13/2039 REPAYMENT TERMS: LOAN FORGIVEN IF PROPERTY IS USED TO HOUSE CLIENTS SECURITY PROVIDED: LAND AND BUILDINGS PURPOSE OF LOAN: DEVELOPMENT OF LOW-INCOME HOUSING UNITS DESCRIPTION AND FMV LAND AND BUILDINGS LOCATED IN OF CONSIDERATION: POMPTON PLAINS, NJ BEGINNING BALANCE DUE................................. 102,535 ENDING BALANCE DUE.................................... 102,535 LENDER: NEW JERSEY HOUSING AND MTG FINANCE AGCY ORIGINAL AMOUNT: 1,059,171 INTEREST RATE: DATE OF NOTE: 06/30/2010 MATURITY DATE: 10/31/2030 REPAYMENT TERMS: 25% CASH FLOW LOAN WITH BALANCE DUE AT MATURITY SECURITY PROVIDED: LAND AND BUILDINGS PURPOSE OF LOAN: DEVELOPMENT OF SPECIAL NEEDS HOUSING DESCRIPTION AND FMV LAND AND BUILDINGS LOCATED IN OF CONSIDERATION: POMPTON PLAINS, NJ BEGINNING BALANCE DUE................................. 2,351,397 ENDING BALANCE DUE.................................... 2,351,397 LENDER: MORRIS HOME FUND ORIGINAL AMOUNT: 275,000 INTEREST RATE: DATE OF NOTE: 02/01/2008 MATURITY DATE: 06/01/2032 REPAYMENT TERMS: LOAN FORGIVEN IF PROPERTY IS USED TO HOUSE CLIENTS SECURITY PROVIDED: LAND AND BUILDINGS PURPOSE OF LOAN: DEVELOPMENT OF LOW-INCOME HOUSING DESCRIPTION AND FMV LAND AND BUILDINGS LOCATED IN OF CONSIDERATION: POMPTON PLAINS, NJ BEGINNING BALANCE DUE................................. 275,000 ENDING BALANCE DUE.................................... 275,000 TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE 2,728,932 TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE 2,728,932
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART X- SECURED MORTGAGES AND NOTES PAYABLE
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/PaidEmployeesSharingInd01
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEWBRIDGE SERVICES INC
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt02481040
IRS990/TotalAssetsGrp/EOYAmt02414378
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IRS990/TotalContributionsAmt096211
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt052405
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200236
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02734520
IRS990/TotalLiabilitiesEOYAmt02736967
IRS990/TotalLiabilitiesGrp/BOYAmt02734520
IRS990/TotalLiabilitiesGrp/EOYAmt02736967
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-253480
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-322589
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt052405
IRS990/TotalProgramServiceRevenueAmt034745
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034916
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131127
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02481040
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02414378
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-253480
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-322589
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 INDUSTRIAL RD
IRS990/USAddress/CityNm0PEQUANNOCK
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IRS990/USAddress/ZIPCd007440
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WALTER DUDZINSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum09738392520
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EVANS PLACE HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0EVAN
ReturnHeader/Filer/EIN0270467500
ReturnHeader/Filer/PhoneNum09738392520
ReturnHeader/Filer/USAddress/AddressLine1Txt07 INDUSTRIAL RD
ReturnHeader/Filer/USAddress/CityNm0PEQUANNOCK
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ReturnHeader/Filer/USAddress/ZIPCd007440
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA - SUITE 5335
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101190219
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC NEWMAN CPA
ReturnHeader/ReturnTs02017-04-14T18:00:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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