Civic Intelligence

Evans Place Housing Inc.

990 • Fiscal year 2017 • EIN 27-0467500

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

7 Industrial RdPequannock, NJ 07440

(973) 686-2241

Siviq Scores

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

Liabilities / Assets

73rd percentile

1.18x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

22.23x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Net Margin

9th percentile

-85%

Higher net margin than 9% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Asset Growth

31st percentile

-3.6%

Faster asset growth than 31% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-5.5%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,326,268

Down $88,110 (-3.6%) from 2016

Net Assets

Down

-$427,730

Down $105,141 (-33%) from 2016

Liabilities

Up

$2,753,998

Up $17,031 (+0.6%) from 2016

Revenue

Down

$123,892

Down $7,235 (-5.5%) from 2016

Expenses

Up

$229,033

Up $28,797 (+14%) from 2016

Net Income

Down

-$105,141

Down $36,032 (-52%) from 2016

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

2017

Assets$2,326,268
Liabilities$2,753,998
Net Assets-$427,730

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

2017

Revenue$123,892
Expenses$229,033
Net Income-$105,141
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$123,892
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$2,117,424$2,004,786▼ $112,638
Cash and Non-Interest-Bearing Accounts$40,363$101,608▲ $61,245
Total Assets$2,414,378$2,326,268▼ $88,110
Other Assets Total$256,591$219,874▼ $36,717
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,728,932$2,728,932→ $0
Accounts Payable and Accrued Expenses$8,035$18,191▲ $10,156
Deferred Revenue-$6,875-
Total Liabilities$2,736,967$2,753,998▲ $17,031
Net Assets / Fund Balance
Unrestricted Net Assets$-322,589$-427,730▼ $105,141
Total Net Assets Fund Balance$-322,589$-427,730▼ $105,141
Total Liabilities and Net Assets / Fund Balance$2,414,378$2,326,268▼ $88,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,597,536$722,454-
Land$407,250--
Other Assets Org$219,874--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne WolfePresident
Marie EpisaleSecretary
Barbara PenhaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,492
Program Service Revenue
$39,166
Investment Income
$234
Other Revenue
$0
Change in Net Assets
$-105,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,033
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-$120,283-$120,283
Occupancy$24,266--$24,266
All Other Expenses$13,171--$13,171
Fees for Services Management-$10,560-$10,560
Insurance$9,352--$9,352
Fees for Services Accounting-$5,250-$5,250
Office Expenses-$3,045-$3,045
Other Expenses$2,674$6,663-$2,674
Total Functional Expenses$83,232$145,801$0$229,033
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 11B

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
9736862241
Address
7 INDUSTRIAL RD, PEQUANNOCK, NJ 07440

Signing Officer

Name
Walter Dudzinski
Title
CFO
Phone
9738392520
Signed
2018-05-09
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 3500, NEW YORK, NY 10119-3601
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

Raw XML Appendix380 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.

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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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART X - SECURED MORTGAGES AND NOTES PAYABLE
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEWBRIDGE SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221725830
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HEALTH SRVCS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170B1AIV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07 INDUSTRIAL ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PEQAUNNOCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007440
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt060000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEWBRIDGE SERVICES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02414378
IRS990/TotalAssetsEOYAmt02326268
IRS990/TotalAssetsGrp/BOYAmt02414378
IRS990/TotalAssetsGrp/EOYAmt02326268
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt084492
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0145801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt083232
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229033
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02736967
IRS990/TotalLiabilitiesEOYAmt02753998
IRS990/TotalLiabilitiesGrp/BOYAmt02736967
IRS990/TotalLiabilitiesGrp/EOYAmt02753998
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-322589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-427730
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt083232
IRS990/TotalProgramServiceRevenueAmt039166
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0123892
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02414378
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02326268
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-322589
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-427730
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 INDUSTRIAL RD
IRS990/USAddress/CityNm0PEQUANNOCK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007440
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WALTER DUDZINSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum09738392520
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EVANS PLACE HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0EVAN
ReturnHeader/Filer/EIN0270467500
ReturnHeader/Filer/PhoneNum09736862241
ReturnHeader/Filer/USAddress/AddressLine1Txt07 INDUSTRIAL RD
ReturnHeader/Filer/USAddress/CityNm0PEQUANNOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007440
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId039BA4DAE992FE3DB89183ECAEF01B0EAEBB84630
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D37D89F61CE96493DEEED671193542B373995A54
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.99.80.132
ReturnHeader/FilingSecurityInformation/IPDt02018-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:55:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA - SUITE 3500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101193601
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC NEWMAN CPA
ReturnHeader/ReturnTs02018-05-11T14:40:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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