Civic Intelligence

Evans Place Housing Inc.

990 • Fiscal year 2019 • EIN 27-0467500

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 16, 2019

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

79th percentile

1.32x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

21.87x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Net Margin

5th percentile

-101%

Higher net margin than 5% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Asset Growth

6th percentile

-6.3%

Faster asset growth than 6% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-2.1%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,057,104

Down $269,164 (-12%) from 2017

Net Assets

Down

-$650,622

Down $222,892 (-52%) from 2017

Liabilities

Down

$2,707,726

Down $46,272 (-1.7%) from 2017

Revenue

Down

$123,818

Down $74 (-0.1%) from 2017

Expenses

Up

$248,291

Up $19,258 (+8.4%) from 2017

Net Income

Down

-$124,473

Down $19,332 (-18%) from 2017

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

2019

Assets$2,057,104
Liabilities$2,707,726
Net Assets-$650,622

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

2019

Revenue$123,818
Expenses$248,291
Net Income-$124,473
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 16, 2019
Return Version
2018v3.1
Gross Receipts
$123,818
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$1,902,488$1,778,354▼ $124,134
Cash and Non-Interest-Bearing Accounts$67,281$120,681▲ $53,400
Total Assets$2,195,162$2,057,104▼ $138,058
Other Assets Total$225,393$158,069▼ $67,324
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,701,264$2,694,109▼ $7,155
Accounts Payable and Accrued Expenses$13,030$13,459▲ $429
Deferred Revenue$6,626--
Other Liabilities$391$158▼ $233
Total Liabilities$2,721,311$2,707,726▼ $13,585
Net Assets / Fund Balance
Unrestricted Net Assets$-526,149$-650,622▼ $124,473
Total Net Assets Fund Balance$-526,149$-650,622▼ $124,473
Total Liabilities and Net Assets / Fund Balance$2,195,162$2,057,104▼ $138,058

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,371,104$971,235-
Land$407,250--
Other Assets Org$159--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne WolfePresident
Marie EpisaleSecretary
Barbara PenhaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,372
Program Service Revenue
$38,535
Investment Income
$1,154
Other Revenue
$757
Change in Net Assets
$-124,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,291
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-$124,133-$124,133
Occupancy$34,546--$34,546
Fees for Services Management$10,560--$10,560
Fees for Services Accounting-$10,000-$10,000
All Other Expenses$9,821--$9,821
Insurance$3,617$6,203-$9,820
Other Expenses$7,415--$7,415
Interest$2,391--$2,391
Office Expenses$2,347--$2,347
Fees for Services Other$126--$126
Total Functional Expenses$107,955$140,336$0$248,291
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
Intercompany Payable$158
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Accounting, auditing and property management services were delegated to newbridge services, inc.

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 final 990 to each member of the finance committee of newbridge services, inc. 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
2019-12-16
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: 02/13/2030 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................................. $2,323,728 ending balance due.................................... $2,316,574 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 $2,701,263 total ending mortgages and other notes payable $2,694,109

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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/ExplanationTxt1EXISTING BOARD MEMBERS CAN APPOINT NEW BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVAN'S PLACE HOUSING, INC. DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVANS PLACE HOUSING, INC. IS AN AFFILIATE OF NEWBRIDGE SERVICES, INC. NEWBRIDGES' CFO E-MAILS THE FINAL 990 TO EACH MEMBER OF THE FINANCE COMMITTEE OF NEWBRIDGE SERVICES, INC. FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LENDER: PEQUANNOCK TOWNSHIP AFFORDABLE HOSG FUND ORIGINAL AMOUNT: $102,535 INTEREST RATE: DATE OF NOTE: 10/13/2009 MATURITY DATE: 02/13/2030 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................................. $2,323,728 ENDING BALANCE DUE.................................... $2,316,574 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 $2,701,263 TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE $2,694,109
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02195162
IRS990/TotalAssetsEOYAmt02057104
IRS990/TotalAssetsGrp/BOYAmt02195162
IRS990/TotalAssetsGrp/EOYAmt02057104
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt083372
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140336
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107955
IRS990/TotalFunctionalExpensesGrp/TotalAmt0248291
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02721311
IRS990/TotalLiabilitiesEOYAmt02707726
IRS990/TotalLiabilitiesGrp/BOYAmt02721311
IRS990/TotalLiabilitiesGrp/EOYAmt02707726
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-526149
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-650622
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0107955
IRS990/TotalProgramServiceRevenueAmt038535
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040446
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0123818
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02195162
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02057104
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-526149
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-650622
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/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WALTER DUDZINSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum09738392520
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-16
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007440
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0056DA2FF4A7B504AA3A204A4D0F8639E161C80EB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AA7797E29E8E9AF0AE760B6B811E4E75E09D129C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.99.80.132
ReturnHeader/FilingSecurityInformation/IPDt02019-12-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:20:32
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/ReturnTs02019-12-20T09:15:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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