Civic Intelligence

Sage Housing Inc.

990 • Fiscal year 2020 • EIN 27-1396485

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization ProfileWWW.SAGEHOUSINGGROUP.COM
500 Victory RoadN Quincy, MA 02171

(617) 471-0300

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.84x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

4th percentile

-86%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

38%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$1,237,461

Down $160,019 (-11%) from 2019

Net Assets

Down

$892,668

Down $161,004 (-15%) from 2019

Liabilities

Up

$344,793

Up $985 (+0.3%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin4th percentile

Revenue

Up

$187,611

Up $51,562 (+38%) from 2019

Expenses

Up

$348,615

Up $13,811 (+4.1%) from 2019

Net Income

Up

-$161,004

Up $37,751 (+19%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $498,050Liabilities 2017: $87,440Net Assets 2017: $410,6102017Assets 2018: $1,587,666Liabilities 2018: $335,239Net Assets 2018: $1,252,4272018Assets 2019: $1,397,480Liabilities 2019: $343,808Net Assets 2019: $1,053,6722019Assets 2020: $1,237,461Liabilities 2020: $344,793Net Assets 2020: $892,6682020Assets 2021: $1,217,941Liabilities 2021: $320,814Net Assets 2021: $897,1272021Assets 2022: $1,252,799Liabilities 2022: $304,588Net Assets 2022: $948,2112022Assets 2023: $1,229,695Liabilities 2023: $294,933Net Assets 2023: $934,7622023Assets 2024: $1,204,700Liabilities 2024: $296,395Net Assets 2024: $908,3052024

Highlighted filing

2020

Assets$1,237,461
Liabilities$344,793
Net Assets$892,668
Open 2020 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $429,611Expenses 2017: $44,559Net Income 2017: $385,0522017Revenue 2018: $919,513Expenses 2018: $77,696Net Income 2018: $841,8172018Revenue 2019: $136,049Expenses 2019: $334,804Net Income 2019: -$198,7552019Revenue 2020: $187,611Expenses 2020: $348,615Net Income 2020: -$161,0042020Revenue 2021: $160,779Expenses 2021: $156,320Net Income 2021: $4,4592021Revenue 2022: $175,641Expenses 2022: $124,557Net Income 2022: $51,0842022Revenue 2023: $103,721Expenses 2023: $117,170Net Income 2023: -$13,4492023Revenue 2024: $100,545Expenses 2024: $127,002Net Income 2024: -$26,4572024

Highlighted filing

2020

Revenue$187,611
Expenses$348,615
Net Income-$161,004
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$187,611
Mission and Program Overview

Mission

To promote, develop, build, own, manage and maintain affordable housing throughout massachusetts and the united states.

To promote, develop, build, own affordable housing throughout massachusetts and the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$352,324$594,050▲ $241,726
Savings and Temporary Cash Investments$424,102$424,102→ $0
Investments Program Related$457,936$103,596▼ $354,340
Cash and Non-Interest-Bearing Accounts$47,118$103,274▲ $56,156
Accounts Receivable$116,000$10,840▼ $105,160
Prepaid Expenses and Deferred Charges-$1,599-
Total Assets$1,397,480$1,237,461▼ $160,019
Liabilities
Unsecured Notes Loans Payable$324,220$313,786▼ $10,434
Accounts Payable and Accrued Expenses$19,588$31,007▲ $11,419
Total Liabilities$343,808$344,793▲ $985
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$978,672$842,668▼ $136,004
Net Assets With Donor Restrictions$75,000$50,000▼ $25,000
Total Net Assets Fund Balance$1,053,672$892,668▼ $161,004
Total Liabilities and Net Assets / Fund Balance$1,397,480$1,237,461▼ $160,019

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$498,752$30,667$529,419
Land$89,300-$89,300
Other Land Buildings$5,998$1,777$7,775
Investment Program Related Org$1,950--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Richard BeckerPresident
Patrice Trish LeonardVice President
Geoffrey MacadieDirector
Kerry MooreDirector
Lisa CarpenterDirector
Ronald IacobucciDirector
Richard PierceClerk
Richard OlsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Housing Management ResourcesManagement Services500 VICTORY ROAD, Quincy, MA 02171$120,045
Revenue and Support

Revenue Composition

Contributions and Grants
$54,346
Program Service Revenue
$133,265
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,346
Change in Net Assets
$-161,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$345,615
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$110,445--$110,445
Occupancy$46,124--$46,124
Depreciation Depletion$20,024--$20,024
Fees for Services Accounting-$15,075-$15,075
Other Expenses$12,650--$12,650
Fees for Services Legal-$6,688-$6,688
Office Expenses-$4,648-$4,648
Insurance-$3,616-$3,616
Travel-$3,270-$3,270
Grants to Domestic Individuals$3,000--$3,000
Total Functional Expenses$315,318$33,297$0$348,615
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
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization is managed by housing management resources.”

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

“Not applicable; there are no committees within the organization authorized to act on behalf of the governing body.”

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

“The organization's form 990 is distributed to the board members for approval before being filed.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, all board members are provided with a copy of the conflict of interest policy and are required to complete and sign a disclosure form identifying potential conflict of interest.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements, governing documents and policies are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Sage Housing Inc
EIN
27-1396485
Phone
6174710300
Address
500 VICTORY ROAD, N QUINCY, MA 02171

Signing Officer

Name
Richard Pierce
Title
Clerk
Phone
6174710300
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Becker
Formed
2009
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
3

Preparer

Firm
Cohnreznick Llp
Address
10 FORBES ROAD, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 108,045. Management and general expenses 0. Fundraising expenses 0. Total expenses 108,045. Resident service consulting: program service expenses 2,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,400.”

Raw XML AppendixShowing 400 of 417 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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0498752
IRS990ScheduleD/BuildingsGrp/DepreciationAmt030667
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0529419
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0101646
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11950
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ATLANTIC GARDEN
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN JOINT VENTURE - LP EQUITY I, LLC
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt089300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089300
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05998
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01777
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07775
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0594050
IRS990ScheduleD/TotalBookValueProgramRltdAmt0103596
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY HOUSING MANAGEMENT RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOT APPLICABLE; THERE ARE NO COMMITTEES WITHIN THE ORGANIZATION AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS DISTRIBUTED TO THE BOARD MEMBERS FOR APPROVAL BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS, ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE AND SIGN A DISCLOSURE FORM IDENTIFYING POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND POLICIES ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 108,045. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,045. RESIDENT SERVICE CONSULTING: PROGRAM SERVICE EXPENSES 2,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,400.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt0ATLANTIC GARDENS LLC
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/EIN0821728639
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/OwnershipPct00.25000
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PredominateIncomeDesc0RELATED
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE
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IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-123075
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt014 IRON HILL STREET
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm0WEYMOUTH
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01397480
IRS990/TotalAssetsEOYAmt01237461
IRS990/TotalAssetsGrp/BOYAmt01397480
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315318
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IRS990/TotalLiabilitiesGrp/EOYAmt0344793
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IRS990/TotalProgramServiceExpensesAmt0315318
IRS990/TotalProgramServiceRevenueAmt0133265
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0187611
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IRS990/TotalVolunteersCnt03
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01237461
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IRS990/TravelGrp/TotalAmt03270
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0324220
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0313786
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0N QUINCY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002171
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SAGEHOUSINGGROUP.COM
IRS990/WhistleblowerPolicyInd00
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD PIERCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CLERK
ReturnHeader/BusinessOfficerGrp/PhoneNum06174710300
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAGE HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0SAGE
ReturnHeader/Filer/EIN0271396485
ReturnHeader/Filer/PhoneNum06174710300
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 VICTORY ROAD
ReturnHeader/Filer/USAddress/CityNm0N QUINCY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,237,461
Liabilities
$344,793
Net assets
$892,668
Revenue
$187,611
Expenses
$348,615
Net income
-$161,004
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.30$0.91$0.10$0.13$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.29$0.93$0.10$0.12$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.30$0.95$0.18$0.12$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.32$0.90$0.16$0.16$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.24$0.34$0.89$0.19$0.35$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.34$1.05$0.14$0.33$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.59$0.34$1.25$0.92$0.08$0.84
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.09$0.41$0.43$0.04$0.39