Civic Intelligence

Goodwill Headquarters Inc.

990 • Fiscal year 2015 • EIN 27-2523596

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 02, 2015

Refreshing map…

1010 Harrison AvenueBoston, MA 02119

(617) 445-1010

Siviq Scores

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

Liabilities / Assets

97th percentile

1.32x

Higher debt load relative to assets than 97% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

42.61x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

2nd percentile

-178%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$497,178

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 156.3% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

19th percentile

-4.9%

Faster asset growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

0.0%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$10,304,237

Down $528,746 (-4.9%) from 2014

Net Assets

Down

-$3,254,026

Down $567,572 (-21%) from 2014

Liabilities

Up

$13,558,263

Up $38,826 (+0.3%) from 2014

Revenue

Up

$318,164

Up $1 (+0.0%) from 2014

Expenses

Down

$885,735

Down $3,882 (-0.4%) from 2014

Net Income

Up

-$567,571

Up $3,883 (+0.7%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $12,679,170Liabilities 2011: $13,705,154Net Assets 2011: -$1,025,9842011Assets 2012: $11,922,191Liabilities 2012: $13,531,940Net Assets 2012: -$1,609,7492012Assets 2013: $11,365,614Liabilities 2013: $13,480,614Net Assets 2013: -$2,115,0002013Assets 2014: $10,832,983Liabilities 2014: $13,519,437Net Assets 2014: -$2,686,4542014Assets 2015: $10,304,237Liabilities 2015: $13,558,263Net Assets 2015: -$3,254,0262015Assets 2016: $9,627,048Liabilities 2016: $13,443,508Net Assets 2016: -$3,816,4602016Assets 2017: $9,248,383Liabilities 2017: $13,625,922Net Assets 2017: -$4,377,5392017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2015

Assets$10,304,237
Liabilities$13,558,263
Net Assets-$3,254,026

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $1,274,0482011Expenses 2012: $902,1092012Expenses 2013: $889,8632013Revenue 2014: $318,163Expenses 2014: $889,617Net Income 2014: -$571,4542014Revenue 2015: $318,164Expenses 2015: $885,735Net Income 2015: -$567,5712015Revenue 2016: $318,164Expenses 2016: $880,598Net Income 2016: -$562,4342016Revenue 2017: $318,163Expenses 2017: $879,242Net Income 2017: -$561,0792017Revenue 2018: $173,922Expenses 2018: $436,420Net Income 2018: -$262,4982018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2015

Revenue$318,164
Expenses$885,735
Net Income-$567,571
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 2, 2015
Return Version
2014v5.0
Gross Receipts
$318,164
Mission and Program Overview

Mission

To support and operate for the benefit of morgan memorial goodwill industries inc, a 501(c)(3) corporation, which is its sole member.

To support and operate for the benefit of Morgan Memorial MORGAN MEMORIAL Goodwill Industries Inc, a 501(c)(3) corporation, which is its sole member.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,152,137$9,695,371▼ $456,766
Savings and Temporary Cash Investments$317,763$350,264▲ $32,501
Prepaid Expenses and Deferred Charges$130,512$92,480▼ $38,032
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,832,982$10,304,237▼ $528,745
Other Assets Total$232,570$166,122▼ $66,448
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,337,500$13,337,500→ $0
Other Liabilities$145,588$184,414▲ $38,826
Accounts Payable and Accrued Expenses$36,349$36,349→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,519,437$13,558,263▲ $38,826
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,686,455$-3,254,026▼ $567,571
Total Net Assets Fund Balance$-2,686,455$-3,254,026▼ $567,571
Total Liabilities and Net Assets / Fund Balance$10,832,982$10,304,237▼ $528,745

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,625,520$2,139,569$6,765,089
Land$4,396,627-$4,396,627
Equipment$673,224$520,344$1,193,568
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin T BottomleyChair
Joanne K HilfertyPresident and CEO
Mary ReedVice Chair
EJ LandryBoard Member
Jane EdmondsBoard Member
Jovita FontanezBoard Member
Karen CoppolaBoard Member
Kevin ReyonldsBoard Member
Robert GittensBoard Member
Sally Mason BoemerBoard Member
Stephanie LovellBoard Member
D Ellen WilsonBoard Member (thru 01/2015)
Linda ThompsonClerk
Nancy AubreyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$318,164
Change in Net Assets
$-567,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$318,164
Total Revenue per Audited Statements
$318,164
Total Revenue per Form 990
$318,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$885,735
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$523,217--$523,217
Interest$284,409--$284,409
Other Expenses$78,109--$78,109
Total Functional Expenses$885,735$0$0$885,735

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$885,735
Total Expenses per Audited Statements$885,735
Total Expenses per Form 990$885,735
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Mhic Bond$184,414
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Goodwill Headquarters Inc
EIN
27-2523596
In Care Of
% JOHN J RICKETTS
Phone
6174451010
Address
1010 Harrison Avenue, Boston, MA 02119

Signing Officer

Name
Joanne K Hilferty
Title
President and CEO
Phone
6174451010
Signed
2015-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne K Hilferty
Formed
2010
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Grant Thornton Llp
Address
75 STATE STREET, BOSTON, MA 02109
Preparer
Robert J Butler Jr
Phone
6177237900
Supplemental Narrative

Additional Explanations

Employees

Form 990, part i, line 5 goodwill headquarters inc owns the headquarters of morgan memorial goodwill industries inc, which has entered into a lease to use the headquarters. Under the lease, morgan memorial goodwill industries is responsible for managing and maintaining the building. Goodwill headquarters inc has no employees and has no plans to hire employees.

Related Organizations

Form 990, part iv, line 12 a-b and line 34 goodwill headquarters inc is a supporting organization for morgan memorial goodwill industries inc, which is a related organization, and is included in the consolidated, independent audited financial statements of morgan memorial goodwill industries inc. As such, this irs form 990 should be reviewed in conjunction with the irs form 990 for morgan memorial goodwill industries inc.

Form 990 Review Process

Form 990, part vi, section b, line 11b the irs form 990 is prepared by management and is then reviewed by independent tax advisors from a national accounting firm. The treasurer of the board reviews the irs form 990 and all directors are provided a copy prior to submission to the irs.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, Part VI, Section B, Line 12 The Board of Directors has established a conflict of interest policy that requires officers and directors to disclose any interests that could give rise to conflicts at the time that the possibility of a conflict arises or that they become aware that there is a possibility of a conflict. The policy outlines the process for reviewing and approving such situations. Directors recuse themselves from discussions of and votes on any related party transactions in which they have an interest. In addition, all officers, directors and key employees are required to review the policy on an annual basis and to affirmatively indicate whether or not there is any matter to disclose. A written statement of all related party transactions and other disclosures is provided annually to each member of the Board of Directors.

How Documents Are Made Available to the Public

Form 990, Part VI, Section C, Line 19 The By-Laws, Articles of Organization, Conflict of Interest Policy, and Audited Financial Statements and Form 990 are available upon request and notification of such access is provided on the website of Morgan Memorial Goodwill Industries.

Financial Statement Notes

Schedule D, Part X, Line 2

Goodwill Headquarters Inc is included in the audited financial statements of Morgan Memorial Goodwill Industries. Goodwill and GHI are a not-for-profit organizations as described in Section 501(c)(3) of the Internal Revenue Code, as amended (the Code), and are generally exempt from income taxes pursuant to Section 501(a) of the Code. Goodwill and GHI are required to assess uncertain tax positions and have determined that there were no such positions that were material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt4President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member (thru 01/2015)
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IRS990/MissionDesc0TO SUPPORT AND OPERATE FOR THE BENEFIT OF MORGAN MEMORIAL GOODWILL INDUSTRIES INC, A 501(C)(3) CORPORATION, WHICH IS ITS SOLE MEMBER.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013337500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013337500
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IRS990/NetAssetsOrFundBalancesEOYAmt0-3254026
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0BANK FINANCING FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt078109
IRS990/OtherExpensesGrp/TotalAmt078109
IRS990/OtherLiabilitiesGrp/BOYAmt0145588
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0130512
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt092480
IRS990/PrincipalOfficerNm0Joanne K Hilferty
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RevenueAmt0318164
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0317763
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MORGAN MEMORIAL GOODWILL INDUSTRIES INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04625520
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02139569
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06765089
IRS990ScheduleD/EquipmentGrp/BookValueAmt0673224
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0520344
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01193568
IRS990ScheduleD/ExpensesSubtotalAmt0885735
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04396627
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04396627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0184414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST MHIC BOND
IRS990ScheduleD/RevenueSubtotalAmt0318164
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Goodwill Headquarters Inc is included in the audited financial statements of Morgan Memorial Goodwill Industries. Goodwill and GHI are a not-for-profit organizations as described in Section 501(c)(3) of the Internal Revenue Code, as amended (the Code), and are generally exempt from income taxes pursuant to Section 501(a) of the Code. Goodwill and GHI are required to assess uncertain tax positions and have determined that there were no such positions that were material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09695371
IRS990ScheduleD/TotalExpensesPerForm990Amt0885735
IRS990ScheduleD/TotalLiabilityAmt0184414
IRS990ScheduleD/TotalRevenuePerForm990Amt0318164
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0318164
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0885735
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.17$0.44$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.25$13.6$4.38$0.32$0.88$0.56
2016Detailed filing. Detailed filing data is available for this year.$9.63$13.4$3.82$0.32$0.88$0.56
2015Detailed filing. Detailed filing data is available for this year.$10.3$13.6$3.25$0.32$0.89$0.57
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$13.5$2.69$0.32$0.89$0.57
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$13.5$2.12$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$13.5$1.61$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$13.7$1.03$1.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits