Civic Intelligence

Garden State Episcopal Community Development Corporation

990 • Fiscal year 2014 • EIN 31-1551853

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

118 Summit AvenueJersey City, NJ 07304

(201) 209-9301

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.58x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

29th percentile

-2.3%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$169,615

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

17th percentile

-5.0%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

0.9%

Faster revenue growth than 40% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$7,552,401

Down $393,713 (-5.0%) from 2013

Net Assets

Down

$845,368

Down $98,455 (-10%) from 2013

Liabilities

Down

$6,707,033

Down $295,258 (-4.2%) from 2013

Revenue

Up

$4,238,058

Up $35,908 (+0.9%) from 2013

Expenses

Down

$4,336,513

Down $72,548 (-1.6%) from 2013

Net Income

Up

-$98,455

Up $108,456 (+52%) from 2013

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $6,618,755Liabilities 2012: $5,468,021Net Assets 2012: $1,150,7342012Assets 2013: $7,946,114Liabilities 2013: $7,002,291Net Assets 2013: $943,8232013Assets 2014: $7,552,401Liabilities 2014: $6,707,033Net Assets 2014: $845,3682014Assets 2015: $9,375,402Liabilities 2015: $8,357,423Net Assets 2015: $1,017,9792015Assets 2016: $8,163,798Liabilities 2016: $7,229,680Net Assets 2016: $934,1182016Assets 2017: $11,800,435Liabilities 2017: $10,815,451Net Assets 2017: $984,9842017Assets 2019: $17,509,616Liabilities 2019: $15,801,859Net Assets 2019: $1,707,7572019Assets 2020: $15,669,249Liabilities 2020: $14,284,456Net Assets 2020: $1,384,7932020Assets 2021: $16,668,140Liabilities 2021: $14,779,806Net Assets 2021: $1,888,3342021Assets 2022: $17,032,219Liabilities 2022: $15,170,732Net Assets 2022: $1,861,4872022Assets 2024: $17,931,497Liabilities 2024: $15,818,666Net Assets 2024: $2,112,8312024

Highlighted filing

2014

Assets$7,552,401
Liabilities$6,707,033
Net Assets$845,368

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $4,209,5192012Revenue 2013: $4,202,150Expenses 2013: $4,409,061Net Income 2013: -$206,9112013Revenue 2014: $4,238,058Expenses 2014: $4,336,513Net Income 2014: -$98,4552014Revenue 2015: $4,789,057Expenses 2015: $4,616,446Net Income 2015: $172,6112015Revenue 2016: $4,300,284Expenses 2016: $4,571,979Net Income 2016: -$271,6952016Revenue 2017: $4,592,430Expenses 2017: $4,807,411Net Income 2017: -$214,9812017Revenue 2019: $5,095,156Expenses 2019: $5,599,473Net Income 2019: -$504,3172019Revenue 2020: $4,733,029Expenses 2020: $5,358,354Net Income 2020: -$625,3252020Revenue 2021: $6,237,037Expenses 2021: $6,100,698Net Income 2021: $136,3392021Revenue 2022: $6,656,067Expenses 2022: $6,682,914Net Income 2022: -$26,8472022Revenue 2024: $6,849,000Expenses 2024: $6,400,003Net Income 2024: $448,9972024

Highlighted filing

2014

Revenue$4,238,058
Expenses$4,336,513
Net Income-$98,455
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$6,554,115
Mission and Program Overview

Mission

Empower residents, businesses, and other institutions toward a revitalization of their local community primarily in jersey city, new jersey.

Empower residents, businesses, andother institutions toward a revitalization of their local community primarily in jersey city, new jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,921,805$4,505,973▲ $584,168
Cash and Non-Interest-Bearing Accounts$478,149$397,021▼ $81,128
Accounts Receivable$285,009$251,455▼ $33,554
Prepaid Expenses and Deferred Charges$16,397$30,809▲ $14,412
Savings and Temporary Cash Investments$23,874$24,308▲ $434
Total Assets$7,946,114$7,552,401▼ $393,713
Other Assets Total$3,220,880$2,342,835▼ $878,045
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,834,885$5,989,987▲ $155,102
Accounts Payable and Accrued Expenses$353,054$430,011▲ $76,957
Deferred Revenue$814,352$287,035▼ $527,317
Total Liabilities$7,002,291$6,707,033▼ $295,258
Net Assets / Fund Balance
Unrestricted Net Assets$938,823$840,368▼ $98,455
Permanently Rstr Net Assets$5,000$5,000→ $0
Total Net Assets Fund Balance$943,823$845,368▼ $98,455
Total Liabilities and Net Assets / Fund Balance$7,946,114$7,552,401▼ $393,713

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,151,221$1,180,052$5,331,273
Leasehold Improvements$0$382,691$382,691
Land$315,388-$315,388
Equipment$39,364$199,971$239,335
Other Assets Org$5,030--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol MoriExecutive DirectorFT$161,538$8,077$169,615
John RestrepoProgram DirectorFT$115,000$5,750$120,750
Susan MilanProgram DirectorFT$115,000$5,750$120,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$263,360
Program Service Revenue
$4,759,270
Investment Income
$-1,190,577
Other Revenue
$406,005
All Other Contributions
$263,360
Change in Net Assets
$-98,455

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported Amount
Food Inventory$70,976
Other Non Cash Contri Table$41,250
Total Noncash Contributions$112,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,181,962
Other Expenses$2,154,551
Total Fundraising Expense$19,027
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,041,679$206,636-$1,248,315
Other Employee Benefits$322,025$56,263-$378,288
Current Officers, Directors, Trustees, and Key Employees$292,875$81,951-$374,826
Depreciation Depletion$232,976$4,367-$237,343
Payroll Taxes$149,452$31,081-$180,533
All Other Expenses$122,467$33,539$19,027$175,033
Other Expenses$114,605$5,039-$119,644
Insurance$87,447$13,558-$101,005
Occupancy$45,435$50,800-$96,235
Fees for Services Accounting$8,487$38,699-$47,186
Interest$6,115$29,848-$35,963
Travel$28,492$1,307-$29,799
Information Technology$8,345$5,674-$14,019
Fees for Services Management$5,970--$5,970
Conferences and Meetings$2,786$1,927-$4,713
Fees for Services Legal$636$278-$914
Advertising-$441-$441
Total Functional Expenses$3,748,311$569,175$19,027$4,336,513
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,868
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$69,868$69,868-$69,868
Total Events$69,868$69,868-$69,868
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Line 11a explanation - presented to entire board prior to filing.

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

Each board of director member reviews and discloses any conflict of interest. The executive committee monitors the policy and enforces compliance.

Form 990, Part VI, Section B, Line 15

2. The organization obtains bod approval for salaries of the ed and other key employees.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Garden State Episcopal Community
EIN
31-1551853
Phone
2012099301
Address
118 SUMMIT AVENUE, JERSEY CITY, NJ 07304

Signing Officer

Name
Carol Mori
Title
Executive Director
Phone
2012099301
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Mori
Formed
1986
Legal Domicile
Nj
Voting Board Members
15
Independent Board Members
15
Employees
45
Volunteers
0

Preparer

Firm
Magone & Company Pc Cpas
Address
30 COLUMBIA TURNPIKE SUITE 102, FLORHAM PARK, NJ 07932
Preparer
Nick Magone
Phone
9733012300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is recognized as exempt from federal income tax under section 501(c)(3) of the internal revenue code and, therefore, is not subject to income tax. The organization has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income and to review other matters that may be considered tax positions.

Raw XML AppendixShowing 400 of 684 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2FINANCE COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17PROGRAM DIRECTOR
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